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

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 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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