Updates

Highbury House - Cut losses

September 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.

Following puzzling weakness in Highbury's share price, after its broadly positive AGM, Highbury has put out a gloomier trading statementon 23 July, covering the first six months to 30 June. Although profits before goodwill and interest were ahead of last year, reflecting the impact of acquisitions, news-stand sales in several sectors have been disappointing, especially videogames, home entertainment (previously a bright spot) and leisure. This has impacted on Highbury's margins, with the result that the first half will make a smaller contribution than last year. There are some mitigating factors, notably that the profitability of the acquired businesses is more heavily second half weighted, while most of the benefits f ...

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

Subscribe now

Already a subscriber? Login

New Media Spark - Sale of Pricerunner

Connaught - Two large contract wins

Highbury House (July 2004)

Highbury House - Sharp rise in gearing (May 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.

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