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 ....
25 Sep 2018
Strong pipeline sets up big 2019 and 2020 for R4E.
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Strong pipeline sets up big 2019 and 2020 for R4E.
Reach4Entertainment Enterprises (R4E:LON) | 0 0 0.0%
- Published:
25 Sep 2018 -
Author:
Thomas Like -
Pages:
4
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 ....