Touch GroupTICKER: TOU EXCHANGE:
Touch Group is an international business-to-business publishing group. Its targeted areas are Medical Communications, Online, and Medical Content Research for the Pharmaceutical Device and Diagnostic Industries. It also focuses on the energy industry, covering nuclear power, renewable energy sources, and gas and oil, in both America and Europe. Its main subsidiary, Touch Briefings, publishes a diverse portfolio of information and communications products within key growth sectors, with emphasis on the pharmaceutical, clinical and energy arenas. Through this portfolio - of over 80 print publications, a suite of industry-leading websites and client-specific platforms - Touch Briefings delivers comprehensive information and knowledge that educates and informs key industry leaders through print and online platforms. There are five areas of operation: Medical Journals, Health Sciences, Energy Publications, Bespoke Publications and Clinical Websites.
- Majority of revenues derived from advertising, both from printed and online
- Strong market positioning and corporate flexibility should lead to rapid growth
- The current low PER rating potentially allows for considerable expansion, giving 'fair value' target of 13.2p/share (vs current 6p)
- Touch group well positioned to perform in multimedia markets with leading online product
- New leadership, unified management
- Dramatic growth in relaunch of online directory business from a leading position
- Strength in complementary businesses
- Substantial undervaluation versus sector averages
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