Reach4entertainment Ente... Share Discussion Threads

[michaelmouse] 28/2/2017 14:59

It's also re-assuring to know that as recently as December 2016, R4E breached its banking covenants.

Still not to worry. They've appointed Michael Grade as a NED. A nice pair of safe hands to help guide progress? Hopefully, not in the same way as his brief tenure as CEO at ITV between 2007 and 2009 where the company's shares fell to their lowest point in the last 10 years.

[michaelmouse] 28/2/2017 14:23

A cracking bunch of Directors here then:-





The company is clearly safe in their hands. LOL.

r4e - reachforthesellbutton.

[ironstorm] 09/2/2017 16:44

Big jump today - bit delayed after the bullish trading update.

Volume very strong - wonder if it is Gate Ventures buying more. If so expect a RNS tomorrow?

Anyway interesting to see if it continues. Maybe at last showing its true potential. Think this share is my longest holding after many years of averaging down I could make something out of this.

[rwauu] 02/1/2017 11:06

Breached banking covenants!!! Ha ha ha!!!

[mortimer7] 15/11/2016 09:58

Increasing their stake....

[michaelmouse] 08/11/2016 16:17

arthur - "I am a follower not a leader"

"after a 15 year career in the city"

Explains a lot ;)

[michaelmouse] 08/11/2016 15:46

arthur - Just for the record, don't try and be clever telling everyone you made 22% in a week. It suggests that this is a regular occurrence. The mathematics tells us why these boasts are laughable. If you could reproduce this over a year by compounding then a initial £1000 stake would be worth nearly £31m by year end.

The truth is that most short term traders might make 22% one week and then lose 20% etc the next and so on.

The stats say 90% of short term traders lose money. However, I except that those who post on ADVFN are all winners and are all billionaires ;).

[michaelmouse] 08/11/2016 13:56

arthur - "well mickeymouse, I chse to ignore you and have sold half of the ones I bought for a 22% turn in a week"

"I am a follower not a leader"

Really? I started commenting on these when they had spiked to 2.5p/2.8p?

If you're a follower then you would have been buying at 4.75p as originally advised?



Strangely I've never met a short term trader that has made a bad trade ;)

[arthurdaley69] 28/10/2016 11:02

many thanks elrico.
So he's another clueless small time punter with no clue...I think I will short R4E and back him rather than Nigel Wray who owns 26% and backed the raising...in topsy turvy world that would appear to be the right thing to do.

[elrico] 28/10/2016 10:55

Apologies for off topic, but you should be aware! Anyone tempted to go to the self promoting bmichaelmouse - serial basher.

Here's what you won't learn from his guru skills.

Interesting spin, especially the topic of the share price. Remind us of your two darling "growth" investments on a 12 month view.

Avanti; THE FRAUD! 250p now 24.5p - by his own admission he bought at 170p and 120p and advised buying at 48,p. If you were brave, being his caveats.

Another of his growth stocks
Trakm8: The cash guzzler and creative accounting magician 360p now 153p. But to be fair, you got a maiden 2p divi. Shame it can't afford it. Isn't that the same trick a number of Chinese frauds use to sucker investors in!

But his favourite part-time is bashing TW related stock. Revenge for short advice on some of michaelmouse shares.

[arthurdaley69] 28/10/2016 10:21

Michaelmouse, what is it you particularly do not like about this company?
Post after post, all negative, but not sure why?
This company appears to have a low mkt cap for a company that grew revs by 15% and pbt by 55%. Yes they have said that the second half will be more challenging, purely because there will be fewer shows launched, after a stellar H1.
The fact that the placing was done at a sensible level (rather than the huge discounts I have seen in aim-world of late), and finally, I always try and follow smart people.
Nigel Wray is a serial entrepreneur, and has been since the 1980's...I fancy if he is happy to back the management and back the business with his own cash, then it's good enough for me.
Clearly Michael you think you know better, so would love to know why???

[michaelmouse] 27/10/2016 12:44

LOL. "The lady doth protest too much, methinks"

From the article above:-

"I just feel furious and dirty."

We all know you're just "dirty" Tom.



"There's a rat in mi kitchen what am I gonna do?
There's a rat in mi kitchen what am I gonna go?
I'm gonna fix that rat thats what I'm gonna do,
I'm gonna fix that rat."

All imho of course. All innocent mistakes from the virtuous Tom I'm sure.

[michaelmouse] 27/10/2016 08:51

Did you notice this from yesterday's report:-

"In September 2016, the Company reported a strong set of figures for the six months to 30th June 2016 and while the second half is expected to be more challenging, with fewer shows being launched, the business remains on track to meet expectations for the current year."

Second half more challenging!! In-line eh, let's wait and see.

[michaelmouse] 27/10/2016 07:35

Oh yes. All imho of course.

[michaelmouse] 26/10/2016 16:43

Incidentally, ADVFN released their results 21 October.



"On 19th May 2016 an agreement was reached to dispose of the business Investor Events Limited and was completed 30 September 2016. The proceeds of the disposal amounted to £40,000 and exceeded the book value of other related net assets and accordingly no impairment losses have been recognised."

It appears those 'investor shows' have been "binned-off" for the princely sum of £40,000. LOL.

I think it's called putting a safe distance between the company and "so-called" investor shows.

[michaelmouse] 26/10/2016 16:00

Well I did warn you all about this company and the pump merchants trying to create a false market in their shares.

Another proposed placing to raise £2m this time.

Take a brief look back at my posting history whilst these shares were well above 2p.



Just 6 days ago though, we had this:-



Draw your own conclusions. LOL.

