React Share Discussion Threads

[hastings] 20/4/2020 09:57

Looking well set today, has our seller shifted?

[cottoner] 20/4/2020 09:27

They've updated their blog this morning. Well worth a read. They're looking for new partners.


React’s partner programme will reach a wider network of specialist cleaning customers

extract

"Thanks to our experience, we have security clearance to work in some of the most sensitive possible areas. We work with several large Tier 1 or blue-chip organisations, mainly in the healthcare, judiciary, rail, road and social housing sectors. We also support many large facilities management companies. And in recent weeks, we’ve seen a spike in demand for our services. Many organisations now need to undertake deep cleaning and decontamination of potentially infected premises."

[rivaldo] 20/4/2020 09:03

The buying price is up again now to 0.77p.

Exactly Garth. READ already had £0.3m net cash at 31/3. REAT are not only profitable, but the £500k contract win is now presumably delivering an additional £33k per week or so into the coffers.

Plus they have the additional bank facility in reserve, to finance any need for working capital to meet the expected growth in demand from COVID-19 decontamination and deep cleaning (and fly-tipping!).

[garth] 20/4/2020 08:28

Good morning Riv.

It was the cash that concerned me when I skimmed the trading statement last week. Having read it again I see that the contract that was CONSUMING cash is now DELIVERING cash.

Happier. Will keep an eye.

G.

[rivaldo] 20/4/2020 08:21

The seller is still around, so there remains a chance to stock up relatively easily at this £2.9m m/cap.

But the buying price has now moved up this morning from 0.695p to 0.72p, so perhaps some evidence that stock has become scarcer.

[hammerboydavid] 20/4/2020 05:32

Morning all hoping for a better week

[rivaldo] 19/4/2020 22:50

A £2.9m m/cap does seem very low for a company which has:

- turned profitable
- has a well funded Balance Sheet
- is winning large new contracts
- and whose prospects are brighter than ever due to COVID-19

[rivaldo] 19/4/2020 11:54

There's been a huge increase in fly-tipping during the lockdown:



It so happens that REAT are also experienced operators in clearing up these messes with regulatory compliance etc:

[rivaldo] 18/4/2020 19:57

Tomorrow I think I'll start a new thread, with a more informative title and up to date info in the thread header post, since Loftus16 hasn't been around here for some time.

EDIT - here's the new thread, so this thread is now closed:

[rivaldo] 17/4/2020 16:13

Some stock is available at 0.695p, but there seem to be buyers around, so hopefully it won't last long.

I've topped up with a few myself.

[rivaldo] 16/4/2020 13:40

The buying in the last half hour has completely cleaned out the stock here.

I can sell my entire holding online easily at a premium.

Whereas I can buy just 2 shares maximum. That's around 1.4p......:o))

I assume and hope that means the overhang has cleared. At some point this share will motor imo once the market latches on or there's news of another COVID-19 deep clean or decontamination contract.

EDIT at 4.00 pm : the seller is back - another 1.5m shares (around £11k) now available online.....

[rivaldo] 14/4/2020 15:00

Continued buying coming in and the buying price has moved up nicely - any shares online are now only available to buy at 0.795p.

[rivaldo] 14/4/2020 13:37

Larger trades being reported late - another 4.4m shares traded so far today. Can't believe the seller has many left now!

[andyview] 14/4/2020 11:54

Good spot rivaldo, thanks for posting.

Very positive about the future here

Gla

[rivaldo] 14/4/2020 11:23

This was posted just this morning on the company blog about the increased demand following COVD-19 etc:



"2 hours ago

Thank you to our team of first-response deep cleaners

We often talk in our blog about our experienced staff, and the work that they do to return buildings to operational use quickly and safely. Now more than ever, they’re also there to provide reassurance to the people that use and pass through any premises. Right now, many organisations need deep cleaning and decontamination in the face of the threat from SARS-Cov2 coronavirus.

Under the current lockdown conditions, we just wanted to take the opportunity to say a massive thank you to our team. They’ve stepped up to provide a rapid response to the threat posed by Covid-19. They’ve worked hard in challenging circumstances to help keep customer premises operational and safe. Without our fantastic team on board, we wouldn’t have been able to increase our coverage of deep cleaning and decontamination services.

Increased demand for deep cleaning

We also wanted to link to a London Stock Exchange RNS story which was released today, providing an update on our current trading conditions.

A recent story on the London Stock Exchange details how we’ve expanded our capacity for deep cleaning services. We’ve been working extensively at premises thought to be harbouring SARS-Cov2, the coronavirus behind Covid-19. Responding to increased demand for our services, we’ve entered into a number of agreements with our Tier-1 customers to provide a ‘first-response’ service to support multiple premises throughout England and Wales. And we’re so proud of our great team who are delivering these much-needed services."

[rivaldo] 14/4/2020 10:44

Good to see you here hastings. The seller is indeed a pain - but with a mere £2.1m m/cap he won't last long before his stock runs out.

We should thank the seller, as he's the only reason that we've been able to get stock! Soon that will be impossible, especially if REAT announce another COVID-19 deep clean contract. A further NHS win would do the job nicely.

[hastings] 14/4/2020 10:10

I also followed your lead here rivaldo, with an initial buy last week, following up with a few more this am.The seller is a pain in the proverbial but I'm not convinced it's one of the majors!Anyway, the business is clearly going very well and the need/requirements are only likely to increase.

[rivaldo] 14/4/2020 09:52

I've topped up with a few this morning. The buying price has gone up, and you can sell at least 1m shares online.

This is most unusual for a micro cap like this, and shows there's background demand.

Thanks chrismenon re the interview with the CEO - here's an easier direct link:



I agree with this conclusion:

"In summary, React is much more than a Covid-19 play and I believe the business will continue to grow profitably. As it does, the share price should appreciate substantially"

[andyview] 08/4/2020 19:20

Thanks Chris for the safe stock update, it makes for a good read..

I’m a confident lth and see the value here continuing to grow.

Gla

[hedgehog 100] 08/4/2020 17:31

06/04/2020 07:00 UKREG React Group PLC Trading Update
" ... REACT has expanded capacity to support demand by cross training our experienced operators and through partnerships and sub-contracting with smaller specialist cleaning operators. ..."



Interestingly, EAAS also issued a trading update on Monday, and revealed that it is now offering deep hygiene cleans to accompany transition to LED lighting, which shows the increased demand for these cleaning services.

EAAS outsources its installation and maintenance, so it could potentially be working with REAT on this.


06/04/2020 07:00 UKREG eEnergy Group PLC Trading and COVID-19 update
" ... To help support businesses and schools, eEnergy is offering new LaaS clients a three-month payment rebate as an incentive to accelerate their transition to LED lighting. This incentive is being combined with a deep hygiene clean to reduce the risk of future COVID-19 infections. ..."

[debz3] 08/4/2020 10:39

Its a good read Chrismenon

[chrismenon] 08/4/2020 08:48

Interview with Shaun Doak: hxxps://www.safestocks.co.uk/

[rivaldo] 07/4/2020 23:13

I make that over 35m shares traded in the last 2 days - around 8% of the shares in issue.

Hopefully the buy trade of 1m shares reported late tonight is a good sign for tomorrow.