|many thanks elrico.
So he's another clueless small time punter with no clue...I think I will short R4E and back him rather than Nigel Wray who owns 26% and backed the raising...in topsy turvy world that would appear to be the right thing to do.|
|Apologies for off topic, but you should be aware! Anyone tempted to go to the self promoting bmichaelmouse - serial basher.
Here's what you won't learn from his guru skills.
Interesting spin, especially the topic of the share price. Remind us of your two darling "growth" investments on a 12 month view.
Avanti; THE FRAUD! 250p now 24.5p - by his own admission he bought at 170p and 120p and advised buying at 48,p. If you were brave, being his caveats.
Another of his growth stocks
Trakm8: The cash guzzler and creative accounting magician 360p now 153p. But to be fair, you got a maiden 2p divi. Shame it can't afford it. Isn't that the same trick a number of Chinese frauds use to sucker investors in!
But his favourite part-time is bashing TW related stock. Revenge for short advice on some of michaelmouse shares.|
|Michaelmouse, what is it you particularly do not like about this company?
Post after post, all negative, but not sure why?
This company appears to have a low mkt cap for a company that grew revs by 15% and pbt by 55%. Yes they have said that the second half will be more challenging, purely because there will be fewer shows launched, after a stellar H1.
The fact that the placing was done at a sensible level (rather than the huge discounts I have seen in aim-world of late), and finally, I always try and follow smart people.
Nigel Wray is a serial entrepreneur, and has been since the 1980's...I fancy if he is happy to back the management and back the business with his own cash, then it's good enough for me.
Clearly Michael you think you know better, so would love to know why???|
LOL. "The lady doth protest too much, methinks"
From the article above:-
"I just feel furious and dirty."
We all know you're just "dirty" Tom.
"There's a rat in mi kitchen what am I gonna do?
There's a rat in mi kitchen what am I gonna go?
I'm gonna fix that rat thats what I'm gonna do,
I'm gonna fix that rat."
All imho of course. All innocent mistakes from the virtuous Tom I'm sure.|
|Did you notice this from yesterday's report:-
"In September 2016, the Company reported a strong set of figures for the six months to 30th June 2016 and while the second half is expected to be more challenging, with fewer shows being launched, the business remains on track to meet expectations for the current year."
Second half more challenging!! In-line eh, let's wait and see.|
|Oh yes. All imho of course.|
|Incidentally, ADVFN released their results 21 October.
"On 19th May 2016 an agreement was reached to dispose of the business Investor Events Limited and was completed 30 September 2016. The proceeds of the disposal amounted to £40,000 and exceeded the book value of other related net assets and accordingly no impairment losses have been recognised."
It appears those 'investor shows' have been "binned-off" for the princely sum of £40,000. LOL.
I think it's called putting a safe distance between the company and "so-called" investor shows.|
|Well I did warn you all about this company and the pump merchants trying to create a false market in their shares.
Another proposed placing to raise £2m this time.
Take a brief look back at my posting history whilst these shares were well above 2p.
Just 6 days ago though, we had this:-
Draw your own conclusions. LOL.
|This all seems sensible to me; they something rarer than hens-teeth in Aim-world; a company with a sustainable business, with income that MAKES MONEY!!
With the debt under control, this raising (not undertaken at a HUGE discount) all seems sensible, and most importantly, the larger shareholders look like they are co-investing.
As I have said before, I prefer to follow smarter people than myself, and this I will do if I can pick any up bid-side.|
|26 October 2016
reach4entertainment enterprises plc
('r4e', 'the Company' or 'the Group')
Proposed placing to raise up to GBP2,000,000
r4e, the transatlantic media and entertainment company, announces its intention to undertake a placing (the "Placing") of new ordinary shares in the Company ("Ordinary Shares") at a price not less than 1.5p per Ordinary Share to raise up to GBP2,000,000 (before expenses).
The Placing, which will be undertaken within the Company's existing share authorities, will be conducted by way of an accelerated book build ("Bookbuild") and Allenby Capital Limited will be acting as sole bookrunner in relation to the Bookbuild. The Placing will result in the issue of not more than 133,333,334 new Ordinary Shares (the "Placing Shares").
The number of Placing Shares, pricing and the aggregate proceeds to be raised through the Placing will be finally determined following completion of the Bookbuild process. A further announcement in respect of these details will be made following completion of the Bookbuild process. The timing of the closing of the book and allocations are at the discretion of Allenby Capital Limited (after discussion with the Company).
Certain of the Directors of the Company and current significant shareholders have indicated an intention to participate in the Placing. Further details of the Placing and confirmed participation by the Directors and significant shareholders (if relevant) will be set out in the announcement to be made on the closing of the Bookbuild which is expected to be made later today. Members of the public will not be entitled to participate in the Placing.
The Placing Shares will be issued credited as fully paid and will rank pari passu with the existing ordinary shares, including the right to receive all dividends and other distributions declared, made or paid on or in respect of the ordinary shares after the date of issue of the Placing Shares.
Reasons for the Placing and use of proceeds
The net proceeds of the Placing will be used to establish the foundations for the next stage of the Group's development as follows:
1. leveraging the market leadership positions in London and New York to expand geographically, starting with Dewynters in Germany; 2. launching a new data-driven marketing and analytics division; and
3. re-organisation of key functions to support the above developments.
