LONDON (SHARECAST) - Financial data company Experian has made big money in Brazil since its purchase of Serasa, which has tripled in size since the acquisition in 2007. Total sales in Latin America jumped 27% in the third quarter.
In the other divisions, however, growth is much more mundane and despite the recent purchase of Computec in Colombia Tempus in The Times believes Experian is a strong hold, but at 16.5 times earnings, definitely not a buy.
Meanwhile the Questor column in the Telegraph gives DS Smith the once over in the wake of yesterday’s announcement that the company was spending €1.6bn taking over the packaging business of SCA Group.
The purchase will be funded by debt and equity with a rights issue offering shares at 95p per share. With the deal looking like it will strengthen DS Smith’s geographic reach and the theoretical ex-rights price of DS at 146.1p (or higher, says Questor) the column strongly advises investors to take up their rights.
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