Updates

Johnston Press - Trading ahead of expectations

July 2003

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Regional newspaper giant, Johnston Press, is another to have benefited from fund managers increasing their weightings in the sector,with its shares now up 70p since our tip last December. The catalyst for the latest spurt was a statement that trading was ahead ofthe Board's expectations, with like-for-like advertising sales up 2% for the first five months. All classified advertising categories showed growth, the pick of which was property (up over 15%) which Johnston attributed to the slower property market. DeutscheBank is upgrading its forecast to reflect higher than expected annualcost savings from the acquisition of Regional Independent Media ofÂ£10m, as well as an estimated 7% fall in newsprint costs. & ...

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Johnston Press - Operating margins jump to 35.2% (October 2004)

Johnston Press - 530p price target (February 2004)

Johnston Press (October 2003)

Johnston Press - Profit "to be at top end of forecasts" (February 2003)

Johnston Press (December 2002)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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