Johnston Press PLC Ist das tatsächlich eine Einstiegsmöglichkeit?!? ??300-600%?? in 3Monaten?? - 500 Beiträge pro Seite

[Ramses144]

Hallo Zusammen,

kann mir irgend jemand hier was zu diesem Wert was sagen???
Er wurde mir von einem meiner Kunden(vermittle Private Krankenversicherung) als total heißer Tip empfohlen.

300-600% in den nächsten 3 Monaten!??!

Und das weil mitte Januar Top News bekannt gegeben werden sollen!

Kann mir hier jemand von Euch mehr zu dem Wert sagen?
KGV ist ja ziemlich Top!

Danke vorab
Grüße
Ramses

[MrRipley]

Den Tip würde ich ausnahmsweise mal ernst nehmen!

Wenn ich mich recht entsinne, ist dieser Wert ein bekannter Presse/Zeitungswert in England.

Ein Freund hatte ihn im Depot aufgrund einer fundamentalen Analyse. Leider hat es nicht hingehauen. Seine damalige Analyse jedoch beruhte auf einer sehr konservativen Schätzung.
Hohe Margen, hohes Eigenkapital, starke Marktstellung, zeitweise günstig.

Generell sollten Medienwerte mit Substanz und Bekanntheitsgrad schnell in die Übernahmefalle geraten, da sie einen hohen inneren Wert haben.

Eine Übernahme, darauf würde ich wetten.

Frag deinen Kunden mal weiter aus, ich kann mögl. mehr dazu beitragen. Eine Hand...


Eine Verdopplung sollte locker drin sein, kurzfristig aussichtsreich vom Chartbild her.
Bis zum 18 November bzw. währenddessen und danach sollten News den Kurs bewegen.

[ribey1308]

Antwort auf Beitrag Nr.: 36.198.995 von MrRipley am 12.12.08 22:45:07

Eine Verdopplung sollte locker drin sein, kurzfristig aussichtsreich vom Chartbild her.
Bis zum 18 November bzw. währenddessen und danach sollten News den Kurs bewegen


Du meinst doch bestimmt den 18 Dezember!!!!oder?????.


Werde auch mal ein bißchen recherchieren.

[ribey1308]

Wednesday 10 December 2008 13.44 GMT Article historyTrinity

Mirror, Johnston Press and David Montgomery's Mecom have fallen out of the FTSE 250 today in a sign of the rapidly diminishing value of media companies.

The three newspaper groups have seen their shares hammered in recent months as they fall victim to the worsening advertising slowdown and fears about the long-term prospects of print media.

Today's landmark follows ITV's departure from the elite FTSE 100 index in September.

The FTSE 250 contains the biggest companies by market capitalisation listed on the London stock exchange immediately below the FTSE 100 - that is, those ranked 101 to 350 in the overall lineup.

To fall out of the FTSE 250, a company has to drop to 376 or below.

After a quarterly FTSE committee meeting this afternoon, Trinity Mirror, Johnston Press and Mecom were all ejected from the FTSE 250 based on their closing prices last night, when Trinity Mirror was ranked 403, Johnston was at 540, and Mecom was even lower at 712.

Fears about Johnston Press and Mecom's debts have seen their shares plunge by more than 90% from peak levels.

The newspaper groups' exit from the FTSE 250 reflects how media stocks have suffered more than the rest of the market in recent months.

ITV's hopes of making a swift return to the FTSE 100 have also been dashed.

The broadcaster was the 97th biggest company on the London stock exchange last night.

But under FTSE rules, companies must be ranked 90th or above to gain admission to the prestigious blue-chip index.

Also just outside the FTSE 100 are newspaper group Daily Mail & General Trust, ranked at 109, and trade publisher United Business Media at 114. DMGT dropped out of the FTSE 100 last year.

ITV's relegation in September left just five media companies in the FTSE 100: the global news and information group Thomson Reuters, pay-TV and broadband company BSkyB, business to business media group Reed Elsevier, advertising giant WPP and Pearson, the owner of the Financial Times and Penguin Books.

During the dotcom boom in 2000, there were 10 media companies in the FTSE 100, and 29 in technology, media and telecoms combined.

· To contact the MediaGuardian news desk email [e-mail] or phone [phone]. For all other inquiries please call the main Guardian switchboard on 020 7278 2332.

· If you are writing a comment for publication, please mark clearly "for publication".

[MrRipley]

Antwort auf Beitrag Nr.: 36.199.226 von ribey1308 am 13.12.08 00:17:55

Dezember

[Ramses144]

Super Danke Mr. Riple!

Du bist ja so weit ich mich hier zurück errinnere ein alter Hase in diesem Forum.

Ich werde mir die Aktie am Montag in London ordern!

Zu den Infos durfte ich nichts konkretes erfahren!!!

Es hieß lediglich das die einen sehr großen Auftrag erhalten der jedoch noch nicht komplett unter Dach und Fach ist!
Ca. Mitte Januar soll dies jedoch offiziell gemacht werden!

Aus Insider-Gründen durften mir hierzu keine Details weiter gegeben werden. Habe ich auch mal so stehen lassen.

Schönes WE.

Gruß
Ramses144

[Ramses144]

Ein Beitrag von Heute Morgen:

10:16 Johnston Press PLC - Holding(s) in Company RNS
RNS Number : 1263K Johnston Press PLC 15 December 2008

Johnston Press plc ("the Company")


DISCLOSURE OF INTEREST IN SHARES


The Company received notification on 15 December 2008 from Orbis Holdings Limited, in the shareholdings of Orbis Investment Management Limited in the names of Orbis Global Equity Fund Limited, Orbis MIS Orbis Global Equity Fund, Orbis Optimal SA Fund Limited, GA Fund - L Equity Deep Value World TP, Orbis SICAV - Global Equity Fund and Orbis SICAV - Europe Equity Fund and of Orbis Asset Management Limited in the name of Orbis Optimal Global Fund LP, have increased their holding to 64,882,329 Ordinary Shares of 10p each in the Company, representing 10.14% of the relevant share capital. This results in their number of voting rights being 64,882,329 (indirect).

15 December 2008

This information is provided by RNS The company news service from the London Stock Exchange


END

HOLEAEASFFKPFFE

[Ramses144]

Das waren schon mal die ersten 18%!!!Ab März gehts ab!!!

[Ramses144]

05.01.2009 10:23

Johnston Press bestellt neuen CEOEdinburgh (aktiencheck.de AG) -

Der britische Zeitungsverlag Johnston Press plc (ISIN GB0004769682/ WKN 893155) gab am Montag bekannt, dass er John Fry zu seinem neuen CEO bestellt hat.
Den Angaben zufolge tritt Fry die Nachfolge von Tim Bowdler an, der sein Amt als CEO nach 15 Jahren niederlegt und im Mai 2009 zurücktreten wird. Fry war zuvor CEO der in Norwich ansässigen Mediengruppe Archant. Davor war er neun Jahre lang als President des Informationsunternehmens Dun & Bradstreet für die Regionen UK, Europa, Mittlerer Osten und Afrika tätig.

Die Aktie von Johnston Press notiert in London derzeit bei 13,00 Pence (+1,96 Prozent). (05.01.2009/ac/n/a)




0 Bewertungen dieses Artikels:

[MrRipley]

Ich bin seit letzer Woche hier drin.

Massgeblich hierfür sind nicht die Gerüchte aus dem Board, die bis jetzt nicht untermauert wurden - genauer war die Aktie bis dato eine der besten auf dem englishen Kurszettel, was das Fundamentale betraf.

Gründe:
1. aus Sicht des Charts/Volumen. Die Aktie kommt von 500 pence, und steht nun bei 13 = 1/38...
Bei knapp über 100 will noch ein Gap geschlossen werden, das halte ich für möglich, auch die 200 langfristig.
2. Neuer erfahrener CEO kommt aus der Branche, hat sein altes Heim mit seinen 3 schulpflichtigen Kinder verlassen für diese Herausforderung, warum?
3. Man möchte wohl keine Zeitungs-/Unternehmensteile verkaufen, hat also irgendetwas in der Hand, Geld, Investoren?
4. Eine Übernahme halte ich für sehr wahrscheinlich, von einem ganz Großen.(Ausland/Amerika?)
5. Letztes Jahr wurde noch eine Dividende von 10 pence gezahlt(Kurs aktuell 13 p).
Aktuelle Marktcapd 83Bp (93 Mio €)
6. Am Freitag ist AGM - 24 April 2009. Platzt da was?

Die Schulden sind hoch, um die 60% der Markcap, aber zu stemmen.

Es geht mir hier (in meinen Augen) weniger um das Tagesgeschäft, das ist zur Zeit wohl weniger profitabel, je nachdem wie die Kosten runtergefahren wurden. (Die Margen waren in den guten Zeiten sehr gut).
Eher ist ein Investor/Übernehmer an der medialen Macht interessiert, das ist das was interessiert, weniger das Geschäft.
Diese mediale Macht als Meinungsmacher über einen Inselstaat für 100Mio ist heuer sehr viel wert.
Hoffen wir, dass JPR keine Insolvenz anmelden muss, also zahlungsunfähig wird. Cashflow dürfte da sein, um durch diese schwierigen Zeiten zu segeln.
Personalkosten sind zu vernachlässigen, ebenso die Maschinen, neue braucht man keine für ein laufendes Geschäft. Und solange das jeder spitzkriegt, wird es auch keine Insolvenz und einen Verkauf unter Wert an die Heuschrecken geben.
Ich wette jedenfalls, dass Schlange stehen

JPR ist einer der führenden Tageszeitungsherausgeber(regional und lokal) in England (an vierter Stelle) und Schottland mit über 100 Newspapers und seinen Internetauftritten.
In Irland ist man Marktführer.

[Kar45]

Antwort auf Beitrag Nr.: 37.004.321 von MrRipley am 20.04.09 18:57:42

Und ich bin seit Dezember hier drin

News
Media
Johnston Press
Johnston Press: up to 25 editorial jobs to go on Edinburgh newspapersMerger of Scotsman and Scotland on Sunday newsrooms set to lead to redundancies at Johnston Press titles
Comments (0) Oliver Luft guardian.co.uk, Friday 1 May 2009 17.39 BST Article history
Johnston Press is understood to be looking to cut up to 25 editorial staff as it merges the newsrooms of its Edinburgh-based newspapers Scotsman and Scotland on Sunday.

Staff on the daily and its sister Sunday title, published by Johnston Press subsidiary Scotsman Publications, were told the news in a series of co-ordinated announcements with senior editorial staff today.

Scotsman Publications will look to make the planned job cuts through voluntary redundancy. Further editorial changes will see the Saturday Scotsman and Scotland on Sunday arts supplements - Critique and Review – folded into the respective papers' magazines.

A internal announcement by Michael Johnston, Johnston Press's divisional manager for Scotland, outlined how the titles would merge the content and editorial desk activities of the news, features, sport, politics and business departments into a single team working across both papers, and the creation of a single magazine unit.

In addition to planned cuts, an further internal announcement today, seen by MediaGuardian.co.uk, outlined the introduction of a new management structure that sees John McLellan confirmed as editor-in-chief of Scotsman Publications alongside his current role as editor of the Scotsman.

Ian Stewart has been appointed editor of Scotland on Sunday, as well as retaining his current role as deputy editor of the Scotsman. Scotland on Sunday editor Les Snowdon left the paper in February to join the Daily Mail.

Tom Little, currently deputy editor of Scotland on Sunday, has been appointed to the vacant post of Edinburgh Evening News editor.

Both Stewart and Little have also been appointed deputy editors-in-chief of Scotsman Publications.

Kenny Farquharson has been promoted to deputy editor of Scotland on Sunday. He will not be replaced in his current role as assistant editor of that title.

News of the cuts has come a day after it emerged the two papers would be merging their news operations.

McLellan told MediaGuardian.co.uk yesterday plans for both titles would be unveiled "in the very near future" after discussing proposals with staff and unions.

However, some staff are unhappy that the publisher has made a request for staff to come forward for voluntary redundancy without knowing the full details of the planned new structure.

McLellan, who took over at the Scotsman in February after the sudden departure of editor Mike Gilson, indicated yesterday that the third paper in the group, the Edinburgh Evening News, would remain largely independent within the new structure.

The restructuring of Scotsman Publications' newsdesks is expected to begin soon as the two papers' production and subediting operations are due to merge next week. Their picture desks were integrated earlier this month.

Johnston Press issued a statement today confirming the management appointments. The company said that it had begun discussions with staff and the National Union of Journalists over the merger proposal and the planned redundancies, adding that it hoped to "avoid the need for compulsory redundancies".

