Reach Share Chat (RCH)

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Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Reach	LSE:RCH	London	Ordinary Share	GB0009039941	ORD 10P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	-0.15p	-0.26%	57.85p	57.30p	58.40p	59.00p	58.50p	59.00p	26,319	16:35:26

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Media	623.2	81.9	23.0	2.5	174.82

Reach Share Discussion Threads

Showing 276 to 299 of 300 messages

Chat Pages: 12 11 10 9 8 7 6 5 4 3 2 1

Date	Subject	Author	Discuss
15/2/2019 18:51	Hi cityconindex, ...surprised the court's are allowing the legal profession carte blanche to skrew the system… If I may be so bold.... ATB	extrader	Read Full Thread Reply
15/2/2019 18:42	To guarantee a jump they need to be bold a 2 p increase in the final and the same for the pension fund. Why would the shares not go to 90p? Phone tapping like a dead weight surprised the court's are allowing the legal profession carte blanche to skrew the system.	cityconindex	Read Full Thread Reply
15/2/2019 18:41	Now is the time.	ironstorm	Read Full Thread Reply
15/2/2019 13:27	Here,here!	gfrae	Read Full Thread Reply
15/2/2019 12:25	A continuation of the share buyback, at these levels would be wonderful. But for cancellation not held in treasury.	pngasef	Read Full Thread Reply
15/2/2019 08:38	Huge cash generator as they continue to cut costs and find synergies with Express group and locals. Div will be up again no doubt. Very undervalued and unrecognised.	philjeans	Read Full Thread Reply
14/2/2019 09:28	Freddie, The circulations of their national titles are declining at the same rate they have been. The average is about 12% and that is in line with their competitors, though the Sun is holding up relatively. The Express is actually doing somewhat better than many expected, it has broadened its news coverage since the acquisition and presumably this has helped rather than hindered.	harry_david	Read Full Thread Reply
13/2/2019 17:38	I actually think this has a bit of a problem. The Express no longer mentions UKIP and a lot of theor readers were UKIP sympathetic. Also our local rag has gone up in price massively and down in quality content, it is a RCH publication.	freddie ferret	Read Full Thread Reply
13/2/2019 16:37	There is someone lurking in the undergrowth selling 50s. Not much point in buying for a punt while he is around.	gfrae	Read Full Thread Reply
31/1/2019 23:52	25th of February finals. Anyone following the story about FB and Google going to put big money into the Newspapers industry, if so would it not be better if they took ie 20/25 percent stakes so they have a say on their investment, could even trigger a bid. Maybe put Reach in play as another US investor is looking at the competition.	cityconindex	Read Full Thread Reply
31/1/2019 11:28	I love the line about the Miror Group management admitting "turning a blind eye" to the practice of phone hacking. That's a way of saying, it was tacitly encouraged and condoned, rather than stopped. The cases must come to a close eventually. Unfortunately, hacking was widespread, and cases settled and still likely to be brought represent only a fraction of the reality.	cjohn	Read Full Thread Reply
31/1/2019 08:48	https://www.theguardian.com/media/2019/jan/22/phone-hacking-was-widespread-at-the-sun-high-court-told Wondering if the Reach cases are coming to a close.	cityconindex	Read Full Thread Reply
29/1/2019 14:21	Looks to have bottomed at last. Easy doubler from here. Adding.	philjeans	Read Full Thread Reply
16/1/2019 04:02	hxxps://www.thedrum.com/news/2019/01/15/gannett-sale-uk-media-consolidation-starting-pistol-says-ex-trinity-mirror-coo Did anyone see that the Express has done a deal with Gaming Realms in reference to 2 game's or site's? https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/PLMO/13940382.html	cityconindex	Read Full Thread Reply
14/1/2019 08:29	It would be helpful to know more about the makeup of the pension fund assets, for example Commercial Prpoperty will be doing badly, whilst FAANG's have done well. I should look at the Annual Report, I suppose.....! Maybe as CJohn suggests, the recent weakness is due to an expected reduction in the value of the pension fund.	gfrae	Read Full Thread Reply
13/1/2019 14:48	Hi Smicker, There have been several UK companies in the last couple of years that have off-loaded pension schemes to specialist pension providers/insurers. ((I hold shares in 600 Group (SIXH) which is in the process of finalizing such a move.)) They have then been able to re-absorb any funds left over. At the moment, RCH is nowhere near such an opportunity. But it could happen, if the various factors relevant to the finances of pension schemes went in a favourable direction. Sadly, at the moment, it's as likely that interest rates/inflation and asset values go in the wrong direction. The economic situation after a No-Deal Brexit might be highly unfavourable to the balances of RCH's pension schemes, for example. All the best CJohn	cjohn	Read Full Thread Reply
11/1/2019 20:23	Sorry CJohn, just seeing this now. The figure is certainly large at the moment. I had previously considered any extra deficit payments as a disaster for the company in that they would produce no return for shareholders. I think i may have misunderstood this from the following. "the Group considers that it has an unconditional right to any potential surplus on the ultimate wind-up of each scheme after all benefits to members have been paid. Under IFRIC 14 it is therefore appropriate to recognise any IAS 19 surpluses which may emerge in future, and not to recognise any potential additional liabilities in respect of future funding commitments."	smicker	Read Full Thread Reply
11/1/2019 18:54	What's the take on the IC column regarding Reach Plc? The phone tapping seems to be a massive drag on sentiment. With no closure, in sight.	cityconindex	Read Full Thread Reply
08/1/2019 12:21	Ball park figure: £450m +	cjohn	Read Full Thread Reply
08/1/2019 12:20	Hi Smicker, At the half year, the pension déficit was £297m under IAS 19 calculations. This sum represents the difference between uninsured pension liabilities of around £2.2 bn and pension assets of around £1.9bn. ((Around £300m of additional pension liablities have already been insured against: this happened around 6 years ago, when the UK pension scheme briefly went into surplus. These liabilities can be ignored.)) Unfortunately, to off-load the pension schemes, RCH would have to pay a premium over the IAS 19 valuation to the specialist pension company to take on the risk of the liabilites. Imagine scenarios where interest rates, life expectancy, inflation go against the pension company: its RCH liabilities would increase. So to cover this risk, RCH has to pay them a significant premium over the current déficit. Think about the huge size of RCH's pension assets and liabilities. Relatively small movements in factors affecting pension calcualtions have an outsize effect on the déficit. This represents a serious risk to pension providers. So the premium to be paid over the IAS 19 calulation would be very large indeed. So at the moment, there's no way the company could or should do this. Unfortunately, I suspect also that the IAS 19 pension position has worsened since the half-year results, becasue of the fall back in asset values.	cjohn	Read Full Thread Reply
08/1/2019 11:34	Not specific to Reach hxxp://www.actuarialpost.co.uk/news/article/15-ftse-companies-could-offload-their-pension-plans-by-2021-15394.htm Has anyone a ballpark figure for the cost of offloading the pensions here?	smicker	Read Full Thread Reply
28/12/2018 12:52	Cheers to all for a great year ahead.	cityconindex	Read Full Thread Reply
28/12/2018 12:39	Trying to push on - New Year will see more interest and volume.	philjeans	Read Full Thread Reply
27/12/2018 17:28	The buybacks for cancellation needs the likes of Desmond convincing the board it's the best use of spare cash, but for cancellation only not treasury. How many percent of the company shareholders/ownings are needed so the resolution is put to the vote?	cityconindex	Read Full Thread Reply

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