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ANALYST VIEWS: WILL DMGT CONTINUE TO OFFER GOOD VALUE?

Steve Dinneen
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LORNA TILBIAN | NUMIS
“We remain firm supporters of DMGT which has business to business businesses which are at least as strong as its rivals combined with best in class business to consumer assets. The group remains one of our key picks for 2010 and on our higher forecasts our target price increases from 579p to 605p.”

DAVID BUIK | BGC PARTNERS
“This is a very good performance in a tough trading environment. The cost savings are very significant, and the sale of the Evening Standard and the cutting off of its London Lite venture have obviously helped its bottom line. The firm is sailing in the right direction and it should continue to achieve its goals.”

GARETH DAVIES | INVESTEC
“DMGT has reported a good set of numbers – revenues and Ebitda were in line with what we felt were aggressive profit forecasts, and adjusted earnings per share were well ahead, helped by a lower finance charge. The outlook statement was positive across the board.”