Ra Share Discussion Threads

[rivaldo] 01/7/2019 07:16

Excellent - another decent-sized contract win to benefit both this this and next year. This year is looking increasingly good.

And the award of a larger contract from an existing customer is validation of RAI's quality of performance:



"RA International Awarded New Supply Contract

RA International Group PLC (AIM: RAI), a leading provider of services to remote locations in Africa and the Middle East, has been awarded a new contract by a global humanitarian organisation to supply and install modified shipping containers as accommodation and offices in an East African country.

RA's services are required to upgrade the security of existing accommodation and office units from prefab units to steel containers with overhead protection. This contract award follows smaller similar projects undertaken for the same client.

The contract will run for one year, commencing immediately, and is valued at USD 7.8 million.

Soraya Narfeldt, CEO of RA International, commented: "We are delighted to have been selected for this contract, which was awarded to us based on our track record for reliability, expertise on the ground and capability to deliver quality service on time."

[rivaldo] 27/6/2019 07:26

Cenkos have released a new note and say Buy. They forecast 8c EPS this year, i.e 6.3p EPS, with a 1.7c dividend, and summarise as follows:

"Strong operational progress building momentum.

RA has now announced five substantial contracts of varying durations since March 2019, with a combined value in excess of US$38m, including a US$9.8m 5-year contract with UNSOS (UN Somalia) to provide first line vehicle maintenance services throughout Somalia, a contract with Facilities Development Corporation (FDC) for construction works at the US Embassy in Copenhagen (value undisclosed), an MSA with IAP Worldwide Services Inc to provide supply chain services on a global basis (with the first contract of up to US$8.5m in sub-Saharan Africa to run until 2023), a US$10.7m construction project for a large humanitarian client in Central Africa and the new US$9m contract announced today.

RA remains very active with its bidding pipeline, including two substantial, potentially transformational bids in the current year (one submitted already – not in or current forecasts).

Outlook & forecasts.

We have left forecasts unchanged. Our FY19 revenue forecast of US$60.2m is now less than 40% of the current contracted revenue backlog (over US$150). In the last two years, FY revenues have been c47% of the contracted revenue backlog. We expect to see this pattern continue as RA adds larger and longer duration contracts.

The shares trade at a FY19E PER of 7.6x and EV/EBITDA of 4.6x, falling to 7.3x and 3.7x 2020E respectively. Net cash forecasts for FY19E and FY20E represent c30% and c35% of the market cap respectively. The 2019E prospective yield is 2.7%, covered 4.8x."

[yupawiese2010] 26/6/2019 19:20

Business Operations Director talks to Proactive Investors.

[yump] 25/6/2019 23:17

On the hunt for some stocks...

Half interested in this, but not sure whether it will have permanent fallout from the downgrades in terms of rating. I'm sure it suffered from association with the outsourcing/infrastructure market with the very public problems of larger businesses and the last thing it needed in that respect was a load of downgrades, rather than a demonstration of reliability. Its obviously modestly rated, but is it interesting enough to gather a following, even if it does start performing better.

[rivaldo] 24/6/2019 12:24

I bought some of these first thing this morning. Good to see some investors I respect already here.

Very cheap fundamentals, large cash pile, "encouraging" trading this year to date, confidence in delivering expectations this year (albeit with an H2 weighting), likely RNS's of large contract wins to come.....

One to build on as confidence grows further.

[flc] 23/5/2019 10:48

yeh, bit of a shame as it's a really good company with lots of good things to talk about..but probably out of the public eye with few followers...I bought a few more anyway so will sit on them. At least the BB is a good one without the usual rampers and rubbish!

[tiswas] 23/5/2019 08:28

Surprised by the pullback on all the contract news releases.

[norbert colon] 19/5/2019 07:09

Shame RAI couldn't attend Mello in the end - I understand they were otherwise engaged on some contract negotiations.Look forward to meeting other investors at the AGM:Annual General Meeting ("AGM") will be held at the offices of Dentons, 1 Fleet Place, London, EC4M 7WS on Monday, 24 June 2019 at 2:00 p.m

[junior21] 16/5/2019 20:26

Looks like the under promise and over deliver strategy is currently paying off. Should be broker upgrades at some point

[junior21] 10/5/2019 13:43

Seems to have a little momentum and the two contract wins will have helped. Hopefully not long before we are 50p plus

[gaiusgracchus] 24/4/2019 15:48

"In tatters" is a little strong but I get what you're saying: it would have been nice if they'd have announced some chunky contracts by now. Still, think the risk/reward is decent at these levels so also recently bought some and will wait to see if things pick up.

