Communisis Share Discussion Threads

[edmundshaw] 19/1/2017 08:56

No Blundell, do not even think of it! St Ives is too big to swallow and with pension millstone etc... just nick their business. :-)

[isis] 19/1/2017 08:42

SIV down 35%!

[edmundshaw] 19/1/2017 08:25

Yes, first time I have seen Sony mentioned in an RNS.

[njb67] 19/1/2017 08:20

Likewise - best to assume that it is not material at this stage. It could be Sony givng CMS the chance to see what they can deliver in first instance.

GLA

[masurenguy] 19/1/2017 08:18

I'm not aware of any prior announcement relating to the Sony contract either.

[interceptor2] 19/1/2017 08:14

Very good update particularly pleasing to see net debt continue to fall. And new contract news with Sony for 3 years that started in October. Am I right in assuming this is the first time this contract has been mentioned, if so surprised that they didn't mention this before. Or have I have been asleep and missed a previous announcement?

[joe say] 19/1/2017 08:11

Reasonably good statement imo albeit I was expecting a slightly larger improvement in the pension deficit

[jailbird] 19/1/2017 07:54

Thanks McflyMy mind is now at total ease I know there are many long term holders here

[mcfly79] 19/1/2017 07:49

Jailbird,The promissory notes are included within net debt which has decreased to £30m.At 30 June 2016 the company had £34m of cash so paying the promissory notes will not be an issue.

[zho] 19/1/2017 07:31

SIV (St. Ives) "materially below ... previous expectations". Perhaps fortunate that CMS announced in-line trading on the same day (for those that remember last year).

[jailbird] 19/1/2017 07:22

Sorry but that is bugging me, probably ignorance on part

[jailbird] 19/1/2017 07:19

The two year promissory loan notes valued at GBP9.3m remain repayable in Q1 2017.No mention of this I presume details about this will be mentioned in the results Do CMS have £9.3m to pay this downby end of March?

[masurenguy] 19/1/2017 07:16

Here it is !

RNS Number : 5420U
Communisis PLC
19 January 2017

Trading Update

Leading provider of personalised customer communication services, Communisis plc (LSE: CMS), announces a trading update for the year ended 31 December 2016 (Unaudited).

Trading for the year ended in line with expectations.

Within the Customer Experience division, Communisis announced a significant new contract win in November 2016 with Her Majesty's Revenue and Customs (HMRC) for all outbound customer communication; implementation planning is well in-hand toward the go-live date in mid-2017.

The Brand Deployment division has won a new contract with Sony Europe, for a range of customer communication services. The arrangement went live on 1(st) October 2016 for a term of 3 years. Activities will include management of the supply chain for marketing collateral and point-of-sale across Europe. Communisis extended its presence in Germany by opening in Berlin to complement existing operations in Frankfurt and Dusseldorf.

Strong free-cash flow helped reduce net debt by approximately £9m to £30m.

In addition, the accounting deficit related to the Defined Benefit pension scheme reduced from £57m at 17 October 2016 to approximately £55m at the end of December.

The Group will issue Preliminary Results for the year ended 31 December 2016 on 9 March 2017.

Andy Blundell, Chief Executive, commented:"The 2016 performance was solid and the simplified dual-divisional structure helped us to focus successfully on the major growth opportunities: Long term contract wins such as HMRC and Sony Europe will help deliver against our targets for 2017 and beyond."

[jailbird] 19/1/2017 07:11

Trading for the year ended in line with expectationsNet £30m also on target

[junior21] 18/1/2017 21:50

Well if they stay true to form the trading update will be tomorrow morning, what with it being a Thursday.

I'd be happy with a 'meeting expectations' statement, but it would certainly be nice if for once the word exceeding was mentioned.

[masurenguy] 18/1/2017 21:25

Tommorrow could be interesting - I wonder whether we will see a trading update this week !

[isis] 18/1/2017 20:12

Can't be normal trades at those prices and volumes.

[brucie5] 18/1/2017 20:05

Chart unfolding as it should. Note the double bottom support at 40. Onwards and upwards.

[owenski] 18/1/2017 19:53

Lot of AT trades showing, looks like an insti picking up stock?

[gleach23] 18/1/2017 19:07

no problem - i didn't like the thought of £11,200 ;p

[sharw] 18/1/2017 19:04

gleach23 - thanks - you are right - I put in 0.7p when it should have been 0.07p. Will try not to do that with real money!

[gleach23] 18/1/2017 18:58

moot point sharw but isn't it £1,120?

[sharw] 18/1/2017 18:34

The 1.5m trade does not show on other boards because it was cancelled (probably a wrong entry for the second 1.6m at the same time and corrected 18 seconds later) see:



That leaves the two 1.6m trades which look back to back (a nice little turn of £11,200 for the MM matching buyer and seller). Nevertheless 1.6m is 0.76% of the share capital.

[isis] 18/1/2017 18:08

They're on the latest trade Volume link.