Kin and Carta (KCT)

Sector:

Support

Index:

FTSE Small Cap

94.00p
   
  • Change Today:
    -1.20p
  • 52 Week High: 111.50
  • 52 Week Low: 76.00
  • Currency: UK Pounds
  • Shares Issued: 153.34m
  • Volume: 43,406
  • Market Cap: £144.14m
  • RiskGrade: 82
  • Beta: 0.40

St Ives offloads slew of marketing businesses

By Josh White

Date: Monday 05 Mar 2018

LONDON (ShareCast) - (ShareCast News) - International marketing services group St Ives announced on Monday that it has completed the disposal of a "significant part" of its marketing activation segment, consisting of SP Group, Service Graphics, Tactical Solutions UK and Flare, to SelmerBridge.
The London-listed firm said the sale formed part of the board's continuing strategy to refocus the group's activities.

St Ives' marketing activation segment would now consist solely of St Ives Management Services - its print management business - which had been retained within the group.

The total consideration for the disposal was based on an enterprise value of £6m, subject to a cash and working capital adjustment, and was paid in full in cash at the time of completion.

According to the board, the division provided point of sale, large format printing services, field sales and marketing services to a largely UK customer base.

As at 28 July last year, the Division had gross assets of £40.8m and in the financial year then ended generated £106.3m of revenue, and a loss before tax of £4.4m.

Its board said the disposal was consistent with the group's strategy of refocusing on its strategic marketing segment, whilst moving away from the commoditised sectors of the print market.

The division had continued to experience "challenging and competitive" trading conditions, with downward price pressure resulting in reduced levels of profitability over recent years.

St Ives said the net proceeds of the disposal would be used to reduce the group's debt.

"Having taken considerable action over the past year to stabilise the performance of the division, we are pleased to complete the sale as part of a planned disposal process," said chief executive Matt Armitage.

"The sale is in line with the board's stated strategy of focusing on the group's core businesses, in particular those within its higher growth, higher margin strategic marketing segment."

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Kin and Carta Market Data

Currency UK Pounds
Share Price 94.00p
Change Today -1.20p
% Change -1.26 %
52 Week High 111.50
52 Week Low 76.00
Volume 43,406
Shares Issued 153.34m
Market Cap £144.14m
Beta 0.40
RiskGrade 82

Kin and Carta Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
0.86% above the market average0.86% above the market average0.86% above the market average0.86% above the market average0.86% above the market average
22.31% above the sector average22.31% above the sector average22.31% above the sector average22.31% above the sector average22.31% above the sector average
Price Trend
11.93% above the market average11.93% above the market average11.93% above the market average11.93% above the market average11.93% above the market average
4.76% above the sector average4.76% above the sector average4.76% above the sector average4.76% above the sector average4.76% above the sector average
Income
0.20% above the market average0.20% above the market average0.20% above the market average0.20% above the market average0.20% above the market average
11.63% below the sector average11.63% below the sector average11.63% below the sector average11.63% below the sector average11.63% below the sector average
Growth
79.7% below the market average79.7% below the market average79.7% below the market average79.7% below the market average79.7% below the market average
91.45% below the sector average91.45% below the sector average91.45% below the sector average91.45% below the sector average91.45% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Kin and Carta Dividends

  Latest Previous
  Final Interim
Ex-Div 21-Nov-19 11-Apr-19
Paid 17-Dec-19 10-May-19
Amount 1.30p 0.65p

Trades for 15-Nov-2019

Time Volume / Share Price
16:35 15,520 @ 94.00p
16:29 75 @ 94.00p
16:29 546 @ 93.60p
16:29 23 @ 93.80p
16:28 225 @ 93.80p

Kin and Carta Key Personnel

CEO J Schwan
CFO Chris Kutsor

Top of Page