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RPC Group Share Discussion Threads
Showing 1051 to 1073 of 1075 messages
|Very pleasing results.
A couple of paragraphs caught my eye
" Given the recent growth in dividends paid and increase in number of shares in issue, the Group is evaluating a capital reorganisation to create further distributable reserves to enable the Group to continue its progressive dividend policy. This change in the capital structure will be a focus of work in the second half of the financial year.
As we successfully execute our stated Vision 2020 strategy, further attractive opportunities to grow the Group present themselves as the pace of consolidation the industry accelerates. Good opportunities exist for higher added value organic growth whilst at the same time consolidating certain market positions. The second half year has started well'
Good to see they want to continue the progressive dividend policy alongside adding to their growth.
They seem to have a target or targets in there sights.
As jeffian has said i would not mind if they did a discounted rights issue if it was as successful as the previous ones.
A summary from Shares magazine
|Brokers remaining bullish
|Great results. I should have topped up in the mid 900s.|
|best performer this year for me|
Accumulated today... near term £12 share price target (based on P/E 20 for EPS of about 60p)?
The rise in the share price this morning answers your query, as results 'in line' with expectations usually sees the share price fall often due to profit taking. Jeffries target price £11 and Panmure Gordon's target price £11.56 would suggest that they won't be too surprised.
In for the long haul to see the benefits of the 2020 strategy.|
|Panmure note out, reiterated buy rating:
|- RPC Group has hiked its H1 statutory pretax profit by 79% to £72.5m, from £40.5m. Interim dividend was 6.5p a share, from 4.8p.
It said revenue was £1.23bn, from £800m.
"I am very pleased with the overall business performance in the first half year, leading to record profitability levels with solid underlying organic growth and strong cash conversion," said CEO Pim Vervaat.
"Both the GCS and BPI acquisitions, whose integration is well advanced, have performed well with additional cost synergies identified.
"As we successfully execute our stated Vision 2020 strategy, further attractive opportunities to grow the Group present themselves as the pace of consolidation in the industry accelerates.
"Good opportunities exist for higher added value organic growth whilst at the same time consolidating certain market positions. The second half year has started well."
- Revenue, profit and cash flow reached record levels driven by the successful implementation of the Vision 2020 growth strategy;
- Revenues grew 53% reflecting the contribution from recent acquisitions and c.3% underlying organic growth;
- Return on sales improved to 11.1% (2015: 10.3%);
- Adjusted operating profit of £136.3m with the adjusted EPS improving by 45% to 30.7p;
- Strong cash generation with free cash flow at £118m (2015: £57m);
- Significant acquisition (BPI) made during the period, with four further acquisitions completed after the half year;
- GCS organisational integration completed and BPI's integration well advanced. Overall acquisition related steady state cost synergy forecast increased from €92m to at least €100m per annum;
- Interim dividend of 6.5p up 35%.|
|but we dont know is it in line or exceeds|
|A huge wow£11 by the end of the week?|
|The word "wow"comes to mind when looking at these results.|
|Divergence and Bearish price action on the daily timeframe, with daily value area at around 945.00.
On the hourly the price action is also bearish with price falling just before the 1030 level.
The value area is around the same level.
We are currently just under the 1000 level which could be a key psychological level.
Brokers and institutions look to be bullish on the Co. at the moment with ‘5.2% potential upside indicated by Credit Suisse’ on the 25th November.
Jefferies Group reaffirmed a “buy” rating and set a GBX 1,100 ($13.65) target price on shares of RPC Group PLC in a research report on Monday
Panmure Gordon reaffirmed a “buy” rating and set a GBX 1,156 ($14.34) target price on shares of RPC Group PLC in a research report on Friday
|USA action with Jefferies onboard?|
|Exactly what I was thinking Shauney.
Edit - position doubled :)|
|What to make of the appointment of Jefferies to act as its joint corporate broker alongside Deutsche Bank.A big acquisition maybe?
Nice breakout ahead of next weeks results.|
|The statement was very reassuring and the market obviously like it. The recent share price weakness may have been due partly to fears that the company may pay too much for future acquisitions and overstretch themselves. I can think of many examples of other companies doing this only to regret it later. Their strategy has worked well to date, so if they stick to it they should continue to prosper. I can remember them being tipped in Questor at about £2.30, some years ago with a few rights issues since as well.|
|Interesting comment about their "disciplined approach to balance sheet management". Have been a holder for a long time but when I clocked the growth potential of the acquisitions strategy, I used the deep-discounted Rights Issues to substantially increase my holding and it has become one of my largest and best-performing holdings of recent years. If they follow the format (deep-discounted Rights Issue), could be another great opportunity for shareholders.|
|Curious about that too.But some big fish seems to be buying today...|
|Company released this statement yesterday. Anyone known what the press speculation was?
|You're right. Results will be out on the 30th. Dion know where I got the 15th from.Anyway, cannot come soon enough. I think it'll be the required push to send this stock through the £10 mark.|
|I don't know which website you're looking at! When I looked it said 30th Nov, as did the last Trading Statement -
"29 September 2016
RPC Group Plc
Pre Close Trading Statement
RPC Group Plc ("RPC" or "Group"), the international plastic products design and engineering company, today issues a pre close trading statement for the period 1 April 2016 to 30 September 2016 ("first half" or "period"), ahead of its first half results announcement due to be published on 30 November 2016."|
|According to the website half year results are due 29th November.|
|I would say it is very likely this retests the 9£ mark and will probably do so ahead of the 15th when results are due.|