Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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I bought and sold these again when they were over 1.5, it’s a small company and the profits are small compared to most companies I can’t see a dividend been paid better to reinvest for higher growth later.
I bought in again on Friday as I didn’t realise they had fallen this low, if 1p or 1.1 p there isn’t much difference, with new contracts and the covid personally I can see a need for specialist cleaning in certain environments. I expect this is going to rise from here.
I did hold these and sold back in May. At these sp levels, funded and with a newish BoD that actually chases up payments this is a buy!
The sp makes no sense atm, I can only suspect that there is a seller. To be ebit positive h1 and with such a strong outlook the seller is offering a buying opportunity for the patient.
Unfortunately I am invested elsewhere and don’t want to sell to buy in. If however, they go sub 1p then I probably will. That’s not a deramp, it’s just personal view on ridiculous value!
Good luck to holders.
Trek
The medics I speak to think a 2nd wave is inevitable: https://www.express.co.uk/news/uk/1313203/coronavirus-news-cases-death-toll-covid19-infections-symptoms-cure-vaccine-pubs-boris
When (not if) that happens I expect that will drive a re-rating.
Think about all the hundreds of thousands of people jetting off to Spain and Greece. Only needs 1 person in a plane with Covid-19 and you'll have multiple cases as they are in such a confined space breathing same air. Then they go in swimming pools. with many others, lie on beaches, get ****ed etc.
Pubs re-opening is a bit mad if Govt really gave a damn - Maybe React should push for a Weatherspoon's contract.
In the near future I'd have like to see React provide consultancy services to some of their clients for a margin. Advise them on cleaning routines, the best hand washes etc. Also, soon they could make it clear that they intend to introduce a dividend "at the appropriate time" -- that would put a rocket under the price also as everyone will be searching for income in the days ahead as bond prices go negative.
I want to throw out an idea on the porch floor and see if the cat licks it up: is there scope to licence the cleaning brand overseas, for example in the US? The McDonalds/Pizza Hut of cleaning? Might be a year away but worth considering after we've grown and cemented UK markets.
Purchased again xx
I think REAT share price will bounce back soon. Business is doing well and that has to be reflected in the share price. Admittedly, Covid is a driver for a percentage of the cleaning business but that is a good thing as we're in an era where such demand will surely keep on growing. People are more aware of the importance of cleaning and that has to be a huge positive.
I expect spike in Covid cases to drive share price over next few months along with contract wins. Coronavirus seems to be here for a lot longer: https://www.essexlive.news/news/essex-news/essex-coronavirus-clacton-sea-harwich-4360775
Business is definitely progressing well. Moreover, with the pubs opening + a few million flying off in covid cubicles (planes) a 2nd wave of coronavirus is almost guaranteed. Schools and businesses have to step up their deep cleaning efforts for the forseeable future. My guess is that this could easily double by year end (with contract wins), provided stock market doesn't tank. Multiples on a 2-year timetable. A steady eddy to tuck away.
thanks, nims
excellent post
Hi jolly - that is the main reason why the sp is surpressed due to not being able to calculate future EBIT or even EBITA. For this year EBIT should be £100-£200k. But the issue is that is the income steam sustainable next year without the added covid 19 revenue. There isn’t enough evidence from the team to give any confidence around that. Albeit the fact that the company should turn a decent profit will allow them to seek other growth opportunities. I think this company will come good in my humble opinion as the revenue without the additional covid 19 has been sustainable and they are managing costs and receipts of payments well. I am still holding to 3p-4p sp by YE as all it needs is 2 new contracts and they are at £5m plus revenue with cash in bank not including the placing and RCF. All in all they are building a cash generative model which is a good thing.
you/we may have to have our fingers on the buy button...
1.30 +/- likely to be highly contested...and if they land a decent contract, game over
Note rivaldo says company working with Allenby to produce forecasts in next month....
Hoping for a toe dip back in @ sub 1.3 but poised.....
is v tempting
Any plausible projections for next few years' EBIT or earnings?