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
  6.40 11.02% 64.50 191,806 16:29:58
Bid Price Offer Price High Price Low Price Open Price
63.80 64.50 65.90 61.70 61.70
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 702.50 120.90 31.80 2.0 195
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:16 UT 1,047 64.50 GBX

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29/7/201804:18Reach (RCH) One to Watch on Monday -

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Reach Daily Update: Reach Plc is listed in the Media sector of the London Stock Exchange with ticker RCH. The last closing price for Reach was 58.10p.
Reach Plc has a 4 week average price of 52p and a 12 week average price of 50p.
The 1 year high share price is 185p while the 1 year low share price is currently 50p.
There are currently 302,192,924 shares in issue and the average daily traded volume is 442,838 shares. The market capitalisation of Reach Plc is £194,914,435.98.
our haven: Reach's pension fund deficit of around £270m has been long documented and the plan to remove it by 2027 remains. Of course like many others they have had a 3 month pension holiday contribution due to Covid.Without the pension scheme the share price would be a multiple of today's price.
albert zog: Until Reach can lose its pension scheme, this share price is in trouble
ppreston1: Totally agree Harry. The valuation is absolutely crazy here. No idea how much lower Luxor plan to take down the share price but it seems like it still has a way to go as they have increased their short to 1.32%. Wish they'd get lost. Long term holders will prevail though.
ppreston1: Agreed Trident. But how do hedge funds get punters to invest in their strategies? Through investment performance which is on the back on share price manipulation, short attacks, programmed selling etc. However you like to describe these questionable tactics.
ppreston1: Totally agree with RCH being dirt cheap. They currently trade on a forward P/E of just over 2x which you'd expect for a company about to go bust! Clearly not the case here. However I wouldn't be so dismissive about Luxor's influence on the share price. They did the same with FUTR and brought the share price right down until they started to reduce in March, at which point the share price turned and went up again. These hedge funds are pretty successful at what they do. After all, I've never met a poor hedge fund manager. Unfortunately, I don't expect RCH to recover until Luxor reduce their short position. Noticed they increased again to 0.96% as of 28th July so still a way to go. Let them have their fun. I'm holding for the long term.
trident5: Not very good news this morning. Share price holding up quite well though.
this_is_me: It looks like the share price is on the way up at last.
onjohn: The rch share price is taking off like a nuclear warhead, 200p even
lomax99: Yup:This Dividend Hero's Too Cheap To Miss Right NowAn environment of pressured ad budgets and declining newspaper sales has made investment in the publishing sector perilous business in recent years. This is reflected in some of the low earnings multiples of some of the industry's biggest players.Take Reach, for instance. This company is best known in the UK for publishing the Mirror, Express and Star line of national titles along with a glut of regional papers. It currently trades on a forward P/E ratio of 4.2 times, a reading which sits well below the widely-regarded bargain benchmark of 10 times.Print Sales In PerilIt's true that conditions remain far from ideal for Reach and its competitors. Like-for-like revenues amongst this particular operator's print division performed better in the period from July 1 to November 24, latest financials showed. A year earlier such sales tanked 8.2%. Still, a 7.3% fall didn't provide much for investors to celebrate.And what's more, recent research from the Advertising Association and marketing intelligence agency WARC predicts that print-generated sales will possibly worsen in 2020. The latest co-authored Expenditure Report suggests that falling physical ad sales will cause an estimated 2.5% drop in national newsbrand revenues for 2019 to deteriorate to a 3.3% reversal in 2020.The outlook looks pretty bleak for regional newsbrands in the print arena, too. On the plus side advertising sales here are expected to improve this year from an anticipated 10.3% drop in 2019. Unfortunately, though, an expected 5.4% fall doesn't provide a lot to be happy about.Digital Sales Dance HigherSo why am I about to tip Reach as a great share to load up on today, then? Well in better news that Advertising Association/WARC study suggests that ad revenues generated via online newsbrands will continue to pick up the pace.Across national titles. ad spend via cyberspace is expected to rise 5.2% year on year in 2020, up from a predicted 5.1% increase for last year. And for regional titles a 4.9% uptick is expected, up from the 4.6% advance for 2019.This is a trend which Reach in particular is in great shape to ride. It acquired the Express and Star titles back two Februarys ago in a bid to bulk up its online sales, a strategy that is already paying off handsomely.That aforementioned autumn trading update showed Reach's like-for-like digital revenues rise 14% in the five-or-so-months to the end of November, speeding up from the 9.3% rise of the same 2018 period. This, allied with fractionally-improved sales on the print side, helped like-for-likes at group level swing to a 4.4% increase from a 6.6% fall a year before.More To Come?These positive signals explain why Reach's share price has exploded in recent times. It's up 173% over the past 12 months. Yet that rock-bottom forward earnings multiple suggests that the publishing giant is still too cheap in light of its fast-improving profits outlook.There's much for income investors to like about Reach at current prices, too. Right now the FTSE 250 firm's 4.3% dividend yield for 2020 smashes the broader UK mid cap average by almost one-and-a-half percentage points. And thanks to its formidable balance sheet and improving earnings picture, shareholders can likely expect annual payouts to keep on marching higher beyond 2020, too.I believe, despite those monster share price gains of late, that Reach still provides plenty of upside right now.
someuwin: Shares Mag yesterday did recommend taking profits on RCH. But only because it has risen 50% since they tipped it last month and they want to lock in profits. I'm keeping hold of mine as I think there's a lot more to come here. "...There has been no news since our article on 5 December to justify the strong share price performance – up nearly 50% – but even after such an impressive move the stock remains one of the cheapest on the UK market."
Reach share price data is direct from the London Stock Exchange
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P: V: D:20200927 05:13:33