Print Published 12th Feb 2018, 20:52

Sector share prices: 12 February 2018

The impact of last week’s stock market dip has continued almost unchanged since.  On the morning of 6 February, after the main price slide, the sector’s MSFI Index stood at 78.2, having lost 4.2% of its value overnight.  But after further oscillations the MSFI Index had returned to 78.2 by tonight.

Taking our normal one month view, nearly all the listed marketing companies had lost value by 12 February.  The exceptions were Be Heard Group, Communisis, Crossrider and Jaywing.

At Be Heard Group, the price improvement was modest and offset a far bigger fall in the previous month after the company announced that profitability for 2017 was expected to fall below market expectations due to a number of “unexpected” factors (see Be Heard issues profit warning, splits executive chairman role and seeks new CFO).  Shares in Communisis responded to news that it performed well in 2017, had reduced its debt and cut its pension deficit by £16.5 million (see Communisis cuts pension deficit by £16.5m).  It was not clear why shares in Crossrider improved or why shares in Jaywing responded positively after last November’s profit warning, although the implication is that things are getting better.

Some of the worst share performances in the month to 12 February were those of Zinc Media (down 20% after raising more capital last year and acquiring Tern Television), dotDigital Group (down 13.3%) and Matomy Media Group (down 13%).