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

Friday preview: Sales kick off; Daily Mirror owner Reach to issue update

By Michele Maatouk

Date: Thursday 26 Nov 2020

LONDON (ShareCast) - (Sharecast News) - There isn't much scheduled on the corporate front for the end of the week, although a trading update from magazine and newspaper publisher Reach should garner some interest, as the Black Friday sales kick off.
Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, said the Black Friday "bun fight" between online retailers is going to be even fiercer this year with fresh lockdowns forcing retailers classed as non-essential to close their shops across England and many parts of Scotland.

"Although major supermarkets are still open, competition from high street bricks and mortar stores has been all but eliminated," she said. "For retailers without an online presence, Black Friday could be even more damaging to business this time around, as the opportunity to browse down real aisles is severely limited.

"The fight for clicks could see many more loss leaders pushed by retailers - those big ticket items with massive reductions - which are aimed at luring people into digital stores in the hope they will fill up their baskets with other items as well. Given the competition online, it's looking likely that these discounts will be around even longer than in previous years, squeezing margins during the crucial Christmas shopping period, which many retailers count on to push them from the red into the black."

Investors will be eyeing a trading statement from Daily Mirror owner Reach.

Back in September, the company reported that first-half profits more than halved, but said third-quarter digital advertising had shown a strong recovery.

Reach said at the time that 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.

Nationwide's house price data for November will also be in focus.





INTERIMS

Carclo, HarbourVest Global Private Equity Limited A Shs

INTERIM DIVIDEND PAYMENT DATE

Amati AIM Vct , Anpario, Downing Three VCT H Shs, Downing Three VCT J Shs, Hilton Food Group, London Security, Tesco, Toyota Motor Corp.

QUARTERLY PAYMENT DATE

Greencoat Renewables

QUARTERLY EX-DIVIDEND DATE

Canadian General Investments Ltd.

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Business Climate Indicator (EU) (10:00)

Consumer Confidence (EU) (10:00)

Economic Sentiment Indicator (EU) (10:00)

Industrial Confidence (EU) (10:00)

Services Sentiment (EU) (10:00)

U. of Michigan Confidence (US) (15:00)

GMS

Bushveld Minerals Limited, Inspirit Energy Holdings

FINALS

Benchmark Holdings

SPECIAL DIVIDEND PAYMENT DATE

Randall & Quilter Investment Holdings (DI), Toyota Motor Corp.

EGMS

Public Joint Stock Company Severstal GDR (Reg S)

AGMS

Hotel Chocolat Group , Murray Income Trust, Quadrise Fuels International, Sylvania Platinum Ltd (DI)

TRADING ANNOUNCEMENTS

Reach

UK ECONOMIC ANNOUNCEMENTS

Consumer Credit (09:30)

M4 Money Supply (09:30)

Mortgage Approvals (09:30)

Nationwide House Price Index (07:00)

FINAL DIVIDEND PAYMENT DATE

Beeks Financial Cloud Group, Croma Security Solutions Group, Dechra Pharmaceuticals, European Opportunities Trust, Mcbride, Mid Wynd International Inv Trust, TR European Growth Trust







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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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