Results: RAI

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RA International – ‘stalled order book momentum’. Er, isn’t it somewhat worse than that?...

Remote site services group RA International (RAI) has announced full-year revenue “in line with management expectations” and that “the underlying business has remained profitable through this disruption and our solid balance sheet supports our forward looking requirements”. So what of a current share price response to 29p, more than 23% lower?...


RA International – follows trading warning with… “Long Term Incentive Plan and Grant of Awards”!

Previously writing on remote site services provider RA International Group (RAI), in March I noted the shares more than 15% lower towards 40p on the back of a warning from Mozambique. The subsequent results statement included that “confidence needs to be tempered for the current financial year given the prevailing external conditions with the situation in Mozambique uncertain and, more generally, COVID-19”. And today... “Long Term Incentive Plan and Grant of Awards”!


RA International – project delays… less than six months after AIM admission!

Support services provider to remote locations in Africa and the Middle East, RA International (RAI) has updated including CEO Soraya Narfeldt “pleased with the progress made by RA International since Admission to AIM… we have a strong pipeline of projects across a range of sectors and a project management team capable of executing and delivering larger projects”. So why are the shares currently approaching 20% lower on the day, at around 50p?...

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