Download full report with analyst certification and important disclosures
Oct 20 2021, 06:45 IST/BST
Esken
Struggling for value? You’re not Esken the right questions
- Sectors : Airlines & Other Transport
- Companies : Esken
DAVY VIEW
Esken is the combination of an airport with the strategic benefits of proximity to London/cost-effectiveness and an established, profitable Energy business with high barriers to entry. In our view, the unconventional structure offers deep-value potential, although value realisation is catalyst-dependent – particularly regarding airline arrivals at London Southend Airport (LSA). We initiate with an ‘Outperform’ rating and a price target of 30p.
