React Share Discussion Threads

[jeanesy] 01/8/2024 15:00

would welcome some comfirmation from the company.

[microscope] 01/8/2024 13:32

EC just came on the thread to suggest exactly that!

[effortless cool] 01/8/2024 13:10

Maybe buying out the Korinek's remaining shares?

[davemac3] 01/8/2024 12:14

Dowgate bought almost 12%

[rivaldo] 15/7/2024 08:18

Good to see Harwood continuing to buy whilst I was on hols - they're now up to 10.16%, or 2.19m shares:

[gipps] 08/7/2024 15:57

Harwood still buying

[vikingben] 08/7/2024 08:00

Mm’s have buy orders to fill??
Just had a quote to sell my entire holding @72.1p
Maximum buy 25k @73.8333p

[rivaldo] 05/7/2024 21:56

Harwood Capital/Christopher Harwood are convinced - they've been buying and have increased to 9.86% (from 8.12%), now owning 2.125m shares:

[vikingben] 28/6/2024 15:19

To me very interesting.
Have the brothers from Ladders Free finally got rid of their holding in Reat?

I can now get a quote to sell 50k @71.11p
Can buy 50k @74p, or 10k @72.6p which would show as a sell

[effortless cool] 23/6/2024 17:58

I have updated my valuation to reflect the H1 results and the subsequent grant of options.

I get 103.6p, a 41% premium to Friday's closing price.

[rivaldo] 18/6/2024 10:38

The Mello Monday presentation is excellent as usual. Some highlights:



- "it's been a great start to the financial year"
- "momentum has continued into H2" with a "healthy pipeline"
- recurring revenues are now over 85%
- "we're ready for M&A activity again"
- revenues have grown organically at 24% per annum for each of the last 4 years
- Fidelis have grown their revenues from £4.8m to £12m since acquisition
- Laddersfree are growing revenues by 30% and have added 7 new nationwide customers in the last 18 months
- REAT looked at 40 other opportunities before buying Fidelis
- acquisitions have to be earnings-accretive in the first year
- REAT are likely the only company who can provide their services nationwide
- "now extremely cash-generative" as final payments have been made for the acquisitions
- REAT is a "very defensive business", with customer expenditure being non-discretionary
- the rating is undervalued
- minimum wage increases are already built into contracts

[vikingben] 13/6/2024 17:31

Is anyone keeping a check on the large sells since 13/05/24?
Ladders free brothers had 833k which they might sell into an orderly market?
Another 75k today @ 73.5p
Is now a good time to increase the holding, for any major holders?
As soon as the 833k have gone, the share price should significantly increase?
GLA

[superhoop2] 11/6/2024 18:58

hxxps://youtu.be/6E8GDYyF3iM?si=7AZFcXd8qol5xW5e

[rivaldo] 11/6/2024 09:41

Dowgate Capital have also issued a new note on REAT.

They have a 100p target price - and that's assuming only 60% of REAT's goal of £5m free cash flow is met.

They go for 6.9p EPS to 30th September, then 8.1p EPS to 30/9/25. That's a P/E of only 9.1.

The cash pile is forecast to rise from £1.0m to £3.0m (against a £17m m/cap).

Extract:

"Polished results display continued progression.

React Group has released 1H results that demonstrate EBITDA growth of 35% from a 13% advance in Group revenue. The Board has confirmed that the Group has maintained its strong sales momentum into 2H and in so doing has secured higher margin business. The Board commented that the pipeline for the remainder of the year ‘remains robust providing the Board with a high degree of confidence in achieving full year consensus market expectations.’

We have left our FY 2024E forecasts unchanged and they assume FY +9% revenue growth. However, we continue to hold the view that there could be an accent on the upside as the year progresses, with contract wins that should benefit 2H, and a strong pipeline for next year.

We maintain our Buy stance with a Target Price of 100p. This still conservatively assumes the Group achieves only 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 believe the latter to be rightly back on the agenda now the new banking relationships are in place, prior acquisitions have bedded in well, and the LaddersFree digital platform is more than 60% of the way towards completion."

[vikingben] 11/6/2024 06:30

I missed the Mello Webinar last night, was there anything new said?

[vikingben] 07/6/2024 11:44

Are the ladders free brothers selling?

[rivaldo] 07/6/2024 08:05

New interview with Mark Braund (Chairman) FYI:



- "high degree of confidence" in meeting expectations to 30th September, i.e 6.9p EPS (which rises to 8.1p EPS for the year starting 1st October)
- recurring income is up to almost 90%
- in H1 earnings were up 35% against revenues up 13%
- FCF was also up 35%
- since acquisition Fidelis' revenues have increased from £4.8m to £12m
- and LaddersFree is growing 30% post-acquisition

[davidosh] 06/6/2024 09:47

yes it is free to shareholders in the companies presenting. General admission is by paid for tickets to cover the cost of running the shows

[rivaldo] 06/6/2024 09:23

Looking forward to it - and it's actually free if you use the code SHR100:

[melloteam] 06/6/2024 08:52

Just to let shareholders and prospective investors know that React will be presenting on MelloMonday on Monday 10th June 2024, starting at 5:30pm.
Get 50% off your ticket with code MMTADVFN50

[jeanesy] 04/6/2024 19:19

Strange final trades !