"The objective behind these changes and proposals is to ensure our publications are produced as efficiently as possible in the face of very challenging economic and trading conditions," Johnston Press said.

"Through careful implementation of the proposals described, and through the skill and professionalism of our editorial staff, the company is sure that the quality, individual style and integrity of our publications will be preserved and improved

[Ramses144]

Hallo Zusammen,

es hat etwas gedauert, jedoch sind wir mittlerweile wieder im grünen Bereich und hoffen auf spannende News zu diesem Zeitpunkt
zu dem unten genannten Zeitpunkt!


Interim Management Statement Notification
30/04/2009
Johnston Press plc, one of the leading community media groups in the UK and Ireland, will issue an Interim Management Statement on 13 May 2009, reporting on trading ahead of the period ending 30 June 2009.
The Company will host an analyst and investor call at 9.30 am GMT on 13 May 2009 to discuss the statement. To register as a participant or for further information, please contact Christian Goodbody at Buchanan Communications on 0207 466 5000.
A recording of this conference call will be available from 11.00 am GMT on 13 May 2009. Replay details will be accessible on the Group website www.johnstonpress.co.uk from 13 May 2009.

Contact:
Richard Oldworth / Richard Darby / Christian Goodbody
Buchanan Communications
Tel: [phone]

[Ramses144]

Antwort auf Beitrag Nr.: 37.100.197 von Ramses144 am 05.05.09 16:43:40

Hallo Zusammen,

es sei mir hoffentlich entschuldigt, dass es jetzt aus 3Monaten 6 wurden. Jedoch haben wir die ersten 200% schon hinter uns. Ich sag nur eine geile Rally!!!

Das schreiben andere Lemminge aus den britischen Foren:
07:29 sp update for the next month/months nick leesons risk manager

just some levels i believe will help everyone test 30 31p this week now maybe
a break of there 40 to 46p then 50 to 54p then to the 60 to 70p range that i have been told is about fair value for this stock
--------------------------------------------------------------------------------

JOHNSTON PRESS PLC REGISTERED SHARES LS -,10 (893155) Kurs vom 07.05.2009 | 10:37 31,00 GBp
+4,50 | +16,98%


AktienInspektor Chance: | Risiko:
GB0004769682 | Aktie
Printmedien (Zeitungen und Magazine) | Großbritannien


06.05.2009 20,00 26,50 19,00 26,50 9.093.045
05.05.2009 15,50 21,00 15,50 19,75 4.936.784
01.05.2009 12,50 17,50 12,25 15,50 4.383.763
30.04.2009 13,25 13,25 12,00 12,25 1.526.005
29.04.2009 12,00 13,00 11,988 12,75 1.168.996
28.04.2009 12,50 12,50 12,00 12,00 287.879
27.04.2009 12,50 12,699 12,25 12,50 380.488
24.04.2009 12,50 13,50 12,00 12,75 1.826.026
23.04.2009 12,75 13,00 12,00 13,00 1.136.116
22.04.2009 12,00 12,50 12,00 12,50 946.768
21.04.2009 12,50 13,00 11,25 12,25 2.562.299
20.04.2009 14,50 15,75 13,00 13,00 5.067.749
17.04.2009 12,50 15,00 12,50 14,00 8.741.489
16.04.2009 10,50 13,00 10,50 12,25 4.489.907
15.04.2009 9,75 13,25 9,75 10,50 5.300.083
14.04.2009 8,55 10,00 8,50 9,75 3.789.186
09.04.2009 8,67 8,67 8,03 8,40 241.457
08.04.2009 8,28 8,28 7,76 7,99 1.610.523
07.04.2009 8,75 8,824 8,00 8,00 1.818.003

[Kar45]

Antwort auf Beitrag Nr.: 37.116.708 von Ramses144 am 07.05.09 10:56:16

Hi Ramses

Danke für Dein Hinweis im Dezember.

Vor ein paar Tagen noch im minus und jetzt 200 % plus
und steigt weiter. Bis Jahresende (Steuerfreiheit) ist noch viel Zeit.

LG Kar45

[Ramses144]

Hi Kar45,

ja ist auch mein denken...werde mir keine 25-30% vom Vater Staat abzocken lassen...und dann kommt das Unternehmen erst in die ersten ordentlichen Quartalsbilanzen rein.
Beim dem KGV sollte man nicht voreilig handeln!

Gruss
Ramses

[Ramses144]

May 8, 2009

In the know: Johnston Press; Connaught; Royal Bank of Scotland
Gilts

Gilts settled at their lowest level for three months despite the Bank of England saying it would extend its scheme to buy gilts, corporate bonds and commercial paper for another three months, taking its total fund for purchases up to £125 billion from £75 billion. The June gilt future ended the day 61 ticks lower at 118.94.

Rumour of the day

Johnston Press added another 6½p to 33p amid talk that it could announce a new debt deal with its banks during its trading update next Wednesday. However, it is understood that it will say only that it hopes a deal can be concluded by August. An agreement on selling its Irish newspapers is also unlikely to be concluded in time for the trading update.

[Kar45]

Antwort auf Beitrag Nr.: 37.152.946 von Ramses144 am 12.05.09 12:37:03

Schlechte Nachrichten, aber ich behalte meine Stücke langfristig- bessere Zeiten kommen noch.

[Ramses144]

ja Du...leider!

Ich behalte Sie defintiv auch länger.

Gruss
C.

Interim Management Statement
13/05/2009

Johnston Press plc today publishes its Interim Management Statement which has been drawn up for the 19 weeks to 9 May 2009, being the last practicable date, as required by the UK Listing Authority's Disclosure and Transparency Rules.

We reported on 11 March 2009 that total advertising revenues for the first 9 weeks of the year were down 35.9% on the same period in the prior year. Over the 19 weeks to 9 May 2009, total advertising revenues were down 34.4% compared to the same period last year.

Whilst advertising revenue has reduced in the first 19 weeks of 2009 compared to the second half of 2008, there has been greater stability over recent weeks.

The Group continues to reduce costs in order to offset the impact of lower revenues. Year- on - year costs are expected to reduce by over £30m, despite the increased cost of newsprint. These cost savings will mean that non-recurring and redundancy costs for the year will be in the region of £8.0m. Whilst these cost savings are encouraging, they will be not be sufficient to offset the fall in advertising revenues which are running below market expectations. This means that operating profit for 2009 is likely to be towards the lower end of current market expectations.

Given this backdrop it is likely that there will be further impairment charges against the carrying value of publishing titles and goodwill at the half year.

The business continues to be cash generative and net debt at the end of April 2009 was £448m down £29m from the start of the year. £13m of this reduction was due to the strengthening of Sterling against the Euro and £16m was cash generated from operations. This level of cash generation is particularly encouraging given that it has been achieved during the seasonally weakest months for cash generation in the Group's financial year.

The Board confirms today that the sale process being conducted to dispose of the Republic of Ireland titles has now been terminated. While there was considerable interest shown from both trade and financial buyers, the Board decided that it was not at a sufficiently high price to be in the Company's best interest.

As stated in March 2009 in the Company's preliminary results, if the sale of the Irish businesses were not successfully completed, there would be a strong likelihood of a breach of a financial covenant in the Group's debt facilities during 2009. Given such uncertainty, the Group had begun discussions with its debt providers to obtain a relaxation in the debt covenants, as well as putting in place more appropriate facilities extending beyond September 2010. Those discussions, which have so far been constructive and supportive, continue with all of the Group's providers of debt. The Company expects to have the refinancing discussions completed and new facilities in place before its half year announcement in late August.


John Fry, Chief Executive commented

'Whilst our market remains fragile, we have seen some stability in advertising revenue over recent weeks, our cost reduction programme is on track, and we are making good progress in the discussions with our debt providers. This gives us encouragement that we will be well placed to benefit from any recovery in the economy as and when it emerges.'


Contact:

John Fry, Chief Executive or
Stuart Paterson, Chief Financial Officer
Johnston Press plc Tel: [phone]

Richard Oldworth
Buchanan Communications Tel: [phone]



The Interim Management Statement may contain forward looking statements which; have been made by the Directors in good faith based on the information available to them at the time of their approval of the Statement; and Should be treated with caution due to inherent uncertainties, which are beyond Johnston Press' ability to control or estimate precisely and include both economic and business risk factors, underlying such forward looking information.

[Ramses144]

Key developments for Johnston Press plc (JPR)
Johnston Press Terminates Sale Of Republic Of Ireland Titles
05/13/2009
Johnston Press plc stated that the sale process being conducted to dispose of the Republic of Ireland titles has now been terminated. While there was considerable interest shown from both trade and financial buyers, the Board decided that it was not at a sufficiently high price to be in the Company's best interest. As stated in March 2009 in the Company's preliminary results, if the sale of the Irish businesses were not successfully completed, there would be a strong likelihood of a breach of a financial covenant in the Group's debt facilities during 2009. Given such uncertainty, the Group had begun discussions with its debt providers to obtain a relaxation in the debt covenants, as well as putting in place more appropriate facilities extending beyond September 2010. John Fry, Chief Executive of the company said: “Whilst our market remains fragile, we have seen some stability in advertising revenue over recent weeks, our cost reduction program is on track, and we are making good progress in the discussions with our debt providers. This gives us encouragement that we will be well placed to benefit from any recovery in the economy as and when it emerges.”

[Kar45]

Regional press news - this story published 27 May 2009
PA to produce glossy magazines with Johnston Press
by holdthefrontpage staff
The Press Association has agreed a deal to produce a series of local glossy lifestyle magazines for newspaper group Johnston Press.

The agreement covers 15 printed titles to be distributed monthly, bi-monthly or quarterly in various parts of the UK.

Local Johnston Press centres will supply the majority of the editorial content and all advertising while PA will provide editorial content covering topics such as fashion, beauty, health, interiors and food.

PA's magazine design team in Howden, East Yorkshire, will produce around 700 pages a month to Johnston Press' style and specification, including the placement of all advertising, before sending them direct to a single print centre.

PA managing director Tony Watson said: "This is important new work for the Press Association as we continue to establish our credentials as producers of high-quality magazines for major consumer publishers. It also strengthens our successful partnership with Johnston Press."

Andrew Richardson, JP's business development manager, added: "This important initiative makes it easier for us to produce high quality magazines, and it provides advertisers with an improved environment for their advertising."

[Ramses144]

Tue 16:07 Johnston Press PLC - Director/PDMR Shareholding - Replacement RNS
RNS Number : 8307S Johnston Press PLC 26 May 2009

The following replaces the Director/PDMR Shareholding announcement released 22 May 2009 at 15:11 under RNS Number 7389S.

The Resultant Interest figures previously stated were incorrect.

The full amended text appears below.

Johnston Press plc (the "Company")


JOHNSTON PRESS PLC SHARE INCENTIVE PLAN


The Company has been informed that the following Directors and members of the Group Management Board purchased Ordinary shares of 10p each in the Company under the Johnston Press plc Share Incentive Plan on 22 May 2009 at a price of 21.25p per share:


Name Shares Purchased Beneficial Interest Resultant Interest*
S R Paterson 588 241,647 9,121,097
D Cammiade 588 203,681 9,083,131
M A Vickers 588 98,474 8,977,924



THIS INCLUDES SHARES HELD BY THE JOHNSTON PRESS EMPLOYEE SHARE TRUST.
25 May 2009

This information is provided by RNS The company news service from the London Stock Exchange


END

[Ramses144]

Noch viel wichtiger!!!Das deuetet darauf hin das hier wieder was passiert,passieren wird...

May 27 2009

06:43 BRIEF-RESEARCH ALERT-Goldman revises ratings on European media cos AFX UK Focus
May 27 (Reuters) - Europe Media:


GOLDMAN SACHS RAISES PREMIERE AG TO BUY FROM NEUTRAL

GOLDMAN SACHS RAISES JCDECAUX SA TVN SA JOHNSTON PRESS
to neutral from sell


GOLDMAN SACHS CUTS TELECINCO , AXEL SPRINGER AG TO SELL
from neutral


GOLDMAN SACHS REMOVES THOMSON REUTERS PLC FROM CONVICTION SELL LIST;
keeps sell rating


GOLDMAN SACHS ADDS ITV PLC TO CONVICTION BUY LIST

GOLDMAN SACHS REMOVES UNITED BUSINESS MEDIA LAGARDERE FROM
conviction buy list; keeps buy rating


GOLDMAN SACHS CUTS CTC MEDIA INC TO NEUTRAL FROM BUY (Bangalore Equities Newsroom; [phone]; within U.S. [phone])

COPYRIGHT


Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

[Kar45]

Lenders defer Johnston Press covenant test
Mon 29 Jun 2009

JPR - Johnston Press


LONDON (SHARECAST) - Lenders to regional newspaper publisher Johnston Press have agreed to postpone the testing of certain covenants, due 30 June, for two months.

