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 H1 profit jumps on Local World acquisition

By Michele Maatouk

Date: Monday 01 Aug 2016

LONDON (ShareCast) - (ShareCast News) - Daily Mirror publisher Trinity Mirror reported a jump in first-half pre-tax profit on Monday, thanks in part to its acquisition of news publisher Local World last November.
In the 27 weeks ended 3 July, adjusted pre-tax profit rose to £66.9m from £47m as revenue increased to £374.7m from £288.5m, benefiting from the Local World acquisition and an additional week of trading in the period.

This made up for losses from the launch of failed daily newspaper New Day, which closed on 6 May.

Chief executive Simon Fox said: "I am pleased we delivered another strong performance despite the challenging print environment. We are already seeing the benefits from our acquisition of Local World last year and continue to tightly manage the cost base across the group."

"Our strategic focus remains to grow digital audience and revenue whilst protecting print revenue and profit. We are confident that our strategy and our strong balance sheet position will enable continued progress despite increased uncertainty around the economic environment."

Also on Monday, the company announced a share buyback of up to £10m.

As far as Brexit is concerned, Trinity Mirror said it has created "increased macroeconomic uncertainty" and warned that revenues could take a hit.

"Whilst the impact is uncertain and hard to assess, based on current UK growth forecasts there is a risk that our revenues could be lower than expectations."

At 1030 BST, Trinity shares were up 6.2% to 79.67p.

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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
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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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