George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Great to hear in the presentation that REAT will be working with Allenby to produce forecasts in the next month.
Also:
- net cash is now "substantially higher" than the £0.3m at the half year - even before the £1.16m (net) from the fundraising
- REAT have continued to trade "very strongly" since the half year
- COVID-19 is opening up cross-selling opportunities, increasing the pace of introductions into companies which would otherwise have taken a lot longer
- companies in the FM space have in the last week been making workspaces fit for purpose, and a number of clients have been in discussions as to how to cope with a second wave of COVID-19
Thanks Gidget,
I look forward to listening to that. This is a rock solid defensive growth stock -- there aren't many of them about!
Webinar this afternoon should be very intreasting.
GL.
The company is doing really well in my opinion the share price is not built into the sp.
Above 2p should be the sp.
If a company changes it's fortunes around and is growing at a fast rate it's worth a punt or long turm buying on dips .
By the end of the year would not suprised me to be around the 3p.
Gla
I'd hope that in time React move to FinnCap. They have some pretty good analysts. One in particular is **** hot. Isn't the webinar this week?
- revenues are up 32% year on year
- this despite getting rid of a number of low margin or messy contracts
- which has led to a big increase in margins year on year
- nthis is the maiden profit for the company, in the first period where the new management team have really got to grips with the old, unprofitable business
- the £7.3m m/cap now includes around £1.5m net cash as well a profitable business
It'll be interesting to see the effect a new contract win or two have on (a) the share price and (b) the results to 30th September given the beneficial impact REAT have confirmed they're experiencing from COVID-19.
The news has been priced in for a while remember the sp jumped from 0.002p to current price and the revenue is not that much higher than last year. In addition this is not a pump and dump stock anymore so you will see less swings. I had the same frustrations with Hardide which at 1p was mind boggling at the time as it was making profit. But I stuck to my guns on that. You will see many good penny stocks that are in profit not being pumped as these are value stocks to hold on to. I think react slowly will get there. They just need to prove they can sustain the growth and it was not a fluke to current situation with Covid
Allenby have already issued a 15 page Initiation note this morning:
Http://www.allenbycapital.com/research.html
They don't yet feel able to produce forecasts ofr the year to 30th September, which seems extremely over-cautious given we're now almost in July and we know REAT are doing well.
Especially given the confidence radiated generally:
"A bright future in prospect – The Group reports that the second half has started well and is confident of delivering a performance ahead of expectations, including a full year maiden profit. With a heightened awareness of the importance of cleanliness and hygiene together with strong operational gearing within the business, we consider that the future for REACT is very positive and further investment in sales and marketing are likely to bring rich rewards."
I particularly like this extract:
"Much more can be done to provide additional services to existing customers as well as expanding the customer base further and this can be accommodated without a corresponding increase in the cost base so the impact on operational gearing and profit is likely to be substantial"
And:
"we foresee a very positive outlook for the Company in terms of organic growth going forward and which over time could be supplemented by suitable bolt-on acquisitions."
The interims show a company growing nicely, with turnover, margins, profit and prospects on the up even before the beneficial impact of COVID-19, which really only helped the last couple of weeks in March.
The conclusion says it all:
"The second half of the year has started well, with good trading across key sectors, especially healthcare, rail and facilities management. We remain confident of delivering a performance ahead of management expectations for the year to 30 September 2020 including a full year maiden profit."
REAT now has probably around £1.5m net cash and rising, and it's good to read that:
"Our activities are not capital intensive and, on an underlying basis, are cash generative"
And as we saw from the last investor meeting, "We believe there is opportunity for material growth amongst a number of both large and medium sized organisations, many of whom are already customers."