[ADVERT]
Share Name Share Symbol Market Type Share ISIN Share Description
Reach4entertainment Enterprises Plc LSE:R4E London Ordinary Share GB00B1HLCW86 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.225 0.20 0.25 - 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 77.7 -0.2 -0.0 - 3

Reach4entertainment Ente... Share Discussion Threads

Showing 1426 to 1445 of 1950 messages
Chat Pages: Latest  66  65  64  63  62  61  60  59  58  57  56  55  Older
DateSubjectAuthorDiscuss
13/5/2015
08:00
I think at .75 you could have a multi-bagger - BUT I have too many to buy more. And I don't want to be anymore red-faced ;-)
ironstorm
13/5/2015
07:27
Plenty buys this morning!!
smart_investor
13/5/2015
07:24
Could work out very well for you Davy
smart_investor
12/5/2015
17:13
very brave (or very stupid?) I bought 1m at 0.75p when I thought the drop was overdone
davydoo
12/5/2015
12:16
I think you are right for the very brave they could be very cheap.
ironstorm
12/5/2015
10:53
From memory, the covenant measures are calendar qtrs, so 31 Dec, 31 Mar. I'd agree with you that the 31 Dec covenants were OK, but subsequently the Auditors came along with their impairment issue. When applied, this would then cause a retrospective covenant breach for 31 Dec. That coupled with the downturn in trading causing a problem for 31 Mar measure are probably the issues. All that aside, I do think the outcome hinges on trading. So the bank have a commercial decision to take.
mortimer7
12/5/2015
10:33
Thx Mortimer7 that clarifies things. So I guess the issue really is whether trading now is really poor or not and in the absence of any comment can we assume that? The trading last year was in line with expectations so therefore must be the best they have had. The earliest they could have been in default from my reading of last years communique was therefore after Q1. They have not stated they are yet (so it will depend on the small print that was not in the accounts). It could be later depending on performance. In 2013 they generated over £2m in cash and I would expect that to be higher in 2014.
ironstorm
12/5/2015
09:25
I think Section 46 is the legislation relevant to when the statutory accounts are issued without Auditors qualification. In this case, I'd guess the reduction of net asset value by the proposed impairment.
mortimer7
12/5/2015
09:08
Assuming the downturn in trading has resulted in a breach of the banking covenants, this would obviously trigger discussions with the bank. Unless trading & the outlook is really poor, it is unlikely the bank would want to trigger a default so soon after agreeing new terms. The best scenario would be the bank to issue a covenant waiver (usually for a hefty fee), reset the covenant measures and crack on. If this is the case, the asset impairment would be part of the process of resetting the covenants and also gets this piece of bad news out of the way now. No point going back to the bank in a few months time with another issue. I'd guess matters are currently with the bank credit committee to make a decision.
mortimer7
12/5/2015
07:57
anyone knows what the reference to section 46 means? I have googled - it seems to be about executing deeds . . . . Its all rather confusing things were going so well last year with a slowdown expected - but that should not have been terminal. No mention of current trading either. I smell fish. From a quick review at the half year results £13m out of £32m in assets is goodwill. A serious write-off in this number would have a massive effect as Net Shareholder Equity seems to be less than £200k.
ironstorm
12/5/2015
06:40
no wonder Webb has been offloading like his life depends on it.....
deanroberthunt
12/5/2015
06:35
Not one of Winnifraud's finest ramps sorry tips.
argy2
11/5/2015
20:39
Thats what I thought too.This new rns is way different.Thought banking side was all ok for longer term.no wonder the share price has slowly dropped.Cant go much lower now. Can it?
anony mous
11/5/2015
20:01
Latest RNS highlights the total incompetetance of the board. Last year it was : 8 April 2014 reach4entertainment enterprises plc ('r4e' or 'the Group') SUCCESSFUL BANK REFINANCING The Board of r4e, the transatlantic media and entertainment company, today announce the completion of a successful bank refinancing. The new agreement with Allied Irish Bank Group (UK) plc. ('AIB'), for which covenants have been agreed, establishes a six year term from 7 April and a new interest rate of 3 per cent over LIBOR, for r4e's GBP14.8 million revolving credit facility. Numerous capital repayments will be made over the term of the facility at amounts and dates specified in the facility agreement. The first repayment of GBP0.2 million is due in April 2015. Now it appears that we can't make the repayments. Looks like the manangement have been misleading shareholders.
salonie
11/5/2015
07:22
Another week has begun and no news!
smart_investor
09/5/2015
09:58
Interesting! I will be looking out for similar buys next week.
smart_investor
08/5/2015
13:11
That wasn't your 600,000 yesterday was it?
smart_investor
08/5/2015
13:10
ok boy...had a small dabble, but it's just a punt.. if I lose it all, I'll blame you and I won't be happy :) ....ever seen Cape Fear with Robert DeNiro ?
deanroberthunt
08/5/2015
13:03
well with the mcap under £1m it's basically priced for administration, so anything even remotely positive could see a good recovery....but you need to be prepared to lose the lot.
deanroberthunt
08/5/2015
12:53
Or maybe, just maybe you could catch it at the bottom, avoid wipe out and do rather well
smart_investor
Chat Pages: Latest  66  65  64  63  62  61  60  59  58  57  56  55  Older
ADVFN Advertorial
Your Recent History
LSE
R4E
Reach4ente..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20211203 19:59:22