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Agree it's positive news for shareholders.
Great news for shareholders. Following on from recent contract news (especially the mid September RNS) and the recovery from the Palma Mozambique terrorist attack, the company is giving us a positive sign that it intends to resume paying dividends to shareholders. This is a strong recovery buy IMO as the company revenues and cash flows are set to increase and dividends funded. As a precursor to that the purpose of the capital reduction exercise will be to increase distributable reserves which can then facilitate dividend payments. DYOR and IMO
Yes agree, SP will double/treble from 4p to 12p!
Market Cap less than net assets, plenty of cash in hand, costs under control, lessons learned and a hefty pipeline of work including government contracts. Hopefully the SP will find its way to at least double or treble what it is now.
The scope of each Lot is as follows:
Lot 1 themes:
1 - Preventing, managing and reducing violence
2 - Strengthening and protecting inclusive politics and civic accountability mechanisms
3 - Stabilisation and state resilience
4 - Human security provision and security actor reform
5 - Access to formal, traditional and transitional justice
6 - Women, Peace and Security
7 - Climate Change, Biodiversity Loss and Climate Security
8 - SOC, Environmental Crime, Illicit Finance and Corruption
9 - Media Development and Outreach
Lot 2 themes:
10 - Counter Terrorism
11 - Counter Violence Extremism
12 - Strategic Communications
Lot 3 themes:
13 - Defence Training and Advice
14 - Provision of non-lethal equipment
15 - Defence services
The upper value limits of each Lot are:
Lot 1 - £1,650,000,000 (£1.65 billion)
Lot 2 - £600,000,000 (£600 million)
Lot 3 - £750,000,000 (£750 million)
Conflict, Stability and Security Fund (CSSF) (2023 [Tender Notice] (bidstats.uk)
Description
The Conflict Stability and Security Fund (CSSF) will be procuring its next generation framework agreement in early 2022. The CSSF is a cross-government fund, with an annual budget in the region of 500 000 000 GBP, which delivers and supports activity including but not limited to security, defence, peacekeeping, peace-building and stabilisation activity, using both Official Development Assistance (ODA) and non-ODA funding. Further information on the CSSF's work and its impact is available in our Annual Report
(https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attac...)
The new framework will be in place by June 2023 and will include suppliers who are able to meet the requirements of a wide variety of CSSF Programmes in support of National Security priorities and objectives. This notice is being published to maximise market awareness of the opportunity. The opportunity is being run via a restricted process under the Defence and Security Public Contracts Regulations 2011.
The opportunity is open to all organisations who are interested (or may be interested) in being part of the replacement CSSF framework, and their supply chains.
This includes existing market operators, potential new entrants and organisations who may be interested in participating jointly through membership of a joint venture or consortium. The framework will be re-procured via the Foreign, Commonwealth and Development Office's e-procurement portal: https://fcdo.bravosolution.co.uk.
The CSSF Commercial Team want to ensure that all suppliers have an equal and fair opportunity to join the Framework. Suppliers will be required to pass the Pre-Qualification Questionnaire (PQQ) stage, which will be released during May 2022, and second stage Invitation to Tender (ITT), scheduled for release in October 2022.
The burden of proof remains upon suppliers to provide sufficient supporting evidence to the UK government, that it has the right capability and capacity to meet the CSSF's needs. The CSSF Commercial Team will work closely with CSSF Programme Managers at British Embassies/British High Commissions/British Consulates as well as in Cross-Whitehall Departments to ensure that colleagues across the CSSF are confident that it is both easy to use and robust. The Framework will be divided into three Lots.
Https://x.com/theunsophistic2/status/1703858321894035827?s=46&t=4s-AQzZhMmeWz3Ire1AEsA
Tg group, would be nice to get some experienced heads in there
They've been battered and bruised over the last couple of years by events you could argue were out of their control. I've been a big fan of the business and delighted to see some positive news...if they can just move back towards profitability then it should fly but until then I think investors will still be nervous although the latest RNS is a big step back in the right direction.
