Sep 14th 2012 - Edison Investment Research today published a report on Cupid (CUP.L, LSE:CUP, LON:CUP) entitled "'ello, 'ello". In summary, the report says:
Cupid has extended its portfolio of niche dating sites with the acquisition of Uniform Dating, supported by a placing at 200p to fund the initial consideration of £3.6m (of a total, subject to performance, of £7m). This is a fast-growing brand that should benefit from Cupid’s marketing expertise and FLEX technology platform and which could be extended in other group territories. The purchase should be marginally earnings enhancing in the current year; more so in 2013. Our projections show that Cupid’s earnings growth should outstrip its peers, yet the rating is notably lower.
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