INM shares may be cheap, but investors have much to ponder

INM shares may be cheap, but investors have much to ponder
The Independent News and Media building at Citywest Picture: Fergal Phillips

Even those tempted by the ‘penny share’ status of Independent News & Media will have cause to pause following recent controversies

Equity investors decide where to place their money for any number of reasons. Some invest because of the familiarity of the brand, others because of the structural growth characteristics of the business, and yet others because they are excited about the innovation capabilities of the enterprise.

Some investors also like to throw a few bob into a company on the back of the illusory appeal of ‘penny share’ status. But when it comes to newspapers...

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