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Reach plc – a warning of the dangers of “stronger than historic H2 weighting of profit”

In October I noted on newspapers and digital publishing company Reach (RCH) “Q3 revenue -1.9% YoY, argues “stronger than historic H2 weighting of profit””. Today though, on a Q4 trading update, the shares are currently more than 27% down to below 80p. So what’s happened?

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Reach (#RCH) – Q3 revenue -1.9% YoY, argues “stronger than historic H2 weighting of profit”

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Reach (#RCH) – “revenue currently trading ahead of full year expectations, enabling digital investment”

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A News Outfit Unfairly Hindered by Covid Looks Set for a Better Future

Hello Share Bungers. I’ve just wasted most of a day researching a company to put before you. However, I became increasingly uncomfortable about the outfit because of one or two things it publicises that I’m uneasy about. So let me suggest you take a look at another company instead. It’s called Reach (RCH). I’m a little biased towards this lot as, being a hoary old hack, I like to encourage the art of print journalism.

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Reach (#RCH) – 4 months to 25th April revenue -3.1% YoY

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Reach (#RCH) – FY adj. EPS -13%, DPS +70%

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Reach (#RCH) – 5 months to 22nd Nov revenue -13.9%, “continued to generate healthy levels of cash”

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Reach (#RCH) – Q2 revenue -27.5%, strategy update & “regrettably, these plans involve a reduction in our workforce”

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Reach (#RCH) – trading update, including April “revenue fall by 30.5%”

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Reach (#RCH) – further “cost mitigation measures” including cancelling dividend