Christie Group (CTG)

Sector:

Support

Index:

FTSE AIM All-Share

104.50p
   
  • Change Today:
      1.50p
  • 52 Week High: 125.00
  • 52 Week Low: 86.50
  • Currency: UK Pounds
  • Shares Issued: 26.38m
  • Volume: 5,100
  • Market Cap: £27.56m
  • RiskGrade: 109
  • Beta: 0.07

Christie Group beats forecasts but warns of uncertainty in 2016

By Oliver Haill

Date: Monday 04 Apr 2016

LONDON (ShareCast) - (ShareCast News) - Christie Group, which provides professional business services to the leisure, retail and care sectors, grew sales 9% last year but said 2016 had started "quietly".
For calendar 2015, revenues grew to £63.7m and while broadly stable margins meant operating profit was slightly above flat at £3.8m, higher pension scheme costs saw pre-tax profits fall 6% to £3.16m.

The professional business services are contributed grew sales by 9% but the stock and inventory services unit suffered in the weak market for UK retail stocktaking.

Thanks to lower taxation, earnings per share increased 4% to 9.73p.

Directors recommended a flat final dividend of 1.5p per share, lifting the total payout 11% to 2.50p compared to last year.

Chief executive David Rugg said the expanded team, range of services and investment in systems meant it was "soundly based for the future".

However, he added: "The year started quietly but has begun to gather pace with the spring. Our pipeline of pending deals in progress continues to grow."

Though the retail sector was tough in 2015, the company said the trend for physical retailers to move to a click-and-collect model was stimulating growth in the retail stocktaking supply chain division.

"In the long-term this presents clear opportunities. Cohesive, well-ordered supply chains are critical for bricks and clicks retailers."

Rugg said 2016 results were likely to be weighted to the second half but he remained optimistic of the outcome.

Broker Panmure Gordon said the 2016 softness led it to reduce PBT forecasts by circa 7% to £4.2m and does not forecast a return to modest profitability for the stock and inventory services business until 2017.

However, analysts believe the current 25% discount to the wider market is unwarranted.

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.

 

Christie Group Market Data

Currency UK Pounds
Share Price 104.50p
Change Today 1.50p
% Change 1.46 %
52 Week High 125.00
52 Week Low 86.50
Volume 5,100
Shares Issued 26.38m
Market Cap £27.56m
Beta 0.07
RiskGrade 109

Christie Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
0.17% above the market average0.17% above the market average0.17% above the market average0.17% above the market average0.17% above the market average
2.48% above the sector average2.48% above the sector average2.48% above the sector average2.48% above the sector average2.48% above the sector average
Price Trend
4.38% above the market average4.38% above the market average4.38% above the market average4.38% above the market average4.38% above the market average
1.59% above the sector average1.59% above the sector average1.59% above the sector average1.59% above the sector average1.59% above the sector average
Income
44.14% above the market average44.14% above the market average44.14% above the market average44.14% above the market average44.14% above the market average
20.93% above the sector average20.93% above the sector average20.93% above the sector average20.93% above the sector average20.93% above the sector average
Growth
38.99% above the market average38.99% above the market average38.99% above the market average38.99% above the market average38.99% above the market average
31.62% above the sector average31.62% above the sector average31.62% above the sector average31.62% above the sector average31.62% above the sector average

Christie Group Dividends

  Latest Previous
  Interim Final
Ex-Div 10-Oct-19 06-Jun-19
Paid 01-Nov-19 05-Jul-19
Amount 1.25p 1.75p

Trades for 15-Nov-2019

Time Volume / Share Price
13:08 100 @ 102.25p
08:05 5,000 @ 104.90p

Christie Group Key Personnel

COO Dan Prickett

Top of Page