Reach (RCH)

Sector:

Media

Index:

FTSE Small Cap

76.30p
   
  • Change Today:
    -2.95p
  • 52 Week High: 353.50p
  • 52 Week Low: 67.05p
  • Currency: UK Pounds
  • Shares Issued: 316.06m
  • Volume: 235,611
  • Market Cap: £241.15m

DMGT to buy i newspaper from JPI Media for ?49.6m

By Michele Maatouk

Date: Friday 29 Nov 2019

LONDON (ShareCast) - (Sharecast News) - The Daily Mail and General Trust has agreed to buy the i newspaper from JPI Media - formerly Johnston Press - for £49.6m in cash.
Lord Rothermere, chairman of DMGT, which owns the Daily Mail and Metro, said: "We are delighted to welcome the i to our stable of media brands. It is a highly respected publication with a loyal and engaged readership. We are committed to preserving its distinctive, high quality and politically independent editorial style.

"The acquisition of the i is both strategically and financially compelling for DMGT and there is scope for potential synergies in the future, notably from dmg media's existing infrastructure and in advertising sales."

He said the business will benefit from DMGT's "long-term approach and commitment" to investing in editorial content.

"We also see good opportunities to develop inews.co.uk, a growing digital media asset," he said. "Financially, the i will be a strong cash generator for the Group as we continue to invest across the portfolio, both organically and through acquisitions."

Publishing company Reach said earlier on Friday that it had ended discussions with JPI Media about the possible acquisition of some of its titles.

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Reach Market Data

Currency UK Pounds
Share Price 76.30p
Change Today -2.95p
% Change -3.72 %
52 Week High 353.50p
52 Week Low 67.05p
Volume 235,611
Shares Issued 316.06m
Market Cap £241.15m

Reach Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.91% above the market average96.91% above the market average96.91% above the market average96.91% above the market average96.91% 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
74.89% below the market average74.89% below the market average74.89% below the market average74.89% below the market average74.89% below the market average
81.13% below the sector average81.13% below the sector average81.13% below the sector average81.13% below the sector average81.13% below the sector average
Income
99.07% above the market average99.07% above the market average99.07% above the market average99.07% above the market average99.07% 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
5.61% above the market average5.61% above the market average5.61% above the market average5.61% above the market average5.61% above the market average
7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 5
strong_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
  Interim Final
Ex-Div 11-Aug-22 12-May-22
Paid 23-Sep-22 10-Jun-22
Amount 2.88p 4.46p

Trades for 07-Oct-2022

Time Volume / Share Price
16:29 585 @ 76.30p
16:28 228 @ 76.10p
16:28 1,118 @ 76.30p
16:28 146 @ 76.35p
16:28 10 @ 76.80p

Reach Key Personnel

Chair Nick Prettejohn
CFO Simon Fuller
CEO Jim Mullen

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