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Reach4entertainment – cracking trading statement

Tom Winnifrith
Monday 28 January 2013

AIM listed London and New York based theatre marketing group reach4entertainment (LSE:r4e) has today announced that a strong second half performance has seen a return to overall profit for the 2012 calendar year and that it is confident it “will continue to make progress throughout the course of the current financial year”. With the shares currently approaching 14% higher, at a 6.25p share price, on the back of the announcement the following reviews my stance here having previously suggested (at 4.75p) that there was a growing case for a small average-down speculative punt and most recently that I continued to believe it not too late to average down at 6.625p…

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About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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