Centaur Media – Do Intangibles Have Value?

This small-cap media company can be yours today for only 39p a share.  It has a long history of (adjusted) profitability and dividend payments, and the yield is currently about 5%.  That may not sound like much, but the dividend is currently in ‘recession mode’ at 2p per share, down from over 4p in 2008.

Those are interesting numbers but far from exceptional, so what is it that drew this outfit to my attention?

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