513 days ago
In yesterday’s bearcast I explained why suggestions that Reach4Entertainment (R4E) CEO Marc Boyan was considering merging Reach with his private company Miroma should be investigated by the authorities. Upon reflection the scandal is potentially even larger than I thought. Notwithstanding the fact that two guests at my wedding (Messrs Wray & Yeoman) of which I shall be celebrating the 7th anniversary this coming weekend, are intimately involved with Reach and will be very pissed off with what I am doing, I have now written to the Oxymorons and the Chocolate Teapots and asked them to consider involving the Takeover Panel. The letter follows.
514 days ago
Yes it is corrupt to claim that with 60 articles a year you are chasing Neil Woodford when you were for two decades his greatest cheerleader on Fleet Street. Jess Press-trip ignored ALL the warnings and kept on urging Mail on Sunday readers to average down on Woodford funds. He should hold his head in shame. He demands transparency over Woodford, I demand transparency from him so have 4 questions the loathsome reptile will not answer. I also look at bent PR led journalism at the Sunday Times ref BT (BT.) Then it is onto Reach4Entertainment (R4E) where the FCA and AIM Regulation should be all over the company, its CEO Marc Boyan and chairman Lord Grade.
517 days ago
With its hand forced by media reports, Reach4Entertainment (R4E) has been forced to admit that it could be set for a material cash windfall, but this comes only after the CEO of the soon to de-list AIM company, Marc Boyan, has engaged in massive share buying. It gets worse.
520 days ago
I start by explaining what an awful day I have had and why. Can’t I just sit in the pool at the Greek Hovel with Joshua and relax? Then it is onto two companies run by Tory Grandees: Verditek (VDTK) and Westminster (WSG). Then a third bunch of scumbags, Novum Securities. Finally a warning about Reach4Entertainment (R4E). That is it from me… now the pool and the start of a weekend celebrating the assumption of the Virgin Mary.
526 days ago
I do not wish to fall out with Nigel Wray and I do not really blame him for the Reach4Entertainment (R4E) news today but I explain my anger. Then I explain my sympathy for Graham Neary. Next up, results from Centamin (CEY) are great for we loyal shareholders but I ask what is the appropriate yield? Then onto Xtract Resources (XTR) and a phone call from Colin Bird. Treat the “Ford dip” as an opportunity!
526 days ago
On June 29 this year, just over a month ago, the management of Reach4Entertainment (R4E) told us that despite the lockdown of the London and New York theatres it serviced, it was sitting, as a result of prudent cash management, on net funds of £12 million – almost thrice the market cap. Today, 5 weeks later, we are told the company is leaving AIM and worse is to come. Shareholders, you are being screwed by management and big shareholders such as fund manager Katie Potts and Nigel Wray.
565 days ago
Live performance and entertainment marketing group Reach4Entertainment (R4E) has announced results for the 2019 calendar year, including “confidence in the group’s ability to withstand the current situation and… anticipates that when live venues finally reopen – at whatever capacity – the requirement to market shows should ensure that r4e quickly returns to previous levels of trading”…
616 days ago
Entertainment marketing company Reach4Entertainment (R4E) has updated on its response to the COVID-19 outbreak…
696 days ago
Reach4Entertainment (R4E) has updated we loyal shareholders with an opening ‘Highlight’; “Group expects to report full year adjusted EBITDA and revenue significantly ahead of market expectations”
837 days ago
Live entertainment-focused Reach4Entertainment (R4E) has announced results for the first half of 2019 and that “we look forward to the rest of the year with confidence”…
953 days ago
A most recent “Corporate Update re. Dewynters Germany” announcement from Reach4Entertainment (R4E) is actually that “Dewynters Germany will close”…
986 days ago
Entertainment marketing and communications group, Reach4Entertainment (R4E) has announced results for 2018 and that “positive progress has continued into 2019 and the board is confident of delivering expectations”…
986 days ago
Okay we own a stack of Reach4Entertainment (R4E) shares so I am biased. Dowgate is house broker so it is too. But the thesis is solid and if anything I regard the target price as far too low. So with all those caveats, here is the broker’s note.
