MARKET TALK: Fuller, Smith & Turner FY Admirable - Panmure

11th Jun 2010 09:46

0846 GMT [Dow Jones] Fuller, Smith & Turner (FSTA.LN) continues to deliver an admirable performance, says Panmure Gordon. FY results are ahead of expectations, with pretax profit of GBP26.6M versus Panmure's estimate of GBP25.8M, says Panmure. It notes a strong annual dividend increase of 12% to 11p. "Fuller's continues to offer a rare and compelling combination of earnings and dividend growth, is conservatively financed, and offers good forecast upgrade potential." Reiterates buy recommendation and has 614p target. Shares +6.4% at 580p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 11, 2010 04:46 ET (08:46 GMT)