Communisis – 36.625p

19 November – interim management statement

The marketing services group has announced that trading to 30 September continued to be in line with expectations and it is on course to meet expectations for the year to complete a third year of significant growth.  The group also has a strong pipeline of bids which it hopes will be confirmed before the year end for implementation in early 2013.  During the period the group has been involved in the high profile launch of mobile phone group EE, the only one to offer 4G.  The group is looking to restructure some of its operations which will result in an exceptional charge of £1.5m which will be taken in H2 2012.  This will lead to cost savings of £1.3m per annum going gorward.  With profits for 2012 expected to be in the region of £10m for earnings per share of 5.5p the shares remain a BUY.

cityconfidential © 2017 | T&Cs | Privacy | Wealth Warning