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Now 314p
Was a good buy 20th September 2023 at 188p. ( 188 to 314 = 67% )
Tenner 315p to 331p
Broker sent email to late for me to consider .
Just bought in, think there is some upside from here.
They are paying out 850 as dividend to be left with their events division which had ebitda of about 85 in the last 12 months. Maybe apply 15% discount to the 850 dividend (722) and value events business on very conservative 10x ebitda (850) and assume business will be left with £100mln of debt (?).... that would leave the mkt cap at very conservative £1.47bln... and it closed today with mkt cap of £1.18bln.... so on very very conservative basis that gives stock 25% upside.... and actually events business is likely takeover target now, which dould put it on 15x ebitda... maybe that gives it another 30% upside on top of this.
I'm surprised stock didn't close higher. But then mtk doesnt seem to price things for uk midcaps until deals actually complete. Plus this stock has been painful for holders, so maybe some just wanted to get out. Lots of nerves. Hopefully stock will go higher tomorrow once news has been digested more...
I don’t get why this isn’t 100% + if they’re giving out 850ml to SH? Would it be paid as a dividend or what?
Apex today behind an offer for KCT via Kelvin (UK) Bidco Ltd. Could shortly see them make their move here.
I took a small position here a week ago following the impressive half-year results. The SP just looked too inviting for a company with 94% of shares held by institutions and a P/E around 15.
Sky are now reporting Apax Partners are back in for the WGSN slice "with discussions at an advanced stage". Their original enquiry earlier this year was in the region of £700m but now expected to be substantially below. Nevertheless, with an ASCL mkt cap of less than £1b, it could well see a significant sum deposited in the company coffers.
Ascential plc posted interims for the period to 30th June this morning. Group revenues were up 18% to £307.4m, adjusted EBITDA was up 17% to £78.6m, reported operating profit was £0.7m from a loss of £35.1m a year earlier. Closing net debt was down a little to £205.6m giving a leverage ratio of 1.6x EBITDA, gearing ratios remain manageable. Valuation is average for the Professional & Commercial Services sector with forward PE ratio at 12.4x. Share price remains in an 8-month correction and lacks positive momentum accordingly. ASCL remains share to monitor for the time being...
...from WealthOracle
wealthoracle.co.uk/detailed-result-full/ASCL/806
Thanks Sipps. Why do close end funds have to sell please?
Closed end funds having to sell. This will rerrate bigtime.
Does anyone know why stock so weak?
I came into the year long. Have held own through the news of the strategy to break it up.
Added today.
Just hope I'm not missing something.
Thank you so much... maybe buy more if stock opens up less than 10%? Do you know what break up value of company is?
Do you mean whether to sell? I would hold for now, this very positive update may lift the shares out of their recent trading range.
Good morning. Does anyone have a view on where to sell this stock after the news today? Many thanks
The lower it goes the more tempted I am , 200 p near term target . I think this will speed up the break up and shift to New York for the digital side . Any thoughts folks ??
They are lol
Anyone knows if they are about to announce a major Acquisition?
Agree - volume coming in last week - looking for it to break through 426 level then 470.
Charts look nice on this for the month. Slow builder!
So today we have way more sellers than buyers although quieter in volume and a near 4% bounce.
All these. late buys coming in today and yesterday . Yet they still drive the price down.
First half pre-tax profits at information company Ascential rose to £30.5m from £23.1m as revenue increased 25% to £236m.
The company said it was trading in line with expectations for the full year, adding that it was confident of delivering its medium-term target to achieve double-digit growth.
Ascential, formerly known as Map, also said it had bought an initial 35% interest in cybersecurity provider Avast's marketing analysis unit Jumpshot for $60.8m. Peel Hunt target £4.40. Might be a bit light after yesterdays deal with AVAST if closed end of August. Another one under the radar generating good cash. Beats banks retail and telecommunications any day as an investment.
Its TRT dan, Joe and Jambon
Morning Dan, its either ASCL or TRT
Morning Guys, well that was inevitable wasn’t it. Maybe he didn’t follow our hot tips? Or even worse maybe he did lol