The company, which has been in talks with its lenders regarding refinancing its existing facilities, said testing has been deferred to 31 August.

At May’s trading update, the group said net debt had been trimmed by £29m since the start of the year to £448m.

It warned then that 2009 operating profit will be towards the lower end of current market expectations and abandoned the sale of its Irish titles.

The publisher of the Scotsman and the Yorkshire Post said advertising revenues in the first 19 weeks of 2009 were 34.4% lower than the same time last year.

It also confirmed that it is no longer trying to sell its Republic of Ireland titles, which include the Limerick Leader and Dundalk Democrat, after failing to receive any offers of a sufficiently high price

[Kar45]

30.06.2009 15:01
UBS belässt Johnston Press auf 'Neutral'
Die UBS hat die Einstufung für Johnston Presse (JPR) vor dem Hintergrund der aktuellen Krise der Zeitungsindustrie auf "Neutral" belassen. Die zyklischen, strukturellen und bilanziellen Probleme der Verlage dürften langfristig fortbestehen und bestätigten seine Vorsicht gegenüber dem Sektor, schrieb Analyst Alastair Reid in einer Branchenstudie vom Dienstag. Kurzfristig sehe er jedoch Anzeichen für Optimismus. So dürften sich die zyklischen Umsätze wieder erholen. Er habe im Zusammenhang mit dem derzeit noch hohen Verschuldungsgrad von JPR seine Ergebnisprognose für 2010 um 60 Prozent erhöht. Die Ungewissheit über die weitere Refinanzierung des Konzerns rechtfertige seine neutrale Einstufung.

AFA0039 2009-06-30/15:00

[Ramses144]

Heh - still here!
Came across this via Google Finance; - great timing??? Can't get full report on Yahoo or FT.com.

2009-08-05 17:01:51 -SADIF-Investment Analytics has applied its StockMarks™ stock-rating system to Johnston Press plc and produced a report, rating the company's attractiveness to long-term investors.
Ilhavo, Portugal – 05-08-2009 – SADIF Investment Analytics, today announced the release of a new summary due diligence report covering Johnston Press plc (jpr). The report utilizes SADIF's powerful StockMarks™ stock rating system and is required reading for any current or potential Johnston Press plc investor.

Report Summary: Johnston Press plc is an average quality company with a positive outlook. Johnston

Press plc has weakbusiness growth and is run by mediocre management. When compared to its closest peer, Trinity Mirror plc, Johnston Press plc shows similar undervaluation and is equally likely to outperform the market.

The complete 8-page report breaks down the Total StockMark into its three components – business, management and price, performing a thorough analysis of Johnston Press plc for long-term investors.

The report has been distributed to Reuters, and forwarded to Yahoo Finance and FT.com. It is available under 'Analyst Reports' from these websites, from multiple professional platforms including Reuters Knowledge, TheMarkets.com and Thomson Research or directly from SADIF-Investment Analytics at:
www.sadifanalytics.com/stockmarks/main.php?tickerr=jpr&cod_count ..


About SADIF-Investment Analytics:
SADIF-Investment Analytics is an independent investment research company covering sixteen different markets and over 12,000 companies. The StockMarks™ system is based on proven investment principles and is designed to drive long-term shareholder returns.

Can anyone enlighten me?
Cheers

[Ramses144]

Johnston Press (JPR, 16.5p, Buy)
As media giants such as WPP and Publicis begin to make noises about an
advertising recovery being imminent, many stocks exposed to such a
recovery have rallied strongly. WPP has increased 20% since the 10th of July,
ITV has increased 34% and Trinity Mirror has increased 43%. Johnston Press
has fallen 4.6% in that time.
Debt refinancing – The Financial Times reported on the 26th of July that lenders
are set to own 5% of the company after being given warrants as part of the debt
restructuring. We expect to hear news on the debt restructuring on the 26th of
August when they announce their Interim Results. A 5% dilution for an extension of
the repayment deadlines and the relaxation of the debt covenants is not disastrous.
Even after assuming a 9% interest rate and no advertising recovery, Johnston Press
should generate in excess of £35m in Free Cash Flow.
Advertising Recovery – revenues at the local newspapers have been hit hard by
the collapse in the property market weighing on advertising by estate agents and the
recession hitting recruitment advertising. Whilst unemployment is likely to continue
rising into 2010, the property market is showing real signs of clearing. Housing
transactions are rising – mortgage approvals were up 35% yoy in June. The recent
Liberum Consumer Survey suggested that if everyone who wanted to move house
transacted this year there would be 2 million transactions – almost four times the
current transaction level. We don’t expect as many transactions as that, but as the
property market clears, estate agents will increase advertising and newspaper
groups’ numbers will begin to go up. Additionally Colgate Palmolive increased
general advertising spend Q2 on Q1 and expects to do so in Q3 and Q4 too.
Automotive advertising expenditure is beginning to come back as Ford have
announced a major ad campaign for the Ford Taurus.
Structural issues – the fact that newspapers are being squeezed by a shift to
online advertising and an ageing demographic is not new news (though there is
evidence that as consumers get older they are more likely to buy a newspaper
anyway). However, the Liberum Consumer Survey showed that almost 80% of
people who read a national newspaper were not thinking about stopping. Most
forecasts for Johnston Press assume that the cyclical downswing never recovers
and that the ongoing structural pressures continue to weigh on the stock. Forecasts
for 2010 EBITDA show a 1% decline on 2009 – even a moderate recovery will be
sufficient to generate meaningful upgrades to profitability.
Beneficiary of regulatory reform – with a change in Government likely next year
there are a number of possible benefits for the newspaper groups. Greater
consolidation, the ending of council free-sheets and a reigning in of the ever
widening ambition of the BBC could all help to relieve the pressure on the
newspaper groups. We have already seen Boris Johnson end the London publicly
funded free sheet and this may well be a template for the rest of the country.
Cheap valuation – a PE of 4.4x 2010 prior to any recovery being baked into
numbers is very cheap. The EV/EBITDA of 6.2x 2010 is less so, but is cheap in the
context of an advertising recovery.
Sector Media
Ticker JNPR
MktCap (£m) 102.36
Net Debt (£m) 497.75
EV 601.21
PE FY1 3.49
PE FY2 3.57
Div Yld FY1 1.99
P/Book FY1 0.14
Relative Performance
1m 3m 6m YTD
Absolute -18.0 3.2 109.2 33.3
Relative Market -25.7 -6.2 82.0 23.2
Relative Sector -26.6 3.4 91.1 24.1
Management
Non Executive Chairman: Ian S.M. Russell
Group Chief Executive Officer: John A. Fry
Group Chief Operating Officer: Danny
Cammiade
Johnston Press plc. The Group's principal
activities are publishing and printing local
and regional weekly, evening and morning
newspapers, both paid-for and free,
specialist print publications, together with
associated websites. It operates in two
segments: newspaper publishi

[Kar45]

Share Price
24.50GBp
+24.05% change

[Ramses144]

Hallo Kar45,

wir beide sind wollen 2 von wenigen Deutschen in diesem doch sehr aussichtsreichen Wert habe ich das Gefühl!

Jedoch ist das auch nicht so schlimm...die Bullen sind wieder los

Oder ?

Falls jemand hier investiert ist, bitte um Meinungen und EInschätzungen.

Danke vorab
Ramses144

[Ramses144]

Hi nochmal,

hier mal eine Kostprobe davon, wie die Britten in Ihrem Forum drauf sind.
Ich glaube diese Euphorie teile ich gerne!!!


Date/Time Subject Author VotesAll-20-10-5-4-3-2-11+2+3+4+5+10+20+
15:36 FTSE & DOW Jister1





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Falling all day and JPR just puffs his chest out and starts his latest leg of Ben Nevis....go on son!! go on.... a true warrior amongst men!!

with his little blue neon flashing lights!! Great little share...plenty of bang for your bucks in here!!
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15:22 Re: sell 25.22 buy 25.30 luciano uk





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Free-man
Look at JPR from another point of view:
Compared to Daily Mail (DMGT)
If DMGT had revenue of 1.085 bill last time
and Mark Cap of 1.223 bill now
JPR with revenue of 532 Mil
should have a MK of 598 Mil or 93p per share.
This without considering that Jpr has a NAV OF 513MILL
DMGT NAV IS 182MILL.
......... am I missing something here or what?
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15:18 Re: sell 25.22 buy 25.30 bittenbybarclovedbylloy





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out of interest WB, what is your short term target that would force you to seriously consider selling? I had 47p in mind but I think this will need adjusting upwards.
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15:14 Re: sell 25.22 buy 25.30 Jister1





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ROFL....oh it's like that now eh... making fun of the guy with the silly broker!!

Jister1 looks at Luciano and asks him if he feels lucky....well do ya punk!


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15:08 Re: sell 25.22 buy 25.30 Free-man





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The SP reached 40p ahead of results last time in, whats the possibility of getting there again.

as you chaps are saying, advertising should be on the up, and agree that a rerating is overdue given the recent signs of early recovery across the sector.
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15:03 Re: sell 25.22 buy 25.30 skimminstones





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yea me too please lol
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14:56 Re: sell 25.22 buy 25.30 luciano uk 1





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Jister1
please can you sell some for me at 52P
and buy them back at 25p
Thanks.......
hahaha
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14:56 Re: sell 25.22 buy 25.30 Warren Bucket





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There's miles to go in this, so can't see why there wouldn't be strong buying until close.

Over the next month, but particularly the next two weeks, I predict a significant rerating on this share. There's not many shares left from the downturn that are still so obviously oversold/cheap. I'm holding and I think most other people are the same, hence the failure to retrace & the heavy buying again today.

WB
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14:55 Re: sell 25.22 buy 25.30 luciano uk





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Can you immagine if some positive news comes up on the press regarding advertising revenue inproving ???????
Mamma mia
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14:48 Re: sell 25.22 buy 25.30 Bertybillion





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Not all if you ask me. People will rush in last thing for a strong 10 days ahead. This is quietly doing what it should be doing - being rerated because it was and is irrationally oversold when you compare it to its peers and the wider market.
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14:45 Re: sell 25.22 buy 25.30 Free-man





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This is flying now.

26p finish not out of the question?


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14:45 Re: sell 25.22 buy 25.30 Bertybillion 1





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up 14.13% And so the momentum attracts the busy buyers again...


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14:44 Re: sell 25.22 buy 25.30 Jister1





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I can send a screen I took in a email if anyone wants it lol

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14:43 Re: sell 25.22 buy 25.30 Jister1





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It must be knackered it just went up to 52p lol
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14:40 Re: sell 25.22 buy 25.30 Bertybillion





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25-25.5
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14:38 Re: sell 25.22 buy 25.30 luciano uk





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Jister1
you are surerly looking at the wrong share mate.
but good rumping up keep going...
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14:36 sell 25.22 buy 25.30 luciano uk





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very little spread
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14:33 Re: Buy price 30p Jister1 1





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Hahaha...yeah!! I tell you what though...they had it up @ that price for a reason and I can see us there very soon....My eyes are going sqaure starring at the creen...if my boss could see me I would get pistol whiped
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14:31 were on the move Free-man





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Great to see some poitive movement here,

had a little batch of stock left over from the last rally and should come into profit with another little push tomorrow, if the buying volumes maintained.

Does anyone have a view from a charting perspective? as I know diddly about them


LOL
FM
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[Ramses144]

Die Britten sind echt good drauf!

Das noch zum Abschluss:

Date/Time Subject Author VotesAll-20-10-5-4-3-2-11+2+3+4+5+10+20+
21:33 Re: CALLING A SHOT luciano uk





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Earthly
Agree with I am a bit more bullish on this than some other posters,
I believe that once we have gone past the latest spike at 35p back in May there isn't much resistance to stop JPR reaching 60p+. I do not expect results to be that much positive with revenue from advertising down 35% in the new year, but with cost cutting we might still manage to make a small operation profit (will see) the catalyst here is debt renegotiation and I think the latest company RI with which we reduced debt from 691.7mil to 417 mil as created the basis for a successful debt renegotiation; it might be that any imminent announcement on debt wont be conclusive, but any positive wording on debt renegotiations from the next rns will fuel expectation and sustain the sp for higher levels and minimising retarcements.
....just my opinion
dyor

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20:14 No Subject John09





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Short term and Long term bullish. Folks JPR is back!!

