||EPS - Basic
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RPS Group Share Discussion Threads
Showing 826 to 849 of 850 messages
|Another strong day :-)|
|Liberum Capital today reaffirms its buy investment rating on RPS Group PLC (LON:RPS) and raised its price target to 265p (from 230p).
Story provided by StockMarketWire.com|
"Towards the end of 2016 a significant proportion of the debt provided was recovered, resulting in the reversal of provisions totalling approximately GBP4.2m. Even excluding this provision reversal, the Group result was still well above current market expectations." "Well above" sounds promising.
"The Group's trading result for 2016, as measured by PBTA, approached the level of the 2015 audited result."
The 2015 PBTA was £51.8m. So we can work out the progression is something like:
1H 2015 £23.0M
2H 2015 £28.8m
1H 2016 £20.2m
2H 2016 £31.6m
Dividend unchanged. That makes sense for a year or two while they repair the dividend cover though I would expect them to re-institute a progressive dividend policy in due course. Ir will interesting to hear what they have to say about this in their full results.
Continued strong cash flow.
Very promising. Well done to the management and staff. They've been through a tough time and don't get much recognition.|
|Glad I kept the faith with this share nice +11% today... :-)|
|RPS is now up to 80/100 on the Stockopedia stock ranking so will now be appearing on many investors' shortlists. It is also on the Charles Kirkpatrick Bargain Screen.
Forward dividend yield is 4.3%.
Trading statement out soon.
I'm interested in the dividend policy under the new Chairman. I'm sure it will remain progressive but probably nearer 5% increase pa rather than the historical 15% pa which wasn't really sustainable. A 5% increase pa, if it is reflected in share price implies a 9.3% return (capital plus dividend).|
|IC Tip of year-- "Buy in slack water". Tip- Speculative, Risk High, Long term Timescale. I'm still slightly underwater, but IC is helping me!|
|A 40% gain in two months.
I don't think it is all because of oil prices. The non-oil business is worth a lot more than the oil business even at these higher oil prices. There will also be a positive exchange rate effect on both segments.
Not long to wait until the results in late January. I'll re-assess my valuations of the oil and non-oil businesses then based on the latest results. In the meantime ... enjoy the ride.|
|IC tip of the year on Friday. Have dipped toe in water as I recent announcements from oil cos look like leading to some rise in spending. Operational gearing should click in later this year. Decent yield, but not too worried if that is cut even if there seems no particular reason to do so as debt very serviceable|
|Yes, it does look more positive now. Must be because of improved oil prices...|
|Just look at that chart! I think investors are not waiting for 27 Jan but are getting in now.
Back on 7 Mar on this Board, I said:
"Valuing the energy business on a P/E of say 6-8, with an underlying eps of say 3p, it is worth say 20-25p a share.
The non-energy businesses, growing at 20%+pa, with reasonable margins, diversified risk, I would expect to be trading on a P/E of say 15-20, with an underlying eps of say 14p. This values it at say 210-280p a share.
So in total I think it is worth about 230-305p a share. The low valuation of the energy business is disguising the valuation of the non-energy businesses.
The half year results are announced in six months time. If profits are down as predicted in this announcement (because of the energy business), there could be a really excellent buying opportunity if the market overacts downwards."
We have seen/are seeing the excellent buying opportunity as predicted, and I stand by my valuation of 230-305p a share.|
|Yes I think that's right. Last year there was a trading update on 27 Jan with the full results announced on 3 March.
The RPS November newsletter is just out which gives an interesting overview of various projects but no numbers.
We have to be patient! I suspect interest in this share will perk up as 27 Jan approaches. Much more upside than downside I think.|
|Looking at last year, it doesn't look like there will be a trading update ahead of January's FY prelims..?|
|nice 6% pop today bizarrely; resources strong?|
|The price chart is looking very good. It seems to have broken through the 180p resistance level.|
|Is anyone else on this Board? I feel I'm having a conversation with myself!|
|I've just been looking at the proposed new executive incentive plans to be put to an Extraordinary General Meeting on 30th November.
As an ex-Chairman of a Remuneration Committee of a PLC, I am impressed by it, and it has my support.
Short term yearly bonuses will be based on three measures: (i) PBTA
- 70% weighting, (ii) cash conversion - 20% weighting and (iii) personal objectives - 10% weighting.The Remuneration Committee will disclose the precise targets at the end of the performance period so that shareholders can fully assess the basis for any pay-outs.
(The disclosure of the precise targets will be interesting!)
Three yearly bonuses will be also be based on three measures (i) Earnings per Share (25% weighting) (ii) cash conversion(25% weighting) and (iii) relative Total Shareholder Return against the FTSE All Share (50% weighting).
(Good to see relative Total return to Shareholders so heavily weighted).
With this remuneration plan, a new Chairman and a new world economic environment where investment in infrastructure is seen as a key priority, I feel very positive about this company.|
|Rumours in the trade press that the Government will give the go-ahead to both Heathrow and Gatwick next Tuesday.
That would be excellent news for RPS (see above).|
|Government announcement on third runway in mid-October will impact RPS who has done major work for both LHR and LGW.
A LGW decision will benefit it the most - though it should benefit in any case from the extra investment in infrastructure to be announced in his Autumn statement by the Chancellor.
It also benefits from the Hinkley Point C project, recently agreed:
"RPS provided planning and environmental consultancy on the Hinkley Point C across a number of disciplines. RPS was first appointed as planning and waste consultant for the project to prepare, submit and negotiate consent for the Enabling Works Project which permitted significant site preparation works prior to submission of the DCO application to the Planning Inspectorate.
RPS also provided planning and waste services as part of the preparation of the Development Consent Order (DCO) application. Additionally, they helped to develop the sustainability strategy and the Health Impact Assessment as well as providing support alongside the Environmental Impact Assessment process. RPS also attended and provided client support at the DCO hearings.
RPS’ involvement covered not only the plant site but also further associated development sites including freight handling locations and the refurbishment of the nearby Combwich Wharf."|
|Big recovery during the day; those who sold early must be mad and poor!|
|I agree. On 7 March, I posted (above) "The half year results are announced in six months time. If profits are down as predicted in this announcement (because of the energy business), there could be a really excellent buying opportunity if the market overacts downwards."
I think that is exactly what has happened. The results are no worse than anticipated in the last statement. The non-energy business profit is up 7.5% from £25.4M to £27.3M. The energy business is expected to return to profit in the second half. Excellent cash conversion from profit. Sensible cautious approach to dividend policy and acquisitions.
Brexit brings uncertainty but there are two positives. The drop in sterling will increase the reported revenue and profit of non-UK operations. I think this will be significant. This effect has done wonders for GSK and AZN. The other upside is that it is increasingly likely that the UK government will give a Keynesian boost to the economy by borrowing to finance extra infrastructure investment to the benefit of RPS.
Definitely a buying opportunity. Won't last long.|
|Back down below 160p today on those results.
But I think that's overdone.
Revenue (GBPm) 291.4 284.1
Fee income (GBPm) 260.8 253.4
PBTA (1) (GBPm) 20.2 28.8
Adjusted earnings per share (2)
(basic) (p) 6.44 9.50|
|Finally up they go.....|
|Yep, thought they too cheap around 175p..|