[arthurdaley69] 26/10/2016 12:21

This all seems sensible to me; they something rarer than hens-teeth in Aim-world; a company with a sustainable business, with income that MAKES MONEY!!

With the debt under control, this raising (not undertaken at a HUGE discount) all seems sensible, and most importantly, the larger shareholders look like they are co-investing.
As I have said before, I prefer to follow smarter people than myself, and this I will do if I can pick any up bid-side.

[arthurdaley69] 26/10/2016 12:15

26 October 2016
reach4entertainment enterprises plc
('r4e', 'the Company' or 'the Group')
Proposed placing to raise up to GBP2,000,000
r4e, the transatlantic media and entertainment company, announces its intention to undertake a placing (the "Placing") of new ordinary shares in the Company ("Ordinary Shares") at a price not less than 1.5p per Ordinary Share to raise up to GBP2,000,000 (before expenses).
The Placing, which will be undertaken within the Company's existing share authorities, will be conducted by way of an accelerated book build ("Bookbuild") and Allenby Capital Limited will be acting as sole bookrunner in relation to the Bookbuild. The Placing will result in the issue of not more than 133,333,334 new Ordinary Shares (the "Placing Shares").
The number of Placing Shares, pricing and the aggregate proceeds to be raised through the Placing will be finally determined following completion of the Bookbuild process. A further announcement in respect of these details will be made following completion of the Bookbuild process. The timing of the closing of the book and allocations are at the discretion of Allenby Capital Limited (after discussion with the Company).
Certain of the Directors of the Company and current significant shareholders have indicated an intention to participate in the Placing. Further details of the Placing and confirmed participation by the Directors and significant shareholders (if relevant) will be set out in the announcement to be made on the closing of the Bookbuild which is expected to be made later today. Members of the public will not be entitled to participate in the Placing.
The Placing Shares will be issued credited as fully paid and will rank pari passu with the existing ordinary shares, including the right to receive all dividends and other distributions declared, made or paid on or in respect of the ordinary shares after the date of issue of the Placing Shares.
Reasons for the Placing and use of proceeds
The net proceeds of the Placing will be used to establish the foundations for the next stage of the Group's development as follows:
1. leveraging the market leadership positions in London and New York to expand geographically, starting with Dewynters in Germany; 2. launching a new data-driven marketing and analytics division; and
3. re-organisation of key functions to support the above developments.

Dewynters in Germany
Dewynters in Germany ("DG") was launched in October 2016 to provide a presence for the Group in the world's third largest commercial theatre market. With Michael Hildebrandt at its helm (until recently Director of Strategy and Development at Stage Entertainment Germany), it is the Board's view that DG will be the first agency of its kind in Central Europe to provide creative, consultancy, and experiential events with two key service models:
-- strategic and commercial support for brands in the entertainment and leisure industry; and

-- event creation for major brands looking for entertainment-driven solutions to marketing challenges
The Group is establishing an interactive strategy among its now three agencies, supporting the award and transfer of individual shows and combining projects (including the new data marketing and analytics initiative) across all three markets.
Data-Driven Marketing & Analytics Division (under the Jampot subsidiary)
The Group's objective is to assist clients to sell more tickets, at a higher yield, with a lower cost. The Group has a strong background in data-driven marketing (significantly enhanced by the acquisition of Jampot) and improvements in application program interface (API) technology now enables r4e to analyse the effectiveness of its advertising campaigns. With natural access to a specific data set relating to ticketing and digital and offline media, the Group intends to capitalise on Jampot's experience of data analysis to build its own marketing analytics service.
Re-organisation of key functions
In order to support the above initiatives, the Group is re-aligning key functions to accelerate adoption of a data-driven marketing approach and will seek to leverage specific current services and assets, including design and digital media buying, with analytics to support and enhance the economics of geographical expansion, starting with Germany.
Trading Update
In September 2016, the Company reported a strong set of figures for the six months to 30th June 2016 and while the second half is expected to be more challenging, with fewer shows being launched, the business remains on track to meet expectations for the current year. Looking further ahead into 2017 and beyond, the Company is well positioned to benefit from its core businesses in London and New York and to also benefit from the investment proposed today.
Proposed Board appointments
In line with the board's strategy for growth, r4e also announces the proposed appointment of two non-executive directors to the board of the Company. Lord Michael Grade is proposed as a non-executive director. Lord Grade was formerly Chairman of the BBC, Executive Chairman of ITV plc and has held positions on the board of a number of public companies, including Pinewood Group plc. Mr Grade is currently a director of Gate Ventures plc, a significant shareholder in the Company. It is also proposed that a second non-executive director is appointed to the board. The Company is in advanced discussions with a preferred candidate with a great deal of experience of the entertainment industry and who currently holds a senior executive role at a global entertainment group. The appointments of the proposed directors are subject to the satisfactory completion of the usual regulatory due diligence process and further updates will be made at the appropriate time.
David Stoller, Chairman of r4e, said: "r4e is a different company today. Our balance sheet is healthy with an GBP11.0 million reduction in borrowings at 30 June 2016 compared to 30 June 2015. We have strengthened our management team across our core businesses, which continue to be market leaders, and our strategic plan is in place: to grow by leveraging our remarkable capacities and creativity and strategy to expand into new geographies and great new business opportunities, all supported and driven by a focussed commitment to data-driven marketing and analytics. I look forward to welcoming two extremely talented new individuals to our Board to help position us for our next stage of development. Our future is exciting, and we look forward to providing further updates."

[mortimer7] 14/9/2016 15:12

Das ist sehr gut ja?

[fillipe] 12/9/2016 15:58

I still watch from the back row, but with diminishing ardour and even less so to renew my season ticket.

f