Reassuring numbers from reliable Relx
Reliable Relx is in our portfolio because it ticks all the boxes: decent growth, strong cash flow, impressive return on investment. Relx goes above and beyond these requirements and only faces a small number of challenges to its continued growth. This is the ultimate guide to news updates from the media giant.
Relx (LON: REL) continues to make steady, if unspectacular progress. Another quarter of 4% revenue growth is certainly nothing to scorn for a company of this size, but whether it is enough to justify a 20 times price to forecast earnings ratio is another question. Investors seem unsure of the answer. The share price has fallen roughly £2 from its post-summer peak of £20 per share.
Still, there is nothing bad to say about third quarter…
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