Ross Turner Sees DCC As Well-Positioned For Growth In Europe

Ira Sohn London: Ross Turner, founder of Pelham Capital Trade Idea: DCC Price Target: Valuation: Ross Turner on oil distribution Themes: Recently moved main listing to UK from Ireland. Distribution services group. Energy makes up majority of revenue. Strong record of earnings growth. Oil distribution (51%) and LPG is main part of energy division. Oil distribution of oil from tankers and import terminals to personal and commercial premises throughout the UK. 28 acquisitions across the UK to build wide distribution network. Market share 18% of the UK’s total oil distribution – lots of room for growth. Bolt-on acquisitions creating value through…