Next Fifteen Communications Group PLC - Estimate upgrade
The first two months of 2022 have been busy for Next 15. Firstly, the full year trading update pointed to a strong finish to the year resulting in a further upgrade to estimates. More recently, Mach49 secured the largest single contract win in Next 15’s history ($400m over five years). Finally, Next 15 has announced its largest acquisition to date, Engine UK, for a maximum value of £77m (£62m of initial cash consideration part funded by the successful placing of 4.5m new ordinary shares at 1110p raising £50m gross).