Professional
Added to YB: 2023-11-10
Pitch date: 2023-11-10
ASCL.L [bullish]
Ascential Limited
+110%
current return
Author Info
Special Situation Investments focuses on event-driven trades and low risk arbitrage opportunities with short term catalysts. Sign up for the newsletter.
Company Info
Ascential plc provides specialist information, analytics, and e-commerce optimization platforms in the United Kingdom, rest of Europe, the United States, Canada, China, rest of the Asia Pacific, the Middle East, Africa, and Latin America.
Market Cap
GBP 1.2B
Pitch Price
GBP 2.70
Price Target
N/A
Dividend
N/A
EV/EBITDA
25.81
P/E
N/A
EV/Sales
5.17
Sector
Media
Category
N/A
Ascential (ASCL.L) - Large Asset Sale & Special Dividend - 30% Upside
ASCL.L: £2.7/share. Selling Product Design & Digital Commerce for £1.2bn (86% of EV). £1.93/share special dividend in Q1'24. RemainCo (Events) at 5.7x TTM EBITDA vs peers 10-12x. Potential re-rate to £3.36-£3.67/share (33% upside). Key events: Cannes Lions, Money 20/20. Risks: tax on dividend, refinancing, concentration. Upside: Hudson retention (£0.15/share), WSGN earnout (£50m max).
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