Interactive Investor

What's in store today...

17th September 2014 00:00

Harriet Mann from interactive investor

Publishing its pre-close statement on Wednesday will be Daily Mail and General Trust, the British media conglomerate.

Analysts' expectations: After its third-quarter statement in July showed trading in-line with expectations with underlying revenue growth of 3% for the period and 5% for the nine months to June, Westhouse Securities does not expect a divergence from the trends witnessed in the fourth quarter, but does hope for improvement in advertising revenues.

Westhouse analyst Roddy Davidson reckons DMGT's fourth quarter results will show revenue growth for the full-year of 7% to £1.9 billion, pre-tax profit growth of 7.4% to £284.4 million and 7% growth in earnings per share (EPS) to 53.3p. He also pegs a dividend increase to 20.6p.

With an 'add' recommendation and 960p target price, Davidson said: "We are encouraged by the positive trading momentum reported by DMGT so far this year and by the progress being made complementing a high-quality portfolio of B2B businesses with an increasingly digitally focused media division.

"We forecast an attractive EPS and DPS outlook and strong cash generation and view the group’s current valuation as undemanding despite a recent improvement in share price performance," he adds.

To find out what else the week has in store, click here.

Wednesday 17 September

Trading statements

ServicePower Technologies, Mi-pay Group, Xlmedia, Transense Technologies, Real Estate Investors.

AGM/EGM

Sefton Resources, Smiths Group, John Swan & Sons, Marwyn Value Investors Limited.

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