Market's view on Reach Plc
Published on April 2024
- A dividend of 4.6p is expected to be ex-dividend on 9th May.
- Observations indicate that smaller shareholders often sell their shares just before a price increase.
- Predictions suggest a target share price of 86p, with a significant uplift from the current price of 400p.
- A stock watcher has recently purchased 5000 additional shares.
- Positive expectations are set for the upcoming trading update on May 2nd, with a strategy to hold shares for 3-4 years to benefit from dividends.
- Lombard Odier Asset Management (Europe) Limited has increased their stake in the company from 5% to 10%.
- The company’s rich archive of materials is considered beneficial for artificial intelligence and machine learning applications.
- The market is perceived as undervaluing the company with a price-to-earnings ratio of 3.5 and a yield of 9.55%.
- Plans are underway to consolidate 300 journalists into a central content hub to drive traffic and reduce content duplication across Reach’s websites.
- Some stock watchers are taking profits due to uncertainty and quiet market conditions, while others see potential buying opportunities around 65p.
- In the short term, the target share price is estimated to be between 100 and 120 based solely on technical analysis.