IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/fineos" target="_blank" data-smartkarma-citation="entities:28218:1" rel="noopener">FINEOS (FCL AU)</a> is a leading vendor of core software to the life, accident &amp; health (LA&amp;H) insurance industry. FINEOS will commence trading on the ASX on 16 August on a deferred settlement basis. </p><div class="content-highlight"><p>In <a href="https://www.smartkarma.com/insights/fineos-ipo-initiation-claiming-the-cloud" target="_blank" rel="noopener">our initiation note</a>, we stated that FINEOS’ fundamentals are solid, but investors looking for operational leverage and lower cash burn will require patience. On balance, FINEOS’ fundamentals have the right ingredients to make for a compelling equity story. However, from a valuation perspective, we believe that the IPO is fully priced and would use any post-IPO weakness to build a position. </p></div>

FINEOS (FCL AU) is a leading vendor of core software to the life, accident &amp; health (LA&amp;H) insurance industry. FINEOS will commence trading on the ASX on 16 August on a deferred settlement basis. In our initiation note, we stated that FINEOS’ fundamentals are solid, but investors looking for operational leverage and lower cash burn will require patience. On balance, FINEOS’ fundamentals have the right ingredients to make for a compelling equity story. However, from a valuation perspective, we believe that the IPO is fully priced and would use any post-IPO weakness to build a position. 

FINEOS IPO: Full Valuation Entails Patience

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul><li>We believe the intraday low of 2,532.69 made by the S&amp;P 500 on 2/9/18 marked an important short-term bottom within the long-term advance. We continue to see this low and  the 200-day moving average as critical support levels should there be a retest. After a quick recovery from these lows, the S&amp;P 500 has paused near the 50-day moving average, a logical resting area as the market determines its next move. </li><li>In today’s report we highlight attractive and actionable groups within Technology, all relating to software and the attractiveness of dependable recurring revenues: Software; Enterprise Applications, E-Commerce, Education, and Customer Relationship Mgt. (CRM).</li></ul>

We believe the intraday low of 2,532.69 made by the S&amp;P 500 on 2/9/18 marked an important short-term bottom within the long-term advance. We continue to see this low and  the 200-day moving average as critical support levels should there be a retest. After a quick recovery from these lows, the S&amp;P 500 has paused near the 50-day moving average, a logical resting area as the market determines its next move. In today’s report we highlight attractive and actionable groups within Technology, all relating to software and the attractiveness of dependable recurring revenues: Software; Enterprise Applications, E-Commerce, Education, and Customer Relationship Mgt. (CRM).

United States

Guidewire Software Inc. develops and publishes enterprise software for the property and casualty insurance industry. The Company's software supports the workflow, collaboration with external partners, and rule-based decision-making that characterize modern underwriting and claims operations.

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Guidewire Software (GWRE US)

FINEOS IPO: Full Valuation Entails Patience

FINEOS (FCL AU) is a leading vendor of core software to the life, accident & health (LA&H) insurance industry. FINEOS will commence trading...

Arun George

U.S. Equity Strategy

We believe the intraday low of 2,532.69 made by the S&P 500 on 2/9/18 marked an important short-term bottom within the long-term advance. We...

Vermilion Research

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