Share Name Share Symbol Market Type Share ISIN Share Description
Reach4Entertain LSE:R4E London Ordinary Share GB00B1HLCW86 ORD 0.5P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 1.575p 0 08:00:00
Bid Price Offer Price High Price Low Price Open Price
1.50p 1.65p 1.575p 1.575p 1.575p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 80.21 -2.69 -0.30 15.8

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Date Time Title Posts
24/5/201806:38Reach4Entertainment Enterprises1,108
04/12/201321:04R4E ONE FOR ME.!!459

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Reach4Entertain Daily Update: Reach4Entertain is listed in the Media sector of the London Stock Exchange with ticker R4E. The last closing price for Reach4Entertain was 1.58p.
Reach4Entertain has a 4 week average price of 1.45p and a 12 week average price of 1.45p.
The 1 year high share price is 2.38p while the 1 year low share price is currently 1.13p.
There are currently 1,005,597,052 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Reach4Entertain is £15,838,153.57.
michaelmouse: hTTps:// That's comforting. Again. ;)
michaelmouse: Oh dear, it appears that Gate Ventures is getting rid of it's entire stake in R4e. Yep that's 23.5% of the entire share capital. Now that's interesting since Michael Grade is an NED of R4e I believe and the Chairman of Gate Ventures. What a vote of confidence that is. LOL. This company consistently lurches from one disaster to the next:-
investorschampion: The big question is will the new CEO with his ambitions for cost savings, efficiency and growth be able to turn fortunes around. The two main businesses must surely have considerable potential for growth and expansion. If Marc Boyan can succeed in turning things around then the current share price will look very cheap but this share is not one for the risk averse! Detailed commentary on our website.
michaelmouse: IronStorm - LOL. "As a result, the Directors anticipate that EBITDA for the 12 months to 31 December 2017 will be below market expectations." I'm sure they are now trading in line since expectations were considerably revised down, and results will be awful. "new CEO taking a stake in excess of 11% spending his own money (tho of course there are some of those share options)" As I said the absence of any new investors meant he probably had no choice. "probable strategic relationship with Miroma." Gosh how exciting! A probable strategic relationship. Wow! ;) As I said before, investors should be glad that the current investors stumped up to save their own skins otherwise the company would have gone belly up. If you think this is "the best news for sometime" then best of luck. As ever aimho, but bargepole stuff PIs beware.
michaelmouse: hTTps:// LOL. That's the way to do it. Sneak out a profit warning midday on a Thursday during the bank holiday week and hope nobody is watching. Oh dear the banking covenants look like they'll be breached again. Oops! Next stop 0.5p methinks. Now who is involved with this one and who has tipped this all the way from 4p downwards? Let me think? LOL. Aimho of course. Told ya so. Again.
michaelmouse: Naughty naughty. Raised £2m in October to develop the business and have now had to use more than £500,000 to pay down their debt. I anticipate further trouble ahead. "In addition, the Company has been able to repay its Cash Flow Term Debt facility with PNC of GBP553,081. Repayment was made from unutilised proceeds from the October 2016 share placing, which has not been required for investment into the Company's new initiatives as a result of these initiatives performing better than expected in 2017. The repayment will result in reduced interest costs in 2017. The monies used to repay the Cash Flow Term Debt facility are expected to be replaced over the course of the next 12 months from the cash flows of the subsidiary companies to provide further investment for the ongoing or new initiatives." "unutilized proceeds" indeed. LOL. So they didn't need the cash for investment but they hope to replace the cash over 12 months for further investment in the new initiatives. Eh? I smell the whiff of yet more fundraisings. Aimho of course.
michaelmouse: Oops 'ere we go! "However, notwithstanding the variation to the covenants in the Variation Agreement, trading in 2016 was unusually weighted towards the first half of the year and 2017 is expected to return to the typical trading pattern of a stronger second half of the year, the aggregation of which on a rolling 12-month basis may result in the new covenant tests being breached this year. The Company and PNC are monitoring the position carefully and remain in close correspondence, but the directors of the Company understand that PNC remains supportive of r4e." Seem to make a nasty habit of breaching their banking covenants don't they. LOL.
michaelmouse: Oh dear, oh dear!! Good post BrianGeeee. Is it the smell of further profit warnings wafting towards us I wonder? Let's hope the banks remain understanding? Yikes. After all the recent dilutions, I expect another profit warning wouldn't go down well. Share price would surely tank below 1p? All AIMHO of course.
michaelmouse: R4E share price already down. Much further to go. Any economic downturn or disruptive event could potentially finish this business. Toxic combination of debt, few assets, and year on year losses. Happy to listen to a bull case.
salonie: Starting to move up, although to be fair it can't go much lower! A quick reminder A high turnover +£75M and VERY low mkt CAP of £2.2M at the current bid price of 3.25p, this certainly has potential to double or treble from this level. R4E has a fair bit of debt although re-organisation over the last few years has reduced overheads substantually and it is making a small/increasing profit. It shouldn't take much to increase the profit from these levels. Also has an interesting development with Stage 17, which is worth a look. Anyway the Allenby research note in April sums up the rest:- REACH4ENTERTAINMENT ENTERPRISES (R4E) EQUITY RESEARCH Allenby Capital +44 (0)20 3328 5656 Code (R4E) Listing AIM SHARE DATA Profits recover far faster than forecast reach4entertainment “r4e” has just announced far higher profits for 2013 than expected. This imparts confidence that management plans aimed at profit recovery, post its 2012 strategic review, are beginning to deliver. Further profit recovery is expected in the current year. r4e is the leading s pecialist in the promotions’ markets in both New York and London. These markets are likely to remain buoyant over the next few years, and this bodes well for r4e. The share price has begun to respond but stills lags far behind historic levels. In our view, the shares are undervalued by at least 50%. Buy – Strong growth last year. Revenues rose by 11% in 2013, operating profits by 56%, pre-tax profits by 83% and EPS by 80%. Free cash flow increased seven-fold. Net debt remained high at £12.9m having absorbed costs of £2.2m for deferred consideration and office relocation. – 2014 forecasts trimmed. Despite the good results just posted, we have shaved our pre-tax profit forecast for the current year from £1.08m to £0.95m. For 2015, we have reduced our forecast from £1.36m to £1.15m. This reduction is due to an expectation that r4e’s New York clients may not be able to repeat the exceptional commercial success they enjoyed last year and by the uncertainty expected from a number of imminent West End closures. r4e aims to replace this income by securing work on some of the new shows expected to open during 2014. Even after reducing our forecasts, we are still expecting pre-tax profits to rise by 13% in 2014. – Broadway and the West End expected to strengthen further. Both London and New York enjoyed record box office receipts last year and all the signs are that receipts will rise further over the next few years. This should provide greater confidence to the financiers who fund new theatrical openings. – The share price has further to go. With buoyant markets in the West End and on Broadway, the way is clear for r4e to continue its profit recovery programme. We are forecasting compound growth in pre-tax profits of 17% per annum through to 2016. An outlook which we believe justifies a share price increase of at least 50%.
Reach4Entertain share price data is direct from the London Stock Exchange
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