A great day in a broader market slump cant be bad eh?

I think 25p is the new 16p and the results will either kick is on or hold us where we are

Good luck all

J



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19:19 CALLING A SHOT earthly 1





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Well read most of the posting today one or two a bit negative however people/posters should seriously think about holding this for as long as possible to gain a really good increase from the sp, but realise that most will cash in, in the usual way ( short term) but as I posted yesterday some people will or might regret that action...dyor.

I have stuck my neck out before in predicting the sp (see my previous re-posting ) re yesterday exactly to todays price. This sp has to break out of its present trading range to attain its true potential and that means holding at least prior the companies announcement later this month..to this effect I think it could reach 0.41p to 0.43p and should the refinancing be a success it would or should spike another 12p to 17p taking it to a potential..just under 0.60p please consider my posting very carefully before committing any more funds and only gamble what you can afford..do not allow greed to blind your judgement. dyor and GL


EARTHLY
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18:58 Re: More of a rerating than a spike.. Jister1 2





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WB...you mentioned restructuring the Irish titles and selling for a profit. That will happen at some point...Not sure about you but I think the fact they did not sell the Irish titles last time round and they were not forced to accept a lesser amount showed the company was not desperate. This also showed strength and laughed in the face of those who panicked.....A company going out the game would have took £40mill....or at least the bank would have made them take it. For me JPR are fine and results will show this.

29p tomoz....it's only the start!!! fill yer boots now .....!!!!! cheap shares.....your getting 2 for the price of 1....after announcement it will cost you a premium!!!!
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17:48 29p - happy Tuesday's Warren Bucket 1





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I agree with Berty that the next stop here is 29p. That’s more than achievable given last Tuesday we saw a 25% gain. I personally feel that 29p will provide some resistance though, since it’s a 100% profit for the 16p-ers.

For me, I think we could see 29p tomorrow or Wednesday, then perhaps bobble around there as we move into results week. Then the sky’s the limit. I’m hoping it stays relatively low though (low 30’s) because I have a wedge of cash waiting to throw at this after results & the lower it is the better (sorry guys!)!

WB

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17:39 More of a rerating than a spike.. Warren Bucket 2





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If you ask me, this doesn’t feel like the last spike, it feels more like a sustainable rerating. I’m not saying that we will be +13% every day, but I think last weeks 25% gain with very little retrace is a sign that the markets understand that this is massively oversold and generally cheap as chips providing that refinancing is agreed – which it will be.

Of course it will continue to go up and down, but I feel the general trend over the next month or so will be strongly upward to the 40’s. I personally hope that we don’t have many 20% rises that attract profit taking – I’m much more comfortable with smaller gains like today.

It’s worth remembering that the last spike peaked at 42p on expectation of the sale of the Irish titles. The economy has significantly improved since then, as have other media stocks. JPR has some catching up to do. Moreover, wholesale refinancing is much more important than a distressed asset sale – it will give JPR the chance to cut costs, restructure the Irish business & sell it on for a more reasonable price (i.e. pay down more debt than it would have done in May). Everyone’s a winner. That makes 42p very achievable again, in my opinion.

GL all.


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17:38 Roll on 29p tomorrow Bertybillion 1





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.
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17:32 No Subject earthly





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Sun 23:07 roll up the price is right !! earthly

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could roll up to 0.28p-0.29p before settling down to about 0.25/0.26pence a re-trace is really out of the larger picture for now, but dyor...those selling might just regret it.


=======================================================
Nice to know that some gut feelings are right.

HOPEFULLY WE SHALL SEE A PROPER RISE TOMORROW.
IT NEEDS TO BREAK OUT OF ITS PRESENT TRADING RANGE !

EARTHLY



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17:02 BUYRe: resistance at 26p? jrm1999





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picked up this tip sunday night, thumbs up...
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16:52 Re: resistance at 26p? Free-man





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Nice finish , on the button, see my earlier post.

I'll try and make some money out of this ability to see into the future one day

LOL for tomorrow all
FM
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16:37 Re: resistance at 26p? luciano uk





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lol just realise that ...well let me apologise for confusing you with another guy then....
Message was for simms45, SIMMS45 are you there!!!!!
Haaa never mind.
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16:36 Re: Anyone with the final price? Bertybillion





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EXTREMELY ENCOURAGING TO FINISH ON THE INTRADAY HIGH.
Well done JPR and well done all holders.

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16:35 26p pimpernel2





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sweet as a nut
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16:35 Re: Anyone with the final price? Bertybillion





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26p
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16:35 Re: Anyone with the final price? Bertybillion





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hang on a sec...
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16:33 Anyone with the final price? luciano uk





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Please I have just topped up on the final minute.
Today was immpressive considering the general market and even more encoraging the large buys trades near the end of the day.
Fantastic
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16:33 Re: What a pretty picture bonobo77





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Very pleasing indeed.
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16:33 Re: resistance at 26p? bittenbybarclovedbylloy





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think you have the wrong guy there Luciano, wasn't me... So no apology needed!
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16:31 Re: cannot believe me eyes bittenbybarclovedbylloy





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once last thing to add: Great board chaps! Keep up the great work and friendly banter - only a matter of time before Joe and his mates (who all missed the boat) comes along and spoils the atmosphere. Although if Pimpernel is still in charge of the music I am assuming they won't be allowed on the dancefloor anyway...
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16:25 Re: cannot believe me eyes Bertybillion

[Ramses144]

http://www.johnstonpress.co.uk/jpplc/investorcentre/


Investor Centre
Johnston Press plc aims to provide web users with timely access to up-to-date and historical information, including results announcements, presentations, annual reports, press releases, dividend information and other investor relations materials and tools.


Latest NewsEvents 13.08.2009
Notice of Results
20.07.2009
Johnston Press appoints Jobsite as its online recruitment partner
13.07.2009
Board Appointment

28 August 2009
Interim Results Announcement

11 November 2009
Interim Management Statement

Results Centre
2008 Preliminary Results - Press Release2008
Preliminary Results - Presentation2008
Preliminary Results -
Webcast
Listen to the 2008 Preliminary Results audio webcast replay

[Ramses144]

Auch heute gehts in die richtige Richtung:

Johnston Press Market Data
Currency UK Pounds
Share Price 27.50p
Change Today +1.50p
52 Week High 60.00p
52 Week Low 5.13p
Volume 919,982
Shares Issued 639.74m
Market Cap £175.93m



Notice of Results

RNS Number : 3875X
Johnston Press PLC
13 August 2009


For Immediate Release
13 August 2009


Johnston Press plc

Interim Results Notification


Johnston Press plc, one of the leading community media groups in the UK and Ireland, will issue its Interim Results for the six months ended 30 June 2009 on Friday 28 August 2009.



There will be an analyst presentation on Friday 28 August which can be accessed in the following ways:



1) An analyst meeting at 09.00 GMT at Buchanan Communications, 45 Moorfields, EC2Y 9AE

2) A live audio cast at 09.00 GMT which will be available at:

http://mediaserve.buchanan.uk.com/2009/jp280809/registration…

3) A replay of the audio cast which will be available after midday on Friday 28 August on the Group website www.johnstonpress.co.uk

4) A live listen only dial in facility and replay option



Please contact Suzanne Brocks or Christian Goodbody at Buchanan Communications on 020 7466 5000 for more details or to register as a participant.



Contact:

Buchanan Communications

Richard Oldworth/Suzanne Brocks/Christian Goodbody
Tel: [phone]



This information is provided by RNS
The company news service from the London Stock Exchange

[Ramses144]

Hier ein paar Infos, wer welche Anteile an diesem Wert hält, in welcher Höhe das Management von JP am Unternehmen beteiligt ist und was ein gutes zeichen ist die kaufen permanent Anteile nach/dazu.

Die sogenannten Major Shareholders sind auch keine unbekannten die hier investiert sind!

Largest Deals (365 days)
Traded Action Notifier Price Amount Value
17-Dec-08 Buy Ian M Russell 12.30p 800,000 £98,400.00
20-Mar-09 Buy Stuart R Paterson 6.20p 2,032 £125.98
20-Mar-09 Buy Danny Cammiade 6.20p 2,032 £125.98
22-Jan-09 Buy Stuart R Paterson 8.20p 1,532 £125.62
22-Jan-09 Buy Danny Cammiade 8.20p 1,532 £125.62

More Johnston Press director deals
Director Shareholdings
Notifier Holding Value*
F P M Johnston 13,959,182 £3,803,877
Ian M Russell 815,420 £222,202
Stuart R Paterson 243,045 £66,230
Danny Cammiade 205,079 £55,884
P R Cooper 36,461 £9,936
Peter Cawdron 19,600 £5,341
Martina King 3,600 £981

Major Shareholders
Notifier** Holding Value*
Orbis Holdings Limited 64,882,329 £17,680,435
PanOcean Management Limited 63,973,976 £17,432,908
Harris Associates LP 63,095,168 £17,193,433
Cedar Rock Capital Ltd 30,347,617 £8,269,726
Legal & General 26,116,637 £7,116,784
Sprucegrove Investment Management Ltd 19,435,117 £5,296,069
Sprucegrove Investment Management Ltd 17,241,731 £4,698,372
Jupiter Asset Management Ltd 15,304,796 £4,170,557
Trustees of HCM Johnston's Children's Trust 11,199,090 £3,051,752

[Ramses144]

Fundamental-Daten zu dem Wert:

http://www.iii.co.uk/investment/detail?code=cotn:JPR.L&displ…

[Ramses144]

Media firms showing greater confidence in economy
19 August 2009

By Oliver Luft

Nearly a third of media companies have an increased sense of confidence about the state of the economy throughout the rest of the year, according to the results of a survey published today.

Nearly 30 per cent of technology, media and telecoms businesses surveyed by accountancy firm BDO Stoy Hayward said they were 'slightly or more confident' about economic prospects facing the sector over the next three months.

In addition, 38 per cent said they were 'as confident' as in the previous three months of the year. The remaining, 32 per cent, were 'slightly less confident' or 'much less confident.'

Those surveyed said that in addition to reducing staff number they were introducing measures in order to survive the recession that included renegotiating with suppliers, reducing research and development, merging or acquiring competitors, closure of non-productive business segments and outsourcing core functions.

These findings have been supported, in part, by recent financial reporting from some large media businesses.


Although operating profits took a 32 per cent fall year on year when Trinity Mirror reported its half year results, the company said marginal improvements were visible as the year progressed, with notable improvements in July’s figures, and it expected this to continue for the remainder of the year.

New distributor John Menzies said today that it was hopeful for the next six months, despite reporting a fall in profits of more than a third in the first half of the year, as long-term banking facilities were in place beyond 2011, it had taken-over contacts and assest of a rival company and reduced its debt by £30m.

Just over 42 per cent of respondents said their biggest risk factor was projects being deferred, while 30 per cent said the biggest worry was falling customer demand.

Julian Frost, head of technology, media and telecoms at BDO Stoy Hayward, said: "[C]ompanies in this sector have worked hard to introduce a number of cost cutting measures in order to reduce overheads across the full range of business functions.

"Although confidence levels have declined, the fall has been less severe than might have been expected and companies now appear to be looking to the medium and long-term future with a reasonable degree of optimism."

The survey polled around 100 companies across the UK with revenues ranging from £10m to £5bn.

[Ramses144]

This is what we have been looking for!

http://www.ft.com/cms/s/0/7aa3a78c-7a1c-11de-b86f-00144feabd…

This should take the edge of re-financing worries...

Looking for a nice steady rise up to the results.

[Ramses144]

Das zum selben Thema...

Wenn die´Banken grünes Licht geben und die Bank dementsprechend refinanziert wird und die Insolvenz kein Thema mehr ist, sollte einem weiteren Anstieg nichts mehr im Wege stehen.

Man betrachte mal den Chart dieses Wertes.


Gruss
Ramses

[Ramses144]

http://www.ft.com/cms/s/0/7aa3a78c-7a1c-11de-b86f-00144feabd…


Anbei der 3-Jahres Chart:

http://aktien.onvista.de/charts.html?ID_OSI=89251

Kann mir einer erklären wie ich einen Chart hier rein setzen kann?!?

Da funktioniert doch kein Werkzeug oder??

[betterthantherest]

Antwort auf Beitrag Nr.: 37.817.394 von Ramses144 am 20.08.09 13:30:24

einfach "Bild einfügen"

[Kar45]

Antwort auf Beitrag Nr.: 37.817.324 von Ramses144 am 20.08.09 13:22:14

Nach oben haben wir noch genug Platz

[MrRipley]

Antwort auf Beitrag Nr.: 37.817.577 von betterthantherest am 20.08.09 13:52:12

Ich wusste doch, dass hier immer noch Value-Investoren lauern
Herzlich willkommen!


