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SPG Media - Undermanding prospective PE of 7.5

December 2004

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:
  • SPM
  • Price:
  • 13.5p
Another enjoying positive trading is SPG Media (13.5p). Previously known as Sterling Publishing, it has a fast growing business events division (43 conferences) as well as  35 controlled circulation business-to-business titles. It also operates 28 advertising based internet portals. Sterling is a hugely operationally geared business with high gross margins. Old timers might recall that he shares went up from 13p in 1999 to hit 179p in October 2000. The operationally geared nature of the business is demonstrated by the old management cash incententive programme which had been linked to share price performance and as the price rocketed ,had management exercised their option, it would almost have resulted in bankrupting Sterling ...

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SPG Media - Internet growth marred by poor print side (February 2005)

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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