The Market Call

The Market Call gives a periodic summary of major macro events, market themes and selected UK company-specific news.

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October 30, 2023

30 October 2023 – Market Prognosticator – Ascential demonstrates hidden value in UK equities

Ascential demonstrates hidden value in UK equities:

In Macro News:

Oil prices, Bond Yields and the Gold Price have all stabilised at elevated levels
German Inflation and GDP data out today
Japanese interest rate decision and EU GDP and inflation data tomorrow

In UK Company News:
CHRY Chrysalis announced its quarterly NAV and trading update
ASCL Ascential has announced the proposed sale of Digital Commerce and WGSN for a total EV of £1.4bn.

Read the accompanying blog: https://progressive-research.com/insights/ascential-demonstrates-hidden-value-in-uk-equities/

This communication is provided for information purposes only, and is not a solicitation or inducement to buy, sell, subscribe, or underwrite securities or units. Investors should seek advice from an Independent Financial Adviser or regulated stockbroker before making any investment decisions. Progressive Equity Research Ltd (“PERL”) does not make investment recommendations.

Opinions contained in this communication represent those of PERL and/or our affiliates at the time of publication and PERL does not undertake to provide updates to any opinions or views expressed. PERL does not hold any positions in the securities mentioned in this communication, however, PERL’s directors, officers, employees, contractors and affiliates may hold a position,  and/or may perform services or solicit business from, any of the companies or related securities mentioned.

Any prices quoted in our research are as at the previous day’s close.