Reach4entertainment Ente... Share Discussion Threads

[2000tober] 26/2/2015 19:01

Maybe they should sell either spotco or dewynters, they bought spotco $18.9 million £9.9 million at the time in 2008

[salonie] 26/2/2015 18:58

Shocking update. I also had hopes for a recovery.

[smudgedan] 26/2/2015 17:36

Iron, I think you may get that opportunity tomorrow. What I don't really get is that the loan has already been refinanced and I was under the impression they were happy with that. If the company performed as it should they could service the debt without a problem.

It seems that they are suggesting the 2015 projections would leave them with difficulty servicing the current loan. Doesn't inspire confidence imv.

[ironstorm] 26/2/2015 17:12

I have said previously I would add more if they hit 2.5 again - hmmm - brave or foolhardy.

Probably both!

[smudgedan] 26/2/2015 17:11

Jon, yep but they are effectively declaring a profit warning for calendar year 2015, with less than 2 months gone. My concern is if they are saying that now, how is going to look at 6 months! Shame as I had high hopes for this and it looked like things were on the up from the previous statements.

[ironstorm] 26/2/2015 17:09

Yes the good - hit expectations - am not sure what they really are I would say 1p but broker was saying 1.4p

Also not in breach of covenants.

But this years numbers are going to be down - I wonder if we can estimate by how much - do we understand the level of one-offs projects?

The 2nd biggest problem here is the level of profitability which considering it is boom time in America has not grown sufficiently - which means more cost to come out.

Am not sure I like the bit about 3rd parties funding unless that is the sale of something - what though? SpotCo would generate enough to cover the debt, Dewynters a fair portion of the debt and Newmans a smaller portion. But really they all fit together quite nicely for me.

So what about a sale of the whole business? Is that what we are talking here?

3rd party financing will be the worst outcome IMV.

[jon123] 26/2/2015 16:31

there going to hit this yrs targets its all about next yrs not being as gd as this n the mountain of debt is weighing heavily on there shoulders

[smudgedan] 26/2/2015 16:26

Yes, very disappointing. Second time this has happened to me recently, the other one was AEO. All pretty bleak given that with less than two months of 2015 gone they know they aren't going to hit their targets.

[jon123] 26/2/2015 16:25

lower tomorrow

[jon123] 26/2/2015 16:24

if i had any balls i'd buy but i see it going tomorrow

[jon123] 26/2/2015 16:22

lol it happens but some one is buying at these levels

[ironstorm] 26/2/2015 16:21

Doh! Tempted fate.

[jamielein] 26/2/2015 16:19

Well that wasn't ideal. Decided to sell my small (now much smaller) holding.

[jon123] 26/2/2015 16:16

i haven't sold mine as these things get oversold really quickly

i wonder what mr maclean is thinking right now lol i'm gutted tbh but hey its only money i don't complain when i win lol

[jon123] 26/2/2015 16:12

profit warning 4 next yr possible failure to pay off the loan next yr 2

[anony mous] 26/2/2015 16:07

Doesnt look that bad.Why 30% drop in share price

[jon123] 26/2/2015 15:54

you spoke too soon iron storm

[ironstorm] 26/2/2015 11:29

Its looking like we are not going to get a TU this year which have in recent history come in Jan / Early Feb.

Does that mean that they must have hit their end of year figures? Otherwise they would have had to update.

In which case next report will be the annual results due late march / early april.

And they will have generated over £2m cash and EPS >1p.

[smudgedan] 20/2/2015 18:15

Holdings RNS. Francis MacLean increased his holding to 8.2%

[smudgedan] 20/2/2015 12:12

More sizeable trades both way, maybe some sort of transfer, but certainly much higher volume than usual.

[smudgedan] 20/2/2015 09:09

Another decent buy gone through this morning. This time 8k.

[smudgedan] 17/2/2015 20:46

Good day here today. Been some decent sized buys recently. Hopefully this will continue as the week progresses.

[salonie] 17/2/2015 17:55

Good turnaround today blondviking, hopefully we will get a few more days like today. I would also like to see a tighter spread, 1p is a bit much! Anyway closed a lot better.

If the performance continues as previously indicated, it should be a good year for R4E.

ATB

[blondviking] 17/2/2015 14:17

Nice lift lift this pm on very little volume