Report

Update: Strong overall trading, plus £4.3m share placing

Next Fifteen released a positive trading update saying that it continues to see strong overall trading. With the group changing its year end to January, management says that the results for the 12 months to January 2015 are anticipated to be above the top end of expectations. Its US businesses, which contribute over half of the group’s revenues, are again delivering double-digit revenue growth. We have realigned our estimates to the January year end for FY15 and FY16 – these reflect the trading update and incorporate the benefit of the relative recent strength of the US dollar. In addition, the group is placing 3.09m shares at 145p, raising a net £4.3m, to add to the group’s resources – management expects to complete a number of identified infill acquisitions in H116.
Underlying
Next Fifteen Communications PLC

Next Fifteen Communications Group is a communications group. Co. is centered on the technology of marketing: data, insight, analytics, apps, content platforms and content itself. Co. owns 17 marketing businesses. Co. comprises agencies spanning digital content, marketing, PR, consumer, technology, marketing software, market research, public affairs and policy communications. All brands operate as autonomous businesses, allowing Co. to service competing clients. Co.'s sectors include digital, digital content, policy communications, investor relations, marketing software, market research, consumer, and technology.

Provider
Edison Investment Research
Edison Investment Research

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.

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