image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Our latest issue will be released in 11 days, don't miss out!

Johnston Press - Eyeing another sizeable acquisition

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.

Regional newspaper baron, Johnston Press, has been a long-time TMI favourite on account of the strength of its local franchises and the fact that management have ratcheted up earnings growth through acquiring and successfully integrating several large acquisitions. Few can match its remarkable feat of growing pretax profit by 270% and earnings by 141% over the last six years. With the advertising cycle now moving firmly in its favour, the latest forecasts which indicate another 22% increase in earnings to 37.8p over the next two years look eminently achievable, particularly if Johnston can hook another acquisition. For many years, Johnston Press was a sleepy, family-run outfit until the appointment of Tim Bowdler as chief ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

LIMTED TIME OFFER

SUBSCRIBE TODAY AND SAVE £30 USING OFFER CODE 30OFFTMI

To access our archive of articles and receive current issues you need to subscribe