Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. CEO & Director Piers North was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 19
Reach plc to Report First Half, 2026 Results on Jul 22, 2026 Reach plc announced that they will report first half, 2026 results on Jul 22, 2026 Announcement • Mar 05
Reach plc Proposes Final Dividend for the Year Ended 31 December 2025, Payable on 29 May 2026 The Board of Reach plc proposed a final dividend of 4.46 pence per share year ended 31 December 2025(2024: 4.46 pence). The final dividend, which is subject to approval by shareholders at the Annual General Meeting on 6 May 2026, will be paid on 29 May 2026 to shareholders on the register at 1 May 2026. Announcement • Mar 04
Reach plc, Annual General Meeting, May 06, 2026 Reach plc, Annual General Meeting, May 06, 2026. Announcement • Sep 04
Reach plc Announces Wais Shaifta Will Step Down from His Role as Non-Executive Director from 31 October 2025 Board of Reach plc announced that Wais Shaifta will step down from his role as Non-Executive Director of the Company from 31 October 2025. Announcement • Jul 25
Reach plc Declares Interim Dividend for 2025, Payable on September 19, 2025 Reach plc declares an interim dividend of 2.88 pence per share for 2025 (HY24: 2.88 pence per share). The interim dividend for 2025 will be paid on September 19, 2025 to shareholders on the register on August 15, 2025. Announcement • Mar 05
Reach plc Announces Change of Chair of the Remuneration Committee from 1 May 2025 Reach plc announced that Barry Panayi, Non-Executive Director, will assume the role of Chair of the Remuneration Committee from 1 May 2025. Barry has been a member of the Company's Remuneration Committee since 13 October 2021, and will succeed Olivia Streatfeild, who has been Chair of the Remuneration Committee since 1 July 2021. Olivia will remain a member of the Board and its Committees and will continue to fulfil her role as Non-Executive Director. Denise Jagger will assume the role of Colleague Ambassador with effect from 1 May 2025, which has been a role held by Olivia Streatfeild since March 2019. Announcement • Jan 15
Reach plc to Report First Half, 2025 Results on Jul 23, 2025 Reach plc announced that they will report first half, 2025 results on Jul 23, 2025 Announcement • Oct 14
Reach plc to Report Fiscal Year 2024 Results on Mar 04, 2025 Reach plc announced that they will report fiscal year 2024 results on Mar 04, 2025 Announcement • Mar 20
Reach plc to Report First Half, 2024 Results on Jul 30, 2024 Reach plc announced that they will report first half, 2024 results on Jul 30, 2024 New Risk • Mar 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 41% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.4% net profit margin). Reported Earnings • Mar 05
Full year 2023 earnings released: EPS: UK£0.068 (vs UK£0.17 in FY 2022) Full year 2023 results: EPS: UK£0.068 (down from UK£0.17 in FY 2022). Revenue: UK£568.6m (down 5.5% from FY 2022). Net income: UK£21.5m (down 59% from FY 2022). Profit margin: 3.8% (down from 8.7% in FY 2022). Revenue is expected to decline by 3.2% p.a. on average during the next 3 years, while revenues in the Media industry in the United Kingdom are expected to grow by 4.1%. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Announcement • Mar 05
Reach plc, Annual General Meeting, May 02, 2024 Reach plc, Annual General Meeting, May 02, 2024. Agenda: To consider approval of final dividend. Announcement • Oct 10
Reach plc Provides Earnings Guidance for the Year 2023 Reach plc announced that it remain confident of meeting profit expectations for the full year 2023. Announcement • Oct 01
Reach plc to Report Fiscal Year 2023 Results on Mar 05, 2024 Reach plc announced that they will report fiscal year 2023 results on Mar 05, 2024 Upcoming Dividend • Aug 03
Upcoming dividend of UK£0.029 per share at 8.9% yield Eligible shareholders must have bought the stock before 10 August 2023. Payment date: 22 September 2023. Payout ratio is a comfortable 73% but the company is not cash flow positive. Trailing yield: 8.9%. Within top quartile of British dividend payers (6.2%). Higher than average of industry peers (3.2%). Reported Earnings • Jul 26
