Robert Walters Share Discussion Threads

[disc0dave46] 21/3/2024 10:48

Hi EIHope all is well.Just your view on BRBY, sorry all for off topic.Could be a decent recovery but the debt now is putting me off, thoughts.PS still holding Page, like RWA but don't hold.

[pandaball] 21/3/2024 07:13

Yes, very fair, and I won’t deny I’m excited about this one. It has pulled off such swings during prior rate cut cycles (of course with their own circumstances - history no indicator of future, etc) and, to summarise very generally and from a global perspective as RWA is operating, the rate cut cycle is largely inflation driven while growth and employment continue to have traction (recession avoided). I think they can spring back quicker than analysts are estimating.

[essentialinvestor] 21/3/2024 00:00

£7,00 within 18 months seems a tad optimistic, but never say never, etc

[pandaball] 20/3/2024 22:47

Happily building a holding in this. Great balance sheet, lovely diversified position in recruitment globally, and a cyclical stock that is leading on macro recovery. As they said in their latest results, when companies see improvement ahead and seek to capitalise on it with headcount, they move quickly. And a o too will their results. I think this recovery will come soon, while the central banks are cutting rather than after. Hence I’m happy to build and hold now as it dips below 400. Targeting back above 700 within an 18 month horizon.

[triktrak] 12/1/2024 07:53

Robert Walters shares are cheap, says Liberum

hxxps://citywire.com/investment-trust-insider/news/expert-view-jet2-trustpilot-whitbread-hilton-food-robert-walters/a2433845

[hastings] 11/1/2024 08:31

Better update than I expected after Hays warning. Not really comparable though and with signs of recovery in Asia and Europe RW is very well placed. Net cash remains very strong and the 5% yield is handy too.

[deadly] 22/11/2023 16:30

10% rise towards the close: any news?

[essentialinvestor] 14/6/2023 14:15

Robert Walters was one of the very early employees of Page. From memory he eventually ran their US division.

[essentialinvestor] 14/6/2023 14:08

One of my first jobs was at Yellow Pages, Surbiton in the early 90's and my area manager at the time was the wife of a main Michael Pag (Page Group) main board director. We got on very well even though I worked in a much more junior role and over lunch one day (circa 1992) she mentioned Michael Page at 76 pence, saying..you can put your house on this, the cycle is starting to turn. Within 3-4 years it was Up around 300%.

Recruitment was often an early warning read on wider marco, whether it now works as efficiently..

[edmondj] 14/6/2023 13:33

Par for the terrain, really. Can recall meeting RW at head office well over a decade ago and his conceding zilch revenue visibility.

[gswredland] 14/6/2023 10:10

Thanks Essential

[essentialinvestor] 14/6/2023 09:42

It has indeed, possibly more complex this time with AI grabbing white collar employment over the next few years?.

Directors often give a signal when to buy in this sector, but ignore small purchases.

[gswredland] 14/6/2023 09:34

I agree Hastings. May take a couple of years though!
Done this with all the recruiters in recession and it's been profitable

[hastings] 14/6/2023 09:10

Circa 35% of mkt cap in net cash at the current price and a decent div too, assuming it will be held! Worth holding for a turnaround in due course.

[hpcg] 14/6/2023 07:37

If price react positively to the trading statement then something is afoot IMO. Otherwise the recent perkiness looks like over-optimistic bottom fishing.

[deadly] 05/6/2023 17:35

Maybe but has risen over 10% the last 2 trading days.

[essentialinvestor] 19/4/2023 18:10

I mentioned a few weeks ago is the recruitment cycle about to roll over and it's now looking
more likely. More jobs cuts in large tech announced today.

[chrisb1103] 19/4/2023 18:02

Am assuming there's sellers out there with the view the recent statement was a precursor of a profit warning? Any views on that?

[kalai1] 06/4/2023 12:52

Robert Walters plc issued a Q1 trading update this morning flagging up a “slower start” to the year. Group net fee income was up 4% to £102.4m as the uncertain global macro-economic conditions continued to impact recruitment activity levels across a number of the Group's markets and disciplines. 84% of the Group's net fee income is now generated by international businesses, headcount was up 1% quarter-on-quarter to 4,403. The Group continues to have a solid balance sheet with net cash of £70.5m as at 31 March 2023. Valuation looks attractive with forward PE ratio at 8.4x and PS ratio at 0.3x. But share price lacks momentum and is currently extending its 15-month correction. A share to monitor for the time being...

...from WealthOracle

[essentialinvestor] 06/4/2023 01:16

Given how RS Group (different sector) faired on Wednesday having increased guidance, I might not want to look at the open!.