Reach (RCH)

Sector:

Media

Index:

FTSE Small Cap

92.50p
   
  • Change Today:
    -1.80p
  • 52 Week High: 420.00p
  • 52 Week Low: 86.70p
  • Currency: UK Pounds
  • Shares Issued: 316.06m
  • Volume: 1,190,581
  • Market Cap: £292.35m

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 92.50p
Change Today -1.80p
% Change -1.91 %
52 Week High 420.00p
52 Week Low 86.70p
Volume 1,190,581
Shares Issued 316.06m
Market Cap £292.35m

Reach Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
97.00% above the market average97.00% above the market average97.00% above the market average97.00% above the market average97.00% 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
49.76% below the market average49.76% below the market average49.76% below the market average49.76% below the market average49.76% below the market average
58.49% below the sector average58.49% below the sector average58.49% below the sector average58.49% below the sector average58.49% below the sector average
Income
98.84% above the market average98.84% above the market average98.84% above the market average98.84% above the market average98.84% 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
9.72% above the market average9.72% above the market average9.72% above the market average9.72% above the market average9.72% above the market average
24.53% above the sector average24.53% above the sector average24.53% above the sector average24.53% above the sector average24.53% 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 17-Aug-2022

Time Volume / Share Price
17:15 4,191 @ 92.69p
16:35 147,598 @ 92.50p
16:29 135 @ 92.00p
16:28 173 @ 92.00p
16:28 2 @ 92.00p

Reach Key Personnel

Chair Nick Prettejohn
CFO Simon Fuller
CEO Jim Mullen

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