LONDON and NEW YORK, February 20, 2013 /PRNewswire/ --
"Our research will show you that a third of Spinoffs are taken-over within 2 years. Classically, management either aren't given the right experienced advice or themselves overlook the concrete shareholder value in restructuring their group for increased growth potential", states, Ryan Mendy, Chief Operating Officer of TSR, the global leading corporate spinoff investment advisor.
Mendy certainly has a point regarding the outperformance*. The UK and Europe sees around a third of the global activity in break-ups. Most recently, centuries old c.£2bn FTSE listed firm, Cookson Group (CKSN, now VSVS) demerged its steel segment from electronics business called Alent (ALNT). The spinoff supplies over half the world's smartphones, including Apple Inc. for their iPhones and iPads. TSR believes Alent is a takeover. Click here to enquire / contact TSR.
On takeovers, almost two years to the day of break-up, TALK TALK (TALK), the broadband segment which was spun-off from European leading, high street smartphone retailer and parent company, Carphone Warehouse (CPW), has received buying interest in its inherently valuable business. TSR analysed and marketed the hidden value of this while the big bank brokers were either restricted or unaware of the deal.
With a +76% absolute return over 5 years from its investment research on over 300 Spinoffs globally, all the above are or were holdings of TSR's Research Portfolio. They advise global hedge and mutual fund clients on the fundamental value reasons for either buying ahead or waiting post listing to buy each of the c60 Spinoffs annually with c50 page analysis. And their recommendations have proven to beat the market.
5 Year Track Record Performances*
+23% FTSE 250 Index
+19% Nasdaq Comp.
+2% S&P 500
-4% HFRX Event Driven Index
-17% MSCI World Index
-22% STOXX Europe 600 Index
* Dec 3, 2007 to Jan 31, 2013
TSR have a unique pipeline and early analysis of all upcoming (120+) Global Spinoffs due including those that they have as potentials and targets, valued at over £700bn. E.g. in the US, News Corporation (NWSA), Penn National Gaming (PENN), Murphy Oil (MUR) and SAIC (SAI).
£300bn of which is for companies listed in the growing UK and European markets, Autogrill SpA (AGL), Cargotec OYJ (CGCBV), PPR SA (PP), YIT Oyj (YTY1V), Siemens (SIE), Orascom (OCIC), Ahlstrom OYJ (AHL1V) to name a few.
Contact: Ryan Mendy, COO of TSR, +1-212-714-7046, firstname.lastname@example.org
SOURCE The Spinoff Report