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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Robert Walters Plc | LSE:RWA | London | Ordinary Share | GB0008475088 | ORD 20P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-7.00 | -1.76% | 391.00 | 391.00 | 400.00 | 403.00 | 391.00 | 403.00 | 6,247 | 12:12:11 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Employment Agencies | 1.1B | 39.1M | 0.5343 | 7.32 | 286.12M |
Date | Subject | Author | Discuss |
---|---|---|---|
29/8/2008 08:59 | Imatsu, good analysis, exactly how I read it. Remove the cash pile, work out the eps and this is trading on a pe of 5, way too low. Company are investing in growth for the future, profitable, secure and on a low pe, bought some for the bottom drawer. | devonlad | |
29/8/2008 08:13 | reckon i've probably missed the low nearer 100p but bought a few today c.125p -results seem just about ok and plenty of recovery scope as and when things eventually pick up. | its the oxman | |
29/8/2008 07:46 | One question - in note 9, it refers to a 20m Chinese Renminbi loan (£1.5m) for the China acquisition - at a rate of base rate + 10%. base rate +10%??!! Typo? | imastu pidgitaswell | |
29/8/2008 07:40 | I'm happy to add more if we ever see £1-odd again. Ditto. :O) | liarspoker | |
29/8/2008 06:56 | 61.42p admin expenses per diluted share iin H1 07. 81.46p admin expenses per diluted share in H1 08. 32.63% increase. | liarspoker | |
29/8/2008 06:49 | Interesting numbers in the results upon first glance - it seems like the comp made big investments in H1 which lower headlining figures. Admin expenses are way bigger then last year. The lower tax figure is basically offset by a forex loss. Operations seem to be going good, apart from a slow down in UK as expected, but no doubt the share price will get hammered today imo. | liarspoker | |
28/8/2008 19:52 | Harris increase their stake. | liarspoker | |
28/8/2008 16:18 | another nice day :-) Watch HVN - another recruiter, director buys there - very upbeat, PE under 4 and on a nice dip - reckon the chart is about to turn up again. Buyers will be in ahead of the results in Sep imo CR | cockneyrebel | |
28/8/2008 14:09 | Squeeze those knackers... Lots of short positions to close, no sellers. Pity. :-) Tomorrow, doubtless they'll try to make it all back, but enjoy today for now... | imastu pidgitaswell | |
28/8/2008 07:25 | Results tomorrow - will anyone notice? All a bit phoney war since MPI came out with their takeover news at the start of the month, but feels like there has been a lot of churn of PIs and short term traders. Thing is it's not difficult to see how the story will play - good results, UK financial sector weak, cautious outlook, all the scribblers will advise 'hold' rather than actually have an opinion - nothing that isn't already known. What RWA needs is a commitment to buy back some 20% of the shares - out of the cash they already have and have made in the first half - they have nothing else to do with it. At 128, its has 71mn shares, a market cap of £91m, net cash of £16m (£24m less £8m foreign hedging loan - but the cash to be higher and the loan lower tomorrow) - so that's a PE ratio of under 4.5, before this year's latest earnings increase. Daft. | imastu pidgitaswell | |
23/8/2008 09:43 | You'll regret it in the morning.... | peladon | |
22/8/2008 11:07 | RWA, like the ugly relative at the wedding party, is crashed drunk in the corner, not moving... Maybe I've had too much to drink too but I'm thinking of lifting RWA's skirt and putting an additional stake in her business. :O) | liarspoker | |
21/8/2008 09:05 | MPI getting frisky. RWA, like the ugly relative at the wedding party, is crashed drunk in the corner, not moving... | imastu pidgitaswell | |
18/8/2008 10:37 | MPI - Torygraph speculation: Michael Page may face hostile bid from Adecco | imastu pidgitaswell | |
18/8/2008 10:30 | MPI rocketing - making RWA look even cheaper :-) CR | cockneyrebel | |
