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RE. R.e.a. Holdings Plc

73.50
1.50 (2.08%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
R.e.a. Holdings Plc LSE:RE. London Ordinary Share GB0002349065 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  1.50 2.08% 73.50 2,314 16:35:02
Bid Price Offer Price High Price Low Price Open Price
72.00 75.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Chemicals & Chem Preps, Nec USD 208.78M USD 27.78M USD 0.6318 1.14 31.65M
Last Trade Time Trade Type Trade Size Trade Price Currency
14:47:51 O 2,314 73.60 GBX

R.e.a (RE.) Latest News (1)

R.e.a (RE.) Discussions and Chat

R.e.a Forums and Chat

Date Time Title Posts
22/4/202413:48A quite Palm Oil producer259
22/9/202108:22REA Holdings - chart161
03/3/200517:19REA - one to watch-

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R.e.a (RE.) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-24 13:47:5273.602,3141,703.10O

R.e.a (RE.) Top Chat Posts

Top Posts
Posted at 24/4/2024 09:20 by R.e.a Daily Update
R.e.a. Holdings Plc is listed in the Chemicals & Chem Preps, Nec sector of the London Stock Exchange with ticker RE.. The last closing price for R.e.a was 72p.
R.e.a currently has 43,964,000 shares in issue. The market capitalisation of R.e.a is £31,654,080.
R.e.a has a price to earnings ratio (PE ratio) of 1.14.
This morning RE. shares opened at -
Posted at 16/4/2024 10:43 by cousinit
Some context, I would expect any change in quantity to be reported as a PDMR transaction:

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1. Details of the person discharging managerial responsibilities/person closely associated
a) Name Emba Holdings Limited
2. Reason for the notification
a) Position/status Person closely associated with Richard
Robinow - a Director of R.E.A. Holdings plc
b) Initial notification/Amendment Initial
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction
monitor
R.E.A. Holdings plc
a) Name

213800YXL94R94RYG150
b) LEI

4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place where transactions have been conducted

Warrants to subscribe ordinary shares in the
Description of the financial instrument, type of instrument capital of R.E.A. Holdings plc
a)
Identification code GB00BLDRQN99


Purchase
b) Nature of the transaction

Price Volume

25.5p 1,100,580

c) Price(s) and volume(s)




Aggregated information
n/a

d)
Aggregated volume
Price
6 December 2021
e) Date of the transaction

f) Place of the transaction London Stock Exchange (XLON)
-----------------------------------------------------------------------------------------------------------------------
Posted at 16/4/2024 09:10 by ntv
Not sure your statement is correct
A lot of shares have changed hands in the last couple of days or so
Surely a pref share holding would be listed separately
Though it states it on the doc but i don't think they ever issued one to include pref share voting rights
Posted at 16/4/2024 08:46 by cwa1
Major holding announcement:-
Posted at 18/3/2024 09:42 by cwa1
Closing has taken place and all immediate financial settlements have been made:-



Preference share arrears to be paid in full:-
Posted at 25/1/2024 15:32 by nobull
Oh dear, a bit of rent stripping going on by the locals: we are just there to facilitate it. What a surprise.

"Once MCU has formally acquired all of the substantive licences required for the exercise the sand mining rights, pursuant to the terms of the joint venture agreement between KCC and the current shareholders in MCU, KCC will proceed to subscribe a 49 per cent interest in the enlarged share capital of MCU."
Posted at 11/1/2024 15:16 by nobull
No, but a trading update will be due soon and we are going to report a loss according to FactSet for 2023. I am disappointed we will have a huge diversion of profits in future years to the non-controlling shareholders, but maybe the group as a whole can negotiate better interest rates on its bank debt, given the injection of much needed cash from the minority interests. The replanting backlog must be huge now.

They might report a new loan repayment stream from the stone business but repayment of the coal loans can't be proceeding other than at a very slow pace with coal at approx. $130,I wonder, but we do have lower bankruptcy risk going forward, assuming the sale in the last RNS completes successfully.

I think our hosts have so many levers to control our rewards, which is a problem. Nice to see our share price rising for a change.
Posted at 02/11/2023 19:03 by pbaker
It really is difficult, no management team wants to put themselves out of work. Though for shareholders you would think the management team might try to sell the entire business? Though the statement does make it sound like the asset buyer is not asset stripping but buying a far flung asset that was a plantation to far for the current team. Time as always will tell. I hope as wiser heads read these announcements the share price will continue to inch higher rather than down.
With the potential cash coming into the business, rather than waiting to buy the loan notes at par they might try buying them in the market for less?
Though in the run up to this deal they sold more loan notes at below par?
Posted at 02/11/2023 17:28 by nobull
Wigwammer, hi
The pref arrears are an off balance sheet 'debt', I think, although technically they don't have to pay such a debt like an interest payment, but, as you know, the prefs are cumulative, so the failure to pay the pref divs catches up with them in the end.

