Updates

Reach - Recruits another 400 writers

January 2022

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.

Revenues are ahead of expectations in H2 to date with Print -3.5% and digital +17.2% versus Singer Capital Markets’ expectations for -8.9% and +12.8%, respectively. That meant overall sales rose 1.2%, a huge improvement on the 11.9% decline since 2019, with digital up a staggering 39% on a two year basis. Rather excitingly, Reach increased customer registrations from 6.7m to over 8m and if this run rate is sustained it could hit 12 million by end 2022 (thrashing its 10m target).The strong performance was partly driven by stabilised print advertising and circulation but mainly better yields from digital advertising as better targeted audience data improved return on investment for advertisers. As Singer says, “Continued ...

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Playtech - New suitor emerges

Somero - Trading ahead of expectations

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 - 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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