Kommentar von betterthantherest im Thread betterthantherest:

Johnston Press PLC
ISIN GB0004769682 / WKN 893155
Einschätzung: Kaufen.
Branche: Zeitungsverlag
Johnston Press gehört zu den drei größten Zeitungsverlagen Großbritanniens. Das Geschäft besteht aus hunderten von lokalen Zeitungen, sowie diversen Internetangeboten. Zeitungen sind bekanntlich am „aussterben“ und bei Johnston Press kamen zusätzlich Managementfehler hinzu, was beinahe zur Insolvenz des Unternehmens geführt hätte. Die Gefahr ist noch nicht ganz gebannt, jedoch scheint es der neuen Geschäftsleitung zu gelingen, das Unternehmen zu stabilisieren. Wenn man sich den Kursverlauf der vergangenen Jahre ansieht, kann man vielleicht erahnen, wohin der Kurs bei einem wiedererstarken des Geschäftes ausschlagen könnte.
Da bei dieser Gesellschaft nach wie vor die Gefahr eines Totalverlustes besteht, habe ich wegen des durchaus vorhandenen Risikos nur eine im Verhältnis kleine Summe investiert.

[Ramses144]

Danke betterthantherest!

Ging/geht bei mir nach wie vor nicht!

"Wenn die Banken grünes Licht geben und die Bank dementsprechend refinanziert wird und die Insolvenz kein Thema mehr ist, sollte einem weiteren Anstieg nichts mehr im Wege stehen."

Sorry...natürlich nicht die Bank sondern das Medien/Zeitungs-Verlag/Unternehmen JP!

Gruss
C.

[Ramses144]

Hallo Zusammen,

habe etwas Zeit im Internet verbracht und ich habe etwas spannendes für JPR-Investoren oder Interessierte!
Es ist echt beachtlich zu sehen welche Größe dieser Konzern tatsächlich hat! Wenn ich da an unsere "Áugsburger Allgemeine+X" denke bzw. im Verhältniss sehe ist das ein Haus- und Hinterhof Zeitungs-Verlag.


British newspapers owned by Johnston Press

The following is a partial list of British Newspapers owned by the Company:

Arbroath Herald
Banbury Guardian
Batley News
Birstall News
Blackpool Gazette
Bognor Observer
Bridlington Free Press
Buckingham Advertiser
Bucks Herald
Burnley Express
Chichester Observer
Crawley Observer
Cumbernauld News
Daventry Express
Derbyshire Times
Dewsbury Reporter
Diss Express
Doncaster Free Press
Driffield Times
Driffield Post
Edinburgh Evening News
Edinburgh Herald and Post
Eastbourne Gazette
Eastbourne Herald
Falkirk Herald
Fife Herald & Post
Filey Mercury
Fleetwood Weekly News
Green Un (Sheffield)
Halifax Courier
Harborough Mail
Hartlepool Mail
Hemel Gazette
Isle of Man Examiner
Kilsyth Chronicle
Lanark Gazette
Lancashire Evening Post
Leamington Courier
Littlehampton Gazette
Lytham St Annes Express
Malton & Pickering Mercury
Mansfield Chad
Manx Independent
Mirfield Reporter
Montrose Review
Morpeth Herald
News Guardian
The News (Portsmouth)
Northamptonshire Evening Telegraph
Northampton Chronicle & Echo
Northumberland Gazette
Perth Herald & Post
Peterborough Evening Telegraph
Pocklington Post
Rugby Advertiser
Scarborough Evening News
Scotland on Sunday
The Scotsman
Sheffield Star
Sheffield Telegraph
Shields Gazette
Shoreham Herald
Stornoway Gazette
Sunderland Echo
Sussex Express
Times & Citizen (Bedford)
Todmorden News
West Lothian Herald & Post
West Sussex County Times
West Sussex Gazette
Worthing Herald
Yorkshire Post

Es geht weiter...da haben die die Marktführerschaft!

Irish Newspapers owned by Johnston Press
In total, twenty-two titles are published in Northern Ireland, fourteen in the Republic and one in both:

Johnston Publishing (NI)

Daily
News Letter

Local

Ballymena Times
Ballymoney and Moyle Times
Coleraine Times
Dromore Leader
Larne Times
Londonderry Sentinel
Lurgan Mail
Mid Ulster Mail
Portadown Times
Tyrone Times
Ulster Star

Free Titles

Banbridge & District Weekender
Belfast News
Craigavon Echo
East Antrim Advertiser
Lisburn Echo
Mid Ulster Echo
North West Echo

Derry Journal Newspapers
Local
Derry Journal
Donegal on Sunday
Donegal Democrat/Donegal People’s Press
Sunday Journal

Free Titles
City News
Foyle News
Letterkenny People

Johnston Press Ireland

Dundalk Democrat
Leinster Leader
Leinster Express
Leitrim Observer
Longford Leader
Offaly Express
South Tipp Today Free Sheet

Kilkenny People Ltd

Kilkenny People

Limerick Leader Ltd

Limerick Leader

Nationalist Newspaper Co

The Nationalist and Munster Advertiser
Tipperary Star

Tallaght Publishing Ltd

The Echo


Websites owned by Johnston Press

The Company owns the following websites:

www.jobstoday.co.uk
www.jobstoday.ie
www.propertytoday.co.uk
www.propertytoday.ie
www.motorstoday.co.uk
www.motorstoday.ie
www.i3marketing.co.uk

References

Trinity Mirror, Johnston Press and Mecom crash out of FTSE 250 a b c d e f "History of Johnston Press". Johnston Press PLC. http://www.johnstonpress.co.uk/. Retrieved 2007-08-10.
Newspaper Society Database of Mergers
Press Release on Purchase of Score Press
Press Release on Purchase of Leinster Leader Group
Johnston Press buys Scotsman


http://en.wikipedia.org/wiki/Johnston_Press

[Ramses144]

Hallo Zusammen,

es gibt doch ein gutes Gefühl, dass das Management weiterhin nachkauft. Das gibt mir die Sicherheit selbst bei 125-130% Kursrendite im Durchschnitt die Dinger zu halten.


15:59 Johnston Press PLC - Director/PDMR Shareholding RNS
RNS Number : 8529X Johnston Press PLC 21 August 2009

Johnston Press plc (the "Company")


JOHNSTON PRESS PLC SHARE INCENTIVE PLAN


The Company has been informed that the following Directors and members of the Group Management Board purchased Ordinary shares of 10p each in the Company under the Johnston Press plc Share Incentive Plan on 21 August 2009 at a price of 29.39p per share:


Name Shares Purchased Beneficial Interest Resultant Interest*
S R Paterson 425 243,470 12,122,920
D Cammiade 425 205,504 12,084,954
M A Vickers 425 100,297 11,979,747



THIS INCLUDES SHARES HELD BY THE JOHNSTON PRESS EMPLOYEE SHARE TRUST.
21 August 2009

This information is provided by RNS The company news service from the London Stock Exchange


Der heutige Tag war mal wieder sehr erfolgreich und für die kommenden Wochen auch sehr erfolgsversprechend zu deuten.

Da ich nach wie vor keine Bilder einstellen kann anbei eine interessante britische Seite, die mehr Infos zu den Trades gibt:


https://www.halifaxmarketwatch.co.uk/security.cgi?csi=10223&…

[Ramses144]

Hallo Zusammen,

um JPR Investoren etwas auf dem laufenden zu halten, hier ein paar interessante Einschätzungen, Aussagen oder Meinungen von heute zu diesem Wert, aus britischen Brains.

Nach wie vor bin ich wohl der Meinung, dass dies die billigste Aktie auf dem Markt ist, im Medien-Bereich.

Gerne bitte ich auch um andere Meinungen.


19:41 Re: UPON SUCSESSFUL REFINANCE/its rockin... ortsur
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Earthly, have you made your mind yet about selling target or still undecided and want to see how next week pans out??

20:04 HOLDUncertainty moonowl Bewertungen:6

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The value the market has placed on JPR this year has reflected its uncertainty about the outcome the recession has on advertising revenue, the impact of the Internet on advertising revenue and its ability to strike a deal with its lenders. And clearly earlier this year it was being priced as if shareholders were likely to be wiped out.

Now the picture is looking a little clearer. First off the interim results. We already know that for the first 4 months of the year, advertising revenue was down about 35%, and latest reports suggested signs of it bottoming out. This has been borne out by recent reporting by other media companies. So pencil in about 140m for advertising revenue. 2008 was a bad year but newspaper sales was remarkably steady against 2007 at about 100m for the year - so, say 50m for the interim. Add in 40m for their other revenue streams. That's 230m.

Costs? Last year was 404m, say no change other than their expected 30m a year savings for 2009, that's 187m for 6 months. That disregards that their second biggest cost - newsprint is down this year.

That's 43m operating profit, lop off 17m interest to service the debt and that leaves 27m, 7m for the taxman and that's 20m after tax. Cash flow's better as capex will be lagging depreciation this year.

In the midst of all this gloom it should still turn a profit, and be cash positive even after servicing the debt.

Longer outlook? The audience for advertisers still appears to be there if newspaper revenue holds up. Maybe the internet is taking some business away. So? PROFITS AFTER TAX FOR EACH OF THE FIVE YEARS TO 2007 WERE AROUND 100m.

The current market value (at 30p) is 190m. Debt at the end of April was 448m down 29m in the first 4 months of this year. The current enterprise value (debt plus equity) is 638m and in 6 months it's generating 37m in interest repayments and profits - so aggregated the lenders and shareholders are getting a return of 10%.

Refinancing? 1. They got away without selling the Irish papers. 2. The banks owe the government. 3. The government likes regioonal newspapers.

My guess is come the end of the week uncertainty will be having far less of an impact on the share price than it has been.

Good luck and DYOR etc

20:28 Re: UPON SUCSESSFUL REFINANCE/its rockin... earthly 1


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ORTSUR.
Got into this share back in may at too high a price, bought on the way down to average out, however after a few false dawns decided to go for it although I did and have not bought anymore on the way up as have been fully committed..sometimes you should not chase paper moons !I do like the company and have supported it on many many postings for all the right reasons of course to expect this share to go up forever is a fools dream. I think that it will hold at whatever price or just below on next wednesday afternoon 26th August I would suggest (and this is only my own belief ) if you are in profit sell half for piece of minds sake, leaving a bit of profit for the next PI and let the rest ride for a bit of fun and see where it goes to after all the gambling streak within all of us is greatest when the risk reward ratio is on our side, but do not throw caution to the wind What price this will be on Wednesday is anyones guess perhaps it will go to 0.38p or even 0.41p or 0.43p. If the announcement is favourably received within the market it could well retrace a few pence before continuing north in a perpendicular way to between 0.60p to 0.92p.
Should the announcement go against us it could re trace to 0.33p. There are other factors which could affect this share in a very positive way T/Over approach or merger etc. etc. All of the above is purely guesswork on my part. so make up your own minds and gl.

EARTHLY

[Ramses144]

http://business.timesonline.co.uk/tol/business/markets/europ…


From The Times August 22, 2009

In the know: Johnston Press; Cairn Energy; Kentz

Recommend?
Gilts

UK gilt futures came under pressure after US housing sales data proved to be much stronger than expected, reversing earlier gains in the day. The data, which showed that existing home sales had risen 7.2 per cent in July, pushed September gilt futures down nine ticks to 119.35, having traded 15 ticks higher earlier in the day.

Rumour of the day

Rumours that Johnston Press will strike a deal with its lenders over a debt refinancing have gained steam. Shares in the company, which reports on Friday, have rallied since July. Talks over its £450 million debt are close to completion, with expectations that the new deal will result in an annual interest rate payment of around £40 million.

[Kar45]

Antwort auf Beitrag Nr.: 37.830.243 von Ramses144 am 21.08.09 21:56:13

Hi Ramses


Wenn Du einen link einführen möchtest, dann gehe links auf die "Werkzeuge"!

kopiere vorher den Link in dein Posting oder BM,

https://www.halifaxmarketwatch.co.uk/security.cgi?csi=10223&…



dann markiere ihn und gehe mit der Maus auf URL einfügen und klicke es an:


das markierte sollte nun zwischen den URLs stehen...
Danach sieht so aus:

https://www.halifaxmarketwatch.co.uk/security.cgi?csi=10223&…



Das gleiche gilt für Bilder.....


