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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.
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.
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Infonic
Infonic is a software business specialising in the management, efficient distribution and interpretation of document based data, and in augmenting the value of that data to organisations (public and private).
Strong sales drive encouraging results
Surge in operating profit reported
Dealing in resilient markets (military, data management, education)
With no exceptionals seen in 2009, PER then of 3.8x looks too low
Impressive results leads to substantial upgrades
Strong trading in all core divisions means revenue upgrades
On revised EPS and EBITDA numbers fair value 13-14p per share
Interim Results and Positive Outlook
Maiden positive EPS (0.2p)
Endorsements from key global partners
Exciting growth in data interpretation
Strong market position in rapidly growing segment
Recent Reuters deal justifies market cap on its own
Corpora's fair value seen at 10.5p, double current levels
