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Panmure wrote a note on DMG Media this morning, it's up on Research Tree: "DMGT reports interims on May 26th. Although we expect trading to remain generally tough, our updated SOTP valuation of 735p (from 700p, 1% above the current share price) suggests that much is already discounted in a valuation of just 13.3x EPS (calendar 16E). Despite the valuation attractions, we remain cautious. We are concerned that the longer term case for buying the shares is eroding, given growing structural pressures on parts of the portfolio, and increased strategic uncertainty following the new CEO appointment. Apply..."
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