React Group (REAT)

Sector:

Support

Index:

FTSE AIM All-Share

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

React Group expects another 'challenging year'

By Iain Gilbert

Date: Tuesday 27 Mar 2018

LONDON (ShareCast) - (ShareCast News) - AIM-quoted deep cleaning and decontamination business React saw annual losses widen as consolidation within the industry and budget constraints at much of its public sector customer base pressured margins.
Pre-tax losses widened 51.72% to £440,000, despite React successfully boosting revenues by 8.8% to £2.6m. Losses per share widened to 0.14p each from the 0.05p posted twelve months before.

React referred to the year as being one of "significant change and challenge", highlighting a squeeze on profit margins coming as a result of a 24-hour service guarantee held by many of its larger customers.

The firm did win two major contracts, one of which for £200,000 with a large London hospital, but despite its strategy of higher-value contracts starting to pay dividends by virtue of providing the firm with an increased recurring revenue base, React still expected the current trading year to be a "challenging" one.

Chairman Gill Leates said, "We will continue to focus our efforts on the larger contracts to improve the quality of the customer base and to raise our profile in our target markets."

"There are still a number of challenges facing the business but we are optimistic the changes we are making will deliver value for shareholders in the future," she concluded.

React's cash position fell to £630,000 from the £930,000 it held on December 31 a year earlier

As of 0920 GMT, shares had dropped 14.29% to 0.45p.

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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 85.00
52 Week Low 62.50
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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