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As I said in the months prior , still time to drop to below 85p then the big turn around late Sept/ early November for me top get back in big time. GLA
Up to 1,100 journalists out, two days in August, two days in September, plus two days of work to rule. Not happy with Mullen and Fuller for letting it come to this.
Pension Deficit down, less use of paper in Manchester more digital, still no subscription offer.
13% rise in a couple of days and yield still 8% (ish)
M&G just raised their stake to 14%
Still dirt cheap and MASSIVE upside potential.
Looks like all those weak holders who got triggered out simply freed up stock that is being bought again rather easily. Expect this to be back 100 plus very soon.
Looking like an income stock now with 9% (ish) yield well covered after pension payments.
Nice yield with MASSIVE upside potential.
This has to be dirt cheap (hopefully).
They've made such big rod for their own backs with that payout as its an invitation to shareholder revolts and strike action to add to all the other challenges. It's a well unionised business and NUJ members are not going to accept 3 per cent while the management have taken 600 per cent. That said, in spite of management complacency on this, this is a very resilient cash generative company which knows how to adapt and will rebound when the wider market outlook improves. The divi is looking inviting again so I will definitely picking up more. The only question is when. I would much rather see cash used to settle this wage dispute than on buybacks though. Industrial action is an underplayed risk to shareholder value as newspapers run on an enormous amount of goodwill and targets won't be met without it. Even work to rule would be disruptive.
£4 million, are they bleep demented, sack them today, not worth a 20th of that figure. Bob was caught stealing the pension. These 2 have destroyed shareholders value, with no ideas how to garner more income with 11 million subscribers. That fancy education and degrees puts them out of touch with thinking on your feet. Share buyback 10% of the company and cancel the shares, that will show they can lead. Institutions need to give the 2 some remedial help to get the papers on track.
I've been caught out here... but a ridiculous 28% drop (as I write), on top of recent declines, has ironically transformed RCH from a high multiple growth stock into a high yielding value stock, and that's no bad thing in the current climate.
I'll hold for eventual recovery - the well-supported div helping me to be patient.
I hate the way they bury the bad news in these RNSs. - lower advertising revenue and lower net cash - buried
Looking a bit oversold today, print will recover when micro climate improves.... Divi still being paid 6% return. So a hold for me at the mo.
To get sp that high they would need to generate sufficient profits, but unfortunately current profits (as per today's report) might not be sufficient to get there (unless there's consistent growth). But results do show some positivity.
I still think if the management don't get the share price above £2.75, it's leaving us susceptible to becoming a tasty cheap morsel for the likes of Future who have stated they are after a newspaper. Could be the reason the directors jacked up their pay, so will get a good payoff, by the new owners. Now it's come up with a better algorithm technology makes it even tastier. If the pension deficit has gone to surplus, and a doubling of the interim could well go back to £4 in sharp order.. That's all without subscription for ad free experience and small monthly £3k lottery.
https://www.adweek.com/media/reach-recommendation-tool-ai/
U.K. publisher Reach plc, which operates more than 130 news sites including The Mirror and Manchester Evening News, announced Monday the commercial debut of a content recommendation tool. Called Neptune Recommender, the product uses machine learning and first-party cookies to serve visitors targeted suggestions for further reading.
Internally, the tool aims to lift advertising revenue across the Reach plc portfolio by increasing page views and dwell time. Here, it’s already seen gains—the tool accounts for 40% of the media company’s page view growth this year, according to group digital and innovation director Terry Hornsby. The publisher declined to share the financial impact of the product, which was developed internally by a team of five.
Reach plc also plans to make Neptune Recommender available to other publishers, in some cases charging a revenue share from the page views it generates.
The launch comes amid a larger push from publishers to improve the targeting capabilities of their contextual offerings, as the looming deprecation of third-party cookies promises to render obsolete the practice of serving personalized ads based on browsing history.
“Trending has its place in the world, but the web is greater than that,” Hornsby said. “We’ve got to be relevant for people for the long term rather than just in the moment—and that’s what this product has achieved.”
Reach announce voluntary redundundacies is this the indicator interim is going to look negative but good to see their going to take action.
Shorters getting out good sign? still not back in quite yet but if this holds around £1 - 1.05 by next weeks results .Im in again big time . GLA
revenue in the first four months of 2022 was 0.9% lower than in the same period last year, while digital revenue growth slowed to 9.3% from 25% in 2021 due to the war in Ukraine reducing average yields on digital advertising. Print revenue fell by 4.2%.
https://pressgazette.co.uk/reach-redundancy-round/
The shorters are reducing as well. They must be clued up otherwise they would stay put. IMHO
Tide may change soon if the deficit is a surplus, it unties the management's hands re the dividend, which in reality should be about double where it is now. And with oil going down should help the whole economy. So advertising will pick up. Dyor
What to make of the new push into youth content they've announced. It feels like dad dancing to me. Is the plan to go up against YouTube and TikTok? Because young people don't pay for this type of content. Reach sites have enough fluffy stuff as it is - whose ad spend are they trying to chase, not Boohoo/Nasty Gyal surely? Just feels to me like they run the risk of alienating those readers who would pay for quality content by dumbing down further. Are they going to do yet more recruiting of cheap young graduates to produce this or are they expecting old hacks to switch from writing about court cases to talking about TikTok? From the union activity you don't get the sense staff will take well to yet another change in strategy. Plus it's going to take serious spend to make this work and Fuller is tight. Would much rather see them focussing on monetising the huge audiences they already have by charging for quality content but maybe that's just me. Interested to know what other holders think?
https://www.reachplc.com/news/2022/david-higgerson-promoted-to-executive-committee
Shorters adding fuel to the fire what with inflation the war the strikes not RNS updates not looking good , the shorters are having a field day . someone need to come out and say we going to charge for digital subscription to halt this drop we need positive news and fast . DYOR but can see this moving back up in Sept again fingers crossed.
Too busy lining his pockets along with Fuller. They have the threat of industrial action to deal with now too. And why wouldn't they? Taking 600 pc and asking staff to take 3 pc in this climate is a recipe for trouble.
Shorters will be whacked if they don't exit ASAP.
Always a little concerned about these shorters topping up always implies they gonna give it a push , but it is still hold around 1.08 1.10 maybe come back in later in September once its bottomed out , unless of course the war comes to a rapid end Pension looking better DYOR GLA
https://forum.quidisq.com/t/reach-rch-pe-of-3-vs-pension-deficit/90/17
The projections are very interesting and the company could be awash with cash even without thinking out of the box,
Hopefully the board once the triaxial pension negotiations are done can galvanise the assets they have with thinking out of the box . Otherwise a bid will materialise as the current sp is so depressed that even a £2.75 bid would succeed. Will the the real Jim please stand up.
You'd think they'd be buying back shares at this price, especially as the pension deficit must be reducing at a rate of knots, and the cash pile building up, unless there's plans in place for a American PE takeover planned. STILL nothing on a subscription option with monthly prizes. Nothing fresh to create activity, and publicity for the group. Disappointed is not the word.