LG Kar45

[Ramses144]

Hallo Zusammen,

endlich gibts mehr(überhaupt :look "fundierte" Informationen zu dem was hier im Hintergrund abläuft bei JPR!
Die sind mächtig auf Refinanzierungskurs.
Und das ist gut so. Wurde auch Zeit!

Spätesten nächsten Freitagzeigt sich welche Karten die aus dem Ärmel ziehen.



Schön auch zu sehen wer hier die Beteiligten/Berater sind.(." NM Rothschild and Cazenove are advising the group during its negotiations to extend the facilities beyond September 2010.)


http://www.independent.co.uk/news/business/news/scottish-gia…

Scottish giant Johnston Press close to refinancing £500m debt

Lloyds and RBS would be performing 'a highly political act' if they pulled the plug on publisher

By Margareta Pagano, Business Editor


Sunday, 23 August 2009
Share

Bankers to Johnston Press are optimistic that refinancing the newspaper publisher's £500m of debt should be finalised over the next few days.


One adviser said on Friday: "These negotiations are always done at the 11th hour and this is no different. But we are hopeful that agreement will be reached with the syndicate by the end of August." NM Rothschild and Cazenove are advising the group during its negotiations to extend the facilities beyond September 2010.

The adviser added: "Royal Bank of Scotland and Lloyds, both owned by the taxpayer, are big lenders to Johnston so it would be a highly political act if they decided to pull the plug on such a big group employing so many people, particularly in Scotland."

Johnston, which publishes The Scotsman as well as 200 or so local newspaper titles, was close to breaking its debt covenants earlier this year following the collapse of the sale of its Irish titles and asked for banking facilities to be extended beyond September 2010.

Its chief executive, John Fry, will update the market on the refinancing on Friday when he reports half-year figures for Scotland's biggest newspaper-to-online group, which has suffered badly from the downturn in advertising. Speculation that Johnston would be looking to raise up to £200m through a two for one open offer placing at 15p a share was denied by company advisers. Johnston, which was once worth more than a £1bn but is now valued at only £180m, saw its shares add 1p to close at 31p on Friday.

Other FTSE 100 companies reporting this week, in one of the busiest corporate weeks for months, include Diageo, Bunzl, Admiral, Serco, WPP Group, Cairn Energy and Kazakhmys. Drinks group Diageo, best known for its Guinness and Moet Hennessy brands, reports full-year results on Thursday which are expected to show a small downturn in organic sales growth. Brokers Charles Stanley forecast Diageo will report an increase in profit before tax to £2.3bn but that sales year on year will be 0.3 per cent lower, although it is likely to out perform its competitors. Shares have already shot ahead by 12 per cent over the last few months and most analysts are switching out of a buy to a neutral.

Investors will be looking for news from housebuilders Bovis and Persimmon for further clues to the state of the housing market as well as their own balance sheets. Shares in Persimmon have recovered sharply over the last few months, shooting up to close last week at 501p as investors look for recovery in the sector.

[Ramses144]

From The Sunday Times August 23, 2009

Bid to buy The Scotsman from troubled Johnston Press

Secret discussions underway with group of businessmen to buy the newspaper from Johnston Press

A consortium of Scottish businessmen is trying to buy The Scotsman newspaper from the debt-laden Johnston Press.

Martin Gilbert, the chief executive of Aberdeen Asset Management, has joined forces with Edinburgh financier Ben Thomson and property developer Mark Shaw to acquire the daily.

Talks have taken place in recent weeks but the two sides are believed to be a long way apart on price. Industry sources say Johnston is holding out for about £40m for The Scotsman, which it bought from the Barclay brothers for £160m in 2005.

The group is in parallel discussions with Newsquest, publisher of rival The Herald, about a joint venture to pool resources. Previous attempts to merge the titles were blocked by politicians.

Related Links
Johnston Press faced with renegotiating debts
Journalists ‘reeling' at Herald jobs threat
The latest discussions underscore the crisis engulfing regional media, which has been hammered by the collapse in advertising revenues caused by the recession and online competition.

Several high-profile businessmen have been approached to join the consortium, which has the blessing of Alex Salmond, Scotland’s first minister. Thomson, the chairman of Noble Group, the boutique investment bank, is said to be arranging financing.

Sources close to Johnston confirmed an informal approach for the division, which includes Scotland on Sunday and the Edinburgh Evening News, but said there were no plans for a formal sale.

Johnston’s acquisition of The Scotsman was seen as the crowning glory of a buying spree that had taken the company from a family-run player to one of the country’s largest regional publishers in barely a decade.

In reality, it was one of several deals too far for the group, which is locked in talks with lenders to reset the borrowing terms on £450m of debt by August 31.

The restructuring follows a deeply-discounted rights issue last year, when the Malaysian tycoon Ananda Krishnan took a 20% stake.

Tim Bowdler, the chief executive, was replaced in January by John Fry and former Scottish Power boss Ian Russell became chairman.

Johnston hopes to strike a deal with lenders in time for Friday’s interim figures. It is believed to be offering its banks warrants to subscribe to a 5% stake in the company.

In May Johnston Press abandoned plans to sell its Irish portfolio of 13 regional newspapers, including the Kilkenny People, the Leinster Leader and the Limerick Leader, and two printing presses.

The group spent over €200m (£174m) buying Irish assets and had hoped to sell them for up to €70m. Since aborting the sale process, it has been implementing a rationalisation programme including job cuts and moving production jobs from Limerick to Co Antrim.

http://business.timesonline.co.uk/tol/business/industry_sect…

[Ramses144]

Kommentar zu der aktuellen Situatuion von einem britischen User:

By John Rees. Independent to face new pressure

Etc. Etc......last part of article,
Seperately, regional newspaper group JOHNSTON PRESS is on the brink of an agreement with its bank over its loans that could see interet rate payments increase 8% in 2010 from 5.5% last year.The deadline is the end of the month. Johnston unveils its interim results on Friday.



comment. This is just a repeat of Public knowledge printed in THE TIMES yesterday, However it it does reinforce awareness of the facts as they will be presented at the announcement of the interim figures which will perhaps not look too good on the surface followed by news of their arrangements to perhaps recapitalise or otherwise, The fact that they are considering the selling off the SCOTTISH newspapers, should tell us that JPR are making the right decissions in a difficult market and which also confirms that recovery is well on its way, slowly but surely and their bankers recognise their efforts by supporting then in their endeavours.


EARTHLY

[Ramses144]

...the same...

08:22 No RI!!!! Warren Bucket 2


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See article below.

Not that I ever expected one, but there's no doubt this fear has wieghed on the SP. now it's been denied, it's another brake let off this rocket.

Can't remember such a good weekend of press in any share I've been invested in:

- bidder for the scotsman
- only 8% interest confirmed by 2 sources
- no RI
- refinancing expected (as we thought - no way LLOY & RBS can pull plug)

My revised target is 55p - 60p within a month. 40p + by Friday.

WB

[Ramses144]

...neues von Ramses...

paidContent:UK - Johnston Rejects Scotsman Sale Talk, Launches Hyperlocal Sites
Mon Aug 24, 2009 3:09pm BST
Email | Print | Share| Single Page[-] Text [+] By Patrick Smith - paidContent:UK


Regional newspaper publisher Johnston Press has poured cold water on rumours that the group is to sell off The Scotsman. Sources tell both Times Online and Guardian.co.uk that a consortium of Scottish businessmen has held talks to buy the title, which Johnston bought from the Barclay brothers for £160 million in 2005. Johnston doesn’t deny that talks have take place but announced to the stock market this morning: “Whilst Company policy is not to comment on such speculation, Johnston Press can confirm that the board does not have any disposal process underway in this regard.”
Johnston is under pressure to agree a deal with lenders over a £450 million debt repayment deadline due this Friday, when it also unveils its H109 results.

One thing Johnston is doing is expanding its network of hyperlocal sites in its key cities: the Yorkshire Evening Post has added harehillstoday.co.uk to its list of 20 community sites covering the Leeds conurbation. The sites are essentially repurposed local versions of the main Yorkshireeveningpost.co.uk, but also include local sports results, planning applications and video. More community sites are planned this year. Release.

http://uk.reuters.com/article/idUK47487632020090824


Johnston Press has no disposal plans
Sun Aug 23, 2009 4:57pm BST

By Julie Crust
LONDON (Reuters) - Regional newspaper publisher Johnston Press (JPR.L), which is in debt refinancing talks, said on Sunday it has no disposal plans.

The comments followed a Sunday Times report that a consortium of Scottish businessmen are trying to buy The Scotsman newspaper, Johnston's flagship title, although the paper said the two sides were a long way apart on price.

"Having terminated discussions on the Irish disposal process some months ago there are no further disposal plans underway," said a spokesman for Johnston.

Johnston had abandoned the planned sale of its Irish titles, saying there had been plenty of interest from trade and financial buyers, but not at a satisfactory price.

Investors will be looking for an update on the newspaper publisher's plans to refinance about 450 million pounds of debt when the group issues its interim results on Friday.

The Sunday Times, citing industry sources, reported that Johnston is holding out for about 40 million pounds for The Scotsman.

(Editing by Rupert Winchester)

http://uk.reuters.com/article/idUKTRE57M0YK20090823

[Ramses144]

Johnston Press PLC
Daily Commentary


Our system posted a HOLD today. The previous BUY recommendation was made on 21.08.2009 (3) days ago, when the stock price was 28.5000. Since then JPR has gained 37.72% .

http://britishbulls.com/StockPage.asp?CompanyTicker=JPR&Mark…

Our advice today is simple and clear. Hold your stocks and wait for a new signal.

Do not bother yourself with further buying and selling as long as the HOLD tag stays.

Candlestick Analysis
Today’s Candlestick Patterns:
White Marubozu


Today a White Marubozu was formed. This shows that the buyers controlled the price action from the first trade to the last trade.

[Ramses144]

Hi @ll,

Interessantes aus den britisch Boards:


Wed 10:46 BUYIt will be alright on the day Meek02


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Don't panic guys, shares go up, shares go down. I think everyone will be pleasantly surprised come Friday, I live in Edinburgh and know a number of people that work for JPR and they keep telling me to fill my boots. So fill my boots I have.

Look at TNI today and then think what if.

Nice thought, isn't it.

Hm, da habe ich auch sowas gehört, jedoch nicht von JPR...bin leider etwas weit weg(oder zum Glück ;-)) sondern eher von Zuliefer-Firmen von JPR. Hm... ich sag nur wenn ihr drin seid, bleibt drin und zwar long!!!

[Ramses144]

Irgendwo dazwischen liegt die Wahrheit...jetzt wird es noch mal spannend. Die britischen Boards sind sehr stark frequentiert gewesen die letzten Tage.
Komischerweise war dies heute der ruhigste Tag seid Wochen...
Ich sags ja die Ruhe vor dem Sturm!

19:00 Re: Can we stop all the... Andy0000


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That is, I don't dissagree with your valuation at this moment in time disregarding the future prospects.
50p is not nearly the value of this business long term. Before the banks ruined the game JPR had consistent cash flow for many years. It may never go back to the heady days but even with a discount its got to be worth a quid.
If I was builing a portfolio for my pension this would be in it with a minimum target of a quid.
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18:58 Re: Can we stop all the... moonowl


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Below is a verbatim quote from the Independant a few days ago about finalising refinancing at the last minute (well the 11th hour at least).


Bankers to Johnston Press are optimistic that refinancing the newspaper publisher's £500m of debt should be finalised over the next few days.


One adviser said on Friday: "These negotiations are always done at the 11th hour and this is no different. But we are hopeful that agreement will be reached with the syndicate by the end of August." NM Rothschild and Cazenove are advising the group during its negotiations to extend the facilities beyond September 2010.

The adviser added: "Royal Bank of Scotland and Lloyds, both owned by the taxpayer, are big lenders to Johnston so it would be a highly political act if they decided to pull the plug on such a big group employing so many people, particularly in Scotland."


--------------------------------------------------------------------------------

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18:50 Re: Can we stop all the... Andy0000


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It gets leaked moonowl.

Don't dissagree with your valuation nor your thesis on the sp movements, also really hope the results are good because I hold a lump of mec. and should be positive for them.
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18:45 Re: Can we stop all the... moonowl 1


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Andy

don't agree with all you say - especially any refinancing being leaked. I should think it's probable that the refinancing terms have still not been signed off. These things are always done at the last minute.

People took a position on tomorrow's outcome last week and early this week;the last couple of days a lot of people may have felt that buying in at the mid to late 30s just didn't give enough upside.

