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RCH Reach Plc

85.40
-1.10 (-1.27%)
13 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Reach Plc LSE:RCH London Ordinary Share GB0009039941 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  -1.10 -1.27% 85.40 427,963 16:35:28
Bid Price Offer Price High Price Low Price Open Price
85.50 85.90 86.70 85.50 86.40
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Newspaper:pubg, Pubg & Print 568.6M 9.8M 0.0308 27.82 275.11M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:36:02 O 10,000 85.40 GBX

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Date Time Title Posts
12/12/202419:10REACH8,115
10/5/202317:39Reach (RCH) One to Watch on Monday 5

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Posted at 14/12/2024 08:20 by Reach Daily Update
Reach Plc is listed in the Newspaper:pubg, Pubg & Print sector of the London Stock Exchange with ticker RCH. The last closing price for Reach was 86.50p.
Reach currently has 318,041,766 shares in issue. The market capitalisation of Reach is £272,561,793.
Reach has a price to earnings ratio (PE ratio) of 27.82.
This morning RCH shares opened at 86.40p
Posted at 12/12/2024 19:10 by masergt1
It doesn't want to c&p for some reason. Protectionist, lol? Just keeps repeating this:

Australia asks tech giants to share revenue with local media outlets or cough up taxes
Read more At:
hxxps://www.aninews.in/news/world/others/australia-asks-tech-giants-to-share-revenue-with-local-media-outlets-or-cough-up-taxes20241212152055/

Australia asks tech giants to share revenue with local media outlets or cough up taxes
Read more At:
hxxps://www.aninews.in/news/world/others/australia-asks-tech-giants-to-share-revenue-with-local-media-outlets-or-cough-up-taxes20241212152055/

It's aimed at Meta and Google; asking for cooperation and 'be nice' to our print media people or we might try harder to get some tax off your AU$250 million annual revenues.
Posted at 10/12/2024 06:51 by john09
I found it a bit rich at the weekend that a certain tip sheet was trying to poo poo US stock rises and urging us to be careful if we were buying there because of valuations.

If only they’d had the balls to tell us to buy US tech stocks in either one of 2022 , 2023 or 2024 rather than keep flogging the same dead AIM horses we might have had the funds to keep following in 2025…

US stocks are the most profitable thats why they are the most highly rated. Anyone without US stock exposure is really missing a trick (Especially if you can buy an AIM share that’s moving to Nasdaq btw)

If you are buying UK small caps then try and find those with high % revenues from the US.
Posted at 22/11/2024 10:16 by socionomics
We live in a world of propaganda. It won't be long before the usual globalist suspects take out all media outlets. ITV and RCH are my choices.
Posted at 22/11/2024 10:02 by pvee
Without talking up the share the National World bid by the majority shareholder for the remaining shares has to be a positive indicator.
Posted at 17/10/2024 10:45 by mediaobserver
From the Telegraph today: “They’re meeting expectations by cost-cutting, not by growth.”

How the Daily Mir­ror’s pub­lisher became des­per­ate for clicks in an increas­ingly cut-throat digital world

Dramatic changes in social media algorithms have left news group scrambling, writes James Warrington



