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Equity Bottom-Up

<p>A strong end to FY20 has fed into good momentum at the beginning of FY21 and all three divisions performed ahead of management’s expectations in the first four months of the year. Moreover, Tyman is more optimistic now about the outlook for the remainder of the year. We have raised our earnings estimates by c 10% following similar upgrades with the FY20 results at the beginning of March.</p>

A strong end to FY20 has fed into good momentum at the beginning of FY21 and all three divisions performed ahead of management’s expectations in the first four months of the year. Moreover, Tyman is more optimistic now about the outlook for the remainder of the year. We have raised our earnings estimates by c 10% following similar upgrades with the FY20 results at the beginning of March.

Tyman - More upgrades from ongoing trading momentum

Tyman PLC

Tyman - More upgrades from ongoing trading momentum