Reach (RCH)

Sector:

Media

Index:

FTSE Small Cap

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

Reach FY revenues impacted by Covid-19

By Iain Gilbert

Date: Monday 01 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Publishing firm Reach said on Monday that full-year revenues had declined in 2020 as a result of the impact of the Covid-19 pandemic on trading.
Reach posted a 14.6% drop in annual revenues to £600.2m, with a 10.6% surge in digital revenues being offset by an 18.9% decline in print revenues.

However, the London-listed group, which runs the Daily Mirror, Daily Record and Insider, did note that it had witnessed a recovery in print revenues and a strong digital exit rate in the fourth quarter, helping it deliver a stronger second half.

Full-year adjusted operating profits were down 12.8% at £133.8m but a strong adjusted operating cash flow of £121.8m helped support liquidity and leave the group with a net cash balance of £42.0m as of 27 December.

Reach will pay a final dividend of 4.26p per share for 2020, a marked increase on the 2.50p returned to shareholders in 2019.

Chief executive Jim Mullen said: "We have delivered our strategic milestones ahead of our original expectations and will now increase investment to accelerate delivery, focusing on the use of enhanced customer insight to drive engagement and our medium-term objective of doubling digital revenues.

"While macro-economic uncertainty resulting from Covid-19 clearly remains, the group is well placed to make good progress during 2021 and to generate increased long-term value as the strategy gathers momentum."

As of 1005 GMT, Reach shares were down 1.89% at 234.0p.

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Reach Market Data

Currency UK Pounds
Share Price 92.50p
Change Today -1.80p
% Change -1.91 %
52 Week High 420.00
52 Week Low 86.70
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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