We feel Curtis Banks (“CB”) is overlooked. Organic growth has continued and the challenges COVID has presented (namely interest headwinds) have been navigated with limited impact overall. Arguably, fixed fee increases alongside firm treasury refi rates have improved earnings quality yoy. We will look for colour on prevailing organic growth at Finals next week (18/3). Given strong revenue visibility vs sub-sector peers (no exposure at all to underlying asset values), we believe that the current 1 ....
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Valuation too low for superior revenue visibility
- Published:
10 Mar 2021 -
Author:
Andrew Watson | James Bayliss -
Pages:
3
We feel Curtis Banks (“CB”) is overlooked. Organic growth has continued and the challenges COVID has presented (namely interest headwinds) have been navigated with limited impact overall. Arguably, fixed fee increases alongside firm treasury refi rates have improved earnings quality yoy. We will look for colour on prevailing organic growth at Finals next week (18/3). Given strong revenue visibility vs sub-sector peers (no exposure at all to underlying asset values), we believe that the current 1 ....