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Independent Media Distribution
- BY: Andrew Hore |
- POSTED: 15/12/2009 |
Online distributor of advertising to TV and radio stations Independent Media Distribution will beat market expectations for 2009.
House broker Charles Stanley has increased its 2009 profit forecast from £1.3m to £1.5m. This is the third profit upgrade during 2009.
The improvement in trading during the summer has continued into the autumn.
At 53.5p a share, up 4p on the day, IMD is valued at £18.3m. The shares are trading on 16 times prospective 2009 earnings, falling to 13 in 2010.
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