In today’s briefing:
- Selected European HoldCos and DLC: June’24 Report
- Pureprofile RaaS Webinar Transcript 28 June 2024
- Pureprofile Ltd – i-Link acquisition extends customer reach, EPS +ve in FY25f
Selected European HoldCos and DLC: June’24 Report
- Discounts to NAV of covered holdcos didn’t follow a clear trend during June. Discounts to NAV: C.F.Alba, 44.5% (vs. 46.8%); GBL, 43.6% (vs. 42.9%); Heineken Holding, 18.4% (vs. 18.3%);
- Industrivärden C, 2.4% (vs. 2.5%); Investor B, 9.9% (vs. 12%); Porsche Automobile Holding, 35.8% (vs. 35.3%). Rio DLC spread tightened to 20.7% (vs. 23%).
- What seems interesting: Porsche SE vs. listed assets and the Rio DLC (long RIO LN/short RIO AU).
Pureprofile RaaS Webinar Transcript 28 June 2024
- RaaS Research Group conducted a webinar with Pureprofile’s Managing Director Martin Filz and CFO/COO Melinda Sheppard on 28 June following the $1.25m acquisition of i-Link Research Solutions.
- This is a transcript of the webinar.
Pureprofile Ltd – i-Link acquisition extends customer reach, EPS +ve in FY25f
- RaaS Research Group has published an update report on data analytics company Pureprofile (ASX:PPL) following the $1.25m acquisition of i-Link Research Solutions, on an estimated FY24 revenue multiple of 0.46x.
- Pureprofile notes that i-Link generated revenue of ~$2.7m in FY24, that it was cash-flow positive, and that there would be cost synergies from the i-Link principals not continuing with the business and existing staff moving to Pureprofile’s offices.
- We have incorporated the acquisition in our forecasts, resulting in a 5% upgrade to our FY25f revenue and underlying EBITDA forecast and a 6% increase to our FY25f underlying EPS estimate.
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