Hardman & Co Research on The International Stock Exchange (TISE): Strong bounce back continues

Hardman & Co Research on The International Stock Exchange (TISE):

Strong bounce back continues

The International Stock Exchange (TISE) had an excellent half year to June 2024: revenue was up 22% to £6.4m and fully diluted EPS +27% to 105p. The second interim dividend was raised 67% to 75p, reflecting the new, higher payout, dividend policy. The performance, once again, demonstrates the strength of the business, this time against a background of more active markets. We have raised our forecasts: 2024 EPS goes to 191p, from 182p; and 2025 to 232p from 219p. Our valuation range rises proportionately to £87m-£91m, with a central value of 3,000p per share.

Please click on the link below for the full report:

https://hardmanandco.com/research/corporate-research/tise-strong-bounce-back-continues/

If you are interested in meeting the company, you can register your interest by clicking on the above link

Hardman & Co Research can still be accessed for free after MiFID II. Please click here to read the statement.

About Hardman & Co: Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259. Attention is drawn to the important disclaimers at the end of the report.