Touch Group
TICKER: TOU EXCHANGE:Touch Group is an international business-to-business publishing group. Its targeted areas are Medical Communications, Online, and Medical Content Research for the Pharmaceutical Device and Diagnostic Industries. It also focuses on the energy industry, covering nuclear power, renewable energy sources, and gas and oil, in both America and Europe. Its main subsidiary, Touch Briefings, publishes a diverse portfolio of information and communications products within key growth sectors, with emphasis on the pharmaceutical, clinical and energy arenas. Through this portfolio - of over 80 print publications, a suite of industry-leading websites and client-specific platforms - Touch Briefings delivers comprehensive information and knowledge that educates and informs key industry leaders through print and online platforms. There are five areas of operation: Medical Journals, Health Sciences, Energy Publications, Bespoke Publications and Clinical Websites.
LATEST REPORTS

Strong order books in 2008
This year should see strong upward movement in gross margins

- Majority of revenues derived from advertising, both from printed and online
- Strong market positioning and corporate flexibility should lead to rapid growth
- The current low PER rating potentially allows for considerable expansion, giving 'fair value' target of 13.2p/share (vs current 6p)

- Recovery after difficult 2005
- Briefings restructured
- Credible strategy to monetise online directory business
- Strong management team in place
- Target price of 14.65p vs current price of 5.5p

- Touch group well positioned to perform in multimedia markets with leading online product
- New leadership, unified management
- Dramatic growth in relaunch of online directory business from a leading position
- Strength in complementary businesses
- Substantial undervaluation versus sector averages