Glad I topped up yesterday morning, quite a big sipp holding now. Good revenue growth ex US (though may flag a bit for next results), and in the US, I had a feeling Trumps bull in a china shop, economic self harm, might make the staff less footloose. The hit from tariffs seemed disproportionate, and unless I'm missing something, rentokil is better placed than many in this respect. And TO potential high. |
RTO killed my hamster |
Trump is announcing his latest bunch of tariffs after the US markets close this evening (9pm UK time). Holders of UK-listed stocks will presumably be taking defensive positions before the UK market closes. Not just in specific stocks likeliest to be hit, but in expectation of an overall market fall. |
I was a surveyor at a UK company taken over by ServiceMaster (Terminix) in the 1990s. The hamfisted way they went about things prompted me to leave. Having failed to make it work their outdated American way, they gave up a few years later and resold it. I burst out laughing when I heard that Rentokil were buying Terminix! |
What's more galling is the individuals who made this decision are paid incredibly well.
Now while it's unrealistic to get every strategic decision right, this really was a hideous misstep, particularly when RTO had a long term proven strategy of smaller infill acquisitions. They did not need to take on this risk. |
Arguably a complete sh1tshow, I strongly disagreed with the Terminix acquisition as posted on the SHA board on the announcement day.
A regretful large US acquisition by a UK listed company is a very well worn path.
Chance of corporate action, if an optimist. |
Dissent in the ranks...
UBS cuts Rentokil Initial price target to 380 (400) pence - 'neutral'
Deutsche Bank Research cuts Rentokil Initial price target to 465 (485) pence - 'buy' |
So much for the takeover rumours last year! |
Not impressed
Enough said! |
I said at the time of the acquisition it would take at least 3 years to get back to where the company was pre-acquisition.
They have spent $248m on integration and expect another $100m to get to just $100m savings a year on top of the acquisition cost and presumably interest bill etc....
Total waste of money as it looked at the time reading the Terminix accounts.
And the board got paid to make that useless decision ....
Wake me up in another 18 m... |
 And some great news today from CODX:-
06/02/2025 07:00 RNS Regulatory News Codex Acquisitions PLC Entry into Acquisition Agreement and Update LSE:CODX Codex Acquisitions Plc
"Codex Acquisitions plc (LSE: CODX) ("Company" or "Codex") is pleased to announce that it has entered into an English law governed acquisition agreement (cast as a deed) with certain vendors, dated 5 February 2024, to acquire the entire share capital of Technologies New Energy S.A. ("TNE"), a sociedade anónima incorporated in Portugal operating in the renewable energy sector, for £28,000,000 to be settled by way of the issue and allotment of new ordinary shares of nominal value £0.10 each in the capital of the Company ("Ordinary Shares") at a reference price of £0.20 per share ("Acquisition"), conditional on admission of the enlarged issued share capital of the Company to listing on the equity shares (transition) category of the Official List of the Financial Conduct Authority ("FCA") ("ES(T)C Listing") and to trading on the main market for listed securities ("Main Market") of London Stock Exchange plc ("London Stock Exchange") ("Admission").
The Acquisition Agreement contains an Admission long stop date of 28 February 2025 (which may be extended by mutual agreement of the parties). ..."
So a 20p/share RTO valuation for current CODX shares.
Compared to a current CODX share price (suspended) of 5.5p, market cap. £467,500 (8,500,00 shares in issue).
I.e. an increase 'on paper' of over 3.6 times: over 260%.
That completes a two-month 'hat-trick' of such overnight hundreds of per cent 'paper' gains for myself, following on from ARA & ROC.
And this is out of just a few shells that I currently have shareholdings in.
It's just a question of having very strict selection criteria, looking at many shells but discounting the vast majority of them, and having good patience for both buying and holding. |
currys halfords and now Rentokil ... i see a pattern developing here as Starmer said when in opposition |
Just to get rid of the "new posts " we can't see |
Breakout expected RNS any day soon now in Q1 2025.
Market getting ready with value about 600-700p
How High How Soon... |
Yes, halfpenny, your posts are continuously repetitive.
There will probably be some corporate action in 2025 but your repeated
unfounded comments are tiresome. |
You sound desperate for this to rise I guess so you can get out with reduced losses |
Ho! Ho! Ho! plenty of Suiters Circulating Ho! Ho! Ho! |
Some great news yesterday from ROC:-
18/12/2024 09:26 RNS Regulatory News Rockpool Acquisitions PLC Potential reverse takeover European Lingerie Group LSE:ROC Rockpool Acquisitions Plc
"Heads of Agreement signed with European Lingerie Group, AB ("ELG AB" or "the Target")
Potential Reverse Takeover and Temporary Suspension of Listing
... The consideration for the Acquisition, if it is concluded, ("the Price") will be settled by the issue of new ordinary shares of Rockpool, valuing each ordinary share at 10p per share (compared with a mid-market price of 2.85p at close on Tuesday 17th December 2024). The Price will be agreed by Rockpool and the sellers in light of the valuation at which the Company's brokers anticipate being able to procure investors to subscribe for new ordinary shares in the Placing as well as the price at which the Target raises funds in the Pre-RTO Fundraising. ..."
So a 10p/share RTO valuation for current ROC shares.
Compared to a current ROC share price (suspended) of 2.85p, market cap. £362,663 (12,725,003 shares in issue).
But an increase 'on paper' of over 4.4 times my 2.25p tip price here ... barely a week ago. |
SMART INVESTORS ADD £31 MILLION.
Get On The Train !!
Future just got Brighter as Deals Ahead. |
Anyone kicking themselves at missing out on ARA could do worse than to take a look at ROC.
Currently 2.25p, market cap. £286K., about half its likely cash after £452.5K. incoming cash due within a week.
"Rockpool Acquisitions (ROC)" |
Register for real-time alerts, custom portfolio, and market movers
Hot Features
Premium
