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Share Name Share Symbol Market Type Share ISIN Share Description
Rbg Holdings Plc LSE:RBGP London Ordinary Share GB00BFM6WL52 ORD GBP0.002
  Price Change % Change Share Price Shares Traded Last Trade
  1.00 1.12% 90.50 62,770 16:04:51
Bid Price Offer Price High Price Low Price Open Price
89.00 92.00 90.50 89.50 89.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 22.45 7.71 7.54 12.0 72
Last Trade Time Trade Type Trade Size Trade Price Currency
16:04:36 O 10,000 90.98 GBX

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Date Time Title Posts
09/8/202217:00Rosenblatt Group Plc821

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Rbg Daily Update: Rbg Holdings Plc is listed in the Support Services sector of the London Stock Exchange with ticker RBGP. The last closing price for Rbg was 89.50p.
Rbg Holdings Plc has a 4 week average price of 88.50p and a 12 week average price of 86.50p.
The 1 year high share price is 147p while the 1 year low share price is currently 86.50p.
There are currently 80,092,106 shares in issue and the average daily traded volume is 36,063 shares. The market capitalisation of Rbg Holdings Plc is £72,483,355.93.
riverman77: 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).
goldbutler: 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: 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
goldbutler: Well the share price is now 99.5 p IPO on 08 may 2018 not an achievement for the CEO but yeah you've guessed it she didnt get a bonus last year that IPO v share price is 1 p for each year and 1p for last year plus ! extra half penny which is a full 50% extra ..... of a bonus .for shareholders CEO and CFO creating shareholder value . and a very modest increase in pay - just ignore the three quarters of a million extra . How else are they to be motivated a word for the 'extra' or the bonus is ....greed fund managers , investment institutions have they been on the receiving end of a presentation yet?
goldbutler: At its introduction to the stock market the CEO said the usual - including shareholder value and now with forecast growth in the economy of close to or under 2% in the next 2-3 years and inflation heading for 10% - the share price has done a full circuit back to the start grid and as for collecting £200 as you pass Go . 4 years on shareholder value is you've guessed it ? all those key performance indicators and margins ,rolling up sleeves and being paid a slice of 1.5 million in the process The directors of course are seeing the value in the share price - just look how many they are buying.....yeah you've guessed it Perhaps she'll get lucky on some big litigation cases- has she done her presentations to the financial institutions - yeah you've guessed it she's good at presentations.
maddox: Hi goldbutler, Always good to see a new poster on the BB and indeed new to Advfn too. Jarvis Investment Management will be holding those 12% of RBGP shares as a Custodian (a.k.a. Nominee) on-behalf of very many personal investors with Trading, ISAs or SIPP accounts. So, they can't vote the shares in that role and thus don't have to declare a holding position in an RNS. The CEO Nichola Foulston does indeed believe that the shares are undervalued and I certainly wouldn't argue otherwise - Forward p/e 9.5, PEG 0.4 and a 6.28% yield. I don't think you need to see internal estimates of returns to come to that conclusion. The case investments are held close to cash invested - and that tends to be the preferred treatment by personal investors. She is seeking to encourage some more Financial Institutions to buy-in. This is probably the better means of driving a re-rating. In the meantime RBGP does present a good investment opportunity. I agree it would be good to have more access to Broker Research - however, Simon Thompson of Investors Chronicle has been very positive and his last stated share price target was 175p. Similarly Jack Brumby, Stockopedia's Analyst with a spt of 160p. House Broker Singers' research ain't for the likes of us unfortunately but Brokers Consensus spt is 157.5p. Are you considering investing? Regards Maddox
goldbutler: i've just read an article in Mail from 2019. nearly 3 years ago corporate governance was raised and the article referred to options for CEO.Is this company not better off being run off market as the plaything of the CEO and CFO. there are some alarming items in the y/e results The lionfish put option exercisable against RBGP is something the Board should never have signed off. if there is to be a put option then it should be exercisable in the hands of RBGP not the minority interest in lionfish. The new IT company it would appear has a call option exercisable against RBGP , where rbgp is obliged to buy the company which it 40% owns within the next 6 years. on a multiple of profits .What multiple is being used? If there is to be a call option it should be in the hands of RBGP and the BOD should decide in 5 or 6 years whether or not they want to buy the IT company not the other way about. There seems to be a very big increase in the Bad debts , just what sort of due diligence was done with MC , what sort of clients with just no money to pay. MC does not advertise itself as doing work for non payers, or high street or off high st clients . Who or what are the non payers for legal work among their corporate or HNW clients. Last september 2021 she said that private research was to be done before the end of the year ,well its now nearly May and nothing . Are there any scenario Profit figures for new Lionfish money investment pot and the effects on EPS.
fft: The EIP (not the CFO options) will only exercise in 2026 with a price of about 2 GBP+ (according to Nicola in q and a). How this works. Initial price is 1.23 on Jan 1 2022. Need 10% a year compound until 2026 to vest. 1.23(start Jan 1 2022), 1.35, 1.49, 1.64, 1.80, 1.98 (end Dec 31 year 5). They then get, as I read it, 8% of any increase in share price above 1.98. which doesn't seem that bad. If shareholders get 8% plus dividends each year that is ok. Roberts 1m is different. Not linked to EIP targets. They couldnt give him any options 3 years ago, so this is a kind of catch up package. Can see why, but I think 1m is too many given he is also in the EIP.
riverman77: Weakness today likely to be profit warning at Knights (share price down 47%). Rather strange RNS actually, which seems to blame it on staff not coming back into the office and hurting productivity. Hopefully no read across to RBGP.
maddox: Hi Oatey, Good to share thoughts - that's why we're here. Can't understand why someone is giving us the thumbs down haha? RBGP is IMHO definitely a growth stock - and on an historic basis on a PEG of 0.4 - which implies a fair value share price of c. 277p. And currently on a p/e of 10.3 where 20+ would be far more typical for a growth stock - which implies a share price of >215p. So, seriously undervalued on a historic basis and we both think that its having a great year!
Rbg share price data is direct from the London Stock Exchange
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