gretel
01 Jul 2015
Q1 trading statement due soon Last year's Q1 trading statement was on 31st July, so not too long to go.CRE were also mentioned as a good value small cap in IC highlights in the FT this weekend: [link]
FREDX
25 Jun 2015
Elgie resigned CEO Good to see the share price rise substantially after Elgie resigned, in the 10 years he was CEO the share price hardly increased and fell well behind inflation.Where as he received nearly £10,000,000 in salary, share options and add ons over that period!!!
gretel
17 Jun 2015
New Edison report out New Edison report is out - they go for:this year : 13.9p EPS, 4.6p dividendnext year : 14.8p EPS, 4.8p dividend[link] sections in particular about the incredibly long-term client retention, plus the revitalisation of the business following Elgie's departure with all the new partnerships, acquisitions etc.Plus there's plenty of Balance Sheet firepower for further acquisitions etc.
gretel
16 Jun 2015
DBAY buy another 3m+ CRE shares Wow. The RNS this morning shows DBAY bought WSE's 3m shares - and more. They're now up to 24.5% and 14.36m shares. The way they're going, they may well be buying all the way up to 29.99%:[link]
gretel
15 Jun 2015
Single-figure P/E, 3.4% dividend The financial websites are now showing the new forecasts for next year. They now show for this year and next year: N+1 Singer : 14p EPS, 4.7p divi, 15.3p EPS, 5p divi Sanlam : 14.2p EPS, 4.7p divi, 14.9p EPS, 4.9p divi
gretel
12 Jun 2015
Tipped in the IC Tipped by Simon Thompson in the Investors Chronicle on 10/6 (cheers mate) - imo 165p-180p is on the cards soon if all goes well:"'On the crest of another runShares in small-cap marketing communications company Creston (CRE:135p) have reacted positively to yesterday’s full-year results and have passed through my original target of 135p, a price level that was also achieved at the end of last year after I initiated coverage at 118p in the late autumn (‘Buy the break out’, 4 November 2014). However, I still feel that a run up to the 150p level is on the cards as I noted when I last updated the investment case (‘On the acquisition trail’, 23 April 2015). If this target is achieved the rating would still only be 10.5 times conservative looking EPS estimates of 14p for the fiscal year to end March 2016 based on forecasts from brokerage N+1 Singer. For the fiscal year just ended, the company delivered 11 per cent EPS growth and diluted earnings of 13p a share beat analyst expectations by around 4 per cent. In turn, this supported an 8 per cent hike in the dividend to 4.2p a share. A further hike to 4.7p is predicted this year to give a prospective dividend yield of 3.5 per cent. At the end of March the company had an £8.3m cash pile, since when the board have been deploying these funds wisely. In April, the company acquired a 51 per cent stake in How Splendid, a London-based digital design and development consultancy, a deal which I analysed in depth at the time (‘On the acquisition trail’, 23 April 2015), and has just announced another strategic investment alongside yesterday’s results: a 27 per cent stake in 18 Feet & Rising, a London based advertising agency. Established in 2010, 18 Feet & Rising works with brands including Allianz, Cuprinol, Nando's, House of Fraser and ŠKODA, for which they created the world's first ad campaign to use eye-tracking technology. Half of the £1m cash consideration will be invested in the business to help accelerate its growth. In 2014, 18 Feet & Rising grew revenue by almost a quarter to £2.7m, so the business is being valued on a reasonable 0.7 times’ sales. This means that Creston has now deployed virtually all its net cash after the period end, but with annual operating cashflow of around £8.6m and credit lines of £35m in place, the company is well funded. The bottom line is that with the company posting organic revenue growth for the first time in four years, and utilising its cash position wisely, then investors are likely to continue to warm to the strong investment case which I outlined when I initiated coverage at the end of last year. Offering a further 11 per cent share price upside to my new target price of 150p, and underpinned by a 3.1 per cent historic dividend yield, I continue to rate Creston’s shares a buy on a bid-offer spread of 133p to 135p."
gretel
10 Jun 2015
Very undervalued imho Consensus forecasts going forward are now appearing on websites for the first time and emphasise just how cheap CRE is: This year : 14.1p EPS, 4.7p dividend Next year : 15.1p EPS, 4.95p dividendOver the next 15 months shareholders can expect 7.8p of dividends, around a 5.5% yield, from a company trading on a single-figure P/E....
gretel
09 Jun 2015
Target price increased to 171p N+1 Singer has just increased its target price to 171p from 152p, saying Buy:[link]
gretel
09 Jun 2015
Re: Results today beat forecasts Indeed.Consensus forecasts of 14.2p EPS this year may well be increased, given the 13.1p EPS last year which easily beat forecasts.Particularly with the boost from the HowSplendid acquisition for cash post year-end.I can see say 15p+ EPS being achieved now.Which could see a share price of 180p-200p later this year. So 40%-50% upside can't be sneezed at!
sound money
09 Jun 2015
Re: Results today beat forecasts Yep forward PE of just under 9. Sensible use of cash. Sticking to their knitting. What more do they have to do to impress the market.M
gretel
09 Jun 2015
Results today beat forecasts Excellent results which beat forecasts by some margin:- 13.07p EPS, compared to 12.5p forecast- 4.2p dividend, compared to 4.1p forecast- and another acquisition, announced separately:[link] the fantastic client list which the rest of CRE can now exploit, i.e Allianz, Cuprinol, Kopparberg, Nando's, House of Fraser.The outlook is extremely positive - and the post year end acquisition for cash of How Splendid will mean that this year's results are strongly boosted.CRE is just far too cheap imo.
gretel
05 Jun 2015
Results next Tuesday - 165p target Sanlam Securities today reiterate their Buy and 165p target, prior to next Tuesday's prelims, which CRE have already flagged as in line with forecasts of:- 12.5p EPS- 4.1p dividend- £8.3m net cash[link]
sound money
27 May 2015
Seller Gone Moving up on low volume.M
gretel
13 May 2015
News of more digital expansion Fantastic client list including BP, Centrica, Castrol, MSD, Rolls Royce and Sanofi Pasteur.....[link] forms referrals partnership with The Digital ConsultancyAdded 2 hours ago by Anna Reynolds Creston Unlimited, the owner of Nelson Bostock, has formed a partnership with The Digital Consultancy, shortly after its acquisition of How Splendid.Creston, which also owns Cooney/Waters, Fever and Red Door Communications, acquired digital consultancy Splendid last month.Creston's partnership with The Digital Consultancy is a continuation of the group's growth in digital, creating joint pitching and referral opportunities for both businesses. The Digital Consultancy was launched in 2010, with offices in London and New York. Its clients include BP, Centrica, Castrol, MSD, Rolls Royce and Sanofi Pasteur MSD. The Digital Consultancy will operate under the Unlimited brand as The Digital Consultancy Unlimited.Barrie Brien, Creston’s group chief executive, said: "The group already derives more than 50 per cent of its revenue from digital and online activities and this partnership will enhance our digital reputation further, adding expertise in digital strategy and transformation to complement our existing strength in digital marketing."Mike Coppen-Gardner, director of The Digital Consultancy, added: "Since our launch in 2010, we have continuously provided strategic digital expertise for our clients. As we continue to scale our business, we are excited about the partnership with Creston Group and look forward to working within its Unlimited offering.""
gretel
06 May 2015
Liberum increase price target to 160p Liberum have today increased their price target to 160p from 135p:[link]
