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The UK's longest established regulated provider of sponsored equity research.
We launched EQUITY DEVELOPMENT in 1997 becoming the first ever regulated provider of Sponsored Equity Research in the UK.
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Touch Group
Touch Group is a UK-based multimedia advertising
provider with activities on-line and in print. On each of its platforms, Touch
provides cost-effective advertising to companies ranging from the SME sector to the larger corporates.
A highly focused publishing business
Occupying an attractive niche in STM publishing
Strong order books in 2008
This year should see strong upward movement in gross margins
Now based on Touch Briefings, a focused B2B publisher
- 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; difficult year behind them
- Recovery after difficult 2005
- Briefings restructured
- Credible strategy to monetise online directory business
- Strong management team in place
- Target price of 14.65p vs current price of 5.5p
Can you afford to be out of Touch?
- 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
