Reach plc – a warning of the dangers of “stronger than historic H2 weighting of profit”
By Steve Moore | Wednesday 11 January 2023
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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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