React Group (REAT)

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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 falls as highers fees wipe away profits

By Duncan Ferris

Date: Friday 15 Feb 2019

LONDON (ShareCast) - (Sharecast News) - React Group shares dropped on Friday after the company reported a widened loss on the back of one-off restructuring and administrative fees after the business severed administrative ties with its previous owner, Autoclenz.
For the year ended 30 September the AIM-traded extreme cleaning company reported a loss before tax of £1.95m, from a loss of £0.39m the year before, while administrative fees more than doubled as they leapt from £1.22m to £1.64m, including £1.34m of exceptional costs.

These costs helped the company sever ties to Autoclenz and establish its own fit-for-purpose administration and office infrastructure in Swadlincote, Derbyshire, while restructuring efforts simplified its business model from three operating businesses to just one.

Revenue increased by 24.6% to £3.30m but gross profit decreased by 16.5% to £0.69m as cost of sales increased from £1.82m to £2.60m.

At the end of the period the company had cash and cash equivalents of £0.42m, down from £0.63m at the same point the year before.

Gill Leates, executive chairman of React, said: "With a rationalised infrastructure, a fit-for-purpose and well-motivated management team and a competitive service proposition in an area of the market often left well alone by competitors, we have established a solid platform from which we can now grow and begin our return to profit."

React Group's shares were down 13.95% at 0.18p at 0846 GMT.

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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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