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RBGP Rbg Holdings Plc

8.85
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Rbg Holdings Plc RBGP London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 8.85 08:00:00
Open Price Low Price High Price Close Price Previous Close
8.85 8.85 8.85 8.85
more quote information »
Industry Sector
SUPPORT SERVICES

Rbg RBGP Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
26/04/2023InterimGBP0.00504/05/202305/05/202316/06/2023
13/09/2022InterimGBP0.0222/09/202223/09/202230/11/2022
27/01/2022InterimGBP0.0303/02/202204/02/202225/02/2022
16/07/2021InterimGBP0.0229/07/202130/07/202127/08/2021
28/01/2021InterimGBP0.0304/02/202105/02/202126/02/2021
24/01/2020InterimGBP0.0128/05/202029/05/202019/06/2020
01/08/2019InterimGBP0.0203/10/201904/10/201922/10/2019
04/02/2019FinalGBP0.02809/05/201910/05/201924/05/2019

Top Dividend Posts

Top Posts
Posted at 18/12/2023 10:56 by cottoner
Lawrence Hulse of Dowgate Wealth discusses RBGP @ 56:55
Posted at 28/9/2023 06:29 by robsy2
Looks like the worst is over:

Current Trading & Outlook

-- The first half of the Company's financial year has historically been the slower of the two halves, and the Board can already see this trend continuing, with a strong start to H2 2023

-- Trading within the Group's Legal Services division was robust in the first half, and the Group has good visibility on revenue and profitability in this division for the second half

-- As a result, the Board is confident that the core Legal Services business will meet full year market expectations

-- Convex Capital has grown its pipeline to 22 deals, seven of which are in the latter stages of completion. The Board is confident that several of these deals will complete before the end of the year

-- The Board therefore expects to meet its current market forecasts for FY23 [3]
-- Positive discussions with lenders underway regarding the Group's debt facilities due for refinancing in April 2024

Jon Divers, CEO, RBG Holdings plc, commented: "Over the last six months, the new leadership team has established a clear strategy to restore value to the Group by focusing on the Group's core Legal Services business. Furthermore, we have reduced the Group's risk profile and are prioritising the payback of the Company's debt. To help achieve this, we have now disposed of LionFish, suspended the dividend, and discontinued the previous management's strategy of carrying investments in CFAs and DBAs as assets on our balance sheet and only recognising revenue when it is paid.

"Overall, I am pleased with the performance of our core Legal Services businesses, Rosenblatt and Memery Crystal, which are delivering solid revenues and profits. Their trading, despite the wider economic environment, has highlighted the resilience and counter cyclical nature of the businesses, both of which have over 30 years' proven trading history. Driving the organic growth of these businesses is at the heart of our plans. Our average revenue per fee earner have improved significantly during the period and is among the highest in the industry. Since April, we have hired seven additional Partners; five have already started with the remaining two joining either later in the year or early 2024. They all have high levels of experience and knowledge in their respective fields, creating more revenue opportunities.

"M&A activity in the UK during the first half of 2023, industry-wide, has been at a much lower level than in recent years. As a result, our specialist sell-side M&A advisory business, Convex Capital, only completed one deal in the first half of 2023. However, momentum is returning, and the business has a strong and growing pipeline. We are confident that several deals will complete before the end of the year.

"The decisive action we have taken during the first half, means that the Group has been de-risked and simplified, providing greater visibility to investors going forward. The ongoing business is profitable and highly cash generative and we are committed to reducing the Group's debt. We have a clear vision, a solid foundation on which to grow, and an absolute commitment to restoring the Group's value."
Posted at 27/7/2023 06:35 by catabrit
Ouch. Who wants to own a busted, over-levered roll-up with no dividend yield when you can get juicy fixed income yields or even 3.5% just holding cash? I’m sorry to say it and I hope I’m wrong but I fear this is going to be in the doldrums for a while. Management will need to regain investor trust and that’s going to take time.
Posted at 26/7/2023 08:29 by aleman
Quite a few battered smallcaps have reported today and seen their shares bounce. The market seems to be in a short-term positive mood and it can be seen in some individual and index moving averages, with a fair number of smallcaps regaining 50-day and 200-day averages in quickstep. I remain bearish generally but not for RBGP. I hope to see a similar averages move with RBGP in coming days when news revealed is not quite as bad as some comments on here in recent weeks would have us believe. There is still a company here and it should now be brushing itself down and getting on with things after a bit of a fall. Hopefully there are no injuries that won't mend. There seems to be an awful lot of damage already priced in. Tomorrow we'll hopefully have a much clearer picture much there is.
Posted at 24/7/2023 19:15 by clive7878
Problem is with RBGP - there are a number of articles which look a bit woolly now, so it is difficult to draw a conclusion what the future really does hold, some think the knife will keep falling, while others think the share price has bottomed out and it is a recovery stock.

