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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Reach4entertainment Enterprises Plc | R4E | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.225 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.225 | 0.225 |
| Top Posts |
|---|
Posted at 21/2/2020 13:56 by imjustdandy Forecast cash was £1.1m and they have £2.75m cash in bank - boom• Forecasts. We raise our PBT/EPS forecasts by +27% to £1.9m/0.10p (was £1.5m/0.08p) for FY19 and +5% to £2.3m/0.11p (was £2.2m/0.11p) for 2020. We view our 2020E estimates as highly conservative given the strong momentum across R4E. • Balance sheet. The group finished the period with net cash of £2.75m, comfortably ahead of our previous forecast of £1.1m. |
Posted at 21/2/2020 13:54 by imjustdandy We note that the strong FY19 update follows on from a very robust set of interims that were also well ahead of our forecasts. We believe R4E has very strong momentum as it continues to expand into the broader area of live entertainment and in our view the shares offer compelling value. We retain our Buy rating and target price of 2.40p. |
Posted at 22/5/2019 07:44 by ramas I've a bit of fun money here but r4e feels like smoke and mirrors to me and as a humble pis am I just the mushroom, anyone care to try and convince me otherwise ? |
Posted at 22/2/2019 11:04 by fillipe There's a strong buy note out on R4E from Dowgate today, following the Acquisition of "Sold Out" and Placing.Tp of 2.4p although there are feelings this may be too low. f |
Posted at 03/9/2018 10:21 by pj 1 LOL what a Laugh.They have been ''tipping'' R4E since...wait for it October 2013, yes 2013, just 5 years ago. Oh and the share price 4.5p. So if you followed its only a 70% loss Today it is still a buy, but wait for this, The target price is 3.5p, actually BELOW what it was ''TIPPED'' at. If you can work it out you are a better man than me. |
Posted at 22/5/2018 08:34 by pj 1 Agree. 2018 looks no better, again hinting at more 'expansion' and 'transition'''"r4e represents a natural platform upon which to build an international live entertainment marketing business and we believe we have the necessary experience to make this happen. To that end, 2018 is likely to be a year of transition as we focus on bringing all parts of the business together to act as one team, providing our innovative, data led marketing services to events and theatre show where ever they are taking place. We look forward to finalising the restructuring of the business and pushing forward with expanding in the areas we have identified. Note the lack of any hint of profits. |
Posted at 05/3/2018 12:27 by michaelmouse That's comforting. Again. ;) |
Posted at 13/2/2018 14:03 by 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:- |
Posted at 05/12/2017 15:52 by 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. |
Posted at 26/10/2016 12:15 by arthurdaley69 26 October 2016reach4entertainment 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." |
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