Zeus Research says Team Internet Group plc's potential sale of its DIS business "would unlock great value", framing a recent strategic update as a clear opportunity for the stock.
The broker's thesis is that disposing a non-core asset would crystallise hidden value at Team Internet Group, the AIM-listed UK digital services group that supplies domain registration, web hosting, email and website-building tools, after the company disclosed inbound interest last November and has since engaged parties.
Zeus highlights the progress made with a number of interested parties and notes the group's engagement of advisers around the strategic review as evidence that the board is seeking a competitive process.
The broker pins the near-term catalyst on further movement in the sale process, specifically, more competitive bids or an announcement from the Board on next steps.
