Reach (RCH)

Sector:

Media

Index:

FTSE Small Cap

101.40p
   
  • Change Today:
      1.10p
  • 52 Week High: 420.00
  • 52 Week Low: 95.45
  • Currency: UK Pounds
  • Shares Issued: 315.06m
  • Volume: 912,564
  • Market Cap: £319.48m

Reach expects Covid-19 impact but leaves dividend unchanged

By Sean Farrell

Date: Thursday 26 Mar 2020

LONDON (ShareCast) - (Sharecast News) - Reach said it expected the coronavirus crisis to hit advertising revenue, print sales and events but the publisher of the Mirror and Express newspapers left its dividend intact for now.
The company said trading in the first 12 weeks of its financial year was in line with expectations but that it was too early to estimate the impact of the coronavirus pandemic.

"Advertising revenue deferrals may be expected given its discretionary nature, print circulation will be impacted by footfall reductions and closures of outlets and events delays or cancellation may be necessary," Reach said in a trading update. "There is currently no change to the announced 2019 full year dividend."

The company's shares fell 4.2% to 92.91p at 08:38 GMT.

Reach said it had moved as many people as possible to remote working and had reviewed continuity plans for production, printing and distribution. It has widened contact with customers through apps and newsletters and increased home delivery of printed publications.

Reach said it had a "robust" balance sheet and adequate liquidity. It had £20.4m at the end of 2019 and had agreed revolving bank facilities of £65m.

The company's annual meeting is scheduled for 7 May but the company said it was keeping plans under review. A number of companies have restricted access to their AGMs or opted to conduct meetings online.









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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 101.40p
Change Today 1.10p
% Change 1.10 %
52 Week High 420.00
52 Week Low 95.45
Volume 912,564
Shares Issued 315.06m
Market Cap £319.48m

Reach Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.71% above the market average96.71% above the market average96.71% above the market average96.71% above the market average96.71% 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
53.92% below the market average53.92% below the market average53.92% below the market average53.92% below the market average53.92% below the market average
70.37% below the sector average70.37% below the sector average70.37% below the sector average70.37% below the sector average70.37% below the sector average
Income
98.62% above the market average98.62% above the market average98.62% above the market average98.62% above the market average98.62% 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
16.49% above the market average16.49% above the market average16.49% above the market average16.49% above the market average16.49% above the market average
32.08% above the sector average32.08% above the sector average32.08% above the sector average32.08% above the sector average32.08% 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
  Final Interim
Ex-Div 12-May-22 12-Aug-21
Paid 10-Jun-22 24-Sep-21
Amount 4.46p 2.75p

Trades for 01-Jul-2022

Time Volume / Share Price
16:35 25,000 @ 101.40p
16:35 167,309 @ 101.40p
16:29 2,000 @ 100.76p
16:29 237 @ 100.90p
16:29 786 @ 100.90p

Reach Key Personnel

Chair Nick Prettejohn
CFO Simon Fuller
CEO Jim Mullen

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