MARKET TALK: Numis Increases Halma FY11, FY12 Forecasts

22nd Jun 2010 09:23

0823 GMT [Dow Jones] Numis increases Halma (HLMA.LN) fiscal 2011 pretax profit by 6% to GBP98.3 million and fiscal 2012 pretax profit also by 6% to GBP104.3 million. Says Halma's business model is exposed to less cyclical markets and geared to non-discretionary spend. Also sees plenty of headroom to fund acquisitions after strong cash generation in the fiscal 2010. Keeps add rating and 300p target price. Shares -0.3% at 270p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 22, 2010 04:23 ET (08:23 GMT)