When bosses at Reach, the pub­lisher of The Mir­ror and Express news­pa­pers, told journ­al­ists last week they were expec­ted to write eight stor­ies a shift, many former staff mem­bers were quick to share their war stor­ies.
“Some­times I didn’t take a proper lunch break as I felt pres­sure to hit eight stor­ies and was con­sist­ently stressed about page views,” one former Reach journ­al­ist wrote on social media.
Another said: “As someone who used to work in click­bait con­tent farm­ing: this puts report­ers at pro­fes­sional and per­sonal risk.
“It burns them out and leads to mis­takes and a loss [of ] con­fid­ence, not to men­tion ques­tion­able eth­ical judg­ments in pur­suit of traffic.”
Reach has since rowed back on the diktat, which was sent to staff at Birm­ing­ham Live, insist­ing that a “nor­mal”; report­ing shift would instead require only five stor­ies.
Nev­er­the­less, the emphasis on volumes under­scores the pub­lisher’s struggle to gain trac­tion in an increas­ingly cut-throat digital world.
While other news out­lets have shif­ted to a sub­scrip­tion model, one that allows them to gen­er­ate rev­enue dir­ectly from read­ers, Reach is still chas­ing advert­ising rev­en­ues online without a pay­wall. This means its income is depend­ent on the num­ber of times its stor­ies are viewed, which in turn can depend on how widely they are shared on social media.
Journ­al­ists say they are under increas­ing pres­sure to churn out more stor­ies as edit­ors scramble for prom­in­ence on Google Dis­cover, a search engine tool that pro­motes con­tent to a user based on their search activ­ity.
Report­ers say edit­ors have star­ted writ­ing more stor­ies to increase volume, while the media group is also ramp­ing up use of its Guten AI soft­ware to help speed up the pro­cess of rewrit­ing other people’s stor­ies.
In an email to staff seen by The Tele­graph, one senior Daily Mir­ror exec­ut­ive said the news­pa­per was aim­ing for a “baseline̶1; of 12,500 page views on an art­icle within 48 hours of pub­lish­ing. The memo showed that busi­ness, news and polit­ics were all among the worst-per­form­ing sec­tions, while celebrity and royal news ranked as the strongest. The top­ics that garnered the most con­sist­ently well-per­form­ing art­icles included Justin Bieber, hair­styles, Manchester United trans­fer news and home fur­nish­ings retailer Dun­elm.
This promp­ted one journ­al­ist to com­ment that there was “more interest in a Dun­elm heated clothes dryer than [in] hard news”.
The pur­suit of clicks can have more dam­aging effects, too. After the Daily Mir­ror last month released a video claim­ing the Met Office had urged people to shut their cur­tains at 4.30pm amid heavy rain­fall, the fore­caster pub­lished a caustic response brand­ing the report­ing “utter non­sense”. Behind this are frantic efforts to wean Reach pub­lic­a­tions, includ­ing the Manchester Even­ing News, Liv­er­pool Echo, as well as OK! off an unhealthy reli­ance on Face­book. The social media giant’s recent over­haul of its algorithm depri­or­it­ised news art­icles with a dev­ast­at­ing effect on the news­group, which had long relied on Face­book for refer­rals. In an email earlier this month, Graeme Brown, editor of Birm­ing­ham Live, wrote: “Page views are our cur­rency and there was a time we were get­ting 50pc of our traffic from Face­book
– now it is more like 5pc.” But by doub­ling down on page views, Reach risks fall­ing into the same trap again. Google has made a num­ber of changes to its algorithm over the past year to tackle “spam and low-qual­ity con­tent”. As a res­ult, this has pushed news out­lets down the search rank­ings, par­tic­u­larly those with a heavy reli­ance on ads.
“Ulti­mately these algorithm-driven digital media com­pan­ies don’t answer to any­body, let alone domestic pub­lish­ers,” he adds.
For its part, Reach is look­ing to increase regis­tra­tions to extract data, which will help improve its own advert­ising and e-com­merce pro­pos­i­tions. But its busi­ness is still fun­da­ment­ally reli­ant on clicks and social media. This strategy has already claimed a noisy cohort of youth­fo­cused digital media ven­tures.
Earlier this year, The Inde­pend­ent snapped up the Buzzfeed and Huff­post brands in the UK after both com­pan­ies shut down their news oper­a­tions. Vice laid off hun­dreds of employ­ees in Feb­ru­ary.
Another tac­tic pur­sued by Jim Mul­len, the Reach chief exec­ut­ive, has been US expan­sion, with the Mir­ror and Express both launch­ing web­sites across the Atlantic. But there are grow­ing doubts about whether this strategy will suc­ceed in prop­ping up the pub­lisher’s page views.
