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Best Research Award 2007
Edison Investment Research, winners of 'Best Research Award'
Patsystems
| Date | Reports available | Download |
|---|---|---|
| Aug 07 2008 |
Trade the traders Patsystems has established a number of highly valuable assets and differentiators within its dynamic derivatives software marketplace. In our view, the business is well-positioned to drive revenue growth on the back of these developments, and it stands to benefit from buoyancy in the global derivatives markets. Management is confident it can drive the company into a £100m+ market cap stock in the medium term. Research type: Outlook |
Log in to download 16 page note available |
| Feb 19 2008 |
Trade the traders Patsystems is growing at a fast pace and its outlook remains favourable. The 2005 acquisition of Tamesis has proven to be a success and management are using it as a model for future deals. Trading at c.2.1x revenues the shares look fairly priced. Additionally, the presence of unquoted ION Trading on the share register adds an interesting flavour to this stock. Research type: Company Comment - |
Log in to download 2 page note available |
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