Reach (RCH)

Sector:

Media

Index:

FTSE Small Cap

69.00p
   
  • Change Today:
    -1.00p
  • 52 Week High: 87.35
  • 52 Week Low: 59.10
  • Currency: UK Pounds
  • Shares Issued: 317.97m
  • Volume: 267,529
  • Market Cap: £219.40m

National World says it won't make offer for Reach

By Michele Maatouk

Date: Wednesday 23 Nov 2022

LONDON (ShareCast) - (Sharecast News) - National World said on Wednesday that it has no intention of making a firm offer for larger rival Reach.
The company, which owns the Yorkshire Post and the Scotsman, announced earlier in November that it was in the early stages of exploring a possible offer for Reach.

However, following further work with its advisers, National World has concluded that while there are considerable industrial and financial advantages to combining the newspaper portfolios of the two companies, "the circumstances are not aligned to proceed any further with the possible offer".

"This is despite National World having received in principle financial support from within the investment community to fund a potential deal," it said.

"The board of directors of National World remains confident in the company's strategic direction and positioning as a proactive consolidator in the sector and a content driven business in its own right."

Executive chairman David Montgomery said: "A combination with Reach could unlock very significant operational value for both companies, but not all the elements required to ensure a successful transaction were present.

"Rather than create unwanted management distractions for both companies and our respective shareholders, we have decided not to proceed with any discussions at this stage."

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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 69.00p
Change Today -1.00p
% Change -1.43 %
52 Week High 87.35
52 Week Low 59.10
Volume 267,529
Shares Issued 317.97m
Market Cap £219.40m

Reach Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.60% above the market average99.60% above the market average99.60% above the market average99.60% above the market average99.60% 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
51.4% below the market average51.4% below the market average51.4% below the market average51.4% below the market average51.4% below the market average
14.89% below the sector average14.89% below the sector average14.89% below the sector average14.89% below the sector average14.89% below the sector average
Income
99.25% above the market average99.25% above the market average99.25% above the market average99.25% above the market average99.25% 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
87.52% below the market average87.52% below the market average87.52% below the market average87.52% below the market average87.52% below the market average
72.73% below the sector average72.73% below the sector average72.73% below the sector average72.73% below the sector average72.73% below the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 2
Sell 0
Strong Sell 0
Total 4
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 09-May-24 10-Aug-23
Paid 31-May-24 22-Sep-23
Amount 4.46p 2.88p

Trades for 19-Apr-2024

Time Volume / Share Price
16:35 25,000 @ 69.00p
16:35 71,215 @ 69.00p
16:35 673 @ 69.00p
16:35 625 @ 69.00p
16:35 626 @ 69.00p

Reach Key Personnel

Chair Nick Prettejohn
CEO Jim Mullen
CFO Darren Fisher

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