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Sunday share tips: Debenhams, Johnston Press, Carpetright

Sun, 22nd Jun 2014 14:13

Steer clear of shares in Debenhams, Questor advised in the Sunday Telegraph. There was no repeat of the December 31st profit warning when the department store group published its trading statement on June 20th. Trading was in line with expectations. But Debenhams has damaged its brand by repeatedly cutting prices. Opening up stores to Sports Direct concessions looks confused. Add in the company's high debts and the shares are best avoided.Johnston Press's prospects may not be as grim as its battered share price suggests, Danny Fortson said in his Inside the City column. The Sunday Times tipster said the regional newspaper publisher's recent fundraising was backed by canny investors including Malaysian billionaire Ananda Krishnan and BSkyB. Johnston sales staff will sell Sky's ad slots to local businesses. Chief Executive Ashley Highfield has a credible plan for the company in the digital age and Johnston is a "decent punt" for those with strong constitutions.Hold shares of Carpetright, Danny Fortson said in the Sunday Times. In his Inside the City column, Fortson said the departure of founder Lord Harris, leaving Carpetright with newcomer Chief Executive Wilf Walsh, made it an unknown quantity. The shares have fallen as Carpetright has issued three profit warnings and its business in the Netherlands remains a problem. The revival in the UK property market has failed to feed through to Carpetright's business as hoped. The shareholder register is highly concentrated with room for greater share price disruption if a big investor becomes disaffected. Midas in the Mail on Sunday admitted its dividend surprises portfolio had taken a knock after six of the 10 shares fell since its last quarterly review in February. However, the rolling group of shares has outperformed the FTSE 350 index. The tipster urged investors to bear with the portfolio, which is designed for the long term. The 10 companies' dividend payments were those that most exceeded broker forecasts, suggesting good things were in store. New additions are Xaar, the 3-D printing company; copper miner Antofagasta; buyout group 3i; and Quinetiq, the defence IT group. Premier Oil, Man Group, Bank of Georgia and Howden Joinery have left the portfolio. Berkeley Group, Northgate, Ashtead, easyJet, Drax and 888 have stayed in the portfolio.Investors with a taste for risk should buy shares of AIM-listed wind-power company Greenko, Questor recommended in the Sunday Telegraph. The India-focused operator's revenue rose 38% and pretax profit jumped 70% in the year ended March 31st as power-producing capacity at its wind farms more than doubled. India has serious power shortage problems and Greenko has commissioned new capacity. The company is a high-risk speculative buy.SFPlease note: Digital Look provides a round-up of news, tips and information that is impacting share prices and the market. Digital Look cannot take any responsibility for information provided by third parties. This is for your general information only as not intended to be relied upon by users in making an investment decision or any other decision. Please obtain a copy of the relevant publication and carry out your own research before considering acting on any of this information.
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22 Oct 2018 16:57

Majedie Investment Unit Sells Entire Johnston Press Stake (ALLISS)

LONDON (Alliance News) - Johnston Press PLC said Monday that Majedie Asset Management Ltd sold its entire stake in the company.Majedie previous holding in the company before the sale was at

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19 Oct 2018 18:25

Custos Group Raises Johnston Press Stake To 25% In Deal (ALLISS)

LONDON (Alliance News) - Johnston Press PLC said Friday Custos Group AS increased its stake in the multimedia news company to 25% after transactions on Thursday and Friday.Prior to these a

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11 Oct 2018 10:04

Johnston Press puts itself up for sale

(Sharecast News) - Johnston Press, the publisher of the i and Scotsman newspapers and roughly 200 other local titles, has put itself up for sale.

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11 Oct 2018 09:34

Debt-Laden Scotsman Publisher Johnston Press Puts Itself Up For Sale

LONDON (Alliance News) - Johnston Press PLC, the publisher of the i, Scotsman and Yorkshire Post newspapers, said Thursday it has decided to put itself up for sale to maximise shareholder value on

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29 Aug 2018 10:40

WINNERS & LOSERS SUMMARY: Johnston Press Drops 20% On Revenue Decline

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29 Aug 2018 07:53

Johnston Press revenue dented by Google and Facebook changes

(Sharecast News) - Newspaper publisher Johnston Press reported a drop in first-half revenues on Wednesday as it took a hit from algorithm and news feed changes at Google and Facebook, but said it swung to a pre-tax profit.

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27 Jul 2018 16:41

Alex Salmond Dropped From Johnston Press Takeover Plans

LONDON (Alliance News) - Alex Salmond has been dropped from plans for a takeover of the newspaper group which publishes the Scotsman and the i, it has emerged.Norwegian investor Christen he

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26 Jul 2018 13:15

Johnston Press Shares Spike 60%, Knows Of No Reason Why

LONDON (Alliance News) - Johnston Press PLC said Thursday it does not know the reason behind its sharp share price increase.Shares were trading 60% higher at 5.66 pence each Thursday - the

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29 May 2018 16:05

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1 May 2018 09:28

Johnston Press Boss Ashley Highfield Resigns As Finance Head Steps Up

LONDON (Alliance News) - Publishing firm Johnston Press PLC said Tuesday Chief Executive Officer Ashley Highfield will resign from early June for "family reasons" to be replaced by its -

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19 Mar 2018 09:47

PRESS: Investor Pauses Bid To Make Alex Salmond Johnston Press Chair

LONDON (Alliance News) - Plans for former Scottish National Party leader and First Minister of Scotland Alex Salmond to be installed as chairman of Johnston Press PLC by have

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3 Feb 2017 09:42

UPDATE 1-Yorkshire Post publisher Johnston Press flags improved trading

(Recasts, adds shares, details) Feb 3 (Reuters) - Johnston Press Plc, the publisher of the Scotsman, said trading towards the end of 2016 improved as it posted a 1 percent rise in fourth-quarter revenue aided by strong sales of its "i" and Yorkshire Post titles. The 250-year-old compa

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3 Feb 2017 09:29

Johnston Press recovers after tough post-Brexit vote period

(ShareCast News) - Multimedia company Johnston Press, owner of brands like The Scotsman and The Yorkshire Post, has reported an improvement in trading in the fourth quarter after a 5% fall in revenue during the aftermath of the Brexit vote. The group recovered in the fourth quarter with a 1% rise in

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3 Feb 2017 08:13

Publisher Johnston Press full-year revenue falls; weak pound hurts

Feb 3 (Reuters) - Johnston Press Plc, the publisher of the Scotsman and the Yorkshire Post, said it is seeing higher costs from imported paper and ink due to weakness in sterling after the Brexit vote, as it posted a 6 percent fall in full-year revenue. The 250-year-old company said trading

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