Ra Share Discussion Threads

[jere8184] 09/3/2023 14:36

Actually, i'll take back what I said, if it's not with immediate effect.

[jere8184] 09/3/2023 14:34

We'll its not like he's going to trash the company in the RNS and to me resigning a month before the financial report isnt a good sign, so my instincts telling me to sell out. I've done pretty well timing this company so far. But i'm here for the long ride and i'm not a very expirenced investor, so i'll probably wait around this time and get burnt

[flc] 09/3/2023 13:43

It can be if they're resigning with immediate effect but in this case he's leaving end of August and well after the Finals are posted next month. He's been there over 10 years so I guess it's just time to move on. I did like his leaving statement...'the opportunity ahead for RA remains significant'

[jere8184] 09/3/2023 12:14

Isnt the cfo leaving a bad sign?

[cockerhoop] 22/2/2023 11:37

The problem I see is that they listed to raise capital to allow them to bid for bigger contracts (with significant upfront costs such as Cabo Delgado), they've spaffed that cash so are pretty much back to square one in terms of the contracts the balance sheet can support.

[flc] 22/2/2023 10:01

Yeh, that's a fair assessment rmillaree. I guess a lot hinges on H2 trading and whether they've been able to close another chunk of the £50m tenders mentioned in the last interim report.

[rmillaree] 20/2/2023 16:24

I really dont see any appeal here at present.

When i was previously invested they had good cash reserves and were making a profit - now they are loss making and have "net debt".

Heyho i guess the low price could return multiples of current shareprice here if they right the ship and peeps have the faith now. So i will sit and admire those braver than me.

I would have liked to have thought that by now thney would be reaping the reward of covid being the the past and the many years of being a listed company should be bearing good fruite by now - no doubting they have top tier customer list.

[flc] 20/2/2023 09:54

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"

[flc] 19/2/2023 08:45

I tend to agree. I've followed with interest since listing with a few disappointments along the way, not least Cabo Delgado. Investing in any business operating in hostile and volatile territories comes with risks but it looks like the worst is behind us. Hopefully a trading statement next week which should give us a flavour of progress.

[value hound] 16/2/2023 16:10

This is looking very interesting to me in light of the recent contract wins. The slightest improvement and rel' small operating profit by historical standards make it worth more like c.$50m / £42m / >24p per share IMO. Obviously - anything close to a gradual return to pre-pandemic levels puts it more like twice that (bearing in mind it started 2022 at 50pps).

Any thoughts?

[flc] 30/1/2023 13:25

Yep, good to finally get an update.

[hoops_75] 30/1/2023 12:52

Looks like some good contract wins announced from UK and US governments, some welcome news. Holding this stock long term with a degree of optimism

[flc] 24/1/2023 10:45

Looks like sub 10p soon.

[flc] 30/9/2022 07:40

Margins and order book going backwards...so will share price I'm afraid.

[flc] 16/8/2022 11:36

Looks like it's woken up today after a two month nap.

[tomps2] 06/6/2022 13:59

RA International FY21 presentation by CEO, COO, CFO on 30.5.22. Very comprehensive and they answered all questions

Video: [...]

or podcast

[flc] 26/5/2022 09:12

Look pretty dire but not unexpected. Moz has been a disaster for them.

[tomps2] 26/5/2022 08:47

RA International Group plc FY21 results

CEO Soraya Narfeldt, COO Lars Narfeldt and CFO Andrew Bolter will present full year 2021 results followed by Q&A.

Monday, 30 May, 11:00am

Join us here: www.piworld.co.uk/events/

[flc] 16/5/2022 22:23

Wouldn't be at all surprised if the two founders take this private, especially at this level. The strategic move away from commercial contracts means a listing is not really required anymore.

[flc] 03/5/2022 11:54

Same jimbo, I've been in and out for nearly 3 years and it's been hugely frustrating as an investment. I love the business and what they do but the issue seems to have always been that they are a niche player often working in volatile territories so you never quite know what's around the corner. Delayed reporting is always a concern so we'll see what's been going on when they post.

[fred buckle] 03/5/2022 01:37

jimbo. The silence has been deafening.

[jimbo123elf] 30/4/2022 13:07

I'm no longer holding this stock but i'm not sure i'd want back in at any price now. Too many red flags for me.

[flc] 29/4/2022 08:59

Not a great way to treat shareholders.

[flc] 26/4/2022 14:59

Finals should be out this week...interesting to see what progress, if any, has been made since the Feb RNS.