We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Rentokil Initial Plc | RTO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 1.70 | 0.41% | 412.20 | 16:35:11 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 412.30 | 410.50 | 416.40 | 412.20 | 410.50 |
| Industry Sector |
|---|
| SUPPORT SERVICES |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 07/03/2024 | Final | GBP | 0.0593 | 04/04/2024 | 05/04/2024 | 15/05/2024 |
| 27/07/2023 | Interim | GBP | 0.0275 | 03/08/2023 | 04/08/2023 | 11/09/2023 |
| 16/03/2023 | Final | GBP | 0.0515 | 06/04/2023 | 11/04/2023 | 17/05/2023 |
| 28/07/2022 | Interim | GBP | 0.024 | 04/08/2022 | 05/08/2022 | 12/09/2022 |
| 03/03/2022 | Final | GBP | 0.043 | 07/04/2022 | 08/04/2022 | 18/05/2022 |
| 29/07/2021 | Interim | GBP | 0.0209 | 05/08/2021 | 06/08/2021 | 13/09/2021 |
| 04/03/2021 | Final | GBP | 0.0541 | 08/04/2021 | 09/04/2021 | 19/05/2021 |
| 31/07/2019 | Interim | GBP | 0.0151 | 08/08/2019 | 09/08/2019 | 11/09/2019 |
| Interim | GBP | 0.0151 | 07/08/2019 | 09/08/2019 | 11/09/2019 |
| Top Posts |
|---|
Posted at 17/3/2024 15:44 by hedgehog 100 14/02/2024 10:29 RNS Regulatory News Beacon Rise Holdings PLC Issue of Equity LSE:BRS Beacon Rise Holdings Plc"Issuance of shares Beacon Rise Holdings plc (the Company) announces that on 14 February 2024 it issued 58,333 ordinary shares of £1.00 each in the capital of the Company at a price of £1.20 per ordinary share (the Shares). Following the issuance of the Shares, the Company's issued share capital comprises 1,180,333 ordinary shares. The Company intends to apply for the admission of the Shares to the standard listing segment of the Official List of the Financial Conduct Authority and to trading on the main market for listed securities of the London Stock Exchange. Enquiries For further information, please visit www.beaconrise.uk or contact Kemp House, 160 City Road, London, EC1V 2NX." An interesting recent fundraise by BRS. Only c. £70K. raised, but the placing price of £1.20 is a hefty premium: 50% above the current BRS share price of 80p, and 60% more than the share price on 14th. February (75p). Moreover, BRS's loss in its 6 months to 30.9.23 was only £19,714, at which point it still had cash of £328,900, and £358,991 net & net current assets. The market cap. at 80p is £944,266, but these types of shells can arrange RTOs at multiples of their cash. It looks to me like this placing could well be a prelude to an imminent proposed RTO, at a BRS share price of at least £1.20/share, but potentially a lot higher than that. |
Posted at 20/10/2023 13:58 by essentialinvestor Where they got caught out in the GFC was more on the office maintenance side.RTO, had at one time, significant contracts for maintaining office toilets, taking care of other aspects of the office environment. That would usually involve once a week visits. Strong case they may have significantly overpaid for Terminix. |
Posted at 20/10/2023 13:56 by fenners66 As for buying Terminix - I looked at their published accounts at the time and without explanation that I could find, their accounts were awful and the transaction looked way over priced.I posted on another thread I believe where RTO was being discussed that there did not seem a justification for the price and I expected it would take 3 years from then for the share price to regain the same as it was prior to announcing the transaction. I am surprised it has recovered so well up to now - but if it goes back to my 3 year (or longer) timescale for the synergies to be reflected in the share price that would be what I expected then anyway. |
Posted at 20/10/2023 13:52 by fenners66 >mortal1tyYou were describing RTO as a "bond proxy" I chose to give some relevant examples from that days RNS to show its not. I challenged your definition of RTO the whole company being a "bond proxy " because it is not and has not been at least in the last decade or more. Other companies ,like CSN or PHNX or IMB are more akin to bond proxies. They have models that left to their own devices will generate lots of cash and pay high dividends but the business will decline over time. RTO is nothing like them. Choosing instead to focus on the short term organic growth (which is still growing !) is trying to move the goalposts after I challenged you. As for organic growth we already know that post covid bed bugs will contribute. The Welch govt banning glue traps for rats will likely result in growth of more expensive remedies. Population growth / density and climate change world wide will most likely add even more pests to be controlled. So in principal any idea that RTO should move to ex-growth without acquisitions is imo completely flawed. As predicted you tried to defend your "bond-proxy" comment ... |
Posted at 20/10/2023 11:50 by essentialinvestor Mortal, good post and get the point you are making.Pest control is predominantly seen as non cyclical so that explains some of the recent strength. Longer term they should prosper, but RTO paid a sky high price on the very large Terminix acquisition, a deal they did not need to do. |
