Re: CRE's TMW win new £5m contract Creston have also recently picked up a contract with BA. No value mentioned.''Creston Unlimited will manage the CRM strategy, while Aquila will work alongside the airlines analytics team''[link] Results are out on Tuesday 24th Nov.SP went up 5% on Friday, not sure if related to BA contract as only small volumes but if results are good then SP likely to rise further.good luck all holders! SG
CRE's TMW win new £5m contract Wow - just found this nice £5m win ))[link] hands £5m CRM account to TMW UnlimitedSeptember 28, 2015by Gurjit Degun Vodafone has appointed TMW Unlimited to handle its £5 million CRM account and help with the mobile phone network's move into the pay-TV market.TMW fought off competition from the incumbent AIS London, Wunderman, Havas Helia and WDMP. The pitch process was handled by AAR.Vodafone kicked off the process in July. AIS had handled the business since September 2012 when it picked up the account without a pitch. The shop was asked to create a Christmas campaign.In February, Vodafone shifted its £53 million UK creative business into Grey London after a pitch that included the incumbent, Rainey Kelly Campbell Roalfe/Y&R"
Almost on a single-figure P/E now ...after little profit-taking. Consensus forecasts are now 13.93p EPS this year and 14.78p EPS next year.Forecast dividends are 4.64p and 4.86p respectively. 2016 2017 Date Rec Pre-tax (£ EPS (p) DPS (p) Pre-tax (£ EPS (p) DPS (p) N+1 Singer 20-10-15 BUY 12.22 13.90 4.70 13.08 14.80 5.00 Peel Hunt 16-10-15 ADD 12.04 13.98 4.66 12.77 14.73 4.91 Edison 15-10-15 None 12.30 13.90 4.60 12.91 14.80 4.80 Sanlam Securities 06-10-15 HOLD 12.10 13.60 4.50 12.70 14.20 4.70
Liberum have 190p target Liberum have a 190p valuation here and say Buy today:[link]
Excellent new contract win Logitech hires Creston agencies Fever Unlimited and Things Unlimited to six-figure UK briefOctober 02, 2015 [link] PC and tablet accessories provider Logitech has appointed Creston agencies Fever Unlimited and Things Unlimited to a UK PR and social brief believed to be worth six figures, PRWeek has learned.The agencies replace Brands2Life, which continues to handle Logitechs B2B comms. It follows a competitive pitch for the retained brief that included the incumbent agency.Logitech was founded in Switzerland in 1981 and operates in 100 countries. It is listed on the Six Swiss Exchange and the Nasdaq Global Select Market and has a market cap of $2.27bn (£1.5bn).Logitech also owns speaker brand Ultimate Ears.The company confirmed the appointment of Fever Unlimited and Things Unlimited but declined to comment, as did the agencies.Brands2Life co-founder Sarah Scales told PRWeek: "We worked with Logitech for more than ten years and we participated in the tender process in July. We are very proud of our work and we wish Logitech all the best with their new partner. We still look after Logitech B2B."
Rising to new hjighs now.... ...yet still only on a current year P/E of 11.6, with an almost 3% divi yield.
Re: NEW ARTICLE: Stockwatch: Buy into this f... Thx for this - good article from Edmond Jackson. It concludes:"All considered, it looks fair to regard risk as being on the upside, targeting 175p to 200p a share over the next two years as earnings and their rating improve. While this kind of business is in the front-line of any recession, Creston's financial strength would enable it to make attractively-priced acquisitions in a downturn. Customers also tend to be loyal to their marketing agencies even though budgets can vary. So despite the chart high, there are good reasons to consider the stock as a tuck-away."
NEW ARTICLE: Stockwatch: Buy into this five-year plan "Can growth in digital marketing buck wider risks affecting the business cycle? According to eMarketer, digital increased from 15% of UK marketing spend in 2007, to 47% in 2014, and most marketing services firms report their strongest growth in ..."[link]
Next update will be the interims The AGM has come and gone. Good to see the share price inching up again.I e-mailed CRE again - it seems that the next trading news will be the interims in November "As there is no new information to update the market on since our last trading update on 9 June".This is good news. There can have been no material change in trading since that positive results outlook in June, otherwise CRE would have had to say something. So nothing has changed, and hopefully we can therefore expect good interim numbers.
Re: AGM coming soon thanks GretelFinal Div is 2.85p to be paid on 11/9/15 (assuming approval at AGM).The recent acquisitions (Splendid & stake in 18feet&rising) should start to show benefits filtering through in this year. H1 runs to 30/9/15 so some sort of update on progress would be welcome via the AGM otherwise we wait for the interims (reported towards the end of November in 2014).SG
Re: AGM coming soon AGM statement is this coming Monday, and should hopefully be good.Current consensus is 13.93p EPS and a 4.55p dividend.GM
AGM coming soon CRE have confirmed to me that, in accordance with the new rules, they're no longer issuing IMS's.The AGM is soon, on 7th September, so hopefully we'll get an update on the positivity in the prelims outlook statement.
Sector takeover activity today I see there's a bid for Chime this morning. It values Chime at a current year P/E of 16.That would value CRE at around 225p per share given forecast 14p EPS this year.
Pretty cool CRE / BMY infographic report This infographic compares Creston and Bloomsbury Publishing plc, they have details on valuation etc. [link]
New 171p analyst price target N+1 Singer say Buy today and now have a 171p target price:[link]