annieoldiron2
22 Nov 2016
Prospects ? Andy Blundell has bought a few more shares. Keep an eye on the share price of Lloyd's Bank. The nearer it gets to 72p, the more likely it is that the proposed public share sale will be resurrected, with the prospect of a huge print order for CMS. A rise in interest rates will increase bond yields and help out pension deficits. Stay patient, as I get the feeling that 2017 could turn out well for CMS. Meanwhile the yield will pay you for waiting.
Xophe13
17 Nov 2016
Capital reduction ? Do we see the £22.5m into distributable reserves to help for future dividends as as positive?or is this a sign of desperation?Time will tell when the 2016 results are announced.Also noticed there hasnt been a trading update like there was last November? Royal Mail shares down 7.3% today on the back of poor trade. Will this be similar in CMS?
magadi
10 Nov 2016
Why not buy??? I have held these for some years and am continually at a loss to understand why the share price remains so depressed. Given profitable history, current P/E around 5.5 and PEG of 0.5, forecast P/E and PEG falling further for 2016 and 2017 and with yield of +5% rising to +7% for 2017 and with impressive shareholdings by investors such as Slater and Griffiths etc why is the price not at least 70p even allowing for 'concerns' around strength of balance sheet with significant debt and most of the assets being classified as Intangibles? There are some commentators who see CMS as out of date, relying on printed marketing information, bank statements and cheque books but this is not a fair reflection of their broad range of marketing activities with increasing focus on digital and web-based interactions. At the current level company must be at risk of takeover (Griffiths perhaps). A re-rating should surely be due at some stage when value and prospects are more widely recognised.
Blanketstacker
24 Oct 2016
Worth a tickle? PER = 6PEG = 0.9Yield = c6% (covered x2)Five consecutive years of revenue growth.Interim results in August showed EPS up 20% and gave full results to be in line with expectations.Slater, Artemis and Majedie all hold.The company offers 'integrated marketing services' but has a core of secure printing work, and acts as a billing agent for banks and utilities. There IS a lot of debt, but we are near a four year low. This must be worth a wee bit more, surely?
gretel
09 Aug 2016
RNS : Richard Griffiths buying more Richard Griffiths has added a futher 2.6m shares and increased his stake in the company to 16.5%, or 34.5m shares:[link] nicely now, and on good volumes too including a load of AT (institutional?) buying.As stated elsewhere:"Liberum project eps of 6.0p this year and 6.3p next year with corresponding dividends of 2.42p and 2.61p respectively. Compared to this mornings Offer price of 41p, that represents a PER of 6.8 this year and 6.5 next year with a corresponding yield of 5.90% and 6.35% respectively. Furthermore, their current price target of 71p would still only represent a PER of circa 12 based on current metrics."
annieoldiron2
04 Aug 2016
Re: Good figures today Given the nervous background over the past few months, these results are remarkably good.Not only have CMS achieved an increase in turnover and profits, but even better, they have achieved an improvement in the overall quality of the customer portfolio, continuing to sign up clients of stature. Having established a foothold in the online marketing sector they are effectively hedged if print sector falls away - shrewd move !Managements exceptional spending also appears to be an investment in the future - good longer term planning. Pension deficit needs addressing but management is well capable.Forecast EPS should approach 6p - would a PE of 10 be reasonable ? Backed by a rewarding dividend, CMS looks set for both income and capital gain. I like this one a lot.
gretel
04 Aug 2016
Good figures today Figures look remarkably good! - on track for 5.8p EPS forecasts, against a 34.5p share price - 2.4p dividend on the cards - net debt reduced nicely - international sales up to 24% now - H2 should benefit very nicely from weaker sterling - winning digital archiving work at new clients - new multi-territory agreement with new healthcare client will bring secure income for the next 3 years One or two quibbles including the pension deficit rising and yet more exceptionals - though these will benefit future profits by £3m per annum for a one-off £4m cost, so shouldn't be complaining. Certainly looks cheap at these levels.
annieoldiron2
12 Jul 2016
Printing for Lloyds I hope we are all watching the share price of Lloyds Bank. If (when) it reaches over 72p,HM Govt may trigger the sale of their shares. That ought to trigger a mass of promotional literature and forms from Lloyds or on their behalf. Also a lot of internet based promotion. We have a finger in that pie too. Nice orders for CMS.Despite perception that print is yesterday's method of disseminating information, there are many people in business who prefer the longer life of a physical printed item and lots of information which is best delivered as print. "Put it in writing" is still a valid maxim, hence the volume of work CMS gets from the banks. As UK recharges after the Brexit interruption to normal service, volumes will pick up and CMS will benefit. Cheap at 36p.
