Publishers Archives - GrowthRater

Category Archives for "Publishers"

Pearson – resorting to one-off non-cash tax items to try and spice up a tired recovery story

Pearson was for a while the darling of the sector, with a recovering top line supported by substantial cost reductions and an fx tailwind from the appreciation in its principal trading currency, the US dollar. Beyond this however, there was only limited evidence that the ship is being turned about, in terms of what really […]

Fake news volcano scare – an opportunity!

Don’t let the truth get in the way of a good story. According to the Sunday Times yesterday (23rd September 2018), a volcano in Iceland (indeed an “Icelandic giant” called Katla no less) is “about to erupt”. “The ash plume that brought European air travel to a standstill in 2010 could be dwarfed by an […]

DMGT sale of EDR prices in growth of ZERO

When DMGT acquired EDR twenty years ago, it must have seemed an exciting proposition, being described at the time as a “leading provider of geographical based environmental risk management information in the US”, particularly given the possible synergies with DMGT’s risk management and catastrophe modelling operations such as RMS. Twenty years later however, revenues have […]

UBM/Informa merger revisited – surprised?

Having fallen out over the plum jobs back in 2008, UBM and Informa are back canoodling, with this mornings announcement of what is in effect Informa’s share and cash offer for UBM. In the intervening years, UBM has chased an earnings accretive, but growth dilutive acquisition strategy in US events while Informa has spun out […]

Wazzup – 27 July 2017 – a results palooza!

A results deluge today as companies report Q2 numbers ahead of the August holidays. Updates from RELX, ITV, DMGT, Sky, A3M, S&P Global, Amazon, Comcast, Nielsen, Solocal, Barrick, Dow Chemical, Fiat Chrysler, Eastman Chemical, BASF, Air Products, Danone and VW, to name a few. RELX – H1 FY17 results. Fortunately, another steady […]

Wazzup – 26th May 2017

Informa (inf_l) – Plan B still looks the more attractive option . This morning’s AGM trading statement for the first four months of 2017 did little more than “re-confirm” FY17 expectations for another year of “growth in revenues, earnings and cash flow”. While welcome, after the more mixed and […]

Wazzup – 25th May

DMGT – cheaper, but not compelling this side of the Brexit negotiations UK newspapers, Brexit and a guidance cut is a fairly toxic combination as the new management discovered today as the shares dumped almost 7%/-52p to 700p per share. The actual results being reported (H1 FY17) however, were broadly consistent with what was flagged […]

Wazzup – 19th May 2017

Johnston Press (jpr_l) – AGM IMS (wk 1-17): Still tough out there for regionals . . . . Johnston Press (jpr_l) – AGM IMS (wk 1-17): Still tough […]

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