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Reach - Shares bounce 22% after results

April 2024

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

The shares bounced following results slightly ahead of expectations, aided by an improving Q4 and a “robust” start to January and February. Revenues declined 5.4% with the EBIT impact minus 9%. In print, revenues fell 3.5% although advertising outperformed long-term declining trends. Within Digital, Facebook’s newsfeed switch off, google algorithm changes and hard macro conditions lowered revenues by 15% to £127.4m due to page views and lower open market yields both declining a quarter but that’s the worst of it. Reach’s investment in the data-driven segment has been rewarded with an increased contribution to 43% of divisional sales from 38% in FY’22. Crucially, Reach is squeezing far more from fewer eyeballs with revenue per thou ...

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Dunelm

CVS Group

Reach (June 2024)

Reach (December 2023)

Reach (September 2023)

Reach - Comparables to get easier in H2 (June 2023)

Reach - Data driven revenues up 56% (April 2023)

Reach (February 2023)

Reach - Q3 shows impressive print sales resilience (November 2022)

Reach - Plus products now over 30% of Digital (September 2022)

Reach - CEO and chairman buy shares (June 2022)

Reach - High margin digital side could be 50% turnover by FY’25 (April 2022)

Reach - Recruits another 400 writers (January 2022)

Reach - Gain in two months: 69%! (September 2021)

Reach - Direct advertising set for exponential growth; DIRT CHEAP on PE of 6.5 (July 2021)

Reach - Newspaper group could double profits through digital advertising explosion (February 2021)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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Reach - Shares bounce 22% after results

April 2024

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