It's been a year in transition for Aim-traded business information provider GlobalData (DATA), formerly Progressive Digital Media. Aside from the name change, the group spent £25m in cash buying four divisions from information company Informa, acquired the entire share capital - and took on the name - of healthcare information provider GlobalData, and disposed of struggling business Progressive Trade Media. It also announced a maiden dividend of 2.5p, seeking to instil a confidence that has been lacking in recent years.
A 14 per cent increase in organic revenue was complemented by four months of sales from the Informa businesses. But M&A and restructuring costs more than doubled to £5.7m, contributing to another year of operating losses.
At least the newly acquired Informa businesses are expected to be earnings accretive in 2016, while the GlobalData deal opened up a whole new revenue stream in the healthcare business sector, and at the time of the acquisition had forecast revenue of £18.8m for the year to 31 December 2015.
Broker N+1 Singer is forecasting 2016 adjusted pre-tax profit of £17.6m and EPS of 12.2p, up from £9.6m and 8.5p in 2015.
| GLOBALDATA (DATA) | ||||
|---|---|---|---|---|
| ORD PRICE: | 249p | MARKET VALUE: | £255m | |
| TOUCH: | 238-260p | 12-MONTH HIGH: | 268p | LOW: 203p |
| DIVIDEND YIELD: | 1.0% | PE RATIO: | na | |
| NET ASSET VALUE: | 25p* | NET DEBT: | 101% | |
| Year to 31 Dec | Turnover (£m) | Pre-tax profit (£m) | Earnings per share (p) | Dividend per share (p) |
|---|---|---|---|---|
| 2011 | 50.4 | 1.4 | 0.40 | nil |
| 2012 | 53.9 | 4.3 | 7.10 | nil |
| 2013 | 54.3 | 7.3 | 6.90 | nil |
| 2014 (restated) | 48.3 | -3.1 | -4.29 | nil |
| 2015 | 60.5 | -2.8 | -4.08 | 2.5 |
| % change | +25 | - | - | - |
Ex-div: 12 May Payment: 3 Jun *Includes intangible assets of £63m, or 61p a share | ||||
