React Group (REAT)

Sector:

Support

Index:

FTSE AIM All-Share

68.20p
   
  • Change Today:
      0.70p
  • 52 Week High: 85.00
  • 52 Week Low: 60.00
  • Currency: UK Pounds
  • Shares Issued: 21.55m
  • Volume: 5,044
  • Market Cap: £14.70m
  • RiskGrade: 389

React Group wins two-year contract with fast food chain

By Josh White

Date: Thursday 05 Jan 2023

LONDON (ShareCast) - (Sharecast News) - Cleaning, hygiene and decontamination specialist React Group has been awarded a multi-year contract to perform deep cleaning, window and façade cleaning across 350 mainland UK locations for an unnamed, "prestigious" high-street fast-food chain, it announced on Thursday.
The AIM-traded firm said the contract win was a "direct result" of cross-selling its complementary service offerings to an established customer of LaddersFree - the commercial window cleaning business it acquired in May last year.

It said the agreement was expected to run for two years, with up to two deep cleans per year.

The contract will be fulfilled by a team of skilled resources pulled from all three divisions of the React Group, while being managed by a single point of engagement with the group.

LaddersFree would focus on cleaning windows and façades, while Fidelis and React would provide internal specialist deep cleaning.

The value of work in the current financial year, ending 30 September, was estimated to be around £0.8m.

"This contract award highlights the value of the group's ability to deploy consistently high standards of specialist cleaning across multiple sites in the UK," said chief executive officer Shaun Doak.

"It comes as a result of combining the quality of the relationships that LaddersFree has with its customers, with the strength of expertise and consultative approach to deliver effective, cost efficient specialist cleaning services, offered across the group."

At 1557 GMT, shares in React Group were up 9.52% at 1.15p.

Reporting by Josh White for Sharecast.com.

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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.

 

React Group Market Data

Currency UK Pounds
Share Price 68.20p
Change Today 0.70p
% Change 1.04 %
52 Week High 85.00
52 Week Low 60.00
Volume 5,044
Shares Issued 21.55m
Market Cap £14.70m
RiskGrade 389

React Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
14.93% below the market average14.93% below the market average14.93% below the market average14.93% below the market average14.93% below the market average
26.67% above the sector average26.67% above the sector average26.67% above the sector average26.67% above the sector average26.67% above the sector average
Price Trend
22.59% above the market average22.59% above the market average22.59% above the market average22.59% above the market average22.59% above the market average
4.95% below the sector average4.95% below the sector average4.95% below the sector average4.95% below the sector average4.95% below the sector average
Income Not Available
Growth
82.54% above the market average82.54% above the market average82.54% above the market average82.54% above the market average82.54% above the market average
84.00% above the sector average84.00% above the sector average84.00% above the sector average84.00% above the sector average84.00% above the sector average

React Group Dividends

No dividends found

Trades for 24-Apr-2024

Time Volume / Share Price
11:00 14 @ 70.00p
11:00 14 @ 70.00p
10:10 30 @ 67.95p
08:03 5,000 @ 68.00p

React Group Key Personnel

CEO Shaun Doak
CFO Spencer Dredge

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