p/w of 10 with sales rising 20% YOY and turns around 80% of profit straight to cash worth 10 in my opinion thats why I bought it @ 550p the steal of the century ....

now out of its 90 day average heading toward 700p withing the month as understand the overhang of float shares out of the way

Full year results out this Wednesday, and with an upward trend on the chart I will be interested to see which way the SP go's.


Anyone still in these?

Yep...

Yeep.... in and out .... and presently in..... price still below the level that some Directors bought shares at towards end of last year.
And they're continuing to diversify geographically ..... earlier this month a 50/50 joint venture was announced with Central Communication Bureau in Japan.

21 May 2008

news release

Experian Group Limited

Preliminary results for the year

ended 31 March 2008

Highlights

Good revenue, profit and cash performance against a backdrop of difficult market conditions.

Total revenue growth of 18% at actual exchange rates to US$4.1bn. Revenue from continuing activities up 14% at constant exchange rates to US$4.1bn. Organic revenue growth of 4%.

Total EBIT growth of 15% at actual exchange rates to US$945m. Continuing EBIT up 13% at constant exchange rates.

EBIT margin of 21.8% from continuing activities, excluding FARES contribution, in line with prior year (2007: 21.9%) during period of investment.

Profit before tax of US$549m. Benchmark profit before tax of US$819m.

Basic EPS of 43.3 US cents. Benchmark EPS of 60.3 US cents.

Swift action to improve efficiency and reduce costs, with annualised cost savings target raised to US$110m from US$80m.

Strong contribution from strategically important expansion into Brazil via Serasa, on plan for revenue, ahead on EBIT.

Excellent cash conversion of 95%.

Net debt of US$2.7bn after funding acquisitions of US$1.7bn, mainly Serasa and Hitwise.

Second dividend of 12.0 US cents per share, to give full year dividend of 18.5 US cents per share, up 9%.

John Peace, Chairman of Experian, said:

'Experian has delivered another year of strong revenue and EBIT growth and continues to make excellent strategic progress. This strong outcome in challenging trading conditions demonstrates the strength and diversity of the Experian business.'

Don Robert, Chief Executive Officer of Experian, said:

'This has been a challenging year in many ways. The major disruption that took place in the financial services sector was unprecedented, but we delivered good profit and cash performances. Experian is a strong business, performing well in difficult markets. While it is still too early to call a turn in the US and the UK financial services markets, and US Credit Services continues to soften, we have taken the necessary steps to reduce costs and protect margins and we expect to continue to deliver strong performances in Experian's other regions and key business lines. Although we face strong comparables in the first quarter of this year, when organic revenue may be flat to slightly down, we remain confident on the outlook.'



sp 389p

Reuters - Shares in credit information provider Experian rise 9.3 percent,
making it second on the leaderboard for the FTSE 100 after it posts an 8
percent jump in first half results and says third quarter revenue growth should
also be sound.

The results, which were in line with expectations for Seymour Pierce, prompt
the broker to raise the recomendation on the stock from 'sell' to 'hold'.
'It may be early days but these results demonstrate the resilience of the
Experian model and, although growth has slowed, it is still in-line with our
expectations,' the broker says in a note to clients.

John Peace, Chairman of Experian, said, 'Experian performed well in the first half, delivering good revenue, profit and cash performances, even though market conditions were exceptionally challenging. The Group has strengthened its market position, and is well placed to grow through the current global economic cycle.'

Don Robert, CEO, said, 'Our business continues to perform well. We are adapting to market challenges, which we expect to persist into next year. We are directing the organisation towards emerging countercyclical opportunities and we are further addressing our cost base. Looking ahead, we expect organic revenue growth for the third quarter to be similar to that in the first half. For the year as a whole, our objective remains to broadly maintain margins and to grow profits, while continuing to position the business for long term success.' "

International expansion continues, but I notice that on the downside the SP has gone downhill at the turn of the last 3 years! will have another look in 2/3 weeks time.

Lovely looking chart on this one, but a bit of Director selling today coupled with some institutional selling at the beginning of the month. Might see a little pull back tomorrow which would not be a disaster.

Deutsche Bank broker note out today:
"Experian reported Q4 organic growth rate of 3%, in-line with our forecast of 3.4%, but ahead of consensus at around 2%, and versus Q1 to Q3 all at 1%. Acceleration of growth in Q4 as expected as comps are beginning to ease. As always many moving parts key points 1) US credit services still down -4% in Q4 but on an improving trend vs -6% in Q3 and -8% in Q2 (orgination revs in consumer information still down YoY but business information, healthcare and autos strong). Headline UK credit services at c-8%, showing worsening trend than Q1 to Q3, which were down 5%, but prior year included higher pricing as vols fell.
Adjusting for this, trends in the UK stable to slightly improving. As with Q3, weak origination business, financial services consolidation and market exits, mitigated by good performance in non-financial verticals. LatAm credit still very strong with growth accelerating +20% (Q3 +18%, Q2 13%). 2) Interactive in the US at +10% (up from Q3 at +6% (tough comps with Discover contract) and Q2 at +10%), with strong performances in lead generation as well as at Pricegrabber. No formal outlook statement, but tone is more positive with the UK now on an upward underlying trend and improving customer sentiment across the group. They remain on "buy"
Nothing to change our view - EXPN remains one of our favoured picks and medium term we think that EXPN can generate c7% organic growth and with a more disciplined attitude to acquisitions, cash will be returned to shareholders medium term. EXPN is on a 2011E calendar PE of 13.2x, which does not look expensive given its above sector average FCF yield of 8.8%."

