bullish
Ultra Electronics - Sustainable operating momentum
SUMMARY
Ultra has issued a reassuring post-close trading statement. The company has delivered continued order growth and demonstrated strong cash conversion. The search for a new CEO continues. While the company has identified future areas for investment to deliver long-term growth, Ultra will deliver modest progress in FY18 as it continues to leverage its strong market positions. The statement should help allay investor concerns over profitability that has been weighing on the shares.
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- Ultra Electronics - Sustainable operating momentum11 Jan 2018
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