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Davy Research

Datalex

Moving recommendation to ‘Under Review’ after trading update

Jan 15 2019, 11:20 GMT
Ross Harvey CFA
Company Report
5 page(s)

Sectors : Travel IT Services

Companies : Datalex

Ratings and price correct at time of issue.

Datalex

Closing Price: 280c
RATING 15/01/19
UNDER REVIEW
PREVIOUS RATING 13/12/11

OUTPERFORM

Person's Name

Ross Harvey CFA

Analyst

DAVY VIEW

This morning’s trading statement leaves many questions unanswered – principally in relation to revenue recognition and the outlook for 2019-2020. While the commercial momentum through 2018 was robust, we are moving our recommendation to ‘Under Review’ until we get more clarity on these key issues.

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Jan 15 2019, 11:20 GMT