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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Aegis Grp. | LSE:AGS | London | Ordinary Share | GB00B4JV1B90 | ORD 5.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 239.80 | - | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
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06/9/2007 23:14 | Broker Summary UBS - Buy Numis - Buy Panmure Gordon - Hold Societe Gen - Buy ABN Amro - Buy | nigel_man | |
06/9/2007 22:29 | By Jessica Hodgson Of DOW JONES NEWSWIRES .........Speaking on CNBC early Thursday Lerwill said that despite the currency impact, "what really matters is our underlying constant currency." Aegis revised its global advertising forecasts for 2007 to 5.3%, down from a previous 5.8%, on the back of what Lerwill described as "a little bit of softening in the U.S.", but said that it expected global advertising growth of 6% in 2008 due to the Beijing Olympics and the U.S. Presidential elections. Commenting on the results in early research Thursday Societe Generale noted the "blistering" organic revenue growth. UBS, which has a buy rating on the stock, said it believed that the market would "look beyond" the net profit figure and focus instead on strong organic revenue growth. Both of Aegis' two key business units, Aegis Media, which includes all of its media planning activities, and market research group Synovate, reported organic revenue growth of over 9% in the first half, Aegis said. It said it expected this outperformance to continue in the second half, and said it hoped to maintain Aegis' margin despite significant investment. Aegis forecasts industry advertising revenue growth of 4% for the U.S. in 2007, 5.3% industry growth on a global basis and 20% growth in China. At its half year results in August, WPP Group PLC (WPPGY), said analysts were expecting full year organic revenue growth of between 5% and 6%. Omnicom Group ( OMC), the world's largest advertising agency, earlier reported first half organic revenue growth of 7.4%, while Publicis reported organic revenue growth for the half year of just 1.6%. Commenting on the booming growth in Internet advertising - which in the U.K. grew at 47% in 2006, according to figures from telecommunications regulator Ofcom - Lerwill said there wasn't any evidence that growth would slow soon. The past six months has seen a wave of consolidation in the Internet advertising and marketing sector. Aegis' industry peers such as WPP and Publicis Groupe (PUB), alongside technology giants such as Google Inc. (GOOG), Microsoft (MSFT) and Yahoo! Inc. (YHOO), have all made recent large acquisitions to gain exposure to the market. Lerwill said Aegis, which has been operating in the Internet space for several years, had been acquiring companies in a "careful, measured way," and didn't believe Aegis had lost any competitive advantage by failing to make big acquisitions. The company is nearly 30% owned by Vincent Bollore, the French industrialist who is also a controlling stockholder and Chairman of Havas S.A. (12188.FR), a French advertising group which owns the Euro RSCG advertising firm. Bollore, who first began buying shares in Aegis in 2005, has made repeated attempts to secure board-level representation at Aegis but has been rebuffed numerous times by institutional investors at the recommendation of Aegis' management. Lerwill said there had been no significant change in the relationship with Bollore, with whom Aegis had "agreed to disagree," but added that the company had offered Bollore's represenatives the opportunity to discuss Aegis' operational performance in a few weeks. A spokesman for Bollore Group Thursday said Bollore was "disappointed," with Aegis's net profit, without elaborating further. An Aegis spokesman said in a statement: "The true measure of our success is our underlying earnings per share, which is up 12% at constant currencies." "We've reported organic growth today that is better than any of our competitors. Our business is very healthy and our prospects our good." | nigel_man | |
06/9/2007 22:23 | I see where Bollore gets his sense of humour.... ....Forbes magazine recently placed Bollore at No. 458 on its list of the world's billionaires, estimating his worth at $2.1 billion (£1.04 billion) and noting that he's an 'avid comics aficionado' with a collection of 1,000 comic books. | nigel_man | |
06/9/2007 16:23 | What you say makes perfect sense nigel. But this stock seems to fly in the face of common sense. However, I sincerely hope you are right..... | le mass du pap | |
