light hearted comic stylings

Investment advisors took a dim view of this week's annoucement from the Johnston Press about its falling ad revenues.

Citigroup reiterated its "sell" ratings on Johnston Press stock.

Investec reiterated its "sell" ratings on Johnston Press stock.

Showing more restraint than the others, the Numis group altered its rating of Johnston Press stock from "hold," to "reduce." It is unclear what circumstances could persuade Numis to issue an outright "sell" recommendation. Global thermonuclear war perhaps?

Numis also provided some rather pithy analysis of the overall situation at the Johnston Press.
According to Numis: "The worst case scenario would be a covenant breach and debt for equity swap, wiping out what remains of the equity value."

Well, well, well.
I've gotta ask you Numis.
A worst case scenario for who exactly?
Excuse me a moment.
Ha, ha, ha, oh you know.

Hmmm.
Covenant breach.
I wonder what that is.
It sounds interesting.


Question: Whose fault is the current situation at the Johnston Press, those of us who've been fired from that company or the people who are doing the firing?


(James Healy was fired by the Johnston Press from the Leinster Leader last year three weeks before Christmas. He is profoundly convinced that the company will cease to exist without him and that the current abysmal financial woes are not caused by any international downturn or advertising collapse, but by the wrath of God on the clowns who fired me, er I mean, him. The share price of the Johnston Price was around the £4 mark when I was fired. It is now 18 pennies. And falling.)