Updates

Reach - Results beat expectations

March 2020

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.

Reach was a main write-up last month and since then has reported full year results, which came in £5m ahead of estimates and in the light of a strong performance, brokers have upgraded this year’s forecast. Underlying FY19 revenues declined an improved -5.3% at £702.5m (the lowest decline since 2014). Adjusted operating profit was £153.4m for eps of 41.1p.Within the mix, there was stronger digital growth with digital up 13.2% like-for-like with a strengthened trend during H2. Operating margin was 21.8% (a level not achieved in the past 10 years). Despite most online investment being written off and also the contribution to the pension, net cash came in at £20.4m. I didn’t talk a ...

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Safestyle

Equals Group

Reach - Deutsche sets 190p target (November 2024)

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 - H2 should see improvement; PE of 3.2 (August 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 - Accelerates digital transformation (February 2020)

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