24 October 2011 – interim management statement
Marketing services group Communisis has issued its interim management statement covering the third quarter to 30 September and this has shown that trading continues to be encouraging. New customer wins during the period include long term contracts with Boots UK and Northern Rock whilst a number of existing customer relationships were also significantly expanded, with Barclaycard and Procter & Gamble at the fore. The group has also announced that it is to close its Bristol operation, with work being transferred to other group locations. With the shares standing on a prospective p/e ratio of 6.0x, the shares are CHEAP.