Anyone seen why this one seems to be one of the few loses so far today? on my list anyway.

"Credit checker Experian was a major casualty, down 7p at 733p following a downgrade to neutral from outperform at Credit Suisse."

StockMarketWire.com
"Credit checker Experian said it enjoyed a strong performance in the half-year to end-September, with improving trends across all regions. Profit before tax from continuing operations was $283m (2009: $316m).

Benchmark profit before tax was $450m, up 12%.

Revenue from continuing activities was up 8% at constant exchange rates. Organic revenue growth was 7%.

Total Group revenue was $2bn (2009: $1.9bn).

EBIT margin from continuing activities was up 10 basis points to 24.3%.

Continuing EBIT was up 8% at constant exchange rates.

Total EBIT was $484m, up 10% at actual exchange rates.

Basic EPS was 25.9 cents (2009: 24.5 cents). Benchmark EPS was 32.4 cents, up 10%.

Net debt was $1.889bn in the half. S&P affirmed a BBB+ rating and revised outlook to positive in October.

Experian claimed 79% conversion of EBIT into operating cash flow in the seasonally weaker half year.

A first interim dividend of 9 cents per ordinary share will be paid, up 29% on the prior year". (UK stamp duty exempt).

Looked at these last week again H, market certainly likes the results.. up over 6% today at the mo.

Ex-divi date will be 29th dec '10.

Look at the last 3 years SP action at the turn of those years, I'm looking for a quick 40-60 point gain.

What do you think?

David Tyler, Non Executive Director, sold 50,000 shares in the company on the 31st January 2011 at a price of 772.50p. The Director now holds 345,455 shares.

Director sells 50,000 shares and the price goes up (so far), encouraging or what?

Breaking out above that 780p hump.

Steady progress being made here, up to 810p before falling back so far today.

StockMarketWire.com
Financial services group Experian said it has met or exceeded all financial objectives for the year.

Revenue from continuing activities was up 10% at constant exchange rates. Organic revenue growth of 8%. Total Group revenue was $4.2bn (2010: $3.9bn).

Experian saw further margin progression. EBIT margin from continuing activities was up 30 basis points to 24.8%.

EBIT from continuing activities was up 11% at constant exchange rates. Total EBIT of $1.044bn, was up 12% at actual exchange rates.

Profit before tax from continuing operations was $679m (2010: US$600m). Benchmark profit before tax was $973m, up 14%.

Basic EPS was 57.9 US cents (2010: 59.0 US cents) and benchmark EPS 70.0 US cents, up 10%.

Net debt was reduced by $126m to $1.501bn. The group made net share repurchases of $349m in the year.

A second interim dividend of 19.00 US cents per share will be paid, to give full-year dividend of 28.00 US cents per share, up 22%.

Don Robert, CEO, commented: "Experian performed strongly in FY11. We delivered against our financial and operational objectives, with strong organic revenue growth, margin expansion and excellent cash flow conversion. Strategically, we are executing well against a series of high-impact growth initiatives, designed to build on our market-leading position and sustain growth in the future. For the year ahead, we expect another year of good growth, and are aiming for organic revenue growth in the mid-high single digit range, modest margin improvement and strong cash flow conversion. Due to strong comparatives in the first half, we expect some variability within this range quarter-to-quarter."

Seems to be locked into a flatish trading range for the time being.
Ex-divi date is the 22nd June '11 (19)

Shore Capital note:
Reports suggesting that regulation in the USA is set to be extended to credit bureaus operating in the country are likely to be correct, in our view. We believe that from 2012, Experian and its peers are likely to come under a similar regulatory umbrella to their clients in banking and financial services; this has yet to be implemented in law, however. The issue is whether this is a significant threat to the credit bureaus.

Our view, based on past regulatory history and present involvement in regulation, is that an extension of banking regulation to these companies is not something to be feared for investors; any impact on our forecasts is likely to be limited and manageable in nature.

StockMarketWire.com
Financial information group Experian said today total revenue from continuing activities was up 15% in the half-year to end-September. At constant exchange rates, revenue from continuing activities was up 11%.

Organic revenue growth was 6%.

Total Group revenue was $2.3bn (2010: $2.0bn).

There was further margin progression. EBIT margin from continuing activities was up 20 basis points to 24.5%.

Total EBIT from continuing operations rose 16%. At constant exchange rates, with EBIT from continuing activities up 12%. Total EBIT was $560m.

Profit before tax from continuing operations was $343m (2010: $283m).

Benchmark profit before tax was $539m, up 20%.

Basic EPS from continuing operations of 25.6 US cents (2010: 19.2 US cents). Benchmark EPS of 38.3 US cents, up 18%.

Net debt was $1.708bn at 30th September 2011.

There was 78% conversion of EBIT into operating cash flow, in the weaker half year for cash generation.

A first interim dividend of 10.25 US cents per ordinary share will be paid, up 14%.