Print Published 12th Nov 2017, 19:11

Sector share prices: 12 November 2017

MSFI Index 12Nov17

Shares in marketing companies had their best performance since January in the latest month to 12 November.  The sector’s MSFI Index increased by 3.59% to 78.7 (January 2001 = 100) while the FTSE All-Share Index slipped back by 1.49%.

However, the share performance among marketing companies remained patchy, although those in dotDigital Group leapt up by 27.2% in the month after announcing a 33% rise in post-tax profit (see dotDigital’s profits up by 33%: cash pile reaches £20.4m).  Shares in Reach4Entertainment Enterprises also recovered by 54.2% for no obvious reason apart from announcing the appointment of a new chief executive, having breached its banking covenants again (see Marc Boyan takes r4e chief executive role).

Despite those two noteworthy price rises, two-thirds of listed marketing companies’ shares suffered a decline in share price during the period.  As previously reported, shares in WPP continued their decline, falling by 5.1% in the month and by 20.6% in the past year (see WPP’s share price hits three year low).

But even bigger falls were recorded by Zinc Media Group (down 31.9% after raising new capital to fund an acquisition), Be Heard Group (down 8.8%) and Cello Group (down 8.4%) and Crossrider (down 6.3% after reporting another loss – Crossrider still incurring losses – this time £0.8m).

Sector share prices 12Nov17