Medica Group (MGP.L, FTSE Small Cap Index, Market Cap 148m, 139p, 1.5% of JIC Portfolio and 0.0% of JIC Top 10)
AGM TRADING UPDATE
Conclusion: Nearly half way through the year, this statement is encouraging given that current forecasts are for 28% earnings growth this year. I am of course assuming that â€śthe Boardâ€™s expectationsâ€ť are the same as market forecasts. (I canâ€™t understand why management donâ€™t say something along the lines of â€śconsensus market forecasts are x, which we are happy with!â€ť)Â Â I have written about this stock three times since buying it earlier this month. Nice to see it up 4.2% today. Still a Happy Holder!
It issued a trading update this morning. Short and sweet, it says that 2018 has started well and that it is performing in-line with the Boardâ€™s expectations. It goes on to say that recruitment of radiologists has continued to be strong. â€śThe anticipated full year 2018 results remain in line wth the Boardâ€™s expecationsâ€ť.