Reach4entertainment Ente... Share Discussion Threads

[ironstorm] 13/11/2015 16:06

To justify 3p they need a much better year than was signalled in September - and if they were trading that well then they woud / should have let us now.

[ironstorm] 13/11/2015 15:56

This is a truly awful deal for long termers. The dilution is horrendous and it is not hard to see who comes out on top.

I would not expect to see 5p now for a very long time.

2.5p looks like the top to me and even that might take a while.

[patviera] 13/11/2015 14:17

Yup I know otherwise they would've been adamant at a lower price!!No downside here jut need to wait a month or 2 for indigestion to go

[arthurdaley69] 13/11/2015 13:50

They have taken warrants Pat, exercisable AT 5P!!

They will get not one single penny back if the shares do not rally north of there; that is a massive vote of confidence.

[patviera] 13/11/2015 13:44

Wray has put in 2m that's v good newsThe banks have written off 5m qd that's good newsThe business is doing wellMkt cap 17m vs turnover 80mShares will rise to 3pIf banks weren't confident they wouldn't have taken warrants

[mortimer7] 13/11/2015 13:28

It's a real shafting for existing PI's. What a way to treat your shareholders.

[arthurdaley69] 13/11/2015 13:27

And yes Barnet, it must be horrific for the people nursing big losses...Please do not think I am being flippant, as I have been in that situation many times.
All I am commenting on is the current update, which as I have said, looks sensible for the company, and brings a serial winner on to the table, who has an interest in ensuring they get it right...let's hope this is the end of peoples pain.

[arthurdaley69] 13/11/2015 13:24

Hi Pat,

I have looked at this deal and it really is transformational; and with Nigel Wray owning over a quarter of the company, it surely must be a good news.
Genuinely, and not a puff, I really do feel these have decent upside...and I am not say 50p in 2 weeks time....but re-tracing to 2-3p seems very achievable.

[patviera] 13/11/2015 13:18

Arthur daleyIs mkt cap 8m with 9m debt so ev of 17m at 1p?Turnover of 85m?Looks a good bet with company very busy?!

[barnetpeter] 13/11/2015 12:57

Sure...buy at 1p. Which is about a new low for this stock. Meaning every PI holding is at a loss......So it has a chance at these levels of ....er....new lows. lol

[arthurdaley69] 13/11/2015 12:43

Sorry Barnetpeter I disagree.

Nigel Wray who is a serial entrepreneur has 26% of this company now...it has a market cap of mothing, a whacking market share in their world, decent turnover and makes a profit.
They reached an agreeement on their debt (their only issue), and now will push on.

This is a BUY opportunity IMHO, and once the overhang of stock disappears this will creep back to pre panic levels.

[barnetpeter] 13/11/2015 12:31

Dreadful dilution for PI's. Hope most on here jumped out at the recent 3p levels. Not currently holding myself as I did. 1p placing.....

Not a buy above 1p imo.....still a lot of debt. Will watch for entry point myself.

[mortimer7] 10/11/2015 11:26

The news in todays RNS is helpful:
Strengthens the balance sheet.
Averts the anticipated dilution to settle this liability.

"It has now been agreed to waive this final payment of $1 million in full"

Looks like Drew Hodges had little option though. If he'd taken the $1m in shares at recent mid price per the agreement he'd have been well over the 30% mandatory takeover offer threshold. Still good that he hasn't taken any shares though.

[napoleon 14th] 08/11/2015 16:17

Share price move says thumbs down...
Why?

Maybe a case of buy the rumour & sell the news...

[dan de lion] 06/11/2015 11:54

The deal they have with the bank at the moment is investor friendly, if this new deal comes off it is even better!

[mortimer7] 06/11/2015 10:12

I would have preferred a resolution to the financing update by now & think R4E need to be careful pushing back at AIB. Albeit it's seemingly due to the inclinations of the potential new investors.
From experience Bankers Credit committees are very dictatorial with committee members who stand away from customer contact.
The main positive stressed today is trading seems to be going well & generating good levels of cash.

[tsmith2] 06/11/2015 09:15

Not good news

[dan de lion] 27/10/2015 12:56

Isn`t the re-financing supposed to be in place before the end of this month?

[smudgedan] 08/10/2015 08:48

That was me, wanted to free up some cash for PEL. Still holding some.

[dan de lion] 08/10/2015 08:31

Some big sells first thing?

[napoleon 14th] 06/10/2015 16:22

Now priced to go up...

[bckttsim] 28/9/2015 11:15

Undervalued , now finance is coming into place.Was priced to go down .

[jakleeds] 28/9/2015 07:57

Francis Maclean added even more....