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i own expn shares and i work at the company also what we've seen is the markets appreciate that expn is a far more diverse beast than credit-checking and therefore much more able to withstand pressures within the FS space movement in to more complex marketing, better technology alliances should see this continuing expn versus its uk competitors simply dwarves them perhaps look at gbg as a potential take over and call credit if/when they list i don't rate equifax
Hello batts
Information services company Experian – best known for its credit checking service, is due to report its finals on Friday. On May 1st, the company announced at its AGM, that its chairman, Sir John Peace, is planning to step down from his role by the July 2014, a company he founded more than 40 years ago. Recently, Peace had been forced into an apology for comments he made playing down Standard Chartered’s violations of US sanctions laws, joining a long list of banker’s forced to apologise. Experian delivered positive results in the six months to September 30 2012, due to operations in Latin America and the US – its benchmark pre-tax profit rose 6% to $563m, on revenues up 6.2% to $2.3bn. Over the past year, its shares have risen 16.35% to 1,153p (as of May 1st). Experian's third-quarter interim statement, covering the three months to 31 December, showed impressive 11% growth in Latin America, with Colombia and Peru performing strongly. Revenues holding up troubled territories such as the UK and Ireland, rising 8%, beating the US at 7%. Management predict high single-digit organic growth for the full-year. Cantor Fitzgerald has upped its target price from 1100p to 1250p reiterating an add rating. ...................
Thought I'd say hi as bought £5k worth this afternoon to go into my ISA for this year So hello all
Experian: UBS takes target price from 1040p to 1300p upgrading to buy.
Experian: Barclays initiates with a target price of 1250p and an overweight rating.
Experian (EXPN) Director name: Mr Brian Cassin Amount sold: 15,977 @ 1,099.00p Value: £175,587
blackrock have took there holding over 5% GET IN QUICK
JP MORGAN CAZENOVE OVERWEIGHT 1255 JUST IN CASE YOU MISS IT jange
maybe you should also say CREDIT SUISSE OUTPERFORM 1230 DEUTSCHE BANK BUY 1200 JEFFERIES INTERNATIONAL BUY 1200 GOLDMAN SACHS BUY 1269 ALL POSTED YESTERDAY OR DID YOU MISS THESE??
Experian: Morgan Stanley downgrades from overweight to equal-weight.
stop gassing about centamin and the other resources co. there is no stopping this co. to 12pound before end of feb
Positive Points: Management observed that the revenue growth seen in the quarter demonstrated the breadth of its portfolio and the continued successful execution of its growth strategy, helping it to withstand ongoing pressures in the global economy. In November, Experian completed the acquisition of a further 29.6% stake in Serasa for a consideration of US$1.5 billion, funded from existing cash resources and drawings under bank facilities. Bolt-on acquisitions continue to be made. In the UK and Ireland region, Garlik (acquired December 2011), 192business (completed February 2012) and Altovision (acquired March 2012) in the EMEA region. The group disclosed a strong financial position with no material changes to its position to the date of this update. A progressive dividend policy is being pursued. The interim dividend announced in November was 10.75 US cents per ordinary share, up 5% on the prior year.
Negative Points: Weaker market conditions were encountered in Brazil as the year progressed reported management, a result of banks tightening lending criteria. Experian operates in a highly regulated environment. The company is subject to various regulations globally regarding the collection, protection, and use of consumer data. In addition, it is also subject to a degree of political risk, relying on legislation not only to open up new credit bureau geographies but also to protect its market position in existing markets. Experian, in general, benefits from a buoyant credit environment. However, should it enter a prolonged period of more subdued credit issuance, it may struggle to maintain forecasted levels of growth. Given the global reach of the credit services provider, this exposes it to foreign exchange risk. As at 30 September 2012 group net debt stood at $1.92 billion.
Third quarter interim management statement: Global information services company Experian said it generated organic revenue growth of 7% for the three months ending 31 December 2012. By region, in North America, both revenues and organic revenue grew 7%, while in Latin America revenues were up 11%, driven in part by strong growth across its bureaux in Colombia and Peru and the take-up of credit monitoring products in both markets. Elsewhere, in the UK and Ireland, revenue growth and organic revenue growth was 8% and 6%, respectively. Weaker market conditions in Europe impacted on revenues in EMEA while in Asia Pacific, generally softer conditions were encountered. Overall though for the combined region, revenues grew 2%. Looking ahead to the full year, the company expects organic growth to be high single-digit with a second-half organic growth similar to the third quarter results
Experian: Nomura raises target price from 1035p to 1215p; buy recommendation unchanged.
