Rps Share Discussion Threads

[cobweb] 30/7/2009 09:50

Ridiculous drop today, totally overdone.

[barnesian] 30/7/2009 08:56

Normalised eps is around 18p so P/E is around 11. Hardly a premium for a company growing at compound rate of over 20% pa for last 4 years, albeit flat this year. It has protected its margins, and is hopefully in a good position to resume high growth rate. At any rate it has shown itself to be robust to a downturn and well placed for the upturn.

[nfs] 30/7/2009 08:48

Phillis

you say premium rating but the PER is only now 10 and the yield is about 3%-that is not excessive I think

[phillis] 30/7/2009 08:39

Not bad in the circs but do they deserve their premium rating?

[barnesian] 30/7/2009 08:36

Results steady in spite of £2m reorganisation costs and debt down by £24m.

Pretty good in the current economic climate, and outstanding compared to all the concerns expressed on this board not many months ago!

[cobweb] 29/7/2009 21:16

Very disappointing in the last few days, looks dodgey for tomorrows results ?

[cobweb] 21/7/2009 20:26

On our way now, 250+, stall a 235 ish, but good 10% to catch here

[melody9999] 16/7/2009 06:46

nice finish - from chart looks like we could be moving north again.

[cobweb] 01/7/2009 01:20

Anything going on here, views appreciated on RPS, feel upside to 230+ is due ?

[melody9999] 08/5/2009 22:56

Hi Matlad - yeah I've been in and out of RPS over the past few years. Its a solid hold for me - once I decided to jump back into the market RPS was straight on the watch list. OT but grabbed a few BHY today - another good profitable company with impairment charges now behind it and good divi confirmed if you get in next week.

[matlad] 07/5/2009 20:59

Melody The drop is across the market. No need to panic. Will be back above £2 by early next week, if not tomorrow.

[melody9999] 07/5/2009 20:56

I might be speaking to myself .....but what has caused the share price fall today? Looks like a tree shake to me - I know you can't rely on the Trades ...but more buys than sells. Considering a top-up.

[melody9999] 30/4/2009 07:53

A solid RNS - no more than I would have expected. On track and IMS belies the fall in share price The share price rise should continue IMHO.


RNS Number : 4143R
RPS Group PLC
30 April 2009

RPS Group plc

'RPS' or 'the Group'


Interim Management Statement

RPS is currently on track and remains financially strong.

We are leaders in a diverse range of international markets. As a result, we have long term relationships with a significant number of substantial organisations, the majority of which continued to invest in the first part of the year. This supported the Group's level of activity during the continuing economic downturn.

Results for the first quarter of 2009 indicate the Group is currently on track to meet market expectations for the full year. Our balance sheet remains strong. Net bank debt reduced from £28.6 million at the end of 2008 to £27.0 million at the end of March 2009, after funding deferred payments on prior year acquisitions of £6.6 million. We have extended our facilities with Lloyds Banking Group from £100 million to £125 million, available until 2013.

Energy: market strength demonstrated.

Our Energy clients continued to invest in major oil and gas exploration and production programmes. We are working on many internationally important projects and are only modestly exposed to the reduced investment in higher production cost areas. As is often the case after an oil price fall, the pace of asset and corporate transactions increased, further improving our income in this part of the market. National Oil Companies were increasingly active and have become an important part of our portfolio of clients. The cost inflation seen in the sector in recent years has subsided, making it easier to manage our own costs and accommodate clients' increased focus on achieving value for money.

Planning and Development: mixed performance.

Planning and Development in Australia continued to prosper, supporting, in particular, major gas exploration and infrastructure projects. The Governments of Ireland and Northern Ireland continued to invest in infrastructure and social developments from which we benefited. The Irish Government has sought to protect this investment in its recent budget, although pricing pressure is developing as individual departments manage tight finances and the deliverability of the budget needs to be demonstrated. There have been some limited signs of confidence returning to our UK commercial development clients, but more positive economic conditions are probably needed before activity levels materially increase, particularly in the London market. Private sector infrastructure providers in the UK remained busy, enabling us to focus more on this sector.

Environmental Management: broadly based success.

Environmental Management again performed well. The advice we provide to the UK water industry remained in demand as a result of our strong market position. Our Dutch business performed well in an economy which seemed more resilient than many. Demand for health, safety and environmental management support from the oil and gas sector also boosted our performance. Activity levels in the nuclear safety sector remained buoyant and our laboratories made a useful contribution.

Effective Cost Management.

