Boop
14 Sep 2016
Share price Anyone any idea where the share price is heading?
TX2
08 Aug 2016
Re: Brexit bites Thank goodness Johnston's probs are all down to Brexit "Uncertainties".........Silly me thinking it was down to "certainties" like ever more,indeed most of their advertising drifting to the likes of Rightmove,Auto Trader et al,Social media becoming the main medium for local news,the difficulty in making any useful net revenue for their on line local news offer,the rise in free local papers competing for what printed advertising revenue is left,fewer people wanting to pay for local papers.Not to speak of Johnston's dire balance sheet with its huge debt(understated in balance sheet as it is marked to current market value which is less than par ) ;massive pension scheme;few tangible assets etc etc.
Omaha man
04 Aug 2016
Re: Brexit bites It was pretty obvious from the outset that this was a stock which would be hit hard by Brexit. The inevitable recession was always going to bring a fall in job and home advertising which are the base of income. Having failed to successfully de-leverage during the positive (relatively) years it's going to pay the price as things go downhill again. Having said all that the pricing is so low I am holding on in the hope that it can survive this downturn and maybe be rescued by the online side. I sold a chunk of my stock a couple of years ago - only wish it had been the whole thing.
Sambram
04 Aug 2016
Brexit bites note from N1 Singer on ResearchTree.."The improved Q2 trend in advertising has reversed following the Brexit vote. Operating profit down 16% in H1 was slightly below our expectation, and we expect our full year EBITDA forecasts to reduce in the region of 10%. Leverage has increased to 4.1x EBITDA, reflecting negative FCF in H1 (Working Capital and restructuring outflows) as well as the cost of the i acquisition. Disposals should reduce leverage going forwards, and i has made a strong start under JPR ownership. However, the risks around the stock (cyclical, structural, leverage, pension fund, 2019 bond refinancing) have clearly stepped up in the uncertain post-Brexit climate."
II Editor
04 Aug 2016
NEW ARTICLE: Today’s chip paper? Johnston Press collapses after results "Newspaper owner LSE:JPR:Johnston Press has just been dealt another blow as it nurses a drop in profits and a burgeoning debt pile in the wake of its first-half results. With the newspaper industry on its knees and Brexit uncertainty putting ..."[link]
forwardloop
14 May 2016
Newspaper chief has an eye for digital growth [link]
firm facts
22 Mar 2016
a corner turned Surprised there haven't been more posts here today. A 15% jump in the SP is like the good old JP days! Much better results and hope for the future.
TX2
03 Feb 2016
Crystal Amber Fund. Crystal Amber Fund,the "activist" fund in which I am a shareholder,apparently sees value here based on their recently acquired stake.Heaven knows why is perhaps my first reaction!Let's hope they are correct......
forwardloop
20 Nov 2015
Paul Scott Co is drowning in growing debt & effectively bust[link]
fast sailor
19 Nov 2015
Dismal Revenues Never recruit from an organisation that is given its revenue streams on a plate Now Highfield has to work at creating revenue he is proving at best useless Don't just tell us that revenues are falling - d something abou
fast sailor
18 Nov 2015
watch for BOD new share options Who will give me odds that the BOD issue new share options at the ludicrously low share price One might almost think this fall is being manipulatedLess than 1.5m shares traded and can move this by such a magnitude I would never suggest there is such a connection between Highfield and the cronies With only 345k shares his investment and confidence in the company is nothing less than a joke Why should anyone else have a shred of confidence
fast sailor
18 Nov 2015
Disgraceful BOD Share Price down 70%Directors remuneration up from £1.4m to £2.6mDirector shareholding - patheticAnother ex BBC pr*t who cannot deliver When are you ineffective bunch going to improve this company for the benefit of the owners and not yourselvesI will be writing to the remuneration committee to justify such a high rate of remuneration for such poor performance and lack of commitment to the share Just milking this for all they can
