Johnston Press Share Discussion Threads

[stdyeddy] 03/2/2017 10:30

I reckon you're right brando. I bet AH has been poring over these results for an extra fortnight to try to find every redeemable point possible. But now that the numbers are out, I'm expecting an RNS marked 'change of directorate' at any moment. Talk Talk's lady had the decency to fall on her sword on the day of the results. Let's hope we don't have to wait too long for Camilla to step forward with news of a new CEO.

[brando69] 03/2/2017 10:16

CA will have been waiting to see this in a 'show us what you've got' kind of a way. I expect them to ramp up their activities now.

[this_is_me] 03/2/2017 10:12

Brexit has proved great for the country as sensible people expected and an expanding economy will be good news for advertising and even paper sales. The £ is still too high so unfortunately newsprint prices will probably go up in terms of the £ as it falls to sensible levels.

[stdyeddy] 03/2/2017 10:06

If only they could get two eyes - we'd be looking at revenue growth!

[stdyeddy] 03/2/2017 10:02

Lol. Only AH and 'the board' (so that would mean AH and DK I presume) can make continuous decline sound like a success. Narrowly saved again from the toilet by the brilliant i; so glad they haven't ballsed that part up. 14% down on like-for-like but more than half of that loss replaced by the i. I was actually expecting worse, so am slightly relieved. But I still feel AH has done his best work now and jpr deserves a rest from his activities. Come on Rich B; get a new team in there.

[greedfear] 03/2/2017 10:00

Did AH not pay attention first lesson, first class of CEO school? Only BAD news will be released on fridays?

HELLO, HELLO! ANYBODY HOME?

This is NOT bad news.

[greedfear] 03/2/2017 09:31

Surely not all doom and gloom. 16p is too low.

[netcurtains] 03/2/2017 08:17

The trading update 100% blames Brexit.

If this is the case, the Scotsman should ditch the Tory party and back Liberal Democrats in Scotland and Momentum everywhere.... In fact become the spokes paper from the Momentum Movement...

Back MOMENTUM and get more READERS and SMASH BREXIT



Dont muck abount pandering to a load of half dead tories get the YOUTH READERS back MOMENTUM TO THE HILT AND THEY WILL COME..

Even the name "momentum" is ideal for TRADERS... They know the modern news business - fastest growing political movement in the universe...

Do I regret buying JPR of course not - its going UP

[philjeans] 03/2/2017 07:52

Surprisingly GOOD t/s should see us back up to 20p in short order.

Adding for me.

[stdyeddy] 01/2/2017 21:18

I think the intended connection mudbath, is this rather more famous one (but you knew that didn't you):

[mudbath] 01/2/2017 21:04

Quite an accolade then for netcurtains aka Frankie Lymon .

[netcurtains] 01/2/2017 20:36

that up was me..

[stdyeddy] 01/2/2017 20:22

And curtains please, no yip yipping from you on this. I'm addressing people who actually know something about jpr; we don't need generalisations on why things happen - I'm looking for facts.

[brando69] 01/2/2017 20:20

I see jpr as medium risk high return. I am happy to hang onto CA coat tails

[brando69] 01/2/2017 20:19

You can't invest in everything. Maybe lord c chooses to invest elsewhere. I like to hear the bear case

[stdyeddy] 01/2/2017 20:18

beefcurtains; seriously? Listen to Frankie Lymon's great contribution to popular culture. And then consider the fact that LC was probably born back in the 19th century and has that long term perspective that you were recommending a short while back.

Also, I nod to you for taking my figurative pie in the face so well.

Lord crybaby! Finally you're engaging with us properly. Well you've given some of the background but without actually saying why you post here. I'm going to assume (more golden rules breaking) that you don't like what's happening and are getting the truth as you see it, out into this semi-public domain.

Regarding the elephant in the room - I know! CA's action is indeed baffling. But Rich Bernstein has a fabulous track record in debt restructuring. Also his move into a 20%+ holding is a one-way ticket. I reckon there's no going back for CA on this lightly traded share without them taking a massive hit. His plan presumably focuses on the bondholders and/or alternative funding to buy back the bonds. But it's quite hard to imagine how it can be made to work given the revenue slide too. I'm hoping it's going to be one of those rare moments when brilliance, imagination and finance can come together in the same sentence.

I hope he has a plan for the other parts of the puzzle too - a new management team and a plan to drive revenue up.

