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Tom Winnifrith writes: It looks as if Reach4Entertainment (R4E) has made a great acquisition and as a long suffering shareholder I suppose I should be happy and say that we can all look forward to sunlit uplands. And maybe we can but I think I must be honest with you and come clean.
Until recently analyst Paul Richards was at Numis and was the City's Now 1 rated media analyst. Now he is at Dowgate and has just published a detailed note on Reach4Entertainment (R4E) after its placing and acquisition today. He reckons the shares should almost double from 1.29p to 2.4p. I own the shares and think his forecasts are light and thus so is the target price. Judge for yourself, the note is in full below.
Reiterating a buy stance on Reach4Entertainment (R4E) just the other day after the Gary Neville acqusition we also noted it is disappointing that there’s been no full-year (2018) trading statement. Now there is a “Year-end trading update” – and it’s very positive news…
Live entertainment marketing group Reach4Entertainment (R4E) has announced results for the first half of 2018 and that “we expect to continue to build upon the improvements made, through the remainder of 2018 and beyond”…
On appointment last October, we explained why we considered the new CEO of Reach4Entertainment (R4E), Marc Boyan, an impressive chap and on results in May significant potential in the expertise here being “employed to service a broader set of customers beyond our existing base”. There’s now an “r4e launches live entertainment PR agency” announcement…
Theatre productions and events marketing company Reach4Entertainment (R4E) has announced results from a “challenging” 2017, which also saw “significant change for the company particularly through the appointment of a new management team in Q4 of 2017 under CEO Marc Boyan”…
At UK Investor Show there were six Dragon's Den sessions. As a result of each £3,000 of my real money was invested after each dragon picked one of the 5 companies doing an elevator pitch. In session one the Dragons were me ( Tom Winnifrith), Nigel Wray and Steve Moore. The companies pitching were: Botswana Diamonds, Gallileo Resources, Bluebird Merchant Ventures, Ariana Resources and R4E.
When Gate Ventures and Johnny Hon first told Reach4Entertainment (R4E) and its useless, money grabbing, good for nothing, gutter dwelling Nomad and broker Allenby that it wanted to sell its 23% of the company the shares were well over 2p. With the stock placed they are now 1.55p-1.6p. Well done Allenby you useless clots. Enjoy spending your £170,000 commission.
Reach4Entertainment (R4E) has served up a trading statement which is, to use the technical term, nonsensical bollocks. But the shares are a very strong hold, at worst, at 1.95p.
Having noted on a potential Reach4Entertainment (R4E) placing last week that we understand that there has been strong demand at 1.5p per share and that we’re looking at £5 million at least being raised, the company has now announced a, conditional on General Meeting approval, £5.5 million placing at 1.5p…
Having previously warned of a potential breach of “monitoring covenants” in the third quarter, Reach4Entertainment (R4E) “has now determined that the quarterly monitoring covenants for the third quarter of this year have been breached and has notified PNC”. However…
This has been a long time coming but there is now a new CEO at Reach4Entertainment (R4E), in Marc Boyan. At the same time Lord Michael Grade will step up to become Non Exec Chairman. But it is Boyan who matters…no offence Lord Grade...
Reach4Entertainment (R4E) has announced results from a stated “modest” first half of 2017, though emphasises “second half of current financial year expected to be satisfactory, but 2018 forecasts already looking like a return to form from the key companies with support from the new initiatives of Dewynters Germany and Jampot”…
Seeing a 1:52pm “Trading Update” announcement didn’t inspire confidence and indeed the announcement from media and entertainment-focused Reach4Entertainment (R4E) includes “the directors anticipate that EBITDA for the 12 months to 31 December 2017 will be below market expectations”. HOWEVER…
For months, shares in R4E (R4E) have been held back because it was in technical breach of the covenants on its bank debt. We never expected the bank to pull with Nigel Wray and Johnny Hon owning c50% of the equity and standing behind the firm. But some BB savants knew better...they always do.
We had heard that there were boardroom, er discussions, underway at Reach4 Entertaiment (R4E) and thus it is no great sutprise to see that David Stoller is to step down as Executive Chairman and as a director as of September 30.
Reach4Entertainment (R4E) has announced results for the 2016 calendar year and that “we are enthusiastic about the growth prospects that our new initiatives will bring”, although there is somewhat of a sting in the tail…
Reach4Entertainment (R4E) has updated that it “expects to produce a trading performance slightly ahead of market expectations for the 12 months to 31 December 2016 at the EBITDA and profit before tax levels”, confirmed the appointments of two non-executive directors and added Finance Director, Linzi Allen, to the board.
