National World (NWOR)

Sector:

IT Services

 16.25p
   
  • Change Today:
      0.000p
  • 52 Week High: 20.50
  • 52 Week Low: 16.25
  • Currency: UK Pounds
  • Shares Issued: 267.66m
  • Volume: 25,876
  • Market Cap: £43.50m

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.

 

National World Market Data

Currency UK Pounds
Share Price 16.25p
Change Today 0.000p
% Change 0.00 %
52 Week High 20.50
52 Week Low 16.25
Volume 25,876
Shares Issued 267.66m
Market Cap £43.50m

National World Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
81.85% above the market average81.85% above the market average81.85% above the market average81.85% above the market average81.85% above the market average
97.59% above the sector average97.59% above the sector average97.59% above the sector average97.59% above the sector average97.59% above the sector average
Value
81.85% above the market average81.85% above the market average81.85% above the market average81.85% above the market average81.85% above the market average
97.59% above the sector average97.59% above the sector average97.59% above the sector average97.59% above the sector average97.59% above the sector average
Income
59.64% above the market average59.64% above the market average59.64% above the market average59.64% above the market average59.64% above the market average
76.92% above the sector average76.92% above the sector average76.92% above the sector average76.92% above the sector average76.92% above the sector average
Growth
35.71% below the market average35.71% below the market average35.71% below the market average35.71% below the market average35.71% below the market average
80.72% below the sector average80.72% below the sector average80.72% below the sector average80.72% below the sector average80.72% below the sector average

National World Dividends

  Latest Previous
  Final Final
Ex-Div 06-Jun-24 01-Jun-23
Paid 10-Jul-24 05-Jul-23
Amount 0.55p 0.50p

Trades for 22-Jul-2024

Time Volume / Share Price
15:39 9,181 @ 16.34p
12:37 16,695 @ 16.36p

National World Key Personnel

CFO Sheree Manning

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