The Expert View: St James’s Place, Superdry and Informa


Key stats
Market capitalisation £4,605m
No. of shares out 1,252m
Trading volume (90 day avg.) 2.8m
Cash per share 44.95p

Informa interims make Shore Capital cautious

Events group Informa (INF) has suffered a 73% slump in profits in the first half as Covid-19 shut down economies and there is still ongoing uncertainty for the company, says Shore Capital.

Analyst Roddy Davidson retained his ‘hold’ recommendation on the shares, which fell 3.4% to 367.6p yesterday.

Although figures were down across the board, with revenue falling 42% over the period, Davidson said the results were ‘a reminder that Informa moved quickly and decisively to deal with the impact of Covid-19’ by conserving capital, reducing costs, and rescheduling events.

‘The timing and scale of a resumption of activity across the exhibitions markets remains difficult to predict with any degree of certainty,’ he said.

‘On this basis, and although we rate the group as a high-quality, well-managed business with good medium-term growth prospects, we remain cautious on the outlook.’



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