forwardloop
25 Aug 2015
Interims INTERIM RESULTS FOR THE SIX MONTHS ENDED 4TH JULY 2015TUESDAY, AUGUST 11, 2015 - 07
0Underlying profit before tax increased by £9.5m to £17.8m;Net debt reduced by £10.9m from the year end to £183.3m1Johnston Press plc (“Johnston Press” or “the Group”
, one of the leading local media groups in the UK, announces its interim results for the 26 weeks ending 4 July 2015.The Group traded well in the first quarter and while the second quarter was impacted by a slowdown in general trading, July has shown some improvement.Key highlights1
igital audience grew by over 20% to an average monthly audience of 19.9m in H1 2015 (2014: 16.7m)Digital revenues: Up 17.5% for the period, from £14.1m to £16.5m now representing 20.5% of advertising revenues (H1 2014: 16.6%)Revenue: Total underlying revenues of £128.9m (H1 2014: £135.1m) reflect a decline of 4.6% for the period (H1 2014: (4.3)%)Costs: Cost savings of £7.6m (gross) offset revenue declines, and funded digital investment of £2.6m in the periodOperating profit: Underlying operating profit reduced £1.2m to £27m, sustaining a market leading margin of 20.9%Profit before tax: Underlying profit before tax increased 114.3% to £17.8m from £8.3m, reflecting reduced interest expense following refinancingContinued debt reduction: Net debt reduced to £183.3m (2014 FY: £194.2m)Financial Highlights:£ million Continuing Operations – Underlying1 Continuing Operations - Statutory 2015 2014 Change 2015 2014 Change 26 weeks 26 weeks % 26 weeks 26 weeks %Revenue 128.9 135.1 (4.6) 128.9 135.8 (5.1)Operating profit 27.0 28.2 (4.3) 22.2 24.9 (10.8)Profit before tax 17.8 8.3 114.3 2.2 (6.3) 134.9Net Debt 183.32 185.52 1.2 183.1 181.6 0.01Earnings per share 11.44p3 7.43p3 54.0 1.43p4 (0.11p)4 n/a1 The results are presented on a continuing underlying basis which is excluding exceptional items and including adjustments to reflect pensions, share based payments, bond mark-to-market valuations and adjustments made to the prior year comparative for the Letterbox direct delivery business which was outsourced in October 2014.2 Underlying net debt is stated excluding fair value mark to market valuation adjustments on the Group’s bonds.3 Underlying EPS presented above represents the pro forma underlying (fully diluted) earnings per share and has been calculated using the closing weighted average number of ordinary shares (105.3 million) at 4 July 2015 and applied to each period. Weighted average number of shares in H1 2015 was 105.3 million compared to 2.464 billion in H1 2014. This excludes shares held by the company’s employee benefit trust of 0.6 million (0.5 million 3 January 2015) and includes the maximum potential dilutive impact of unvested awards under the Company’s share schemes and warrants.4 The Statutory figures presented represent both Basic and Diluted earnings per share for H1.Strategic progressThe Group continues to transform the business in line with the strategic priorities previously set out. The Group has completed the first phase of a major structural change, implementing Newsroom of the Future (which aims to increase digital engagement, and arrest print decline rates, whilst improving operational efficiencies) across the Group, and has commenced the planning and design for the implementation of Salesforce of the Future (a project aiming to increase customer penetration, focus on solution selling and improve digital upsell). These strategic initiatives are designed to underpin the further development of the business.Build overall audiencesAverage monthly audience (across print and digital) for the period was up 8.7% year on year to 29.4m.Digital audiences grew 3.4m (20.4%) to 19.9m unique users a month, year on year.Growing digital substantiallyDigital advertising grew 17.5% year on year to £16.5m. Excluding the Employment category, which was particularly impacted in Q2, our overall digital growth was 22.9%
earthly
29 Jul 2015
Whatever.... next....the SP has gone up..that must be a first....in how many years?!!EARTHLY
sixder
28 Jul 2015
Re: Ashley... I've not been on here for a while...but wasn't Ashley on £400k when he was first appointed? Looking at what's happened since I can't see how the extra £300k is justified. Do the remuneration committee meet in the pub on Friday afternoons?
