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Europe's biggest Company

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Something German???

Something financial????




How did it get there?

Years of diligent work?


Stumbled on TenCent and bought 30% of the equity in 2001 for ~ $30m.


Compare n contrast:


2008 was when JPs wheels fell off.

back in ~2004 JP market cap must have been around ~1bln.


In 2008, the publisher of the Scotsman and the Yorkshire Post was earning pre-tax profits of close to £130m on turnover of £600m. Its market capitalisation was £500m. Today, it is turning over £270m, struggling to make a profit and its market value is sub-£50m.

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