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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Reach - Comparables to get easier in H2

June 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:
  • 78p
Reach has issued an update with trading in line with expectations in the first four months. Circulation revenues were a bit better than expected (+2.1%) as cover prices fed through, print advertising (now much reduced in contribution) fell 3.6%, while digital was down 14.5%. The latter saw continued outperformance of data driven products, offset by ongoing softness in open market yields while a further decline in page views because of reduced referral traffic from Facebook - the latter’s de-prioritising of news is affecting all news publishers - is another headwind. More positively, the US development is moving ahead with almost 100 full time roles filled and it expects to launch US domain websites for both the Express and ...

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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.

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