Ra Share Discussion Threads

[sev22] 07/1/2021 18:16

RAI is still a "Strong Buy" based on the most popular technical indicator.

[tomps2] 06/1/2021 07:58

Here's the recording of the RAI investor presentation with piworld 17.12.20, following the December trading update.

It's a good overview. Outlines the business strategy and where they're getting to, albeit taken longer than they thought at IPO.

At the end there are all the FAQs.

Video:

or Podcast:

[johnrxx99] 06/1/2021 03:46

Thanks - I'll buzz sharescope.

[saurish] 05/1/2021 17:19

Can't say about Sharescope however, well and truly listed on all the platforms I use with a Stockrank of 82 on Stockopedia.

[johnrxx99] 05/1/2021 09:29

Has it been delisted? The entry on Sharescope says removed.

[flc] 04/1/2021 07:39

Agreed but anything is for sale at the right price. Hopefully we will have a solud 2021 with lots of news flow.

[johnrxx99] 04/1/2021 06:47

Unsnapable unless the founders want to.

[flc] 31/12/2020 22:00

I think they will be snapped up within 12 - 18 months.

[jay083] 31/12/2020 16:57

thanks both, large founder holdings are a bit of a double edged sword not sure what side of the fence I sit on with this one....

[sev22] 31/12/2020 16:13

According to Stockopedia 91.84% of the shares in circulation are held by these major shareholders:

Soraya Narfeldt - 55.88%
Lars Ola Narfeldt - 24.48%
Jupiter Asset Management Ltd - 6.08%
River and Mercantile Asset Management - 3.24%
5 other listed Individual Investors hold 2.16% between them.

Shares in Issue total 171,548,190 and the Free Float is 29,679,656 (17.3%).

I hope this helps clarify the current position. Stockopedia confirms there hasn't been any changes disclosed since the 30th September 2020.

[flc] 31/12/2020 13:16

I guess the Jupiter and Mercantile holdings are classified as public via nominee accounts and those held in treasury bring up the shortfall thus the 82.3. Approx 30m in private and the 3.8m was purchased through the markets with each tranche notified by RNS. Leaves very few shares out there so price should tick up nicely next year.

[jay083] 31/12/2020 09:57

can anyone provide a bit more clarity on the share register I'm not sure what they have on the website looks correct:

CEO - 56.48%
COO - 24.75%
Jupiter - 6.09%
River & Mercantile - 3.06%

Totals 90.38% by my reckoning not 82.3% as they say.

Looks like they have brought back 3.8m shares over the last 6 months - where have these shares come from? (no holdings RNSs).... PIs?.......where would the share price be if this volume wasn't present (...and where will it go now now it has stopped!)

I make the buyback 12.5% of the free float using the 82.3% figure they give - this becomes 23% if the above is a discrepancy

[flc] 29/12/2020 20:04

I'll keep buying up to 60p and then prepared to sit tight and monitor developments.

[sev22] 29/12/2020 17:56

Following today's share price rise RAI has smashed through all the moving day averages and is now a strong buy.

[rivaldo] 29/12/2020 14:17

Up 10% on low volumes today - evidently not much stock around.

[flc] 24/12/2020 13:46

and to you and yours SEV...roll on 2021 and 50p+

[sev22] 24/12/2020 12:49

A nice 200k buy showing, bodes well, should see a move above 50p in the New Year.

Happy Christmas & NY all RAI investors.

[flc] 18/12/2020 09:59

gaiusgracchus..not sure you're missing anything at all. I invested quite a lot shortly after they landed on AIM and have been following with interest since. As you say, they seem to have carved out a niche which appears to be very profitable and they appear to be highly regarded at what they can deliver. When they start landing more juicy contracts on the corporate side then the market should wake up a bit. At the moment they just go unnoticed and with only 20% of issue in public hands not much opportunity to purchase large chunks of stock which is keeping price very low and cheap. Hopefully we may see a re-rating next year.

[gaiusgracchus] 18/12/2020 09:03

I would never invest in a UK contractor, especially one with government contracts. Margins are too thin as the competition is too fierce. Which means there's a tendency to leverage up to deliver returns to shareholders.But I am invested in RA. Gross margins are much more attractive and there's less competition it appears. Plus if you want a project completed in a dodgy country you will pay up for the comfort of knowing the people you've hired (RA) are going to competently deliver.I'm happy to hold here and forget about it for 5 years given it's currently cheap, in my opinion. What am I missing?

[napoleon 14th] 17/12/2020 13:14

Now on PIWorld - a 1 hour talk about what they are.
Shouls be available later on PIW.

[sev22] 16/12/2020 12:36

You can get more detail of RAI, who they are and what they do in this excellent short video.

[shanklin] 15/12/2020 10:31

Fair comments rmillaree

I have held RAI for a lot of the period since they floated and it has been one of my larger holdings albeit I have zero currently. In many respects the share price looks far far too low.

I just feel they need to up their game on:
- giving us a more detailed picture of the business
- corporate governance and keeping the market appropriately updated albeit there is no lack of quantity on that front

We all know they largely operate in out of the way places and that there is more project risk than would be the case in other locations... ...and that they have had some genuine misfortunes hit them since floating... ...albeit they are now large enough that the odd negative surprise should not rock the boat unduly.

I think all investors accept this; I certainly did. So, to make all this risk more acceptable, I would suggest they focus on doing all the things where they do have absolute control to the highest possible standard. So:
- don't used money raise in the float to buy shares and give huge numbers to directors... ...if you need to give directors shares make them options with stretching targets and a sensible strike price, so they are rewarded along with shareholders
- do give what guidance you can on PBT... ...or at least tell us why you aren't. IIRC, when RAI have done this sort of thing in the past it has been a pre-cursor to less than delightful numbers... ...so please stop doing this and just give us the facts, especially if there is a good explanation.
- give us as much detail as you can about the situation over the next two to three years

I really don't see any of this as difficult to resolve. Most of us can see the own goals, so some decent Investor Relations advice from the new NOMAD should really sort this out.

I hope to be back invested here soon, even if I end up paying a higher share price for a bit more certainty.

[rmillaree] 15/12/2020 10:05

Shanklin
Although i was initially somewhat annoyed at the annoncement - i dont think its that hard to fill in the blanks - ok we shouldnt have too but there is always a bit of pressure if one gives firm figures before year end that the audit may subsequently adjust the heck out of them or there may be material uncertainty with regard to what will complete (as far as accountancy rules allow) before period end.

My back of the envelope calcs are $9.5 mill pre tax profit - so if they are materially below that then that will be simply down to increased overheads that they will need to explain away in the finals. Not ideal but we do have enough info to be able to reasonably fill in the blanks - any comparison with regard to earlier higher expecatations as listed on stockopedia is not really relevant for the reasons outlined by Rivaldo - thats a stokopedia problem / your use of stockopedia problem if they don't at least put a strikethrough line through hitoric numbers that have been officially been withdrawn.

In summary whilst i am dissapointed H2 wasn't better i shouldnt really have expected any better and at least the margins are holding up and an increase in oder book whilst having no specific contract announcements in the last 3 months is pleasing.

[jimbo123elf] 15/12/2020 09:51

mostly sells this morning, not an update to get excited about

[shanklin] 15/12/2020 08:10

Of course RAI do have option, taken up sadly by only a few companies, of highlighting consensus broker forecasts for revenue and PBT and detailing how they have done vs these.

I would like to still be invested here but am very disappointed at the quality of the communication here (albeit there is loads of its) and by the use of shareholder's money to buy back shares to be awarded (in part) to directors.