LONDON, March 28, 2013 /PRNewswire/ --
"Something no one will tell you is that the UK/Europe generates circa 25% of the global activity in corporate break-ups (Spinoffs), most investors simply don't see these," comments Ryan Mendy, of TSR.
The collective list below of European Spinoff performances has not been presented before. The magic mid and large cap management loves to keep to itself is; knowing the hidden future values, technicals and insider related facts behind an upcoming Spinoff from their Parent business.
Based in London, TSR's (The Spinoff Report®) pre-event analysis aims to find the edge on each upcoming break-up, and going by their five year track record, they do. There are currently 120+ Spinoffs due globally, with around 50% from the US.
TSR's April 2013 calendar of 'Potential Spinoffs' released to clients next week sees an even greater list of mid cap companies that could break-up. Nonetheless, Spinoffs spawned out of Europe [or "the restructuring continent" as Mendy puts it] equally has a good history of generating solid returns from high quality companies, as these recent listed examples demonstrate*:
From the UK: F&C Asset Management (FCAM) +73%, Talk Talk (TALK) +120%, Capital & Counties Properties (CAPC) +160%;
Italy: Pirelli (PC) +50%;
France: Edenred (EDEN) +72%;
Spain: DIA (DIA) +51%;
Finland: Kemira (KRA1V) +37%; and from
Sweden: CDON Group (CDON) +34%.
*All performances are measured from the date TSR released analysis and recommended the Parent & Spinoff stocks pre-event through to yesterday's close (March 26, 2013).
However, if that's the past and you've missed those(?), what's to be witnessed going forward?
An insight into TSR's outlook deal calendars see companies listed in the relatively 'distressed' but developed European markets such as: $27bn diverse conglomerate, Vivendi (VIV), $3bn travel restaurant and duty free business, Autogrill SpA (AGL); $2bn marine firm, Cargotec Oyj (CGCBV); $28bn high end luxury fashion (Gucci, YSL, etc.), Paris based retailer, PPR SA (PP), $3bn building & construction firm, YIT Oyj (YTY1V); $95bn global industrial firm Siemens (SIE), $6bn engineering and services firm, Metso Oyj (MEO1V), to name a few.
TSR cite such actions as Activism and M&A being some of the many drivers for the growing calendar of global stocks looking to break-up to improve potential future business performance.
SOURCE The Spinoff Report Ltd