Ping! A note arrives from Quest, the cashflow analysis unit of broker Cannacord Genuity.
The writer is James Congdon, the analyst who has consistently predicted cash calls by Aston Martin, the luxury car marque. (see - https://betaville.co.uk/news/bears-paw-astin-martin-lagonda-part-2/)..
Scribblers at Quest are tipping ITV and housebuilder Crest Nicholson as takeover targets for private equity as part of a 'gold rush' period for buy-out firms looking to pick up oversold bargains from the London market.
Yes, you read that right - ITV. Below is a link to The Times piece highlighting Quest's research...
Betaville spends a lot of time talking to top City of London dealmakers even when they are working from home. Most of them say that everything that was being looked at by potential acquirers prior to early March is either off or on hold. Some M&A bankers are looking at moving into restructuring...