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Pin to quick picksReact Group Share News (REAT)

Share Price Information for React Group (REAT)

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Share Price: 73.50
Bid: 72.00
Ask: 75.00
Change: 0.00 (0.00%)
Spread: 3.00 (4.167%)
Open: 73.50
High: 73.50
Low: 73.50
Prev. Close: 73.50
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Sunday share tips: React, DiscoverIE

Sun, 11th Feb 2024 17:12

(Sharecast News) - The Financial Mail on Sunday's Midas column sounded an upbeat note on shares of React, the cleaning specialist.

According to Midas, the shares "should go far under turnaround veteran Mark Braund".

The company specialised in dealing with extreme situations, such as cleaning up after accidents, dealing with sewage escapes after towns are flooded or with hazardous chemicals.

Braund began advising React in 2019, when its shares were changing hands on less than 0.5p. He went on to be named chairman in 2020.

Since then Braund had overseen the acquisition of two businesses with significant recurring revenues.

React's latest full-year results were impressive too, with sales up by nearly half and profits more than doubling, Midas noted.

Furthermore, Braund's aim was to more than double profits over the next three to five years with profits increasing alongside.

"React Group is a small business in a big market so there is plenty of room to grow," Midas added.

"Braund and his team have shown they can deliver results, they have attracted support from large investors and the shares, at 1.25p, should prove rewarding."

The Sunday Times's Lucy Tobin told readers to buy shares of DiscoverIE, labelling the electronic components manufacturer as a "future-proofed sweet spot".

Tobin said that the company was set to benefit from the long-term shift towards automation, the dominance of renewable energy and the increased use of artificial intelligence by the healthcare sector.

"Use this short-term share price wobble to buy DiscoverIE;" she said.

The tipster also noted Berenberg analysts' positive views on the outfit's M&A strategy, saying that it had been stellar, in so far as it had given it a footprint in the niche market for electronic components which was still exceedingly fragmented.

DiscoverIE's forward price-to-earnings multiple of 16 was also well below its historic average of around 24, she observed.

Nonetheless, she conceded that the company's sales looked set to remain subdued "for a spell", given that the order book provided only five months' visibility.

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25 Apr 2024 11:36

React Group backs annual guidance on robust first half performance

(Alliance News) - React Group PLC on Thursday touted the strength of its pipeline, as it expects to meet annual expectations on the back of a strong first half.

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25 Apr 2024 08:02

React H1 revenues grow, EBITDA surges

(Sharecast News) - Cleaning firm React Group said on Thursday that revenues and profits had both grown in the six months ended 31 March.

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4 Apr 2024 14:34

React Group secures three big contracts

(Sharecast News) - Cleaning, hygiene and decontamination service provider React Group announced the acquisition of three significant contracts, collectively valued at over £1.3m annually, on Thursday.

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4 Apr 2024 13:10

React says three new contracts demonstrate demand and opportunities

(Alliance News) - React Group PLC on Thursday announced a continued trading momentum, as it noted new contracts.

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28 Mar 2024 13:44

EARNINGS AND TRADING: Northamber loss widens; Ethernity contract boost

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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21 Mar 2024 14:59

UK shareholder meetings calendar - next 7 days

Friday 22 March 
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Monday 25 March 
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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.

Read more
6 Feb 2024 14:18

EXTRA: React hails "impressive" results as earnings more than double

(Alliance News) - React Group PLC on Tuesday said it was "delighted" by its "impressive" set of full-year results, crediting a strong client base strengthened by recent "cash generative" acquisitions.

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6 Feb 2024 08:45

React swings to profit as acquistitions boost annual revenue

(Alliance News) - React Group PLC on Tuesday said it swung to a profit in financial 2023, as its revenue jumped.

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2 Feb 2024 16:07

UK earnings, trading statements calendar - next 7 days

Monday 5 February 
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Renishaw PLCHalf Year Results
Virgin Money UK PLCTrading Statement
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Ashmore Group PLCHalf Year Results
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Smurfit Kappa Group PLCFull Year Results
UK Commercial Property REIT LtdTrading Statement
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Anglo American PLCTrading Statement
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British American Tobacco PLCFull Year Results
Compass Group PLCTrading Statement
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SSE PLCTrading Statement
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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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12 Dec 2023 11:54

IN BRIEF: React Group hires new finance chief from end of January

React Group PLC - Birmingham, England-based cleaning, hygiene and decontamination firm - Appoints Spencer Dredge as chief financial officer, effective at the end of January. Incumbent CFO Andrea Pankhurst will step down from the board at this time and assume the part-time role of finance director within the company. Dredge joins from AIM-listed SmartSpace Software PLC, which he joined in March 2015 as CFO before becoming chief operating officer.

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10 Oct 2023 10:33

React wins contract extension with 'major university'

(Sharecast News) - Cleaning outfit React Group has been awarded a contract extension to provide maintenance, cleaning and hygiene services within the education sector for an unnamed "major university".

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10 Oct 2023 10:16

React Group shares rise on contract extension with "major university"

(Alliance News) - React Group PLC shares were boosted on Tuesday, after it said it has won a contract extension with an unnamed "major university."

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6 Sep 2023 11:43

React shares enjoy boost on new contract valued at GBP500,000

(Alliance News) - React Group PLC on Wednesday said that it has signed a contract to provide regular window and signage cleaning services to an "established" store chain.

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6 Sep 2023 11:02

React Group wins two-year contract with UK variety store chain

(Sharecast News) - Cleaning, hygiene and decontamination service provider React Group announced on Wednesday that it had secured an initial two-year contract to offer regular window and signage cleaning services to an expanding, unnamed variety store chain in the UK.

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