SEC Group

https://www.secrp.com/en/ TICKER: SECG     EXCHANGE: AIM

The group provides public relations, advocacy, and integrated communications advice. Its services include brand equity management; financial communication; crisis and reputation management; corporate social responsibility; external and internal relations; lobbying and public affairs; issue management; community relations and political communication.

SEC was founded in 1989 and is headquartered in Milan, Italy.

LATEST REPORTS

 
Building a Global PR Brand
Published: Jun 22 2018

We are pleased to share a report by Peterhouse on their client SEC Group: 
The group provides public relations, advocacy, and integrated communications advice. Its services include brand equity management; financial communication; crisis and reputation management; corporate social responsibility; external and internal relations; lobbying and public affairs; issue management; community relations and political communication. SEC was founded in 1989 and is headquartered in Milan, Italy.
SEC aims to build an entity with global PR network and brand, and the international profile, credibility, geographical footprint and skillset to secure larger, longer term retained relationships with multinational clients.  
That kind of global mandate can encompass a broad range of PR services and disciplines, which in management’s experience can equate to larger, longer-term contracts with better revenue scale/quality. This should, in parallel, translate into improved divisional and group margins, EPS and FCF/share.
Acquisition-led growth is at a relatively early stage, and the challenges involved in implementation of recent and prospective purchases is a key sensitivity. Projections do not build in the next phase of acquisitions - a core component of management’s plan for the next two to three years - or any material enhancement from integration of distinct geographies and disciplines.  
There is arguably potential for faster growth than indicated below on the back of successful implementation of the growth strategy. As that feeds through to EPS, it may provide capacity for SEC to initiate dividends from 2020e. The shares are tightly held; c 75% is owned by the group’s founder.

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