MRBIG
12 Jul 2016
no agm stmnt, no pre close stment - WHY?
nk1999
13 Jun 2016
Fund Manager Investment From Citywire:"Burvill seizes on Communisis slumpCitywire AA-rated UK equity veteran Chris Burvill has upped his stake in marketing group Communisis (CMS) following a dire 12 months in which a profit warning knocked 24% off its share price. Burvill increased his holding to just under 10% of the business worth £7.9 million at a share price of 38p, down from a 2015 peak above 56p. The shares are held by the £2.1 billion Henderson Cautious Managed fund, the largest external investor in the business. Burvill runs the equity component of the mixed stocks and bonds fund. Shares in Communisis tumbled in November last year after it said problems with a recent acquisition would drag down profits for the year. Despite a relatively resilient set of numbers in March helping to recoup much of those losses, sentiment has more recently deteriorated again. Analysts remain relatively upbeat on the business however with both Liberum and FinnCap rating it a ‘buy’, on price targets of 74p and 65p respectively. "nk
Xophe13
13 Apr 2016
Share options Very positive that Andy Blundell (CEO) has exercised his share options shortly before Q1 update. Interesting!
Xophe13
14 Mar 2016
Re: Nice tip for CMS today Why the negativity in the SP ?
MRBIG
09 Mar 2016
feels like this has some momentum now
gretel
08 Mar 2016
Nice tip for CMS today in a very positive article from Private Punter on CMS published in the Cambridge News this morning:"Cambridge NewsMarch 08, 2016Private Punter: Communisis investment could be a good callWhile you cannot, so it is said, "have your cake and eat it", investors attempting to satisfy an appetite for both growth and income could perhaps do worse than take a bite of AIM -quoted Communisis. At a current 46p, this provider of personalised customer communication services offers an attractive mix of solid earnings appreciation prospects, backed up by an increasingly attractive progressive dividend. And yet, despite delivering some strong numbers in its preliminary results last week, the shares trade on a single digit forward PER of little more than seven which, in turn, is supported by a yield nudging 5%. Although such seemingly cheap valuations can often imply a muddied forward picture, speaking with CEO Andy Blundell on the back of those results, it would appear Communisis is not only well placed to deliver in the near future, but also the medium-longer term. Communisis works with and for major blue chip clients across both the UK and continental Europe, where it is very much at the centre of multichannel marketing services and everything within that space. This sees the company operating three distinct aspects of its business, where each contributes to annual revenue that is now running in excess of £350m. They are Design, Produce and Deploy which collectively, via a whole raft of services, connect Communisis' numerous clients to their own existing and potentially new customers, further driving awareness and spend. Communisis provides specialist tailor-made web services, to high volume digital printing, along with data intelligence through social networking and content management. However, despite last year delivering pre-tax profits of £14.5m and doubling of free cash flow to £12m, the shares are extremely cheap, trading at half the value of peers. Such apparent investor indifference to a seemingly stark value situation is no doubt in part due to a profits warning late last year, after an acquisition underperformed. This came in the form of Life, a shopping marketing consultancy which, having been acquired less than 12 months earlier, was revealed to be taking longer than envisaged to contribute to the wider group. But, Communisis was quick to renegotiate the earn-out agreement which, combined with the more important wider positive group prospects, may suggest that it really is only a matter of time before the shares benefit from an overdue re-rating. Andy Blundell clearly believes the future looks positive, as he filled me in regarding current strategy and prospects. Having made a number of acquisitions in recent years, holders or watchers of the shares may well wonder what will now transpire, and the CEO was happy to provide some welcome guidance: "Our focus will now be very much one of consolidating the business and the previous acquisitions, with a concentration on delivering organic growth and a continued progression of free cash flow. Arguably though, if something did come up which was really attractive to us and represented good value, it remains an option, but at present it really is about driving that organic growth and reducing debt." Although historically Communisis has been very much UK-centric, more recently it has increasingly been looking beyond these shores and now derives some 20% of its revenue from export, with Blundell predicting 30% over the next two to three years: "We are quite clear about where we are going. We have a winning formula where the various parts are now going to market as one integrated solution, as opposed to isolation of the various arms." And, having extended a reach that has taken in France and Germany, it is now active in Turkey, along with a presence in Dubai. Here, Blundell talks of such regions as the latter providing strong growth, which in turn presents oppor
devonplay
04 Mar 2016
Re: Good results [link] boss focused on growth after “good improvement” in 2015 DL
