GMG -0.22% reaffirmed guidance today and said all was progressing as it should. They still expect operating EPS up +9% for FY25 and a dividend of 30cps, the issue is just around market expectations with consensus being for 13.1% growth. GMG have a tendency to under promise and over deliver and this has built into consensus. On Data Centres, they said they account for ~42% of work in progress which will continue to increase.
We like GMG, we’re just cautious on the markets optimistic positioning
Add To Hit List
