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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
  -2.00 -0.38% 528.00 506.00 524.00 530.00 506.00 530.00 65,296 16:35:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 1,216.1 47.4 48.4 10.9 402

Robert Walters Share Discussion Threads

Showing 651 to 675 of 900 messages
Chat Pages: 36  35  34  33  32  31  30  29  28  27  26  25  Older
DateSubjectAuthorDiscuss
14/9/2012
12:38
Yes, if MPI share price is real (and not just up with the market) then RWA should follow so there is time to get in. I have a few, but not a lot, as it just doesn't bloody move and ties up too much funds. Also I don't see it as terribly cheap. Ah, someone has updated the header - that's nice...
imastu pidgitaswell
14/9/2012
08:57
Micheal Page's share price seems to be recovering well. Perhaps the recruitment sector is improving again.
yewtrees
13/9/2012
14:20
Aviva holding above 3%. Pity, I'm not happy keeping the same commpany as them with their buy high sell low approach. But I'm impressed with their ability to buy a significant volume without moving the bloody share price one iota...
imastu pidgitaswell
10/9/2012
15:23
Well let's just say (hello? anyone out there?) that it's taking a time to make up its my mind on what to do next. It hasn't actually moved for over 2 months, the apparent changes in price within a 10p band basically being a function of whether the last reade was a buy or a sell, given the silly spread. Truly a rubbish share. Not necessarily a rubbish investment (though as I hold a few, doubtless it will be), but a rubbish tradeable share. I blame the berk who set up the thread. MPI showing a nice range...
imastu pidgitaswell
17/8/2012
12:45
I've been adding back the sales from a few weeks ago, mainly on the back of the MPI share price performance, th apparent floor at 180-odd and some other recruitment sniffs, suggesting we may be turning a corner. Could be very wrong, but I do know, over ten years and more, that this always takes off before any improvement manifests in the numbers.
imastu pidgitaswell
02/8/2012
06:26
Very weak results. Under 3p EPS at the half year renders RWA very expensive, the more so given that market conditions are set to get worse before they get better. It would be a decent punt at 80p, which is where it got to last time the economy tanked.
pbracken
13/7/2012
10:21
Ouch. For the current level of trading, per the trading statement, not very cheap, imho. Barclays (and other banks to come) turmoil won't be helping...
imastu pidgitaswell
05/7/2012
08:09
I did run away again, for a few percent gain, and thankfully so. Not a pretty picture, especially news on Asia Pacific. Cash now very low, a high earnings multiple, no growth - not a lot to recommend it. MPI also down (in sympathy?) I did find this funny: Three new offices opened during the period - Milton Keynes, Parramatta and Rio de Janeiro Something a bit Del-boy about it...
imastu pidgitaswell
15/6/2012
09:50
Taken first dip in these for a long time - mainly on the back of MPI appearing to be bottoming out. Very poor liquidity though, not easy to buy or sell in any volume. We'll see - the hard bit will be adding as it rises (if it does), as opposed my usual approach of throwing more at it is it falls...
imastu pidgitaswell
06/6/2012
16:29
Wouldn't mind some more below 150 but bit unlikely!
gswredland
06/6/2012
15:35
Nah, not really - it went too high on the swing up for me, 160-260 was too big a move given the economic position. Time to wait for the drop to stop and not get tempted in too soon.
imastu pidgitaswell
06/6/2012
15:23
Strange how RW share price is going down. Michael Page have declared a share repurchase programme.
yewtrees
02/3/2012
08:43
I always miss out on this when it rises - always. Watched it do its cyclical thing a number of times over the past 10 years - but every time it looks like the floor, I still think it is potentially overvalued - the share price precedes the trading results by a good 18 months. As it does on the way down. Looking at the results just out, it says to me that RWA is overvalued, certainly in earnings, cashflow and risk terms. But it'll most probably carry on up and I'll watch it and scratch my head and regret it. And then I'll watch it fall and do the cycle all over again. Really should have taken the plunge below 200, and was prepared to, just didn't have the fund thanks to TW.'s valuation at the time. Now that I do, well I've missed out on 50%,I think it's a bit overvalued and it's risky considering the wider economy, so I'm leaving it.
imastu pidgitaswell
02/3/2012
08:16
From the Independent: ........................ recruiters were on the rise after Goldman Sachs' analysts raised their forecasts across the business services sector, citing their "more positive outlook". Hays pushed up 4.7p to 85.25p, while Michael Page was 24.1p better off at 477.7p, with the two also helped by a positive reaction to results from both Swiss rival Adecco and small-cap peer Robert Walters (up 9.75p to 239p). ..........................
