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FP Newspapers Inc V.FP

Alternate Symbol(s):  FPNUF

FP Newspapers Inc. is a Canada-based company, which owns securities entitling it to 49% of the distributable cash flow of FP Canadian Newspapers LP (FPLP). FPLP owns and operates the Winnipeg Free Press, along with several other Manitoba based news and media publications that are available in both print and digital formats. The informative and engaging content FPLP produces has a reach throughout the province of Manitoba.


TSXV:FP - Post by User

Comment by Banachequeon Aug 27, 2020 10:17pm
132 Views
Post# 31467962

RE:Financials out

RE:Financials outI think I'm going to bed happy tonight.

We have a 0.35 stock with second quarter net income of 0.195 and a debt paydown of 4 million. I did not see that coming. This leaves a net debt of 9.5 million which management expects to pay off by the end of 2022.

Government assistance?..... absolutely, but it buys some time till things even out pandemic wise or there is some headway on a digital service tax which results in advertising revenue assistance in some manner.
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