Reach Share Discussion Threads

[twixy] 28/11/2019 13:21

And the punchline is......?

[volsung] 28/11/2019 12:55

Geoff lay motionless on the bed. His thoughts racing back to when he had seen Julia and Derwent in the park holding hands.

[trident5] 28/11/2019 12:54

Pvee - that's probably why they object to having their phones hacked - as I'm sure you would.

[pvee] 28/11/2019 12:15

If the royals had any sense they would shut up and keep a low profile after all the recent front-page news.

The recent case only proves they should be prepared to take the rough with the smoothe and be accountable if they want to keep their comfortables lives at our expense. The cracks are showng and are getting wider

[nick rubens] 28/11/2019 11:59

gfrae "So far as I know royals are not suing any Reach titles."

It's Harry suing Daily Mirror over phone hacking. Not sure if it's historical issues or new ones? (unlikely).

[harry_david] 26/11/2019 09:54

One further point for optimism. The biggest cost in newspapers is the cost of paper. There has been a 5% lift in the pound which will translate into a direct cost reduction.

[harry_david] 26/11/2019 09:49

gfrae, on both points I am sure you are right.
For me the key point on Friday is the rate of growth in digital. The newspaper circulations are satisfactory with the Express the unlikely star holding its numbers much better than nearly all its competitors. All the signs for digital are very good with site visits growing strongly. Fingers crossed.

[gfrae] 26/11/2019 08:06

It is only a consolidation of two fund managers holdings who have now merged. So far as I know royals are not suing any Reach titles.

[pvee] 25/11/2019 20:21

Trading update on Friday

[cityconindex] 25/11/2019 19:09

New stakeholder 5.39%
Royals no news, hopefully the last case to be dealt with. Maybe an update this week.

[nick rubens] 25/11/2019 09:19

What about the two young 'Royals' suing? Is this going to be significant financially or just a minor detraction with low costs? cheers NR

[cityconindex] 24/11/2019 17:56

Be wary of clicking on unknown link's. Viruses galore from experience. Best leave well alone.

[kazoom] 24/11/2019 15:56

And you are posting this here why?

[cityconindex] 24/11/2019 05:18

Allowed a 5% increase.pa.But for eg if they hand 15p special to shareholders they have to give the same towards the pension deficit.

[trident5] 23/11/2019 12:11

CCI - interesting about cash backs. I glanced at the accounts yesterday and if they pay dividends just over 6p - they have to contribute into the pension scheme. Need to check whether that applies to share buy backs.
If they've stopped making large acquisitions might be worth topping up.

[harry_david] 22/11/2019 21:48

Try www.business-live.co.uk for the 22nd November. Good article and part of Reach which makes it more relevant as they are clearly chuffed.

[kazoom] 22/11/2019 19:54

Also I have to wonder if the Brazilian Google platform is really more popular in the UK than the mirror.

Or is that a result of people googling what is / where can I get a Brazilian?

[kazoom] 22/11/2019 19:48

I would have thought that they would have RNSed if they had actually broken off any talks about buy JPI assets. So imho , the game may still be afoot.

I would not be at all unhappy though if they do prove to have been outbid. It is said to be Newsquest who are ahead of them in the bidding - arguably they have the same scope to deliver synergies as Reach (so might be as prepared to "overpay") but I don't know if they have the experience of actually delivering the synergies.

On the subject of website stats - I seem to recall that Harry has access to some subscription only data. I did though find an open source that might be interesting for those prepared to put the leg work in.



This shows express.co.uk in 32nd place mirror.co.uk in 41st place in the UK behind :

BBC 5th (behind the 4 globals mentioned)
Mail 10th
The Guardian 18th
& The scum 31st

But of course Reach = Express + Mirror + Daily Star + the regionals + the UK wide regional platform (which I can't recall the URL of)

Also worth noting that the data is slightly questionable as it includes service.gov.uk and gov.uk as separate entities - and the latter is in fact an amalgam of various national and regional bodies.

[trident5] 22/11/2019 18:46

If this takeover target has gone - is there anything else Reach can aim for?

Or can it now focus on paying down its debt, pension liabilities and sending cash back to shareholders?

[gunner_ni] 22/11/2019 18:01

Harry David, do you have a link for the info about website visitor traffic or what is your source, please?

[chartsworth] 22/11/2019 14:25

Thanks very useful - bought in late yesterday when it narrowed a bit

[ironstorm] 22/11/2019 11:27

hopefully someone else is overpaying and we can then pick up from the bones of that company more cheaply later.

Also good news on the views methinks.

[cityconindex] 22/11/2019 11:16

Harry thanks for that snippet. That's the reason the mm slammed the price then👹.89.75p must have stopped a lot of people out.
Hang in there IMHO. Next week will be the update. And Montgomery would love a piece of the action. 140 mln PBT value under £300mln a no brainer.