Updates

Reach

June 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 rallied after Q1 beat expectations. Revenues declined almost 7% with print down 6% but digital outperformed, declining only 8% in spite of the Facebook news switch off which cut page views by a third. Now the locusts are in the rear view mirror shareholders can breath a little easier and give thanks for Reach’ expansion into data driven revenues (now 45% vs 39% digital revenues) which yields many times programmatic and Reach says its Partnerships, affiliates, ecommerce and direct advertising, have all contributed. It’s easy to be brutalised by the past 2.5 years into thinking these ridiculous valuations will normalise here forever but with “risk-on” shares elsewhere (think Future) already rallying ahead of likely ...

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Mears

Loungers

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

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