Reach Share Discussion Threads

[bingham] 29/4/2019 12:35

Getting better .

[cityconindex] 07/4/2019 08:59

Share price about to head north? Me thinks 😊

Trading update 2nd May, same day as the agm,

Got to be good otherwise Simon would get a pie in his mush.

66p is going to break. It's itching, a special would do the trick in style 10p for us 10p for the old folk fair innit.

[kazoom] 04/4/2019 17:40

I see your !!
And raise you !!!

Not much to talk about here ATM.

Although I'm half tempted to treat everyone to one of my "ever popular" hackneyed Chartism posts.

Maybe later.

[cityconindex] 12/3/2019 13:28

100% if it reaches £1.65. Imho no company awards so far high a target unless it's reasonably achievable.

Trying to breach 66p resistance.

[cityconindex] 09/3/2019 23:28

hxxps://www.holdthefrontpage.co.uk/2019/news/publisher-to-demolish-sister-dailies-home-of-53-years-for-hotel-scheme/

Another big site. Hopefully they develop it themselves instead of gaining a poultry 5 million like the echo building in Liverpool.

hxxps://www.holdthefrontpage.co.uk/2019/news/dyson-at-large-digital-revenues-said-to-be-reaching-40pc-at-reach/

[ironstorm] 08/3/2019 19:51

An even more generous policy should see the price improve too.

Win:wine.

[cityconindex] 08/3/2019 14:34

CJohn I agree that no one one wants to see the money dissappear into the pension fund. Totally but if the cash is there it should be distributed out rather than even share buybacks which this lot did at a quid per share. Let us decide, I see Simons pay has jumped, he's not slow so he shouldn't be shy to pay the long suffering shareholders if the company can afford it. Which it clearly can. Most times companies screw up big time if they have to much dough sloshing around. GEC for example. 2 billion cash pile then went into mobile phones. Cash disappeared and then bust.

[cjohn] 08/3/2019 09:29

At the current price, the dividend is already very fat.


And I, presonally, would hate to see yet more cash disappear into the pension funds.

[davebowler] 06/3/2019 12:28

Chart breakout I think.

[ironstorm] 06/3/2019 07:51

City a good point well made - something those high paid bankers should be pushing to clients.

Payout as big as you can early - whilst still paying down debt and deficit.

[cityconindex] 06/3/2019 05:20

If the Gov are going to start to meddle then best to do the special now. 10p each ie shareholder and pensions pots.
It's the Gov mismanagement that's got us here in the first place.

[smicker] 05/3/2019 22:32

Dont disagree with any of that Kazoom, but it doesnt change the fact that there is a massive pension deficit here. If it was my pension, i wouldnt want any dividend paid out until the deficit had been removed. I may have misread the article but i felt that it was stating that pressure will be put on trustees to be less accommodating in the future,

“In order to support schemes we are setting out what we expect trustees and sponsoring employers to consider on funding, investment and covenant."

"While some trustees may not consider their current recovery plan to be long, we will be looking at both the maturity and the covenant of the employer in forming a view on what we consider to be an acceptable recovery plan length,” TPR said.

[kazoom] 05/3/2019 20:22

Au contraire smicker - REACH have always had a very constructive relationship with the pension funds (well - ever since Captain Bob anyway).

The dividend policy is fully backed off with the trustees and the company has agreed that if they want to increase the dividend more aggressively (and lets face it they are so mahoosively cash generative that it might be a thought) they will share the spoils with the pension fund.

To be frank if the pensions watchdog want to present a role model of how to act responsibly towards your pension funds, there would be no better place to come than Reach.

[smicker] 05/3/2019 19:29

Not a great time to be drawing attention to the dividend

hxxps://www.ipe.com/countries/uk/uk-pensions-watchdog-to-clamp-down-on-excessive-dividends/10029907.article

[gfrae] 04/3/2019 21:49

Citycon,I like the thought of a mean but succulent dividend!

[cityconindex] 04/3/2019 19:17

Jumped this morning touch off of 69p . The dividend although mean is succulent. With everything else thrown in for free. Closure on hacking will provide impetus.

[cjohn] 04/3/2019 09:13

CJohn
27 Feb '19 - 11:34 - 309 of 312 Edit

"Having said that, Harry's quite right that the digital business standing on its own would be worth a considerable sum. In my view a couple of hundred million."


I said the above a few days ago.


That valuation's too rich. Digital growth is going to return to background. I'd say the digital business is worth around £100m.


Even so, the analogue business has got to be worth more than £92 million. (Current market cap - £100m.)

[philjeans] 04/3/2019 08:55

Bounce off the bottom now well established.

On to 80p.

[philjeans] 01/3/2019 15:49

Slowly trying to push on - nice BUY of 3.2M earlier.

[cityconindex] 01/3/2019 11:31

Incredible making £140 million admittedly tight on the dividend but only valued at £180 million.
And growing dividend. 5 year's will give you 65 percent of your investment back by way of income.
And a strong likelyhood of buybacks or a special.

[cjohn] 27/2/2019 11:34

Well as you know, Kazoom, I was being ironic….


I just can't get excited about digital display; a bane on modern existence is our digital displaying; nor is it going to prove to be the unique exception to basic laws of supply/demand.

Having said that, Harry's quite right that the digital business standing on its own would be worth a considerable sum. In my view a couple of hundred million.

[kazoom] 26/2/2019 17:42

That's more like it CJohn! Did you have a snickers?

Of course 2019's expected £50-60m fall in revenues is still set to keep underlying earnings at about the same level (ditto 2020).

Remember the plan is for digital growth to outstrip traditional decline in the "medium term" (whatever that means). I'm not much less sceptical on that score than yourself CJohn. But I think we both agree there's value nevertheless?

And useful feedback too Harry - I thought it all sounded quite sensible and dare I say impressive - but IMHO buying to that story is a bit like buying into a blue sky growth stock - tricky unless you really have a feel for the particular market (which I don't) - I'll wait for further evidence on the actual digital growth improving before I invest more. (I've got quite enough already!)

[philjeans] 26/2/2019 16:33

It's also a superb income stock!

Now yielding 10%

Even after increasing div again and again, it's still only 6p against income earned of 39p per share!

Slowly, slowly, the message is getting out there.