Updates & Ideas

Reach - Q3 shows impressive print sales resilience

November 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.

Some have described the stand-off between the Bank of England, Chancellor and the pension funds as a multi-player game of chicken with three juggernauts charging at each other in the dark with no lights. As I write we still don’t know what the consequences will be but history suggests that the maximum point of uncertainty is often a good time to buy. Reach, which owns nine leading national newspapers including the Daily Mirror, Express, Star and their Sunday equivalents, paid for celebrity magazine OK! and over 100 regional titles including Liverpool Echo and Manchester Evening News has been battered on fears of a consumer spending strike. But as is often the case these fears look wide of the mark. Its Q3 update said revenues at its prin ...

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Ten Entertainment - Offers deep value at FY’23 PE of 6.7 in spite of upgrades

Topps Tiles

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 - 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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