Global and domestic growth opportunities for Computershare
Following Computershare’s (CPU) investor day, we added CPU to the Ralton High Yield Australian Shares portfolio.
Investor concerns in recent times have focused on low growth from CPU’s traditional registries business, together with a mixed track record on acquisitions and finally, the threat of new technology, such as ‘Blockchain’ to CPU’s core business. The investor day highlighted an improved capital discipline, the sale and lease-back of CPU’s Abbotsford head office and the future growth avenues for the company.
As an illustration of growth opportunities, CPU recently confirmed a seven-year contract with UK Asset Resolution (UKAR) for mortgage processing services to look after the mortgage assets of the failed Northern Rock and Bradford & Bingley banks. CPU has confidence it can grow this business further in the UK.
Finally, CPU’s presentation around Blockchain actually highlighted the strength of CPU’s technology offering and in time, how Blockchain could actually be an opportunity for CPU.
View the May 2016 performance reports:
- Ralton Australian Shares
- Ralton High Yield Australian Shares
- Ralton Leaders
- Ralton Smaller Companies