Updates

Informa - Rights issue resolves funding concerns

June 2009

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.

Shares in business publications and events operator Informa leapt to a new 12 month high of 286p after it announced it is raising Â£242m via a rights issue, with shareholders invited to subscribe for two new shares for every five they already hold at a price of 150p. Analysts broadly welcomed this move as it will provide Informa with the means to reduce its debt levels to 3 times net debt to EBITDA, with its target being to further reduce this to 2-2.5 times in the medium-term. The rights issue also means Informa is now very unlikely to breach its banking covenants and almost certainly won't have to flog its best assets for knock-down prices. Informa was a main write-up last December at 174p (aft ...

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Southern Cross - Portfolio constituent hits six-month high

William Hill

Informa - â€œGrowth acceleration planâ€ triggers share spike (May 2015)

Informa - Eyes further deals (May 2014)

Informa - Disposal of corporate training boosts quality of earnings (October 2013)

Informa - Business publishing and events firm looks set for re-rating (April 2013)

Informa - Net debt falls again (September 2012)

Informa - Falling debt should lead to re-rating (April 2012)

Informa - High quality publishing and events company on low PE (December 2011)

Informa - Blue chip publisher and events organiser looks good value (November 2011)

Informa (October 2010)

Informa (June 2010)

Informa - Gains now exceed 150% (April 2010)

Informa - Aborts Springer aquisition (January 2010)

Informa - Smaller events closed to protect margins (September 2009)

Informa - Beats forecast (May 2009)

Informa - Shares rally after positive update (February 2009)

Informa - Publisher and events organiser on give-away price to sales ratio of 0.69 (December 2008)

Informa - Proposed merger with Taylor & Francis (April 2004)

Informa - Acquires PJB for £120m (February 2004)

Informa - Leader in business publishing and conferences hunting for acquisitions (November 2003)

Informa - Shares recover after Iraq war ends (July 2003)

Informa (November 2002)

Informa - Prospective PE just 11.8 (August 2002)

Informa - 73% gain in 5 months (April 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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