Adventis H1 pretax jumps 57 pct, sees FY meeting market forecasts
AFX


LONDON (Thomson Financial) - Adventis Group PLC exceeded targets with a 57 pct jump in pretax profit for the first half of 2007 to 1.26 mln stg from 799,000 stg a year earlier.

The specialist multi-media marketing and advertising agency said the outcome for the remainder of the year looks encouraging and the group is on course to meet market expectations.

Turnover for the six months to end-June was 24.9 mln stg, up 52 pct from 16.4 mln in 2006.

The board increased the interim dividend to 0.23 pence from 0.22 pence.

Chairman Peter Mitchell said the group's pretax profit-to-revenue margin exceeds 20 pct which is a rare achievement amongst marketing services businesses.

He added that the group continues to focus on property, financial services and healthcare.

The company currently has no borrowings having financed its acquisition strategy from its own resources. As a result it has a very strong balance sheet which will help fund future acquisitions, which it continues to actively pursue.

This stock seems to be unloved. Great results - Nearly 4m cash - No debt and good prospects. Crazy share price movements.

Same applies today - 4 years later.

Adventis soars on positive update

By Sarah Modlock | Fri, 20/01/2012 - 12:02


Shares in AIM-listed media company Adventis (ATG) rocketed 244% to a new 52-week high on Friday as the company provided a positive trading update.

For the year ended 31 December 2011, Adventis said it expects to report gross revenues of approximately £29 million, gross profit/net revenues of approximately £10 million, and an operating profit before central costs of approximately £0.5 million.

Central costs will be approximately £1.2 million before interest. In addition, exceptional reorganisation costs, relating to the closure of the health division and restructuring of the board, will be approximately £0.5 million. Goodwill impairments already announced in relation to the health division closure and sale of the media businesses will be approximately £4.3 million.

"2011 was not a good year for Adventis, although we have made reasonable progress in cutting head office costs and selling or closing underperforming businesses," commented chairman Nick Winks.

He said the priority for this year is to focus on integrating and growing the technology businesses. "Debt levels are being managed down and, while much remains to be done, the directors view the future prospects of the group with cautious optimism."

Following the disposals assets within the company's media division and the orderly wind-down of Adventis Health, the group's principal business now comprises two complementary technology marketing services businesses, Second2 Limited and bChannels Limited (the technology division) along with a small property marketing creative agency, Gilbert Doyle Oakmont Limited, which trades as AP Marketing.

During the period, the technology division, which is now the core continuing activity of the group, is expected to report gross revenues of approximately £8 million, gross profit/net revenues of approximately £4.6 million, and an operating profit of approximately £0.5 million.

The technology division enters 2012 with a significant recent contract win from a major global technology brand and is exploring an opportunity to establish a presence in North America. Sales and other synergies are being realised and the division's proprietary software platform, Partnermarketing.com, is seeing good growth in client numbers and revenues.

Bank indebtedness across the group stood at £2.2 million. It is expected that realisation of retained net working capital following the sale of certain assets held by the media division will generate net inflows of approximately £0.5 million, which will be used to reduce indebtedness.

The directors of the company said they believe that the group's restructuring programme is substantially complete

Another 100% !!

and again - Noboby else involved here?

Just the 25% today. Suprised nobody has anything to say.

I am out now and moved onto GMA.

Good luck to those still holding

It's a shame the board of turnaround experts take so long to let the market have the bad news. Cautious optimism a few months ago now we have cautious pessimism. If they can't pull it off they should have said so long ago. Better to appoint an administrator now!

Just another one to go down the pan. Went down whilst I hadn't got internet access so naff all for me to do to even loose a little not the dam lot. GMA not that brilliant either. Hope your losses are not as great as mine.

Oh! Dear! definitely bitten the dust.

No doubt Winks will be claiming his monthly fees in advance until the end. What about a failure fee on top. These people always win at the expense of others; someone needs to look into this situation in detail or better still refer it ...........

We will never win in a case like this pethris - we paid our money and took the chance unfortunately. It was hyped up when I got in and never thought this would happen 3 months later but it has. What upsets me is that the news was given at gone 1.00 p.m. this afternoon not 7.00 a.m. this morning when they knew what was happening weeks ago.

THIS COMPANY HAS BEEN OPERATED BY TURNAROUND EXPERTS. THEY ARE ACCOUNTABLE TO SHAREHOLDERS. HAS THE JOB BEEN HANDLED IN BEST INTERESTS OF SHAREHOLDERS? IF IT WAS AND IS INSOLVENT WHY HAS TRADING BEEN ALLOWED IN THESE CIRCUMSTANCES. THEY WOULD HAVE ASSESSED THE SITUATION BEFORE TAKING ON THE JOB SO PRESUMABLY CONSIDERED IT VIABLE.

Suspended!!

Gone is the answer me thinks.