Daisy is a shopaholic. In its brief history, the business telecoms group has bought 18 companies. This has come at a cost. Customer churn has meant the group is consistently in the red. It was a similar story this half, as losses accelerated due to mounting amortisation costs. Cash conversion improved, however, which should provide some relief for investors. Daisy’s shares currently trade on a forecast price/earnings ratio of 6.5, below the sector average and TalkTalk’s on 13.9. Unlike TalkTalk, though, Daisy does not pay a dividend, however, it has promised to
Read more →Monthly archive for November 2012
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