gretel
16 Oct 2015
Richard Griffiths is buying more CMS Richard Griffths has added a further 2.8m shares, which has increased his collective stake to 17m shares. He now has an 8.2% shareholding in the company.He has quite a following in the City. With any luck we should this should inspire more buying as a result.
gretel
28 Sep 2015
CMS tipped by ex-fund manager CMS has just been tipped by John Rosier, who runs a subscriber-only investment portfolio and has a blog here:[link] think John has a bit of a following - and more importantly, the Daily Mail runs a monthly column from him on his portfolio, so CMS should get a nice push from his next column.I'm not a subscriber, but did get a free month's registration recently from an offer, coinciding with his CMS tip which seems to have been published on Friday.I won't publish the tip details yet, but he's aiming for 70p.This is an extract from his bio: "I enjoyed the first 14 years of my career at Fleming Investment Management, initially as an analyst and then as a UK portfolio manager; in 1997 I was appointed Head of UK Equities. I was a director at Henderson Global Investors from 1998 until 2004, before moving to the West End and working for two hedge funds. My investment career at Flemings and Henderson was focussed on managing UK equity portfolios for corporate and local authority final salary defined benefit pension schemes as well as the reserve fund for the NSPCC." He started his portfolio in 2012 and it seems to have done pretty well (he does publish all his transactions).
MRBIG
04 Sep 2015
up today in a weak mkt..
gretel
07 Aug 2015
Finncap initiate, NOT WH Ireland! Apologies, it's Finncap who've today initiated coverage of CMS with a Buy (slip of the keyboard!). They have 37% upside to their target price, which must be around 67p-70p: "Communisis: Invest in blue chip growth (BUY) Communisis has invested £52m into front-end design services and securing and mobilising long-term contracts with blue chip clients. The return on this investment supports 14% pa average EPS growth over the next three years, on our estimates, but as the contract wins are for 6-10 years, it also provides longer-term visibility. With the shares valued as if growth prospects are minimal, at 8.8x 2015E earnings and with a dividend yield of 4.5%, we initiate with a Buy and 37% upside to our target price"
gretel
07 Aug 2015
WH Ireland initiate saying Buy Excellent news - WH Ireland have today initiated coverage of CMS with a Buy and 37% upside to their target price, which must be around 67p-70p:"Communisis: Invest in blue chip growth (BUY)Communisis has invested £52m into front-end design services and securing and mobilising long-term contracts with blue chip clients. The return on this investment supports 14% pa average EPS growth over the next three years, on our estimates, but as the contract wins are for 6-10 years, it also provides longer-term visibility. With the shares valued as if growth prospects are minimal, at 8.8x 2015E earnings and with a dividend yield of 4.5%, we initiate with a Buy and 37% upside to our target price"
gretel
05 Aug 2015
Re: Liberum initiate coverage : 75p target Further details.....Liberum are projecting eps next year of 6.5p and a dividend of 2.3p. At todays closing price that puts CMS on a forward PER of just 7.5 and a yield of 4.75%.They expect operating margins to increase to 7.8% by the end of this year and 8.4% next year, and that they will subsequently achieve their target of 10% after discounting zero margin pass through sales. They are also projecting FCF of £10.9m this year and £13.9m next year, after investments in new contracts, which will provide more than 2 x cover of the increasing dividend.In particular, they also believe that CMS are currently in discussion with several global brands over potential multi-million pound pan-European contracts and have already commenced running some pilot programmes.
gretel
05 Aug 2015
Bullish new interview New interview with AB here - sounds very positive:Http ://www.proactiveinvestors.co.uk/companies/stocktube/4025/communisis-chief-on-european-expansion-and-growth-opportunities-4025.htmlSome interesting quotes:Sales"In terms of actual demand (in Europe) the growth and demand is extremely strong"Cash Flow"We've increased our free cash flow by £5m in the first half and for investors that is one of the most important numbers"Debt"We do know that if the business carries on delivering the kind of growth that it is doing then we would remove all of our debt within a couple of years. Now whether or not that is the right strategy for the business, given the growth opportunities that it has got, remains to be seen but from an executive board point of view we are very comfortable with the reducing level of debt that we are now seeing but most importantly we are seeing strong growth in terms of free cash and that is the key point"Dividends"It's my 13th six month period and we've increased it every time. We've just increased it by 9% in our recent in terms of our interim dividend and it is generally weighted one third/two thirds so whilst making no commitment obviously people can take a view on that for a full year trend. Dividends are very important to a lot of our investors both institutional and private clients and we intend to pursue a progressive dividend policy"Acquisitions"90% of our growth within the past 5 years has come organically and that says a lot about our client relationships and strength in the market. Acquisitions are being used very selectively to augment our skill base where we want to do other things for our clients which we just don't have the skills to do."
gretel
30 Jul 2015
Liberum initiate coverage : 75p target Their forecasts are:2015 - EPS 5.7, DPS 2.12016 - EPS 6.5 DPS 2.3At the current 50p, both the P/E and divi yield mark CMS out as extremely cheap. There is a seller or sellers around - which makes this a buying opportunity imho.
mcescher
30 Jul 2015
Communisis fundmentals report With a PE of 13.8x, what are peoples opinions on whether CMS is good value? I've been researching on here [link]
gretel
30 Jul 2015
Good interim results today A decent performance in the seasonally weaker H1, with PBT, EPS and cash flows improving nicely.Most importantly, the outlook is very positive, with confidence shown in the year end outturn.Some significant new multi-year contractual relationships secured too, particularly AXA, with extensions from EE and a major utility. Plus a "strong pipeline" with European blue chips.Margins will have been slowed by the currency headwinds, so not too bothered about that as these will reverse over time and margins improve towards the stated goals.Above all, CMS is simply cheap in P/E and divi yield terms at these prices.Hopefully these results - and the confidence for the year as a whole - will spark a bounce back.
MRBIG
30 Jul 2015
Numbers look good, profits, debt, divi. And appointed new broker.
MRBIG
17 Jul 2015
one of the most lowly rated stocks in the market
MRBIG
07 Jul 2015
this could double in next year
gretel
07 Jul 2015
Decent trading staternent Good news that the core business is obviously doing fine, and trading is in line at constant currency.Forecasts this year are for 6.6p EPS - with a 2.2p dividend. If they make say 5.5p-6p EPS given the currency headwinds, that still leaves CMS trading on a bargain rating.At that level a 60p share price could certainly be justified, and if currency headwinds were to abate later in 2015 you could go for say 80p-90p looking forward to 7.6p EPS forecast for next year.The "pilot activity" with new clients sounds encouraging and will hopefully lead to contract news.
MRBIG
07 Jul 2015
reassuring stmnt after recent drop, on pe of 7 this is undervalued
