Updates

Reach

September 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.

The shares jumped above 80p after Reach marginally beat expectations for the half-year. The full extent of Facebook’s decision to switch off its news function rather than be left at risk of paying for news content meant page views fell 16% to 1.4bn and with soft open market yields, digital declined 16.1% to £60.8m. Without the strength of data driven revenues, down just 1% to £24.9m (but rising in importance from 35% to 41% sales), it could have been worse. Bright spots here were the growth in registered users to 13.2m (c.30% Reach’s digital audience) while active users within the past 28 days rose 14% to 5.4m and registered page views increased 15% to c. 100m per month. There’s a theory the industry wide slump in page views may ...

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Vistry

Babcock

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 - 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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