Link Administration Holdings Ltd (OTCPK:LKADF)
$ 1.44 0 (0%) Market Cap: 795.17 Mil Enterprise Value: 1.29 Bil PE Ratio: 0 PB Ratio: 3.74 GF Score: 69/100
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Q2 2019 Link Administration Holdings Ltd Trading Statement Call Transcript

May 30, 2019 / 11:30PM GMT
John M. McMurtrie
Link Administration Holdings Limited - MD & Executive Director

Good morning, everybody. John McMurtrie, Managing Director of Link Group here, joined by Andrew MacLachlan, CFO; and Craig Curry, Head of Investor Relations.

We have put out an announcement this morning, which I think you all had the chance to look at it. We certainly felt strongly that it was worthwhile giving an update based on what we've seen as softer trading conditions in April. And we've redone our read forecast through to June '19. Of the adjustments, the overwhelming factors you can probably say, 60% of the adjustments are in relation to the performance of LAS, I'll come back to that in a minute, and 40% then combination of fund admin, particularly the regulatory changes in Corporate Markets.

Looking at Link Asset Services, we did give an update at the end of February. At that time, it was widely held that Brexit would occur on the 31st of March. That was then kicked down the road to the end of October. The -- there's a fair bit of evidence now that the service sector in the U.K. is suffering

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