thirty fifty twenty
26 Aug 2016
analysis at 100p creston has always been cheap.....and of course maybe this time it is different....for me, im liking the new mgt, and the increasing profitabity,debt has been eliminated and so even if there is a downturn CRE is well placed.there is no doubt they throw off lots of CASH,and have a high divi yield, which hey will maintain to keep investors happy and any take overs at bay....to me the market is looking for CASh gnerating companies that pay out divis and thus are an attractive equity relative to gilts.... CRE fits that description very well.And the analysis is all supported by the recent chart break of the downtrend on high volume.All IMHO, DYOR + BoLCRE is in my top5 hldgs
gretel
22 Aug 2016
New partnership with HealthUnlocked News - CRE's Health Unlimited form a partnership with a social network used by 40 million people every year:[link] Unlimited forms partnership with HealthUnlockedAims to drive organic and new business for the agency and social networkHealth Unlimited has formed a partnership with HealthUnlocked, the world's largest social network dedicated to health, to bolster its consumer insight and engagement services.The UK-based marketing communications group said the tie-up would drive organic and new business for both sides and enable clients to access best practice patient recruitment, retention and engagement programmes.HealthUnlocked is used by more than 40 million people each year and has over 600 health-specific online communities, which are owned and moderated by patient organisations across the world. Nicky Walsby, executive director of Health Unlimited, said: “HealthUnlocked occupy a unique space in the healthcare market. The importance of direct-to-patient engagement will only increase as market access challenges continue to prevail, particularly in the costly chronic diseases area.“Patients want to be engaged in decisions affecting their care in a timely and authentic manner. Our partnership with HealthUnlocked will support our strategy to build a best in healthcare consumer engagement capability that delivers real value for people living with any healthcare condition.”Health Unlimited, which is part of the Creston Unlimited group, said the partnership would also create referral opportunities for HealthUnlocked across other areas of its parent company's operations. And it noted that the London-based social network is already working closely with Creston's full service market research agency ICM Unlimited.etc"
toytaker
30 Jul 2016
Move up Good move up this week. Back in the black for the first time in a while. Long may it continue up. Not a bad end of your report I think.GLTA
gretel
09 Jun 2016
Contract win with Sony today CRE's agency Fever win more long-term work from Sony today....[link] PlayStation hands EMEA PR controls to FeverAdded 2 hours ago by Sam Burne JamesFever - which already handled UK PR for Sony's gaming range PlayStation - has been appointed to represent the brand across EMEA as its retained agency.""One of Fever's first roles will be publicising PlayStation VR – a new virtual reality system that will launch in October. The agency described the contract as "long-term". Sony Computer Entertainment Europe comms director David Wilson said: "With Fever …"
Simbr
08 Jun 2016
Re: RNS : Artemis buying, now above 15% Liberum's note out this morning, scraped from Research Tree: "Creston reported FY prelims this morning with headlines that exceeded revised expectations with the exception of revenues that were in line. Solid cash generation led to a 5% dividend increase to 4.4p and shows that the immediate actions taken by management on the back of a more challenging Q4 were fruitful."
Simbrad
08 Jun 2016
Liberum's note out this morning, scraped from Research Tree: "Creston reported FY prelims this morning with headlines that exceeded revised expectations with the exception of revenues that were in line. Solid cash generation led to a 5% dividend increase to 4.4p and shows that the immediate actions taken by management on the back of a more challenging Q4 were fruitful."
gretel
08 Jun 2016
RNS : Artemis buying, now above 15% Holdings RNS just out - Artemis have bought another 535,000 shares in CRE. They now own 9.18m shares, or 15.64%.Together with DBay they now own almost 44% of CRE.....[link]
gretel
08 Jun 2016
Re: Results today ahead of expectations The results are pretty decent imo considering the slow H1 with only 4.98p EPS. H2 produced 7.04p EPS, which annualised would bring over 14p EPS.The most recent forecast for this year is consensus 12.08p EPS, with a 4.4p dividend.That's a P/E of just 7.7 and a 4.7% divi yield at 93.5p.This H1 should be in line at worst imo given (1) the football Euros, (2) the US elections, (3) the Euro elections with ICM heavily involved, (4) the operating cost reductions introduced last year and (5) the new client wins last H2 in partiuclar, including Vodafone, Sony Mobile, BA, Weetabix etc where marketing campaigns should start to be implemented this year.
