Reach (RCH)

Sector:

Media

Index:

FTSE Small Cap

69.25p
   
  • Change Today:
      2.20p
  • 52 Week High: 353.50
  • 52 Week Low: 64.42
  • Currency: UK Pounds
  • Shares Issued: 316.06m
  • Volume: 922,339
  • Market Cap: £218.87m

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.

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Reach Market Data

Currency UK Pounds
Share Price 69.25p
Change Today 2.20p
% Change 3.28 %
52 Week High 353.50
52 Week Low 64.42
Volume 922,339
Shares Issued 316.06m
Market Cap £218.87m

Reach Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
97.40% above the market average97.40% above the market average97.40% above the market average97.40% above the market average97.40% 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
80.92% below the market average80.92% below the market average80.92% below the market average80.92% below the market average80.92% below the market average
84.91% below the sector average84.91% below the sector average84.91% below the sector average84.91% below the sector average84.91% below the sector average
Income
99.07% above the market average99.07% above the market average99.07% above the market average99.07% above the market average99.07% 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
5.69% above the market average5.69% above the market average5.69% above the market average5.69% above the market average5.69% above the market average
7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% 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 30-Sep-2022

Time Volume / Share Price
16:48 1,582 @ 69.20p
16:35 190,067 @ 69.25p
16:29 549 @ 69.75p
16:29 163 @ 69.75p
16:29 848 @ 69.70p

Reach Key Personnel

Chair Nick Prettejohn
CFO Simon Fuller
CEO Jim Mullen

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