Rivals Mai­l­on­line and The Sun, which are also reli­ant on digital advert­ising rev­en­ues, have both begun cut­ting jobs in their US oper­a­tions.
There are signs the out­look may be improv­ing. Reach’s online busi­ness returned to growth in the third quarter, with digital rev­en­ues rising 2.5pc as higher ad earn­ings off­set a 5pc decline in page views. The improved fig­ures largely reflec­ted a boost from the Euros as brands brought for­ward their spend­ing to June and July.
Reach has shrunk con­sid­er­ably over the past five years. Rev­en­ues stood at £569m last year, down more than a fifth from £723m in 2018. It is now val­ued at £300m on the Lon­don Stock Exchange, down from its £2bn peak in 2005.
The down­turn has promp­ted deep cost-cut­ting by Mul­len, who let go almost 800 employ­ees last year. Alison Phil­lips, the well-respec­ted editor of The Mir­ror, quit in Janu­ary amid con­cerns about the cuts. Reach has said it is “slightly ahead” of its tar­get of cut­ting between 5pc and 6pc of costs this year. Yet the under­ly­ing trend is still one of decline. “They’re meet­ing expect­a­tions by cost-cut­ting, not by growth,” con­cluded Deg­roote.
Posted at 15/10/2024 07:29 by simmsc
Panmure eps forecast (22.5p) and share price target (225p) unchanged. They expect share price to regain positive momentum - sighting that reach is a geared play on sentiment.
Posted at 15/8/2024 21:05 by davebowler
I.C.,....... UK companies suchas broadcaster ITV (ITV) and news-paper publisher Reach (RCH) haveseen their shares climb by 26 per centand 45 per cent,respectively, since thestart of 2024.Total advertising revenue at ITVincreased by 10 per cent betweenSigns oflifeformedia asadvertisingforecasts brightenThe outlook for the advertising industry looks to be improving –but the sun isn't shining on everyone. Jemma Slingo reportsbefore the pandemic hit, WPP's atten-tion was partly elsewhere. Now itseems to be playing catch-up.Its interim results did little to alle-viate these concerns. Managementnow expects like-for-like revenue lesspass-through costs – the industry'spreferred metric – to be flat or down1 cent compared with last year. WPPhad previously forecast growth of upto 1 per cent.China is causing particular prob-lems, with WPP citing client losses.This follows the arrest of a Shanghai-based executive on suspicion of brib-ery last year.Over the longer term, however, alleyeswill be fixed on how WPP intendsto use generative artificial intelli-gence (AI). In January, managementrevealed plans to invest £250mn a yearin AI, but the tangible benefits of thisremain unclear."What we've noticed in our role –and we do a lot of work with advertis-ers to help them select their agencies– isthat every agency hasfeltthe needto talk about an AI story," said NickWaters, chief executive of market-ing consultancy Ebiquity (EBQ)."I completely understand that, butthere's still not much behind the story."This is not a problem specific toWPP – allthe incumbent agenciesfacethe same challenge. "Those big hold-ing companieswere builtfor analogueadvertising, a broadcast dominatedworld, and they created huge busi-nesses," said Waters."But the market has shifted to digi-tal first. So these huge businesses arehaving to shift themselves to digitalfirst, and it's a really, really tough job.Whereas the new generation of agen-cies are starting from the right place."WPP is already taking a hard lookat the portfolio, and has sold off its 50per cent stake in PR group FGS Globalto private equity giantKKR (US:KKR)for £604mn, post tax. Its 40 per centholding in market research firmKantar could be next.In themeantime, all companies thatrely on client marketing budgets facea nervous few months. Conditionslooked a little brighter at the half-year mark, but there could be a fewsurprises yet.January and June, helped by a "verysuccessful" European FootballChampionships. Meanwhile, Reach– which has been wrestling with lowpage views for some time – returnedto digital growth in the second quar-ter, bolstered by the Euros,UK generalelection and Taylor Swift Eras tour.
Posted at 31/7/2024 16:54 by pvee
I agree masergt1 but the whole presentation was a bit woolly,IMO though fairly long. In general it sounded positive and the share price is going in the right direction thankfully but it’ll be held back until we have a clear and informed progress report and strategy.

