R.e.a Share Discussion Threads

[ntv] 24/12/2024 08:50

Much larger MPE share buyback announced today
A significant increase on previous ones
I would profits have increased by the same margin here so they can pay down debt

[dandigirl] 12/12/2024 14:14

Hi pb - lots of positives around, I think. And a few negatives.Company has indicated that higher prices will likely be offset to some degree by lower volumes. As for stone, company appears to continuing with the consolidation already mentioned. Then there is the £20m+ due in August. Suspect there will be some reduction with the rest rolled over.As regards takeover, imv a "local" is more likely. Everything depends upon CPO price remaining strong though.

[pbaker] 11/12/2024 18:14

dandigirl. I hold a few ordinaries and really should have just bought more prefs instead, it was many years ago at much higher prices. With CPO hitting a multi year high if you exclude the covid peak. You would hope management will get things right this time. I hope the palm oil is producing good cashflow. I really hope the management team continue to retire expensive short term debt. Once this debt is fully repaid, If it was me running the company I would buy back prefs at below par. Then one day start paying dividends on the ordinaries. I just hope they do not buy any coal or stone mines where they have no expertise. Maybe in the new year we will get a takeover for the entire company. Come on MPEvans. I would be happy to take 120p for my prefs and 200p for my ordinaries. It would be a great Christmas present. To all Merry Christmas and Happy New Year.

[dandigirl] 11/12/2024 11:50

Bought a few ords this morning @ 77.

[cwa1] 15/11/2024 07:57

Worthy of note, I feel:-

[ntv] 29/10/2024 16:29

An interesting move
Buying in debt

[cwa1] 17/7/2024 16:12

2 x 250,000 share trades at very similar prices. Probably a cross?

[cwa1] 20/5/2024 16:21

A bit "spiky" from 11am onwards. Anyone hear anything?

[smithie6] 22/4/2024 12:48

Can anyone translate that last post in to English so it can be understood ?

[pbaker] 16/4/2024 10:40

CousinIT. Thanks i thought this was new and exciting news. i was hoping a predator had bought a large stake and was getting ready to pounce. You have dashed my hopes. Oh well. It makes sense the voting was only about 12% when the prefs had a vote, now they are up to date the voting goes up to 29%. Dash and double Dash. Come on DSN or MP Evans time to bid! In my dreams.

[cousinit] 16/4/2024 09:43

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)
-----------------------------------------------------------------------------------------------------------------------

[ntv] 16/4/2024 08:10

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

[cousinit] 16/4/2024 07:56

As posted on the pref thread

All the Emba announcement is about is to state that the ordinary shares they already held now have full voting rights as there are no longer any arrears on the prefs (as the prefs have voting rights when there are arrears)

[cwa1] 16/4/2024 07:46

Major holding announcement:-

[cwa1] 18/3/2024 09:42

Closing has taken place and all immediate financial settlements have been made:-



Preference share arrears to be paid in full:-

[cwa1] 12/2/2024 13:19

No opposition to the GM vote:-

[pbaker] 25/1/2024 16:44

It does feel the REA is run for the locals. Not for the shareholders.

[nobull] 25/1/2024 15:32

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."

[nobull] 11/1/2024 15:16

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.

[cwa1] 11/1/2024 10:12

Perky this morning. Anyone seen anything?

[cwa1] 28/12/2023 08:32

Not without mistakes but might be worth a read...

[wigwammer] 02/11/2023 19:40

I hope for holders it works out. I did purchase quite a large position here a couple of years ago, but my perception of it has now changed. Even when CPO prices went up, REA didn't (weren't allowed to!) keep a lot of the benefit. There is a volume growth story too, but it just seems the minute things go well then the earnings are taken away from them..

[pbaker] 02/11/2023 19:03

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?

[cousinit] 02/11/2023 18:38

Useful comments all.

This does have the feel of steadying the ship but by lopping off a good chunk of potential upside. The short lived higher CPO prices and sporadic coal and stone loan repayments were just not sufficient to provide confidence for addressing the balance sheet by the time the loan notes became due.

If loan note costs were 9% + incentives when interest rates were rock bottom, there was a clear risk that it could be very ugly next time. The next 14% sale option could be targeted at the USD loan notes if nothing else turns up in the meantime.

What's not clear is the degree extension planting has crimped cashflow recently. Obviously that can improve cashflow 3-5 years out even if the share of the overall pie has reduced.

[wigwammer] 02/11/2023 18:06

Hi to you both. I had another look at the latest annual report, and stripping out the prefs from the share capital in the balance sheet - there isn't much left for the ordinary holders... from memory, £17-18m, versus a market cap of over £30m. Of course, it may be the accounting figures understate the true value of the assets, but it does appear they are using these figures as a yardstick in the transaction announced today.