Johnston Press (JPR-LN): FY11 results and refinancing – still a poor risk/return, at least for equity

Long overdue results out today which awaited the refinancing. Still looks like a bad mix of high risk and possibly no reward (at least for equity holders – Avoid  Johnston Press            (JPR-LN) Share price                               5.4p Growth rating F                     +4.8% Revenue CAGR FY1-3           -1.4% Target CAGR FY3                 +3.4% Target price                             1.0p Upside                                      -81% Recommendation:              AVOID […]
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