First half 2023 earnings released: EPS: UK£0.015 (vs UK£0.081 in 1H 2022) First half 2023 results: EPS: UK£0.015 (down from UK£0.081 in 1H 2022). Revenue: UK£279.4m (down 6.1% from 1H 2022). Net income: UK£4.60m (down 82% from 1H 2022). Profit margin: 1.6% (down from 8.5% in 1H 2022). Revenue is expected to decline by 2.5% p.a. on average during the next 3 years, while revenues in the Media industry in the United Kingdom are expected to grow by 6.2%. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Jul 25
Reach plc Approves Interim Dividend for 2023, Payable on 22 September 2023 Reach plc's Board has approved an interim dividend for 2023 of 2.88 pence per share will be paid on 22 September 2023 to shareholders on the register on 11 August 2023. New Risk • Jun 18
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 26% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (366% cash payout ratio). Large one-off items impacting financial results. Upcoming Dividend • May 04
Upcoming dividend of UK£0.045 per share at 8.8% yield Eligible shareholders must have bought the stock before 11 May 2023. Payment date: 02 June 2023. Payout ratio is a comfortable 44% but the company is paying out more than the cash it is generating. Trailing yield: 8.8%. Within top quartile of British dividend payers (5.8%). Higher than average of industry peers (3.1%). Reported Earnings • Mar 09
Full year 2022 earnings released: EPS: UK£0.17 (vs UK£0.009 in FY 2021) Full year 2022 results: EPS: UK£0.17 (up from UK£0.009 in FY 2021). Revenue: UK£601.4m (down 2.3% from FY 2021). Net income: UK£52.3m (up UK£49.4m from FY 2021). Profit margin: 8.7% (up from 0.5% in FY 2021). The increase in margin was driven by lower expenses. Revenue is expected to decline by 2.1% p.a. on average during the next 3 years, while revenues in the Media industry in the United Kingdom are expected to grow by 5.2%. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Board Change • Mar 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CFO & Executive Director Darren Fisher was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to UK£1.03, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 15x in the Media industry in the United Kingdom. Total loss to shareholders of 25% over the past three years. Announcement • Jan 12
Reach plc Provides Earnings Guidance for the Fiscal Year 2022 Reach plc provided earnings guidance for the fiscal year 2022. The Board now expects operating profit for fiscal year 2022 will be below the current market consensus by mid-single digits %. Announcement • Jan 11
Darren Fisher to Join as Chief Financial Officer of Reach Plc, Effective from 1 February 2023 Reach plc announced that it confirms that new Chief Financial Officer, Darren Fisher, will join the business effective from 1 February 2023. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improved over the past week After last week's 16% share price gain to UK£1.11, the stock trades at a trailing P/E ratio of 5.5x. Average forward P/E is 14x in the Media industry in the United Kingdom. Total loss to shareholders of 10% over the past three years. Recent Insider Transactions • Dec 26
CEO & Executive Director recently sold UK£142k worth of stock On the 19th of December, James Mullen sold around 157k shares on-market at roughly UK£0.91 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. James has been a net seller over the last 12 months, reducing personal holdings by UK£43k. Recent Insider Transactions • Dec 02
CFO & Director recently bought UK£55k worth of stock On the 25th of November, Simon Fuller bought around 47k shares on-market at roughly UK£1.18 per share. This transaction increased Simon's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Simon's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improved over the past week After last week's 16% share price gain to UK£1.06, the stock trades at a trailing P/E ratio of 5.2x. Average forward P/E is 16x in the Media industry in the United Kingdom. Total returns to shareholders of 24% over the past three years. Upcoming Dividend • Aug 04
Upcoming dividend of UK£0.029 per share Eligible shareholders must have bought the stock before 11 August 2022. Payment date: 23 September 2022. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 7.5%. Within top quartile of British dividend payers (5.1%). Higher than average of industry peers (2.3%). Reported Earnings • Jul 27
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up UK£34.8m from 1H 2021). Profit margin: (up from net loss in 1H 2021). Over the next year, revenue is expected to shrink by 1.3% compared to a 10% growth forecast for the industry in the United Kingdom. Recent Insider Transactions • May 12