Group interest costs reduced significantly compared with 2008, a trend that seems likely to prevail for the rest of 2009. Increased focus on efficiency in all businesses enabled us to reduce employment and operating costs further. This process will continue until economic prospects become clearer. We always manage working capital tightly, although in current circumstances, securing payment is taking somewhat longer, particularly in Ireland. We experienced no material bad debts, but the risk of clients defaulting will remain higher than usual until economic growth resumes. The weakness of sterling relative to other currencies in which we trade provided us with a currency benefit on consolidation of the Group's results.


Acquisitions and Strategy.

The acquisitions made in 2008 have been successfully integrated. Interesting acquisition opportunities continue to present themselves. In current circumstances our due diligence is more demanding and takes longer than usual, but our strategy of continuing to build a multi-disciplinary RPS on an international basis remains appropriate and achievable. Once the current financial and economic problems ease, the world will need to focus on the related issues of energy security, supply and climate change with renewed vigour. This will help RPS deliver the next phase of its growth.

Brook Land, Chairman, commented:

'RPS has a flexible and resilient business model which has enabled us to deliver good results in a range of circumstances for many years. The Board believes the Group is well equipped to meet the varying economic challenges in each of the markets and countries in which we operate and is currently on track to meet market expectations in the full year. Beyond that we are well positioned to assist in finding the solutions to the related problems of energy security, supply and climate change and remain confident about the strategy of the Group.'

[melody9999] 14/4/2009 20:38

999 - bought in again last week. I rate the management of this business and if they have taken cost saving measures in the current economic climate then that is fine by me.

[melody9999] 09/3/2009 12:56

999RP - what do you mean by 'solid'? Are you sure that your info is correct? Or are you questioning whether the company is 'solid'?

[999rp] 06/3/2009 14:40

dont know if its solid but they have just closed their newbury office and 25% reduction of staff at all their London offices

[guru11] 04/3/2009 13:07

Looks like now the pe is 7.8, but the forecast for a couple of years time on digitlook was already 6, so that probably needs to now be revised downwards making the stock cheaper than it was before on the prospective rating.

Serious buy of 375k shares today around £500,000.

Britishbulls have a confrimed buy today although at 132p pre rise price, which is after the event a bit - Most of today one could not buy in at 132p.

[bletherer] 04/3/2009 13:04

Two years ago on this board I described RPS as looking "frothy" when the P/E was up at around 25. Well, at this point the froth and a good deal else besides has come off, but the company still keeps churning out its traditional +20% p.a. growth. Right now I reckon fair value would be nearer £2.50 than £1.50, and I expect RPS to rise back towards that level when the bear market loosens its grip.

[peaeff] 04/3/2009 09:01

Cracking set of figures and even more encouraging very little doom and gloom for 2009.

Will probably sell later in anticipation of current market trends forcing the price down again but will most certainly be back.

My eyes tomorrow on AGK.

Regards PF

[guru11] 03/3/2009 10:18

A lot of small trades today after a bit of a lapse in trading of late.
Punters are obviously buying or selling ahead of results tomorrow.
But one has to wonder if profits are to be at the top end of expections should one not be buying for tomorrow, but then in todays market who knows which way the price will go tomorrow. In these markets it is a bit like betting on red or black.

Thought I buy in today, as the price is firming up. Will watch closely and see what happens. Need to put a stop limit on this in case it goes the other way, but results should well please tomorrow.

There is one winner today - the market makers - as the number of trades today - although small trades - have increased dramatically.

Eyes down tomorrow chaps !!!

[barnesian] 03/3/2009 09:39

Today's daily Bull statement says "Today a Black Opening Marubozu was formed. This shows that the day opened and prices continuously went down but they did not close at the low of the day and thus they created a lower shadow." !

The weekly statement says "An intraweek Black Spinning Top was formed. This represents complete indecision between the bulls and the bears."

These patterns are apparently sell signals. But the price has gone up strongly this morning. Who knows??

[peaeff] 03/3/2009 09:37

morning all

I bought back in on Friday on the expectations of very good figures, so I am pleased to see, so far, today's recovery, despite the doom and gloom being forecast on the news last night.

With 'safe' interest rates where they are at present any quick profit of around 5% will be most satisfactory especially if it materialises in one quick hit.

That is the order of the day for me a quick in and out. RPS tomorrow AGK Weds which I also bought on Friday.

Regards and good luck to all. PF

[barnesian] 03/3/2009 09:31

Bulls uses technical analysis based on candlestick patterns on either a daily or weekly basis. You can take your pick of daily or weekly. Sometimes they give different signals. It is for day trading rather than medium term investment.

[melody9999] 02/3/2009 22:06

easy guru - its being marked down with the rest of the market. not sure about the bulls, but i think they base recommendations on technical analysis.....looking at this chart and the market, the money has to be on it falling back to 100p.

its on my watch list to buy in as a good company and management