Ra Share Discussion Threads

[norbert colon] 08/9/2020 08:55

Encouraging to see "all major projects now having all recommenced" and the MTN facility in place to help fund camp facility investment. A very decent set of interims given the circumstances and the $US205m order book (including a further $US20m from Danakali) is excellent.

[jamessmith23] 08/9/2020 08:03

The short termism of the markets mean I wouldn't be surprised to see a drop due to the delay of construction products. Apart from that long term prospects are looking good.

[shanklin] 08/9/2020 07:40

Last year's H1 were pretty poor but that has now turned into a benefit because even with Covid, RAI has significantly exceeded them.

I no longer hold but suspect they will do well from here. Just don't agree with giving much/some(?) of their cash balance to themselves through buybacks.

[rivaldo] 08/9/2020 07:31

Agreed. The H1 results were better than I expected, and surprisingly are much better than last year's. They provide a good platform for the year. I just wonder whether the naturally weaker H2 which has been flagged for ages due to COVID may actually turn out better than expected.

The order books are bursting at the seams, and RAI has over $20m net cash so is nice and secure.

Very pleasing.

[flc] 08/9/2020 07:16

Interim statement reads well...couldn't have asked for much more really and demonstrate what a well run business this is with excellent prospects for continued growth.

[rivaldo] 07/9/2020 07:45

Another 300,000 shares bought back, at 62p....very confident:

[shanklin] 03/9/2020 15:38

Worth remembering all this cash used for buybacks is simply being thrown away as far as we investors are concerned, or rather used to incentivise staff... ...including directors? RAI have been very vague about recent performance but the future certainly looks very positive... ...provide RAI can show that operationally they have done all they can given Covid-19. We don’t need another COST type contractor

[norbert colon] 03/9/2020 12:46

With the order book having grown from GBP90m in Dec 17 to GBP 120m by June 2019 and now GBP150m at Aug 20 I'm happy with the direction of travel. They have taken time to bed in as a listed biz and have had some hiccups (who doesnt) but they have a great ethic and culture and mgt are motivated to drive the business so let's hope so!

[wee jimmy] 03/9/2020 12:41

@Norbert Colon
"Now my largest holding at 20% of PF"
I sincerely hope your conviction proves to be right.
As you say it's the order book and outlook that matters from here.

[norbert colon] 03/9/2020 11:38

About 2.8m of 5m shares now repurchased. I agree with Mark that the historical results won't be great but it's the order book and outlook that's key. I would hope the valuation hence holds up well on results day. Now my largest holding at 20% of PF.

[rivaldo] 03/9/2020 09:49

Agreed re both the historics and the outlook. I wouldn't have thought there's many short-termers here, and those PIs that are around can see the upside from all the recent RNS's.

Good to see another 200,000 shares bought back at 59.25p as just announced:

[dangersimpson2] 03/9/2020 09:06

I don't think the results will look that good on a historical basis so we may see some weakness on the day. However, the outlook will be very strong given the recent contract wins.

The company continues to buyback shares at this level, and while it is managed by Cenkos independently from the company during this close period, it clearly still meets the guidance the company have given Cenkos to be buying at the current price. This suggests that the company still feel the current price undervalues the future potential.

[rivaldo] 03/9/2020 08:05

RNS - H1 results will be out next Tuesday 8th September:



Ticking up once more already today - this is looking well supported now.

[rivaldo] 27/8/2020 09:30

Brief update by Mark Watson-Williams on Master Investor last night FYI:

"RA International (LON:RAI) – order books up and still buying its own shares

Less than two weeks ago this provider of services to remote locations in Africa and the Middle East announced a $60m contract with a global engineering and construction group for a project in Southern Africa. That took its order book up to an impressive $188m.

Then at the end of last week the company declared that it had been appointed as the preferred contractor to Danakali and its partners on a $20m plus contract in Eritrea, in East Africa.

The company is still buying in its own shares, the last purchase was of 800,000 shares at 56.1p each, taking its treasury holding up to 2.62m, representing some 1.53% of its own equity.

The shares closed last night at 57.25p."

[arregius] 24/8/2020 08:12

https://www.danakali.com.au/images/stories/axs-announcements/2020/20200820_Colluli_Project_Update_Appointment_Contractor.pdf

[arregius] 21/8/2020 08:32

Cause there was more volume?

[rivaldo] 21/8/2020 07:09

Nice - the buyback programme has stepped up a gear, with 800,000 shares bought back at 56.1p:

[wee jimmy] 20/8/2020 09:16

Good stuff. ? missed by the market as the RNS came out after 8am.

[rivaldo] 20/8/2020 08:37

Yep - another $20m contract likely in the bag over the next two years. Starting to motor now:

[flc] 20/8/2020 08:18

...and another one :-)

[phurley] 14/8/2020 04:07

From below :Stock Watch - RA InternationalOutsourcing minnow RA International inked a £46million two-year deal to provide services to an engineering group that focuses on oil and gas.RA International will be in charge of facilities management – which can include doing laundry, supplying food and cleaning – for the unnamed company in Southern Africa.Shares in the AIM-listed business, which also sets up refugee camps for UN agencies, surged by 19.1 per cent, or 8.8p, to 55p.

[phurley] 14/8/2020 04:06

https://www.google.co.uk/amp/s/www.thisismoney.co.uk/money/markets/article-8625051/amp/MARKET-REPORT-Shares-surge-Dignity-price-cap-plan-buried.html

[zoolook] 13/8/2020 21:16

Quite a few posts in the comments section of the Stockopedia Small Cap Report:

hxxps://www.stockopedia.com/content/small-cap-value-report-thu-13-aug-2020-tpt-trb-gdwn-cgs-pen-dlar-pvg-652183/?page=2#comments

[flc] 13/8/2020 20:54

They did say that certain prospect bids were transformational and this proves the point. Niche as they are, this type of business is relatively nimble and can move quickly which is a massive asset in these uncertain times. Very interesting to see what future contract wins will look like.

[scooper72] 13/8/2020 19:08

I thought part of the point is that they are the experts at dealing with temporary infrastructure in out of the way volatile places. So it kind of goes with the job. For me the main thing is that it's a niche that hopefully they continue to build a track record in and this trust of the people who need their services.