Q: Could you please comment on the downturn for both these companies. Do you recommend holding or selling?
Thank you
Thank you
5i Research Answer:
Yesterday Bloomberg's "observed sales' (not from the company) reported ATZ sales may have risen 36% to the year end March 1. This compares to analyst estimates of 31% growth. There has been no other recent news and we would be fine holding. The drawdown seems war-related and not company-specific. RS received a contract yesterday and as with ATZ there has been no material negative news. We would also be fine holding.