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    DMGT   GB00BJQZC279

DAILY MAIL AND GENERAL TRUST PLC

(DMGT)
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Daily Mail and General Trust : owner considering bid for Johnston Press' "i" newspaper - Sky

11/10/2018 | 10:28am EDT
FILE PHOTO: A clock face is seen outside of the London offices of the Daily Mail newspaper in London, Britain

LONDON (Reuters) - The owner of the Daily Mail newspaper has drawn up a plan to make an offer for the "i" title from Johnston Press after the struggling regional publisher put itself up for sale, Sky News reported on Saturday.

Johnston Press, the publisher of The Scotsman, The Yorkshire Post and "i", put itself up for sale in October as it labours under the weight of debt, pension obligations and deteriorating advertising conditions.

Sky News said Daily Mail and General Trust is drawing up plans to make an offer for the "i", a sister title of the Independent which was sold to Johnston Press for 24 million pounds in 2016, when the Independent newspaper became a digital-only publication.

Johnston Press has a 220 million pound bond which is due for repayment next year. Sky said a sale of the "i" could generate between 50 million and 100 million pounds ($65 million-$130 million).

A spokesman for Johnston Press declined to comment on the report about the "i" but said the formal sale process launched on Oct. 11 was ongoing. A representative for DMGT could not immediately be reached for comment.

(Reporting by Kate Holton; Editing by Hugh Lawson)


ę Reuters 2018
Stocks mentioned in the article
ChangeLast1st jan.
DAILY MAIL AND GENERAL TRUST PLC -0.69% 858 Delayed Quote.15.97%
JOHNSTON PRESS PLC 0.00%End-of-day quote.-76.13%
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Financials
Sales 2021 1 147 M 1 618 M 1 618 M
Net income 2021 110 M 156 M 156 M
Net cash 2021 400 M 564 M 564 M
P/E ratio 2021 47,1x
Yield 2021 2,79%
Capitalization 1 973 M 2 780 M 2 785 M
EV / Sales 2021 1,37x
EV / Sales 2022 1,32x
Nbr of Employees 5 950
Free-Float 61,0%
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Technical analysis trends DAILY MAIL AND GENERAL TRUST PLC
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TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 1 062,50 GBX
Last Close Price 864,00 GBX
Spread / Highest target 59,7%
Spread / Average Target 23,0%
Spread / Lowest Target -7,41%
EPS Revisions
Managers and Directors
NameTitle
Paul A. Zwillenberg Chief Executive Officer & Director
Timothy Guy Collier Group Chief Financial Officer & Executive Director
Viscount Rothermere Chairman
Rob Chandhok Group Chief Technology Officer
Dominique Trempont Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
DAILY MAIL AND GENERAL TRUST PLC15.97%2 780
INFORMA PLC-2.37%11 346
SCHIBSTED ASA9.66%10 476
PEARSON PLC26.66%9 142
LAGARDÈRE0.98%3 249
JIANGSU PHOENIX PUBLISHING & MEDIA CORPORATION LIMITED17.06%2 944