The industry’s MSFI Index has outstripped the FTSE All-Share Index for the third month in a row, finishing at 28.4 on 12 April (January 2001: 100). In the three months to 12 April, the MSFI Index has grown by 21.7% while the FTSE All-Share Index has improved by only 1.4%.
Best performer in the month to 12 April was Progressive Digital Media Group – up by over 30% after its biggest shareholder converted outstanding loans into shares and additional share capital was raised in the market.
Cello Group shares rose by 21.1%, reflecting a sigh of relief from shareholders after the group put behind it a £0.5 million loss for 2011. The Mission Marketing Group saw its shares rise by 20% after announcing much improved results.
At the other extreme, shares in digital specialist Hasgrove experienced an 18.4% fall in the month after a series of profit disappointments. The shares had lost 41% of their value in a year.
Adventis Group suffered a 12.6% fall in its share price in the month after failing to impress with its “turnaround” strategy and being unable to sustain a short-term boost to the share price that followed substantial purchases in January.
Shares in two other digital groups fell by more than 10% in the month. At We are 2020 the shares lost 11.5% and at DotDigital Group the shares lost 11.4%.