Reach (R4E) flagged up in its FY numbers in May that it would probably breach banking covenants. It argued this was a technical matter of no concern but the shares slumped. We urged you to buy then.
Reach4Entertainment (R4E) has announced a share placing raising £2 million pre expenses at 1.5p. I am utterly livid for reasons that I shall explain.
For reasons that seem entirely related to illiquidity on AIM and nothing to do with fundamentals, shares in Reach4Entertainment (R4E) have ratted back to 1.25-1.4p. It is crackers.
Reach4Entertainment (R4E) has announced results for the first half of 2016, noting “we are pleased to report a strong first six months”, though that “the second half is expected to be more challenging”.
New York and London theatre and entertainment media company, Reach4Entertainment (R4E) has announced results from a “milestone” 2015 and is now “confident that the company has a solid platform from which to progress in the coming years”.
Shares in R4E (R4E) have raced ahead to 2,2-2.25p on news that Gate Ventures, the vehicle of controversial entrepreneur Johnny Hon has taken its holding up to 17%. No make that 18%, the TR1's come thick and fast.
With Nigel Wray, aka Britain's Buffett, as its largest shareholder and we also having a decent though nowhere near disclosable , stake we take a keen interest in R4E (R4E) whose boss David Stoller flew in from New York to present at UK Investor show. Enjoy.
In announcing that calendar 2015 results will be published on May 25, R4E (R4E) has issued a pleasing, if brief, trading statement. Chairman David Stoller is quoted as saying:
I am a fan of Reach4Entertainment (R4E). We own the shares. I think they are cheap at 1.65p, they should be at least double that within two years as I explain HERE. But today it has announced a tiny deal which is just sordid (legal) tax avoidance. It leaves a bad taste in the mouth. Maybe I am becoming a bit of a Corbynista in my old age but I wonder how you feel?
Reach4Entertainment (R4E) has updated that “trading has continued well in the last quarter of the year, with the expected seasonal uptick in revenues” and that it “therefore expects to report revenue, EBITDA and statutory profit before tax for the full year in line with market expectations”. Good news all round.
It was announced this week that Gate Ventures, the totally dodgy company owned by Johnny Hon who is a total charlatan, has increased its stake in *Reach4Entertainment (R4E) by 5 million shares to 57.5 million shares - 12.12% of the equity. We think Hon is a total chancer - and that is being kind - but have noted before that him hoovering up loose stock will only accelerate the re-rating.
One of the reasons I'm so happy we hold Reach4Entertainment (R4E) shares and in having this as a share tip (HERE) is the Hon Put which came into play today.
There is no doubt that Reach4Entertainment (R4E) has been a total dog of an investment for many a year. But it goes into 2016 in great shape. We have bought shares in the market at 1.4p and 1.45p. I reckon the shares are going to 3.5-4.5p within two years and as such this is my 3rd tip of the year.
This may seem like madness but we increased our holding in Reach4Entertainment (R4E) last week by 50% with another market purchase becuase, not despite of, the way that conman Johnny Hon of Gate Ventures (GATE) infamy has got involved.
It has just been announced that Gate Ventures - the fraud booted off AIM after just four months earlier this year - has bought 14.5 million shares in Reach4Emtertainment (R4E) taking its stake to just above 3%. It could have been worse.
Declaration of interest – David paid for lunch, a pleasant burger with a blue cheese topping and a glass of red wine. I happened to be in New York on Global Shorting Conspiracy business so popped into the relatively new Reach4Entertainment (R4E) offices in mid-town Manhattan to kill a couple of hours before heading to JFK.
Reach4Entertainment (R4E) announced on Friday the terms of a conditional, including on 2nd December General Meeting approval, placing and bank refinancing. We have this morning made a chunky (for us) investment in the shares (ie we bought in the market).
If you want me to analyse a stock for you just drop me a line at [email protected] - Today I look at shares in DDD Group, Reach4Entertainment and Red24 setting share price targets for all three stocks.
Although the turnaround in Reach4Entertainment (R4E) has been a long time coming, it can be seen from the daily chart configuration in recent months that it has been brewing for quite some time.
Reach4Entertainment* (R4E) has announced it has entered into a conditional agreement to restructure its existing £14.785 million loan facility. This would see £5.155 million of debt converted into new shares equivalent to 12.5% of the fully diluted share capital on completion of the restructuring and a put option granted by R4E, the exercise of which would see it buy back the shares in five years for £2 million. The remainder of the facility is to be repaid in cash, with the agreement giving R4E until 30th September to secure the funding.
