Chime Communications plc, along with its subsidiaries, is engaged in providing public relations, advertising, sports marketing, market research, direct marketing, design and event management consultancy.
Kudos go to S Baines for bringing the company to my attention. His brief notes on Twitter:
Earnings growth, strong FCF generation, recent director buying and decent valuation (8.8x FY10) mean I'm happy to hold Chime Communications. 1H11 Results were actually OK. PBT +15%yoy, dividend +13%yoy. Cash from operations of £7.3m compares to mkt cap of £145m. Took a kicking a Chime Communications plc (£CHW) position while I was on holiday. Now down 40% from it's peak.Directors own £2.6m in shares. There was a recent top-up by 2 directors totalling £46k.
ROE 11.4%
Recent problems on 28 Aug have been reported here:
Unrest in the Middle East has had a negative impact on Chime Communications’ PR operations according to the group’s half-year report. The company said that PR was “affected by the slow down in geopolitical work as a result of the turmoil in the Middle East, a reduction in government communication work and the impact of severe debt problems in many countries”. Bell Pottinger stopped work on its lucrative contract with the Economic Development Board of Bahrain earlier this year due to political instability and emergency rule in the country.
CHW goes in at 182.5p. FTAS at 2655.
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