Business
Activist investor Gatemore calls on UK pollster YouGov to explore sale
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(Reuters) -Activist investor Gatemore Capital on Wednesday urged British polling and
(Reuters) -Activist investor Gatemore Capital on Wednesday urged British polling and research company YouGov to conduct a review of its business and initiate a sale process.
Gatemore attributed the company’s share price performance to operational missteps. YouGov’s shares have fallen 63.7% so far this year.
Some concerns outlined by Gatemore, which has a stake of around 1% in YouGov, include the pollster’s failure to provide timely financial forecast and a lack of clarity on achieving mid-term targets.
YouGov did not immediately respond to a request for a comment.
We are deeply confident in YouGov’s fundamental strengths and long-term potential,” said Liad Meidar, managing partner at Gatemore. However, urgent actions are needed now to help the company chart a path towards realizing its intrinsic value.
In April, Gatemore had called for British specialty chemicals firm Elementis’ board to review its operations and replace the CEO amid a fall in the share price.
(Reporting by DhanushVignesh Babu in Bengaluru; Editing by Shreya Biswas and Shounak Dasgupta)
An activist investor is an individual or group that purchases a significant stake in a company to influence its management and operations, often advocating for changes to increase shareholder value.
The share price is the current price at which a single share of a company's stock can be bought or sold. It reflects the company's market value and investor sentiment.
Intrinsic value is the perceived or calculated value of an asset, based on fundamentals, rather than its current market price. It reflects the true worth of a company or investment.
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