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Future - Unprecedented traffic across its sites

April 2020

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • FUTR
  • Price:
  • 905p
Future soared from the lows after it said it has seen, “exceptionally strong digital audience numbers with the resultant beneficial flow through to eCommerce and digital advertising.”  It said there has been a limited impact on its digital revenues from COVID-19. Whilst it saw  declines in the travel titles within the magazine portfolio, this was offset by growth in grocers. It said it expects to report a half-year cash balance of at least £47m-£53m, implying H1 free cash flow of >£18m. N+1 Singer notes, “Post the TI Media acquisition consideration of £140m, Future has headroom in facilities of £30m-£40m with net debt/pro forma EBITDA of j ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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