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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Ra International Group Plc | RAI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 7.50 | 08:00:15 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 7.50 | 7.50 | 7.50 | 7.50 | 7.50 |
| Industry Sector |
|---|
| GENERAL INDUSTRIALS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 30/03/2021 | Final | GBP | 0.0135 | 27/05/2021 | 28/05/2021 | 08/07/2021 |
| 17/04/2020 | Final | GBP | 0.0125 | 28/05/2020 | 29/05/2020 | 09/07/2020 |
| 10/04/2019 | Final | GBP | 0.01 | 23/05/2019 | 24/05/2019 | 03/07/2019 |
| Top Posts |
|---|
Posted at 18/9/2023 13:41 by tomboyb The services which RA will most likely provide will be funded from a sub-lot allocated to the CSSF valued, in aggregate, at a maximum of GBP 375m (over 2 years). They relate to "providing and delivering operational and technical equipment to organisations in hostile environments in a Human Rights compliant manner", and include the following sub-themes:Trying to get the wording right - 375mill is from a sublot to CSSF - What value to RAI? - |
Posted at 18/9/2023 11:13 by norbert colon Valuation has started to look interesting again for a while now and with ongoing sale of Moz land parcels their cash position is encouraging. Still have medium term notes overhanging. This framework does look like good news for RAI and you have to congratulate them for the quality of their bid. I've taken an opening position again. |
Posted at 20/2/2023 09:54 by flc October last year....(Sharecast News) - Analysts at Canaccord Genuity reiterated their 'buy' rating on RA International shares on Friday, citing both growth and de-risking efforts.Canaccord Genuity said RAI's first-half results were in-line with its estimates, with revenue of $29.0m, up 11% year-on-year, and a breakeven EBITDA performance, down from $5.0m a year earlier. Net debt at the half was $4.3m, excluding lease liabilities, reflecting some ongoing Mozambique outflows but otherwise in line. The group's order book at the end of August of $95.0m was broadly flat since the beginning of the year and Canaccord highlighted that this does not reflect a £35.0m five-year UK Ministry of Defence award separately announced on Friday. The Canadian bank also noted that government sector revenues represented 47% of last year's revenue for RAI, and said it expects this to continue to grow thanks to the "strong relationships" it has developed with the US and UK governments. "RAI remains in a robust financial position with more than $9.0m in gross cash and the group is confident in its ability to mobilise for multiple large contracts as and when those restarts," said Canaccord. "We base our valuation on peer-group multiples and use the range of earnings we calculate for the short and medium-term. Our price target is based on the geometric mean of the top (60.0p) and bottom (25.0p) of this range, which results in our price target of 41.0p. At our price target and using our mid-point earnings, the stock would trade at 15x/10x 23/24E EV/EBITDA, which we believe is realistic for a growing, high-visibility business" |
Posted at 06/6/2022 13:59 by tomps2 RA International FY21 presentation by CEO, COO, CFO on 30.5.22. Very comprehensive and they answered all questionsVideo: [...] or podcast |
Posted at 15/9/2021 08:07 by tomps2 RA International (RAI) 2021 Interim results presentationRAI’s CEO, Soraya Narfeldt, COO, Lars Narfeldt & CFO, Andrew Bolter present H1 results for the period ending 30th June 2021 Watch the video here: Or listen to the podcast here: |
Posted at 07/9/2021 12:02 by total return A stock market contact has sent on today's research report from the analyst at the house stockbroker, Canacord Genuity:"Strong outlook for second half RA International has shown a robust performance in 1H21 given the pandemic and the challenging security situation in Mozambique, with revenue of $26mn (1H20: $35mn) and EBITDA of $5.0mn (1H20: $8.1mn), modestly ahead of our expectations and allowing the company to reaffirm existing guidance. Contract awards in the period amounted to $29mn (1H20: $26mn), but the company has decided to remove the $61mn Mozambique contract from the backlog following recent events and hence period-end backlog is $129mn (31 December: $187mn). Separately, the company has announced a significant new contract with the US Navy, which we expect to amount to at least $20mn in RAI revenue over the next five years. We see an improving outlook into the second half, with multiple further contracts awaiting signature and subject to the finalisation of commercial terms; the outlook states that management believes it likely further awards in the second half will be above $40mn in value. In particular, we see Danakali's major Colluli project (DNK-LSE: 23p | SPEC BUY, PT 45p) as likely to add significant backlog once finalised. We reiterate our existing BUY rating and 75p price target. New US Navy award This morning the company announced its entry into an indefinite-duration indefinite-quantity (IDIQ) contract with the US Navy, for design and construction on Diego Garcia, its Indian Ocean