Reach (RCH)

Sector:

Media

Index:

FTSE Small Cap

120.00p
   
  • Change Today:
      0.70p
  • 52 Week High: 420.00p
  • 52 Week Low: 116.80p
  • Currency: UK Pounds
  • Shares Issued: 315.06m
  • Volume: 975,707
  • Market Cap: £378.08m

Trinity Mirror expects drop in fourth quarter revenue

By Renae Dyer

Date: Friday 16 Dec 2016

LONDON (ShareCast) - (ShareCast News) - Trinity Mirror expects group revenue to fall in the fourth quarter, reflecting a slump in print advertising sales.
In a pre-close trading update, the owner of British newspapers the Daily Mirror and the Sunday Mirror said it anticipates group revenue will drop by below 8% in the fourth quarter compared to a 9% fall in the third quarter.

Publishing revenue is forecast to dip 8% in the last three months of the fiscal year as a 10% slide in print offsets an 8% increase in digital.

Print advertising revenue is expected to slide by 17% while circulation revenue is estimated to dip 5%.

Nevertheless the company said it is confident that performance for the year will be marginally ahead of expectations, with net debt falling to about £35m by year end.

"We continue to make good progress against our strategic initiatives whilst supporting profits and delivering strong cash flows," Trinity said in a statement.

Meanwhile, the group has now settled 80% of claims in its phone hacking scandal. However, it has increased the provision set aside to cover damages by £11.5m.

Shares rose 3.27% to 86.75p at 1010 GMT.

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Reach Market Data

Currency UK Pounds
Share Price 120.00p
Change Today 0.70p
% Change 0.59 %
52 Week High 420.00p
52 Week Low 116.80p
Volume 975,707
Shares Issued 315.06m
Market Cap £378.08m

Reach Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
95.36% above the market average95.36% above the market average95.36% above the market average95.36% above the market average95.36% 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
49.56% below the market average49.56% below the market average49.56% below the market average49.56% below the market average49.56% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average
Income
97.89% above the market average97.89% above the market average97.89% above the market average97.89% above the market average97.89% 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
30.78% above the market average30.78% above the market average30.78% above the market average30.78% above the market average30.78% above the market average
9.43% above the sector average9.43% above the sector average9.43% above the sector average9.43% above the sector average9.43% above the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 5
strong_buy
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Reach Dividends

  Latest Previous
  Final Interim
Ex-Div 12-May-22 12-Aug-21
Paid 10-Jun-22 24-Sep-21
Amount 4.46p 2.75p

Trades for 20-May-2022

Time Volume / Share Price
16:35 136,530 @ 120.00p
16:29 2,944 @ 120.70p
16:29 336 @ 120.70p
16:28 939 @ 120.80p
16:27 871 @ 120.80p

Reach Key Personnel

Chair Nick Prettejohn
CFO Simon Fuller
CEO Jim Mullen

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