994 days ago
Reach4Entertainment (R4E) “is pleased to announce … renewed… media buying agreements with… Miroma… In addition, the media buying agreements have been extended to Agency Press Limited (trading as ‘Sold Out’) and Wake the Bear Limited, in order to drive additional value to the respective agencies and their client bases”…
1017 days ago
In this podcast I look at the growing mini bond scandal as I flag up another ponzi waiting to collapse today HERE. Then I do a review of my own bull portfolio: Optibiotix (OPTI), Yourgene (YGEN), Concepta (CPT), Big Sofa (BST), Wishbone (WSBN), Kefi (KEFI), Reach4Entertainment (R4E), Falanx (FLX), Fox Marble (FOX), Berekely Energia (BKY) and Argo Blockchain (ARB). I did not mention Fox in the podcast so I'll do a seperate update later. Finally: why have you not joined the roll call of heros HERE? I say a few extra fucktards on that count.
1060 days ago
Tom Winnifrith writes: It looks as if Reach4Entertainment (R4E) has made a great acquisition and as a long suffering shareholder I suppose I should be happy and say that we can all look forward to sunlit uplands. And maybe we can but I think I must be honest with you and come clean.
1062 days ago
I cover the matter in the tiitle at the end of this podcast and also remind you that tomorrow is my first long training walk for the 33 mile Woodlarks trek in the summer where we now have EIGHT rogue bloggers signed up and where I ask each bearcast listener to think of me tomorrow and donate a tenner HERE. In the podcast I discuss my unhappiness over City behaviour at Reach4Entertainment (R4E), Yourgene (YGEN) and ref Chris Oil. I stress that I own shares in Yourgene and Reach and both are cheap notwithstanding my unhappiness. I look at Haydale (HAYD), Flybe (FLYB) and Chesterfield (CHF)
1062 days ago
Until recently analyst Paul Richards was at Numis and was the City's Now 1 rated media analyst. Now he is at Dowgate and has just published a detailed note on Reach4Entertainment (R4E) after its placing and acquisition today. He reckons the shares should almost double from 1.29p to 2.4p. I own the shares and think his forecasts are light and thus so is the target price. Judge for yourself, the note is in full below.
1081 days ago
Reiterating a buy stance on Reach4Entertainment (R4E) just the other day after the Gary Neville acqusition we also noted it is disappointing that there’s been no full-year (2018) trading statement. Now there is a “Year-end trading update” – and it’s very positive news…
1091 days ago
The regvular bearcast will appear later. In this podcast I cover Optibiotix (OPTI), Yourgene (YGEN), Wishbone (WSBN), Falanx (FLX), Concepta (CPT), Big Sofa (BST), Red Rock Resources (RRR), Reach4Entertainment (R4E), Obtala (OBT), Ariana (AAU), Wandisco (WAND), Fox Marble (FOX), Argo Blockchain (aaaaaaaaaaaaaaaaaaaaaaagh) and Kefi (KEFI)
1209 days ago
Live entertainment marketing group Reach4Entertainment (R4E) has announced results for the first half of 2018 and that “we expect to continue to build upon the improvements made, through the remainder of 2018 and beyond”…
1235 days ago
On appointment last October, we explained why we considered the new CEO of Reach4Entertainment (R4E), Marc Boyan, an impressive chap and on results in May significant potential in the expertise here being “employed to service a broader set of customers beyond our existing base”. There’s now an “r4e launches live entertainment PR agency” announcement…
1337 days ago
Theatre productions and events marketing company Reach4Entertainment (R4E) has announced results from a “challenging” 2017, which also saw “significant change for the company particularly through the appointment of a new management team in Q4 of 2017 under CEO Marc Boyan”…
1430 days ago
When Gate Ventures and Johnny Hon first told Reach4Entertainment (R4E) and its useless, money grabbing, good for nothing, gutter dwelling Nomad and broker Allenby that it wanted to sell its 23% of the company the shares were well over 2p. With the stock placed they are now 1.55p-1.6p. Well done Allenby you useless clots. Enjoy spending your £170,000 commission.
1436 days ago
Today's bearcast is again recorded with a snoring Joshua but luckily my bad language did not wake him although it is still a bit distracting having an audience. On the agenda: Mosman Oil & Gas (MSMN), Amur Minerals (AMC), UK Oil & Gas (UKOG), Reach4Entertainment (R4E) - shares in which I own though I feel well abused for being so loyal - and finally Servision (SEV) where I told y'all but of course the Bulletin Board Morons knew better. They always do.
1438 days ago
Reach4Entertainment (R4E) has served up a trading statement which is, to use the technical term, nonsensical bollocks. But the shares are a very strong hold, at worst, at 1.95p.
