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Hi Woody, you’re welcome mate. All risk and anything can happen but that’s what we do!! All the best too mate.
@jamesmaggs. Thanks for your help. Looks like you and Mary will take an easy 10%.
All the best.
This one has always been a volatile share,even back in the days when it was trinity mirror! Year range says it all, traded it a few times over the years and in for a few this morning around 79, add dilemma sixties,sell dilemma 105/110 depending on confidence of the divvy going forwards. GLA
Probably Paddy
will they do a DLG & pull the divi?
Come up my radar as well Mary.
Regards
Been following this one for a while & nearly bought in on the last plunge into the 60s. The recent rise was a bit bizarre here IMO & now a profit warning RNS. Will jump in for a few sub 70 which i'd expect it to go to over the next few days. Seems to have held up quite well at the moment!
took 1st tranche sub 80p (5k) looking for a 10%+ return or more if I hold long term.
attracted by the oversize fall - any views welcome as I do not follow this stock.
I remember trading good old MGN and did not realised this was owned by Reach.
the circulations seem sound so presumably it will end with a bid or a recovery.
These look tempting sub 80p.
Jim is out of his depth has failed to push subscription of digital without ads . 3 million quid for these results the entire major share holders are keeping him there . Is this all about the pension fund (turnaround) and a take over bid .
Of the five analysts logged as covering Reach stock, four are ‘buyers’. The consensus price target is 230p. so there is there a quick bounce back by end of month I think so.
https://www.proactiveinvestors.co.uk/companies/news/1002943/reach-shares-tumble-30-after-daily-mirror-publisher-sounds-the-earnings-alarm-1002943.html
FOR GOD'S SAKE JIM YOUVE HAD LONG ENOUGH just like a few previous wanna be media MD's time is up. either Subscriptions now or the board need to remove him
Singer also claiming in their note this morning that "Management execution remains strong"... so I'd assume Jimbo has a good relationship with them and they do what their told like good little brokers... whilst they wait for a big fat take private fee... only after he's trashed the price by continual underperformance....
30% fall today today now 80p
On today's RNS profit warning = Shares of Daily Mirror publisher slump as weak ad revenue dents profit outlook.
Since buy below on 6th May 2022 below at 121p they continued to fall bottoming at 70p 29th September 202 .
Back up to 119p 29th November 2022.
apparently, Singer have just put out a research note with a TP of 200p.
Not ideal.
A few wrong-footed here.
As Peter Tosh once said, "you've gotta pick yourself up, dust yourself down, and start all over again..."
I would settle for £5. Just saying.
Totally agree the SP is gathering momentum. I'm expecting a takeover but at what price? Must be at least £4 but could be far higher if there are several predators. Is £10 impossible?
Already own this but have increased my holding by 1/3 today. There just seem to many positives:
Very low PE
High yield
Digital growth (including positive news posted below)
Expansion in the US (a big deal!)
Discounted share price, compared to 1, 2or 3 (whichever you choose) years ago
Apparently napped as share for 2023 by Momentum Investor (can't confirm this as requires subscription but a few posters here and on ADVFN have commented on it)
Share price seems to gathering momentum (in line with improved market sentiment) this year
This looks a genuine multi-bag opportunity. GLA.
Have been looking at RCH as potentially interesting but have a couple of thoughts/ comments to run by you if youve been following them a while, which it looks like you have
(a) Digital growth has stalled - they were claiming in the July trading call its due to to reduction in advertisers not wanting to be seen online near Ukrainian war news, but that isnt really convincing me along a more widespread digital advertising slowdown Im seeing across the industry (classic recession/ impending recession advertising behaviour). Any hearing/ seeing any other colour on this since its hugely important for them to dig their way out of the print decline
(b) you're correct about pension liability reductions across the board with higher fixed income yields and discount rates, but when I looked in detail at RCH's pension asset composition, there is a scary volume of Liability Driven Investments - the notorious derivative instruments which nearly blew up the UK Pension industry in September. Pension funds were exposed to huge losses form this but I dont see any public comment on this from the company - maybe someone on this has seen company commentary on this somewhere - ideally stating that they didnt have an issue with it?
Would be great if someone could comment on these two points if you have any additional intel?
Apparently there has been a £400 billion recovery in pension values in UK since interest rates have gone up. Hopefully Reach have gone into a surplus to rid itself of the Maxwell legacy. And turn a profit.
UK 12 million subscribers US may have 8 million by June 20 million jointly. A £6 pm charge for ad free and monthly prizes and reckoning 3 million join and subscribe equalls £216.000000 million a year, that's being conservative , if they don't capitalise someone else will. These shares are so undervalued, and once the potential is seen and with no debt the dividend could be astronomical. All IMHO. £6 -10 easy
Press Gazette November info
https://pressgazette.co.uk/media-audience-and-business-data/media_metrics/most-popular-websites-news-uk-monthly-2/
Reach regional sites dominated the list of fastest-growing newsbrands in the UK for the second month in a row, taking four of the top ten spots, according to Press Gazette’s ranking of the 50 biggest online news names.
Apparently Rch have been Napped for 23, to potentially enhance your wealth greatly.
https://pressgazette.co.uk/publishers/digital-journalism/reach-social-brand-curiously/
Hitting a new age group, In UK, and of course can be replicated over the pond. I'm looking forward to the pension legacy finished with and a subscription service. Sit back and hang in there. Seasonal Greetings Dyor
This article shows the potential in the Reach invasion of the US. https://inews.co.uk/news/media/british-press-establishing-america-websites-2035458
total sense. No wonder ceo never sold all our free shares gifted to him. The company is a different animal than a year ago, the fun starts in January when the 3 US site's go live. Probably get 12 million subscribers in 3 months if their sport's coverage is top notch. That's a lot of eyeballs so can charge the advertisers more. Personally, although miffed that there's no ad free option, but when it's offered to 24 million punters and only 6 million takes the 5er month offer. That's £360 mprofit straight to the bottom line, this share is going to turn out to be a dream. And no pension deficit to pay down. A 10x bagger from here is well possible. Dyor
As in previous years DYOR . Think this will return to at least £1 by end of Dec then upwards toward divi expectations then onto £1.34 plus and who knows back to high of £ 3 , Think the pension will be sorted very soon and will look very nice indee d
Thought about it but decided RCH was on an upward trajectory! So many lost opportunities for such a cash cow! Better Management would swiftly turn this around. Will buy more if it hits a new 52 week low.
You posted answering, so why ask me to do it when it's obvious you are better equipped, then please share.