Kin and Carta (KCT)

Sector:

Support

Index:

FTSE Small Cap

89.00p
   
  • Change Today:
    -2.00p
  • 52 Week High: 111.50
  • 52 Week Low: 76.00
  • Currency: UK Pounds
  • Shares Issued: 153.34m
  • Volume: 36,043
  • Market Cap: £136.47m
  • RiskGrade: 82
  • Beta: 0.39

St Ives sells book production business Clays to Italy's Elcograf

By Michele Maatouk

Date: Tuesday 01 May 2018

LONDON (ShareCast) - (Sharecast News) - Marketing services group St Ives has sold its legacy book production and distribution business, Clays, to Italian printing company Elcograf for £20m.
St Ives has retained the freehold to Clays' operating site in Bungay, Suffolk, which Clays will continue to lease from the group on a long-term basis, and will also retain the pension liabilities associated with the business. It has agreed to make a £2.5m contribution from the proceeds of the disposal to the St Ives Defined Benefits Pension Scheme, while the balance of the proceeds will be used to reduce debt.

In the year to 28 July 2017, Clays - which prints monochrome and colour books and provides associated distribution services to UK and overseas publishers - reported revenues of £77.7m and a pre-tax loss of £1.6m.

Chief executive Matt Armitage said: "Today's sale of Clays is a major milestone for St Ives, which will allow our senior management team to focus entirely on growing the group's strategic marketing businesses, both in the UK and internationally.

"Over fifty years ago, St Ives was founded as a print business. But as our markets and customer preferences changed, we too evolved, reducing our exposure to the commoditised print markets while embracing the digital world, becoming a leader in the marketing services industry through acquisition and organic growth.

"This transformation began in 2010 and, following the recently announced disposals of our legacy print businesses, we are now a more focused strategic marketing group, well equipped to deliver the exciting next stage in St Ives' evolution."

At 1020 BST, the shares were up 6.6% to 92.10p.

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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 89.00p
Change Today -2.00p
% Change -2.20 %
52 Week High 111.50
52 Week Low 76.00
Volume 36,043
Shares Issued 153.34m
Market Cap £136.47m
Beta 0.39
RiskGrade 82

Kin and Carta Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
8.33% above the market average8.33% above the market average8.33% above the market average8.33% above the market average8.33% above the market average
30.58% above the sector average30.58% above the sector average30.58% above the sector average30.58% above the sector average30.58% above the sector average
Price Trend
7.82% below the market average7.82% below the market average7.82% below the market average7.82% below the market average7.82% below the market average
8.8% below the sector average8.8% below the sector average8.8% below the sector average8.8% below the sector average8.8% below the sector average
Income
1.79% above the market average1.79% above the market average1.79% above the market average1.79% above the market average1.79% above the market average
2.33% below the sector average2.33% below the sector average2.33% below the sector average2.33% below the sector average2.33% below the sector average
Growth
79.57% below the market average79.57% below the market average79.57% below the market average79.57% below the market average79.57% 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 21-Nov-2019

Time Volume / Share Price
16:35 3,674 @ 89.00p
16:29 354 @ 90.20p
16:28 500 @ 89.00p
16:27 7 @ 88.40p
16:27 350 @ 88.40p

Kin and Carta Key Personnel

CEO J Schwan
CFO Chris Kutsor

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