CEO & Executive Director recently bought UK£99k worth of stock On the 6th of May, James Mullen bought around 81k shares on-market at roughly UK£1.23 per share. This was the largest purchase by an insider in the last 3 months. This was James' only on-market trade for the last 12 months. Upcoming Dividend • May 05
Upcoming dividend of UK£0.045 per share Eligible shareholders must have bought the stock before 12 May 2022. Payment date: 10 June 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.6%. Within top quartile of British dividend payers (4.6%). Higher than average of industry peers (2.6%). Reported Earnings • Mar 02
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: UK£0.009 (up from UK£0.086 loss in FY 2020). Revenue: UK£615.8m (up 2.6% from FY 2020). Net income: UK£2.90m (up UK£29.6m from FY 2020). Profit margin: 0.5% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Revenue missed analyst estimates by 100%. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 39% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 05
Upcoming dividend of UK£0.028 per share Eligible shareholders must have bought the stock before 12 August 2021. Payment date: 24 September 2021. Trailing yield: 1.4%. Lower than top quartile of British dividend payers (3.9%). Lower than average of industry peers (2.1%). Reported Earnings • Jul 29
First half 2021 earnings released: UK£0.11 loss per share (vs UK£0.008 loss in 1H 2020) The company reported a soft first half result with increased losses and weaker control over costs, although revenues improved. First half 2021 results: Revenue: UK£302.3m (up 4.0% from 1H 2020). Net loss: UK£34.8m (loss widened UK£32.4m from 1H 2020). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 73% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • May 06
Upcoming dividend of UK£0.043 per share Eligible shareholders must have bought the stock before 13 May 2021. Payment date: 04 June 2021. Trailing yield: 1.9%. Lower than top quartile of British dividend payers (4.1%). In line with average of industry peers (2.1%). Reported Earnings • Mar 18
Full year 2020 earnings released: UK£0.086 loss per share (vs UK£0.30 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: UK£600.2m (down 15% from FY 2019). Net loss: UK£26.7m (down 128% from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 40% per year whereas the company’s share price has increased by 39% per year. Analyst Estimate Surprise Post Earnings • Mar 05
Revenue beats expectations Revenue exceeded analyst estimates by 0.4%. Over the next year, revenue is forecast to decline by -1.8% while the Media industry in the United Kingdom is not expected to grow. Reported Earnings • Mar 02
Full year 2020 earnings released: UK£0.086 loss per share (vs UK£0.30 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: UK£600.2m (down 15% from FY 2019). Net loss: UK£26.7m (down 128% from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 40% per year whereas the company’s share price has increased by 38% per year. Is New 90 Day High Low • Feb 25
New 90-day high: UK£2.46 The company is up 76% from its price of UK£1.40 on 27 November 2020. The British market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£4.31 per share. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improved over the past week After last week's 17% share price gain to UK£2.23, the stock is trading at a trailing P/E ratio of 15.4x, up from the previous P/E ratio of 13.1x. This compares to an average P/E of 25x in the Media industry in the United Kingdom. Total returns to shareholders over the past three years are 286%. Is New 90 Day High Low • Feb 02
New 90-day high: UK£2.09 The company is up 69% from its price of UK£1.24 on 03 November 2020. The British market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£4.50 per share. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improved over the past week After last week's 23% share price gain to UK£1.77, the stock is trading at a trailing P/E ratio of 10.9x, up from the previous P/E ratio of 8.9x. This compares to an average P/E of 20x in the Media industry in the United Kingdom. Total returns to shareholders over the past three years are 166%. Is New 90 Day High Low • Jan 07
New 90-day high: UK£1.77 The company is up 129% from its price of UK£0.77 on 09 October 2020. The British market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 28% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£4.91 per share.