RBG Holdings PLC Progressive publishes new research

TIDMRBGP

RBG Holdings PLC

19 July 2022

 
Diversified revenue stream ... and high margin 
 RBG is a unique provider and consolidator of high-margin professional services businesses. 
 Strong growth in FY21 and solid trading performance reported in July provides clear evidence 
 that RBG's strategy and commercial approach are delivering. The acquisition of Memery Crystal 
 has added significant scale and breadth to RBG Legal Services (RBGLS), and we expect further 
 selective M&A. Given RBG's better business mix and high returns from contentious work, we 
 see good support for margins. In our view, the current discount to peers is unjust given forecast 
 growth, both organic and through bolt-ons. In addition, we believe the significant upside 
 potential from contingent work and litigation finance, both in-house and third party (LionFish), 
 is not reflected in the share price. 
 

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         Broad coverage                     Analyst calibre 
       across 12 sectors 
 
 Business Services   Oil & Gas       15       with average      20 
                                   analysts                    years 
    Financials        Property                 experience 
                                                   of 
    Healthcare         Retail 
    Industrials      Technology      30+                     techMARK 
 Investment Trusts    Telecoms                  industry      Extel 
                                                  based 
      Mining         Utilities                   awards      StarMine 
 

For further information please contact:

Keith Hodgskiss

[phone]

[e-mail]

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July 19, 2022 06:26 ET (10:26 GMT)