gretel
04 Mar 2016
Re: Good results Excellent results indeed, with 5.18p EPS up 12% on last year, and nice to see the share price responding on relatively small volumes - perhaps any overhangs have finally disappeared.Liberum have a 72p target and Finncap a 65p target, so plenty of upside from the current 45p.Finncap were almost spot on with their forecasts, including the 2.2p dividend, and H2 showed good movement in the net debt, though the pension deficit has increased slightly.With "75% of revenues" "underpinned by multi-year contractual arrangements" lasting on average 5 years, CMS should be in a good position to thrive.EPS grew 21% (before currency movements) despite a low contribution from Life and despite there being a small amount of extra shares in issue resulting from the Life acquisition.This suggests the existing business grew by c.20% in the year.So far in 2016 the fx rates have moved strongly in the company's favour. A repeat of the 2015 underlying growth this year would mean eps growth in 2016 could be higher than the current broker consensus. Life should also contribute more.Good to see a Printweek article confirming that currency movements will help CMS this year:[link] coverage and comments from AB here - looks like the EU referendum might provide a short-term boost for this H1:[link] Extract: "Communisis CEO Andy Blundell said growth is coming from new contracts, the renewal of big existing client deals and international growth.“Five years ago we had no business outside the UK. Now a fifth of our sales come from abroad. We have gone where clients want us to go,” he said.“We operate in Paris, Madrid, Rome and Frankfurt. Warsaw is emerging as an important staging post. Turkey is a good market for us and we’ve just opened in Dubai. Firms like Procter & Gamble want their marketing services managed on an international basis.”He estimates that international operations could provide a third of total revenue over the next two to three years." "“We hope to do work for the upcoming EU referendum.”
atex69
03 Mar 2016
Good results Decent results, good hike in divi, could see this trading above 75p in not too distant future
MRBIG
03 Mar 2016
good numbers today
MRBIG
26 Feb 2016
doing alright - expect numbers to be fine next week
gretel
23 Feb 2016
Richard Griffiths above 13% now RNS today - good news. Richard Griffths has added a further 2,081,099 shares to his collective holding over the past month and now has 27,259,092 as the largest shareholder in the company. He has now increased his shareholding by 87% over the past 7 months, from 14.6m (7%) to 27.3m (13%):[link] 2015 trading statement has already stated that 2015 operating profit is in line with expectations, and that 2016 has started well.Expectations are for historic 5.2p EPS (with 2.2p divi), and 5.8p EPS this year (with 2.4p divi).At 44p CMS looks pretty cheap on those fundamentals.
Xophe13
16 Feb 2016
Results Very nervous about results coming out on 3rd March. Signals are that results are around expectations but why is the SP so static?
gretel
04 Feb 2016
Encouraging news flow Nice RNS earlier this week noting that management is being streamlined and two directors leaving - Rushton and Howes earned £875,000 in total between them in 2014, so this will be a not inconsiderable lift to profits....On a current year P/E of only 7.7 based on 5.8p EPS - with a 5.3% dividend yield based on a 2.4p divi - CMS have plenty of upside imho.Liberum have reiterated their Buy and 72p target, i.e 60% upside from the current 45p:[link] new interview with the CEO here:[link] chief confident of sustaining growth beyond 201610:43 26 Jan 2016 The chief executive of marketing firm Communisis (LON:CMS), Andy Blundell, discusses the group last financial year and its strong start to 2016.“We had a very good year last year with performance metrics across the board considerably ahead of 2014,” he said.He said the company is “pretty confident” that it will be able to continue to show year-on-year growth despite challenging macroeconomic conditions, adding its “track record is beginning to speak for itself.”"
Xophe13
29 Jan 2016
Goodwill ammortisation Anyone got any ideas whether CMS might knock another big chunk of amm from their intangibles? the share price took a dive last year when this happened.In theory it shouldnt have an effect on the SP as its just a paper transaction.
gretel
22 Jan 2016
Moving up after good trading update A pleasing update yesterday, making a mockery of the rather overdone share price fall.Nice positive outlook too for the start of 2016.The signing of L&G as a new client, and the retention of Barclays for a further 3 years - "one of the Group's largest clients" - are both excellent news and should have been the subject of a separate RNS to maximise attention instead of or as well as being buried away in the trading update.At 44p CMS remain extremely cheap imo given historic 5.2p EPS and 5.8p EPS forecast this year, and with 2.2p and 2.4p dividends respectively giving an above 5% yield.Liberum reiterate their Buy and 72p target:[link] also featured today in an article in yesterday's Shares Mag about AXA's Ethical Distribution fund..."AXA Ethical Distribution has a long-term investment horizon. ‘Unless something has changed fairly profoundly to a business model we don’t dot in and out of things,’ he says.If a share price declines due to a company being out of favour with the market he will not necessarily dump the shares. Instead, he sees the improving valuation as an opportunity to increases the fund’s stake in the business.Examples of where he has bought more stock in existing portfolio companies on the dips include marketing company Communisis (CMS)"
II Editor
05 Jan 2016
NEW ARTICLE: Stockwatch: Big yield and potential catalyst here " Has the plunge at £86 million marketing agency LSE:CMS:Communisis gone too far? Its five-year chart is a rollercoaster whose volatile recovery in 2013, in line with many cyclical stocks, has not been sustained. Instead of consolidating or ..."[link]
lambrini girl
24 Dec 2015
Re: Another drop >>SELL(51p) 35p target<<<36p was near enuff for yet another BANG ON!! Merry Xmas..
MRBIG
16 Dec 2015
what a dog
Xophe13
12 Nov 2015
Re: Excessive reaction to news ? Topped up today as well.Look at the fundamentals - improving cashflow, increased profits, stronger balance sheet, new contracts won.I suspect the sp will rise steadily over next few months prior to announcement of full results.
Panofscouse
12 Nov 2015
Re: Excessive reaction to news ? I side with the first bit of your two-part question and have just topped up.
annieoldiron2
12 Nov 2015
Excessive reaction to news ? How would you interpret the news today ? Do you see it as :- " This quarter we will increase profits and next quarter we will increase them even more when contracts in progress deliver"Or do you see it as " Profits are disappointing and in decline" ? Make up your own mind and then decide whether this is a buying opportunity.
