St Ives – 105p

27 November 2012 – interim management statement

The group has issued a promising management statement revealing that trading since the end of July has been good.  Although overall revenues are at a similar level to last year, the fact that there has been an increase in marketing services at the expense of commoditised print markets has led to improved margins,  Operating profits are therefore ahead of last year and with a strong balance sheet we continue to rate the shares as a BUY.

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