Gresham Technologies acquisition of Electra Information Systems globalises our organisation proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
As FTSE 250 hits new highs, small and mid caps still offer value for stock pickers
UBS added Stagecoach Group to its Smid conviction list, while fund manager Richard Penny suggested some “stealth compounders” under the radar of mainstream investors Stock picking is key
London’s mid-cap stock index, the FTSE 250, have this month pushed on to another all-time high having stumbled lower after blasting through the previous ceiling around 22,000 in April.
While many worry about inflation and other market watchers angst about share valuations that in many places look stretched, there remain many pockets of value on the stock market, of which UK and European small caps and the mid-caps that are found on the FTSE 250 remain two sources.
US$12.3 TRILLION out of thin air…
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Gresham will buy Electra using existing cash resources and a share placing. The total price to be paid is $38.6m (£27.2m) including a £21m share fundraise. Last year, Electra generated revenues of £10.1m, while Gresham generated £24.8m. Therefore, the Electra acquisition should accelerate Gresham’s earnings growth quickly.
Gresham’s current customers include many of the world’s largest financial institutions from banking, investment management, and financial services. Therefore, I believe this acquisition should complement Gresham’s existing business. It should also help Gresham make inroads in the US, providing an opportunity to grow the business further.
Oracle Corporation and Docusign Incto report earnings proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
6 January 2021 | 16:38pm
StockMarketWire.com - A fall in sterling amid concern about the Covid situation in the UK, hopes for super-charged stimulus across the Atlantic and rising oil prices as OPEC announced output cuts helped lift the FTSE 100 3.5% to 6,841.86, its highest levels in more than 10 months.
Expectations for a Democrat trifecta of control of the White House, Senate and House of Representatives is expected to lead to a more generous US stimulus package.
US stocks were mixed with big technology stocks under pressure on fears a freer hand for the Biden administration could leave the big tech names vulnerable to anti-trust measures and higher taxation. Overall though the S&P 500 was up 1.2% to 3,772.83.