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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Reach

December 2023

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.

  • Epic Code:
  • RCH
  • Price:
  • 80p
Given the tough macro climate, the fact that Reach’s Q3 update confirmed trading remains in line almost felt like a “beat” and the shares rallied. Revenues declined by 7.8% with print outperformance (-5.8%) offsetting weaker than forecast digital result (-13.7%), which reflected a dip in traffic, partly caused by Facebook winding down the promotion of news content on its websites. For the nine months, Reach indicates a 21% decline in traffic but expects improvement (as the annualisation moderates) in Q1 next year. Data driven revenues rose to 42% of total Digital revenues for the 9 months, which Panmure says implies an increase from 41% in H1 to 44% in Q3. Once it gets to around half the total investors should really take note of the imp ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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