Added to YB: 2024-06-18
Pitch date: 2024-06-14
RE.L [bullish]
R.E.A. Holdings plc
+21.88%
current return
Author Info
No bio for this author
Company Info
R.E.A. Holdings plc engages in the cultivation of oil palms in the province of East Kalimantan in Indonesia.
Market Cap
GBP 56.8M
Pitch Price
GBP 0.96
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.69
P/E
3.12
EV/Sales
2.16
Sector
Food Products
Category
turnaround
R.E.A. Holdings
RE.L: Indonesian palm oil producer at 80p vs 400p pre-Covid due to debt from investing in quarry/sand biz. Deleveraging & validating asset backing can break the "doom loop". Multiple FCF drivers: better yields, prices, stone/sand production, palm oil prices. Geared with bank debt. NAV 250p, expected acquisition in 12-18mo at 100p+. Risks: Indonesia, land sale, sand permit, M&G selling 14% stake.
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