Category Archives: $MRKT

$MRKT (Markit) to be acquired by IHS – $33 FV hit, take profit

Markit is to be acquired in all stock merger with IHS, combining 2 relatively small data and analytics providers.

The Competition in the space is heating up, and size matters!

Markit has a great management team – but take some profit here at the target Fair Value of $33, unchanged from August 2015 when last posted this name.

2CentView has a core position in $MRKT.

$MRKT(Markit) – still at a discount to it’s peers but catching up post results

British Based Markit, IPOed on the NASDAQ at 24.5 last year.

Markit have a strong management team, good relationship with the Sell Side and have a potentially higher growth potential than it’s larger peers.

The discount against it’s peers is narrowing – from 17x to 20x vs peers on 22x

It’s size makes it a potential bid target.

FV unchanged at 33

Very few British Based tech companies in the Nasdaq!

2CentView has a core position in $MRKT.

$MRKT (Markit) reports maiden results tomorrow…worth another mention

British Based Markit, recently IPOed on the NASDAQ at 24.5.

With FY2014 earnings predicted to be 1.40, this represents a P/E of 18.4 times and an implied 5Y Growth rate of around 15% vs 20% for peers MHFI and Factset.

Markit have a strong management team, good relationship with the Sell Side and have a potentially higher growth potential than it’s larger peers.
It’s size makes it a potential bid target.

FV=33

Very few British Based tech companies in the Nasdaq!

Trade: Buy here at 25.8 target 32.5 for 25% upside, Stop $21.75

UK Based Markit lists on NASDAQ … $24 flotation price…should you buy…

At $24, Markit was priced in line with comparables FactSet and McgrawHill, at an implied growth of 22% over 5 years vs. 79cents EPS as at Dec 2013 – so fairly priced.

2CentView, is Markit’s does have the potential to realise this growth rate.

If you like the stock, look for a 33-35 stock price to take profit, where implied growth is around 30%.

It is good see a British Based successful tech company listing on the NASDAQ!
We need more of these types of companies – there is a one a week in the US!