REA Holdings (RE.)

Sector:

Food

Index:

FTSE Fledgling

66.00p
   
  • Change Today:
      1.75p
  • 52 Week High: 104.00
  • 52 Week Low: 49.20
  • Currency: UK Pounds
  • Shares Issued: 43.83m
  • Volume: 10,005
  • Market Cap: £28.93m
  • RiskGrade: 202

REA Holdings directors join in fundraising as palm oil prices bounce back

By Oliver Haill

Date: Monday 19 Oct 2015

LONDON (ShareCast) - (ShareCast News) - Two directors of palm oil plantation group REA Holdings have topped up their stakes in the company as part of a £4.4m fundraising.
The pair bought at a price of 260p per share, with REA's share price having fallen from above 400p almost 12 months ago as the company's principal commodity, crude palm oil, has seen its price subject to a significant fall.

At the time of interim results in August, the company said management was looking to respond to falling CPO prices with "various initiatives to refinance existing indebtedness and to raise additional equity to permit continuation of the group's planned extension planting programme".

CPO prices have been boosted recently as the Indonesian government launched a fund to support its local palm oil industry and expectations of lower production due to the dry weather conditions brought on by the El Nino weather phenomenon.

Emba Holdings Limited, a company linked to chairman Richard Robinow, purchased 353,920 shares for just over £0.9m.

Director David Killick also purchased 10,000 shares on Friday for £26,575.

Broker FinnCap in September cut its capex forecasts and assumed no dividend going forward, adding that while cash flow remained tight it was "too risky to recommend buying the shares until the CPO starts to meaningfully recover and/or there is a substantial injection of equity".

Top Director Buys

REA Holdings (RE.)

Director name: Mr Richard M Robinow

Amount purchased: 353,920 @ 260.00p

Value: £920,192



Dunelm Group (DNLM)

Director name: Mr Andy Harrison

Amount purchased: 53,433 @ 928.80p

Value: £496,286



Sopheon (SPE)

Director name: Mr Barry K Mence

Amount purchased: 44,406 @ 84.75p

Value: £37,634



REA Holdings (RE.)

Director name: Mr David H R Killick

Amount purchased: 10,000 @ 265.75p

Value: £26,575



Seeing Machines Ltd. (SEE)

Director name: Mr Terence Ronald (Terry) Winters

Amount purchased: 260,310 @ 4.83p

Value: £12,573



At the time of publication, there were no director sells.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

REA Holdings Market Data

Currency UK Pounds
Share Price 66.00p
Change Today 1.75p
% Change 2.72 %
52 Week High 104.00
52 Week Low 49.20
Volume 10,005
Shares Issued 43.83m
Market Cap £28.93m
RiskGrade 202

REA Holdings Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
91.64% above the market average91.64% above the market average91.64% above the market average91.64% above the market average91.64% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Price Trend
32.34% below the market average32.34% below the market average32.34% below the market average32.34% below the market average32.34% below the market average
62.96% below the sector average62.96% below the sector average62.96% below the sector average62.96% below the sector average62.96% below the sector average
Income Not Available
Growth
13.62% above the market average13.62% above the market average13.62% above the market average13.62% above the market average13.62% above the market average
52.00% above the sector average52.00% above the sector average52.00% above the sector average52.00% above the sector average52.00% above the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

REA Holdings Dividends

  Latest Previous
  Interim Final
Ex-Div n/a 02-Jul-15
Paid n/a 24-Jul-15
Amount 0.000p 3.75p

Trades for 28-Mar-2024

Time Volume / Share Price
16:29 4 @ 67.00p
15:40 1 @ 67.50p
11:07 10,000 @ 65.98p

REA Holdings Key Personnel

Chair David Blackett

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