Johnston Press Share Discussion Threads

[dazzaa] 06/10/2016 19:01

Eddy just pondering on the level of advertising prior to the purchase to produce the 5m profit as not a reader then As you say costs neutral to production and I don't disagree with that but then did it make 5m? Or did we again we over pay ?

[welshwiz] 06/10/2016 16:22

Not a chartist or ta expert but i think Jpr(love them initials) has done its fibonachi backtesting thingy and now ready for Amber nectar to re-fill their tank....keeping a close eye on the auction tonight and tomorrow morning

[welshwiz] 06/10/2016 15:49

Time to switch back on the buy bot.

[nick rubens] 06/10/2016 09:50

Cheers tighfist...Just taken a look at stockopedia and think I might try the trial.

JPR - What this one needs is for Bondholders to take a hair cut, but why should they?

Then there are titles to be sold, but that means shrinking the overall business. I thought successfull business growth inluded aquisitions and not the other way round?

It's hard to believe how this was once a News Press Giant and now on it's knees with what I consider reckless debts.

[mrx9000] 06/10/2016 09:31

New contract...

[mister md] 06/10/2016 08:52

added 50k at 14.74 not showing yet

[tightfist] 06/10/2016 08:47

Nick,Maybe buy yourself a trial subscription to Stockopedia? The tools can keep you away from most dodgy prospects or see them for what they are - Speculative. (JPR Summary StockRank score is 35/100. Tellingly the individual Value score is 91/100). Cheers, tightfist

[dazzaa] 05/10/2016 22:43

Yep read the i not bad for adverts but have been trying to get an idea of ad revenue from them surely it can't be more than £40k a page ? would it be that much? the figure if known could then be extrapolated to yearly revenue by the mathematically inclined.

[stdyeddy] 05/10/2016 19:23

Have doubled the diazepam dazzz.

[netcurtains] 05/10/2016 16:41

STVG.L - Scottish TV, I feel is also kind of linked in the Scotsman recovery play. Not sure, but perhaps there is some tandem

[dazzaa] 05/10/2016 16:37

Praise indeed eddy change of tablets ?

[stdyeddy] 05/10/2016 16:26

i looking excellent today; I reckon there's over 11 pages of ads. Mostly I've been seeing about 6 pages. A good omen for earnings if they can keep it up.

[multibagger] 05/10/2016 15:58

You are most welcome Nick !

I am watching from the side lines with interest, but have not taken a trading position.

Good luck whatever you chose to do :)

[nick rubens] 05/10/2016 15:24

Cheers multibagger, I know what you mean.

We are all here wondering if JPR will survive for current shareholders and potentially an investment for new shareholders whether short term or longer.

[multibagger] 05/10/2016 12:54

Nick,

...after about 23+ years of investing in the stock market and massive capital losses over the years, I have learnt what usually works, but of course there will be exceptions.

I stick to investing in companies with these characteristics, though I make some exceptions.

Debt free
Profit making
Recurrent business
Scalable business with no massive capital or recurrent capital requirements
Dividend paying or imminently so
High Director stake
Track record of senior management

Stay away from

Early stage - Oil and Minerals
Early stage high tech with no significant commercial revenues

Good luck !

[nick rubens] 05/10/2016 10:15

It's all still a risk for CA as it is for any shareholders here. They can only pressure the management to get on with selling titles off.

I'd buy if I thought CA will buy them back from me at higher levels, but buying on hopes that the business can survive it's debt liabilities would give me sleepless nights and stomach knots.

I'd like to see CA accumulate and then sell their stake on to a bidder who thinks they can sort the company out.

Unless CA buy more in the market, then shorter term demand seems to have gone and anyone who luckily bought under 10p still has a healthy profit available.

I need a Crystal Ball as I've exhausted all common sense avenues of trying to make money on shares.

[dazzaa] 05/10/2016 10:12

It's what any bank would do given jpr's position Jpr has sufficient cash flow ( more than) to maintain the business also if to be believed their sale of assets that are deemed surplus must spill into the equation.In the matter of share price we fool ourselves that this company moves as others in the market and almost contrarian in effect to the potential.CA will have a chastening effect on the directors but they [jpr]have no doubt where they want to take us and if the company being valued as it was for less than 10m can't even get directors buying or issue confidence boosting words, indirectly however mealy mouthed to us.

[mister md] 05/10/2016 09:53

Well 15-16p is around the level CA were accumulating before, so perhaps ...

[stdyeddy] 05/10/2016 09:41

A lot of volatility this morning. Am guessing it's more to do with the ebbing of the share price more than anything else and new buyers capitulating. I imagine CA will resume buying soon - Richard Bernstein evidently has a debt restructuring plan for jpr and CA has big backers too, so am guessing he can make it happen. Right now CA can pick up 1% of jpr for a mere £150k; small beer for a successful hedge fund, and a bargain for a business generating £40m operating profit. I imagine he's watching closely and will scoop-up another million soon. The marketmaker's spread on the share price has narrowed drastically so presumably plenty of selling and buying; maybe CA is buying today.

[tightfist] 05/10/2016 09:03

Hi stdy,My reading is that the dates are correct and that neither party sees the need to renegotiate to maintain the (unused) £25m facility for the next 12 weeks, but that the (potential) lenders were not comfortable maintaining the original £25m.2017 is now a new ball game? Presumably the screws are being put on JPR to de-risk and accelerate the asset disposal programme if they want a competitively priced contingency facility in 2017 (and potentially meet the 31/12/2016 covenants?).I wonder how this development fits with the Crystal Amber activity?Strange share price reaction this morning - maybe unrelated to yesterday's RNS? IMHO pressure on asset disposals would support the sp?Cheers, tightfist

[stdyeddy] 04/10/2016 18:33

RNS reads: '...the Lenders have agreed to waive this test and that the next covenant test date will be for the 12 month period ending on 31 December 2016.'

I assume they mean December 2017 and that this is just another example of jpr's inability to write anything without screwing it up just a little. Otherwise it makes little sense, though if anyone can enlighten me, please do.

Anyway, I gather it means that either:

jpr is confident that they don't need a credit facility of £25m, since they've not used it and the revenue outlook is good enough for them to reduce this buffer

OR they can't meet the covenant terms for £25m but they can for £12.5m

OR the lenders have decided that they're not prepared to maintain a credit facility of £25m for jpr because it's credit rating is in sausage-stall territory and it represents too big a risk.

Which is it?

If the i has maintained its circulation with the 25% increase to the cover price and its website is generating new revenue and the print advertising seems to be holding up, I've got a strong feeling that jpr might actually be making more than a few million from this one paper alone. Maybe they really won't need a credit line. Looking fwd to the November update.

[jamdan1] 04/10/2016 18:25

This should hopefully ignite the share price in the morning

[jamdan1] 04/10/2016 18:11

Odd time for an RNS but very good news