Spectacular H1 report leads to 4th upgrade this year

Adj. PBT for the half-year to 30 June increased at a remarkable rate, exceeding FY21 levels. With Q3 to date performing ahead of expectations and two additional contracts secured, Equity Development have raised FY22 and FY23 estimates for the fourth time YTD.

Focusing expansionary capex on loadbanks and targeting sectors with exciting growth prospects (such as data centres and renewable energy) has proven extremely fruitful. Evidence of that success is visible in the dividend payout during H1, ahead of the total FY21 level.

Crestchic plc (LON:LOAD) hires and sells specialist power reliability equipment. With a product range comprising a wide range of loadbanks and transformers and depots, offices or agents in the UK, USA, The Middle East, Belgium, Germany, France, Singapore, China and South Korea, Crestchic has a global customer base. 

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£122M offer recommendation for industrial equipment firm

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