gretel
08 Sep 2017
Tipped as Buy in today's IC Great to see the investment and transformation here to dital and services-based work finally being recognised:[link] and recovery at Communisis -...Given the turbulent history at Communisis, the seemingly-low multiple of approaching nine times 2018's forecast earnings (see table) is slightly ahead of where the shares have been rated in the past few years. That said, the rating still looks low compared with similar media companies and the decent dividend yield helps make the shares a play for value as well as recovery. Buy.Last IC view: Hold, 52p, 13 Mar 2017"
gretel
31 Aug 2017
RNS : Richard Griffiths buys more shares Richard Griffiths has topped up with almost another 3m shares since his last holding disclosure. He now owns 22.7% of CMS with 47.44m shares:[link] almost 23% holding is quite a vote of confidence 
))
gretel
29 Aug 2017
Substantial director share buy RNS - good to see the Chairman buying £50,000 of shares at 53.7p. A decent vote of confidence indeed:[link]
gretel
07 Aug 2017
CMS at forefront of data security New article on Printweek talking about the upcoming data security regulations, how CMS have already addressed these and how some may find them too much....[link] GDPR will be too much for someJo Francis, Friday 04 August 2017 Communisis chief executive Andy Blundell has predicted a shake-out among DM and transactional print specialists because obligations around the upcoming EU data regulations will prove too onerous for some companies.""“We are making our services GDPR resilient on behalf of our clients, and I would expect a significant proportion of our investment overall in future to be in technology and risk-related areas,” Blundell told PrintWeek.“It will probably prompt a further shakeout in transactional print in particular,” he said. “You have to question whether some of the smaller players will be able to live with that. In smaller boardrooms I can see people asking whether they want to do this anymore.”"
gretel
07 Aug 2017
Tipped in Saturday's Telegraph "James Bartholomew's Diary of a Private Investor""Communisis (stockmarket ticker: CMS) is a company which organises mail shots and other communications for big organisations such as Her Majesty’s Revenue and Customs.It has had some difficulties in recent years and the share price fell. But the downtrend may have reached the bottom of the trough late last year and there has been some director-buying. I increased my stake at 48p per share at which level they represent only 7.5 times the current year’s expected earnings per share.There is also a handy forecast yield of 5.7pc."
gretel
04 Aug 2017
HSBC contract win CMS certainly underplayed their hand in not announcing separately the new/additional HSBC work. They could at least have announced it as an RNSNON rather than "losing" it within the interims narrative:[link] wins 5 year HSBC dealStephen Chapman — 4 August 2017 Communisis has won a “significant” 5 year marketing communications contract from HSBC.Its value hasn’t been disclosed, however, it will be of particular importance to the Leeds-based group, having lost the marcoms brief in 2011 to St Ives.Back then, the direct mail contract was worth around £7m.Communisis already provides transactional, content marketing and fulfilment services to HSBC.The announcement was made in the group’s interim results presentation, which also revealed that revenue at Communisis had increased by 6% to £186m, with overseas income making up 30% of the total Group revenue.The company has also renewed “multi-year” contracts with Nationwide, Virgin Money and Co-op during the 6 month period."
Eagerbeaver66
03 Aug 2017
Re: Good, solid results today Good update! Seems to tick all the boxes!
Xophe13
03 Aug 2017
Re: Good, solid results today Got back into these a few weeks ago. As you say a solid set of results, cant really see any negatives. Even the huge pension deficit has been slashed and is more than manageable.Some Data Reform kicking in next April which will have an effect. Not sure which way though! More research needed.Positive cashflow generation and improved dividend policy.
gretel
03 Aug 2017
Techmarketview on digital transition Techmarketview are positive and emphasise the transition to digital:[link] 03 August 2017Communisis, managing the transitionCommunisis, the provider of integrated marketing services, announced results for the six months to the June which showed creditable progress. Revenue was up 6% to £186m and operating profits increased 10%, to £8.5m. They’ve also secured a bank refinancing, got nearer a settlement re their pension scheme deficit, generated £6m+ cash and increased dividends by 10%.Although Communisis has seen its business shift away from Financial Services (80% of revenue 5 years ago to 35% now) this sector is doing well as companies look to outsource more with HSBC signing a 5-year contract for marketing communications and Nationwide and Virgin Money renewing their contracts. Strong growth in FMCG markets has made this the largest customer sector (39%). International business, now 30% of revenue, is also growing strongly, particularly in Spain and Holland.An important shift of the business has been towards “digital”. 15% of revenue 5 years ago, Digital and Services now account for 60% and this proportion will continue to increase. For banks, as an example, the transition to digital is not instantaneous, but will take several years due to legacy issues, regulation and, importantly, customer preferences. Communisis is enabling this transition, having invested in the “traditional” business with more modern, automated facilities in “the print”, as well as working to optimise the (declining but profitable) cheque printing business where it has an 80%+ UK share. Communisis is also investing in “digital” with platforms to manage workflow and to improve integrated outbound communications, such as in the case of HMRC following its contract win last year.Communisis now looks as if it is well-positioned to provide a broader range of services under the “digital” banner, as well as ensuring consistent financial performance from other established business lines and suppporting growth rates with its European operations."
