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Johnston Press – Net Debt decreases only if you assume the bonds are worth less than face value

By Graham Neary | Thursday 4 August 2016


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Following on from my recent coverage of Trinity Mirror (TNI), today brings interim results from another large player in the so-called “deadtree press”, namely Johnston Press (JPR).


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