StatPro Group

LN: SOG

£150.2m market cap

228p last close

StatPro Group provides cloud-based portfolio analytics solutions to the global investment community.

Investment summary

StatPro has received a recommended all-cash offer at 230p per share (a 54.9% premium to the closing price) from Confluence Technologies, a private equity-backed (TA Associates) US-based provider of solutions to the global asset management industry. The offer is recommended by the board and supported by shareholders representing 65.2% of the shares. At the interims, management confirmed its focus on driving sales, having established the building blocks for growth (consolidation of the Revolution platform, new divisional structure) over the last few years.

Y/E Dec
Revenue (£m)
EBITDA (£m)
PBT (£m)
EPS (p)
P/E (x)
P/CF (x)
2017A 49.3 6.8 3.3 5.8 39.3 13.8
2018A 54.8 10.7 4.8 7.1 32.1 10.2
2019E N/A N/A N/A N/A N/A N/A
2020E N/A N/A N/A N/A N/A N/A
Last updated on 02/10/2019
Industry outlook

For the purposes of the Takeover Code, Edison Investment Research is deemed to be connected with StatPro Group. Under Rule 20.1 Edison must not include any profit forecast, quantified financial benefits statement, asset valuation or estimate of other figures key to the offer, except to the extent that such forecasts, statements, valuations or estimates have been published prior to the offer period (as defined in the Takeover Code) by an offeror or the offeree company (as appropriate) in accordance with the requirements of the Code. Consequently, we have removed our estimates until the offer period ends.

Last updated on 02/10/2019
Sector
TMT
Share price graph
Balance sheet
Forecast net debt (£m) N/A
Forecast gearing ratio (%) N/A
Price performance
%
1m
3m
12m
Actual 50.0 59.4 64.6
Relative* 48.2 61.7 68.1
52-week high/low 228.0p/105.0p
*% relative to local index
Key management
Justin Wheatley CEO
Andrew Fabian FD

Content on StatPro Group