1442 days ago
I start with why this bearcast is late. I got back very late from London where I was watching my daughter play Harold Wilson in Made in Dagenham and she was brilliant. So too was the musical. Well done Olaf although you are wrong about the gender pay gap! I look at the market bounce and the shit that is leading it. I look in real detail at the trading statement at Reach4Entertainment (R4E) where I am a shareholder, at Woodford dog RM2 (RM2) which is going on a one way trip to the vets in a fortnight and also at Woodford Patient Capital Trust (WPCT). Post bearcast it announced its NAV at 85.93p which means gearing must surely be through the 20% barrier. I also look at Optibiotix (OPTI) and the warrant exercise issue.
1453 days ago
I start with a look at the portfolios of those who are crowing as they have aced it for months. I have a warning for them. Then I look at my own portfolio, at the issue of short vs longer term performance at the individual stocks at risk reward and at why I am happy. Under discussion: Mark Slater, Neil Woodford, Optibiotix (OPTI), Reach4Entertainment (R4E), Falanx (FLX), Concepta (CPT), Big Sofa (BST), Premaitha (NIPT). I failed to mention Sosandar (SOS) but I am very happy there too. My HMD podcast I refer to is HERE
1505 days ago
Having noted on a potential Reach4Entertainment (R4E) placing last week that we understand that there has been strong demand at 1.5p per share and that we’re looking at £5 million at least being raised, the company has now announced a, conditional on General Meeting approval, £5.5 million placing at 1.5p…
1552 days ago
Having previously warned of a potential breach of “monitoring covenants” in the third quarter, Reach4Entertainment (R4E) “has now determined that the quarterly monitoring covenants for the third quarter of this year have been breached and has notified PNC”. However…
1555 days ago
This has been a long time coming but there is now a new CEO at Reach4Entertainment (R4E), in Marc Boyan. At the same time Lord Michael Grade will step up to become Non Exec Chairman. But it is Boyan who matters…no offence Lord Grade...
1668 days ago
We had heard that there were boardroom, er discussions, underway at Reach4 Entertaiment (R4E) and thus it is no great sutprise to see that David Stoller is to step down as Executive Chairman and as a director as of September 30.
1820 days ago
Reach4Entertainment (R4E) has updated that it “expects to produce a trading performance slightly ahead of market expectations for the 12 months to 31 December 2016 at the EBITDA and profit before tax levels”, confirmed the appointments of two non-executive directors and added Finance Director, Linzi Allen, to the board.
1843 days ago
Reach (R4E) flagged up in its FY numbers in May that it would probably breach banking covenants. It argued this was a technical matter of no concern but the shares slumped. We urged you to buy then.
1902 days ago
In today's bearcast brought to you despite having a heavy cold, such is my dedication to you my listeners, I cover: Reach4Entertainment (R4E), Wishbone Gold (WSBN), writing to the FCA, T Clarke (CTO), Northern Petroleum (NOP), Andalas (ADL), Uru Metals (URU), Bilby (BILB) and Windar Photo (WPHO)
1906 days ago
In this podcast I look at the Hillary Clinton bombshell and what it means for the election and shares, something I cover in more detail HERE. Then I explain insider dealing and the difference between how I treated Reach4Entertainment (R4E) and Cyan (CYAN). Finally I suggest that heads must roll at Northland over the Management Resource Solutions (MRS) scandals.
1907 days ago
I am even more angry than I was on Monday. Those who have caused this are in no particular order: Reach4Entertainment (R4E), my selfish and lazy ex wife, Roger Lawson, Wishbone Gold (WSBN), Belfort Securities and whoever is responsible for the League Cup quarter final draw, I also cover in detail Avocet Mining (AVM), IGAS, Magnolia Petroloeum (MAGP) and XCite Energy (XEL)
1907 days ago
Reach4Entertainment (R4E) has announced a share placing raising £2 million pre expenses at 1.5p. I am utterly livid for reasons that I shall explain.
1917 days ago
For reasons that seem entirely related to illiquidity on AIM and nothing to do with fundamentals, shares in Reach4Entertainment (R4E) have ratted back to 1.25-1.4p. It is crackers.
1950 days ago
Reach4Entertainment (R4E) has announced results for the first half of 2016, noting “we are pleased to report a strong first six months”, though that “the second half is expected to be more challenging”.
1997 days ago
On Thursday I spent much of the day with MBN, the firm run by Nigel Wray's daughter with which we are now putting on UK Investor. More details regarding April 1 2017 soon but it is all pretty exciting. On friday I had a catch up chat with Nigel and in this podcast I look at three companies we chatted about: Guscio (GUSC), Reach4Entertainment (R4E) and a new one, Franchise Brands which was born from the ashes of Myhome. Hmmmm.
