Print Published 13th Nov 2018, 00:43

Sector share prices: 12 November 2018

While the sector’s MSFI Index and the FTSE All-Share Index both remained fairly static in the month to 12 November, that apparent overall inertia disguised some relatively large individual price movements.

Shares in Communisis leapt by 42% in response to news that the New Jersey based outsourcing specialist OSG Group Holdings had made a £154 million bid for the company (see Communisis bid offers £154m but limited safeguards).

Next Fifteen Communications Group climbed by 8.7% after a successful share issue to fund the acquisition of Activate and a pipeline of other potential acquisitions (see Next 15 buys 100% of Activate for initial 45% of its current value). Overall about one half of the companies in the MSFI Index enjoyed a price rise in the month.

But there were some fairly hefty price falls too.  Shares in WPP fell by another 19.5% in the month, lopping £2.6 billion of its market capitalisation, as investors reflected on recent client losses and the decision to seek a buyer for a majority stake in its Kantar market research division (see WPP to dilute Kantar stake as group revenue falls).

Matomy Media Group shares lost 31.7% of their value as it continued its struggle to return to profitability.  And Sir Martin Sorrell’s new venture S4 Capital lost 11.5% of its value despite reports of another prospective acquisition.  Cello Health also experienced an 11% decline in its share price without any obvious explanation.