Matt, thanks for your acknowledgment earlier. Do you have a view on the board level management? Over the last two years AH has lost his entire executive director team. Neil Jones, Group Commercial Director; Lucy Sinclair, Marketing Director; Stephen Gilliver, Group HR Director all seem to have left quietly without being replaced, leaving AH as chief cook and bottlewasher. They were AH's choices too. So either he chose poorly and they were rubbish, or they decided he was rubbish, or they just decided the task was too difficult and left for sunnier climes.

I'm guessing that autocratic rule has been a factor for the business here. Otherwise why were they not replaced? Why have the non-execs not raised the issue of a dearth of board level talent? Why does AH command such a large salary and bonuses when he can't fulfill one of the key roles for a CEO; recruit and lead a talented group of director level managers? Why weren't their resignations reported in the trade press? Some of these people were mentioned in the bondholders' prospectus - why haven't the bondholders kicked up a fuss about the management and the business results?

[netcurtains] 01/2/2017 20:06

karlos885: How can it be balanced - ALL investments are are "punt" a risk - if the market was "perfect" there would be NO PROFIT - the share price would match the company's net worth exactly. He was just slagging it off.

A GOOD company is a bigger risk (eg something like BT or BooHoo or Rolls-Royce or VW) - ONE BAD NEWS STORY AND THE WHOLE LOT COLLAPSES - you lose 50% of your money in a oner!!!

A BAD company such as JPR has had everything knocked out of it! its flat on the floor - its now got TWO choices: it bounces back somewhat to at least low 20s or it goes bust... WE HAVE HAD OUR BAD NEWS STORIES.....

SHORT TERM (over 12 months) providing we do not have brexit smash, JPR should at some point get into 20s probably significantly higher "IF" the bottom fishing strategy works .

I cannot say what will happen, and I definitely cannot say what will happen 2 or more years down the line - but no one can FOR ANY COMPANY AT ALL!!!

LORD C is just sprouting TRUISMS - buying ANY share is a PUNT..... TELL ME SOMETHING NEW...

As punts go JPR has lower risks then buying something at the TOP OF A CURVE...
Buying at the bottom of the curve, generally speaking, is a reasonable punt strategy and Lord C is being unreasonable in not acknowledging this .

JPR does have some good aces:

a) I b) The Scotsman c) Yorkshire Post and d) Some good quality printing presses that are winning huge orders (Eg the Daily Mail etc)..

It also has £200m debt.

Some accountants at CA have done the numbers and think they can make it work... I'm willing to back them for the year to see what comes out of it. Lord C is not. That is all that can be said,...

LOOK AT THE CURVE AT THE TOP OF THE SCREEN AND THEN LOOK AT THE DEBT AND THEN THE CA INVESTMENT THEN MAKE YOUR OWN DECISIONS...

[karlos885] 01/2/2017 19:54

excellent balanced post lord C.

[netcurtains] 01/2/2017 19:50

brando69: You have lost RELATIVE to those that invest. That is why the bible chucks people into hell who bury their wealth....

Look at the other busted flush - cotton - I only mentioned it the other day COATS (COA) -Nice 6% rise today. Don't tell me the £100,000 trade was Lord C:

17:07:44 60.00 186,200 £111,720.00 NT

(it was not me)

Cheers Net!

[brando69] 01/2/2017 19:29

I'm guessing you never lost money that way either.

[netcurtains] 01/2/2017 18:30

Lord C: See I'm glad you spoke to me by a third person (although a tad on the childish side - but ho hum).

JPR has fallen in value because people have sold or the market maker sets the price down to stop too many people selling at once (its a self evident truth).

Its a brave anti-punt not to buy in my opinion. I think, on balance, the market thinks JPR are heading to at least low 20s, you have taken the BRAVE anti-punt stance...

Good luck with watching... I've never made money that way.

[lord c.] 01/2/2017 18:16

* a bold brave punt 69

* sunset industry

* impossible to rectify huge mistakes

* £200m elephant in the room

* breakup value questionable

* newspapers need to run by experienced newspaper publishers

* repeat a bold brave punt in my opinion

[brando69] 01/2/2017 17:34

Lord C are you not in anyway heartened by CA's commitment to the JPR basketcase cause?

[netcurtains] 31/1/2017 22:19

apologies - I should have said 470% rise not 450%..