Some people who moved in early will also have opted for a good gain without taking the risk of being in should the announcement tomorrow be less favourable.

I guess it all boils down to this - what factors should make a valuation (by debt or equity holders) significantly worse than Trinity Mirror, which has already reported to June.

If there are no divergent factors then a similar EV for JPR would be c50p.
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18:32 Re: Can we stop all the... Andy0000


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Big MOH,

It is a concern of mine when I hold over results day in any company. ( I am out for the moment)

The reason I say this is because the big city institutions will have a good idea about tomorrows numbers. When a company is preparing for a big update, staff, outside accountants, lawyers, family, secretaries etc. etc. all know the contents in advance. It is inconceivable that the major players have no idea what the story is.

I take the view rightly or wrongly that the risk is to the downside because;

1. I seem to lose more often than not at results.
2. If you accept that when more than one person knows something its not secret the major players will have prior knowledge.
3. There was no surge in buying late today, in fact the sellers have it for a couple of sessions.
4. Major plc investors have their staff in the company that they are investing in many time a year. I know a plc that had innumerate visits over the year, getting a feel and asking questions.
5. The refinancing has been leaked and caused the recent doubling of share price, the company needs to do more than confirm this for the sp to rise quickly. Increasing ad revenue for example.

This is my view around results day, but I take the view that this company isn't going anywhere and is worth sustantially more than the share price indicates. It may just require a little patience (which I don't do) thats all.

On the other hand because I have sat out for results I will probably be proved wrong.

The best of luck all holders.
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18:31 Re: Can we stop all the... ahollingshead


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Well considering they've rose from 15p to 35p in less than a couple of weeks would tend to suggest that if someone knows something then the results can only be positive.
-----------------------------------------------
Not only that, but lets not forget that only last Friday JRP opened at 28.5p. We might have had 3 red days but there were 2 pretty big green/blue days prior to that which leaves us still up from 7 days ago.
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18:18 Re: Can we stop all the... Demon_G 1


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Well considering they've rose from 15p to 35p in less than a couple of weeks would tend to suggest that if someone knows something then the results can only be positive.

You can't get continuous gains day on day, you will always get nervy traders selling off before the results, many jump on for ride, take their profit and then jump on to the next bus. You're dealing with normal human traits and emotions.

Until the results are there in black and white there will always be a degree of uncertainty, is it a gamble? That's up to you to decide but if you're investing your hard earned cash on a flip of a coin then it is, you're not, you're investing in a well respected company who have fallen foul of the times and made a few bad decisions which has given you the opportunity to buy at these prices.

We're all here for the same reasons, we believe the recent downturn in the market has been overdone and there is money to be made from the usual polarised reaction to the economy.

The SP does not live and die by the results tomorrow.

Stay cool

[Ramses144]

Johnston Press agrees £485m debt facility
By Philip Stafford

Published: August 28 2009 08:43 | Last updated: August 28 2009 08:43

Johnston Press, the struggling regional newspaper group, has agreed a three-year financing facility as part of a debt restructuring plan.

Interim results at the publisher revealed that revenues for the first six months of the year had fallen by a quarter following the sharp drop in advertising and circulation, while it also wrote off a further £126m in the carrying value of its titles, to take total write-offs to more than £500m.

EDITOR’S CHOICE
INM to sell S African outdoor ad business - Aug-27.Birmingham Post faces threat of going weekly - Aug-25.Freesheet model seen as no longer viable - Aug-21..The £485m facility will see the group pay interest of Libor plus 4.15 per cent to its lending banks, which include Royal Bank Scotland and Lloyds, and a total of 9.45 per cent to the owners of loan notes. In return, the lenders will also be given warrants to subscribe to a 5 per cent stake in the company in exchange for their support.

The news pushed Johnston shares up 9.3 per cent to 38p at the open in London.

Such an equity “sweetener” is similar to that offered to the creditors of other struggling companies, such as Taylor Wimpey and Mecom, in order to win investor support for refinancing schemes.

While lenders agreed to reset Johnston’s banking covenants, no debt has been forgiven. The group’s net debt was reduced by £52.8m in the six months to stand at £424m as of June 30.

Interim results revealed the extent of the advertising downturn and circulation loss. Revenues for the six months to June 30 fell 25.4 per cent to £218.6m. Pre-tax losses widened to £94.2m from £53.7m a year ago. Losses per share were down to 10.57p from 15.13p in 2008.

First-half advertising revenue fell 32.1 per cent but Johnston said the speed of decline in the market was slowing down, with turnover in the first eight weeks of the second half down 26.1 per cent year on year.

“Advertising revenues are demonstrating greater stability and we expect the cyclical improvement when it comes to more than compensate for any ongoing structural change,” said John Fry, chief executive.

Stuart Paterson, chief finance director, refused to comment on recent speculation over whether it would sell The Scotsman, one of Johnston’s biggest assets. In May, the group withdrew its Irish titles from sale.
.Copyright The Financial Times Limited 2009. You may share using our article tools. Please don't cut articles from FT.com and redistribute by email or post to the web.

[Ramses144]

Johnston Press Agrees New Financing Facility; Net Loss Widens

Share | Email | Print | A A A

By Jonathan Browning

Aug. 28 (Bloomberg) -- Johnston Press Plc, publisher of the Yorkshire Post and The Scotsman, said it agreed a three-year banking facility with its lenders.

Johnston Press, which has net debt of 424 million pounds ($690 million), agreed a 485 million-pound facility, the Edinburgh, U.K.-based company said today in a statement distributed by the Regulatory News Service. Johnston Press said it agreed share warrants over 5 percent of the company’s share capital.

“While the cost of borrowing in the current market has increased considerably, these arrangements allow the Group to actively manage through the current cycle,” Chief executive Officer John Fry said in the statement.

The publisher also said its net loss in the six months ended June 30 widened to 67.5 million pounds, from 64.8 million pounds a year earlier. Sales dropped 25 percent to 218.6 million pounds.

To contact the reporter on this story: Jonathan Browning in London [e-mail].

Last Updated: August 28, 2009 02:27 EDT

http://www.bloomberg.com/apps/news?pid=20601102&sid=aSTpIvcp…

[Ramses144]

Broker recommendation full details
Date: 28 August, 2009
Broker: Numis Securities
Company: Johnston Press


Recommendation:
Retain Hold price target 38p

InterMarket Stock's recommendation rating:
Neutral, hold


Over all Intermarket Stock rating for
Johnston Press
Neutral, hold


Historical recommendations for Johnston Press
First Last
28 August, 2009 Retain Hold price target 38p Neutral, hold
25 August, 2009 Retain Sell price target 16p Sell
24 August, 2009 Retain Hold price price target 29p Neutral, hold
21 August, 2009 Retain Neutral price target 18p Neutral, hold


http://www.intermarketstocks.com/imsmembers/imsrecdetails.ph…

[Ramses144]

Industry News
Friday August 28, 07:45 AM

Johnston Press agrees £485m debt facility
By Philip Stafford


Johnston Press (LSE: JPR.L - news) , the struggling regional newspaper group, has agreed a new three-year financing facility as part of a debt ADVERTISEMENT


restructuring plan.

Interim results revealed the publisher had seen revenues for the first six months of the year drop by a quarter following the sharp drop in advertising and circulation, while it also wrote off a further £126m in the carrying value of its titles, to take total write-offs to more than £500m.

The £485m facility will see the group pay interest of Libor plus 4.15 per cent to its lending banks, which include RBS (LSE: RBS.L - news) and Lloyds, and a total of 9.45 per cent to the owners of loan notes. In return, the lenders will also be given warrants to subscribe to a 5 per cent stake in the company in exchange for their support.

The news pushed Johnston shares up 9.3 per cent to 38p at the open in London.

Such an equity "sweetener" is similar to that offered to the creditors of other struggling companies, such as Taylor Wimpey (LSE: TW.L - news) and Mecom, in order to win investor support for refinancing schemes.

While lenders agreed to reset Johnston's banking covenants, no debt has been forgiven. The group's net debt was reduced by £52.8m in the half year to stand at £424m as of June 30.

Interim results revealed the extent of the advertising downturn and circulation loss. Revenues for the six months to June 30 fell 25.4 per cent to £218.6m. Pre-tax losses widened to £94.2m from £53.7m a year ago. Losses per share 10.57p from 15.13p in 2008.

First half advertising revenue fell 32.1 per cent but Johnston said the speed of decline in the market was slowing down, with turnover in the first eight weeks of the second half down 26.1 per cent year-on-year.

"Advertising revenues are demonstrating greater stability and we expect the cyclical improvement when it comes to more than compensate for any ongoing structural change," said John Fry, chief executive.

Stuart Paterson, chief finance director, refused to comment on recent speculation over whether it would sell The Scotsman, one of Johnston's biggest assets. In May the group withdrawn its Irish titles from sale.

http://uk.biz.yahoo.com/28082009/399/johnston-press-agrees-1…

[Ramses144]

Hi @ll,

hier eine Nachricht vom Master persönlich:

Dear Colleagues

I am writing to you following the announcement of our results covering the first half of this year. As you will be aware, our business has been impacted by the severe economic downturn. Advertising fell by a third compared to the same period last year making this the most severe fall experienced by our industry in living memory. Declines hit a peak in January after which the rate of decrease has improved. Whilst we expect declines for the rest of this year, they will be smaller than those encountered in the first half and, as the economy recovers, we expect advertising to recover with it.

Through contining to trade profitably, tight management of our capital expenditure programme and the excellent performance of our team collecting cash from customers, we managed to achieve a strong cash inflow during the first half. This enabled us to reduce our debts by £52.8 million and agree new lending facilities designed to provide the finance to operate the business through the depths of the recession. The new facility requires us to pay more interest than before but it is within the capability of the business to do so.


During the first half of the year, our revenues from newspaper sales fell by 2%, a smaller decline than expected by many market commentators. A variety of actions through the Company including improving availability of copies in retailers, increased subscriptions and a sharp focus by editorial staff on each of our local communities, have reduced circulation declines in recent weeks. Our online audience has continued to grow, up 15% in the first half. Whilst it is difficult to invest large amounts of money during the economic downturn, we have managed to make progress with our digital offerings. A new jobs proposition was launched in August using a joint venture with the Daily Mail Group's Jobsite system. This has enabled us to move quickly and I am pleased to report that the results of the first few weeks after launch have been very positive. Additionally, we have signed contracts with a supplier of a new editorial and content management system. This will facilitate better content throughout our websites as well as provide our editorial staff with a better system with which to work.

As we look forward, we will continue to focus on the quality of our print offerings. We expect to provide more colour printing during the rest of this year, better availability and increased pagination as advertising recovers. We are also exploring further partnerships to enable us to upgrade our digital offerings and these will be announced as they are concluded.

Finally, I am pleased to say that after a period of extreme volatility, our share price has moved upwards from the low point of last March. The past year has been a difficult period for the Company and I really appreciate the efforts of all staff during that time. Whilst the timing of the recovery is uncertain, it does appear that we have now arrived at the worst point in the economic cycle and most analysts expect to see the beginnings of recovery during the next 12 months.

Best wishes.

John Fry
Chief Executive


John Fry
Chief Executive
Johnston Press plc
108 Holyrood Road
Edinburgh
EH8 8AS

[betterthantherest]

Antwort auf Beitrag Nr.: 37.873.828 von Ramses144 am 28.08.09 16:09:09

John Fry war in seinem bisherigen beruflichen Werdegang recht erfolgreich. Man kann ihm, in unserem Interesse, nur ein weiter so wünschen.

[Ramses144]

Johnston borrows at nearly 20 times base rate to refinance debt

The Scotsman Building
Simon Bain

0 commentsPublished on 29 Aug 2009

Johnston Press has refinanced its debt but at a borrowing cost of almost 20 times base rate, the company revealed yesterday.

The publisher’s bankers, Royal Bank of Scotland and Lloyds Banking Group promient among them, have almost doubled the rate at which Johnston borrows, and additionally taken a security in the form of share warrants on 5% of the bank’s share capital.

Asked whether the change in banking terms had been onerous, chief executive John Fry told The Herald: “It is very painful. It has gone up from just over 5% to just under 10%.”

On the attitude of UK banks to supporting companies in difficulty, Fry said: “On the receiving end one has to pay what one has to pay. It would be true to say that the banking market is not terribly competitive.”

Base rate has fallen from 5.5% to 0.5% since the beginning of the year, with the government urging the banks, particularly those with large state shareholdings, to give maximum support to businesses.

Johnston Press said: “While the cost of borrowing in the current market has increased considerably, these arrangements allow the group to actively manage through the current cycle.”

