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Reach is cheap to buy but don't bet your house on David Monty(Python) gomery pulling it off and if he does the SP will plummet or he'll sell at earliest opportunity
12 million subscribers
Pension deficit probably in a substantial surplus
More cash in the bank than Nwor worth
Growing dividend
3 million subscribers £180 million a year extra profit. @£5PM
This Company will be stolen at less than £6.50or £7.50 a share
The board better play hardball and get the maximum Value for us even if its a buyout.
@Checkin - agreed, but hard to see NWOR pulling this off. Their market cap (£54.5m) is a less than 20% of RCH (£327m). They have a 74 year old executive chairman and an acting finance director appointed 7 weeks ago. Cash at even £1.80 a share is over £500m (I would be thrilled BTW as that is way above my average, although I think RCH is worth more).
But I can't see NWOR raising that on the debt markets, especially in the present interest rate environment. And if it is shares, then why would a shareholder accept?
GLA
GS
Nope but I did buy at 69p… so happy with a quid plus….B
Well that'll do it... bets on takeover premium/ price anyone?
Come on, get back above a quid you peddler of fascinating high brow news...
https://www.dailystar.co.uk/health/herb-extracts-can-help-increase-28379370
Friday Beer token sell off today. but not to shabby holding over 80p for a week now. But advertising looks to be down across the board Meta suffering big time .
That's OK it's your money, but a lot of people will cough up for the prize potential of the monthly draws. No rational person would go into a betting shop a Lose 2 k on a electronic roulette machine yet they do.
I certainly wouldn't want to pay for it in its current format.
I regularly read publications from various news outlets that use reach but really find it frustrating to click on an article to read to only have to click on a button to continue reading and then have the entire user experience decimated by poorly loaded adverts and scrolling. No amount of promise to remove said experience would convince me to cough up.
I often close the thing in annoyance. If I was an advertiser paying for this, I'd be asking are users seeing the ads from traffic or acting like I do and closing their browsers?
Disclosure: I currently don't hold a position. It is on my watch list though to look for improvements that could see growth.
Understood - I didn't appreciate the advert free piece, however I feel there is a difference between what content people are prepared to pay for and just general newsflow/ arguably some clickbait. And I think Reach are firmly in the less premium latter camp... That said - this is (like a few shares) very undervalued and if data is where its at then sooner or later the market will rerate accordingly
Never said a paywall as its not a smart move but ad free and monthly cash prizes is . And I'll bet 3 million would sign up. Because the UK folk love a flutter
Trouble is I don't think 3m of the 12m subscribe, they have probably done the math and the fact is the loss in revenue by hiding behind a paywall probably isn't compensated by the subscription.
Years ago Dixons were registering customers like Reach are and suddenly the market woke up to the fact, and it's shares soared. Once people recognise with a reasonable offering to the subscribers fo a £5 or £6 a month then even if 3 million out of 12 million registered people took it out, the money is straight to the bottom line, bar the weekly and monthly cash prizes. If its not a 10 bagger from here I'd be surprised. Just imagine the dividend especially if the pension deficit has turned into a surplus. HOPEFULLY this management team have got the street wise ability to see a fantastic opportunity. And start to monopolise it.
Target Been down graded again .Its life Jim but not as we know it. Get subs going.
Gardening leave tin tack?
Jim get with the plan mate
https://www.inpublishing.co.uk/articles/dc-thomson-daily-news-brands-hit-digital-subscriptions-milestone-21237
I expect my 5 million payment in reach shares...its really not hard to see the potential.
Totally agree: should smash £8! Old management vs. new technology - something has to give!
BT pension reported £11bn drop in value of assets (out of £57bn) . Same here . Dec21 pension assets were £ 2.6 bn& LDI was £0.9 by. In June 22 pension assets dropped to £ 2.0bn and LDI was £0.56 by, also a drop of 20% on total assets & reduction in LDI. Don’t know how the interest rate spike in sept/ oct impacted.No RNS.
Sounds like the government have finally realised that those they owe money too are now calling the shots.
ie 'You have far too much debt, we won't lend at cheap rates anymore, and if you don't start paying back your debts, the cost will rise (higher rates) and we might even stop lending to you'
The other potential incompetence is The BofE, they too may have to be brought into line and encouraged to unplug the printing machine they nicknamed QE.
Break out
Today we are moving up it seems. Seems a solid business here and surely with rising rates (higher interest rates are here to stay for a long while IMO) the pension deficit should reduce. This is how I've understood the problem with defined benefit schemes to be, mostly the very low interest rates on the gilts which make up a huge part of the portfolio (supposedly safe but never understood why as governments are generally terrible to lend to).
If this Dividend Yield holds the next few years, with decent profitability continuing, then this will have been a giveaway price, but as always SP's don't always move how I think they will or should be doing. The market and investors are a complicated thing.
Cookie, the biggest reason for the low sp is market concerns on the pension deficit. Reach has to pay £50-55m a year into the pension until 2027 - this means over half the expected profits will go into the pension for the next 5 years. The company was supposed to have a agreed a new pension payment schedule with the pension trustees by March 2021 - so far they have not been able to reach agreement. My view is that when the pension is revalued it will show a large surplus and because of this Reach are likely to want to reduce the annual payments - clearly not something trustees are likely to accept - hence the stalemate. The annual report of 2021 states that for every 0.50% rise in interest rates the pension deficit improves by £195m hence my optimism on the deficit. The annual report also says the deficit worsens by £31m for every 0.50% increase in inflation - clearly this is a negative but a much lower number than for interest rate rises. I think the lack of reference to the pension in the recent announcement can only be for good reasons - if it was negative news I would have thought the directors would be forced to mention it. IMO once agreement on the pension deficit is reached the share price should re-rate rapidly.
Well they have cleared their positions. Now all the com has to do is give 12000000 people an incentive really simple to start subscriptions £5 or £6 a month, with monthly draw and no ad option, everyone company is doing this now especially ITV, if 3 million subscribers and there is a good pension announcement this share should smash £8. Jim do a million Xmas draw and watch the subscriptions roll in. Or move aside.
Some huge off book trades going through this afternoon it seems the price is being held to fill an order expect TR1 shortly. The more I look at the fundamentals of this company the more I don't understand the share price !!
Am I missing something no debt, cash in the bank which will increase in the second half of the year paying a large dividend and a market cap of just £200 million. If someone more experienced on this share is able to provide more information I just can't understand the market cap.
Some large trades/buys today or is that the norm? Bought a few just in case it's around the bottom, but I have no idea what will happen next.
Should have said £5er a month, a week would be 800 millions now that would be better than s...ex