The sensitivity to global marketing budgets combined with the negative headwinds in Marketing Activation and contracting returns within Books have resulted in a 20% cut in our FY17 earnings forecast. We anticipate the group will look to maintain DPS at 7.9p which still affords a reasonable cover above 2x. Whilst the yield may, therefore provide some support, the shock value of a revision to the Strategic Marketing business has undermined confidence in the investment case. Consequently we anti
25 Apr 2016
Profit warning
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Profit warning
Kin and Carta Plc (KCT:LON) | 129 0.3 0.2% | Mkt Cap: 230.2m
- Published:
25 Apr 2016 -
Author:
Ben Thefaut -
Pages:
3
The sensitivity to global marketing budgets combined with the negative headwinds in Marketing Activation and contracting returns within Books have resulted in a 20% cut in our FY17 earnings forecast. We anticipate the group will look to maintain DPS at 7.9p which still affords a reasonable cover above 2x. Whilst the yield may, therefore provide some support, the shock value of a revision to the Strategic Marketing business has undermined confidence in the investment case. Consequently we anti