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Reach 4 Entertainment – The Big Negative Removed

By Tom Winnifrith | Saturday 10 August 2013


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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.


We knew a three weeks ago that 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.



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