Share Name Share Symbol Market Type Share ISIN Share Description
React Group Plc LSE:REAT London Ordinary Share GB00BZ2JBG28 ORD 0.25P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 1.575 128 08:00:00
Bid Price Offer Price High Price Low Price Open Price
1.55 1.60 1.575 1.575 1.575
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Chemicals 4.36 0.19 0.04 39.4 8
Last Trade Time Trade Type Trade Size Trade Price Currency
14:52:04 O 128 1.5501 GBX

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React Daily Update: React Group Plc is listed in the Chemicals sector of the London Stock Exchange with ticker REAT. The last closing price for React was 1.58p.
React Group Plc has a 4 week average price of 1.55p and a 12 week average price of 1.55p.
The 1 year high share price is 3.78p while the 1 year low share price is currently 1p.
There are currently 498,509,350 shares in issue and the average daily traded volume is 655,388 shares. The market capitalisation of React Group Plc is £7,851,522.26.
yump: Zico forgot to post this: “ Regarding REAT I bought 6,000,000 shares at an average of 1.04p ... the share price went over 3 fold to 3.65p.My top price was for 1,000,000 @ 3.55p.” So is zico in or out ? And what about the current price ? Someone said it was overpriced and sold around 1.8p - oh it was me ! So is zico still a full holder or was there dumping at 3p+ ? And if still in, what about the last results and updating the header. Or is the ramping finished ? Answers on a postcard...
rivaldo: Indeed jeanesy, there seems to be a determined seller or two out there. With 0.12p historic EPS now forecast, REAT are on a backwards-looking P/E of 13.8. Allenby were previously noting that REAT were on track for 0.17p EPS this year including a full year of Fidelis. Even if this gets reduced to say 0.15p EPS that would be a current year P/E of just 11.1.
yump: If you look at all the shares that are now 5 baggers or similar and then look back to before the share price took off, you'll find very dull boards and a very dull share price, often for a very long time, even when results look good or promising. Lets face it, a cleaning business isn't necessarily the first thing on the list of Twitter glitterati to post and get excited about, but I wouldn't worry. Crikey, there's a bb on here for MOON and there's just a handful of contributors, despite it being very well known and having TV adverts. That's ADVFN for you. Quite often you can see stocks that have multibagged, but hardly featured on ADVFN. In fact, "featuring" heavily here is probably a sign of an ultimately duff stock.
yump: Well, low conviction with a low share price is certainly better than with a high share price.
rivaldo: I'm quite pleased - considering the miss, a fall of 11% on the day isn't bad at all relative to many I've seen recently, perhaps because the share price had already fallen a long way from the highs. With 6m shares traded today there seems to be some appetite for the shares. As EC said above, the business is still growing at a decent pace. It has high recurring income, good management, a clear strategy, and a habit of issuing contract win RNS's. Plus it's likely on a current year P/E of only around 12 or 13 at the current price.
rivaldo: The trading update is out. EBITDA is to be between £725k-£775k. This is, although representing almost 200% year on year growth, and 50% organic growth, nevertheless below expectations of £850k, due to the slow recovery in reactive work etc post-lockdown. The current year however has "had a positive start" with a "growing pipeline of opportunities". A full year of Fidelis' profits might bring a forecast this year for say 0.15p-0.17p EPS, which with £0.6m net cash would leave REAT looking decent value at the current 2.25p. But of course there's likely to be an initial MM markdown, so REAT are likely to be even cheaper than that. Kudos to REAT for their presentation - including the forecasts makes it easy to analyse. Management have done a terrific turnaround job here, and although Covid has led to a small bump in the acceleration of the company's growth, REAT still have very high recurring income - increased by the Fidelis acquisition - and have still brought about impressive organic growth.
rivaldo: Per Allenby Capital, REAT are currently running at an annual run rate (including the 29/3/21 Fidelis acquisition for a full year) of £10m revenues, £1.15m EBITDA and 0.17p EPS. Forecasts for the year to 30/9/21 are £7.82m revenues, £0.85m EBITDA, and 0.14p EPS. REAT have £0.77m net cash at 31/3/21, which should rise to £0.9m at the 30/9/21 year end. This is what REAT do (I will be adding more to this header post over time): Https://www.reactsc.co.uk/ "REACT is the extreme cleaning company that goes beyond the everyday to tackle cleaning problems that non-specialists just can’t cope with. From hotels to prisons, crime scenes to cruise ships, public spaces to private hospitals, we do what others can’t do – going beyond everyday cleaning to deliver a specialist service whatever the challenge." "REACT is an industry leader in the provision of specialist cleaning. Legislation and safety standards in each sector require deep specialist knowledge of the most appropriate materials and processes. Our professional cleaning services are designed to suit the specific needs of varied industries. From hospitality to custody, healthcare to travel, and education to commerce, we do what others can’t do – going beyond cleaning." "INFECTION CONTROL CLEANING REACT's Infection Control Service is a specialist cleaning and disinfection package aimed at successfully reducing the risk of infection such as SARS-CoV-2 (Covid-19 Coronavirus), MRSA, Swine Flu, C. difficile and Norovirus. Key features of our infection control cleaning Rapid response 24/7/365. Secure the area, protecting staff and public. Test for contaminates pre- and post-clean. Deploy BS EN 1276 chemical cleaners. Superior quality PPE. Clean and thoroughly disinfect. Licensed to remove hazardous waste" Here's REAT's featured page re COVID-19: Https://www.reactsc.co.uk/covid-19-deep-cleaning And there's a useful news blog, plus Facebook and Twitter pages: Https://www.reactsc.co.uk/blog Https://www.facebook.com/pg/reactcovid19/posts/?ref=page_internal Https://twitter.com/react_sc Two must-reads about REAT, including an interview with the CEO: Https://www.safestocks.co.uk/2020/04/08/react-cleans-up-after-covid-19/ Https://www.safestocks.co.uk/2020/03/02/react-should-benefit-from-coronavirus-concerns/ Most of my stake in REAT was acquired at around 0.7p when the m/cap was only £2.9m. The new management team have transformed the company and are very ambitious. With a combination of organic and acquisitive growth I believe that REAT could continue to be a multibagger from the current £13m m/cap given the fragmented nature of the company's sector and competitors and the potential from the company's strategy of consolidating its clients' supplier frameworks.
effortless cool: Thanks, Stevesham, it's great to get some insight from someone that actually knows the business. I agree about the thread title. Indeed, I think that a big part of the recent drop in the share price was Paul Scott carelessly dismissing REAT as a COVID-play on Stockopedia. I suspect rivaldo, who set up the thead, would feel the same way now about the title. Unfortunately, whilst you can edit posts, you can't edit titles, so we're stuck with it.
rivaldo: REAT are cheap imo at these levels. Management are getting on with the job, and REAT have already announced new contract wins in April and May. The NED share sale was small beer and had absolutely no effect - in fact the share price rose subsequently into June. It was only with the general market sell-off that profit-taking set in. Relax and have patience! News will come as and when. Meanwhile, REAT's ongoing services to the likes of the police, courtrooms etc will now be returning to full steam ahead given the end of lockdown, complementing the increased awareness of the need for deep cleaning generally and REAT's own series of contract wins over the last year or two.
rivaldo: Good to see the share price rising yesterday and today. REAT are now on an annual run-rate of 0.17p EPS including a full year of Fidelis. With around £0.8m net cash in the bank against a £12.5m m/cap at 2.53p, REAT are now on an ex-cash P/E of only around 13.7. Pretty cheap imo considering the growth rate being achieved and the potential.
React share price data is direct from the London Stock Exchange
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