Citi

Link Administration Holdings

03/04/2023 22:13

** News of successful negotiations of Link Administration
Holdings Ltd  LNK.AX  with Britain's Financial Conduct Authority
(FCA) and sale execution of UK-based Link Fund Solutions (LFS)
unit can be "materially positive" for LNK's share price, Citi
says
    ** Brokerage remains "neutral" on LNK, maintains A$2.20 PT
    ** The Australian share registry firm in February said it
was in advanced discussions with FCA to settle a probe into LFS
and to sell the unit to Dublin-based Waystone Group
    ** If the sale completes, Link should be able to target a
reasonable growth rate - Citi
    ** While the said deal is complex, Link's recent deal
completion track record is poor, brokerage says
    ** Two of 8 analysts rate the stock "buy" or higher, 5
"hold", 1 "sell"; median PT is A$2.20 – Refinitiv
    ** Link stock has risen 6.8% during January-March period, vs
a 2% increase in the benchmark index  .AXJO 

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))