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Chris Mills was speaking at Mello this week and was keen on Carr's and Eckoh where Harwood are building stakes. (I hold both and will be adding)
This was reported on Stocko by one of the subscribers who's interest was raised to a point where they have decided to start a position in Carr's. He/she is a prolific contributor on Stocko so this could lead to spreading the word and getting more interested. The more the merrier I say.
You may already be aware that Stuart Widdowson of Odyssean (part of the Harwood stable) often sings the praises of XAR and bought another 1% only a couple of weeks ago taking Odyssean to over 15%.
XAR seem to be a perennial disappointer but Stuart has kept buying. It will be interesting to see if Odyssean buys more after today's RNS and subsequent drop. Maybe Harwood can find someone to buy XAR.
Firstly, nice to see Dowgate increasing their stake again today. They’ve done their research and like what they see.
React have an impressive list of major shareholders with the recent slight reductions by Helium and Harwood a bit of profit taking/fund redemptions probably - to be expected and of little concern
Why I contacted Mark:
To discuss analysis of the company by Paul Scott last week on Stocko after I contacted him to get his views on last week’s pleasing trading update (and hoping to highlight React as a company of possible interest to Stocko subscribers)
Although Paul thought the update looked good with a strong rise in profits, upbeat commentary and the chart showing good progress over the last 6 months (rising from 1p to 1.6p) he voiced concerns with regards to React’s ability to make more acquisitions without either issuing more equity (at a cheap price) or taking on debt.
(He also noted liquidity issues and that it might be a good idea for React to do a 100:1 share consolidation to give the company more credence)
To be fair to Paul he was pressed for time, was only able to have a quick look and so he may not fully up to speed with what’s happening at React. Anyway, after mulling Paul's comments over the week-end I felt the need to contact the company to get their comments before having another go at championing React on Stocko.
Mark was very generous with his time and we a had a good chat noting some items missing from the analysis such as the cash being generated by React (which could be used to fund or help fund future acquisitions), the 20% like for like organic growth, minimum requirement for any future acquisitions to be earnings enhancing, accretive and strategically meaningful etc.
There’s still a job to be done here but they are on with it and I my current intention is to stay invested for the long term.
Also, Mark keeps an eye on the bulletin boards but he won’t respond on the boards (which is as it should be)
Hi Bob,
Yes, called Mark this morning and had a very nice chat (had his grand daughter with him gurgling away in the background which was very amusing) I'll write more probably this evening but have to rush (building an extension and concrete is due shortly)
I emailed Mark Braund this afternoon and he responded almost immediately asking me to call him to discuss. Pretty impressive I thought. I'll aim to call him mid-morning tomorrow (Monday). Let me know if you have any sensible questions and I'll add them. (short notice I know)
Paul Scott has just reviewed today's results on Stocko giving REC a Green rating. In summary to his in=depth review, he feels the drop has been overdone saying that this could be a good entry point (which I'm pleased with as I bought in on the drop this morning!) GLA