Conduit Share Discussion Threads

[madengland] 09/6/2015 07:13

Hmm. You wouldn't say it's impressive growth really would you? Everything else looks ok, but surely peeps must expect BB to deliver growth and I am not sure if I was a holder at present the 'not bad for the 1st yr of our strategy' quite cuts it. This is boom time, what about recession looming?

[red army] 09/6/2015 07:10

Great results - an undiscovered gem

[rivaldo] 08/6/2015 12:16

Moving up ahead of tomorrow's results as forecast above.

[rivaldo] 05/6/2015 09:58

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

[rivaldo] 28/5/2015 12:21

Prelims are in only 12 days' time, so hopefully further gains to be made in the run-up.

[rivaldo] 28/5/2015 07:56

More pre-open buying today, this time at 130p.

[rivaldo] 27/5/2015 08:07

....and a 5k buy at 127.52p, well above the 127p published offer price.

EDIT - moving nicely...

[rivaldo] 27/5/2015 07:43

Good to see a pre-open buy already today at 126p.

[rivaldo] 21/5/2015 09:17

Ready for the next leg up.....

[rivaldo] 10/5/2015 17:46

Sanlam Securities have now increased their forecast for this year to 14.2p EPS, with a 4.7p dividend.

That's a P/E of just 8.7, with a 3.8% dividend.

[rivaldo] 08/5/2015 10:14

Good to see CRE taming up with Future Foundation to cross-sell and pitch together - FF have "more than 200 global brands on future trends, drawing on proprietary quantitative and qualitative research across 25 global markets":

[rivaldo] 06/5/2015 11:51

Hello....Liberum have today increased their price target to 160p from 135p:

[rivaldo] 29/4/2015 11:41

Sanlam Securities today reiterate their Buy and 165p target for CRE, which must have been increased from 150p at some point recently:

[rivaldo] 29/4/2015 09:01

Creeping up steadily......should be a nice run-up to the finals on 9th June, which we now know will be good.

Hopefully new highs a-coming - which would still be a single-digit P/E.

[rivaldo] 28/4/2015 08:30

For reference, here's 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....

[rivaldo] 27/4/2015 12:49

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 on a single-figure P/E even on the lowest forecast.

[rivaldo] 23/4/2015 08:14

From the Daily Mail - this is a "potential gamechanger":



"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."

[rivaldo] 23/4/2015 07:26

Cheers Madengland.

With 14.1p EPS now forecast, plus a good dividend, it's easy to see a share price of anywhere between 150p-200p here.

Another positive article:

Http: //www.shareprophets.com/views/11739/creston-plc-a-former-share-tip-of-the-year-back-on-track

Conclusion:

"For the financial year ended 31st March 2014, Splendid delivered a pre-tax profit of £1.2 million on revenue of £4 million, with the year just ended reported to have seen “material growth”. The deal has seen researcher Edison increase its current year earnings per share forecast from 13.2p to more than 14p, concluding that “a discount to marketing peers of 36% on EV/EBITDA CY15 seems considerably overdone”.

On what I consider more relevant absolute terms, shares in Creston, at circa 120p, trade on a prospective price/earnings multiple of 8.5x and yield 3.75%.

Today’s announcement looks a decent bounceback from the doubt-inducing trading statement of February and enough to suggest 9th June-scheduled results should be reviewed with interest. Very much on the watchlist."

[madengland] 22/4/2015 22:06

Glad to see some good news for all holders, especially Riv the most positive CRE supporter! Hope this signals a rally. Alas I have no funds I could pop into CrE right now but good luck

[rivaldo] 22/4/2015 11:48

Sanlam Securities and N+1 Singer both today reiterate their Buy recommendations, with 143p and 139p targets respectively.

I suspect with new 14.1p EPS forecasts that those target prices will be revised upwards after the prelims are released.

[smithie6] 22/4/2015 10:29

I hope the PBT is not calculated as per Blinkx, Globo et al.

Where profit EXCLUDES some costs ...incl. some costs called development.....
---

Hopefully all above brd. I had doubts about that for USA acquisitns.

[smithie6] 22/4/2015 10:26

...agree the p/e is low....
downside risk looks smallish specially short term since meeting expectations..

EPS been flat for too many yrs imo....so if does go up that wld be good...

Co. has bad record imo for making supposedly EPS enhancing acquisitions..while the exMD enriched just himself...(6m while in charge while investors lost money)...if different this time that wld be gd.

[rivaldo] 22/4/2015 09:49

Edison have increased their forecasts in a new report today:



They 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.