Owner of London and New York-based theatre and live entertainment marketing businesses, Dewynters and SpotCo respectively, together with London-based signage and fascia business, Newman Displays, Reach4Entertainment* (R4E) has announced results for the 2014 calendar year and that it is “continuing positive discussions with our main lender to create a future financial base which will support our ability to maintain and extend our position as market leaders in promoting theatre, film and live entertainment events”
Following an announcement disappointing in both content and timing (6:10pm Monday), shares in Reach4Entertainment (R4E) currently trade sharply lower at 1.15p. The statement does not read well but maybe the market has over-reacted.
Reach4entertainment (R4E) has announced results for the first six months of the 2014 calendar year and that it is “confident that we will, at the very least, meet market expectations for the full year”. Good. We are well on track with this share tip but there is more to come.
Transatlantic media and entertainment company, reach4entertainment (R4E) formerly the dog known as First Artist has one big issue – it owes £14.6 million to the banks. But it has refinanced that debt so it will not have the plug pulled. And it is trading very strongly indeed. That is not in the price – 4.75p and so this is our tip of the week.
Transatlantic media and entertainment company, reach4entertainment (R4E) has announced results for the 2013 calendar year, with Executive Chairman David Stoller stating that he is “more confident about the group's future now than at any time since I became involved with r4e and believe that we will continue to make progress throughout this year and beyond”. But how fast will this progress be? Read on to see why I believe it is in the company's power to accelerate its progress dramatically.
In the wake of full year results last week from Reach4Entertainment, house broker Allenby has released a new note forecasting very strong earnings growth out to 2016, at least, and claiming that the shares are worth at least 9p.
Transatlantic media and entertainment marketing company, reach4entertainment (R4E) recently updated that its performance in the 2013 calendar year “improved over the course of the financial year and the company will report results for the full year in line with market expectations” and that in 2014 it is confident that it “will continue to make progress across all areas of its business throughout the year”.
Transatlantic media and entertainment marketing company, reach4entertainment (LSE:R4E) last week updated that its performance in the 2013 calendar year “improved over the course of the financial year and the company will report results for the full year in line with market expectations” and that in 2014 it is confident that it“ will continue to make progress across all areas of its business throughout the year”.
Investment Case: I have long followed this company and it has for longer still - in the parlance of a Mr. Gordon Gekko – been ‘a dog with fleas’. However, could it be that a sustained turnaround is now at last being delivered?
Shares in R4E (R4E) are off by 12.5% today at 4.25p. It is just over a month since the company released more than decent intrerims and a bullish statement. So is there any reason for the fall?
Transatlantic media and entertainment company, Reach4Entertainment (R4E) has announced results for the six months ended 30th June 2013, with it expecting “trading performance to be weighted towards the second half of our financial year”…
We knew a three weeks ago that Reach4Entertainment (R4E) was trading in line and was making further progress at tackling central costs by parting company with grossly overpaid FD Shirley Stapleton. I called the stock a recovery play at 3.75p then but with one caveat. That caveat has now gone and the stock at 4.75p is a clear buy.
Reach4Entertainment (R4E) the company formerly known as Pivot and before that First Artist has served up two great pieces of news today. The best is the departure of the grossly overpaid finance director Shirley Stapleton, but it gets better.
AIM-listed transatlantic media and entertainment company, Reach4Entertainment (R4E), has updated on trading for the first quarter of the 2013 calendar year, noting “a very positive start to the year… (having) significantly improved its performance when compared to the corresponding period last year… we expect our financial performance to continue to improve through the second half of the year, as has been the case in previous years.
AIM-listed transatlantic media and entertainment company, Reach4Entertainment (R4E), formerly known as both First Artist and Pivot Entertainment) has been a thoroughly rotten investment over a number of years. The word dog is apposite. But past performance is no guide to the future, every dog has its day, Mad Dog’s and English investors, etc.
On 21st September I wrote: Theatrical agency Reach4Entertainment (R4E) has been one of my worst tips ever. 81p in 2007 – when the company was called First Artist has become 3.5p today. My former colleagues at a site I shall not mention decided to shoot the dog after interims on 12th September. Unlike them I have spoken to chairman David Stoller and I think they are wrong. News out today very much starts to vindicate the writer who could be bothered to speak to the company and having had a quick pizza again with Stoller 10 days ago I am more convinced than ever ( with the shares now at 4.75p) that this may be a speculative buy. Here’s why.
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