LDNXF - London Stock Exchange: Upside At The Right Price But Not Here
2024-06-06 22:00:21 ET
Summary
- London Stock Exchange Group (LSEG) is a solid investment with strong fundamentals and margins.
- LSEG has underperformed the broader market but has potential for growth in capital markets, data & analytics, and post-trade services.
- The company's valuation is currently unattractive, making it a "HOLD" recommendation.
Dear readers/followers,
Back in November of last year, I covered the Stock market operator London Stock Exchange ( OTCPK:LDNXF ) ( OTCPK:LNSTY ). I have a history of focusing on operators such as this, with investments into both German and other European stock market operators and brokers, including some newer ones which are mostly digital. Brokers are, to my mind, a very good investment at the right price. Being a company that earns based on someone simply "transacting" is always a good thing - and this is what these companies do.
The London Stock Exchange Group, therefore, with its position in one of the major financial hubs in all of Europe, can be thought of as a very attractive play at the right price, provided their tradition of fundamentals and margins continue unchanged at the high pace and quality we've been seeing. ...
London Stock Exchange: Upside At The Right Price, But Not Here