Dewynters in Germany
Dewynters in Germany ("DG") was launched in October 2016 to provide a presence for the Group in the world's third largest commercial theatre market. With Michael Hildebrandt at its helm (until recently Director of Strategy and Development at Stage Entertainment Germany), it is the Board's view that DG will be the first agency of its kind in Central Europe to provide creative, consultancy, and experiential events with two key service models:
-- strategic and commercial support for brands in the entertainment and leisure industry; and
-- event creation for major brands looking for entertainment-driven solutions to marketing challenges
The Group is establishing an interactive strategy among its now three agencies, supporting the award and transfer of individual shows and combining projects (including the new data marketing and analytics initiative) across all three markets.
Data-Driven Marketing & Analytics Division (under the Jampot subsidiary)
The Group's objective is to assist clients to sell more tickets, at a higher yield, with a lower cost. The Group has a strong background in data-driven marketing (significantly enhanced by the acquisition of Jampot) and improvements in application program interface (API) technology now enables r4e to analyse the effectiveness of its advertising campaigns. With natural access to a specific data set relating to ticketing and digital and offline media, the Group intends to capitalise on Jampot's experience of data analysis to build its own marketing analytics service.
Re-organisation of key functions
In order to support the above initiatives, the Group is re-aligning key functions to accelerate adoption of a data-driven marketing approach and will seek to leverage specific current services and assets, including design and digital media buying, with analytics to support and enhance the economics of geographical expansion, starting with Germany.
In September 2016, the Company reported a strong set of figures for the six months to 30th June 2016 and while the second half is expected to be more challenging, with fewer shows being launched, the business remains on track to meet expectations for the current year. Looking further ahead into 2017 and beyond, the Company is well positioned to benefit from its core businesses in London and New York and to also benefit from the investment proposed today.
Proposed Board appointments
In line with the board's strategy for growth, r4e also announces the proposed appointment of two non-executive directors to the board of the Company. Lord Michael Grade is proposed as a non-executive director. Lord Grade was formerly Chairman of the BBC, Executive Chairman of ITV plc and has held positions on the board of a number of public companies, including Pinewood Group plc. Mr Grade is currently a director of Gate Ventures plc, a significant shareholder in the Company. It is also proposed that a second non-executive director is appointed to the board. The Company is in advanced discussions with a preferred candidate with a great deal of experience of the entertainment industry and who currently holds a senior executive role at a global entertainment group. The appointments of the proposed directors are subject to the satisfactory completion of the usual regulatory due diligence process and further updates will be made at the appropriate time.
David Stoller, Chairman of r4e, said: "r4e is a different company today. Our balance sheet is healthy with an GBP11.0 million reduction in borrowings at 30 June 2016 compared to 30 June 2015. We have strengthened our management team across our core businesses, which continue to be market leaders, and our strategic plan is in place: to grow by leveraging our remarkable capacities and creativity and strategy to expand into new geographies and great new business opportunities, all supported and driven by a focussed commitment to data-driven marketing and analytics. I look forward to welcoming two extremely talented new individuals to our Board to help position us for our next stage of development. Our future is exciting, and we look forward to providing further updates."|
|Das ist sehr gut ja?
|I still watch from the back row, but with diminishing ardour and even less so to renew my season ticket.
|Oh dear!!!!! Profit warning and very little cash left.
Please read previous comments.
From today's interims:-
"That said, we are expecting a weaker second half contrary to the normal pattern, principally due to the unusually front loaded show schedule"
Cash down to just £522,000. Guzzled through another £2m in a year.
Dreadful balance sheet.|
|Am surprised this is not higher with all the stake building from Gate.
Not long before the interim results which will be very interesting. Especially following the update just over a month ago.
Also look forward to comments on the last half.
They usually have a clear view of the year by September.|
That's reassuring. LOL.|
|I went out earlier this morning - there wasn't enough upbeatness of going forward for me.
Maybe wrong, but I very much share michaelmouse's observations of how much we owe to Gate for the recent, very welcome and significant healthy share price uptick - and not forgetting the optimism from TW.
A few thoughts.|
|Looks headed for 3p.|
|It looks as if Gate want to get to 29.9% if they can find the stock.|
|Gate Ventures has further increased its stake. Personally I would have preferred Nigel Wray to have been the accumulator but at least someone is buying.|
|Very quiet here despite the two RNSs.
I guess we are now waiting for the out turn to last year - unless anyone knows what the managements expectations were?
I know my expectations are for the start of a momentum on Revenue and Op. Profit growth.|
|Where is that whinyfrith t*sser, a multi bagger from 65p he said... Oh how naive my younger self was. Somebody turf that guy out by his ear and get him cleaning streets, he'll do less damage to the human race there|
|A brief tribute to the guru that brought you Avanti, michaelmouses bull call for 2015/6.
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Avanti, forgot how many times he has topped up only for it to fall further south, same with Aero and Trakm8
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And the one he is trashing, A MULTI BAGGER, his BEAR CALL. You couldn't make it up.
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