From the I.C. believes it is a buy, - rightly or wrongly - and states -
On this basis, and factoring in a higher tax rate, expect EPS of 8p and a dividend per share of 4.5p, implying the shares are rated on a prospective price/earnings (PE) ratio of six and offer a 9 per cent forward dividend yield.

Importantly, the new board is committed to reducing RBG’s net debt of £19.2mn and should make significant inroads this year with the benefit of projected free cash flow of £4.8mn and cash from the sale of LionFish – the unit has £5.3mn of litigation investments and £1.7mn of liabilities excluding £4.7mn owed to the group. Analysts expect net debt to be slashed to £16.6mn by the year-end
Posted at 24/7/2023 08:08 by quepassa
Yawn Yawn Yawn.

I think you have learnt diddly-squat. And frankly I really couldn't give a fig about your worthless opinions.

You are just sour that you are sitting on a heavily losing position.

In terms of misleading, you're just a sheister talking your own book.

This is what you wrote in post 947 in April:



"A recovery stock on a 9% dividend yield".

Price then 45p.
Price today 27p


Great going. Yeah. Right. Rock on.

40% loss in three months.

You can give yourself a big pat on the back for that one.


ALL IMO. DYOR.
QP
Posted at 22/7/2023 11:49 by clive7878
bluemango - It is correct that - according to the Investors Chronicle article - that Kevin McNair - previously finance director of various public-quoted and privately owned businesses for last 18 years - will stand in for Suszanne Drakeford-Lewis the newly appointed finance director of RBGP - probably until next January 2024.

The stock has been a bit of a falling knife since October 2021, 140p to now 26p although the pe ratio and dividend currently - if maintained - does make the stock very good value, but positive future figures are needed for the stock to rise. but even with the IC buy recommendation this week the share price still manage to slide again last Friday.





All the signs are that RBGP is a buy, so is this the time to buy in - is the $64 question.
Is the answer that it is not on many investors radar screens at present ?
Or are they afraid that they could be catching a falling knife, but has the share price now bottomed out ?
Posted at 17/7/2023 07:28 by se81
New (paid for by company) research from Progressive equity this morning

Find it a little strange given they maintain estimates and talk about an 18% dividend yield- hard to believe these can be maintained but you presume its management putting these in the mkt via Progressive

Anyhow still no bid in the mkt for the shares...

hxxps://progressive-research.com/research/lionfish-sale-completed/

Last week, RBG announced the successful disposal of LionFish to Blackmead Infrastructure for a total consideration up to £3.06m. In our view, this materially simplifies the business and reduces its exposure to third-party litigation funding, which has detractedfrom the otherwise morestable underlying revenue and earnings profile of the group. The LionFish disposal strengthens the balance sheet,enabling the new board to focus on driving the high-margin, cash-generative legal and professional services group. We maintainour estimates for FY23and note that RBG continues to trade at a discount to its peer group,despite sector-leading margins and a forecast 18% dividend yield. With the LionFish disposal successfully completed,alongside positive sector newsflow, we expect the shares to re-rate.

▪LionFish sale completed for a totalconsideration of up to £3.06m, comprising an immediate payment of £1.06mthat will be used to repay an inter-company loan. The additional £2m payment is subject to the successful outcome ofcases acquired, with the level of payment dependent on the return generated by each case. However, the sale fully discharges RBG from ongoingfunding commitments at LionFish, currently estimated to be £2.6m. RBG will report a non-cashdisposalloss of £0.98m.

▪Positive sector read-across from DWF and Knights. DWF is in talks regarding a buyout reportedly valued at around £342m with privateequity firmInflexion. Shares across the sector have reacted positively to the renewed interest in deals in the legal services space. Knights also announced positive results for FY23lastweek,with PBT up nearly 20%.

▪Board restructured.In January, Jon Divers, previously Group COO, was appointed to the board as CEO. Tania MacLeod (Senior Partner, Rosenblatt) and Nick Davis (Senior Partner, Memery Crystal) were also appointed as Executive Directors, creatinga board with a good cultural fit and range of commercial experience. Also, Kevin McNair was recently appointed as interim CFO, while the incumbent is on sabbatical.