This is massive compared to contracts won earlier in the year. Contract value of up to £375m over 2 years with a market cap before the news of around £30m. Also no new funding needed it seems. The SP has plummeted in last 2 years because of the company’s prior exposure in Palms Mozambique and the terrorists attacks re Total Energies, as such RA took a bath on irrecoverable costs but all that is now in the rear window. The free float of shares on AIM is around 18% of total issued shares in the company so the SP could rocket. Unless I’m completely missing something this is a strong recovery Stock from here. IMO and DYOR
RA International Group PLC (AIM: RAI), a specialist provider of complex and integrated remote site services to organisations globally, is pleased to announce the award of a strategically significant new contract with the UK's Foreign, Commonwealth and Development Office (FCDO). The minimum two-year global framework agreement will see RA provide operational support capability funded through the Conflict, Stability and Security Fund (CSSF), commencing 18 September 2023.
The services which RA will most likely provide will be funded from a sub-lot allocated to the CSSF valued, in aggregate, at a maximum of GBP 375m (over 2 years). They relate to "providing and delivering operational and technical equipment to organisations in hostile environments in a Human Rights compliant manner", and include the following sub-themes:
RA International FY21 presentation by CEO, COO, CFO on 30.5.22. Very comprehensive and they answered all questions
Video: Https://bit.ly/RAI_fy21
or podcast
Https://piworld.podbean.com/e/ra-international-rai-full-year-2021-results-presentation-june-2022/
CEO Soraya Narfeldt, COO Lars Narfeldt and CFO Andrew Bolter will present full year 2021 results followed by Q&A.
Monday, 30 May, 11:00am
Join us here: https://www.piworld.co.uk/events/
Fingers crossed the February update wasn't too far off the mark.
Well that's an awful RNS this morning. They had to say something given previously saying late April, but releasing a note saying they don't yet know when results will be is pretty bad. It clearly implies a lack of control, and for a company the size of RAI five months or more for results prep also implies something wrong with accounting practices.
Oh dear.
Not encouraging that they said late April and we only have one day left for that to be true. Releasing results on a Friday is normally seen as a no no too, so next week at the earliest.
So this appears to have bottomed out and settled at 24p a share or so. Market cap has taken a hammering, but I am not sure one bad year against a background of bad years for everyone makes this a bad company. I am going to take a punt here and buy back in.
As a counter weight, i sold all my position in early Jan when it became apparent that the multiple contracts that were suggested were in the bag for December, hadnt been won. And the "exciting news" was just a website revamp..
Im sure im not the only one who sold on this info!.
Also, for a while now simply wall street had been forcasting 2021 to be a lower revenue and profit year. I dont know where they get their analyst estimates from though.
Parthias,
I have to say this looks like a pretty clear cut case of some inside trading. Since early Jan (when company insiders would have known the full year performance) volume has increased significantly whilst the share price has fallen sharply. My original post was questioning this already visible sharp drop on no public news.
I think maybe this one needs a note to the FSA.
What cash burn? Underlying EBITDA 7m , net debt of only 1m with 9m of cash at hand. I don't see a placement yet, not least as it would reduce the ownership percentage by the CEO.
I think it is interesting that commercial contracts seem to not be delayed so much as not happening. The statement is a little confused, like there are contracts that have not materialised leaving inventory on hand unused. Switching back to government work is suggesting the move into the private sector was a bad one, but surely thats all about timing. If the pandemic does wind down this year then surely those private sector contracts would be up for grabs again?
Its an odd statement for sure.
and extraordinarily complacent commentary by ceo...not reactive; but clearly so lol
placement coming??
Disappointing, hopefully the drop in price will focus their minds. Oh well.
Well there's the reason. That's frustrating that no previous hint has been made but someone obviously knew.
Pickled Peck - Yes it is a strange share.
Lack of updates and small amount of transactions make this share price volatile on very small amounts of trades. I like the fundamentals of the business and have a large (for me) holding. I am hoping it will rerate in March/April with filing of year end accounts.
Company makes money, has cash, pays dividends and has some very good contracts for future work and looks to have good management in place. Fingers crossed my faith in the company pays off. DYOR
I see a couple of volume spikes, presumably an ii exit rather than anything else?
No significant RNS, this looks like it is doing its almost annual cycle again, which in turn implies that this is now back to being very under valued.
Strange share this.