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ContourGlobal - Q1 Update Note


Following ContourGlobal’s impressive FY20, it has released another positive update covering the quarter to 31st March. Management has re-iterated FY21 guidance of $770m-$800m EBITDA and the usual 10% dividend growth. It’s surprising to us that the shares haven’t re-rated given a 6.6% forward yield, especially where the first quarterly dividend has already been declared. This looks extremely attractive given the stability of the cashflows and the plentiful growth potential.


You can read the full note here.

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