Origin Enterprises - Strong Q3 delivery prompts FY2019 EPS upgrade

Davy Research
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Sustained operational momentum in Origin's largest region (Ireland/UK, c.70% of group EBITA) through Q3 prompts us to upgrade FY19 EPS forecasts by 2%. As such, Origin remains on track to deliver its third consecutive year of operational progress and earnings delivery – which has yet to be reflected in the equity. The share remains mis-priced.