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Surrey, take your point re the magnitude if the % drop, however
EXPN remains very highly rated.
Bulls would argue there is good reason for this.
* Experian
Can they though? - with the Brazil investigation ongoing ...
Just for transparency I don't hold Experion.
Given the magnitude of the recent share price drop, much in the wake of a better than feared Q3 trading update, directors’ buying is conspicuous by its absence. This is a 31 March y/e company so the directors are not currently in close season and can buy if they want to. I’d wait until one or more directors buys a significant number of shares before buying any myself.
Well I have just bought in here. Not massive, just £2k as I like to hold some back for bargain prices.
There are a few negatives I see as well as positives.
Negatives:
As someone else mentioned EXPN has quite high PE value for what I normally look at (currently approx PE 27).
This is a quote from IC from back in November 20
"A forward price/earnings multiple of 40 is rather steep, but as we noted in our recent tip, a cheap entry point is unlikely to arise. Experian’s essential data products and countercyclical services offer resilience during a recession and demand for its databases and analytical tools should only grow long-term. Buy." - How wrong they were, but possible an opportunity now.
EXPN has a debt of approx $4.1billion -I do not like companies with high debt, but it is within manageable parameters for the profits the company takes.
Now what I find the most concerning is the report of data leaked in Brazil.
https://www.zdnet.com/article/experian-challenged-over-massive-data-leak-in-brazil/
This uncertainty could bring the sp down further, hence I have bought in low amount and may add in future.
Positives:
Profit making with forecasts set to grow. (It may not hit this years targets though).
Bod have buys from end of last year.
High operating profits of approx 23%
Dividend paying.
Chart wise the sp is currently hitting strong support level and also the bottom of a weekly uptrend channel.
The chart position is the main reason for me to buy at this level into what I believe is a pretty solid company that will continue to grow. Whether it drops further, who knows, but in time this will likely go higher. I see the negatives as my opportunity to buy into a well established company. Further drops I intend to increase my holding here.
gla
i sold in a while ago when it started to under react to rest of market. sterling gains arent helping and its a lockdown stock so its probably being sold on those two fronts now. big gap lower today if doesnt get filled will point to levels around 22 quid. the problem the stock has is that the pe ratio here is still quite high, yet the growth in revs and earnings going out the next two years arent as good as in the past. so it may be a general rerating that the shares are under. im watching these but wont be prepared to step in within the technicals improving. id be far happier to miss the bottom and get on board once a uptrend recommences.
Hi @Velo. Bought EXPN as a 'safe' stock. I've been very disappointed with it (currently 16.5% down). Now sitting and waiting for it to recover into profit. I would avoid if I were honest based on my experience. Although you could take the view that this is a good time to buy in. Can it get any worse? GLA DYOR
Not in bed with you any more :) sold my position. Bad timing - my fault. Reappraising the situation in near future.
And just bought the 2nd tranche @ 2578.
Dillillied and dallied a few pence lower so pretented to be a decisive person and doubled my part holding to the full monty. Now any further buys will have to be really really a lot lower.
I'm contented.
Might go lower but in the deepest part of the March crash it didn't retrace that deeply (1900's) so not optimistic of it retracing much below the last visit to 2500's. We'll see, always up for a bargain if it presents itself.
I'm in bed with you now, so shift yourself and move over, and stop hugging all the blankets :)
God been stalking this for ages. Just bagged half my preferred budget for this at 2579. It's still in a downtrend so might go a little lower or not, whatever quite happy to buy the 2nd half higher as the case may be. Should have bagged it when it was in the 2500's last time. Been irritated ever since - but corrected that dalliance and struck today :)