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RA International Group Plc ( (GB:RAI) ) has issued an update.
RA International Group PLC has announced plans to cancel its admission to trading on AIM, citing the disproportionate regulatory burdens and lack of liquidity due to its concentrated shareholding. The company seeks shareholder approval for this move, which it believes is in the best interest of both the company and its shareholders. The market conditions have been challenging, with delayed contract mobilizations impacting financial performance, prompting the company to consider cost reduction measures, including the potential divestment of loss-making subsidiaries. While these divestments could improve cash flow, they may also reduce revenue and margins due to ongoing operational delays.
More about RA International Group Plc
RA International Group PLC is a leading provider of complex and integrated remote site services to global organizations, focusing on supporting operations in challenging environments. The company aims to deliver comprehensive solutions tailored to the unique needs of its clients, often operating in remote or volatile regions.
YTD Price Performance: -3.70%
Average Trading Volume: 86,346
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £11.15M
See more data about RAI stock on TipRanks’ Stock Analysis page.
