R.e.a Share Discussion Threads

[laptop15] 23/7/2019 10:53

https://twitter.com/laptop1515/status/1153618541817602051

[laptop15] 23/7/2019 08:48

What's the story here guys? Why share price so low?? Am I missing something??

[my retirement fund] 02/2/2018 11:06

Anyway they would only be growing bananas instead

[hindsight] 02/2/2018 09:57

Dibbs , you could stop driving your car in protest that fuel contains food crops as mandated by the EU. Or even better write to your MEP and ask why this stupid policy was even started in the first place which has created food demand and driven deforestation around the world

[dibbs] 01/2/2018 22:38

My R F, I know but I had to start somewhere! :)

Dibbs

[my retirement fund] 01/2/2018 21:11

Its a drop in the ocean when you compare the ecological costs like for like ti the slash and burn transformation of say for example the Argentinean deforestation for soya plantations supplying cheap meat into the global market place.

[dibbs] 01/2/2018 20:57

I don't shun many sectors on ethical grounds but palm oil plantations are devastating huge swathes of unique habitat so I'm avoiding this sector these days.

Dibbs

[deuchar] 31/1/2018 08:09

As usual no reaction in the share price

[my retirement fund] 11/1/2018 00:13

Why is it going upwards ?

[deuchar] 10/1/2018 17:43

At long last due a rerating

[deuchar] 17/7/2017 09:25

I'm afraid this company's share price indicates bad news

[taperkick] 18/4/2017 11:02

Selftrade don't list these - anyone know why?

[deuchar] 06/1/2017 17:03

NAV £12?

[it_trader] 28/12/2016 16:48

Very under the radar this

[hindsight] 25/10/2016 16:36

Guess the MPE offer effect

[baronet] 25/10/2016 13:38

offer ? Most unlikely.
More like an 'Experienced' new director joins the board.

[it_trader] 25/10/2016 12:37

Big move today. My sleeping giant wakes up

[varies] 04/9/2016 15:27

My daughters hold a few ord. shares and rather more 9% pref and I am trying to decide whether the high yield on the pref compensates for the risk involved. If so, I might buy them some more.
I have a copy of the accounts for 2014 and have downloaded most of the significant statements issued since but am still confused about the REA Kaltim transactions recently announced and would appreciate any guidance that anyone posting here could offer.
The 2014 accounts do not give separate figures for REA Kaltim but tell us (page 9) that it is the parent of all of REA's Indonesian plantation subsidiaries.
The statement issued on 17.05.2016 tells us that Kaltim's gross assets at 31.12.2015 amounted to US$577 million.
Prior to the transaction Kaltim had 13000 shares outstanding (12350 A and 650 B) all owned presumably by REA.
SWA is buying the 650 B from REA and subscribing for 1530 new B shares. Leaving aside any distinction between A and B shares, there will now be 14530 Kaltim shares of which SWA will own 2180 or 15%.SWA is also making large loans to Kaltim to assist with its development plans.
The announcement on 16.08.2016 tells us that it is paying only $15m for these 2180 shares. On this basis Kaltim is worth only $100m and REA's 12350 shares are worth only $85m, say £66m.
REA Kaltim is, of course, highly geared.
REA's issued capital seems to consist of about £63m pref and 37m ord. Taking the pref at par and the ord at 250p gives us a market cap for the 2 classes combined of c£156m. If the Kaltim shares are worth only about £66m, can one attribute a value of £90m to REA's other assets ?

[topvest] 16/5/2016 08:03

Looks a good web-site and family controlled Indonesian Group.
hxxp://www.dsn.co.id
Think this has to be good news really. Hopefully, they will secure a better price for the remaining 34% being sold which will enable the borrowings to be refinanced. This is often the case whereby the initial tranche is cheaper than the secondary tranches.
I suppose the question long-term is whether or not the capital structure is capable of supporting a 51% stake in their main asset. In that regard I believe the preference shares are a less risky proposition.

[topvest] 16/5/2016 07:53

Yes, all very quiet given the announcement. Must admit to thinking this was good news despite the discounted equity price. Have doubled-up first thing on the preference shares. It must remove all of the short term refinance risk with the US$ 50m available and possibly removes the need for a local listing. They are also only selling 15% now. Suspect the remaining tranches will probably be at higher prices, as they are in a tight spot at present.

[topvest] 25/4/2016 09:12

Yes, results out and need to study in more detail. Emphasis of matter on going concern so they do need to sort out their short term borrowings. With the CPO price racing up to about US$745 I can't see this as being a major problem. We are probably in the hands of the palm oil price. On balance, think they will be OK but obviously they need to avoid dilution. The prefs currently look a better bet.