Support yesterday and this morning20 Jul 2007 11:08
Have held some shares in ATG for a few weeks now. As many will know this is a well run Company and tipped by Tom Winnifrith at t1ps.com with additional cover today on Sharecrazy. This will be worth investing in without a doubt and I quote
"The shares in this growth media and public relations business currently trade on a prospective multiple of 11.8, falling to 10.6. Earnings will be up to least 6p within a couple of years, but there's no need to look that far ahead just yet. A business that will grow earnings by 26% this year and 11% next year, should attract a multiple of 15. And so, by the close of this year, the market will be looking at 2008's prospects. 15 times next year's earnings gives us a starting point of 79.5p, plus the 10p per share in cash, gives us an initial target price of 89.5p. Let's not forget that we will also get a dividend of at least 0.7p per year, so there is also a 1.4% yield and so Adventis is a "buy" at 56.25p at up to 60p, with a 12 month target price of 89.5p."