CAP Capital Radio


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I have traded these a couple of times between £11 & £12

Does anyone think the fall of .90p taking it down to £10.45
is a little overdone after reading the following this morning.

Capital Radio says sales growth to stay at current levels in next quarter.Like-for-like sales in the quarter from October to December rose 4 percent, while revenues including recent acquisitions rose 12 percent.
They say that sales growth would stay at "similar" levels in the quarter from January to March.
Cautious re current advertising trends, but strong advertising prospects in the long term.

They are now underperforming the FTSE Media index by around 20 percent in the last 12 months.

Opinions anyone?