gretel
08 Jun 2016
Results today ahead of expectations Results are out, and are ahead of expectations.The headline 12.04p EPS compares to forecast 11.3p EPS, and the 4.4p dividend is right at the top end of forecasts.The goodwill write-offs are non-cash and were already signalled.And CRE is now in net cash, with a £1.4m cash pile. Perhaps an acquisition or two to come.Incidentally, CRE's top 20 clients have an average 10 year retention rate (got my 10 and 20 mixed up earlier!) - highly impressive.The CEO says the business is in "good health", signalled by this paragraph: "Particularly positive is the growth in business from clients completely new to the Group and its agencies. These brands, which make up 63 per cent of the total annualised new business revenue, provide good opportunity for future growth. New business wins in the period include CRM strategy for the Vodafone Customer Value Marketing account, an appointment as Sony Mobile's global lead digital strategic agency, Creston Unlimited's appointment as British Airways' CRM and data strategy adviser, the local marketing of Bosch Home and Garden, and the CRM and digital strategy for Weetabix."
gretel
03 Jun 2016
Results due next week Results are next Wednesday, which we know will be in line with expectations and with a £1m cash pile. Consensus forecasts are: last year : 11.3p EPS, 4.2p dividend this year : 12.08p EPS, 4.4p dividendGiven the average 20-year client retention rate, and the blue chip client base, I'm positive CRE will be taken over at some point. In the meantime the divi yield, cheap fundamentals and decent prospects for the year ahead (Euros, Olympics, US elections, Euro elections) mean I'm happy to hold.
forwardloop
30 Apr 2016
info Shares mag buy courtesy of allaince trustCashed up CrestonA strong balance sheet provides comfort on progressive dividend policyTom SieberThe better than expected year end net cash of £1 million reported by PR and marketing outfit Creston (CRE:AIM) in an otherwise in-line pre-close trading update (18 Apr) underpins a decent looking prospective dividend yield of 4.1%. After a period of weakness prompted by two relatively mild profit warnings around the turn of the year we think the market is being too pessimistic on the company’s prospects. We see scope for a re-rating as this perception changes. Trading at just 8.9 times March 2016 earnings per share, research house Edison puts the stock at a 32% discount in enterprise value to earnings before interest, tax, depreciation and amortisation terms to its quoted marketing services peer group. Asset manager DBAY Advisors, represented on the board by non-executive director Iain Ferguson, has taken advantage of this discounted valuation to bolster its position as the company’s largest shareholder, raising its holding to 28%. In January Creston warned project delays and client cut backs in its fiscal fourth quarter would see revenue flat year-on-year in the March 2016 financial year at £83 million with pre-tax profit slightly down on the March 2015 level at £9.9 million. This compared with earlier consensus forecasts for £85 million and £11.1 million respectively. The company had previously issued a growth warning alongside soft first half numbers in November 2015. Chief executive Barrie Brien felt able to point to a ‘more stable outlook’ for clients alongside this latest update suggesting full year results could even come in slightly ahead of re-based expectations when they are posted on 8 June. The success of actions taken to reduce costs in the wake of the January warning is reflected both in a very healthy balance sheet and guidance for stable margins of 12%. Further reassurance in the management commentary which accompanies the numbers could act as a timely catalyst. The latest quarterly IPA Bellwether Report revealed a fairly resilient UK advertising space with ad budgets up 3% for the 14th successive quarter of consecutive growth. The uncertainty over the 23 June referendum on UK membership of the European Union is balanced by major sporting events like the Euro 2016 football tournament and the Rio Olympics.Shares says BUY : "External factors have undermined Creston but this now looks fully priced in at 105.6p. House broker Liberum’s price target of 170p implies upside of 61%."
