Equiniti Share Discussion Threads

[simon gordon] 06/1/2021 11:17

Mas,

Wonder why they've picked him? 10 years at Secure Trust and share price has gone nowhere, did peak at over 3000p in 2015 but is about the same as when he started. 900p.

At first glance, he looks underwhelming.

[masurenguy] 06/1/2021 08:35

This caught my eye - an interesting appointment. Paul Lynam appears to have the experience and potential to drive this business forward once he is in the hot seat. The shareprice has halved over the past 12 months and is nearly 70% below it's ATH 3 years ago.

Lynam was CEO at Secure Trust Bank for circa 10 years. Prior to that he was MD of Banking at RBS where his prime responsibility was for the SME business in the UK within both RBS & NatWest. At Lombard North Central, he was MD for 4 years and led what was then the largest asset finance and asset management company in Europe. One for the watchlist !

[pete160] 04/1/2021 23:00

Surely EQN has to be a pick to be taken over in 2021?The current management seems completely inept at maintaining, let alone creating, any shareholder value.I would be tempted to double my stake if it weren't for the fact that I've lost half of my original value getting to this point!

[vacendak] 14/12/2020 13:38

My Shareview account will become EQi in January. They seem to be retiring Shareview.
I just got an email notification.

[simon gordon] 28/11/2020 18:11

Strategic Equity Capital - 1/10/20:

Equiniti

Description

Is a business services company providing administration, processing payments services and technology products typically to large publicly listed companies in the UK and US. It is one of the three main share registrars for UK quoted companies. It administers company benefits schemes and share savings schemes. It also provides software and services to help manage the administration of company and public sector pension funds. Following a buyout by Advent the company added to its product and service capability through a number of targeted acquisitions.

Thesis

The business has a strong combination of stable, long-term, non-discretionary corporate services alongside offering proprietary technology-based solutions to growing regulatory requirements. This enables the business to generate strong underlying margins and cash flows. The company has entrenched leading market positions in the UK and now the US with the potential to create strategic value. Following a period of investment and headwinds to the business, the company has potential to re-rate or, if value is not recognised on the public market, to become a takeover target.

Developments in the period

Cash flow has been depressed by the integration of the US business and more recently reductions in interest rates and weak end markets. Whilst entering 2020, the company appeared well set to continue the improved cash generation from the end of 2019, the cut in base rates and collapse of capital markets has had a deleterious impact on the company. These challenges have been navigated without the need for external support and while maintaining a strong customer and market position.

[vacendak] 15/11/2020 16:07

They were not alone apparently.
EQN is only a third, or even less, about trading platform.
That being said, I am getting a bit tired of defending them too at the share price the group is currently at. :(

[slicethepie] 09/11/2020 17:30

The useless selftrade / equiniti share trading platform once again fails to allow trades. Should be investigated by the fca not fit for purpose !

[vacendak] 06/11/2020 16:51

... and we are below 100p as per the latest poor update.

[ochs] 31/10/2020 18:57

Isn't the current issue that there's a lot less admin to sort with so many companies suspending dividends and therefore also DRIP schemes and such like?
However you'd think that side of the business would start recovering by Spring 2021, so it shouldn't be a long term issue.

[vacendak] 31/10/2020 16:27

Thanks for the commiseration.

When I got into this, I thought that it would be the same as an IPO for HMRC: Taxes are forever, EQN's business was like taxes: "Registrar to 70+% of the FTSE 100" means pretty big f*ing business moat/pricing power/oligopoly... I just do not understand why this is now flirting with a 100p share price

[firtashia] 30/10/2020 17:27

Over several years I've had the misfortune to have to deal with this lot when extracting shares from my company SAYE schemes. Let me say its certainly not a company I'd want to deal with on a voluntary basis. Genuine sympathy for the PIs here but none for the business whatsoever.

[vacendak] 09/9/2020 11:21

Like many, I still fail to understand the share price sinking lower and lower. The linked article just reiterates what the last updates have given us:
* Suspended divi.
* Debt load, but slightly improving.
* Putting a stop on acquisitions.

[nicd] 31/7/2020 12:29

That was one hell of a mark down yesterday Back up 10% today

[vacendak] 30/7/2020 11:16

+1 on that.
The share price was heading for the Moon back then.

[pete160] 30/7/2020 10:45

I agree that the divi should have been kept but unfortunately the management here appear quite 'accident prone' (meaning useless). Fortunately not a big holding here for me but still kicking myself that I didn't sell at £3 a few years back.

[vacendak] 30/7/2020 09:35

The only positive thing is the debt going down slightly... but the divi is gone.
I would have thought that an IT company like this would have been more resilient when facing the Wuhan virus.

[pete160] 21/7/2020 06:56

Interim results on the 30th July

[pete123456] 20/7/2020 11:03

when are the resuilts due? i thought it was today.

[vacendak] 23/6/2020 16:06

Wake me up when it is back above 250p. :)
Too many hopes dashed, it will most likely be back hovering between 200-220 for months on end.

[yf23_1] 23/6/2020 15:58

Movement at last !

[mattboxy] 13/6/2020 09:01

9 June 2020ZoomInfo appoints Equiniti for Wall Street IPO · Technology firm, ZoomInfo, appoints Equiniti as transfer agent for its IPO· Largest tech offering in 2020· Raised $935 million USD in the offering EQ US, a division of Equiniti Group plc ("Equiniti"), an international technology-led services and payments specialist, is delighted to announce its appointment as transfer agent to ZoomInfo, which priced on NASDAQ on 4 June 2020 and closed the IPO on 8 June 2020. Headquartered in Vancouver, Washington, ZoomInfo is a cloud-based market intelligence platform providing B2B databases and automation tools for sales and marketing teams. On listing, shares increased by 62% to represent a market capitalisation value of $8.3 billion. Todd May, Chief Executive of EQ US , commented:" We're pleased to have been appointed to assist ZoomInfo with its IPO as it moves forward as a public company. Our responsiveness, technology platforms, flexibility, and expertise reinforced ZoomInfo's decision to appoint EQ US as its transfer agent. ZoomInfo's highly successful IPO further demonstrates EQ US's superior capabilities, attention to detail, and deep understanding of the listing process."We continue to invest in our employees, services and technology, the vital elements of our market-leading proposition, which continues to drive more companies to choose EQ US for its serv

[yf23_1] 05/6/2020 23:40

I bought this in mid-march and its the only stock not recovered since then.
I thought they were quite proficient with my SAYE rebate and seemed to hsve good tech behind it.
I thought they would be a decent defensive play.

[vacendak] 05/6/2020 21:23

I have had my ISA with them for years and never had any problem.
That being said, a lot of people do complain about them, so I could be lucky.

I am more concerned about their ever positive statements, as well as the ARs they put out, and the lack of correlation with the share price. Sure, they were saddled with debt at IPO time, but that bit is now becoming distant history.

Talking about IPO, we are now below the IPO price. For a near monopoly with huge moat, the share price should not be where it is now.