Robert Walters Share Discussion Threads

[sportbilly1976] 06/7/2009 08:34

FI,

good call - seems potentially to be establishing a tight trading range (135-150) with a move up to 170 possible...

will keep an eye on it

[imastu pidgitaswell] 03/7/2009 13:57

Diverging somewhat from MPI - interesting.

MPI update due next Tuesday - won't be good, so that impact on RWA could indicate something more interesting.

[fast investor] 30/6/2009 11:08

From last management report...

The Group's balance sheet and cash position remain strong - our strategy is to manage the current downturn as effectively as possible, whilst preserving the breadth of disciplines and geographic coverage to enable the Group to take full advantage when the market recovers'.

[fast investor] 30/6/2009 10:54

First piece of positive news Ive seen from a broker on RWA for a long long time so things must be looking up at last even though its a hold. Note out late yesterday.

Robert Walters PLC

FORECASTS
2009 2010

Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Investec Securities [D]
29-06-09 HOLD -2.00 -2.78 4.75 1.00 0.69 4.75

[cockneyrebel] 29/6/2009 17:23

It will :-)

Chart on the next leg up imo.

170p has to be the target on that chart imo.

CR

[cockneyrebel] 23/6/2009 12:39

right on the buy line on the chart imo.

CR

[gswredland] 19/6/2009 19:03

The directors knew wnat they were buying at 80 a couple of months ago!

[cockneyrebel] 19/6/2009 15:44

135K shares placed there, both sides of the trade - now it's ticking up.

CR

[cockneyrebel] 17/6/2009 10:38

Unemployment nunbers much better than expected today, employment cycle about to turn positive in th ecoming months imo.

Good for recruiter.

CR

[imastu pidgitaswell] 10/6/2009 12:00

After three previous attempts failed at 130, and now it breaks through, I would think just a lack of sellers, and possibly some short stops set just above 130.

On rare occasions, supply and demand (for shares) really does work...

:-)


Still suspect some negative movement if MPI report negatively. And I'll be nosing around...



Depressing re-reading from my point of view:



imastu pidgitaswell - 6 Mar'09 - 11:23 - 451 of 469 edit


It's not as if they have any debts - they have net cash of over £22m.

Those were, in fact, fantastic results in terms of cash and assets. In terms of profits and earnings, sadly they're irrelevant, as this year has started with a 21% decline in revenue for the first two months. What does that translate into in terms of profits? They don't say, but it's not going to be good - probably loss-making, hence the share price weakness.

Anyway, at 85p, they have market cap of around £60m (pretty much the same as their net assets). With net cash of £22m, that leaves an enterprise value of £38m. For a business that generated £16m net cash after tax, interest and capex (i.e real free cashflow) last year, and which has no debt just plenty of cash, that would seem ridiculous. The problem is the level of cash generation this year and next year - we don't know.

Probably a good punt, not least for the takeover possibility. Certainly it won't be going down the wipeout/debt for equity road that many other businesses will be doing, and there's a reasonable dividend in the meantime.

[gswredland] 10/6/2009 11:53

Yep very nice. I wonder what has prompted this?

[cockneyrebel] 10/6/2009 11:43

Major breakout today.

CR

[imastu pidgitaswell] 10/6/2009 11:38

What a wonderfully behaved share. Damn...

[imastu pidgitaswell] 09/6/2009 19:55

Scheduled for July, but per their thread (MPI), may be brought forward.

[gswredland] 09/6/2009 19:06

when is mpi statement due please?

[imastu pidgitaswell] 09/6/2009 08:27

Might be - but then there are the rumours of the Michael Page trading statement being dismal. Still sitting tight for now, not holding.

[gswredland] 08/6/2009 18:01

breaking out?

[imastu pidgitaswell] 04/6/2009 11:32

Crunch time - plummeted from 130 twice before.

Not holding (looks like no-one else is either...), but will revisit if it does pull back once more.

[ramage] 30/4/2009 16:21

Strong finish should be up in the morning.

[cockneyrebel] 29/4/2009 10:26

HVN results out today - on a PE of 4 still, even after today's rise - just as the recruitment cycle is about to start :-)

CR

[imastu pidgitaswell] 27/4/2009 14:44

Yes, but it's not unlike an estate agent commenting on the housing market - impartiality is not much in evidence, maybe some wishful thinking is...

Still, doesn't hurt to talk up your own book.

[v11slr] 24/4/2009 19:30

Marketing recruitment to pick up in quarter two

23-Apr-09
Apteco

Hiring activity within the marketing sector remained slow in the first quarter of 2009 but will pick up in the second quarter as new recruitment and marketing budgets are signed off, according to recruitment consultancy Robert Walters.

The recruiter says hiring activity for marketing professionals in the first months of the year "remained slow" but that the start of many companies' financial years in quarter two has already driven a "noticeable" uplift in recruitment in April.

John Robinson, associate director of the marketing division at Robert Walters, says the uplift is due to a traditional "freshness" in the market at the start of a new financial year but could also be a realisation among companies that they have "left themselves short" after making redundancies last year and in the first quarter.

The recruiter also found the level of hiring activity for marketing contractors picked up in the latter weeks of the first quarter with an expectation that activity will continue to increase through this quarter.

Robinson says some companies remain cautious about committing to a permanent resource and may find it easier to get sign-off for contractors to complete "business critical" projects.

The expectation of an upturn in hiring activity comes a month after the Institute of Practitioners in Advertising latest Bellwether survey found that the decline in marketing spend slowed in the first quarter.

The net balance of the marketing professionals surveyed reporting an increase in marketing budgets was -34% in quarter one, compared with the -42% dip in the fourth quarter of last year.