Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Nice - the buyback programme has stepped up a gear, with 800,000 shares bought back at 56.1p:
Https://uk.advfn.com/stock-market/london/ra-RAI/share-news/RA-International-Group-PLC-Transaction-in-Own-Shar/83113884
well, this required a week for move. I expected this beginning this week. I think we should have few days sp move up any time when buy back programme get some shares. This is very good time to be in here! RAI has very strong financials.
Another $20m contract likely in the bag over the next two years. Starting to motor now:
Https://www.investegate.co.uk/ra-intnl-group-plc--rai-/rns/appointment-as-preferred-contractor/202008200801366983W/
https://www.stockmarketwire.com/article/7045312/RA-International-secures-new-60m-two-year-contract-with-energy-client.html
RA International secures new $60m two-year contract with energy client
13 August 2020 | 09:39am
StockMarketWire.com - Service provider to remote locations RA International has been awarded a contract with a large engineering and construction firm focused on the oil and gas sector, which will run for two years and with an approximate contract value of $60m.
The company said that under the terms of the new contract, it will provide integrated facilities management services in Southern Africa and that activity will ramp up over time, with full service provision expected to begin shortly before the first anniversary of the contract award.
RA International said the new contract supports a significant increase in its order book to $188m.
Chief executive Soraya Narfeldt said: 'This is an important contract win for RA International that underlines the strengths of our business and our growing reputation for managing and delivering large, complex projects for commercial clients in the energy sector.'
Got in here at 0.56 and have now read all the previous RNS sounds like and exciting company and with just ovwr 80% locked in thia could be a belter in 2-3 years with a good Divi and growth plan in place
Thanks for link @cautionyourblast. Good viewing.
In the video she was talking about 10million contract. It was on Feb 2019. Now, they have just signed 60million contract. That indicates how good they are doing. I am expecting similar kind of multi-million contract near future.
The free flot shares are very limited 80%+ owned by CEO and COO. PIs have less than 10% (around 6%)
Holder Percent
Soraya Narfeldt 55.2
Lars Narfeldt 24.2
Jupiter Asset Management Limited 6.02
River and Mercantile Asset Management 3.11
Repost from February. I think she extremely impressive here.
“I guess everyone here has watched it, but I thought this prez to be a good intro to the business.
https://m.youtube.com/watch?v=ArhzvOGW03M”
Barchart gives 100% Buy. Will see today. I expect this will fly on Monday..
Polinvest _ I was in same boat as you, saw the RNS and jumped in with minimal research but saw what I liked but the more I see and find out the more I like this one.
...and this company pays dividend. Last year 1p per share, this 1.25p.
God to see RAI picked out and highlighted, which will hopefully bring in further buying interest:
https://www.thisismoney.co.uk/money/markets/article-8625051/MARKET-REPORT-Shares-surge-Dignity-price-cap-plan-buried.html
"Stock Watch - RA International
Outsourcing minnow RA International inked a £46million two-year deal to provide services to an engineering group that focuses on oil and gas.
RA International will be in charge of facilities management – which can include doing laundry, supplying food and cleaning – for the unnamed company in Southern Africa.
Shares in the AIM-listed business, which also sets up refugee camps for UN agencies, surged by 19.1 per cent, or 8.8p, to 55p."
Thank you, parm!
Posting for others what @cautionyourblast's summary from Feb 9th. Good one cautionyourblast.
--
This is a fascinating one I bought last week: these are some very high level notes - some of which is obvious stuff. Market cap GBP69m, 2,000 employees.
79% owned by wife (CEO) and husband (COO) team. It does construction, facilities and supply chain & logistics mgmt in places such as South Sudan, Somalia, Mozambique and the CAR, also a bit of middle east. So it looks like "barge pole" material, but...
Pros
1. Founded 2004 and has geographical diversity in its projects and is expanding its regions and countries.
2. The management team are ex-NGOs and international development bodies. I suspect this is their life's work. They take modest salaries for directors of a listed company.
3. Barriers to entry in the areas they operate are very high - great as competition for tenders (especially by experienced parties with a proven track record) will be low. Presentation says competition is much larger companies who bid much higher prices.
4. Clients include the US & UK govts, aid agencies (eg UN), NGOs and corporates. High quality counterparts - credit risk managed.
5. Listed for about 18 months, now have liquidity and structure which allows them to tender for bigger projects.
6. Significantly growing their "revenue backlog": It's USD166m at last report, up from USD119m. This is their pipeline. Quite how scientific this is, I am still trying to ascertain.
7. Targeting bigger, longer term contracts with services revenues.
8. Prior year PE is 6. Very low for a growing company with a cash pile an a decent contract pipeline.
9. Cash pile at 31 Dec 18, USD26m (29% of market cap).
10. Dividend yield 2.5% more than three times covered. Expected to increase.
11. CFO bought GBP60k's worth in Dec 2019.
12. Price/NTAV = 1.5.
13. Revenue growing.
14. Institutional shareholders are in (despite the huge ownership by management.
15. Management highly aligned with other shareholders, but see A below.
16. Take sustainability and integrity seriously. Good... and also, this will be good for winning tenders too.
Cons
A. No control at all by IIs/PIs given founders own 79%.
B. Key man risk on founders.
C. Geographies in which they operate, but they are diversified.
D. Potentially lumpy contract awards and potential delays could make for lumpy revenues and volatile earnings.
E. Interims showed margin under a little pressure, but recent update suggest revenue marginally ahead for 2019 and earnings "broadly in line" with expectation.
F. Share liquidity given tightly held.
Surely they'll plan to grow it and sell it?
Constructive thoughts most welcome.
@cautionyourblast you can add some more 'Pros' now. Please update!
My 9 Feb summary is still relevant should you care to read...
To be fair I never heard about RAI and made quick research first thing on the morning when RNS published. This is healthy company with good profit and pays dividend higher every year. We are also in middle of share buyback programme. I see this company will be approaching 1 GBP later this year. Asking myself how did I miss this one here? Where is the catch?
It looks like RAI is really safe heaven with good forecast. I also think that market did not 'consumed' the today's RNS yet. We may wait until Monday for 0.70+ sp.
@Franco, RNS will be released if they hold any market sensitive information and needs to be in public. If they have won the contract or lost the contract should be informed to the shareholdrs within some number of hours. Otherwise, they will be voilating the regulartory rules. If its still in progress, they don't need to publish.
About announcing during the buy back programme, isn't good for LTH? New contract definetly pushes the price up.
RAI is during the share buy back programme. Can someone try to explain me who the hell publish major new contract award in the middle of share buy back programme???
124k buy just pop up.
This seems to just to start move today afternoon or tomorrow when news start to circulate. Monday will also be good. Such substantial contract value vs. mcap will not stay unnoticed for long.
Its undervalued. MarketCap is £100 million. Contract iteself is $60 million. This contract award supports a significant increase in order book to USD 188 million.
tree shake and first hour over i see another 40% rise in this today
Vindicates those who’ve been here a while. I’ve no intention to sell.
Newcomers: please read my post of 9 February for a summary. Also, there’re video interviews online with the CEO which I think shows management’s capability and integrity.
Great news, wonder which oil company this is for, this is clearly prior to FID hence no mention of the company, Total in Uganda maybe?