Wednesday, August 2, 2017

Buying time

Is Johnston Press turning a corner ? Half-yearly results are a mixed bag, dragged down by the continuing decline in classified advertising. If you're prepared to ignore that, digital revenues are up, and the iNews venture, aqcuired for £24m, has produced returns of £3.7m over the six months.

Surely confidence could be boosted further by a few director deals ? CEO Ashley Highfield's last trade was to sell 6,802 shares at 41p each in April last year. Re-investing that cash at today's price would bring him over 25,000 shares.

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