Reach4Entertainment Enterprises Equity Research & Stock Reports

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18 Feb 20

FY19 Trading Update

R4E has released a Trading Update which states that it has made good progress in the year to December 2019 and revenues and EBITDA will be 'significantly ahead' of market expectations. This has been driven both by the continued positive performance of the group's existing operations and the successful integration of Sold Out and Buzz 16. We raise our PBT/EPS forecasts by +27% to £1.9m/0.10p (was £1.5m/0.08p) for FY19 and +5% to £2.3m/0.11p (was £2.2m/0.11p) for 2020. We view our 2020E estimates

Companies: Reach4Entertainment Enterprises

Dowgate Capital

30 Sep 19

The stage is set

R4E delivered very robust interim results that were well ahead of our forecasts. Gross Profit leapt +40% to £12.0m while Pre IFRS16 EBITDA nearly tripled to £1.2m vs DCe £1.0m. The turnaround of the existing R4E businesses has been successfully executed by the new management team, led by Marc Boyan, that joined the group late in 2017. Encouragingly, all areas of R4E have contributed to the turnaround and the pipeline is strong across the group for H2 and into 2020. The group had an active H1 cor

Companies: Reach4Entertainment Enterprises

Dowgate Capital

02 May 19

Strong FY18 Results.

Reach4entertainment has reported strong finals with adjusted EBITDA of £1.4m ahead of DCe £1.3m and 0.061p adj EPS vs 0.025p DCe. The Group has an impressive pipeline for 2019 alongside realising the highly complementary client bases of R4E and recently acquired Sold Out. We believe there is considerable scope for the enlarged group to cross-sell services and pool resources around each other's key competencies.

Companies: Reach4Entertainment Enterprises

Dowgate Capital

22 Feb 19

Small Cap Feast

United Oil & Gas (UOG.L) an oil and gas exploration and development company brought to the Official List (Standard Segment) in July 2017 by way of a reverse takeover of Senterra Energy plc. No capital to be raised, expected market cap of £17m and expected 1 March Techniplas –global producer and support services company providing highly engineered and technically complex components, making the supply chain to original equipment manufacturers more efficient. FYDec17 rev $515m. Polemos, to be renam

Companies: 88E APC WEB MDZ AAU R4E GMR HAYD IHC CEG

Hybridan

22 Feb 19

Acquisition of Sold Out & Placing

R4E has announced the acquisition of Sold Out, a leading full-service advertising agency that specialises in the arts and entertainment sector. Initial consideration of £4.19m will be part-funded by a £3.0m placing of 250m shares at 1.20p, with deferred consideration for the next three years to a total cap of £10m. We view the strategic rationale of the deal as compelling, with significant scope to cross sell services across the enlarged client base of R4E, which focuses on theatrical releases,

Companies: Reach4Entertainment Enterprises

Dowgate Capital

31 Jan 19

Strong dress rehearsal.

reach4entertainment has today provided an encouraging trading update for the year ended 31 December 2018. The Group expects to report 'full year adjusted EBITDA significantly ahead of expectations'. We have upgraded our FY18 and FY19 adj PBT forecasts by 50% and 12.5% respectively, and remain extremely confident in management's ability to achieve further operational improvements

Companies: Reach4Entertainment Enterprises

Dowgate Capital

30 Jan 19

Small Cap Feast

Techniplas –global producer and support services company providing highly engineered and technically complex components, making the supply chain to original equipment manufacturers more efficient. FYDec17 rev $515m. Circassia Pharma (CIR.L) - specialty pharmaceutical company focused on respiratory disease transferring from the Main Market. No funds being raised. Due 4 Feb. Mkt Cap c.£185m. Greenfields Petroleum (TSX-V:GNF) production focused company with operated assets in Azerbaijan se

Companies: RNWH RWI JHD MPAY R4E ING ZNWD KDNC NEXN STM

Hybridan

30 Jan 19

Creating a buzz.

reach4entertainment has today announced it is acquiring a 50% stake in Buzz 16 Productions Group ("Buzz 16"). R4e will work in partnership with Buzz 16's cofounder and sports broadcaster Gary Neville. We view this as an attractive acquisition enabling the Group to expand into sport and live entertainment. The acquisition will be satisfied through the Group's existing cash resources and management expects the acquisition 'to be earnings accretive in 2019'.

