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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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We have made our name by specialising in those companies who are not receiving the attention that they merit, using detailed commentary, appropriate valuation metrics and regular publications to help eradicate undervaluation in the medium term.
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Healthcare Locums
Healthcare Locums (HLO) is an established provider of specialist staff to the health and social care sectors.
Trading update affirms a genuine special situation among challenged recruitment shares
28% growth in net fee income over three months
All 3 UK divisions experiencing increasing demand
Forecasts upgraded
Value Delivery Gathers Pace
Results show execution of strategy on track
With investments made focus now on cash generation and shareholder returns
Market leader in 3 core markets that are both defensive and growing
Positive trading start in 2008, and further director share purchases
Fair value / share seen conservatively at 150p as EPS and PER improve
Trading Update
All divisions experiencing strong demand
Directors increased stake
2008 PE of only 6.5 times
Material cluster buy by Directors
Successful placing to cover deferred acquisition consideration
Nestor's woes present buying opportunity for Directors
Results show strategy working
Strong interim results show robust demand for healthcare professionals
Group well positioned after bold acquisition strategy
Further organic growth expected in a market favoured by demographics
2008 projections increased
8.6x PER 2008 leaves significant upside to fair value seen at 150p / share
