RE: Advice29 Jul 2020 12:03
I assume the lowest you can get in is NOW considering the RI offering of shares were at this price and no further sizable sell would come. The exhibitions in the UK open by October and as the market resurrects from the dead, so will this stock. Private Equities might be interested in Trade Fair Organizers as they were before the pandemic but even more so, as it really is a great entry point given the market normalizes. This stock is %10 of what it used to be on January.
The company itself has a good portfolio of shows, synergistic with each other on different regions around the world. Russia exposure is still there, but more balanced now. Still hasn't made the leap from an Event Organizer company to Data Analytics company like RELX and UBM/Informa have, which is a huge plus as they had their values folding with this leap.
Hope it helps.