gretel
29 Apr 2016
News - CRE win industry award Big kudos for CRE just announced[link] April 2016 - 10:49pm | posted by Stephen LepitakIPG Group and Creston named Holding Companies of the Year at RAR Awards InterPublic Group (IPG) and Creston have been named as the Holding Companies of the Year in their individual categories by the Recommended Agency Register (RAR) Awards 2016. IPG was named as Holding Company with £1bn + Turnover while Creston won the corresponding category with less than £1bn Turnover.... ...The RAR awards are based on client recommendations and reviews of their agencies, with satisfaction scores used as a measurement for success. Client ratings are collected for criteria such as creativity, effectiveness, strategic thinking, client service, etc. Said Steve Antoniewicz; MD of the RAR: “The response from agencies and brands this year has been incredible. The finalists and winners deserve huge credit for their achieving superb levels of performance and satisfaction for their clients.“These awards continue to be a real indicator of the most trusted agencies, not just in the UK but now internationally. Congratulations to everyone and special mention to our Grand Prix winners and to IPG and Creston who have proved a high level performance right across their groups.”"
gretel
27 Apr 2016
And another client win - a biggie L'Oreal are a pretty impressive new client, and it sounds like there may be more to come...[link] "TMW Unlimited picks up L'Oreal briefs by Gurjit Degun April 21, 2016L'Oreal, the beauty company, has appointed TMW Unlimited to handle its integrated ad business for three brands.TMW will work on the Clarisonic brand, which produces a range of facial cleansing brushes, and haircare brands Redken and Kératese.The agency has also won a place on the LOreal roster. There is no incumbent on the accounts.LOreal put a tender out for the brief in September last year. Agencies pitching for the business were impressed that the company offered them £5,000 for expenses."
gretel
20 Apr 2016
Another new client contract win [link] Bostock Unlimited secures Criteo UK briefApril 19, 2016/in Industry News /by Richard O'DonnellGlobal digital marketing company Criteo has appointed Nelson Bostock Unlimited as its UK PR agency, following a competitive pitch.Criteo currently works with more than 10,000 advertisers across 80 countries on “dynamically generated ads”, which are personalised with products and services that consumers are searching for.Nelson Bostock Unlimited has been briefed to enhance Criteo’s profile as a go-to thought leader for the digital marketing and advertising industries. Sarah-Anne Bray, PR Manager, UK and Northern Europe, at Criteo, said: “Criteo is a rapidly-growing company with market-leading technology, and we’re proud of the success we’ve achieved in an industry characterised by rapid change and consolidation.“In this environment it’s crucial that our PR partners have a deep understanding of our business and the competitive landscape, to help us cut through the noise and highlight the central role Criteo plays in the performance marketing space.“The Nelson Bostock Unlimited team impressed us with their wealth of experience in the advertising and marketing technology industry, as well as their creative ideas for helping us to engage with our UK audience.”Nick Clark, MD of Nelson Bostock Unlimited, added: “We’re incredibly excited to work with Criteo, a true market leader and global innovator. We’re looking forward to helping the company hone its story for the UK market, and solidify its position as an industry thought leader. This win is a real boost to our already strong portfolio of marketing, advertising and high-growth technology companies, demonstrating the depth of industry expertise our team has built over the years.”"
The Money Shot
19 Apr 2016
160p + cash offer Not sure everyone realises the significance of DBAY'S increase to 27% of voting rights.The takeover code states the following:When a person or group acquires interests in shares carrying 30% or more of the voting rights of a company, they must make a cash offer to all other shareholders at the highest price paid in the 12 months before the offer was announced (30% of the voting rights of a company is treated by the Code as the level at which effective control is obtained).I really do think that this is a great buy all the way up to 150ish.As always do your own researchGLA