Experian, the FTSE 100 global information services company, has said that at an emergency general meeting held on Tuesday, its shareholders approved the acquisition of an additional 29.6 per cent interest in Serasa, the Brazilian credit data provider. The move will take the company's stake in the business to nearly 100%. 99.99% of shareholders voted in favour of the decision. Experian now needs the approval of the Brazilian authorities, but said it expects the purchase to be completed shortly.
Experian: Jefferies cuts target from 1,200p to 1,150p, hold rating kept.
Experian: Jefferies keeps hold rating and 1,200p target.
Positive Points: The group reported revenue growth across all regions and from all global business lines. For the full year, management expects mid to high single-digit organic revenue growth while maintaining or improving the profit margin. Growth in developing markets continues to lead performance. The group's Latin American business enjoyed organic revenue growth of 17% compared to 7% in North America and 3% in the UK and Ireland. Along with geographical diversity, Experian also enjoys business diversity. The company's 'Growth and efficiency' programme remains ongoing. A new programme has been announced. Management expects the efficiency programme to secure gross annualised savings of approximately $75 million. Bolt-on acquisitions continue to be made. A progressive dividend policy is being pursued. The interim dividend announced was 5% higher than the prior year's.
Negative Points: Comparatives for the current third quarter were highlighted by management as "tough". Currency movements, mainly the fall of the Brazilian Real against the US dollar, continued to impact reported revenues. Group organic revenue growth came in at 8% on a constant currency basis for the half year compared to 10% for the prior full year. Group net debt in the period increased by $102 million to $1.92 billion at 30 September 2012. Experian operates in a highly regulated environment. The company is subject to various regulations globally regarding the collection, protection, and use of consumer data. In addition, it is also subject to a degree of political risk, relying on legislation not only to open up new credit bureau geographies but also to protect its market position in existing markets.
Financial Highlights: Revenue from continuing activities rose by 12% on a constant currency basis and 6% at actual rates, principally due to the depreciation of the Brazilian real against the US dollar. Organic revenue growth of 8% achieved at constant exchange rates. Total Earnings Before Interest and Tax (EBIT) from continuing operations of US$590 million, up 14% at constant exchange rates and up 6% at actual rates. Interim dividend of 10.75 US cents per ordinary share, up 5%.
Half year results: Experian reports revenue growth across all regions and businesses. The report saw management announcing "revenue growth across all regions and from all global business lines." The Chief Executive noted that "this is the result of consistent execution on our strategy and global growth programme." In North America, the board highlighted good progress for its growth investments. In Credit Services and Decision Analytics, it added new sources of data, expanding its fraud prevention and identity management services. In Latin America, it also introduced new sources of data and extended into new sectors such as telecommunications, automotive, insurance and utilities. For its EMEA/Asia Pacific business, revenues generally held up well. Significantly and highlighting further opportunities, management announced a new efficiency programme in order to drive operational improvements and help sustain growth going forward. In all, supported by geographical diversification and expected further growth momentum,
Company overview Experian is a major global information services company, providing data and analytical tools to clients globally. The company helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. It also helps individuals to check their credit report and credit score, and protect against identity theft. Experian operates via four main divisions 1) Credit Services 2) Decision Analytics 3) Marketing Solutions and 4) Interactive services. The group is estimated to maintain credit records on around 300 million consumers globally, along with some 30 million businesses worldwide. A constituent of the FTSE-100 index, Experian employs approximately 17,000 people in 44 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; California, US; and São Paulo, Brazil.
Canaccord Genuity initiated coverage of Experian (EXPN) with a "sell" rating and 890p target price. The broker forecasts a slump in the credit checker's organic growth due to a deterioration of the Brazilian economy, which was the primary engine of growth in 2012, accounting for 20% of sales and 50% of organic sales growth. The broker sees a period of "sharp deceleration" in credit formation in Brazil and cites a sharp drop in real GDP growth from 4% to 0.5% coupled with waning employment prospects