Company
LON:ASCL
Ascential is an international business-to-business media company. We inform and connect business professionals in more than 150 countries through market-leading Exhibitions, Festivals and Information Services. Ascential powers the prestigious Cannes Lions festival for the branded communications industry, the world’s premier market leading payments and financial services innovation congress Money 20/20, and the global fashion trend forecasting service WGSN. 82% of Ascential’s revenues are generated by products that are number one in their respective markets. We exist to provide our customers with world class content and connections empowering their businesses to be the best informed and best connected. Our products enable focus, growth and value.
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The US bank's analysts ramped up their share price target to 1,150p from 870p for the advertising group as organic growth is expected to improve in the second half of the year
The conference organiser said in a trading update for the six months ended 31 March that revenues were up 42% year-on-year at £107mln, a 6% increase on a like-for-like basis and in line with expectations
The business information and exhibitions specialist reported pre-tax profits for the year ended 31 December 2018 of £28.9mln, up 42% on the prior year, while revenues surged 9.6% on a proforma basis to £348.5mln
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The Week Ahead will also bring a trading update from AB Foods, plus final results from Standard Chartered, IAG, Persimmon, Rightmove, as well as the latest US GDP data
Analysts said they were now forecasting 18% earnings per share compound annual growth rate for 2018-20 following “the integration of higher-growth acquisitions but also an uplift to forecasts on certain existing brands”
The FTSE 250-listed specialist information company said it was paying the consideration out of existing cash reserves using capital released from the sale of its exhibitions business
With the latest round of sanctions from the US against Russia due to come into force on August 22, the market seems to have had little reaction, but what could the future hold?
Citi's sum-of-the-parts valuation is about 45p above the current share price but nevertheless, the US finance house has seemed the share price is now up with events
Ascential said it is trading in line with its expectations for the year and remains "confident in our overall 2018 performance"
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Over the five sessions in the Week Ahead, around 20% of the FTSE 100 index will report results or issue a trading update, with about half that number due on Thursday alone
The information publishing sector is in rude health, according to Deutsche Bank
The FTSE 250-media agency said it had acquired WARC for an initial cash consideration of £19.5mln plus deferred consideration of £4.5mln to be paid in 2019
Berenberg's analysts said: “Given specific brand dynamics and a possible sale of part of the company’s exhibition business leaving an almost 18% gap in group EBITDA, we believe Ascential may look to buy itself the growth that investors have
London's blue-chips closed up around 45 points but below the 7,300 level
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The week ahead includes a slew of full year results, including from Taylor Wimpey, Persimmon, GKN, Capita, AB Foods and WPP
Dublin-based Clavis’ technology allows companies to track and optimise the performance of their products across hundreds of retailer websites and mobile commerce sites
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Week ahead: Lloyds, Barclays, AstraZeneca, GlaxoSmithKline, Sky, Reckitt Benckiser
Ascential, jointly owned by Apax Partners and Guardian Media Group, said full year revenues were driven by the launch of new products
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Having seen the big drugs, oils, and banking sectors dominate over the past few weeks, investors will have less FTSE 100 results to digest in the coming week.