2058 days ago
New York and London theatre and entertainment media company, Reach4Entertainment (R4E) has announced results from a “milestone” 2015 and is now “confident that the company has a solid platform from which to progress in the coming years”.
2129 days ago
I am a fan of Reach4Entertainment (R4E). We own the shares. I think they are cheap at 1.65p, they should be at least double that within two years as I explain HERE. But today it has announced a tiny deal which is just sordid (legal) tax avoidance. It leaves a bad taste in the mouth. Maybe I am becoming a bit of a Corbynista in my old age but I wonder how you feel?
2149 days ago
Reach4Entertainment (R4E) has updated that “trading has continued well in the last quarter of the year, with the expected seasonal uptick in revenues” and that it “therefore expects to report revenue, EBITDA and statutory profit before tax for the full year in line with market expectations”. Good news all round.
2167 days ago
It was announced this week that Gate Ventures, the totally dodgy company owned by Johnny Hon who is a total charlatan, has increased its stake in *Reach4Entertainment (R4E) by 5 million shares to 57.5 million shares - 12.12% of the equity. We think Hon is a total chancer - and that is being kind - but have noted before that him hoovering up loose stock will only accelerate the re-rating.
2190 days ago
One of the reasons I'm so happy we hold Reach4Entertainment (R4E) shares and in having this as a share tip (HERE) is the Hon Put which came into play today.
2211 days ago
There is no doubt that Reach4Entertainment (R4E) has been a total dog of an investment for many a year. But it goes into 2016 in great shape. We have bought shares in the market at 1.4p and 1.45p. I reckon the shares are going to 3.5-4.5p within two years and as such this is my 3rd tip of the year.
2223 days ago
This may seem like madness but we increased our holding in Reach4Entertainment (R4E) last week by 50% with another market purchase becuase, not despite of, the way that conman Johnny Hon of Gate Ventures (GATE) infamy has got involved.
2234 days ago
It has just been announced that Gate Ventures - the fraud booted off AIM after just four months earlier this year - has bought 14.5 million shares in Reach4Emtertainment (R4E) taking its stake to just above 3%. It could have been worse.
2247 days ago
Declaration of interest – David paid for lunch, a pleasant burger with a blue cheese topping and a glass of red wine. I happened to be in New York on Global Shorting Conspiracy business so popped into the relatively new Reach4Entertainment (R4E) offices in mid-town Manhattan to kill a couple of hours before heading to JFK.
2254 days ago
In today's podcast I start with my thoughts on the NHS. Guardian readers may wish to fast forward past that.Then it is onto assisting a twitter dickead (not David Lenigas) on Reach4Entertainment (R4E) and Nigel Wray. Then it is onto CDialogues (CDOG), blinkx (BLNX) and Havelock Europa (HVE). Finally a few more words on Gulf Keystone (GKP), Alba (ALBA) and Horse Hill.
2255 days ago
I am in Shipston with my father who has just won a premium bond. I discuss this ahead of spending it in the White Bear. Also how I deal with charities who call him. Then it is onto David Lenigas at the start with Lenigas Cuba (CUBA) and at the end with Rare Earth Minerals (REM). In between I look at Velox3 (VLOX), Juridica (JIL), Oilex (OEX), Phorm (PHRM), JQW (FRAUD), my anger at Reach4Entertainment (R4E), Paragon Diamonds (PRG) and I give Northern Petroleum (NOP) a well deserved kicking. Warning - this podcast contains strong language which some may find offensive. C'est la vie.
2255 days ago
Reach4Entertainment (R4E) announced on Friday the terms of a conditional, including on 2nd December General Meeting approval, placing and bank refinancing. We have this morning made a chunky (for us) investment in the shares (ie we bought in the market).
2414 days ago
Reach4Entertainment* (R4E) has announced it has entered into a conditional agreement to restructure its existing £14.785 million loan facility. This would see £5.155 million of debt converted into new shares equivalent to 12.5% of the fully diluted share capital on completion of the restructuring and a put option granted by R4E, the exercise of which would see it buy back the shares in five years for £2 million. The remainder of the facility is to be repaid in cash, with the agreement giving R4E until 30th September to secure the funding.
