Welcome to EQUITY DEVELOPMENT
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.
Our research teams are made up of expert analysts with deep understanding & experience in their sectors. Our research is distributed to all relevant investment classes & commentators. (at no cost to the reader).
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.
Search for Company Research
FREE REGISTRATION
Sign up today and access the very latest company research
LOG IN
For access to all company research please
Absolute Capital Management Holdings
Absolute Capital Management currently manages funds, quoted on the Irish Stock Exchange, each of which seeks to provide investors absolute returns significantly in excess of those on risk-free assets, largely uncorrelated to general movements in stock markets.
2007 Accounts Published
Argo business now demerged
Outlook dependent on fund performance in Q4
Argo demerger explained
As of 15TH June the demerger of Argo was completed and the listed share now represents solely an investment in the rump running the equity funds. The share price naturally fell by more than half on going ex-rights – in fact it fell 80% to 8.75p - as the unquoted shares in Argo are probably worth more than those in ACM.
At the current price of 7p (after subsequent slippage), more than 90% of the share price is covered by cash and investments as at 1st May, 2008.
Argo Demerger
Proposed demerger to shareholders of Argo businesses
Allows 'pure' play on strong Argo record
Excellent results means forecast upgrade and revised 850p fair value
Profits comfortably ahead of expectations
New management structure
AUM $3.25bn
Acquisition & Trading Update
Purchase of North Real Estate contract as base for 'third leg'
Assets under management now over $3bn
Excellent performance of funds this year
