Bullish coverage on Master Investor for REAT11 Mar 2024 09:03
Https://masterinvestor.co.uk/equities/small-cap-catch-up-time-reat-eman-and-foxt/
"REACT Group (LON:REAT) ā Ready To Be Swept Away
In my Profile on this leading specialist cleaning, hygiene, decontamination and contract cleaning business on 12th February I made a concluding comment about the 1,067,648,507 shares in issue.
I clearly stated that ā
āIt would be sensible if moves were made to lose the current āpenny shareā status, that could give it more investor credibility ā which it certainly deserves.ā
The shares, which I classed as a bargain for new investors, were then 1.25p, they have since been up to 1.50p, that was before yesterday morningās announcement which I consider will go a long way to gaining the Ā£15m valued group so much more credence.
The group has now proposed to consolidate its share capital with the aim of improving the marketability of its shares.
If approved, this measure will give 1 new share for every 50 currently held.
That will see the number in issue reduce following the consolidation to just 21,352,971 shares.
We will look to the AGM on Thursday 28th March and the groupās latest Trading Update for further comment on the current year Outlook.
The shares closed last night at just 1.38p."