Comment 

A fundraising well worth backing

Simon Thompson

Simon Thompson
A fundraising well worth backing

Marketing services provider Communisis (CMS: 45p) has been on my watchlist for the past year, during which time I have advised buying the shares on no fewer than four occasions since initiating coverage when the price was 28.5p ('Small-cap trading buy', 13 Feb 2012). I subsequently reiterated that advice in the autumn when the price was 40p ('Communisis shares to fly', 19 Oct 2012) and also at 36p ('Happy Capital returns', 17 Dec 2012). In fact, I was so convinced that the company would not disappoint in a trading statement ahead of full-year results on Thursday 7 March 2013 that I recommended buying again twice last month ('Jumping the gun', 14 Jan 2013 and ‘Bumper trading gains’, 23 January 2013).

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