Primary Recommendation

Creston - Possible rags to riches story

February 2011

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

We think Creston has unjustifiably had its card marked as the ugly duckling of the media sector, which on the one hand includes giants like WPP and on the other the second tier of companies such as Huntsworth, Chime Communications and Cello. As the comparative ratings show, shares in Creston trade on the lowest rating of all, at a huge discount to the average. This isn't therefore just some aversion to the media sector generally, which is obviously cyclical but more to do with the fact that Creston was highly acquisitive in the past, with deals often involving chunky deferred considerations. However, the group has now got its house in order and the bad news has become ancient history. A classic transition has come from the sale of ...

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Creston (May 2011)

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Creston (September 2005)

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Creston (March 2005)

Creston - Prospective PE of 11.6 for next year (December 2004)

Creston - Makes fifth acquisition (October 2004)

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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