Johnston’s shares, which crashed to barely 5p in March, rose 3.25p to 38p as the company said it expected to remain within its bank covenants “after applying reasonable downside scenarios”.

It yesterday reported a 33% drop in first-half advertising revenues, but a 15% drop in total costs despite a 20% rise in newsprint costs.

Fry said: “There is a lot more stability in the advertising since the spring.”

Underlying operating profit more than halved from £81.6m to £38.2m, on a margin down from 29.7% to 17.5%, which the group said was “creditable”.

Despite taking a mammoth £417m impairment charge on the value of its titles last year, Johnston has had to add in a further £126m, widening the pre-tax loss to £94.2m from last year’s £53.7m.

“This impairment has been taken as the trading performance in the first six months of this year has continued to be impacted by the depth of the recession,” Johnston said.

A reduction in headcount of 439 saw reorganisation and redundancy costs total £5.4m.

Net debt was reduced by £53m to £424m, though a third of the benefit came from sterling’s rise against the euro.

The group, which publishes over 300 regional newspapers, has since May refused offers for its Irish titles, bought for £175m, and reportedly rejected a £40m offer for its Scotsman titles in Edinburgh, which it bought for £160m, in favour of a refinancing.

Fry commented that Johnston had “not put the [Scotsman] business up for sale”. He said disposals were “not on the agenda in the short-run”,

Year-on-year advertising revenue declines were 53.8% for employment, 54.2% for property and 29.3% for motors.

Display revenues, historically more resilient during recession, fell by 16.3%.

Digital revenues, up 52% in the first half of 2008, were down 19%.

“Advertising became progressively more difficult throughout the year, with advertising declines hitting their worst point in January 2009,” the group said.

“Since then, we have seen a stabilising trend in the advertising environment with the first quarter down 34% and a slight improvement in the second quarter, down 31.4%.”

Newspaper sales revenues were down 1.9%, with circulations declining by an average of 7.7% for daily titles and 7.1% across weeklies.

Contract printing revenues were down 8.6% year-on-year, reflecting reduced volumes, and the closure of some publications previously printed under contract.

The Advertising Association has reported a 16.3% fall in total UK advertising for the first quarter of the year.

Johnston said regional publishing had suffered more than other media due to its reliance on recruitment and property and continuing structural change, adding: “As we come out of the recession we expect further losses of share to digital competitors, though at a slower rate than before.”

[Ramses144]

Newspapers in demand after UBS note

*
Comments (0)
* Buzz up!
* Digg it

The silver lining for newspaper publishers in the cloud of falling
circulation is likely to be a drop in newsprint prices. So predicts UBS, whose latest research note on UK paper publishers has helped their shares shoot up today.

Analysts at the investment bank believe 10% newsprint price cuts are likely in 2010. That will bring welcome relief to publishers battered by a slump in advertising and circulation.

Simon Whittington and Alastair Reid at UBS comment:

"Newsprint costs represent around 15% of a newspaper publisher's cost base, and are likely to be down significantly in Europe next year due to lower demand, increased capacity, and significantly lower US prices."

"Following changes to our paper analyst's forecasts, we increase our assumption for 2010 newsprint price declines to 10% (from 3%), resulting in 2010 EPS upgrades of 4% and 11% for DMGT and Trinity Mirror, respectively."

They believe there will be more news on this as contracts are agreed throughout the negotiating period towards the end of this year and that market attention will focus increasingly on the issue of newsprint costs.

UBS has a "buy" recommendatin on shares in Trinity Mirror and a 160 price target. Its shares are up 20p, or 14.8%, at 155.25p in late trading.

"Despite having more than doubled in value since June, we believe there is more to go for.

"With increased cost savings, improving top line momentum, and a potentially narrowing pension deficit, Trinity Mirror remains our preferred pick in the UK newspaper space."

They keep a "neutral" rating on Daily Mail & General Trust and on Johnston Press. DMGT is up 3.4p, or 0.9%, at 393.5p and Johnston Press is up 4.25p, or 13.8%, at 35p.

http://www.guardian.co.uk/business/marketforceslive/2009/sep…

[Ramses144]

Broker recommendation full details
Date: 4 September, 2009
Broker: Goldman Sachs
Company: Johnston Press

Recommendation:
Retain Neutral price target raised to 46p from 27p

http://www.intermarketstocks.com/imsmembers/imsrecdetails.ph…

[Ramses144]

http://www.thisismoney.co.uk/investing/share-tips-and-fund-t…" target="_blank" rel="nofollow ugc noopener">
http://www.thisismoney.co.uk/investing/share-tips-and-fund-t…

Newspaper and magazine share tipsThis is Money2 September 2009Each week we round up share tips from national newspapers and investment magazines. For the Mail on Sunday's stock picks, read the Midas column.Skip additional linksSunday newspaper share tipsKeeping up appearances: All the latest share tips from the newspapers and magazines.OTHER STORIES* Four ways to save and invest for income* BCC warns UK faces 'economic relapse'* HSBC 1.99% mortgage sparks loans frenzy* Commercial property: time to get positive* Be cautious with residential property bondsFRIDAYThe TimesHays' chief executive, Alistair Cox, described last year's recruitment market as the worst in living memory. And the group, the UK's biggest recruitment agency, has felt the pain – announcing a 43% fall in annual pre-tax profits yesterday. But Hays is doing all the right things and is broadening its exposure, moving into public sector employment which will prove a helpful buffer. Shares have gained more than a third this year and while the outlook remains fragile, it's a buy.HMV may have gained a short-term boost from the failure of rivals Zavvi and Woolworths but analysts are critical of new ventures such as a move into live music, cinemas above stores and mobile concessions. Critics believe such ventures are years away from having an impact, if they ever do. How the initiatives play out is unknown but at a mere nine times this year's expected earnings, the market is assuming the worst. Hold. Daily TelegraphBP's announcement this week was arguably its best in year with a deep-water discovery of oil in the Gulf of Mexico which could contain 3bn barrels of oil. When the oil price slumped earlier this year, fears grew of a dividend cut which wasn't realised. The company is rapidly cost-cutting. Shares are up 10% since their recommendation in February. With the yield looking more secure, the shares are a buy.Melrose is a firm which buys underperforming industrial assets, shakes them up, turns them around and sells the business. A recent acquisition was engineering group FKI for just under £1bn. Recent group interim results were good, with pre-tax profits rising to almost £40m from £15.2m after acquisitions, prompting a 5% increase in the interim dividend. With net debt falling dramatically, the company should see significant margin and sales improvements once the market picks up. Buy. Investors should note the company is Melrose plc and is listed under the ticker MRO. It is not Melrose Resources, which is listed as MRS.Investors ChronicleShares in outsourcing firm Serco have been somewhat ignored during the stock market's cyclically-focused rally. But a storming set of first-half result underlines its attractions. During the period it was awarded £2.1bn worth of new contracts and was appointed preferred bidder on business worth £1.4bn. With most of the group's contracts promising long-term growth (99% of this year's budgeted revenues are already in the bag), Serco is unlikely to disappoint. Buy.It wasn't so long ago that PayPoint's management sounded confident their business was recession-proof. But the firm – which allows customers to pay bills, obtain cash or top-up mobile phones – issued a trading update earlier this month showing revenues have slumped 11%. PayPoint should expect its customers to continue to struggle with their bills or go easy when topping up mobile phones for some time to come. With signs of weakness emerging, it's time to sell.THURSDAYThe Daily TelegraphSprits group Diageo turned in a good performance last year. Despite one of the most challenging periods in recent history, the company managed to increase its operating profits, although volumes fell by 3%. The current financial year is unlikely to be hit by significant destocking, although it may be too early to see its customers restocking. However, long-term prospects are good and investors should regard any falls as a buying opportunity. Buy.Shares in Cape - the oil and mining services group – were tipped at 65½p in March and have now come off highs after hitting 230p a share. This degree of profit taking is hardly surprising after such a strong run. The firm has been making good progress on drawing down its debt and, despite current difficult trading, their hold on the Australia market should reap dividends in future. With plenty of opportunities for contracts in the next few years, it's a buy.The TimesHargreaves Lansdown, Britain's biggest private client fund management company, may have had a tough year but it's ridden the storm better than most with a 20% profit rise to £73.1m – comfortably ahead of analysts' forecasts. The firm is winning business from competitors and has loyal clients. Vantage, the company's main investment platform, is proving popular because of the ease with which clients, unhappy with the market's performance, can switch into cash. Buy.Is DSG out of the woods? Yesterday it revealed a plunge in sales but the group will soon be comparing trade against last autumn, when the collapse of Lehman Brothers — and the fears over financial collapse, wholesale job losses and vanished savings — dominated headlines. The company raised £310m in April to accelerate a promising store refurbishment programme in Britain and Scandinavia. At 19 times next year's expected earnings, that looks an expensive bet. Avoid.WEDNESDAYThe Daily TelegraphLegal & General's new chief financial officer Nigel Wilson spent his first day in the job at the embattled insurer yesterday and his work is cut out in trying to balance the company's balance sheet.L&G shares have underperformed over the last year on the FTSE 100 rising 7% against the 9% for the entire index and the company halved its interim dividend to 1.11p. But speculation that Clive Cowdery and his Resolution investment vehicle provides hope. Avoid.Support services group Serco has signed a deal worth up to £500m to deliver the Government's Flexible New Deal - training jobseekers into employment. It adds to an impressive public services portfolio, but shares still only trade with a yield of 1.3% and a price/earnings ratio of 17 - less than in other sectors.Like L&G, Serco has underperformed on the FTSE 100, but it is now a company on the up. Last week a 30.8% rise in revenue to £1.95bn had Serco forecast that revenues could hit £5bn by 2012. Public services outsourcing should continue, and with the company one of the few likely to benefit from the recession, it could be a valuable defensive. Buy.The TimesMajestic Wine's decision to change its hugely successful business model by reducing its minimum purchase requirement from 12 bottles to 6 could have a significant impact. Majestic has run year-long trials at two of its warehouses and must feel that its a step worth taking nationwide.It means that regular customers could be enticed into extra, smaller purchases that they might have previously made elsewhere. But it could be a while before the results can be assessed. Hold.Regional newspapers remain in the midst of the worst crisis in their history, with advertising revenues languishing 33% in the first half of 2009. Yet Johnston Press had successful end to last week with shares soaring on the back of debt refinancing.However, the Scotsman owner could still be forced into a cash-call to reduce its £485m debts, providing a significant risk at what is already a full valuation for a newspaper stock. Until there is broad economic recover: Avoid.

[Kar45]

Interim Management Statement
11/11/2009

Johnston Press plc today publishes its Interim Management Statement which has been drawn up for the 44 weeks to 31 October 2009, being the last practicable date, as required by the UK Listing Authority’s Disclosure and Transparency Rules.

At our half year results announcement on 28 August 2009 we reported that total advertising revenues for the first 26 weeks of the year were down by 32.7% on the equivalent period in the prior year, and that the trend had improved over the first 8 weeks of the second half and the rate of decline had slowed to 26.1%. This trend has continued with the last 10 weeks only down by 19.1% such that the first 18 weeks of the second half of the year have seen a total advertising decline of 22.1%. The greater stability in advertising revenues we referred to in the half year announcement has continued with the average weekly advertising revenues in September and October being at the same level as in May and June, with improvements in the property market offsetting a continued decline in recruitment related revenues.

In addition to the significant cost reductions made by the Group in the second half of 2008 and the first half of 2009, we expect further progress to be made with a year on year reduction for the full year to be around £50m.

During the month of October, the Group announced the closure of two printing operations, one in Kilkenny, Republic of Ireland and the other in Edinburgh, Scotland. The impacted titles will be moved to either third parties or other group presses allowing increased colour, as well as cost reductions in 2010. There will be increased redundancy costs from those previously anticipated such that the cash exceptional costs for the year will be close to £12m. These closures will also result in a write-off totalling £20m being the book value of the presses on these sites.

The business continues to be cash generative, however, there is limited scope for debt reduction in the second half of the year. This is as a result of the £15m fees on the refinancing which were payable on signing, the exceptional costs noted above and the increased interest costs.

Given the greater stability in advertising revenues, combined with reducing declines in circulation revenues and continued progress with cost savings, the Group is confident of delivering an operating profit in line with current market expectations for 2009.

Contact:

John Fry, Chief Executive or
Stuart Paterson, Chief Financial Officer
Johnston Press plc
Tel: [phone]

Richard Oldworth/Suzanne Brocks/
Christian Goodbody
Buchanan Communications
Tel: [phone]