I would like to hear your opinion on St. Ives. After the market correction (since 21 May) many stocks started to raise again in value but St. Ives seems to have stabilized around 144p but what is worrying that it seems to hesitate as it was waiting which way to go..
It seems that the latest . interim statement was published on 18 June talking about 10% reduction in revenue.
Paul Scott's last report on 12 March had a positive tone but looking at the stock's page the (diluted) EPS Growth is -60.7%. but it may be related to the recent acquisitions.
Does the TTM figure shown contain the results of the last months or only until the last interim statement?
In short should I start to worry? The stock seems to have lost its momentum and I am afraid it might turn to a downward direction..
On the other hand
"St. Ives plc’s “Buy” Rating Reaffirmed at N+1 Singer (SIV)"
"http://www.watchlistnews.com/2013/06/18/st-ives-plcs-buy-rating-reaffirmed-at-n1-singer-siv/
Also, the price target is currently set to 182p.
Any help would be appreciated.
Hi Seasons
Great company but recent IMS had too much of a negative tone for me, I sold out. May revisit if it pulls back. Just can't see share price pushing forward given comments below especially considering run its had in last year. That said I've been wrong many times before..... :)
"Group revenue for the seventeen week period to 31 May 2013 was 4.6 million,
approximately 4%, lower than for the equivalent period in the previous
financial year. The decline was due to the expected reduction in Print revenue
of approximately 10%, as a result of exiting non-profitable markets, partially
offset by Marketing Services revenue growth of approximately 30%.
Whilst there is no sign of improvement from the difficult trading conditions
across our Print markets, our Marketing Services businesses are performing
well, growing and combining to offer a unique and compelling customer
proposition."
J
