React Energy Share Discussion Threads

[29howard] 14/1/2014 10:28

Great price because no quote at 23p now

[troutisout] 14/1/2014 10:06

I got 5k at 20.5p earlier.

I have a feeling there were some traders here that took the excuse of the consolidation/name change to sell out and get the share price moving south, the MMs have helped dropping the share price on sales of £500 or less. However I think these same traders may want to buy back in and that is why the MMs are sheepish with their limits at these prices.
I have been buying a few ever since it went below 25p and will continue to do so.

DYOR,

Trout.

[colp54] 14/1/2014 09:49

It's not 20.5 for me at the moment.

I've just emailed the broker and Abchurch asking for an up to date email address for REAC and will let you know. Having looked at the Abchurch website, I'm wondering if the consolidation would have been their idea - and that they're also still referring to Kedco as one of their clients...

[stockologist] 14/1/2014 09:44

It's a small Company dealing with multiple entities trying to put together a deal right now approaching financial close. I don't blame them for ignoring non-essential stuff like handholding shareholders who can't be bothered doing their own research.

The biggest signal to me is that FBD are happy to continue supporting this. They are acting like true long term owners rather than traders looking for a quick buck.

I expect once they have achieved financial close the share price and all the grumbling will take care of itself. Expected some price attrition from consolidation so will look to take advantage of it rather than whinge.

£4m Mkt Cap for a Company looking to be on annualised £8m+ ? EBITDA this year ? When these sort of entitites usually trade on EV/EBITDA multiples of 10-20x

[ryan83] 14/1/2014 09:29

is it 20.5p to buy??

[ryan83] 14/1/2014 09:26

Yesterdays fall was on 1,000 shares lol

[ryan83] 14/1/2014 09:25

Trout - good day!

To be honest I would add more but not till they are approachable.

Dont you think its odd we havent had an update about Newry? Newry was left out of the project update earlier in Jan. Expecting 2>>4MW etc??

[troutisout] 14/1/2014 09:22

Morning All,
Have you tried the telephone number on the website or bottom of RNS?

The drop seems to be manufactured, to start with I thought that it was because they had a seller and needed to get some buying and in reality everytime we have had a large buy we have had a large sell the next day, but these are a few £k and so not really anything to write home about. Lately the drop has come with a reduction in the buy limits, it is now only 5k, which again is just £1,048.20 or it was just a minute ago.

I think this is a great time to add some REAC shares while, it is unloved and we know that Enfield is going to announce financial close shortly.

My only other concern was a possible placing, they have just sorted out some convertible loan notes with FBD but they talk of acquisitions and will need more finance to carry on building their asset base. I just hope they haven't thought it a good idea to do it now, when the share price is at it's lows and just before we should be hearing good news from Enfield and we haven't seen the Newry confirmation that it is up to 4MW yet.
I think FBD would be keen enough to make sure any dilution is at higher prices and the loan notes will keep us going for the moment.

DYOR,

Trout.

[ryan83] 14/1/2014 09:20

colp same here, sent from my email account and the online form. Irritating! I even made a small top up last week at around 23p lol. More fool me or a good plan??

Let me know how you get on - we need to get some dialogue going on!

[colp54] 14/1/2014 09:17

ryan, I couldn't find any others so I also tried the contact web form but nothing back. I'll try via one the contacts in the RNS footer next.

[ryan83] 14/1/2014 09:08

colp I have emailed them twice with nothing back. Very poor! Can you see any other contact email addresses?

[colp54] 14/1/2014 09:04

I tried info@kedco a week or so ago but it came back as undelivered - just like everything else to do with REAC at the moment!

[ryan83] 14/1/2014 08:56

20p is the all time low (or the equivalent), surely a bounce from here??

[ryan83] 14/1/2014 08:51

Have you had any contact with the company?

[ryan83] 14/1/2014 08:51

Dont AEG supply woodchip to Biomas plants?

[stockologist] 14/1/2014 00:22

Did you see AEG ? their biomass business is flying.

[ryan83] 13/1/2014 09:16

another red day yawn

[colp54] 10/1/2014 16:46

Quote a bounce required now just to get back to where we were before the consolidation & name change initiative - do people get paid for coming up with these ideas??

[ryan83] 10/1/2014 13:11

TEG have been bouncing of late....REAC turn soon?

[ryan83] 10/1/2014 00:02

Well holding strong for richer for poorer. Even added a small amount of 3/4k shares lol

[stockologist] 09/1/2014 14:13

The Market neither Retail nor City understands these stocks. Which is why PVCS is at 15p when it should be 150p and REAC is at 23p when it should be 230p

imo/dyor etc

[stockologist] 09/1/2014 14:12

PVCS on a tear

[ryan83] 08/1/2014 10:52

Newry

Phase 1 =

The first 2MW gasifier line was commissioned in Sept 2012 and when fully operational it will generate up to Stg£2m of revenue and Stg£1m of EBITDA.

Per 29th Nov RNS,

"The handover of the Newry Biomass Advanced Gasification Plant from final commissioning of Phase 1 and its continuing sale of electricity to the Northern Ireland Grid"

So waiting fully operational status confirmation.

Phase 2 =
The second 2MW gasifier line will be commissioned during 2013 with full takeover expected by Dec 2013.

Status - approved, waiting for cash to commission.


Phase 3 =

Additional 4MW.

Awaiting confirmation of planning approval.


2MW = £2m rev, £1m EBITA
8MW = £8m rev, £4m EBITA

nice numbers, thats without the biggy, Enfield!!!

[ryan83] 08/1/2014 10:46

29th Nov.....

"Newry Biomass 4MW CHP project
The Company announced that the Newry Biomass CHP project had exported electricity to the grid in September 2012. Since then the Group, in conjunction with both Zeropoint and Clarke Energy, has undertaken standard reliability tests of the equipment before formally taking over the equipment from its respective partners. The GE Jenebacher engine was commissioned by Clarke Energy on 7 September 2012 with the gasifier being commissioned and taken over by the Company on 4 June 2013.

Following the formal commissioning hand over, the Group has been focused on completing various tests and reports required by Ulster Bank Ireland Limited in connection with the drawdown of debt facilities for Phase 2 of the project for an additional 2 MW.

The bank's technical adviser, Mott McDonald, have completed their report and submitted it to Ulster Bank for their approval. The Group is currently in discussions with Ulster Bank regarding this report and the timing for the drawdown of facilities for Phase 2.

The electricity generated by the plant is being sold to Bord Gais Eireann under a Power Purchase Agreement ('PPA'). The civil and on-site works for this additional 2MW have already been completed and a deposit has been paid to secure the expansion of the grid infrastructure for the project. The Group has invested £5.6 million through a combination of equity and loan notes in the project corporate entity and owns 50 per cent of the ordinary equity and 92 per cent of the economic return from the project. Our major shareholder, Farmer Business Developments plc owns the remaining 50 per cent of the ordinary equity but is only entitled to 8 per cent of the economic return from the project. The balance of the project funding was arranged through a financing deal with RBS Ulster Bank, which committed project finance facilities of up to £8 million. Further updates will be provided in the near future as the project moves towards full commissioning of the first phase.

A pre-planning consultation process regarding the 4MW Phase 3 extension to the Newry Biomass project is currently underway and a formal planning application will be submitted shortly."