Companies: Reach4Entertainment Enterprises

Dowgate Capital

25 Sep 18

Strong pipeline sets up big 2019 and 2020 for R4E.

Reach4entertainment (R4E.L) today announced H1 2018 results outlining a strong win rate for 2019 and 2020 Broadway shows. As a result of the growing pipeline and greater future visibility, we upgrade our FY19E forecasts leading to 20% earnings growth on current DCSe. R4E is a cash generative business undergoing a management-led transition to improve margins and explore new growth opportunities. We remain confident in the Group’s long-term potential and reiterate our 2.0p target price and ‘Buy’ r

Companies: Reach4Entertainment Enterprises

Dowgate Capital

23 May 18

2018, a year of transition before growth resumes

In a year of major transition, results for FY2017 came in ahead of our revised forecasts yet were significantly below the prior year outturn, primarily due to much weaker trading at the Group's largest business, SpotCo, against a particularly strong comparative in FY2016. SpotCo still has operational challenges ahead and this, together with expected initial losses from the start-up in Amsterdam, will negatively impact our forecasts for FY2018 which are now expected to be in line with FY2017 trad

Companies: Reach4Entertainment Enterprises

Allenby Capital

22 May 18

New management and strategy take centre stage.

reach4entertainment (r4e.L) offers investors a cash generative business undergoing a significant management-led transformation to improve margins in its existing businesses and explore new growth opportunities in similar verticals and new geographic markets. We initiate with a “BUY” recommendation and 2.0p target price.

Companies: Reach4Entertainment Enterprises

Dowgate Capital

07 Feb 18

2017 trading in line with expectations

reach4entertainment (r4e) has confirmed that the Group traded broadly in line with market expectations for the year to December 2017 and better business prospects, together with actions taken since the new management team was appointed in October 2017 all point to an improvement in Group profitability during 2018. It is clear that the Board envisions much broader horizons for r4e than its traditional theatre markets in London, Germany and New York as it seeks to exploit and expand the Group’s ex

Companies: Reach4Entertainment Enterprises

Allenby Capital

07 Feb 18

Small Cap Breakfast

TruFin—holding company of an operating group comprising three growth-focused FinTech and banking businesses operating in three niche lending markets: supply chain finance, invoice finance and dynamic discounting. Offer TBC, expected late Feb Polarean - The medical drug-device combination companies operating in the high resolution medical imaging market. Offer TBC. Due 22 Feb Block Energy—a NEX Listed UK based oil exploration and production company whose main country of operation is the Republi

Companies: NFG FEN SNG MLVN R4E BLV PMG GROW OSI CHL

Hybridan

13 Oct 17

Small Cap Brunch

Totally (TLY) - Sch 1 for £11m RTO of Vocare, a provider of integrated urgent care services to the NHS throughout the UK. £76.8 million rev in the year ended 31 March 2017. Totally to address Care Quality Commission concerns. Due 24 Oct. | Central Asia Metals (CAML) -RTO of Lynx Resources. Anticipated market capitalisation at Admission: £404.8m. Raising £113m at 230p. Acquiring the SASA zinc-lead mine in Macedonia from Solway Industries. Due 15 Dec. | Springfield Properties—Scottish housebuilder

Companies: GDP R4E JAY PTD NAH YGEN REDX ANGS

Hybridan

20 Sep 17

A quieter 2017, but growth to resume in 2018

A quieter 2017, but growth to resume in 2018 Interim results for FY 2017 were lower than the comparative period. In mixed trading for the first six months, the Group reported stronger EBITDA at Dewynters and a very positive breakeven position for Dewynters Germany in its first year of trading. However, SpotCo, the Group’s US subsidiary, had a quieter half year compared to the exceptionally strong results achieved in 2016 while Newmans suffered from tougher market conditions in the UK. As a

Companies: Reach4Entertainment Enterprises

Allenby Capital