Reach (RCH)

Sector:

Media

Index:

FTSE Small Cap

69.00p
   
  • Change Today:
    -1.00p
  • 52 Week High: 87.35
  • 52 Week Low: 59.10
  • Currency: UK Pounds
  • Shares Issued: 317.97m
  • Volume: 267,529
  • Market Cap: £219.40m

Ad sales slump makes grim reading for Mirror owner Reach

By Frank Prenesti

Date: Monday 08 Oct 2018

LONDON (ShareCast) - (Sharecast News) - Daily Mirror and Express publisher Reach said third quarter print advertising revenues plunged by a fifth as circulation fell by 4%.
Like for like group sales fell 7%. Group revenue rose 21%, reflecting the purchase of the Express & Star titles.

The company's email marketing business Communicator Corporation was sold for £7.6m with £6.8m received in cash on completion. The rest will be handed over in March 2020.

Chief executive Simon Fox said Reach would make savings of £2m this year from the purchase of the Express stable. Synergies were forecast to hit £20m by 2020.

"Our continued focus on tightly managing costs and driving digital revenue continues to provide confidence that performance for the year will be in line with market expectations." Fox said.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Reach Market Data

Currency UK Pounds
Share Price 69.00p
Change Today -1.00p
% Change -1.43 %
52 Week High 87.35
52 Week Low 59.10
Volume 267,529
Shares Issued 317.97m
Market Cap £219.40m

Reach Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.60% above the market average99.60% above the market average99.60% above the market average99.60% above the market average99.60% 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
51.4% below the market average51.4% below the market average51.4% below the market average51.4% below the market average51.4% below the market average
14.89% below the sector average14.89% below the sector average14.89% below the sector average14.89% below the sector average14.89% below the sector average
Income
99.25% above the market average99.25% above the market average99.25% above the market average99.25% above the market average99.25% 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
87.52% below the market average87.52% below the market average87.52% below the market average87.52% below the market average87.52% below the market average
72.73% below the sector average72.73% below the sector average72.73% below the sector average72.73% below the sector average72.73% 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 19-Apr-2024

Time Volume / Share Price
16:35 25,000 @ 69.00p
16:35 71,215 @ 69.00p
16:35 673 @ 69.00p
16:35 625 @ 69.00p
16:35 626 @ 69.00p

Reach Key Personnel

Chair Nick Prettejohn
CEO Jim Mullen
CFO Darren Fisher

Top of Page