oldjoe1
30 Jan 2015
Re: EXPN, New 1 Year High... <b>Experian buyback plans music to analysts’ ears</b> Citywire 30/1/2015Shares in credit check company Experian (EXPN) have been boosted after the buyback plan was more positive than expected.Jefferies analyst Kean Marden retained his ‘buy’ recommendation and target price of £12.40 on the shares, which edged a penny lower to £11.83 yesterday.‘Experian’s capital framework contained the buyback we predicted but was more positive than expected,’ he said.‘Risk-adjusted hurdle rates and benchmarking organic/ inorganic investment against share repurchase is music to our ears… The increased focus on return on invested capital should support an ongoing buyback and more generous dividend. These characteristics are highly desirable in the current economic environment.
oldjoe1
29 Jan 2015
EXPN..Broker Updates........ Experian broker viewsDate Broker Recommendation Price Old target price New target price Notes29 Jan Nomura Buy 1,197.50 - 1,260.00 Retains29 Jan Deutsche Bank Buy 1,197.50 1,150.00 1,300.00 Reiterates29 Jan JP Morgan Cazenove Overweight 1,197.50 1,347.00 1,347.00 Reiterates28 Jan Liberum Capital Buy 1,197.50 1,230.00 1,230.00 Reiterates
oldjoe1
28 Jan 2015
Re: EXPN, New 1 Year High... <b>Experian's cash generation a 'key strength', says Liberum</b>28 January 2015 12:10Broker Liberum reiterated its 'buy' rating on Experian stock after the information services firm announced an unexpected $600m (£394.7m) buyback, which amounts to 5% of its stock.On Wednesday, the FTSE 100 group announced a share repurchase programme after conducting a full capital framework review, pledging to return surplus capital to shareholders from time to timeThe evaluation concluded that given the group's strong cash generation acquisitions will still form part of the business growth mix, while dividend will remain in line with or ahead of earnings."This new return guidance will be further supported by the growth initiatives [...] where we would expect focus on growth initiatives in credit services as well as plans to stabilise and improve its US consumer division," Liberum said in a note.The company also said it is adopting a new target leverage range of 2 to 2.5 times net debt to earnings before interest, tax, depreciation and amortisation (EBITDA), moving away from its previous target of 1.75 to 2 times net debt to EBITDA."Experian's sustainable superior cash generation remains a key strength," Liberum added.Experian shares were up 3.00% to 1,200.00p at 12
6 on Wednesday.
oldjoe1
28 Jan 2015
Re: EXPN, New 1 Year High... FTSE 100 movers: Experian boosted by new growth strategy, Anglo disappoints with 2015 guidanceJack Pusey | Sharecast | 28 Jan, 2015 13:35 - Updated: 15:56Credit-checking firm Experian was a high riser after unveiling an unexpected $600m share buyback and outlining plans to “deliver annual average growth in organic revenue in the mid-single digit range”. The company also said it has the potential for “strong growth” in earnings per share.
oldjoe1
28 Jan 2015
Re: EXPN, New 1 Year High... <b>Experian surprises with share buyback and new dividend ratio</b>Wed 28 January 2015 09:17Credit checking group Experian has announced a $600m share buyback and made positive noises about growing its dividend, hidden among details of an investor seminar to be held on Wednesday afternoon.The FTSE 100 group said the repurchase programme of 5% of its shares had been decided following a full capital framework review.The review concluded that, given the group's strong cash generation, acquisitions will still be a key tenet of growth but that the strong cash profile "provides the potential to progress the ordinary dividend payout" in line with or ahead of earnings and a new target leverage range will be adopted of 2.0 times to 2.5 times net debt/EBITDA."There is now scope to enhance the efficiency of the capital structure, whilst sustaining strong investment grade credit ratings and sufficient flexibility for future investment," the group said in its statement.The $600m buyback will be completed over 14 months, well ahead of the schedule.Broker Liberum said it expected a return to additional capital returns."This new return guidance will be further supported by the growth initiatives expected to set out this afternoon, where we would expect focus on growth initiatives in credit services as well as plans to stabilise and improve its US consumer division."
oldjoe1
28 Jan 2015
Re: EXPN, New 1 Year High... 28 Jan 2015 Experian PLC EXPN Liberum Capital Buy 1,209.00 1,165.00 1,230.00 1,230.00 ReiteratesSP TARGET 1230p
oldjoe1
28 Jan 2015
EXPN, New 1 Year High... EXPN Experian, Chart looking very bullish momentum very strong look for further gains med term . Investors day today should see Broker updates maybe upgrades. (im long)[link]
