Update: First fruits in bud
Creston’s new strategy is showing its first fruits, with its integrated agency approach opening up new referral and pitching opportunities. H114 revenues up by 5% (like-for-like at constant currency) is a respectable result and new business wins give momentum for H2 and FY16. The newly announced partnership with Serviceplan adds the potential to access more international markets without the need for investment. £4.9m of net cash (after contingent deferred consideration) gives Creston the flexibility to reinforce its product and service armoury. The shares remain undervalued.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.