06/9/2007 16:17 | The coming week will show the extent of interest from the institutions. A 15.9% rise in the dividend at the half-way stage, with 2/3 of revenue and profits generated in the second half still to come, will certainly attract some support. Many long-term shareholders, dismayed by the share price performance were looking at today for an exit point. The Dow threatening to go lower didn't help, so it was always going to be a bumpy ride. The results were very good, the share price will reflect this in the comng week. I expect Bollore group to take their holding up to the 29.9% trigger point and push for another vote, but I suspect on current organic growth rate of 9.9% there will be renewed bidding interest from some of their larger peers. | nigel_man | |
06/9/2007 12:44 | Aegis outperforms its peers LONDON (SHARECAST) - Media buyer Aegis outperformed its peers, posting an 8% increase in first-half pre-tax profits and said its is confident about its prospects as overall demand remains good. Underlying pre-tax profit rose by 13.2% on a constant currency basis and 8.7% at actual rates, to £41.3m on revenue up 9% to £306.2m. "Aegis Media and Synovate both continue to outperform, growing almost twice as fast as their markets," said the group. "While the current weakness of the US dollar and related currencies will continue to affect our reported results, we expect to make good underlying progress in the full-year on a constant currency basis, in line with our expectations," it added. The interim dividend is up by 15.9% to 0.84p per | le mass du pap | |
06/9/2007 10:49 | FFS! Bollore opens his stupid mouth and says he is "disappointed" with the results so the share price tanks! Maybe that means he will f-off and sell his share to someone who wants to make a bid! Or buy it himself if he thinks he can do better. Who gives a toss what he thinks anyway? Great buying opportunity..... | le mass du pap | |
06/9/2007 09:21 | INTERVIEW Aegis chief executive sees strong ad market in 2008 LONDON (Thomson Financial) - Robert Lerwill, chief executive of Aegis, the UK media buying and market research group, expects the global advertising growth to accelerate in 2008, boosted by the Beijing Olympic Games and US Presidential elections. In an interview with reporters Lerwill predicted that the global advertising market would grow by more than 6 pct in 2008, compared to the 5.3 pct forecast for this year. "Clearly the Beijing Olympics and US Presidential elections will have a positive impact although the extent of the base growth is very much dependent on the underlying GDP growth around the world," Lerwill told reporters after the company reported half-year results broadly in line with market expectations. However, he cautioned that Beijing's time zone and "possible restrictiveness" on advertising in China may deter some advertisers. Lerwill reiterated that the board remained opposed to a campaign by the company's biggest shareholder, Vincent Bollore, to gain representation on the Aegis board. However, he said that he would meet the charismatic chairman of media group Havas in Paris over the next few weeks to discuss Aegis' interim results. "We offer the Bollore Group exactly the same discussions as with all big shareholders," Lerwill said. "It's a very straightforward issue. We have agreed to disagree. Bollore, who holds a near 30 pct stake in Aegis, has had his two nominated directors -- Philippe Germond, a former executive at telecom giant Alcatel, and Roger Hatchuel, a former chairman of Pearl & Dean, the cinema advertising company -- rejected four times by Aegis shareholders. The Aegis board has repeatedly argued that the nominees from a rival company represent an irreconcilable conflict of interest and would undermine its independence. The claim is strongly denied by Bollore who has vowed to continue his fight for places on the Aegis board. At 9.49 am Aegis shares were up 2-1/4 pence, or nearly 2 pct, valuing the company at 1.54 bln stg. nick.huber@thomson.c -------------------- This bit is particularly interesting......... "....However, he said that he would meet the charismatic chairman of media group Havas in Paris over the next few weeks to discuss Aegis' interim results. "We offer the Bollore Group exactly the same discussions as with all big shareholders," Lerwill said...... Maybe discussing a bid? Or maybe asking Bollore to put up or shut up? Why would he go to Paris, instead of the other way round? | le mass du pap | |
06/9/2007 09:14 | I see this blokes interest as irrelevant unless he or someone else makes a bid, in which case it's good for us. Don't see why his mention should affect the share price Results are good and forward looking statement is bullish. | le mass du pap | |
06/9/2007 09:09 | Any strength in the general market would have seen a substantial rise sustained, imo. Maybe if US cuts rates in a couple of weeks we'll see some proper gains. Market still very twitchy. | le mass du pap | |
