CDM, the group’s most outlying estate.
There does appear to be value. |
Big upgrade broker eps according to IC |
DSN now own 35% of REA Kaltim Plantations but none of REA Plc.
They declined CDM subsidiary @ $25m. |
Russman, operating profitably and paying down debt is definitely what REA should do. If they can clear the bonds and repay any expensive bank borrowings then they should start buying the preference shares and cancelling them. Within years the company could be expanding and paying a dividend.
They need to avoid any future diworsification, the coal mining and quarries have not gone well over the years.
The need to control the cost base is also something that REA have not managed well.
MP Evans 41p in 1993 now 1040p. REA 105p in 1993 now 73.25p.
REA shares once got to 820p before everything went wrong.
If a bidder appeared offering me 100p on my preference shares and 200p on the ordinaries, I would sign in a heart beat, or sell in the market if the bulletin boards suggested a bidding war and prices went higher than that sort of offer. I can dream, in the meantime I will hopefully collect my preference dividends on time every time going forward. |
Just mulling ideas.
The 8.75% $ bonds were trading at a discount. estimate 9.5%
The local bank facility was 10%.
The £ prefs trading at 11.5%
The new $ bank facility. guess 8.5%
It appears to be a foreign exchange nightmare. $ appears to be more efficient.
If cashflow permits, have the option to buy them back in the market.
Interest rates seem above average, need to reduce debt further. |
Chunky trading again today. Hmmmm |
Thanks. Missed the trading update.
Cashflow seems stable for 2025.
Taken out bank loans to cover bond redemption.
Would be interesting to know what the new bank loan interest% is? |
Decent volume by RE.B's standards |
A buy note for MP Evans has suggested a 40% upside. I hope the same could be the case here. I just want the management to control debt, Pay it down and then start buying back preference shares at below par to cancel.
Could REA one day be a success like MP Evans? Debt free and growing? My dreamed takeover may arrive first. |
CWA 112 Dec '24 - 08:06 - 880 of 883
Held up surprisingly well for XD day! Sold a few of the recently bought trading shares at a whisker over 81p, will keep the rest. Pay day is 31/12
Bought back a handful of those sold on the basis of today's trading update which, whilst not perfect, was encouraging. Paid almost 75.9p
This is about as upbeat as I've heard them be for a while...
The better average price for CPO over 2024 more than offset the decline in crop. As a result, the group will report improved results for 2024. Looking forward, yields are expected to recover from the slightly depressed levels of 2024 and, if prices do remain at above the average level of 2024, this should mean a further improvement in the profitability of the agricultural operations. With the addition in 2025 of positive contributions from the stone and sand operations, the prospects for the group are encouraging. |
 Thanks for heads up cwa1, it reads as expected on better pricing
Outlook
The historically high CPO price ruling in the second half of 2024 reflected the lower levels of CPO production seen during the year. Whilst it is likely that there will be some recovery in production going forward, supplies remain tight and are expected to stay that way well into 2025 as Indonesia continues to push increased use of biodiesel in transport fuel. This encourages the hope that prices will be sustained at levels above the average for 2024.
The better average price for CPO over 2024 more than offset the decline in crop. As a result, the group will report improved results for 2024. Looking forward, yields are expected to recover from the slightly depressed levels of 2024 and, if prices do remain at above the average level of 2024, this should mean a further improvement in the profitability of the agricultural operations. With the addition in 2025 of positive contributions from the stone and sand operations, the prospects for the group are encouraging. |
Trading Update |
prefs were 80p when REA last passed the divi.
have to see what the next results are like; divi seems too high even for the risk. |
Held up surprisingly well for XD day! Sold a few of the recently bought trading shares at a whisker over 81p, will keep the rest. Pay day is 31/12 |
Yes, registration day almost invariably one working day after XD day. Ex Dividend day, with VERY few exceptions, is a Thursday-if it falls on any other day someone has probably made a mistake! |
Registered is different to the XD date. It’s solely for the Registrars of the Company to close of their books and then Crest/Stock Exchange make any adjustments |
13th........ |
12/12 now official...
R.E.A. Holdings plc ("REA" or the "company")
Dividend in respect of 9 per cent cumulative preference shares (the “preference shares”)
In the company's half yearly report for the six months ended 30 June 2024 published on 19 September 2024, the directors stated their intention that, subject to no material adverse change occurring during the coming months in the financial performance of the group, the semi-annual preference share dividend of 4.5p per share falling due on 31 December 2024 would be paid on 31 December 2024.
In line with that intention, the directors have today declared that the semi-annual preference share dividend of 4.5p per share falling due on 31 December 2024 in respect of the half year ending on that date will be paid on 31 December 2024 to holders of preference shares registered at the close of business on 13 December 2024. |
CWA1, not sure what they call it now, but it is the rollover from the former "ProQuote". |
FT saying 12/12 too... |
Cheers, thanks for that. Which system do you use if I may ask? |
XD confirmed 12th Dec on my system. |
Another decent day with reasonable volume too |
Highly unusual not to have some sort of announcement.Something cooking, I wonder. |
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