Posted at 19/10/2023 20:56 by netcurtains Thanks EI: They do Covid-19....Phew. Seriously its going to be a bad winter again... Thinking about selling up my entire portfolio (apart from RTO) and sitting it out... Not sure... |
Posted at 19/10/2023 18:20 by essentialinvestor Well RTO far from a bond proxy during the GFC, their business was hammered hard.Tbf hygiene/contract cleaning represented a much greater % of their overall business back then. The earnings multiple tends to be overlooked and it had been pushed to stratospheric levels which left ample room for any disappointment to hit hard. They did not need the Terminix acquisition but did it anyway. |
Posted at 19/10/2023 10:26 by netcurtains Yes in all seriousness RTO is at the forefront of saving humanity from extinction. With viruses and pests the right balance of hygiene and exposure to potential diseases is really important.RTO is the only company that can save humanity from extinction. We will have all sorts of pandemics in the next ten years. RTO is our shield |
Posted at 14/7/2023 15:42 by hedgehog 100 Shells subject to the £30M. RTO minimum, but that don't meet it, would no longer be eligible for the Main Market.So they would probably therefore list on AIM, and I don't see why this couldn't be via a direct transfer, with no full delisting in between. This is what the shell ELEG seems to be proposing; ELEG floated last year, and suspended for a RTO last week:- 07/07/2023 08:00 UK Regulatory (RNS & others) Electric Guitar Plc Proposed RTO LSE:ELEG Electric Guitar Plc "Heads of Terms signed Proposed Reverse Takeover and Suspension of Listing Reverse Takeover ELEG is pleased to announce that as of 6[th] July 2023 it has entered into a non -binding heads of terms to acquire (through a reverse takeover subject to regulatory and shareholder approval and due diligence) all the outstanding shares in 3radical Limited ("3radical") in an all-share transaction ("Transaction"). The Transaction is in line with ELEG's strategy set out at the time of its IPO last year. On completion of the Transaction, ELEG's intention is to cancel its listing on the Standard List and seek admission of its ordinary share capital, as enlarged following completion of the Transaction, to trading on the AIM Market of the London Stock Exchange ("Admission"). The heads of terms place an initial valuation on 3radical of £3 million, subject to adjustments. Suspension of Listing The Transaction, once completed, would constitute a reverse takeover under the Listing Rules. As ELEG is not yet able to provide full disclosure under Listing Rule 5.6.15, it has requested from the Financial Conduct Authority, and been granted, a suspension of listing in its shares with immediate effect pending either the issue of an announcement providing further details on the Transaction, the publication of a prospectus, or an announcement that the Transaction is not proceeding. ..." Indeed, for a shell that has been listed on the Main Market for 18 months, like ELEG, this transfer could be fast tracked. From Bird & Bird LLP, 17 August 2022, re transferring from the Main Market to AIM:- "AIM Designated Market (fast track) procedure for transfer to AIM Market provided shares listed for at least 18 months." |
Posted at 17/11/2022 18:06 by hedgehog 100 "SPACs that got their standard listing before the minimum MCap requirements changed to £30m have until Jun 23 before those rules apply.""I understand the transitional arrangements mean shells listed before the rules changed have to complete and be trading by Jun 23, if under the £30m. This does still mean that the Standard listed clean shells are still a route to a main market listing for smaller companies, but not for much longer." Sweet Karolina, First of all, please could you clarify what you are saying, especially as your above two statements are slightly different. Are you referring to a £30M. RTO by that deadline, or just any RTO? Secondly, please could you provide a source and link, as the info. seems to be inconsistent with some info. I copied into post 998 above. A requirement to complete a RTO by June 2023 would clearly require that the RTO process begins much earlier. As regards the premium paid to a shell's cash for a RTO: it can vary enormously, and the waters can also be muddied if there is no RTO placing, because any RTO price is then in effect a 'deemed' price: a shell can RTO a target for a given share of the equity, and then 'deem' a value for the shell and the target. Generally though, the RTO will also take account of cash spent by the shell, at least relatively recently, in pursuit of a RTO, and give a value of at least £250K. or so for the listing - though it can be multiples of that in some cases. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
