Dealogic (Holdings) Plc (LON:DL.) provides technology based products to the investment banking industry. These are mainly used for data analytics and therefore forming strategic decisions. Their products are used by the top 50 investment banks and it has over 25 years of industry experience. More on these products can be found at the company website: http://www.dealogic.com/. Their web site is a little thin on the details but I think their products have a stable demand and see it growing as the M&A market this year is buzzing.
The following overview from Business week may be helpful in understanding their business and products and you can see some more background here.
The company offers coverage of capital markets and corporate finance activity allowing users to keep informed real time of all deal related activity as well as providing a transaction and event management platform, used in all stages of the capital raising process from origination through to marketing, bookbuilding, allocation and settlement. Dealogic Limited is based in London, United Kingdom. Dealogic Limited operates as a subsidiary of Dealogic (Holdings) plc.
I've pulled examples of the kind of data provided by Dealogic and used by investment banks
- Deal dashboard - http://wsj.dealogic.com/SAP-Sybase-683840.htm
- JPM Capital market and corp finance - http://wsj.dealogic.com/WhosNo1Q310-JPM.htm
- Global Rankings - http://www.efinancialnews.com/data/dealogic
Similar services are also offered by Thompson Reuters but, as per my understanding, Dealogic commands more respect as their data is more real time and up to date.
Investment case
The historic and the present numbers paint a pleasant picture.
Financials [1]
Market Cap of £100 million. 52 week high and low – 217 p – 140p. The dividend yield is 4.4%.
Income and Efficiency Numbers: | Valuations: | ||||
Latest | F'cast | ||||
Div Yield | 4.40% | P/E | 10.2 | 9.9 | |
Div Cover | 2.2 | PEG | 0.1 | 2.5 | |
Op Mrgn | 37.80% | Pr/Revenue | 1.8 | 1.6 | |
ROCE | 63.50% | Pr/Book | 1.7 |