Rbg Share Discussion Threads

[davidosh] 22/9/2022 22:20

Don't miss the show on Monday evening. As shareholders you are entitled to free tickets when registering for the event using code SHR100.. RBG are on at 6.45pm Https://melloevents.com/mellomonday-26thseptember/

[scubadiverr] 20/9/2022 13:48

Bottom draw should surely be reserved for the likes of INCE? It should be noted RPGP is fundamentally in a much stronger position than at IPO and has since that time paid 13.8p in divs, with more to come. Ex div on 22/9 for another 2p

[quepassa] 20/9/2022 13:22

May 2018 IPO at 95p. Price today- four and a half years later- 90p. Bottom drawer share price performance. ALL IMO. DYOR. QP

[maddox] 14/9/2022 08:11

Simon Thompson of Chronic Investor tips RBGP as BUY to take advantage of 45% price anomaly to peers. No share price target is stated but doing the math and it would be 157p. ST's investment case is laid out in much more detail in this report from Progressive Research httPS://progressive-research.com/wp-content/uploads/data-sync/research/RBGP%2020220719.pdf

[bigbaggy] 14/9/2022 07:37

Heavily indebted and share price under IPO price making acquisitions impossible. CFO will be hoping it will survive another year so that he can collect his egregious £1m share pay-off.

[qs99] 13/9/2022 18:56

Actually, once you are a certain size, with good reward mechanisms in place, having worked in people's based businesses all my life, you should, with the right culture and strategy, be able to retain good staff and still make good money. Especially in law as that is one profession that can milk clients better than any other professional services firms IMO!!! DYOR

[riverman77] 13/9/2022 17:42

What's not to like? Well, as a people business reliant on highly specialised lawyers and financiers (who are free to move on whenever they like) there will always be pressure to pass on most of the profits to their staff. For that reason, I generally avoid such business, with which I would include investment banks, litigation financiers, some fund managers and even football clubs.

[qs99] 13/9/2022 08:06

Nice solid results, solid yield and EV/EBITDA of around 6, what is not to like please here? DYOR

[tole] 18/8/2022 22:08

https://masterinvestor.co.uk/equities/rbg-holdings-reviewing-targets-ahead-of-interims/

[petewy] 09/8/2022 17:00

Still holding, Habit more than enthusiasm

[riverman77] 22/7/2022 09:57

Not entirely sure which peers he is comparing it to and he doesn't say in the article - the likes of Knights and Ince are far cheaper. He also doesn't mention the real reason why the share price has drifted (the outrageous bonus to the CFO which makes it uninvestable in my view).

[goodpick] 22/7/2022 09:38

Tipped in this weeks investors Chronicle by Simon Thompson. Says RBG is on a 50% discount to peers. Currently on a 2022 PE of 8.

[scubadiverr] 18/7/2022 09:53

A well written post as always and mirrors my thoughts upon reading the RNS this morning. This reassurance should have a positive impact on the SP, providing positivity against a backdrop on uncertainty in the markets as a whole. Unfortunately, the greed of the CEO and FCO appear to continue to weigh heavily upon sentiment. This is a real shame as the current share price will be negatively impacting the groups own M&A opportunities and ambitions, at a time when opportunities are likely to become more abundant.

[maddox] 18/7/2022 09:25

Great to see in today's trading update that despite the depressed stock market RBGP is trading well and in-line with market expectations. I'm particularly pleased to see that 'market expectations' is referenced and stated: This adds absolute clarity and I wish more firms would follow this best practice. The integration of MC appears to be going well and the EBITDA margin improvements are very positive. The other Divisions are trading strongly which is reassuring with the general poor economic sentiment. A key attraction for me is that the Legal Services market tends overall to be uncorrelated with the general economy. If one part of the market is suffering another tends to be busy. The degree to which this true and recognised by Mr Market we'll have to wait and see - Legal Services as an investible sector is still relatively recent.

[goldbutler] 13/6/2022 18:25

There is an article ' pitted against the Best' from many years ago in Independent and it deals with Brands Hatch which was sold BY yes the dealmaker Ceo. The background is wonderful and John Webb and his wife are mentioned in the article all around Brands Hatch . the company was sold and it had approx 1050 acres of land but the article shows that all those KPIS and financial reporting it never moved the profits for 5 years. There are those who believe that it was the development potential of the land which helped the sale. But John also gave a very lengthy interview on the magazine MOTORSPORT 2011 which can be read online . wonderful interview about 1940 50s 60s days of the motor racing - But it is worth staying until the last section when he deals with the current CEO of RBGP , for she it was who took over brands hatch It raises the issue of the directors and staff from Brook Land onwards who have just got up and left. just what is the staff turnover like now at the legal firms when PQ solicitors working elsewhere are earning as much as the partners at rbgp or MC . Time for the current Ceo to say who the next CEO will be and chairman - because the shareprice is telling her and him that the game is up - the market is telling them enough GO now.

