Share Name Share Symbol Market Type Share ISIN Share Description
Johnston Press LSE:JPR London Ordinary Share GB00BRK8Y334 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.43p -5.03% 8.12p 7.86p 8.38p 7.86p 7.86p 7.86p 42,474 16:35:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 201.6 -95.0 -74.6 - 8.60

Johnston Press Share Discussion Threads

Showing 8876 to 8899 of 8900 messages
Chat Pages: 356  355  354  353  352  351  350  349  348  347  346  345  Older
DateSubjectAuthorDiscuss
14/5/2018
11:25
AGM is 5 June but up in Edinburgh...
mitch74
14/5/2018
11:20
When is AGM?
nicholasblake
09/5/2018
11:59
Good post s1zematters. When I read the most recent 17 results, the growth in the i profits looked staggering, and then you the saw equally staggering decline in the core regionals business. And it’s hard to know how much cost has been allocated to the core, thus flattering the i. The i is a lefty heaven
albert zog
09/5/2018
11:59
I agree he’s ex-bbc with a liberal lefty agenda and should never have been appointed. I just can’t understand why he lasted so long.
thevaluehunter
08/5/2018
08:34
What we have witnessed here is a circus trick using smoke and mirrors. In my opinion, 'the cash' ignored the main fundamental problems of the group he was employed to fix, and instead deflected all the attention away from his failures by basically starting his new liberal-lefty newspaper. Then, once this tiny insignificant iota of the larger group enjoyed all the companies resources and effort behind it to ensure growth. it was then rolled out as the main focus in any RNS, results, press reports at the expense of the incumbent business failings! Looking at the share price under his tenure, he fooled no one in the city. The only sycophants singing his praise are surprise surprise, liberal-left journalists. Quite pathetic Really! AIMHO.
s1zematters
07/5/2018
18:40
Don't hold your breath!
nicholasblake
07/5/2018
18:11
It sure looks like the Viking is ready to strike. Should be able to quickly sell off a few titles to help pay for it.
thevaluehunter
06/5/2018
21:30
From the Sunday Times today: hxxps://www.thetimes.co.uk/article/christen-ager-hanssen-to-increase-stake-in-johnston-press-vg6n0v25t "The activist shareholder seeking to take control of Johnston Press, the owner of The Scotsman and i newspapers, plans to increase his stake in the troubled publisher following the departure of chief executive Ashley Highfield last week. Christen Ager-Hanssen, whose investment vehicle Custos is the largest shareholder in Johnston, said he intends to increase his holding of 20% to 29.9% ahead of the Edinburgh company’s annual meeting next month. The figure is just below the 30% threshold at which he would have to launch a takeover for the company through a cash offer to other shareholders. Ager-Hanssen said: “I’m very happy Custos succeeded in influencing the board to remove ‘Cashley’;. He has been a disaster for all stakeholders in Johnston Press. Now that Ashley is no longer in charge we will increase our holding to 29.9%. If the board is unable to come up with solutions to the mess they have put the business in, we will have an alternative plan in place.” Ager-Hanssen had stepped back from trying to launch a takeover of the group, which would have installed former Scotland first minister Alex Salmond as chairman, after an attempted boardroom coup was ruled out on procedural grounds. Salmond’s involvement was also criticised by other shareholders. Ager-Hanssen refused to comment on whether he would seek to have the politician appointed if he gained control of Johnston. Highfield unexpectedly quit amid attempts to restructure a £220m bond that the company must repay in full in June next year. Johnston warned investors last month that, without a deal with its lenders, the company’s future was in “significant doubt”. Most of the debt is owned by the US hedge fund GoldenTree. A spokesman for Johnston insisted Highfield’s departure was for family reasons and to allow him to pursue an alternative career as a board director of other companies. Highfield earned more than £800,000 last year, including pension contributions of £115,000. The figure also included a bonus of £249,000, which will be paid only if the company survives the current debt negotiations. Sources close to Highfield defended his seven-year tenure at Johnston, pointing to the success of the i newspaper, which Highfield bought for £24m in 2016. Highfield will formally relinquish his post at the annual meeting to Johnston finance director David King. A City insider said: “King is the right man for the job. Ashley talked a good game, but there was never any substance. The i wasn’t going to move the dial in terms of the company’s debt, and the debt needs to be resolved if the business is to survive.” Ager-Hanssen said: “I don’t know King. We’re open-minded to find solutions in the best interests of shareholders, but clearly he’s part of the mismanagement of this company that has destroyed shareholder value.” Last month, Johnston posted a 9.5% drop in full year revenue. The company said there were signs of improvement in print advertising but warned it would need to cut costs against a “difficult backdrop”. Johnston has spent £3.4m — about a third of its current market cap of £9.7m — carrying out a strategic review with bankers from Rothschild and lawyers from Ashurst."
brink1
02/5/2018
18:08
I expect post a reconstruction the bondholders will end up with around 50% of equity, pension scheme 30% and existing holders 20%. Most 'listed' CEOs are unwilling to be directly accountable to such large shareholders. FDs not so precious!
nicholasblake
02/5/2018
14:09
Investigative journalism being what it is in these journalistically absent digital times, it seems no one knows why. I'm guessing from a short list: - The talks with the bondholders have foundered - the board has told him to go. - The bondholders have asserted themselves and told Ashley to go - Or he's one of the first rats to desert our sinking ship because there's no prospect of saving it - Or everyone (the Viking, Amber Beardy, other shareholders AND the bondholders) have finally managed to wield a stick in the form of the remuneration committee and turned off the honey tap - I read somewhere that his bonus is on hold until the company starts making money. I'm sure he'll be useful as a 'plural' non-exec offering his two pennorth on company strategy - his fellow directors will probably find he's a useful divining rod for figuring out what NOT to do. I'm glad he's gone. Let's see if King can build a team to get the business on its feet.
