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Future - Second acquisition in as many months

May 2018

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.

  • Epic Code:
  • FUTR
  • Price:
  • 423p
A second acquisition in as many months, this time over the pond. Future has acquired Newbay, a US-based business, for an initial US$12.25m cash plus 283,692 shares, with a further US$5.60m cash to be paid next January based on performance.Newbay is a B2B provider of information and events in the audio visual and television broadcasting areas. Newbay's brands include Music Week, Twice and Broadcasting & Cable and it generated EBITDA of US$4.2m in the year to 31 December.The deal looks an excellent fit given the vertical focus and also expands Future’s presence in the US. Given its B2B focus it is also complementary to Future’s existing B2C focus.Ahead of reporting on 17 May, Future said H1 has been st ...

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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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