RBI is up or down too!
The publication of results is supposed to illuminate not obfuscate. Reed Elsevier published its interim results for the first half to June yesterday. Naturally we were immediately interested in how "up for sale" RBI was doing. Remember RBIoperates in the US, the UK and Europe. The results are shown in sterling and Euros. The sterling results say that revenue is up and profits are up. The results in Euros say revenue is down and profits are down.
So RBI is either doing better or worse than last year. This Dutch analysis says that the grwoth is almost entirley down to exchange rate movements and that RBI is down.
The statement says good progress is being made with the sale of RBI. Staple finance and vendor due diligence is in place.
Still no evidence of my promised big anouncement this week. I am going back to my source and will let you know.
Labels: RBI, Reed Elsevier
posted by Businessmediablogger @ 10:25 am
2 Comments:
After months of being in the doldrums, I notice Centaur's share price has inexplicably risen in the last week.
This could I suppose be off the back of the Wilmington offer and potential Informa PE buyout raising investor confidence in this type of stock or perhaps an indicator of something a little more profound...
They have been very quiet of late.
Centaur needs an answer. It's current share price, on any view is very low - even if you factor in uncertainty about the future. If HGC are looking at Wilimington, they will likely look at Centaur too. At these prices so will others - but can you persuade the managements to acept a premium on todays price but a discount on what they wish it was worth. Remember Centaur floated at £142m. To get back there requires a 50% premium on todays share price.
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