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REAT React Group Plc

71.00
2.50 (3.65%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
React Group Plc LSE:REAT London Ordinary Share GB00BPCTRB97 ORD 12.5P
  Price Change % Change Share Price Shares Traded Last Trade
  2.50 3.65% 71.00 53,950 14:38:46
Bid Price Offer Price High Price Low Price Open Price
70.00 72.00 71.50 69.00 69.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Bldg Clean & Maint Svc, Nec 19.58M 50k 0.0000 - 758.03M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:12:32 O 1,473 71.00 GBX

React (REAT) Latest News (4)

React (REAT) Discussions and Chat

React (REAT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:12:3371.001,4731,045.83O
15:10:4970.221,6001,123.55O
13:38:4670.0011882.60O
13:38:1570.837,5005,311.88O
12:13:5771.004028.40O

React (REAT) Top Chat Posts

Top Posts
Posted at 25/4/2024 09:20 by React Daily Update
React Group Plc is listed in the Bldg Clean & Maint Svc, Nec sector of the London Stock Exchange with ticker REAT. The last closing price for React was 68.50p.
React currently has 1,067,648,507 shares in issue. The market capitalisation of React is £758,030,440.
This morning REAT shares opened at 69p
Posted at 25/4/2024 10:46 by gbenson1
The share price is at a conundrum, there aren't many share is issue so the MMs are hoping for some sellers, but investors are waiting for a price increase from the 67.5p 1/50 split, somethings got to give, unfortunately I think the MMs will have to increase the bid price to stimulate sellers which will break their hearts..
Posted at 25/4/2024 09:36 by rivaldo
Dowgate Capital have retained their Buy and 100p price target.

They forecast 6.9p EPS to this September,rising to 8.1p EPS and then 9.0p EPS, though they state that even these are based on conservative assumptions.

The £1m cash pile at September rises to £3.1m and then £5.1m. Though it's likely that there'll be more earnings-enhancing acquisitions by then.

In summary:

"Positive 1H momentum shines through.

React Group has released a positive update that has confirmed that the strong 2H 2023A momentum has continued into 1H 2024E, with what was described as a ‘record trading performance’. The Board has reported good sales growth in all three divisions of the business, with the statement commenting that the Board has ‘a high degree of confidence in achieving full year market expectations.’ We have left our FY 2024E forecasts unchanged at this point. These assume FY +9% revenue growth, but in our view, there could be an accent on the upside as the year progresses, following 1H revenue growth of +14%, and contract wins that should benefit 2H and next year. We retain our Buy stance with a Target Price of 100p. This still conservatively assumes the Group achieves c60% of its medium term cashflow target, and we reiterate again, it also does not include any potential value enhancement from deploying the Group’s firepower on acquisitions."

"We retain our Buy stance with a 100p TP. We value React Group using the EVA®/MVA valuation method. This derives a share price of 100p assuming only c60% of the medium-term goal of £5m p.a. of free cashflow generation is met. It could outperform that, and we highlighted in our 9 April initiation research, that we believe the Group has firepower to enhance."
Posted at 25/4/2024 07:25 by rivaldo
A terrific H1 trading update today, which strongly suggests that REAT will beat expectations for the year.

With H1 EBITDA up 36% year on year to £1.3m, REAT have already achieved 52% of the £2.5m consensus forecast, even without the substantial contract wins already announced this year.

Other highlights:

- recurring revenues remain above a huge 85%
- the cash pile is now up to £1.5m, against a £14.8m m/cap
- margins are increasing fast given revenues up 14% and EBITDA up 38%

No wonder there's "a high degree of confidence in achieving full year market expectations" - and much more imo.

On a current year ex-cash P/E easily in single figures REAT looks in great shape for a re-rating:
Posted at 04/4/2024 08:24 by rivaldo
I love that you can come to that conclusion after just 15 minutes :o))

The share price is already up 1.5p on just £11k of trades, which hopefully indicates there's not much stock around. Come back at the earliest at the end of the day and then it might be time to discuss how much interest there is!

EDIT - interesting buy just now of 454 shares at 69.36p, a long way above the published 68p offer price.
Posted at 28/3/2024 09:39 by gbenson1
Very positive trading statement, if the share consolidation is approved at the AGM (we should know about 1400 hrs) @ the current share price it should be worth 67.5p on the opening on Tuesday after the bank holiday. With only 21m+ shares in issue I suspect we should see an upward movement in the share price @ the open!!
Posted at 27/3/2024 18:26 by superhoop2
Big day tomorrow ... hope it goes smoothly and at the higher share price and extremely low amount of shares in issue plus a bit of 'news' it could be the start of a more realistic share price!
Posted at 06/3/2024 10:58 by rivaldo
Agreed overall a good move. Personally penny share or not makes no difference to me - the m/cap etc remain the same - but I can see why psychologically it's better not to be a penny share, and it seems institutional investors prefer a "proper" share price.

REAT remains cheap imo whether it's 1.4p or 70p!

I've signed up for the 28th March AGM Investor Meet - hopefully there'll be another update on trading etc, though it might be relatively brief given that the results will only have been issued seven weeks previously.
Posted at 29/2/2024 12:09 by rivaldo
The Mello presentation is well worth a watch. I thought the management came across well, the outlook was generally very positive, and the particular advantages of the company were stressed:

- recurring revenues up to a whopping 87%
- free cash flows of £2.1m and £2.3m adjusted EBITDA against a £14.9m m/cap
- further acquisitions being considered
- REAT have the advantage as business purchasers due to their size and reach
- similarly REAT have the size advantage in being able to serve clients nationwide as those clients expand and grow
- REAT are installing systems this year in LaddersFree which will greatly enhance efficiency and enable cost savings

Plus we now know that "the first few months of FY24 have delivered a record trading performance for the Group", and "Momentum from FY23 has continued into the new financial year".

With 0.136p EPS forecast to this September, rising to 0.156p EPS for the year starting in only 7 months, REAT are cheap on a single figure P/E, let alone on the FCF as outlined or given the huge recurring income.

Watch from around 1hr 21m:
Posted at 23/2/2024 12:18 by rivaldo
Plus REAT have just been tipped in the last hour here FYI:



"React Group – a further trading and strategic delivery BUY with almost 50% upside

By HotStockRockets | Friday 23 February 2024

Shares in cleaning, hygiene and decontamination group React (REAT) exceeded 3.5p in 2021 and were 1.7p as recently as November last year. Currently available at a 1.4p offer price following recently-announced results for its year ended 30th September 2023, we consider the shares a misunderstood Buy with a 2p+ share price again quite realistic in the near-term. The following is why."
Posted at 12/2/2024 10:49 by rivaldo
Great to see over 10m shares traded - and now the bid price up again to 1.35p, with buyers paying the full 1.4p offer price.

This share price should be at (say) 1.6p-1.7p imo in a relatively short timeframe, and hopefully back up to Singer's 1.9p target price.
React share price data is direct from the London Stock Exchange

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