Reach (RCH)

Sector:

Media

Index:

FTSE Small Cap

101.40p
   
  • Change Today:
      1.10p
  • 52 Week High: 420.00
  • 52 Week Low: 95.45
  • Currency: UK Pounds
  • Shares Issued: 315.06m
  • Volume: 912,564
  • Market Cap: £319.48m

Reach sees trading ahead of expectations as registrations rise

By Frank Prenesti

Date: Tuesday 23 Nov 2021

LONDON (ShareCast) - (Sharecast News) - UK newspaper publisher Reach on Tuesday said trading was ahead of expectations, driven by a rise in customer registrations for its websites.
The company, which owns the Daily Mirror newspaper and other titles reported a rise in revenues between June 28 and November 21. Digital sales rose 17.2%, offsetting a 3.5% decline in print for overall rise of 1.2%.

Customer registrations rose to more than 8m from 6.7m at the end of July. Reach has set a target of 10m registered users.

"A strong digital revenue performance in the period was driven by yield expansion, supported by strategic delivery and a recovery in digital advertising versus 2020. On a two-year basis, digital revenue growth remains encouraging, up by 39% for the year-to-date, with average page views growing by 30%," the company said.

Reach said it now expected group revenue of £604.1m and adjusted operating profit of £145.8m for 2021, according to the latest company-compiled forecasts.

Email this article to a friend

or share it with one of these popular networks:


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 101.40p
Change Today 1.10p
% Change 1.10 %
52 Week High 420.00
52 Week Low 95.45
Volume 912,564
Shares Issued 315.06m
Market Cap £319.48m

Reach Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.60% above the market average96.60% above the market average96.60% above the market average96.60% above the market average96.60% 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
53.49% below the market average53.49% below the market average53.49% below the market average53.49% below the market average53.49% below the market average
74.07% below the sector average74.07% below the sector average74.07% below the sector average74.07% below the sector average74.07% below the sector average
Income
98.62% above the market average98.62% above the market average98.62% above the market average98.62% above the market average98.62% 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
16.23% above the market average16.23% above the market average16.23% above the market average16.23% above the market average16.23% above the market average
32.08% above the sector average32.08% above the sector average32.08% above the sector average32.08% above the sector average32.08% 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
  Final Interim
Ex-Div 12-May-22 12-Aug-21
Paid 10-Jun-22 24-Sep-21
Amount 4.46p 2.75p

Trades for 01-Jul-2022

Time Volume / Share Price
16:35 25,000 @ 101.40p
16:35 167,309 @ 101.40p
16:29 2,000 @ 100.76p
16:29 237 @ 100.90p
16:29 786 @ 100.90p

Reach Key Personnel

Chair Nick Prettejohn
CFO Simon Fuller
CEO Jim Mullen

Top of Page