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Drop in Hyder share price is an opportunity; BUSINESS CONSULTANCY.

Hyder Consulting said trading in the full-year to March 31 has been in line with expectations and added it has secured significant new work with the order book at record levels.

The advisory and business consultancy added integration of Seib Ingenieur and Voigt Ingenieure in Germany, Crescent in Australia and Holford and Associates in Dubai is progressing well.

The company expects to announce results for the year to March 31 on June 9. Panmure Gordon said the trading update contained 'no surprises' and forecasts remain unchanged. It calculates half of 2009 estimated revenues are already secured and believes the recent share price weakness has been overdone.

Shares in Hyder Consulting slipped lower yesterday, dragged by a falling market and an in-line trading update, which prompted Panmure Gordon to retain its 'buy' stance and target price of 500p. Meanwhile, WH Ireland called the update 'positive' and reiterated the four acquisitions are progressing well.
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Title Annotation:Business
Publication:The Birmingham Post (England)
Date:Apr 4, 2008
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