2028 appears to be the year when we’ll see the wood from the trees, depending on the progress of digital solutions but in the meantime the management needs to be clearer on the development side rather than being specific on one-offs like the staff reductions and property sales.

Got the impression it was a bit manana again.

BTW RCH is my largest holding and today I’m no longer in loss territory after a year of big accounting losses.

A bit more detail to back up the positives would be welcome
Posted at 13/3/2024 22:58 by simmsc
These are indeed cheap - and the market is waking up.

The last trading update put a floor on the share price (and we need to remember management also got through covid and is getting through a consumer / advertising crisis with no excessive borrowing or excessive dilution. Both these things give confidence.

Thats the past ... but take a look at the future:
- Economic recovery to come (with this comes more ad spend / yield recovery)
- And in future all that cash that went into hacking and pensions will eventually go straight to the bottom line (big numbers!)
- Plus we have the golden goose (first party data) which will be in strong demand (this comes in addition to the economic recovery mentioned above)
- And finally ... we are on a PE of 3. Given all of the above we have quite a re-rate (to a minimum of 5-6) coming our way (in addition to the increased profits)


When you start to add up all these components its hard to see a share price below 200p
Posted at 23/1/2024 14:00 by the imperialist
Is Reach plc (LON:RCH) Potentially Undervalued?

While Reach plc (LON:RCH) might not have the largest market cap around , it received a lot of attention from a substantial price movement on the LSE over the last few months, increasing to UK£0.80 at one point, and dropping to the lows of UK£0.63. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether Reach's current trading price of UK£0.65 reflective of the actual value of the small-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let’s take a look at Reach’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change.

What Is Reach Worth?
Good news, investors! Reach is still a bargain right now according to our price multiple model, which compares the company's price-to-earnings ratio to the industry average. In this instance, we’ve used the price-to-earnings (PE) ratio given that there is not enough information to reliably forecast the stock’s cash flows. we find that Reach’s ratio of 6.4x is below its peer average of 19.28x, which indicates the stock is trading at a lower price compared to the Media industry. Reach’s share price also seems relatively stable compared to the rest of the market, as indicated by its low beta. If you believe the share price should eventually reach its industry peers, a low beta could suggest it is unlikely to rapidly do so anytime soon, and once it’s there, it may be hard to fall back down into an attractive buying range.
Reach share price data is direct from the London Stock Exchange

Reach Frequently Asked Questions (FAQ)

What is the current Reach share price?
The current share price of Reach is 85.4p.
How many Reach shares are in issue?
Reach has 318,041,766 shares in issue.
What is the market cap of Reach?
The market capitalisation of Reach is GBP 275.11 M.
What is the 1 year trading range for Reach share price?
Reach has traded in the range of 58.50p to 112.80p during the past year.
What is the PE ratio of Reach?
The price to earnings ratio of Reach is 27.82.
What is the cash to sales ratio of Reach?
The cash to sales ratio of Reach is 0.48.
What is the reporting currency for Reach?
Reach reports financial results in GBP.
What is the latest annual turnover for Reach?
The latest annual turnover of Reach is GBP 568.6M.
What is the latest annual profit for Reach?
The latest annual profit of Reach is GBP 9.8M.
What is the registered address of Reach?
The registered address for Reach is ONE CANADA SQUARE, CANARY WHARF, LONDON, E14 5AP.
Which industry sector does Reach operate in?
Reach operates in the NEWSPAPER:PUBG, PUBG & PRINT sector.

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