React Share Discussion Threads

[vikingben] 09/5/2022 15:52

Think there will be more to come, all we need now is news about the target company (S)

[rivaldo] 09/5/2022 15:21

Two more major holders now RNSd today.

Canaccord (via its discretionary clients) now has 103.3m shares, or 10.7%, all acquired in the placing.

Miton UK MicroCap Trust now have 44.5m shares, or 4.6%, up from 19.6m shares.

REAT's shareholder list is looking pretty impressive now for a £11.6m m/cap company.

Vikingben, the entire amount proposed (458.3m shares, or £5.5m) was successfully placed (see the Result of Placing RNS on 14th April).

[vikingben] 09/5/2022 11:57

The question is, how many new shares were actually taken at 1.2p??

[jeanesy] 09/5/2022 10:27

Now below the placing price !!

[vikingben] 08/5/2022 19:02

Rivaldo do you know of any other large shareholders, that might have to announce an increase in shares?
That takes care of about 25% of the new shares.
Is there anywhere that I can see the major shareholders?

[superhoop2] 08/5/2022 18:34

Good news then ... who was that amateur? 😉

[rivaldo] 08/5/2022 07:48

Good to see the late RNS's on Friday afternoon confirming that via the placing

(1) Octopus have increased their stake by almost £1m to 163.3m shares, or 16.9%
(2) Helium have similarly bought another £0.2m and now have 97.3m shares, or 10%

This was first noted in the 14th April bookbuild RNS. I wouldn't have bothered posting, but a poster on zico's thread has misinterpreted the RNSs by looking at the overall percentage going down whilst not looking at the shareholdings increasing. This happens a lot to be fair. I'll spare his blushes by not mentioning his name :o))

[superhoop2] 07/5/2022 07:40

Like to hear Rivaldo's view on the two funds downsizing ...

[jeanesy] 06/5/2022 20:15

Down to the placing price and still no update !

[zico01] 04/5/2022 20:00

The company has still not issued the trading update for the six months ending March,hopefully it will not disappoint.

[vikingben] 26/4/2022 18:55

Got a few more at 1.308
Now waiting for some good news, will not be buying any more for a while

[vikingben] 25/4/2022 17:09

I am not trading, but accumulating, looking to fund a nice electric SUV

[yump] 25/4/2022 16:31

If you’re bothered about fractions of a penny, then you’re trading and there are better stocks to trade that have established levels.

This stock now has a selection of unknown unknowns.

[vikingben] 25/4/2022 12:10

Just been quoted 1.319p to buy 500k
Is the price likely to go down from there?

[melloteam] 25/4/2022 12:08

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Wednesday 25th & Thursday 26th May, 9am - 6pm - Smaller Growth and Mid-Cap Companies

Just to let shareholders and prospective investors know that REACT will be among the 60+ LSE Small Cap and AIM listed companies attending. There will also be keynote speakers such as Lord John Lee, Andy Brough, Rosemary Banyard, Clarke Carlisle and Gervais Williams.

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[effortless cool] 22/4/2022 17:14

It obviously can't be earnings enhancing for 2021, since that is in the past.

By definition, it must be earnings enhancing for the current and future years. That may be a misleading statement, however. 2022/23 forecasts earnings are presently 0.18p. That figure will fall post-fundraising. It will then rise again post-acquisition.

Is the final number going to be higher than 0.18p or just higher than whatever 0.18p falls to after the fund-raising?

[yump] 22/4/2022 16:52

Anyone want to hazard a guess at the level of earnings that is going to be enhanced ?

Is it 0.07p, 0.10p, 0.14p ?

Depends on what year is being referred to. I reckon its year to Sept 21, otherwise the figures make no sense.

[yump] 22/4/2022 11:04

Clearly its enhancing over the 0.07p earnings to Sept 21, not over the 0.14p Allenby forecast which is pants.

Pick a previous earnings figure (adjusted of course) to compare with and it all looks fine and dandy.

[yump] 22/4/2022 10:53

So that means exceeding 0.14p then or exceeding 0.17p.

So on double the number of shares, earnings will rise as a result of getting 3mln extra revenue and 1.2mln adjusted ebitda (so actual earnings will be less), although Reat currently generate at least double that revenue to get the current 0.14p earnings.

On 3mln revenue Target A is a business with 30%+ pbt ?

I look forward to seeing that.

[wisecat2] 21/4/2022 20:13

Company directors are responsible for the management of their companies. They must act honestly and promote the success of the business and benefit its shareholders.

[davidosh] 21/4/2022 18:57

Well I intend to clarify before that, that “earnings enhancing in the first year” means based on the new number of shares.

Yump...the answer is yes or they would not have been able to comment on it. They cannot mislead on such things when raising funds.

[yump] 21/4/2022 18:13

Well I intend to clarify before that, that “earnings enhancing in the first year” means based on the new number of shares.

Can’t get my head around that, given they’re only buying 3mln of revenue.

That doesn’t need a visit, where I might mislead myself and forget to ask, if they are all jolly nice people.

Looking back, I think I’ve found a six month period where I can actually see around 1.5mln of cash generation, so perhaps they’ve accumulated a fair bit in the last six months.

[davidosh] 19/4/2022 16:17

React have accepted my invitation to present at Mello2022 next month so lots of opportunity to ask questions to Mark Braund face to face

[wisecat2] 16/4/2022 05:45

Please do not concern yourself with directors not having equity because once the deal is completed and with the shares around a penny they will load up with options.please don’t think they are ungrateful for providing a good lifestyle in these troubled times but now they would like you to quietly F@@K OFF

[yump] 15/4/2022 11:22

To be fair and correct myself, they've had 6 months of cash flowing in.
Haven't figured out what that figure might be yet.

I guess that assuming they know what they're doing financially, the various levels of staged performance payments for an acquisition, tie up significantly with the cash generated by that performance.

I suppose the last few years have demonstrated that they do know what they're doing and to be fair they haven't gone rushing into anything.

Its just that 1.2p that grates.