React Group (REAT)

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73.67p
   
  • Change Today:
    -0.33p
  • 52 Week High: 85.00p
  • 52 Week Low: 62.50p
  • Currency: UK Pounds
  • Shares Issued: 21.55m
  • Volume: 13,710
  • Market Cap: £15.88m
  • RiskGrade: 389

React Group expects loss as it closes subsidiary

By Maryam Cockar

Date: Thursday 22 Dec 2016

LONDON (ShareCast) - (ShareCast News) - Cleaning and decontamination service provider React Group warned it expects to make a loss for the year as it closes its bio-recovery and environmental management subsidiary EPUK after seven months of ownership.
The AIM-listed company is to close EPUK, which it bought in April for £10,000, as it "failed to deliver the level of profitable business, or cross-selling to other group customers" despite "efforts made to integrate the business".

The company believes that the subsidiary "has limited prospects of generating an acceptable return, given the significant diversion of management time and the likely costs involved to address the situation".

It now expects to make a loss between £250,000 and £300,000 for the year ended 30 September, of which about £180,000 relates to EPUK for liabilities and trading losses since the acquisition.

No further consideration is expected to be paid under the original agreement of the acquisition.

The remaining losses are related to the costs associated with integration of other new subsidiaries.

Chief executive Grahame Rummery said: "EPUK has been a very disappointing situation for the company. By closing the business the management team is now able to concentrate its attention and efforts on the rest of the React Group to raise sales and to improve margins for the group."

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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 73.67p
Change Today -0.33p
% Change -0.45 %
52 Week High 85.00p
52 Week Low 62.50p
Volume 13,710
Shares Issued 21.55m
Market Cap £15.88m
RiskGrade 389

React Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
17.24% below the market average17.24% below the market average17.24% below the market average17.24% below the market average17.24% below the market average
34.78% above the sector average34.78% above the sector average34.78% above the sector average34.78% above the sector average34.78% above the sector average
Price Trend
46.34% above the market average46.34% above the market average46.34% above the market average46.34% above the market average46.34% above the market average
26.00% above the sector average26.00% above the sector average26.00% above the sector average26.00% above the sector average26.00% above the sector average
Income Not Available
Growth
83.14% above the market average83.14% above the market average83.14% above the market average83.14% above the market average83.14% above the market average
83.67% above the sector average83.67% above the sector average83.67% above the sector average83.67% above the sector average83.67% above the sector average

React Group Dividends

No dividends found

Trades for 17-Jun-2024

Time Volume / Share Price
12:32 15 @ 74.10p
08:09 13,695 @ 73.02p

React Group Key Personnel

CEO Shaun Doak
CFO Spencer Dredge

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