Argus Research Selected by London Stock Exchange to Participate in New
Research Venture
NEW YORK, May 19 /PRNewswire/ -- Argus Research Company, an independent
equity research firm based in New York, has been selected by the London Stock
Exchange to provide research on smaller quoted companies on the Exchange's
markets.
Argus will produce reports for a new service, called PSQ Analytics,
designed to open up equity research to smaller companies. Reports will be
available free to investors and will follow a fixed format to facilitate
standardized comparisons of covered firms. In addition to Argus, the Exchange
has also selected Independent International Investment Research plc, based in
London, and Pipal Research, based in Chicago, to provide the service.
Reports from the PSQ Analytics offering will be distributed through a
dedicated web portal, which will also provide companies with information about
the benefits of the new service. To ensure the widest possible distribution,
the reports will also be available through Bloomberg and Thomson Reuters.
The initiative has a target audience of more than 1000 companies and
coverage will be optional for smaller firms on the Exchange's Main Market and
AIM. The cost of coverage is expected to be approximately 10K pounds Sterling
per year (US$19K), and will be paid by companies on a flat-fee basis to ensure
the independence of the published research. To further promote impartiality,
participating companies will be allocated to one of three providers on a
predetermined basis.
In commenting on the new service, John Eade, CEO of The Argus Research
Group, Inc. said: "Argus is pleased to be selected by a world-class
organization as a partner in an innovative program that increases information
available to investors."
In the Exchange's announcement, Martin Graham, Head of AIM and Director of
Equity Markets for the London Stock Exchange, said: "We are delighted to be
launching this initiative with three highly regarded research suppliers --
Argus, IIR and Pipal. We are also pleased to be supported by the two largest
data vendors in the world, Bloomberg and Thomson Reuters."
The PSQ Analytics service is expected to launch in September.
About Argus Research Company:
Founded in 1934, Argus is a leader in independent equity research,
offering in-depth economic analysis as well as forecasts and ratings on more
than 700 U.S. and international firms. Argus employs a rigorous six-step
process to analyze companies, and provides clients with regular updates
through consultation and conference calls, online publications, and more than
4000 individual research reports a year.
As an independent research firm, Argus does not bring companies public,
advise on mergers and acquisitions, broker trades, or make markets in stocks.
That independence allows Argus to make critical judgments that might not be
possible were Argus competing for underwriting business. Argus'
recommendations are based solely on an evaluation of each company's value,
risks, and future prospects.
Companies of The Argus Research Group, Inc. include Argus Research Company
(based in New York), Argus Investors' Counsel, Inc. (based in Stamford, CT.),
Vickers Stock Research Corp. (based in Glen Cove, NY) and Argus Vickers
American Equity Research Limited (based in London).
SOURCE Argus Research
John Eade, CEO, The Argus Research Group, Inc., +1-646-747-5445,
jeade@argusresearch.com