[goldbutler] 13/6/2022 18:10

The CEO is rolling her sleeves up tonight again but the partners at convex and MC and Rosenblatt have let the retail shareholders know their view. The refusal of this CEO and Bod to give precise figures for each SBU is not surprising - it is run like a private company , but it is listed and they know that they can get away with it. At the AGM not one of the BOD will be a shareholder. One question is important How many shares were sold by Employee Trust was it close to 1 or 1.5 million - IS this cash going to be used to replenish the shares sold by the Employee Ben Trust via buying 1 million or 1.5 million shares in the market or is the cash raised being repatriated to the group because the Trust is in deficit.

[goldbutler] 13/6/2022 18:02

Convex have announced a couple of deals recently but last year they had an exceptional year. so why did the dial on EPS NOT move , - one reason is that even with the Convex deals just finalising before year end , the CEO and CFO allocated themselves large bonus payments - and they did it t - 3quarters of a million Convex Rosenblatt and the 2nd legal outfit Memery Crystal have dumped their shares at the first opportunity. What are LOCK UP deals with partners for when they can avoid the agreement and trade hundreds of thousands of shares . no movement in the share price too. At least Mr driver and his team bought in the open market with their commission but they and partners in the MC outfit have dumped them - so why should private investors buy the shares -Where are the estimates for y/e 22 23 24 Well figures for y/e 24 show no growth in EPS from y/e 23 if you want a premium rating you need premium performance this CEO is out of her depth On one site RBGP estimates for y/e 22 have been adjusted downwards in the last two weeks. So where is the growth , where is the undervalue Is this Ceo & BOD going to claim Rbgp is an income share - there are plenty of better dividend shares out there with surplus cash and strong balance sheets Where is the EPS growth to come from - when the partners in the SBU's are selling out. And NO buying from the BOD. isnt it time the chairman was asked to leave. How can he sit at an AGM without one share to his name

[bigbaggy] 10/6/2022 10:55

Booked. Thanks David.

[scubadiverr] 09/6/2022 20:30

Thanks David

[davidosh] 09/6/2022 20:27

We have a great show lined up for this Monday and Nicola Foulston the RBG CEO has agreed to come and join us at 6pm to answer all your questions... Https://melloevents.com/mellomonday-13th-june/ The full programme for the evening is here... Monday 13th June 2022, 5pm – 9pm Programme 5.00 pm Mello welcome and Company presentation by Impax AM with Ian Simm 5.30 pm Gervais Williams – Inflation changes everything – How the UK stock market could come to be the asset of choice for global investors 6.00 pm Nicky Foulston CEO at RBG Holdings shares her insights into the recent RNS concerning the share register 6.30 pm Paul de Gruchy presents – Alternative Funds: more than a safe port in a storm? 6.50 pm Company presentation by Hercules Site Services 7.30 pm Vector Vest 7.45 pm Specialist insight – Steve Clapham looks at The Wire Card Fraud 8.00 pm Mello BASH You are welcome to join and as this is no doubt important for you all to watch I am happy for shareholders to join for free using the code FREE1306 but please do not share elsewhere as this is a ticketed show and there will be hundreds of investors who have paid to join.

[bigbaggy] 09/6/2022 10:26

Exactly River. That was one very large shareholder selling a small piece a long time after the lock up. From the RNS here looks like particularly the Convex team selling asap. Different strokes in my book. Could be wrong. Like all we don’t have the full info. Some director buys on both of these would send reassuring signals.

[riverman77] 09/6/2022 09:59

The MANO CEO reduced his stake, but still holds a very large position. I am perfectly comfortable with that - I can fully understand why he wouldn't want all his wealth tied up in one company.

[scubadiverr] 09/6/2022 09:34

Are you forgetting about Mano? Didn't the CEO sell a similar quantity at less than 200p and its now at 328p. I'm surprised at you considering your input on that board

[bigbaggy] 09/6/2022 09:09

When the employees sell £2m that is the only conclusion!