European Event-Driven Analyst

Jesus Rodriguez Aguilar

Jesús is an Insight Provider (Event-driven) on the Smartkarma network, where he looks across sectors at opportunities arising from securities mispricing (both credit and equity), share classes, bid announcements, prospective bids, and special situations. He has served as Economic and Business Advisor at the Spanish Congress in Madrid. Prior to that, he has worked in the City of London: as a Credit Analyst at Bloomberg; Event-driven associate at former boutique European Research; and doubled as Special Situations and Equity-linked VP (convertible bonds) at Merrill Lynch. Jesús has an MBA from the London Business School, a BA (Hons.) degree in Economics from the Complutense University in Madrid, and a BA (Hons.) in Law from U.N.E.D., also in Madrid.

Many Moving Parts in Rothermere's Bid to Take DMGT Private

Event-Driven

<ul>
<li>SPAC National World confirmed that it is at the early stages of exploring a possible offer for UK's largest local publisher <a href="https://www.smartkarma.com/entities/reach-plc" target="_blank" data-smartkarma-citation="entities:22183:1" rel="noopener">Reach (RCH LN)</a>, whose share price had dropped 64% YTD.</li>
<li>The approach comes when Reach seems to be turning a corner and digital is growing, more specifically data-led initiatives. The top ten shareholders own 61% of the share capital.</li>
<li>A good offer should be tabled to convince the suffering top ten shareholders (61% in aggregate). My TP is 163.4p (comparables/DCF). The shares are trading at 4.0x NTM P/E.</li>
</ul>


SPAC National World confirmed that it is at the early stages of exploring a possible offer for UK's largest local publisher Reach (RCH LN), whose share price had dropped 64% YTD.
The approach comes when Reach seems to be turning a corner and digital is growing, more specifically data-led initiatives. The top ten shareholders own 61% of the share capital.
A good offer should be tabled to convince the suffering top ten shareholders (61% in aggregate). My TP is 163.4p (comparables/DCF). The shares are trading at 4.0x NTM P/E.


Reach

National World/Reach: Possible Offer