Veda jumps 34% on debut

Shares in data analytics provider Veda Group have jumped 34% after listing earlier today, putting the stock on a forecast price-earnings multiple of 23. The company has much to recommend it, with a dominant market share in some rapidly growing markets. Amongst a few other things, it’s the leading consumer credit bureau in Australia, with a market share of about 85%. It is also the leading commercial credit bureau in Australia and the largest broker of ASIC and Personal Property Securities Register (PPSR) data. Revenues have grown at 9% compound over the past 10 years, and 13% over the...

Shares in data analytics provider Veda Group have jumped 34% after listing earlier today, putting the stock on a forecast price-earnings multiple of 23.

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