gretel
29 Apr 2015
Analyst 165p target reiterated Sanlam Securities today reiterate their Buy and 165p target for CRE, which must have been increased from 150p at some point recently:[link]
gretel
28 Apr 2015
Fantastic new client list For reference, here's the newly acquired How Splendid's web site - the client list is fantastic, including per the RNS "Barclaycard, Boots, eBay, Gamesys, News UK, Skrill, SSE and Star Alliance", but also the BBC, Aston Martin, Wired, Intel, Microsoft, Easyjet etc....[link]
gretel
27 Apr 2015
Gamechanger for CRE.... Edison's forecast of 14.1p EPS this year - with a 4.5p dividend - is the highest of the newly increased forecasts, whilst three others from Singer, Peel Hunt and Sanlam all go for between 13p and 13.2p EPS.CRE remains very cheap imo on a single-figure P/E even on the lowest forecast.And from the Daily Mail - this is a "potential gamechanger":[link] "Marketing communications group Creston rose 5p to 123.5p after in-line results and the acquisition of a 51 per cent stake at How Splendid, a London-based digital-design consultancy. The group expects revenues to increase by 2.7 per cent to £76.9million and cash of £8.3million. Analysts believe the deal is a potential game-changer, giving its exposure to more attractive business areas."
sound money
22 Apr 2015
Right Deal at the Right Time Just as the UK economy hits the sweet spot of escape velocity this sensibly conservative management strike the right deal. Structured in a way to be affordable now and in the future it will be cash generative pretty quickly.It's already tightly held, watch the scramble for shares at these ridiculously cheap levels.Buy IMO.M
gretel
22 Apr 2015
New increased forecasts Edison have increased their forecasts in a new report today:[link] now go this year for 14.1p EPS, with a 4.5p dividend.That's a P/E of just 8.7, with a 3.7% dividend.And ICM in particular should have a rip-roaring H1 given all the General Election work it's doing.
gretel
22 Apr 2015
Excellent acquisition news Exciting stuff 
))Not only are CRE in line with forecasts of 12.5p historic EPS - with a 4.1p dividend - but we have a highly earnings-enhancing acquisition from CRE's cash pile.And it's a digital design and development consultancy, so highly complemehtary to CRE and its existing structure. Plus of course being in the right space for these times.The client list is fantastic - including Barclaycard, Boots, eBay, Gamesys, News UK, Skrill, SSE and Star Alliance.The acquisition price isn't cheap, but this looks a high quality acquisition - with the further consideration being dependent on performance anyway. Besides, the cash is doing nothing in CRE's bank account.This should jolt the share price upwards.
gretel
09 Apr 2015
RNS : DBay now above 19% DBay Advisers are continuing to buy - they're now above 19% with 11.6m shares:[link] is pretty tightly held now, with these 3%+ holders holding around 43m of the 58m shares in issue:[link] DBAY Advisors Limited 10,997,178 £12,866,698 Artemis Investment Management Limited 7,277,269 £8,514,405 Credit Suisse Client Nominees UK Ltd 6,835,093 £7,997,059 Majedie Asset Management Limited 6,015,219 £7,037,806 Western Selection P.L.C. 3,000,000 £3,510,000 Ruffer LLP 2,991,079 £3,499,562 FIL Limited 2,718,451 £3,180,588 Hargreave Hale Limited 2,455,000 £2,872,350 Barclays Stockbrokers 2,258,378 £2,642,302
gretel
02 Apr 2015
Two bits of good news CRE's ICM polling division should have an extremely good few months given the election - polls regularly coming out and an ICM expert on the BBC news this week following the Dave 'n' Ed Paxman debate.Also a new client win for CRE's US agency Cooney Waters:[link] "Wed., Apr. 1, 2015 LensCrafters Focuses on CooneyWaters Kevin McCauley LensCrafters has signed a one-year pact following a competitive pitch with CooneyWaters Unlimited for a national communications initiative to promote vision healthcare. The unit of UK-based Creston Unlimited will target consumers to increase awareness of the need for regular eye examinations and its importance as a health priority. CWU executive Julia Jackson handles the push to underscore the need for proactive health management and LensCrafters' role as leader in personalize eye health."
