Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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”
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Comments
Smudgedan
I used to be in R4E and had high hopes of a turnaround given that they had refinanced the debt and the business was growing, so was surprised by the RNS earlier in the year announcing that they needed to refinance again.
Pretty much a binary play now on them getting the refinancing sorted. If they do it will 4 bag. If they don’t its probably game over.
The other option would be to sell one of the businesses, but I guess only Spot Co would be of any interest or generate the kind of bid that would get R4E out of the hole they are in
David Russell
What do you all think about todays news and the trade data sells & buys.?