Updates

Highbury House - Sharp rise in gearing

May 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.

Although Highbury's results for the year ended 31 December showed a headline loss of Â£25.7m, that was after taking a Â£27.8m goodwill impairment charge and Â£3.3m exceptional restructuring cost in its business publishing division. These actions had been well flaggedso the shares have barely moved, as investors focused more on Highbury's underlying pretax profit, which was Â£7.5m, down from Â£9.6m last time. Continuing the pattern of recent years Highbury's consumer publishing side performed the most creditably, increasing itsprofit contribution by 25% to Â£11.0m, with the help of first-time contributions from Cabal and Paragon, with the former continuing to exceed management's expectations. At the underlyin ...

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Monstermob - Launches betting game

Mothercare

Highbury House - Cut losses (September 2004)

Highbury House (July 2004)

Highbury House - Allays trading fears (March 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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