Atlas Development & Support Services Ltd (AIM:ADSS)– Initiation of coverage of new AIM arrival
The house broker has ‘formerly’ initiated coverage of Atlas Development and Support Services with a BUY recommendation and a target price of 14p.
We commented on ADSS in our blog covering new arrivals on AIM and consider that the provider of turn-key support service solutions to the oil & gas, mining, construction, NGO and government in East Africa could be interesting.
The broker is of the opinion that the company offers a unique opportunity to invest in the fast growing oil and gas exploration, minerals and infrastructure construction sectors of sub-Saharan Africa, particularly East Africa. Investors could also gain this kind of exposure through a larger energy services provider.
The broker considers that the company can generate organic growth in excess of 30% with ample scope for earnings enhancing acquisitions.
It is indeed…
Previous article Next article