[jane deer] 19/4/2019 17:59

RAI’s rationale for doing the IPO (namely we need a stronger balance sheet to allow us to bid for very large contracts $50_150m) seems to be in tatters. Cenkos’s recent massive cut to its forecast numbers upto 2020 (ie 2 1/2 years after the IPO) is based on “reset expectations at a level taking no account at all of any transformational longer-term contracts already bid for or within the bid pipeline.”

If this is a realistic expectation, then it raises the question of why sit with $27m net cash on the balance sheet? and perhaps why be listed at all? I note that despite the sharp cuts to forecast revenue, earnings and FCF, Cenkos has also increased significantly the forecast dividends - perhaps also indicating that the company too is aware that it is overly cash rich given current opportunities.

Despite my misgivings, I have recently bought some shares.

[junior21] 11/4/2019 13:11

I'm happy to hold here for a couple of years.

I understand the forecasts for future years have been reduced, however I believe we are undervalued based on current metrics therefore hope the share price will appreciate as long as no nasty surprises along the way.

[scooper72] 11/4/2019 10:53

...which I guess is sensible with a fledgling quoted company like this

[scooper72] 11/4/2019 10:52

Also glad with my second small buy. This is now 2 percent of my SIPP and ISA.

[bluechimp1] 10/4/2019 11:10

I bought some more yesterday having taken the view this was oversold and that today's results would be better than some seemed to fear. Contracts were simply delayed, not lost, and results as a consequence were only expected to be slightly lower than expected. Directors bought recently at c46p. Divi announced and expected to be progressive going forward. Good pipeline and so hopefully more positive news over the course of the year. All looking good IMO.

[dangersimpson2] 10/4/2019 11:08

It's clear that winning the type of contracts they are gong after will have a signification positive impact on the future of the business. One of the challenges is that these clearly don't have much short term impact on the financials, as they guide today that winning these won't make much difference to the current financial year. With this in mind 10% predicted revenue growth is a good result, unfortunately I think the brokers had forecast more and reduced their forecasts today.

Whatever they say, most professional investors are incentivised by their compensation structure to only focus on next year's results, rather than true long-term value creation. For them the lumpiness of contracts pose a problem. For me, however, I simply see this as being a much larger and more profitable business in 5 years' time. The current rating means that if I am correct then the share price will also be much larger. The path to get there may be windy though.

Dividend was a pleasant surprise though, and signals positive capital discipline as they build to their long-term aims.

[flc] 10/4/2019 10:22

can,t really say either way but the results look good and looks like there will be some juicy announcements on the way especially on the ‘transformation’ contracts. I would say they look good value at this level and will hopefully creep back up when they get their PR working.

[scooper72] 10/4/2019 10:05

Glad I dipped my toe in a few days ago after last weeks stockopedia stockslam event - now trying to decide whether it's a good moment to stick in a little bit more, or see if the rise this morning will drop back a little.

[cwa1] 25/3/2019 07:10

25 March 2019

RA INTERNATIONAL GROUP PLC

("RA International" or the "Company" and, together with its subsidiaries, the "Group")

RA International Group PLC Awarded Contract up to US$8.5 million with IAP

RA International Group PLC (AIM: RAI), a leading provider of services to remote locations in Africa and the Middle East, announced today that it has signed a Master Service Agreement with IAP Worldwide Services, Inc ("IAP").

Under the terms of the agreement, RA International will provide supply chain services to IAP on a global scale. The first order issued to RA International is to provide services in sub-Saharan Africa for a total value of up to US$8.5 million. This order will run until 2023, with services already underway.

Soraya Narfeldt, CEO of RA International, commented: "We are extremely pleased to sign this Master Service Agreement and look forward to supporting IAP both in Africa and abroad. This contract award is a clear demonstration of the quality and value of our services, and we are confident that we can deliver successfully."

[cwa1] 20/3/2019 07:28

Expansion in the currently, sadly, in the news area of Mozambique:-



Soraya Narfeldt, CEO of RA International, commented: "We are pleased to be increasing our strategic presence in Mozambique, which follows a detailed analysis of the potential opportunities available to RA International in the region. The land purchase and proposed establishment of a camp facility will result in the Company having a sizeable footprint in Mozambique which delivers on our geographical diversification plans.

"The acquisition of a stake in Royal Food Solutions will combine both companies' strengths, capabilities and local knowledge. We look forward to working with the RFS team and within the community."

[cwa1] 08/3/2019 09:28

Just taken a "contrarian" few at a touch under 37p. Hoping there's nothing seriously bad in the air and that I'm the only person that doesn't know about it! Hopefully it is just oversold and nervous or bored holders offloading.

Obviously this could go either way but it wouldn't take much positive news to send this on an upward trajectory.

Fingers crossed anyway.

[cwa1] 08/3/2019 09:04

Not a lot of love being showed to this one. Dropping off by the day. Wonder where the bottom will be.....

[imjustdandy] 22/2/2019 08:47

Not much stock around