▪Simplified business and divestment should drive a re-rating.Proceeds fromtheLionFish sale will be usedfor working capital and to reduce net debt. Recent FY22 results highlightedthe strength of the core business, and we believe that consistent delivery of sector-leading margins and growth warrant a rating for RBG closer to its peers. In our view, these factors,plus RBG’s simplified model, board restructuring, AIM IHT relief certainty post LionFish sale and forecast 18% dividend yield, are not reflected in the current FY23E PER of just 3.3x
Posted at 11/5/2023 00:35 by aeonflux
Good write up in Investors Chronicle...RBG's recovery potential* 2022 adjusted pre-tax profit rises two-thirds to £10.9mn* Adjusted earnings per share (EPS) from continuing operations of 9.2p* Underlying free cash flow of £4mn* Annual dividend of 2.5p and policy to pay out 60 per cent of net profitIn 2022, RBG's legal services revenue increased by 38 per cent to £44.9mn following the integration of Rosenblatt and 2021 acquisition Memery Crystal. The addition of Memery Crystal's non-contentious legal services (corporate and real estate) not only provides a natural hedge to the changing economic environment, but has increased the group's scale and enhanced its ability to win non-contentious mandates as well as improving the new business pipeline.The diversification means that revenue is more evenly split across the three main practice areas: dispute resolution (40 per cent), corporate (37 per cent) and property (23 per cent). Dispute resolution, Rosenblatt's speciality, continues to perform well and the firm has taken on contingent work of £2.5mn. Average revenue per fee earner increased 25 per cent to £436,000, reflecting better resource management in the integrated practice. Importantly, the practice is performing to the board's expectations.Convex Capital, the Manchester-based specialist sell-side corporate finance advisory business, is focused on helping companies, particularly owner-managed and entrepreneurial businesses, realise their value through sales to large corporates or private equity companies. The firm identifies and proactively targets businesses that represent attractive acquisition opportunities.Although challenging market conditions in the second half of last year led to deferral of deal completions and meant that Convex only completed six deals and delivered revenue of £5.3mn in 2022, down from 14 deals and £9.4mn revenue in 2021, the business has a strong pipeline of 24 deals, with a number in advanced stages of completion. This augurs well for the future and adds weight to house broker Singer Capital Markets' forecast that RBG can deliver current-year pre-tax profit of £10.2mn on slightly higher revenue of £52mn. On this basis, and factoring in a higher tax rate, expect EPS of 8p and a dividend per share of 4.5p, implying the shares are rated on a prospective price/earnings (PE) ratio of six and offer a 9 per cent forward dividend yield.Importantly, the new board is committed to reducing RBG's net debt of £19.2mn and should make significant inroads this year with the benefit of projected free cash flow of £4.8mn and cash from the sale of LionFish – the unit has £5.3mn of litigation investments and £1.7mn of liabilities excluding £4.7mn owed to the group. Analysts expect net debt to be slashed to £16.6mn by the year-endAlthough it's early days, the attractions of a 52 per cent discount to the peer group average PE ratio of 13 and a sector-leading dividend yield make RBG' shares a recovery buy.
Posted at 27/4/2023 06:39 by paleje
Thanks Scuba, Simon Thompson's report makes good reading I've pasted his conclusion.



......Although challenging market conditions in the second half of last year led to deferral of deal completions and meant that Convex only completed six deals and delivered revenue of £5.3mn in 2022, down from 14 deals and £9.4mn revenue in 2021, the business has a strong pipeline of 24 deals, with a number in advanced stages of completion. This augurs well for the future and adds weight to house broker Singer Capital Markets’ forecast that RBG can deliver current-year pre-tax profit of £10.2mn on slightly higher revenue of £52mn. On this basis, and factoring in a higher tax rate, expect EPS of 8p and a dividend per share of 4.5p, implying the shares are rated on a prospective price/earnings (PE) ratio of six and offer a 9 per cent forward dividend yield.

Importantly, the new board is committed to reducing RBG’s net debt of £19.2mn and should make significant inroads this year with the benefit of projected free cash flow of £4.8mn and cash from the sale of LionFish – the unit has £5.3mn of litigation investments and £1.7mn of liabilities excluding £4.7mn owed to the group. Analysts expect net debt to be slashed to £16.6mn by the year-end

Although it’s early days, the attractions of a 52 per cent discount to the peer group average PE ratio of 13 and a sector-leading dividend yield make RBG’ shares a recovery buy.

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