Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Transforms Equiniti into a multinational share registration business delivering scale benefits: 1) Highly attractive entry point into the US: the largest, most active but consolidated share registration market with strong development opportunities for Equiniti 2) WFSS has a strong track record of organic growth and market share capture 3) Excellent strategic fit and direct core competency correlation between Equiniti and WFSS 4) Near term value opportunity from introduction of Equiniti's state-of-the-art Sirius platform to the US share registry market 5) Significant cost synergies anticipated ...The cash consideration and Equiniti's transaction expenses are expected to be financed from a planned £122 million (c.$160 million) 1 fully underwritten Rights Issue and £120 million (c.$155 million)1 fully underwritten new debt facilities. I think this is very exciting and fully intend to participate. What do others think? All this to purchase "WELLS FARGO'S SHARE REGISTRATION & SERVICES" the number 3 Wall Street brokers. More details here: http://www.lse.co.uk/share-regulatory-news.asp?shareprice=EQN&ArticleCode=jkzsy8qz&ArticleHeadline=EQUINITI_propose_to_acquire_WFSS__Rights_Issue
Good morning, good morning, to you!
Lifted about 44%. One of my best buys and so reliable.
This has told me more about EQN than any other source I have found. Fantastic results as well. http://streamstudio.world-television.com/CCUIv3/frameset.aspx?ticket=940-1283-18000&target=en-default-&status=ondemand&browser=ns-0-1-0-23-0&stream=flash-audio-32
For what it is worth Goldman Sachs have updated their target price from 247p in April to 280p with a buy recommendation. They obviously think my 250p prediction, see below, highly likely. Perhaps I should change my mind and suggest 300p might be approaching.
The articles I have found only state that Link has bought Capita's asset managerment service arm. I am not sure quite what this means but there must be a real tie up between Capita and Link now, so you are probably correct that Link will no longer need Equiniti's services.
Now that LINK have bought CAPITA Asset services, I assume LINK will end their 'strategic alliance' with EQUINITI. After all, LINK no longer need a Share Registration partner in the UK and Europe, and surely won't want to continue sharing market intelligence and client communication with EQUINITI.
We are so near 250p, no stop this wishful thinking! I bought when Equiniti first arrived on the London Exchange and at the time I thought the shares were probably going to gradually increase to about £3. The dividen is reinvested for me, but the steady growth in value is more important.
I keep a target value on my holding of Equiniti and if the value goes £1000 above my target I sell £1000 worth. I bought Equiniti in six stages, averaging about £2740 each, between Oct 2015 and May 2016. On looking at my record of sales over target I am amazed to find I have taken £6500 out to invest in other shares. That is 40% of my investment. I have also enjoyed reinvesting the dividends. I must add that I am always a little wary of my own mathematics but have checked very carefully before posting.
At last some action on the share price front. I still expect Equiniti to reach 250p but I really find the company and what it does very hard to understand, so I am merely looking at history really.
I really think that Equiniti should stay over £2 now...
All the brokers expect a positive trend here, and I am sitting on the quickest profit I have ever made, so must be patient. I think there will be a breakout to about 250p, but I can be as wrong as the experts. I feel the market is waiting for something but do not know what.
Financial Highlights 2016 2015 Change Revenue (£m) 382.6 369.0 3.7% EBITDA prior to exceptional items (£m) 92.4 86.2 7.2% EBITDA margin prior to exceptional items (%) 24.2 23.4 0.8pts Free cash flow1 prior to exceptional items (£m) 92.6 97.6 (5.1)% Cash flow conversion (%) 100 113 (13.0)pts EBIT (£m) 40.7 10.2 £30.5m Profit/(loss) before tax (£m) 28.5 (71.7) £100.2m Earnings per share2 (EPS) (pence) 10.2 (92.8) 103.0p Underlying3 EPS (pence) 15.9 13.5 18.1% Full year dividend per share (pence) 4.75 0.68 4.07p Net debt (£m)4 251.2 262.7 (4.4)% Leverage (x)4 2.7 3.0 (0.3)x
I am rather puzzled that EQN has not managed to break through the glass ceiling at £2. It did of course for a few brief moments in October. A good dividend in March/April might give us the required push. The brokers talk of a price above 212p and another small rise in the dividend so there is hope!
pull the plug
huge movements on here,someone loading up on the pullback?
Barclays Bank said private equity company Advent International Corp sold a 12% stake in the technology services provider for a total of GBP61.2 million. Advent sold 36.0 million shares in the outsourcer at 170 pence per share. Advent will continue to hold a 7.9% stake in Equiniti. This could be a reason for recent falls?
Equiniti is today hosting a Capital Markets Day which will focus on the key assets of the business. Ahead of the event the Group is pleased to issue the following trading update for the period 1 July 2016 to 22 November 2016: Trading in the period has been encouraging and the Board is confident of delivering in line with market expectations for full year 2016. We continue to grow the breadth of services delivered to our existing clients and notable new business includes an estate and probate administration service contract with a leading UK bank and KYC and customer on-boarding services with two international banks. New client activity has been encouraging and we are pleased to welcome new clients including Admiral, Biffa, GoCompare and Retirement Advantage.
Remains firmly in place...
Relevant bit off the link With a market cap of just £600m, Equiniti Group (LSE: EQN) appears to be a relatively small company, yet a closer look reveals that it's actually one of the UK's largest outsourcing firms, with 3,500 employees across 28 locations and revenue of £369m last year. Equiniti provides technology to a broad range of financial services companies and i s the UK's leading provider of share registration and associated investor services. The company also has market leading positions in administration of employee share plans, pensions administration and software, and employee benefit schemes. It's been a volatile year for Equiniti shares, with the company listing on the London Stock Exchange just under a year ago, and suffering an 8.5% fall on its first day of trading as well as heavy falls in February and June. Yet the volatility hasn't put Neil Woodford off, with the fund manager recently participating in a placing of the company's shares that allowed him to almost double his position in it. Woodford obviously sees something he likes in Equiniti. City analysts forecast revenue of £391m for FY2016, an increase of 6% on last year, and adjusted earnings per share (EPS) of 15p. That puts Equiniti on an undemanding forward looking P/E ratio of 13.3 times earnings, which combined with a forecast dividend yield of 2.5%, looks quite attractive in my opinion. With only 40% of existing customers taking a full complement of products, there's opportunity for the firm to grow through more deeply penetrating existing clients. Management believes the group can deliver mid-single-digit organic revenue growth within the 3%-7% range per annum with higher EPS growth driven by margin improvement and use of cash. With good earnings visibility from contracted and recurring revenue streams and high levels of free cash flow, Equiniti certainly looks to have a lot of potential.
Not anything new, but worth a read if the link works https://uk.finance.yahoo.com/news/buy-2-small-caps-backed-060541050.html;_ylc=X1MDMTE5Nzc4NDE4NQRfZXgDMQRfeXJpZANiODRxNmk5YzE5b3QxBGcDZFhWcFpEeHVjejR4WW1ZMk1EWTVZUzAwWkRrekxUTXpNbVl0WVRsak1pMHdOalkwTTJFMlpqRmlaREk4Wm1sbGJHUStaWEZ1TG13PQRsYW5nA2VuLUdCBG9yaWdfbGFuZwNlbi1HQgRvcmlnX3JlZ2lvbgNHQgRwb3MDMARyZWdpb24DR0IEc3ltYm9sA0VRTi5M
.
Broke through the £2 barrier quicker than I expected.
My Equiniti shares are currently over 20% up from when I purchased them soon after their float. I think there is plenty of growth still to come.
It's doing it's best to try and break the £2 barrier.