Updates

Reach - Trading ahead of expectations

April 2025

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.

Reach duly delivered results ahead of expectations with operating profit up 6% to £102.3m in spite of a 4% decline in like-for-like sales. Eps rose 16% to 25.3p. Net debt rose from £10m to just over £14m. Aided by a strong Q4, digital revenues returned to growth and grew 2.1% to £130m, driven by more resilient and higher yielding data-led revenues (now 45% divisional sales) and a hardening of rates (19% rise in revenues per thousand page views). After a long period of decline, Reach said open market (programmatic) sales have stabilised as has referral traffic, while page views have improved again in Q4. Additionally, e-commerce revenues rose 39% and affiliate sales by 51%. Interestingly Reach’s Mantis platform (brand safety ...

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The Property Franchise Group - Well-received results drive shares higher

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Reach - Full year results ahead of expectations (March 2025)

Reach - Deutsche says “forecast risk firmly to the upside” (December 2024)

Reach - Operating margins soar 4% to 16.8% (September 2024)

Reach (June 2024)

Reach - Shares bounce 22% after results (April 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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