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Interesting! Buys?!?
'Meet the company' invites out for the results: 10/02 @ 12pm
These are due out next Tuesday, I believe. Hoping for a real good bounce in sp , if as expected, a major improvement on '21 results, which were decent. Onward and upward - hopefully.
No the last placing was done in April 2022 & it raised £5.4m at a price of 1.2p. In May 2022 the company bought Laddersfree for £8.5m using the proceeds from the placing. The share price has been under 1.2p since
Solid, dull, low risk company. hard work and there will always be business to be won. Money to be made here and I am in at 1p looking to double this year. Went a bit mad during Covid but this is back to a decent price. Will never be a star but thats ok. .
PM67 are you suggesting that another placing is in the offing?
It will be good psychologically to brake 1.2p as this was the level of the last placing.
Good to see a 500,000 share buy just now at the full 1.2p offer.
Looks to have broken upwards out of its recent trading range chart-wise?
Just FYI my buy is shown as a sell
My guess is this is Pizza Hut who seem to have 338 outlets according to the web. So that is likely a lote of shop frontages on the hard pressed high street. How long before other chains get the idea to do one national contract rather than using management time to organise local window cleaners? Good news for growth I hope. They will also be in there for unusual high street cleanups too. Cross selling growth potential.
I've now slightly reduced the EPS numbers I quoted earlier as Singer's Sept'22 numbers are now slightly less than they were when they issued their initiation note last year, so the EPS must have reduced accordingly (they're rounded on the front page, which is the only one available on Research Tree).
They now have what looks like a forecast 0.1p EPS for the year ended last September, with a £0.8m PBT, which is forecast to rise to £2.2m PBT this year with say 0.15p EPS.
That's still a P/E of only 7.5 at 1.125p.
Singer Capital's target price is now 1.5p "to reflect updated peer group ratings" which have presumably fallen dramatically over the last year or so (and so nothing to do with REAT).
Which seems incredibly cautious given that they forecast 0.14p historic fully diluted EPS to last September, and 0.16p EPS to this September. That's a P/E of only 7.0 at 1.125p.
Singer themselves state there's "scope for the price to exceed this level" given "the M&A strategy and opportunities to grow LaddersFree ahead of our forecasts".
REAT is unlikely given its sector to achieve multiples of say 20 unless they achieve a sustained record of impeccable growth and acquisitions.
But given the overall strong record of the "new" management team in growing PBT and EPS since they took over, a multiple of 7 looks very undercooked imo - a current year P/E of say only 12 would see the share price at around 2p, i.e almost double the current price.
Happy new year everyone. And a good start to 2023 for REAT, with a significant two year contract for a major fast food chain, worth a very nice £0.8m this financial year to 30/9 alone. Presumably for a full year this would bring in around £1m+.
Great to see the win resulting from cross-selling via the LaddersFree acquisition - hopefully more to come:
Https://uk.advfn.com/stock-market/london/react-REAT/share-news/React-Group-PLC-Contract-Win/89912264
OT : very strange posts below. 250p - I wish :o)) I suspect some decimal points have got mixed up....
When one clicks on the link Ripley provided for news on Reat, it does not appear there, or if one 'searches' for it. Could be a case of Ripley getting into the festive season drinks cabinet a little early.?
hello ripley94 when was this share 250p?
This was a 250p share!!!! Gadzooks. Must have had a T/O in the 100s of millions. WTF happened. Did it have a prior trading name, went bankrupt and out of the ashes rises REAT?
Came across this advise in 30th June 2022.
Just shows "no one knows nothing " regarding shares AIM shares even more so .
I bought these back on 30/6/2021 paying 2.7p they were half that by 30/12/2021 @ 1.4p
Buy the time of this article 8/6/2022 they were 1.13p by 18/10/22 0.78p.
Today 1.06p
The Best AIM Shares to Buy Now in 2022 - Investing Reviewshttps://investingreviews.co.uk
React Group is one of the most exciting companies on this list, as an innovative, specialist cleaning company.
From cleaning hotels, cruise ships, and private hospitals, to prisons and crime scenes, React Group firmly embodies the logic that while it may be a dirty job, someone has got to do it.
Long-term investors will likely feel somewhat let down by performance of the company throughout the last decade or so, as the share price has tumbled from upwards of 250 pence to a length period as a penny stock, where it still sits as of 30 June 2022.
React’s illiquidity means it’s not one for traders. But, with healthy projected earnings, promising balance sheets, steadily increasing revenue, and a truly unique service offering, the stock could potentially add some much-needed sheen to your portfolio.
Source: Moneyweek
When I saw the red dot by the RNS release I was thinking about those 'leaky' sells the other day. And what do we get, a very positive RNS, already alluded to. Results for last year reprted on 33 Jan. Why so long, 4 months, for a co. ith small T/O. I know A/cs have to be audited, but most auditors, that's pick 3 sheets at random, and check the validity. A few days work. lol.
Singer Capital Markets retain their 2.5p target and Buy.
They see 0.1p EPS for the year ended last September, rising to 0.15p EPS for the current year - a P/E of only 7.2 at 1.075p.
In summary they say (note the year end error as it's September, not December!):
"React has issued an update, confirming it has continued to trade strongly since its year end update. Q4’22 was especially strong and this has continued into the current year. There is strong contract win momentum across all divisions and this underpins the Board's optimism over the outlook for the current year. Our forecasts are unchanged and we continue to view a Dec. ’23 P/E rating of 6.7x as undemanding for a defensive business with high recurring revenues and an attractive margin profile. We therefore remain at Buy."
Today's trading update is very encouraging.confirming "especially strong" trading across the group.
LaddersFree in particular is roaring ahead. It achieved £1m turnover in 3 months, whereas annual turnover was £3m in the two years prior to acquisition, i.e turnover is already up 33% pro rata in only 6 months post-acquisition.
Fidelis continues to perform well, and React has continued its "strong recovery".
The closing comments are very positive:
"We are therefore pleased that trading in the last three months of FY22 and into the current financial year, has been especially strong across the Group. All divisions continue to win a broad spread of business providing positive margin contribution and cash generation as well as providing long term income and underpinning future performance. This positive start underpins the Board's optimistic outlook for the current financial year.
Commenting on the trading update Shaun Doak, Chief Executive Officer of REACT, said:
"Our teams in all divisions continue to work hard to secure new profitable contracts and build sustainable growth and longer-term predictable income across the Group. The key to our success lies in the high-quality services we provide to our customers, and we will continue very much to ensure that this remains the case. I look forward to reporting further positive progress as our financial year progresses."
Is this the same group of people selling, who were buying before the latest RNS release. If we get a poor RNS, then a a leaky company.
Could today's volume be directors buying again
Nice - 338,000 shares just bought at 1.18p, well above the published 1.15p offer price. Keen.
Cheers testpack3. Amusing that the word sp..se is asterisked out!
It's been reported that you can sell 1 million shares online, but can't even get a quote for 10k. Looking good for more rises on that basis.
Well done rivaldo in attending meet., and adding to sp**** numbers.
Thanx for the synopsis. Onwards and upwards.