For a (very) part-time investor, this is quite time-consuming - but the time to do your homework is at the beginning. Once you have made your purchase, it is too late.
So, let's see what today's hunt's worth. (Couldn't resist it!)
Huntsworth PLC is an international public relations and healthcare communications group operating from 72 principal offices in 30 countries.
Activities are organised under four principal consultancy brands:
- Citigate, a leading financial PR brand
- Grayling, the world’s second largest independent PR consultancy
- Huntsworth Health, integrated healthcare communications specialists and
- Red, one of the leading multi-specialist public relations consultancies
The company is an LSE Small Cap, with a trailing dividend yield of 6%, a dividend cover of 2 and a p/e well below 10.
Huntsworth has ticked along nicely for a while but the main new development has been a buy-in from one of China's largest PR firms, BlueFocus, which agreed to buy 19.8% of the group and the two companies will pursure a common business strategy.
As the Holmes Report observed: "While Huntsworth has stagnated in recent years, BlueFocus has experienced meteoric growth, boosted by its decision to list on the Shenzhen Stock Exchange in 2010. The Holmes Report’s upcoming Global Rankings will reveal that BlueFocus posted fee income of almost $88m in 2012, an eye-catching 40 percent increase on its 2011 revenue of $63m."
In addition to providing an entree to the burgeoning Chinese market, the BlueFocus buy-in has allowed Huntsworth to pay off a chunk of debt.
The Annual Report for 2012 (which predates the buy-in) has a lot more information on what the company does. Now, I don't know much about PR but this sort of international tie-up looks like a major positive move.
We'll see. I hope I did enough homework!
[Purchase price: £0.5885]
I am not a financial adviser and the information provided does not constitute financial advice. You should always do your own research on top of what you learn here to ensure that it's right for your specific circumstances.