Reach (RCH)

Sector:

Media

Index:

FTSE 250

253.50p
   
  • Change Today:
      15.50p
  • 52 Week High: 420.00
  • 52 Week Low: 191.00
  • Currency: UK Pounds
  • Shares Issued: 313.96m
  • Volume: 878,287
  • Market Cap: £795.88m
  • Beta: 0.13

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 253.50p
Change Today 15.50p
% Change 6.51 %
52 Week High 420.00
52 Week Low 191.00
Volume 878,287
Shares Issued 313.96m
Market Cap £795.88m
Beta 0.13

Reach Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
84.66% above the market average84.66% above the market average84.66% above the market average84.66% above the market average84.66% above the market average
88.24% above the sector average88.24% above the sector average88.24% above the sector average88.24% above the sector average88.24% above the sector average
Price Trend
45.62% above the market average45.62% above the market average45.62% above the market average45.62% above the market average45.62% above the market average
28.81% above the sector average28.81% above the sector average28.81% above the sector average28.81% above the sector average28.81% above the sector average
Income
20.52% below the market average20.52% below the market average20.52% below the market average20.52% below the market average20.52% below the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Growth
13.55% above the market average13.55% above the market average13.55% above the market average13.55% above the market average13.55% above the market average
43.40% above the sector average43.40% above the sector average43.40% above the sector average43.40% above the sector average43.40% above the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 6
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 12-Aug-21 13-May-21
Paid 24-Sep-21 04-Jun-21
Amount 2.75p 4.26p

Trades for 25-Jan-2022

Time Volume / Share Price
16:35 149,902 @ 253.50p
16:29 445 @ 253.50p
16:29 41 @ 253.50p
16:29 653 @ 254.00p
16:29 700 @ 254.00p

Reach Key Personnel

Chair Nick Prettejohn
CFO Simon Fuller
CEO Jim Mullen

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