gretel
02 Mar 2015
Another new client win This time it's Deezer:[link] a prestigious new client, making two digital/new media wins in a matter of days following the Mind Candy win. Great to see CRE making such progress in the new technology sector. "Fever selected as Deezer's new UK and global PR agency 24 February 2015 16:56 in Technology PR Fever selected as Deezer's new UK and global PR agencyFever has been selected as the new retained UK and global PR agency for Deezer, the fast-growing digital music streaming service. The agency will be tasked with developing campaigns to promote the brand in the UK, as well as managing the client's global press office, influencer programme and its network of PR teams across all markets. This follows a three-stage tender process, with Fever being selected from a final shortlist of four agencies. It replaces incumbent Pretty Green, which was originally appointed in 2013 but chose not to repitch for the account. Deezer offers its service in more than 180 countries, with 16 million monthly active users and six million paid subscribers worldwide. Bruce McLachlan, joint managing director of Fever, said: "The music space is very crowded, so our job will be to develop campaigns rooted in audience insight that can change behaviours, as well as deliver brand fame." The agency has experience of working with a number of high-profile tech brands, including PlayStation, Canon, Toshiba and HTC."
gretel
27 Feb 2015
New client win Good news - CRE's agencies Fever and Nlson Bostock have won the PR contract for Mind Candy (the firm behind Moshi Monsters). A prestigious appointment:[link] "Mind Candy appoints Fever as retained UK consumer agency, replacing Fishburn February 24, 2015 by Anna Reynolds , Be the first to comment Global entertainment company Mind Candy has appointed Fever and sister agency Nelson Bostock to handle its consumer and corporate PR accounts, replacing incumbent Fishburn. etc"
cuthco
12 Feb 2015
10p drop Just got back from holiday. What happened beginning February to give a drop of 10p?
Lavenonews
09 Feb 2015
Re: high volume again Dbay now above 18%.... and CRE buying back stock again. Keep holding.
gretel
05 Feb 2015
Single-figure P/E, 3.5% dividend New Edison note - confirms 12.5p EPS for the year just ending, with a 4.1p dividend.And 13.2p EPS next year, with a 4.4p dividend.Plus over £9m net cash...[link] Discount persists The group has strong cash flow characteristics and should end FY15 with net cash over £9m (£7.7m after contingent deferred consideration) despite spending £1.6m on the share buyback. With a growing dividend stream and the prospects for moving earnings forward improving, a discount of over 20% to other UK smaller agency groups on CY14e EV/EBITDA seems harsh."
sound money
04 Feb 2015
Re: Ex-cash P/E of only 8 Gretel,Couldn't agree more. For the last three years we have had reports of weakening growth in late winter/early spring only to see it pick up later.M
gretel
04 Feb 2015
Ex-cash P/E of only 8 The good news - headline EPS will be in line with 12.5p consensus EPS expectations.The bad news - Q3 and Q4 revenue growth not as good as H1, though new client wins are impressive with the likes of McLaren, Vue etc.Sanlam say Buy and have a 143p valuation, cut from 150p.N+1 Singer also say Buy and have a 139p target.With a cash pile perhaps approaching £10m now - 15% of the m/cap - the ex-cash P/E is probably only around 8 or even less, given 12.5p EPS for the year about to end.The almost 4% dividend is not to be sniffed at.And CRE are on a very low price/sales ratio with around £75m-£80m of revenues. Plus there's a terrific - and loyal - blue chip client base. So imo the inherent value here is a lot higher than the current share price, whether that emerges by means of improved trading or by a bid at some point. I wonder also if CRE will use this opportunity to mop up more shares for their buyback scheme - they've been happy to buy in the recent past at these and lower levels.
