Product Breakdown: Full Spinoff Analysis

For the larger, Institutional Investor…

Unique in offering, we currently have over 50* Pure Corporate Spinoffs on the Calendar worldwide.
We have covered 16 in 2010 to date, with 40-50 pages written on each Spinoff ahead of event, fully valuing the Parent & Spinoff.
* As of January 2011.

Announcing the Spinoff directly to you

As soon there is an announced Spinoff, The Spinoff Report^® will send out an email detailing the announcement and any information that is relevant including important event dates and share ratios, etc. In addition, periodic emails containing any relevant information to past, current or future Spinoffs will be sent out.

New idea generation

The Weekly News captures the global media for Spinoff related information. This has proven to be a valuable resource for clients to aid in the sourcing of ‘new ideas’ as well as keeping pace with latest newsflow and idea generation within current Spinoff names and special situations

Unique / Company Snapshots

Published monthly and by region (EU, US and Global), in chronological order and covering all sectors, the Calendar uniquely tracks and monitors up and coming Spinoffs on a rolling 12 month Outlook. Each Calendar will contain a full one-page overview of each Corporate Spinoff (Company Snapshot).
Each Snapshot details information on the: Parent company, Spinoff entity, event summary, revenue splits, geographic locations, share prices vs. base index, deal rationale, associated tickers, share ratios, latest headline figures, timetables of important

(Pre Event) Our clear edge and pre-event conviction

On the run up before the full analysis, we give our initial conviction view (incidentally, these are similar to the Calendar Snapshots). The views expressed within the Conviction Note are the most current, with some of our analysis inside for an early preview.

(of Parent & Spinoff) Always produced before the Event

By Region: US, EU & Global
We take a Deep-Value/Private Equity style approach to our analysis.
Fundamentals: Detailed analysis of Parent and Spinoff entity.
Technicals: Valuations of both entities pre and post split. Detailing our DCF, LBO and comparative peer valuations, including relative and external forces, while focusing on identified index moves, highlighting any forced sellers and buyers.
Insiders: Unique to us, each research report will cover all recent activity regarding insider, i.e. directors’ dealings, focusing on the new management employee contracts and incentive plans to grow the company, including their options and what they are priced at.

(Coverage)

We track and analyze the Spinoff entity for two consecutive quarters after. Analyzing and covering all results, major newsflow and insider dealings.
Subject to entering our TSR Model Portfolio, we will also cover the Parent company.

(High Convictions)

For accountability, on a monthly basis, we supply our clients with the charted performance of our research and recommendations combined and tracked.
We base this performance against all major world indices, choosing the S&P 500 and MSCI World Index as our preferred Benchmarks. Our Portfolio has outperformed both the above Indices by over 80% since 4Q 2007. For the latest Performance, see our Research tab or enquire directly to research@spinoffreport.com

We have six permanent CFA level analysts as such, TSR clients are able to discuss and liaise with our team regarding all published research, at anytime.

Providing research all our research to the present date, this offers our clients both the access and opportunity to review, download and analyze research from the past.

We actively speak to our clients, ensuring they are aware of our selected high-conviction ideas.

We carry leading depth analysis and research into Corporate Spinoffs. As the recognised leader in the space, to add value we consult clients of our sector and geographical based studies on spinoffs, highlighting any compelling and newly understood trends in the market worth acknowledging.