BREWIN Dolphin’s latest piece of equity research is an interesting read. It relates to the London listed company with shares trading under the ticker EFT. Not familiar? To give you some clues, its share price is currently 2014p with a 12-month rating of “outperform” and it’s CEO is a Hodgson – yep, it’s the England Football Team.
Here’s more on the outlook: “Strong performance against Honduras and confident statements from CEO Roy Hodgson indicate that the team has the ability to gain market share from its rivals, despite competitive pressures building from well-established market leaders.” Arf, arf.
The note also makes reference to an EFT investor call, in which Hodgson brushed off queries about the performance of the “Rooney Unit”, which has had output below expectations.
For those concerned about the performance of EFT this quarter, here are some reassuring stats from the Brewin boffins. “England has the 3rd highest GPC ratio (goals per cap) in the competition. The team’s average age of 26.1 is lower than that of investor favourites Brazil and Spain (both 27.8) and Argentina (28.5).”
Well, there you go – EFT heads for the FTSE 100.