Updates

Future - Hugely important tie up with OpenAI

January 2025

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.

Future’s full year results showed a return to growth in H2, further deleveraging and a strategic partnership with ChatGPT developer OpenAI. The latter deal will bring Future’s content to ChatGPT users via attribution and links to full Future articles when cited by the AI in response to relevant queries. It’s a huge coup and will ignite future traffic to its titles. During the year, Future streamlined its operations by shedding uneconomic titles that accounted for £15m in sales. Adjusted for these, sales for FY24 were flat at £788m, representing 1% organic growth (+5% in H2!). Operating profit reached £222.2m, delivering a 28% margin. EPS were 124p. The company also demonstrated robust cash generation, reducing net debt from ...

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2025 NAPS - Our top shares for 2025

Kinovo

Future (August 2024)

Future - Va va voom, shares up £4 on the month (June 2024)

Future - Returns to organic growth in Q2 (May 2024)

Future - Barclays sets 990p share price target (March 2024)

Future - Monolithic free cashflow of £253m or 218p a share (January 2024)

Future - Stage set for good Q4 against soft comps - on a PE of 5.6 one that could double (November 2023)

Future (June 2022)

Future (November 2021)

Future - Buys Dennis for £300m (September 2021)

Future - Exceptional H1 with forecasts climbing 25% (June 2021)

Future (January 2021)

Future - Goes over £20 - gain 512% (November 2020)

Future - Hits ball out of the park once again (October 2020)

Future (July 2020)

Future (June 2020)

Future - Unprecedented traffic across its sites (April 2020)

Future - Forecasts upgraded again (March 2020)

Future (December 2019)

Future - TI Media acquisition adds 90% to sales (November 2019)

Future (October 2019)

Future (September 2019)

Future - Shares surge over Â£11 (June 2019)

Future - Profits to be 'significantly ahead' (March 2019)

Future (December 2018)

Future - Fifth acquisition - in the US and its largest ever - 10% eps upgrade for next year (August 2018)

Future - Meeting notes (July 2018)

Future - Shares go into orbit as Media overtakes Magazines to become biggest arm (June 2018)

Future - Second acquisition in as many months (May 2018)

Future - Acquires 5 titles and enters sports vertical (April 2018)

Future (January 2018)

Future - Fast growing Media drives upgrades (December 2017)

Future (April 2009)

Future - Launch of Playstation Home in December (January 2009)

Future / Highbury House - Future bid looks attractive for both parties (March 2005)

Future (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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