I know it's not the sexiest of sectors, but do any of the technical chartists here think this represents a testing of a significant resistance?
The MDAs seem to offer support. It looks to me like if it could break that line, then a potential line of resistance at about 336 there will be serious upside to follow.
Can this go places?

Red:25 DMA
Green:50 DMA

TIME FOR THE BOUNCE?

well I did buy some at 75.025p

There is volume as is moving up from the floor

Bought a few for ISA long term @70.50. Interims Wed 7/3

Peel Hunt Buy 71.25 130.00 130.00 Reiterates

ST IVES plc

Half Year Results for the 27 weeks ended 2 February 2018
St Ives plc, the international marketing services group, announces half year results for the 27 weeks ended 2 February 2018.

Financial Highlights


27 weeks to

2 February

2018

26 weeks to

27 January

2017

%age

change

Continuing operations:

Revenue

£146.5m

£136.7m

+7%

Adjusted profit before tax1

£12.7m

£9.5m

+35%

Adjusted basic earnings per share1

7.06p

5.26p

+34%

Statutory loss before tax

£(15.0)m

£(3.1)m



Statutory basic loss per share

(11.57)p

(2.96)p



Interim dividend

0.65p

0.65p



Net debt

£42.2m

£54.6m2



1 Adjusted results exclude Adjusting Items to enhance understanding of the ongoing financial performance of the Group. Adjusting Items comprise of redundancies, restructuring costs; gain or loss on disposal of properties; impairment or amortisation charges related to goodwill, tangible and intangible assets; contingent consideration required to be treated as remuneration; movements in deferred consideration and costs related to the St Ives Defined Benefits Pension Scheme.

2 Net debt as at 28 July 2017.

3 Continuing operations excludes the results of the four Marketing Activation businesses disposed of at the end of February 2018 (Note 8).

4 Like-for-like revenue is calculated by applying prior period exchange rates to local currency results for the current and prior periods.



· A positive six months, with encouraging growth in both Group revenue and adjusted profit before tax from continuing operations.

· Strategic Marketing, which lies at the centre of the Group's long term growth strategy, delivered like-for-like4 revenue growth of 23%, representing 85% of the Group's adjusted operating profit.

· Disposal of four businesses within the Marketing Activation segment significantly reduced Group exposure to commoditised print markets.

· Net debt reduced to £42.2 million from £54.6 million at 28 July 2017.

· Interim dividend maintained at 0.65 pence, to reflect both ongoing investment in organic growth of the Strategic Marketing segment and strengthening the balance sheet.

Matt Armitage, Chief Executive, said:

"This is an encouraging first half performance, with notable progress in our higher growth and higher margin Strategic Marketing segment, offsetting commercial pressures elsewhere in the Group.

"Strategic Marketing continues to go from strength to strength, and making a significant 85 percent contribution to adjusted operating profit during the period. Trading continues to be strong in this segment. We are encouraged by new projects won from both existing and new clients, and excited by the opportunities generated from increased collaboration between our businesses.

"Having indicated our intention to remain focused on diversifying into other sectors, we are pleased to have recently announced the disposal of a significant element of our Marketing Activation segment. This significantly reduces the Group's exposure to the structurally challenged, commoditised print markets and the risk of further, potentially significant re-structuring costs.

"We remain confident in our long-term growth strategy to generate value for shareholders."

Well done Chris.

Cheers skinny.