Updates

Highbury House - Allays trading fears

March 2004

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.

After previously warning that the tough conditions experienced in business publishing had spread to its consumer magazines Highbury surprised investors with a more upbeat update on 28 January. This said that trading in the last two months of 2003 had been in line with expectations and therefore the year as a whole will meet market forecasts. On the plus side, Highbury has successfullyre-staffed its business division after the disruption caused by the downsizing into a single office. Secondly, overall cost savings have gone up from Â£2m to Â£3m a year, with Highbury having just agreed improved terms for a new newsstand distribution agreement. Thedecision to abort the business publishing sale at what ...

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Highbury House - Cut losses (September 2004)

Highbury House (July 2004)

Highbury House - Sharp rise in gearing (May 2004)

Highbury House - Disposal still awaited (October 2003)

Highbury House - Increasing consumer publishing exposure driving re-rating (September 2003)

Highbury House - Cheap magazine publisher (May 2003)

Highbury House - Consumer publishing doing well (April 2003)

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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