Ascential (ASCL)

Sector:

Media

Index:

FTSE 250

394.40p
   
  • Change Today:
    -1.60p
  • 52 Week High: 421.20
  • 52 Week Low: 319.00
  • Currency: UK Pounds
  • Shares Issued: 402.81m
  • Volume: 43,105
  • Market Cap: £1,588.67m
  • RiskGrade: 116

Ascential slumps as Money 20/20 China event deferred

By Michele Maatouk

Date: Friday 25 Oct 2019

LONDON (ShareCast) - (Sharecast News) - Shares of Ascential slumped on Friday after it said the Money 20/20 China event had been deferred and would not take place this year.
"The decision to defer Money20/20 China has been taken in light of a short-term hiatus for international companies in the Chinese Fintech market, arising from a combination of macro-economic trends and changes in local market dynamics including significant changes in the peer-to-peer lending sector (an important revenue source in 2018)," it said.

It said management intends to return the event to Hangzhou in China in due course "when market conditions are conducive to a high quality event that befits its importance".

The 2018 edition of Money20/20 China generated £2.5m of revenue. Ascential said the one-off costs relating to Money20/20 China are not expected to impact adjusted earnings before interest, tax, depreciation and amortisation for 2019 by more than £1.5m.

Broker Liberum said that while the news is "unarguably negative", the impact on group revenues and profits is "negligible".

At 1015 BST, the shares were down 5.6% at 343.17p.

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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.

 

Ascential Market Data

Currency UK Pounds
Share Price 394.40p
Change Today -1.60p
% Change -0.40 %
52 Week High 421.20
52 Week Low 319.00
Volume 43,105
Shares Issued 402.81m
Market Cap £1,588.67m
RiskGrade 116

Ascential Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.9% below the market average88.9% below the market average88.9% below the market average88.9% below the market average88.9% below the market average
83.05% below the sector average83.05% below the sector average83.05% below the sector average83.05% below the sector average83.05% below the sector average
Price Trend
29.89% above the market average29.89% above the market average29.89% above the market average29.89% above the market average29.89% above the market average
34.33% above the sector average34.33% above the sector average34.33% above the sector average34.33% above the sector average34.33% above the sector average
Income
76.34% below the market average76.34% below the market average76.34% below the market average76.34% below the market average76.34% below the market average
67.74% below the sector average67.74% below the sector average67.74% below the sector average67.74% below the sector average67.74% below the sector average
Growth
38.36% above the market average38.36% above the market average38.36% above the market average38.36% above the market average38.36% above the market average
40.98% above the sector average40.98% above the sector average40.98% above the sector average40.98% above the sector average40.98% above the sector average

What The Brokers Say

Strong Buy 9
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 10
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Ascential Dividends

  Latest Previous
  Interim Final
Ex-Div 29-Aug-19 16-May-19
Paid 27-Sep-19 14-Jun-19
Amount 1.80p 3.90p

Trades for 28-Jan-2020

Time Volume / Share Price
14:38 400 @ 394.40p
14:37 311 @ 394.60p
14:37 424 @ 394.40p
14:37 142 @ 394.40p
14:37 400 @ 394.40p

Ascential Key Personnel

Chair Scott Forbes
CEO Duncan Painter
CFO Mandy Gradden

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