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REAT React Group Plc

76.50
0.00 (0.00%)
13 Sep 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
  0.00 0.00% 76.50 13,635 08:00:00
Bid Price Offer Price High Price Low Price Open Price
75.00 78.00 76.50 76.50 76.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Bldg Clean & Maint Svc, Nec 19.58M 50k 0.0023 332.61 16.49M
Last Trade Time Trade Type Trade Size Trade Price Currency
14:35:52 O 12 78.00 GBX

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Posted at 14/9/2024 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 76.50p.
React currently has 21,551,760 shares in issue. The market capitalisation of React is £16,487,096.
React has a price to earnings ratio (PE ratio) of 332.61.
This morning REAT shares opened at 76.50p
Posted at 06/9/2024 10:03 by rivaldo
The investment company ONWD have this morning just release their (rather impressive) interims.

They own £1.42m of shares in REAT - 5.8% of their portfolio - and they had this to say today:

"React Group plc (REAT LN) - Date of first investment May 2023

With React we believe we have captured a defensive growth opportunity at a value price, and invested c.6% NAV into the company. It is a business the team have been researching since September 2022 (pre-launch) and was an early pipeline priority. Through a mix of specialist cleaning services for UK corporates, the business has a highly attractive earnings profile. The business has three core divisions:

1. React - the heritage of the group, reactive specialist cleaning often needed for emergencies or callouts requiring specialist cleaning techniques; high margin but less predictable.

2. LaddersFree - large glass pane and cladding cleaning for UK corporates, executed through a capital-light membership model.

3. Fidelis - contract cleaning focused on public services. The business operates over 80% of its sales on contracted terms of one to five years and has been organically growing at 17%+ per annum for the past four years under a new management team. Sales are highly cash generative and yield a high contribution margin, whilst CAPEX, depreciation and amortisation are all insignificant.

Crucially now, as a result of a mix of organic and acquisitive growth and the upcoming cessation of deferred consideration payments, the business is beginning to generate strong profits and free cash flow growth from contribution margin as it exploits inherent operational gearing. If one were to look away for a moment - not knowing the company cleans large glass facades, rolling stock, and prisons - its characteristics mean it could easily be mistaken for a small, successful software company. Yet we have been able to acquire shares in React on forward P/E multiples of 6.5x - 8.5x."
Posted at 18/6/2024 11:38 by rivaldo
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
Posted at 31/5/2024 08:32 by effortless cool
I suspect it is the prospect of further M&A activity that is keeping REAT at this level.

After trashing the share price last time with the LaddersFree acquisition, the management have a lot to prove in this area. The fact that, in the recent InvestorMeets presentation, they didn't rule out an equity component to any such transaction was not reassuring.
Posted at 30/5/2024 21:34 by tole
https://masterinvestor.co.uk/equities/silver-bullet-data-services-and-react-group-both-set-to-rise/REACT Group (LON:REAT) – Operating On Nearly 90% ARRSince I last commented upon this company's fortunes its share price has risen from 1.38p to last night's 75p – unfortunately that does not reflect my share-picking ability, but instead the result of a 1 for 50 share consolidation.The group is the UK's leading specialist and contract cleaning, hygiene and decontamination company, operates with three divisions: LaddersFree, one of the largest commercial window cleaning businesses in the UK; Fidelis Contract Services, a contract cleaning and facilities maintenance business; and REACT business, which primarily provides a solution to emergency and specialist cleaning situations, both through long-term framework agreements and on an ad-hoc basis.The £16.2m capitalised company yesterday issued its Interim Results for the six months to end March 2024.It reported a 13% increase in revenues to £10.57m (£9.32m), while its adjusted EBITDA was an impressive 35% better at £1.28m (£0.95m), lifting its EBITDA earnings up to 6.02p against a previous 4.51p per share.The group reported a good uplift in contract intakes, while it has been consolidating its banking relationship with HSBC, which I can see as a possible pointer to some M&A possibilities before the end of 2024.CEO Shaun Doak stated that:"We are delighted with the Group's performance, particularly in a year characterised by significant investments. Despite the challenges, we have maintained strong sales momentum and secured higher margin business, which is a testament to our strategic efforts and operational efficiencies.In addition to securing new material contracts, the Group has also achieved numerous small and medium-sized wins, whilst simultaneously renewing and enlarging existing contracts. This consistent success across various deal sizes underscores the quality of the Groups value proposition and is testament to our effective selling and cross-selling to drive growth."Commenting upon the group's Outlook, he stated that:"Looking ahead, the pipeline for the remainder of the year remains strong. This solid foundation provides the Board with considerable confidence in our ability to meet full year market expectations. We believe that our strategic investments and diversified contract wins position us well for sustained success."Analysts Mark Howson and Paul Richards at Dowgate Capital have current year estimates out for revenues of £21.3m (£19.6m), with adjusted EBITDA for the year to end September of £2.5m (£2.2m), with earnings of 6.9p (7.8p) per share.In my opinion this group's shares have good upside attractions and I cannot disagree with Dowgate Capital's 100p share price aim, against last night's close of 75p.The shares are a very good Hold for existing shareholders and an appealing bargain for new investors.
Posted at 26/4/2024 06:36 by solooiler
Actually you were just being deliberately misleading to new potential investors given you've held REAT for ages even before the consolidation so surely you knew it was over a billion and even posted this below. That's really poor of you.

"superhoop2 - 03 Feb 2024 - 10:06:31 - 1048 of 1267 REACT Group : contamination/deep cleaning specialists - REAT
Whatever happens I don't want to see any more shares issued ... this, I believe, is holding back the share price and will continue to do so. Also, if an acquisition is in the pipeline then give current shareholders a chance to purchase and not just the Institutions as previously!"
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 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 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."
React share price data is direct from the London Stock Exchange

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