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dont look good...
Expects to report earnings for 2017 below expectations, blaming terrorist incidents in London and Manchester which led to some live events being cancelled. Additionally, it has been involved in fewer new theatre productions. David Stoller, chief executive officer is to step down at the end of September.
stop being a **** graham :)
all clear after the last rns stabliised the price. Next one should start lifting it imo
I bought in on the rns. Risk reduced significantly now and business is doing well. Pnce the spread narrows, you can buy for 1.6, and a bit pf news ot should move imo. Two big name shareholders onboard.
In that case i'm going to short it :-)
There you go! Significant developments, just needs business progress news flow. https://www.shareXXXprophets.com/views/30478/r4e-very-good-news-on-the-banking-front-at-up-to-16p-buy
Reading between the lines here, looks promising. Surprised it hasn't moved higher. Needs a tip to wake people up imo.
Interested to find out the new CEO.
yeah will have to wait and see nothing else to do, long wait for me though :)
Good news RNS IMO. I believe Stoller has laid some solid foundations, however a more energetic, young and dynamic CEO could revolutionise R4E.
feck me chukkers, what's happening here. AGM next Tuesday, hopefully there isn't some in the know here! MCAP on current position is well low, but I await Tuesday.. Disappointing R4E at the moment for me.
good to know, i wish they would resolve the covenants issue they have, i dont understand why not make a different agreement, when the company knows their revenues are seasonally adjusted
Chukkers there will be a trading update on the day of the AGM, from what I have been told by the company.
in 2018, the results were as i expected, think people are not attracted r sold, cause they expected better than last year , but the profits for last year where from debt write off...so there you go :)
Yes 3p probably late 2017 at best, however 2p plus in the next 3-6 months is feasible.
agreed Craig - it will poke its head over 2p again after updates, but I feel 3 is a tad optimistic for 2017....
Talking to myself on this BB! I find it interesting looking at the shareholding below: HOLDER NUMBER OF SHARES IN WHICH BENEFICIALLY INTERESTED PERCENTAGE OF ISSUED SHARE CAPITAL Mr Nigel Wray 159,626,170 25.96% Gate Ventures plc. 148,050,000 24.07% Herald Investment Management 86,043,490 13.99% Stoller Family Partners LLP 30,579,924 4.97% Stephen Hemsley 22,365,556 3.64% Sticky money to me. I suppose next known news will be the AGM, and an associated statement on current trading next month. This this company is well undervalued and too much is made of the banking covenants, should be 2p levels IMO, and then over 3p once initiatives are hit, and targets met.
MCAP of £8.5m is very low here, this will go back up towards 2p, maybe above within 3-6 months IMO. Long term, 3p+ if milestones are hit as expected.
Another 125k for me.
itrue for 1.9 mil ebitda it is very low
£8.5m MCAP seems very low to me, this is below the placing price even from last year. The company seems on a strong footing, very tempted to buy some more and wait for the inevitable bounce towards 2p levels again.
results imo didnt expect much but hope people understand operating profit was down because last years debt write off of 5mil was the result of this exceptional profit :)
i see the biggest issue here is the possibility of breaching the covenants, even though clearly the company is expanding, they have stated in the rns that they may breac covenants due to seasonal fluctuations in revenue, funnily the lenders are pretty ok with that, guess they feel the same way as i do but a lot of people on advfn especially try to discourage people by telling them it might go into administration because of this... personally i dont see this happening, especially with the improved managment and the excellent trading update we received we still got news about jambot to wait for
bought today, could they be the tw's friends i keep hearing about ???