2425 days ago
Owner of London and New York-based theatre and live entertainment marketing businesses, Dewynters and SpotCo respectively, together with London-based signage and fascia business, Newman Displays, Reach4Entertainment* (R4E) has announced results for the 2014 calendar year and that it is “continuing positive discussions with our main lender to create a future financial base which will support our ability to maintain and extend our position as market leaders in promoting theatre, film and live entertainment events”
2442 days ago
Following an announcement disappointing in both content and timing (6:10pm Monday), shares in Reach4Entertainment (R4E) currently trade sharply lower at 1.15p. The statement does not read well but maybe the market has over-reacted.
2443 days ago
Now on my 3rd PC in 10 days forgive the two minutes silence at the end of this bearcast...I was trying to say, more on that to follow but this little horror of a machine froze on me. Anyhow this podcast covers Reach4 Entertainment, Sefton, Hunter Resources, Camkids and the other China Norfolks, New World Oil & Gas and the growing sense of doom here in Greece.
2677 days ago
Reach4entertainment (R4E) has announced results for the first six months of the 2014 calendar year and that it is “confident that we will, at the very least, meet market expectations for the full year”. Good. We are well on track with this share tip but there is more to come.
3084 days ago
We knew a three weeks ago that AIM listed Reach4Entertainment (R4E) was trading in line and was making further progress at tackling central costs by parting company with grossly overpaid FD Shirley Stapleton. I called the stock a recovery play at 3.75p then but with one caveat. That caveat has now gone and the stock at 4.75p is a clear buy as a share tip.
3103 days ago
Reach4Entertainment (R4E) the company formerly known as Pivot and before that First Artist has served up two great pieces of news today. The best is the departure of the grossly overpaid finance director Shirley Stapleton, but it gets better.
Stapleton was a legacy of the ancien regime which was marked for a central cost base which even by the standards of the AIM cesspit was bloated. Her package in 2011 was a salary of £178,000. Last year as Reach reported a small profit she trousered £175,000 plus a pension contribution of £8,000.
3247 days ago
Broker First Columbus has today initiated its coverage of theatre group Reach4Entertainment (LSE:R4E) with a buy stance at 4.9p and a target price of 10p. That may be on the cautious side. It is clear that Reach has stabilised and is out of the critical ward and on the recovery path something the broker note on this AIM listed company makes clear.
3278 days ago
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…
3341 days ago
The directors of media and entertainment company, Reach4Entertainment (LSE:R4E) have made good on their previous stated intention “to subscribe for new ordinary shares at the prevailing mid-market price but not less than the placing price, as soon as these (Spot & Co earn-out payment) discussions conclude”. The following reviews today’s announcement from the company on this and the investment proposition from here. This was a very bad share tip by me at 81p on t1ps.com. But anyone who averaged down as I advised at 3.5p should on balance now be showing gains. I know some were panicked by others into selling at the bottom. I am sorry if you took that duff advice. The question is where to go from here.
3352 days ago
PrintReach4Entertajnment (LSE:R4E) was a disastrous tip by me during my 12 years at t1ps.com – I first recommended it at 81p. Back on September 21st those now running t1ps advised their readers to sell at 3.5p, not having bothered to speak to the company first. I did and called it as a recovery buy. I hope folks followed my advice and averaged down as the shares are now 7.5p following two pieces of news today. Are they still cheap? I think so and here is why.
3382 days ago
It has been a long but enjoyable week. This week’s video looks back on some of the highlights, notably the Evil Empire winning the Nobel Peace Prize and my battle with AIM listed penny dreadful Sefton Resources (SER) on Tuesday. But I look forward too.
3386 days ago
On 21st September I wrote: Theatrical agency Reach4Entertainment (R4E) has been one of my worst tips ever. 81p in 2007 – when the company was called First Artist has become 3.5p today. My former colleagues at a site I shall not mention decided to shoot the dog after interims on 12th September. Unlike them I have spoken to chairman David Stoller and I think they are wrong. News out today very much starts to vindicate the writer who could be bothered to speak to the company and having had a quick pizza again with Stoller 10 days ago I am more convinced than ever ( with the shares now at 4.75p) that this may be a speculative buy. Here’s why.
3407 days ago
Theatrical agency Reach4Entertainment (R4E) has been one of my worst tips ever. 81p in 2007 – when the company was called First Artist has become 3.5p today. My former colleagues at a site I shall not mention decided to shoot the dog after interims on 12th September. Unlike them I have spoken to chairman David Stoller and I think they are wrong. And here’s why.