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Digital Marketing Group
- BY: Andrew Hore |
- POSTED: 03/09/2010 |
Digital Marketing Group has announced a collaboration with media planning agency UM, which is part of Interpublic.
This deal will help DMG to provide a better service to international clients.
DMG has also launched mobile commerce services provider 20:20 Connect.
Revenues fell from £56.7m to £48.5m in 2009. Underlying profits declined from £8m to £7.2m. Net debt was £7.26m at the end of 2009. Current trading is in line with expectations. Cenkos forecasts a 2010 profit of £6m.
At 27.75p a share, DMG is valued at £20.6m. The shares are trading on less than six times prospective earnings for 2010.
FinnCap was appointed as nominated adviser and broker on 27 July 2010.
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