Print Published 14th Aug 2017, 13:56

Sector share prices: 12 August 2017

MSFI Index 12Aug17

Share prices in the marketing sector remained fairly static in the month to 12 August and the sector’s MSFI Index improved by only 0.87%.  However, that improvement was slightly better than the 0.87% decline in the FTSE All-Share Index during the same period.

Leading the upward price movement were shares in St Ives and Huntsworth.  St Ives had issued an upbeat projection of its year end results (see St Ives optimistic about year’s results) and Huntsworth had announced a return to profit in the half year to 30 June with a big boost from its healthcare division and a modest profit contribution from its Grayling international division (see Healthy profit recovery at Huntsworth).

Sliding backwards were shares in Matomy Media Group (down 14% after issuing an unhelpful trading update for the half year to 30 June – see Matomy issues meaningless profit projection) and Be Heard Group (down 10.2% despite a 155% rise in net revenue – see Be Heard appoints another non-exec director as revenue grows by 155%), among others.

M&C Saatchi’s shares lost 4.6% in the month, bringing the cumulative decline over the past year to 10% ahead of the company’s half year results.   Shares in Porta Communications also continued to lose ground – down by 3.5% in the month and by 29.3% over the year – despite a £3 million capital injection from SEC, the AIM listed Italian public relations group, and a restructuring of borrowings that included a conversion of some debt into share capital (see Italian PR group injects £3m into Porta: Morton loans restructured).

sector share prices 12Aug17