stdyeddy
02/5/2018
12:20
Good riddance indeed: I am still trying to come to terms with how much he was paid given the damage done to the company. More interestingly I wonder if this is the first stage in a series of events which will lead to a re-structure of the debt and setting of JPR on a more profitable journey. Viking must be on high alert.
mitch74
02/5/2018
12:13
He destroyed a massive amount of shareholder value and was paid a ridiculous amount for doing so. Good riddance. Let’s hope the Viking steps in.
thevaluehunter
01/5/2018
07:28
Cashley’s gone. Long live the King?
saltaire111
28/4/2018
18:03
Total shareholder return chart and Chief Executive Officer’s single figure remuneration history on p58 worth a look.
thevaluehunter
28/4/2018
17:57
I just cannot believe the salaries of the management on p55 of the annual report, talk about rewarding failure.
thevaluehunter
25/4/2018
09:15
The survival of the company is dependent on pension fund taking an issue of shares in lieu of several years' pension contribution. Bondholders are very unlikely to swap any debt for equity without that.
nicholasblake
23/4/2018
17:55
Some interesting comment from Evil Knievil: Johnston Press (JPR) used to have a big private investor following. Nowadays, at 9.5p, it is capitalised at a trivial £10 million. But that conceals a huge £220 million debt problem which must be settled next year on or before 1st June 2019. Can they do it? I for one do not know the answer to this question but I am beginning to think that there is a fair chance that they can. My basic reason is that JPR is making money and that therefore bondholders may be prepared to switch to equity to get back what they can. The likely alternative is liquidation which means the loss of perhaps £500 million of tax losses and liquidation expenses* of the order of £10 million (my guess). These two factors alone surely justify going for the debt-for-equity swap even if it sticks in the craw for bondholders in effect rescuing ordinary shareholders. I leave aside holders of preference shares where intriguingly the board has stated its intention to pay arrears of preference dividend even though there is no legal obligation to do so – presumably because not paying the preference dividend might affect other covenants and agreements. On Tuesday the results for calendar 2017 emerged. Central to its hopes is the online version of the Independent, known as the “i” – the hard copy of the Independent has fallen away. The CEO, one Ashley Highfield, freely acknowledges the problems and has to keep all parties – advertisers, readers, and, above all, debt holders – happy. The “i” is a high-quality product – just try it (inews.co.uk). And stay ahead of its advertising figures. I think bondholders might be pleasantly surprised in relation to where they are now. It would be nice if one were able to see a trail of bargain prices actually recorded for both the bonds and the preference shares. I’ll contact the company and ask. * Incidentally, there are ways of retaining the tax losses through hivedown. But the benefiting vehicle would have no quote. So that option does not appeal. Over to Rothschild and Ashurst (for a fee of course). hxxps://masterinvestor.co.uk/evil-diaries/press-on-regardless/?utm_source=Daily+Bulletin&utm_campaign=35f970fcee-Daily_Bulletin_20180423&utm_medium=email&utm_term=0_25eff0bb7f-35f970fcee-48553457
mitch74
24/3/2018
11:10
One issue is apart from the many here is that they are paying millions for advice and execution on how to restructure the debt and then there is Custos who is confident that debt can be restructured on much more favourable terms. What is to stop the JPR board simply from entering punitive terms with the poison pill clause yet again to the detriment of Shareholders? Massive debt for enquity swap wiping out Shareholders? I do not hold fortunately got out with a decent return, however at this level the market is not expecting much if anything. I doubt very much if Custos knew of the clause that he would have took a stake in JPR, he and his advisors obviously didn’t but he is in it now. AH and cohorts are continuing to milk very last drop safe in the clause which is a real total disgrace. How this will play out - market assumes more dire consequences for shareholder value. But can Custos sort this? He seems to be waiting for abject failure of the Board as news then perhaps strike? Can he subvert other debt restructuring - assume shareholders should be able to
mattab
24/3/2018
10:39
Custos holding fire till the AGM in May it seems.. hTTps://www.holdthefrontpage.co.uk/2018/news/jp-boardroom-coup-plan-ditched-as-investor-adopts-wait-and-see-strategy/
wadget
23/3/2018
14:26
Looks like management are going to leave the debt talks until last minute to grab as much salary as possible. They should be selling titles, raising cash and buying the bonds back. They are in no way aligned with shareholders and last year attempted to get their incentives paid in cash rather than shares.
thevaluehunter
14/3/2018
22:00
notice of full year results last year was 9 march? we are a bit late this year, debt talks could be holding things up? a few positives going into these talks, digi growth, interest rate to rise which could lead to a surplus in the pension fund, targeting large city's seems to be working so all may not be lost as the share price may suggest, who sells 2 shares? very strange. jj
jazzyjeffnett
02/2/2018
20:15
Scotsman headline is audience numbers on the rise but Highsalary forgets to mention the complete shareholder value destruction. hTTps://www.scotsman.com/business/companies/media-leisure/audience-numbers-on-the-rise-at-johnston-press-1-4679603
thevaluehunter
01/2/2018
17:37
They’re running out of rope.
saltaire111
01/2/2018
07:13
Cash balance down by £2.8m since June l. Management need to be given boot and excessive salaries clawed back.
thevaluehunter
Chat Pages: 356  355  354  353  352  351  350  349  348  347  346  345  Older
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P:40 V: D:20180522 17:32:50