Primary Recommendations

Reach - Q2 Digital revenues back in growth

September 2024

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 is the UK’s largest commercial news publisher, with print titles and associated websites including the Daily Mirror and Daily Express, and regional papers such as the Manchester Evening News and Liverpool Echo. The shares have featured on SCSW before, but it’s somewhat unfortunate to note that I recommended the shares as a main buy in November 2020 at 104p, watched them climb to 406p by September 2021, only to then see them fall back to where they started. Reach endured an annus horribilis in 2022. First, there was a “rearranging of the furniture” by Facebook, which deprioritised news on its platform, leading to fewer referrals to Reach’s websites; FB had the ability to make news stories go viral, and Reach had leaned into ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Market Comment - September 2024

Norcros - A beneficiary as gas boilers are set to be phased out of new builds

Reach - Deutsche sets 190p target (November 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 - 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.

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