Panmure Gordon

www.panmuregordon.com TICKER: PMR     EXCHANGE: L

Panmure Gordon is a focussed, mid-sized, research-based, investment bank operating in four business areas - corporate finance, institutional equities, market-making in the UK and the USA and wealth management in the USA, with a branch in Switzerland providing institutional equities services to overseas investors. It also has a (now less significant) holding in an investment trust specialising in short/medium-term funding for private companies in the period ahead of an IPO. It specialises in high-technology growth sectors in the USA and mid-cap companies in the UK. It has large high-quality research departments in both the UK and the USA. In the UK market-making is primarily in companies for which it is corporate broker to help provide liquidity but is also a profit centre, while in the USA market-making is a support function to equity dealing and is a cost centre.

LATEST REPORTS

 
Battered but unbowed
Published: Mar 25 2010

Leading UK independent stockbroker

Strongly capitalised

In robust state after exceptionally difficult year

Well positioned outside the UK

Significantly undervalued relative to peer group

 
Recovering strongly
Published: Dec 10 2009

Stockbroker with established, quality name

Strongly capitalised
 
Short term share target 50% over current levels, with further potential rerating relative to peers

 
Interims
Published: Sep 24 2009

High quality undervalued stockbroker

Turn around for loss into profit before exceptionals

Now financially strong thanks to major investment by Qinvest 

 

ARCHIVE

Foreign buyers gorging on UK stocks

Document can be downloaded here: UK plc ‘going for a song’

Being a shareholder in a company that receives a juicy takeover offer is a marvellous feeling. Something that many fortunate investors have experienced over the past 3 years. Thanks to a spate of M&A bids by deep pocketed overseas buyers – partly triggered by the June 2016 Brexit result, which sent the £ tumbling and adversely affected the FTSE.

Consequently today, given this trend is unlikely to end anytime soon, we’ve highlighted 30 possible acquisition ideas in the attached research paper. Spilt equally between large and smallcap stocks – covering a broad selection of industries.

What’s more we believe most of these businesses are underpinned by strong fundamentals and substantial upside in the event of predatory interest.

According to Factset Mergerstat/BVR, the average bid premium paid for such deals between 2004-14 was 30% – with the figure trending upwards since the global financial crisis.

Happy investing. Published 27th August 2019