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Results: RAI

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RA International – ‘stalled order book momentum’. Er, isn’t it somewhat worse than that?...

Remote site services group RA International (RAI) has announced full-year revenue “in line with management expectations” and that “the underlying business has remained profitable through this disruption and our solid balance sheet supports our forward looking requirements”. So what of a current share price response to 29p, more than 23% lower?...


RA International – follows trading warning with… “Long Term Incentive Plan and Grant of Awards”!

Previously writing on remote site services provider RA International Group (RAI), in March I noted the shares more than 15% lower towards 40p on the back of a warning from Mozambique. The subsequent results statement included that “confidence needs to be tempered for the current financial year given the prevailing external conditions with the situation in Mozambique uncertain and, more generally, COVID-19”. And today... “Long Term Incentive Plan and Grant of Awards”!

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