gretel
03 Aug 2017
Analysts see up to 50% upside Liberum retain their Buy and 75p target today.And Finncap retain their Buy and 65p target:[link]
gretel
03 Aug 2017
Good, solid results today with a number of pleasing aspects, including: - increased overseas revenues again - increased percentage of digital/service revenues - 10% increased dividend - new borrowing facilities at reduced cost - reduced net debt again - certainty over pension contributions[link] unchanged expectations for the year of 6.3p EPS - with a 2.6p dividend - means CMS remain very good value at under 50p imo. Particularly given the long-term and recurring nature of much of their work.
devonplay
12 Jul 2017
Long Term PE Am I right that CMS long term PE ratio is 8?Today it's 11?Given the domestic focus, strikes me this this overpriced. That bearish chart implies tha same.35p? I seem to remeber the IC was suggesting HOLD at 37p How your memory/historical data?DL
gretel
28 Jun 2017
News : new scanning facility opens Great to see CMS expanding into scanning and archiving, which offers predictable and recurring revenue streams. The likes of RST trade on very high multiples because of this.Note that the first client is "a major high street bank".[link] Inbound Services expansionPress release • 27 June 2017Communisis invests £1.6 million in Inbound Communication ServicesCommunisis has opened its first commercialised scanning site situated in our Leeds facility. Although we at Communisis already operate on clients’ premises, this is our own dedicated facility utilising leading hardware and software technology.The facility has been designed to allow Communisis to offer our clients the ability to manage multiple inbound communication channels, resulting workflows, compliance and data management so as to provide their customers the best possible customer experience. We work collaboratively with clients to build a solution that meets their requirements in a way that supports their strategic objectives and is adaptable to the changing market environment. Some benefits that our clients will see include: Straight Through Processing (STP) - Automated extraction and validation allows STP, resulting in reduced operational costs and quicker, or near instant customer re-engagement Digital Archiving & Retrieval - Content and case management service, helping to control records and the storage of the images with the associated metadata to ensure client communication agility and data regulation compliance Improved CX – Effective inbound communication and data management allows Communisis to provide the link to client outbound communication systems, which enables a positive and seamless customer experience Secure Document Handling – ISO27001 compliant site is secure with double lock entry systems (via swipe card and access PIN number) with security cameras covering all operational areas. Initial x-ray of items through to secure document destruction ensures total customer information security Forms Design - Improvement to outgoing documents combined with the use of market leading technologies (dynamic PDFs) to enable better automation and STP 24 Hour Operation – Anytime processing ensures that challenging client and regulatory SLA’s can be comfortably satisfied Centralised and distributed scanning – The investment in a hybrid model gives us the ability to scan centrally or from anywhere in the world UK Data Centre – All data is securely stored at our UK based facility The new facility has the capacity to receive and process 300,000,000 physical pages of paper per year generating 600,000,000 images. This is likely to increase to meet future demand. Our first client is a major high street bank and is currently in the ‘proving phase’ and due to go live in November. Alex Morris, Head of ECM Solutions for Communisis says, “This allows Communisis to offer more services to our clients and truly reflects our objective to shape the future of communications for our clients and their customers”.Communisis is an integrated marketing services company which improves communication between brands and their customers. We create engaging content and deliver it across multiple customer touch-points; in digital, broadcast and print channels” He continues. To find out how to maximize the synergies between inbound and outbound for enhanced customer experience and/or arrange a tour of the facility. Please contact: [email protected] or call +44 (0)7814 632072 Look out for our exciting new range of Connect™ Enterprise Content Management products which have been released following the opening of the new scanning suite."
gretel
26 Jun 2017
And another new tip.... Nice to be tipped again. However, it's even better than the below, as the writer is incorrect - the EPS is expected to rise this year to 6.2p EPS this year (from 6.07p last year):[link] seeking generous dividend yields also need to check out marketing giant Communisis (LSE: CMS).Even though the Leeds business is expected to suffer a 5% earnings slip in 2017, its ability to create lots and lots of cash (free cash flow soared 7% in 2016, to £12.9m) is expected to keep dividends rolling higher. Indeed, a 2.6p per share bounty is currently predicted, up from the 2.42p dividend shelled out last year. And the dividend is expected to move to 2.7p in 2018, helped by an anticipated 5% earnings increase. As a result, Communisis carries weighty yields of 5.4% and 5.6% for 2016 and 2017 respectively. And I reckon the company's ambitious growth plans should continue to deliver explosive shareholder returns. These projections are built on extremely solid foundations. Dividend cover rings in at 2.2 times and 2.3 times for this year and next, while the strong balance sheet should soothe the concerns of even the most jittery investors (net debt fell 23% last year, to £30.4m). Communisis is becoming an increasingly important cog in the marketing strategy of the world's biggest companies and institutions, and the firm is casting its net far and wide to bring in new business. Consequently revenues generated abroad leapt eight percentage points in 2016, to 26%. And the creation of a US office this summer could prove a significant step in the company's growth programme."
gretel
05 May 2017
Tipped in Daily Telegraph Nice plug for CMS in the new Diary Of A Private Investor column in the Telegraph:[link] have also bought more Communisis, which has gained big new contracts to send out communications for large organisations such as HM Revenue & Customs."I think this usually gets published in Saturday's print edition if I'm not mistaken, or is it in today's? In either case it should bring in some buying interest.
