The tone of DMGT's conference call was one of cautious optimism. Management's downgrading of guidance to the 'lower end of the range' was due to cover price discounting at the Mail on Sunday following NotW’s closure.
JONATHAN JACKSON | KILLIK & CO
The group has delivered a solid revenue performance, driven by the continued strength of the B2B operations offset by difficult market conditions for the consumer businesses.
STEVE LIECHTI | INVESTEC
The B2B assets seem to be performing well but the consumer assets have been slightly disappointing. Things are looking better for the fourth quarter, with earnings stable – shares look good value.