Updates

Reach - H2 should see improvement; PE of 3.2

August 2022

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

If advertisers had not avoided the topic of the War in Ukraine then Reach’s Digital growth would have been higher and group revenue growth positive. Sadly we have to live in a world where we all have to regularly face unanticipated events or situations - and to my mind Reach continues to react well to them.As it was, H1 22 revenues ended up flat at £297.4m within which Digital made progress (+5.4% to £72.5m) while Print declined (-3.9% to £223m). Within that, however, Q2 was weaker for advertising as the war in Ukraine became a topic advertisers wanted to avoid on their pages and the war also saw Q2 rate cards decline - the consequence was that Digital revenue growth in Q1 (+10%) was followed by a flat Q2, leaving 5.4% for the yea ...

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Fulham Shore - To open 18 units this year

Restaurant Group - Cluster buying by directors

Reach - Q2 Digital revenues back in growth (September 2024)

Reach (June 2024)

Reach (April 2024)

Reach - Publishers to benefit from Google Chrome cookie removal (November 2023)

Reach - Material cost programme benefits to come (August 2023)

Reach - H2 looks more promising (April 2023)

Reach (February 2023)

Reach - Singer sets 295p share price target (November 2022)

Reach - Deep Value in a FIFA World Cup year (June 2022)

Reach Prospective - PE of 4.3 (March 2022)

Reach - Digital continues to accelerate (December 2021)

Reach - Shares soar £1 over the month (August 2021)

Reach - Profit forecast upgraded by £5m this year and next (June 2021)

Reach - Highest operating margin for six years - value unlock coming (April 2021)

Reach - I expect it to be in the running for FTSE-250 soon enough (February 2021)

Reach - Q3 benefits from sharp revenue recovery and transformation programme (November 2020)

Reach (October 2020)

Reach (May 2020)

Reach - Results beat expectations (March 2020)

Reach - Accelerates digital transformation (February 2020)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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