06/9/2007 07:57 | Now watch Bollore throw a spanner in the works. His constant attempts to wear down shareholders and get them to vote his cohorts onto the board are an unwelcome imposition on executives time and our money. Let him put up or shut up, perhaps he will now make a bid before the baby grows legs and runs away from him. After these results I can see him having to pay more than he might have hoped six months ago. | irenekent | |
06/9/2007 07:41 | Excellent set of results, 15.9% rise in interim dividend, organic growth rate of 9.9%. Record new business wins.....should get to 140p by next week. Still got their strongest 2nd half to come. Growth rate is very impressive. If the currency rates can move in their favour, the year end results will be quite spectacular. | nigel_man | |
06/9/2007 07:25 | Nice set of results. Downtrend broken, if it can hold. | le mass du pap | |
05/9/2007 10:58 | ...."ahead of their industries and the wider marketing services peer group".... Bodes well for tomorrow! | le mass du pap | |
03/9/2007 12:20 | Seems to be stuck on the downtrend line(circled). High volume before Thursday or good results/outlook should see us break through it, beyond which 140p is for the taking. free stock charts from www.advfn.com | le mass du pap | |
03/9/2007 11:15 | Aegis looks very attractive at current prices. They've recently picked up some lucrative accounts and have been invited to pitch for some even bigger consolidating accounts, plus they are a highly probable takeover target........UBS 150p target should be met after results. Contracts won in last 2 months -------------------- Johnson & Johnson - $440m BSkyB - $20m Invites to pitch for consolidated accounts Visa - $880m (no current business) Dell - $760m (some existing business) -------------------- Aegis Group plc Pre-close statement Aegis Group plc today issues its scheduled pre-close statement ahead of interim results on 6 September 2007. Trading has continued in line with expectations and organic revenue growth across the group remains very healthy. In the year to date, both Aegis Media and Synovate have delivered organic revenue growth ahead of their industries and the wider marketing services peer group. Within Aegis Media, the fastest organic revenue growth continues to be achieved in EMEA, Asia-Pacific and digital services, while at Synovate, organic revenue growth has been strongest in the Americas, Asia-Pacific and from global clients. We are continuing to invest in organic growth initiatives and acquisitions across both Aegis Media and Synovate. Recent acquisitions include Marvellous Mobile, a leader in global mobile marketing services; Vivid in US sports and entertainment marketing; and Bluestreak in ad-serving. Although reported results will reflect the current strength of sterling, we expect to deliver a good underlying improvement in pre-tax profit at constant currencies for the first half of 2007. | nigel_man | |
23/8/2007 15:19 | Please make a bid Mr Bollore/anyone. Even if it's just for a laugh, so that I can get shot of this utter sh*te at a better price. Thankyou. | le mass du pap | |
23/8/2007 12:04 | .....at least let's hope so because this is terminal. Red in a sea of blue today, as usual. Will anything give this a lift? What a shocker! free stock charts from www.advfn.com | le mass du pap | |
22/8/2007 19:05 | They keep picking up these lucrative contracts along with some tidy acquisitions, so I expect the forward looking statement with results to be bullish for the coming year. | le mass du pap | |
22/8/2007 16:37 | well done aegis>>>> grauniad... BSkyB has handed its digital search advertising work, worth up to £10m a year, to Aegis-owned Diffiniti and Unique in a strategic move to bring in specialist agencies to handle the increasingly important business. | j tuwatmoya | |
21/8/2007 18:24 | He is now upto 29.86% so he's not far off. He has also bought a few seperate chunks over recent weeks so he's upto something. I don't think whether it's characteristic or not matters. The man is obsessed. Besides, even if he doesn't fancy it he may have inadvertantly prompted someone else into action. The brokers and press seem to think a bid is likely, whether it's from Bollore or not. There has been a lot of talk about a tie-up between Havas and Aegis. He's getting nowhere with his bid for seats on the board. Maybe with the share price so low it's time for a new strategy from old Vinnie. After all, he has invested a lot of money in Aegis, but what has he achieved from it so far? Certainly not a profit on his investment, so why keep buying? | le mass du pap |
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