Report
Michael Field
EUR 100.00 For Business Accounts Only

Split but Not Broken, G4S Remains Our Best Idea in the Security Space

No-moat security giant G4S announced Dec. 13 that it intends to split the group in two, separating the secure solutions business, which encompasses mainly guarding activities, from the cash solutions business. Despite showing tangible signs of improvement since the management overhaul in 2013 and a subsequent restructuring program, one-off issues have plagued results for the last 12 months, causing a loss in investor confidence and sending the share price tumbling almost 50% to its recent Novemb...
Underlying
G4S plc

G4S is a security company that provides security and related services. Co.'s Secure Solutions products are comprised mainly of manned security and facilities management services, and its Cash Solutions products are comprised mainly of physical cash management services. Within the Secure Solutions services, Co. also provides: technology services, comprising the supply, installation and monitoring of alarm systems, and security and building systems technology; facilities management; and care and justice services. Within the Cash Solutions services, Co. also provides technology services to retailers, comprising hardware and software for customer cash management and related services.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Michael Field

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