JPR (Johnston Press) is trending on Twitter. It owns the Scotsman and Yorkshire Post, and it is looking to restructure or refinance its debt. Its share price is highly volatile, and claims that it “knows of no operational or corporate or other reason for the price movement.”
It share price is at 5.64p, giving it a market cap of £3.75m. Its revenue is around £200m, and Stockopedia gives it a momentum score of 3. Worrying!
Net debt seems to be £142m, and its only PBT since 2011 is £2.9m.
I would have thought that the situation was unsalvageable. If I held shares, I would sell out at any price.