Reach (RCH)

Sector:

Media

Index:

FTSE Small Cap

78.40p
   
  • Change Today:
      0.65p
  • 52 Week High: 87.35
  • 52 Week Low: 59.10
  • Currency: UK Pounds
  • Shares Issued: 317.97m
  • Volume: 307,311
  • Market Cap: £249.29m

Trinity Mirror seals deal to buy Local World

By Michele Maatouk

Date: Wednesday 28 Oct 2015

LONDON (ShareCast) - (ShareCast News) - Newspaper group Trinity Mirror has reached an agreement to acquire the remaining 80% stake in Local World Holdings it does not already own for £154.4m in a deal that will create the UK's largest regional news publisher.
Trinity said the acquisition will create a stronger and more resilient organisation, enabling the group to accelerate its strategic transformation.

In addition, it expects the transaction to be earnings-enhancing in the first full year following the acquisition, and to deliver cost synergies of around £10m to £12m in the second full-year of ownership.

Chief executive Simon Fox said: "Local World is a business we know and respect and by combining it with Trinity Mirror we will create an organisation of scale, with the talent and financial capacity to invest and adapt to the rapidly changing media landscape. It is a vote of confidence in local press and its future."

Trinity said the consideration will be paid as a combination of cash and shares and will be funded through £67.3m of existing cash resources and a new £80m five-year amortising debt facility.

The company will also satisfy £5.3m through the issue of 3.37m new shares and a placing of 22.4m shares.

At 1120 GMT, Trinity Mirror shares were up 8.4% at 174p.

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Reach Market Data

Currency UK Pounds
Share Price 78.40p
Change Today 0.65p
% Change 0.84 %
52 Week High 87.35
52 Week Low 59.10
Volume 307,311
Shares Issued 317.97m
Market Cap £249.29m

Reach Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.47% above the market average99.47% above the market average99.47% above the market average99.47% above the market average99.47% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
19.31% below the market average19.31% below the market average19.31% below the market average19.31% below the market average19.31% below the market average
10.64% above the sector average10.64% above the sector average10.64% above the sector average10.64% above the sector average10.64% above the sector average
Income
98.99% above the market average98.99% above the market average98.99% above the market average98.99% above the market average98.99% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
87.67% below the market average87.67% below the market average87.67% below the market average87.67% below the market average87.67% below the market average
77.27% below the sector average77.27% below the sector average77.27% below the sector average77.27% below the sector average77.27% below the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 2
Sell 0
Strong Sell 0
Total 4
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Reach Dividends

  Latest Previous
  Final Interim
Ex-Div 09-May-24 10-Aug-23
Paid 31-May-24 22-Sep-23
Amount 4.46p 2.88p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 93,316 @ 78.40p
16:35 712 @ 78.40p
16:35 414 @ 78.40p
16:35 2,586 @ 78.40p
16:35 830 @ 78.40p

Reach Key Personnel

Chair Nick Prettejohn
CEO Jim Mullen
CFO Darren Fisher

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