Hardman & Co Research Hardman & Co Research: The 600 Group (SIXH): Transformation provides strong growth potential 18-Jul-2019 / 08:35 GMT/BST *Hardman & Co Research: Transformation provides strong growth potential* Trading remains good, with an improved order book, up 6.5%, and with growth enhanced by acquisitions, new product launches and new market entry. The acquisition of Control Micro Systems Inc (CMS) is strategically attractive, providing a platform for further growth. The group remains competitively well positioned, with a world-class reputation and its financial position enhanced by the pension scheme buyout. The shares stand at a discount to the peer group and to a DCF valuation, and offer an appealing yield, in our view.ord has made a double announcement about the Petersen case. Argentina had appealed to the US Supreme Court over the decision about where the case will be heard. The Court has declined to hear the appeal, so proceedings will take place in the US. Burford has also sold another 10% of its entitlement in the case for $100m; implying a market price of $1bn, ca.25% above the value implied by the smaller July 2018 transaction. Additional disclosure is that the sale took place to 11 institutional investors, with 40 having participated in the market now. This adds credibility to the valuation generated by the transactions to date. Please click here for the full report: https://www.hardmanandco.com/research/corporate-research/transformation-provid es-strong-growth-potential/ [1] +-------------------------+----------------+-------------------+ |*To contact us:* |*Contact:* | | | | |ps@hardmanandco.com| |Hardman & Co |Paul Singer | | |35 New Broad Street | | | |London |+44 20 7194 7622| | |EC2M 1NH | | | |www.hardmanandco.com | | | |*Follow us on Twitter* | | | |@HardmanandCo | | | +-------------------------+----------------+-------------------+ *Hardman & Co Research can still be accessed for free after MiFID II. Please *click here [2] *to read the statement.* *About Hardman & Co:* For the past 21 years Hardman has been producing specialist research designed to improve investors' understanding of companies, sectors, industries and investment securities. Our analysts are highly experienced in their sectors, and have often been highly rated by professional investors for their knowledge. Our focus is to raise companies' profiles across the UK and abroad with outstanding research, investor engagement programmes and advisory services. Some of our notes have been commissioned by the company which is the subject of the note; this is clearly stated in the disclaimer where this is the case. Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259. Our research is provided for the use of the professional investment community, market counterparties and sophisticated and high net worth investors as defined in the rules of the regulatory bodies. It is not intended to be made available to unsophisticated retail investors. Anyone who is unsure of their categorisation should consult their professional advisors. This research is neither an offer, nor a solicitation, to buy or sell any security. Please read the note for the full disclaimer. Dissemination of a CORPORATE NEWS, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. End of Announcement - EQS News Service 843065 18-Jul-2019 1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=bda6bf9459ae45c475940b60af460b46&application_id=843065&site_id=vwd&application_name=news 2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=5a632f52f80bd372265e4041a743aa1c&application_id=843065&site_id=vwd&application_name=news
(END) Dow Jones Newswires
July 18, 2019 03:35 ET (07:35 GMT)
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