Reach4entertainment Ente... Share Discussion Threads

[21trader] 30/6/2015 12:28

No online quote at 2.3p offer as well to buy

[21trader] 30/6/2015 12:26

Good luck buying the dip they have just pulled online buy limits to zero.

Instant filters are reks and singer8 they will destroy this thread if you respond
to them

[reks] 30/6/2015 12:20

beware of 21trader guys he has been pumping 3 stocks today and then dumping

[21trader] 30/6/2015 12:14

callumross

Premiums only and plenty seem happy to pay this.

[ten bag man] 30/6/2015 12:13

Looks like the AGM went well.

[singer8] 30/6/2015 12:12

serial pump and dump be WARNED
21trader 21twitter hatetrader
check out his failures

[callumross] 30/6/2015 12:11

I have tried to top up based on the second announcement but TDW is rejecting my request for a meagre 50k at 2.1p

[21trader] 30/6/2015 12:10

took some very hard to get any size before and now none at all.

Advance warning I have a serial nutcase stalker called singer 8 he will
probably take over this thread so filter in advance.

[ten bag man] 30/6/2015 12:07

2.5P ord shares.

So no placing under that price in my view.

[ten bag man] 30/6/2015 12:05

Turnings over best part of £100M.

1.3M market cap.

Silly.

[ten bag man] 30/6/2015 12:04

It's clear this guy will make sure R4E come back from their dead.

Part one is done.

Part two is easy, just get a 29% new shareholder on board. !!

The company looks rather good with the debt reduced.

[singer8] 30/6/2015 12:02

21trader 21twitter hatetrater
WARNING pump and dump in operation
he has been doing it for 20 years
he will never stop

[21trader] 30/6/2015 12:00

Just thinking what happened to STY recently not a million miles from this STY
gone from 60p to 145p now in a week.

[callumross] 30/6/2015 11:55

Interesting to see from todays second announcement that the board expect the current negative equity of £5.7m to be transformed into positive equity for shareholders provided the debt refinancing is completed and an exceptional gain of £4m to boot. few hurdles to pass yet but this could, just could, be a classic turnaround story.

[jakleeds] 30/6/2015 07:55

Cracking statement here, but another microcap (sub£5m) with an awesome statement and turnaround is MOGP...

[smart_investor] 11/6/2015 11:52

"With the market cap still just circa £1.75 million and the company profitable and now looking to have taken a decent step towards a sustainable future, we hope you made a good turn on the average down call at 0.75p and pro tem -as we await details of funding the stance remains hold. We can see a scenario where the shares easily double again but until the fog lifts it is better to wait"


LOL it is funny, how long was the share at 0.75p for?

They have been saying a buy since 5.5p but at least they used the words 'average down'

99.999% of shareholders are significantly down here and will be waiting to break even at 5p 10p 20p etc

Agree with them though that R4E could easily double again.

[smart_investor] 11/6/2015 11:48

Reach4Entertainment - deal done with bank

Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Reach4Entertainment* (R4E) has announced it has entered into a conditional agreement to restructure its existing £14.785 million loan facility. This would see £5.155 million of debt converted into new shares equivalent to 12.5% of the fully diluted share capital on completion of the restructuring and a put option granted by R4E, the exercise of which would see it buy back the shares in five years for £2 million. The remainder of the facility is to be repaid in cash, with the agreement giving R4E until 30th September to secure the funding.

The company notes “having entered into initial discussions with new lenders, we are confident we can secure debt facilities which will necessarily be at a lower cost to our current loan facilities” and that it also “has started discussions” for new equity funding.

Having previously outlined that “the level of debt is too great for a company of this size, and needs to be reduced, particularly if the company is to have the ability to invest in its future potential in an evolving digital world”, Executive Chairman David Stoller’s view that “this is a very good day for r4e” is understandable, but there is still clearly a long way to go for a successful resolution here – also including AGM shareholder approval at the end of this month.

Without a financial restructuring, the position does not look – for example, it noted in the announcement “there is uncertainty over the company's ability to meet a significant scheduled repayment of the existing facility in April 2016”. As such, this remains a highly speculative proposition – though the shares are significantly ahead to a current 2.25p-2.35p, rewarding those who followed our recent views that it might be worth a small flutter as the valuation had reduced to such levels that there looked potential for a significant re-rating should a new financial agreement be reached.

With the market cap still just circa £1.75 million and the company profitable and now looking to have taken a decent step towards a sustainable future, we hope you made a good turn on the average down call at 0.75p and pro tem -as we await details of funding the stance remains hold. We can see a scenario where the shares easily double again but until the fog lifts it is better to wait.

[smart_investor] 11/6/2015 09:45

Great week here so far.

Ready for the next push up on news.

[ten bag man] 10/6/2015 19:28

News flow is on its way with the GM only days away.

[smart_investor] 10/6/2015 19:26

Why no comment from Winnie today?

His followers have been in this share since he/sharepropets gave it a buy rating at 5p.

He has given it recent coverage at 1.5p but yet has not commented on it today??

[smart_investor] 10/6/2015 19:12

I said some time ago the BOD would want some positive coverage going into the AGM.

Today we got that positive news with the bank deal.

More good news to come I feel

[smart_investor] 10/6/2015 18:46

Today was the beginning of the re-rate

Investors know now this company is not going bust any time soon. And that is what put this stock at these lows in the fist place - the fear of this happening.

Now that fear has gone it will be a swift rise to well over 3p alone.

[simpletonremover] 10/6/2015 17:54

Patience.


Let the news filter through.


As quoted in the Rns by the Executive Chairman : 'This is a very good day for r4e'.

[bckttsim] 10/6/2015 16:41

Disappointing day, yes I know 50% up however in the past this would have done 100 - 200 % on this type of news easy.It just AIM at present is dead.So many punters been had by MM's they have left the scene.Looking at the list of shares I follow , I sometimes wonder if the live feed has failed because of the lack of trades.Shame.

[ten bag man] 10/6/2015 11:59

A nice few words in the small cap sections in the Times and Daily Mail tomorrow me thinks.

If it makes it into the FT then we're going to see real action.