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Charterhouse Communications

Companies: CHO   
17/02/2000

The financial media group has unveiled record interim figures. The main drivers in the group's success seem to have been the private investor boom and the buoyant property market. Charterhouse now has 18 titles, all based around personal finance and investment. The group has also launched a new website, themoneypages.com. This venture promises to provide another valuable distribution medium for its products and a useful source of revenues in its own right. In the six months to 30 November, turnover rose 29% to £4.51m, including one month's contribution from Independent Research Services. This outfit publishes the Successful Personal Investing home study course, and was acquired in November for £6.1m. Before the amortisation of goodwill relating to this acquisition, pre-tax profits climbed 41% to £973,000. Earnings per share rose 36% to 0.70p while the dividend was raised up 2% to 0.22p. The shares have risen by over 150% since the beginning of the year. Brokers are looking for £2.5m of profit for the full year.

Market cap: £79.2m
PE Average: 78.0
PE Forecast: 43.6
PE Historic: 80.0
Share price: 78.5p

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