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Reach - Profit forecast upgraded by £5m this year and next

June 2021

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.

  • Epic Code:
  • RCH
  • Price:
  • 238p
The lockdown forces that made April last year weak have electrified trading for the first four months as Reach now laps soft comparisons: April saw +78% digital growth and +9% print. But it’s not just a recovery bounce and for the first four months, Reach has reported digital growth coming in ahead of expectations at +35% whilst print was -10.4%.Customer registrations have increased to 6.2m. Despite increasing investment in the “Live” and “InYourArea” site portfolios and improvements in content personalisation, tagging and analysis, management confirm trading is now running ahead of market expectations. Encouragingly 20 customers have taken the new “Plus” products and it has a strong pipeline for H2.Numis lifts its full year ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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