Click on headlines below to download research

Suspension of estimates
Brady | 15/10/2019

For the purposes of the Takeover Code, Edison Investment Research is deemed to be connected with Brady plc. Under Rule 20.1 Edison must not include any…

New strategic plan, new sales expected FY20
Brady | 26/09/2019

Following its August trading update highlighting a slowdown in new sales, Brady’s interim results were in line with our expectations. H119 revenue…

Perfect storm as sales stall forecasts revised
Brady | 23/08/2019

With the company expecting FY19 revenues of c £19m, c 22% down on our previous forecasts (£24.3m), new sales have slowed markedly since Brady’s…

Sales pipeline is building
Brady | 30/05/2019

In a brief in-line trading update, Brady has said it has made substantial progress in the first four months of FY19 and the sales pipeline is building.…

Building the business for a brighter future
Brady | 15/04/2019

The last two years have seen a significant streamlining of the cost base and a focus on delivering on several significant legacy contracts, which will…

Broadly in line as new CEO starts in mid-February
Brady | 29/01/2019

FY18 numbers were broadly in line with expectations and we have maintained our forecasts. Management remains confident on the outlook as the group stands…

Positioning for new technologies
Brady | 01/10/2018

Brady has undergone a significant transition into a leaner, more focused business. Costs have been taken out and the recycling business sold earlier this…

In-line trading, focused on investing in technology
Brady | 04/06/2018

In a brief AGM update, Brady said that trading has been in line. Following a period of significant change, with new people hired and the business having…