base. RA is in joint venture with ECC, a US contractor, and there are five other awardees; total work under the contract is $249mn over five years, so we expect at least $20mn in work to RAI over the period. This award underscores RAI's role as a contractor to the US government, generally in remote locations. Margin maintained A feature of RAI's business model is its robust risk control, and the first half underscores this; despite revenue down 26% y/y, gross margin was flat at 29% and EBITDA margin down just 2.5%. It is also striking that RAI has suffered no significant effect from construction and logistics cost inflation, reflecting both its strong risk controls and the nature of its contracts in those areas. We see this as one of the key investment attractions for RAI. Cash flow and earnings: WC outflow expected to reverse 1H results include a substantial working capital outflow of $8mn, half of which is down to late payment from one large multilateral, and half of which is due to assets earmarked for Mozambique capex, being shifted to inventory for other projects. We expect this slow payment to largely reverse in the second half and for the inventory to be reused on other projects in progress. We also highlight the improving security situation in Mozambique and believe that this could lead to a restart on this currently suspended project. Reiterate BUY and 75p target, no earnings changes We continue to expect revenue of $50-55mn for this year and EBITDA of $9-11mn, with a strong recovery into next year from currently active bidding. At our target price, and mid-point of the earnings range, RAI would trade at 28x/12x 21E/22E P/E, which we believe is appropriate for a business with the strong growth outlook of RA. In particular, we see the pick-up in run-rate of awards over the next few months (from current high bidding activity) being reflected in the share price ahead of revenue, as is normal for contract-based businesses like RA." Their number are: FYE Dec 2020A 2021E 2022E 2023E Sales (US$M) 64.4 52.2 82.2 106.9 EBITDA (US$M) 14.2 10.2 19.9 27.5 EPS Adj&Dil (¢) 5.5 2.1 7.4 11.4 DPS (p) 1.4 1.5 1.6 1.7 EPS (¢) 5.5 2.1 7.4 11.4 DPS (p) 1.4 1.5 1.6 1.7 Net Debt (Cash) (US$M) (11) (4) (10) (19) P/E (x) 14.9 39.6 11.1 7.2 EV/EBITDA (x) 9.3 12.9 6.6 4.8 |
Posted at 07/9/2021 08:04 by jamessmith23 Reading back over prior results they have consistently said that they expect 2022 to be significantly better and so none of these numbers are particularly surprising.Holding this for the 2022+ years not 2021, with the number of contracts they are winning, particularly given it is happening during covid which is still causing significant issues, mainly in EM countries, I don't think many were expecting 2021 to be a bumper year.Happy to hold for longer term given the record of profitability and high level of net assets, it provides a healthy margin of safety which is required given the area of business that RAI operates, which was demonstrated by Mozambique. |
Posted at 04/9/2021 08:25 by flc Also nervous as you never know what's around the corner with RAI but also quietly confident of a good 6 months. H1 is typically stronger than H2 and although Capo Delgado was a kick in the balls, a large chunk of delayed 2020 revenue was pushed in to this year. The December trading statement was particularly bullish especially around the increasing order book being able to offset hiccups and delays. Let's see what happens on Tuesday. |
Posted at 23/6/2021 17:43 by gaiusgracchus I'm up on this one. I say that because I don't want to give the impression of being disgruntled. I think this can do fine over the next 5 years. But I'm seeing over and over again small UK companies with quite concentrated shareholding bases getting bid for at low low prices. Cambria. Anexo. They are just two of my holdings that could be taken over on the cheap. I never thought that RAI would suffer this but could it? I just don't know anymore. |
Posted at 30/3/2021 08:48 by multibagger Most importantly let us hope that Mr Phillip Mawer is returned safely and the situation in Mozambique improves.Though I am no expert on either the Country or the situation there, I am of the view that from a RAI perspective this particular project is almost "written off" for the next 12-18 months or so. Though the Govt may act decisively, these kind of issues tend to fester and escalate from time to time - kidnapping tends to become a mainstream activity to raise further funds for criminal activity like in the Niger Delta or off the Horn of Africa. The unpredictability and randomness of events in such conflict areas would deter any kind of organised activity such as business and often spread across poorly demarcated and controlled borders into neighbouring areas. In light of the above, I think RAI will do well to maintain its SP, however I feel that drip-dripping* of unsettling news and uncertainty could weaken the share price significantly, which in turn may trigger a share buyback (if permitted under the Resolutions passed). Good luck to all holders. * Edited: 0920 hrs:30.03.2021 so that it reads better. |
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