Reach (RCH)

Sector:

Media

Index:

FTSE 250

267.50p
   
  • Change Today:
    -8.00p
  • 52 Week High: 420.00p
  • 52 Week Low: 191.00p
  • Currency: UK Pounds
  • Shares Issued: 313.96m
  • Volume: 516,865
  • Market Cap: £839.84m
  • Beta: 0.01

Reach H1 profit slumps but sees strong digital recovery in Q3

By Frank Prenesti

Date: Monday 28 Sep 2020

LONDON (ShareCast) - (Sharecast News) - Daily Mirror owner Reach said first-half profits more than halved although third quarter digital advertising had shown a strong recovery.
The company on Monday said pre-tax profit fell to £25.2m from £58.2m a year ago as revenue slumped 18% to £290.8m Statutory operating profits fell to £28.9m against £63.7m.

Reach added that it was recommending bonus issue to shareholders with a value equivalent to an interim dividend of 2.63p a share. It also planned to award staff shares up to a value of £400 and launch a sharesave scheme from 2021 "in recognition of their contribution and achievements during a challenging year".

Third quarter revenue fell 15% year on year compared to a 27.5% drop in the second. The digital business grew 12.9% against a second quarter decline of 14.8%, benefiting from a strong recovery in digital advertising and increased customer engagement across all channels, Reach said.

Print declined by 19.9% in the third quarter, improving on the 29.5% decline in the previous three months, helped by gradual improvements in circulation revenue.

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Reach Market Data

Currency UK Pounds
Share Price 267.50p
Change Today -8.00p
% Change -2.90 %
52 Week High 420.00p
52 Week Low 191.00p
Volume 516,865
Shares Issued 313.96m
Market Cap £839.84m
Beta 0.01

Reach Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
83.67% above the market average83.67% above the market average83.67% above the market average83.67% above the market average83.67% 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
51.07% above the market average51.07% above the market average51.07% above the market average51.07% above the market average51.07% above the market average
32.20% above the sector average32.20% above the sector average32.20% above the sector average32.20% above the sector average32.20% above the sector average
Income
23.67% below the market average23.67% below the market average23.67% below the market average23.67% below the market average23.67% 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
13.53% above the market average13.53% above the market average13.53% above the market average13.53% above the market average13.53% 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 21-Jan-2022

Time Volume / Share Price
16:45 342 @ 266.00p
16:45 342 @ 266.00p
16:35 3,120 @ 267.50p
16:35 119,988 @ 267.50p
16:29 46 @ 265.50p

Reach Key Personnel

Chair Nick Prettejohn
CFO Simon Fuller
CEO Jim Mullen

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