Publishing Archives - GrowthRater

Category Archives for "Publishing"

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 […]

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 – 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 […]

Wazzup today in the markets – 18th May 2017

Experian (expn_l) – FY17 results: Sacrificing marketing expenditure to make the margin target . Euromoney (erm_l) – H1 FY17: Signs of stabilisation, but perhaps a little early to celebrate the recovery UBM (ubm_l) – added to GrowthRater portfolio: As price closes below 700p […]

Wazzup? -today in the markets 26th April 2017

Atresmedia (a3m_mc) – Q1 FY17 results: The cost of audience recovery. . Daimler (dai_de) – Q1 FY17 results: Has Daimler waited until the cyclical peak to start pumping up expectations? . S&P Global (spgi): Q1 FY17 results: The benefits of operational leverage on a rebounding high yield issuance […]

Value traps and opportunities and how to spot them

With a relative lull today in the results deluge, I thought it might be interesting to review how some of last week’s stack up, but from a GrowthRating perspective. As we’ve all had to wade thru far to much verbiage, I’ve kept it simple with some annotated charts and only a very few words. The […]

Read the notes!

Reading the notes to company releases is always wise, even if it can seem numbingly dull as you wade through the IR padding and still can’t find what you want. Sometimes however you stumble across something buried deep in the notes that stops you in your tracks with one of those ‘WTF’ moments. One such […]

Pearson – facing more than just contra-cyclical challenges

Listening to Pearson explaining away a -7% fall in H1 organic revenues, one might have come away with the impression that the group is bravely responding to a perfect storm of cyclical forces largely beyond its control. We are reminded that College enrolments (and therefore demand for HiEd textbooks and learning materials), is contra-cyclical to […]

1 2 3 Next »