My take on today's transaction, without properly understanding it, is that masses of share price upside has been lost in return for making the business easier to run and at less risk of going bust. Whether that's a good thing, I am not so sure. The leverage ratio maybe is improved, but future eps are going to be diabolical after the loss of so much of the estate to the non-controlling shareholder.

Before today's announcement, the analyst at Panmure Gordon had massively slashed the eps forecasts, which was no doubt responsible for the share price plummeting from the £1 mark to 50p or whatever. Yesterday, he was forecasting a loss of about 9p a share for FY2023, with a return to profit in FY2024. I expect he will have to revise his forecasts now, and I don't think they will look pretty. Yes, I like the fall in net debt, but I don't like the loss of so much of the estate at what looks like firesale prices: $8,000 a hectare, but wiser heads maybe think it was the right thing to do. ATB.
Posted at 26/6/2022 16:48 by nobull
Dandigirl, hi
Further thoughts?
Economically mineable coal = 400,000 tonnes
Mining rate = 30,000 tonnes per month
Production cost per tonne = $110
Coal shipped as at annual report date = 94.5k tonnes.
No. of shipments made at same date = 3 (3 x 30k tonnes)
No. of shipments remaining to be made to mine all the coal = 10
Estimated time to mine the rest of the coal = 10 months
Expected completion date: 31st March 2023
Profit generated by the remaining 10 shipments = 30,000 tonnes x $200 x 10 shipments = $60m
IPA shares this $60m thus: 70% for itself and 30% for the contractor doing the mining. IPA's share is therefore $42m

Debts owed by IPA to REA on the coal interests are probably $32m, although the loan is in the books at $29.5m due to a $2.5m write-down having been made in the last set of accounts.

My guess is the $32m will be repaid, not by the end of this financial year, but by the time the FY2022 accounts are published in April 2023 (the last few repayments being a post balance sheet event, I wonder?).

Since we don't have an equity interest in the coal mine (the Indonesian government prohibited that after REA bought its equity interest in the coal mine?), a sale of the coal interests therefore occurs when effectively our loan is repaid in full.

Yes, I hoped for an outright sale of the coal interests and an immediate repayment of the entire loan all in one go, but it obviously isn't going to happen: instead it looks like a sale by 10 more monthly instalments instead!

The thing I like about REA is the combined gearing (both operational and financial). When it works the right way, it has the power to rocket the share price. When palm oil prices are going the wrong way, the combined gearing of course will do the opposite. The market in REA ords maybe isn't that liquid, so that contributes to the share price volatility as well, I wonder?

I attribute the mega share price falls this week to the mega palm oil price falls, to our mega gearing, to the failure to have a CPO reference price that is close to the lower, actual palm oil price, and to the Indonesian Government insisting on a $200 export tariff (in addition to export levy and export tax) to disregard compliance with domestic market obligations, three of these factors resulting in us having a lower ex mill gate price this week (just temporarily) than last year's average, I wonder?

There does seem to be a clamour by small holders for the Indonesian government to make an unplanned change to the excessive deductions charged for CPO export e.g.



The consensus analysts' forecast shows eps of 24p for both FY2022 and FY2023 e.g.



PG has higher forecasts (29.5p and 30.2p). Anyway, if net debt falls $70m by say end of Q1 2024, a $7m saving in finance costs might give us an extra 10p in eps. I don't see why our share price shouldn't be £2.50 by then.

I think Russman is wrong to be calling for a restructuring of the balance sheet at this stage (doubtless he wants the prefs to get a large slug of the company, leaving the ords diluted out to hell, but it isn't going to happen - Ukraine and Putin have changed everything). Fingers crossed for £2.50, although I expect the journey there will be bumpy.

P.S. The same sort of calculations can be done for the stone interests, $16 a tonne being the sale price, and they have an awful lot of that e.g. 80m tonnes (not sure if I heard that right).
Posted at 23/6/2022 13:02 by nobull
"The period of strength appears to be receding. Wouldn't be surprised to see further share price falls in the coming days."

Yes, except net debt should fall to about $100m (from $170+m now) by early 2024, and if CPO prices stay broadly flat (note the backwardation on the palm oil price curve has recently almost completely disappeared, perhaps indicating palm oil prices are going to be around the $1,000 CIF Rotterdam level for quite some time, albeit our ex mill gate price will be a lot lower than that due to onerous export deductions regime - sure palm oil prices have come down a lot in the last few weeks - the reason for the share price fall?), and if the net debt falls mostly due to coal and stone loans being repaid, then it seems reasonable to just add $70m (for the debt repayment) to the market cap of £54m at £1.23p share price, giving a new market cap of £111m and a new share price of about £2.50p. Panmure Gordon has a target price of £4, but one should never get excited about analysts' target prices, I wonder, and of course we have a speculative risk rating. The share price is volatile, but it's maybe a matter of getting used to it and not worrying unduly about it. No, this is not a stock to bet the farm on. MPE is a safer one, but there will be less gain there, perhaps? JMV. DYOR. AIMO.
R.e.a share price data is direct from the London Stock Exchange

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