18/8/2008 09:37 | Yep, and I think Adecco will be back after MPI either hostile or at a lot higher and friendly. Either way that will take out the recruiter co in the UK and leave the range of major recruiters for institutions to invest in even lower (where they have to invest in UK listed co's) which means the money demand for RWA and Hays when the recruitment market picks up will be much heavier imo. CR | cockneyrebel | |
18/8/2008 09:04 | MPI H1 earnings per share up 28%. Some negative comment about markets and conditions, but emphasis on how they have performed despite that. Fairly downbeat in tone, might have expected more trumpet-blowing given their Adecco situation. Still, it's their business. Thing is, for RWA, around 4 times earnings if you strip out the cash, MPI is (at 330) on around 8-9 times. A premium is justified, but not that much. The other thing is that at these levels, it takes months rather than years for buybacks to give a real kicker to earnings per share. | imastu pidgitaswell | |
15/8/2008 18:13 | Hmmm, when you put it like that i.p. they do look even cheaper. I'll turn the £2 down then :-) Thanks CR | cockneyrebel | |
15/8/2008 13:55 | If I'm honest, I don't want something like 200p and out. I really can see these at £5 at some point within the next 5 years. I don't know when, it will be based on sentiment, but 3 years of buy-backs of around £13m, as per last year, will take out 45% of the shares (total currently is 71m) at current prices (1.25). After all, they have nothing else to do with the money - after dividends, it's all spare, and they have buckets (£24m) of free cash on the balance sheet anyway. Put another way, flat profitability for three years will result in Earnings per Share of 42p. 200p would be daft, as 125p is now. | imastu pidgitaswell | |
15/8/2008 11:50 | They can have my shares for a 40% premium in cash, like they were going to pay MPI. In fact if they paid 60% over the market for RWA that would still be cheaper than what MPI was trading on. CR | cockneyrebel | |
15/8/2008 11:48 | Found this on Dow Jones: 0803 GMT [Dow Jones] Michael Page (MPI.LN) will struggle to receive an improved offer from Adecco (ADEN.VX), says Panmure Gordon. Believes Adecco will have difficulties justifying an improved bid to its shareholders. Says there will likely be speculation Adecco is set to turn its attention to Hays (HAS.LN) or Robert Walters (RWA.LN), but believes ultimately Adecco is interested in Michael Page's brand, exposure to permanent recruitment and specialist model. Expects Michael Page's interim results Aug. 18 to be solid, but remains concerned about the fundamentals deteriorating further in the sub-sector. Keeps sell rating, and 203p price target. Shares -1.9% to 329p. (ANT) | cockneyrebel | |
15/8/2008 07:44 | Very interesting, especially the revised offer of 50% cash, the rest in Addeco shares. Can't see how that's a better offer than 100% cash at 400p (also rejected) as if anyone wanted to retain ownership of Michael Page they could just buy Addeco shares in the market. Still, the main point is 400p is too cheap. It's not beyond the bounds of possibility (is it?) that MPI might take steps to do something different themselves - such as take over RWA? Just a thought. Whatever, it highlights the silly valuation. | imastu pidgitaswell | |
15/8/2008 06:43 | MPI turn down 400p - how undervalued is the sector then? RWA must be worth double the current price to a bidder to get hold of it on that basis. CR | cockneyrebel | |
13/8/2008 13:34 | Looks like a bit of tree-shaking and weak-holder squeezing on MPI ahead of those results - 40p off from its 370p peak a few days ago is nasty if you're on a short term timescale. Should be interesting - MPI on around 11 times last year's earnings (31.1p) with revenue for the half year well up on last year. Net cash at year-end of £10m, effectively neutral on debt. Not wildly cheap (cf RWA on 4.2 times last year's earnings excluding net cash) but not hugely expensive. Should there really be such a large valuation difference of similar businesses? Will anyone notice? | imastu pidgitaswell |
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