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Creston - Two acquisitions expected by year end

July 2002

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.

  • Epic Code:
  • CRG
During the month we met again with Creston's (50p) chief executive, Don Elgie, following release of  results for the year to 31 March, the first since Creston's relaunch as a "buy and build" marketing services business. Creston has completed two acquisitions to date. Based on a full year from Marketing Sciences and four months from Real Adventure, profit before tax was £207,000 after deducting head office costs of £559,000. Sales were £9.8m and net cash at the period end was £1.9m. Investors have, understandably, become so cautious about anything even vaguely related to advertising that they may be missing the investment potential in Creston which is a relatively rare commodity as a pure marke ...

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