abcd1234
01/3/2012
09:43
Good solid results today.. ;o) http://uk.advfn.com/news/UKREG/2012/article/51428347
abcd1234
24/2/2012
09:28
the 50 and 200 m.a's are about to cross ....very bullish if they do. Especially if 225 is firmly cleared. :o))
abcd1234
06/2/2012
13:58
Hmmm, wondering. Usual takes the 50 day and the 200 day to cross, with both heading up at the time, to make it push on up. 200 day is still (just) moving down. But much more of a rise and it won't be. Painful experience tells me to await developments. But it also tells me that I'll miss the boat... 'twas ever thus...
imastu pidgitaswell
02/2/2012
16:12
now broken up through the 200 day moving av. :o))))
abcd1234
02/2/2012
11:31
it's doing well :)
abcd1234
01/2/2012
13:31
For those who hold - those of us who had been awaiting a pullback are a bit grumpier... Now just under the 200 day moving average - which may or may not be significant (Michael Page just popped above it)?
imastu pidgitaswell
01/2/2012
11:32
breakout over 200p .... nice ;o)
abcd1234
25/1/2012
13:51
if this breaks through 200 shortly, then 225 and 250 seem to be on the cards ;o)
abcd1234
20/1/2012
08:19
Tempted to add but will there be a pull back as you say
gswredland
19/1/2012
10:02
Noticed that - but only freed up funds today. Tempted to wait until a pull-back, but will we get one? Edit - pretty good analysis above, highlights potential negatives, as well as the important balance sheet and cash detail.
imastu pidgitaswell
19/1/2012
10:01
.............................. Stock to Watch: Robert Walters Fri, 13/01/2012 - 00:00 At 177p the FTSE Small Cap shares in international professional recruitment group Robert Walters (RWA) are worth watching this year, now the price is well down on the chart - amid cautionary noises from the recruitment industry. Robert Walters tends to get traded both ways and a relatively thin market applies. Prospects will improve in due course and Walters' shares recover, it is just a matter of timing. Meanwhile the risk/reward profile looks interesting for long-term investors. RWA has halved from levels near 350p in the first half of last year - back to where it was trading in the second half of 2009. Showing how recruiters can get hit by recession, normalised pre-tax profit plunged from £18.2 million to £1.6 million in 2009, yet recovered strongly to £13.2 million in 2010. This is why RWA's forward price-earnings multiple initially appears quite high, in the mid-teens, because the market is confident the business can in future years do better than the outlook for 2012. A 6 January update cited "weaker client and candidate confidence... we therefore enter 2012 with caution", however the shares have edged up from 162p a few days before. By way of comparison, Michael Page (MPI) said in an 11 January review for 2011 that its Asia Pacific segment grew by 23.3% like-for-like in the fourth quarter of 2011. Asia, however, saw an overall 28% growth rate "slow towards the end of the quarter, as international clients in particular became more cautious, deferring or reducing their recruitment needs." This is the issue investors worry may spread. But doomsters are keeping a low profile as 2012 starts, with positive news from the US economy and as the eurozone muddles along; the predicted debacle is at least deferred. This helps explain why Page's FTSE 250 shares have jumped from about 350p to 375p after the update. More liquid than Walters' shares, they are likely to gain more attention first, although the key macroeconomic issues affecting recruiters are quite similar. If you believe in eurozone disorder exporting uncertainty to the rest of the world, and companies postponing decisions, you would avoid cyclicals like recruiters for the time being. Yet it was just such a fear that depressed share prices in late summer 2011 and to an extent remains factored in. So any easing of fears can improve cyclical shares even if their commercial outlook is little changed. Walters has also been doing well in France and Germany, despite the economic uncertainty across Europe. Net fee income during the final quarter of 2011 rose best of all in continental Europe, up 24% to £10.5 million, whereas the UK barely kept pace with inflation, up just 3% to £12.0 million. Overall, the group achieved 14% growth in net fee income, or 18% for 2011 as a whole - 15% in constant currency terms, anyway very good progress. The company looks to be evolving well internationally, it's just that sentiment has been hit by another bout of uncertainty. In the first half of last year, a sixth office was opened in Australia, a fourth in China and the first in Vietnam. New offices were planned for Indonesia, Taiwan and Germany for the second half of 2011 and it will be interesting to track how all this is coming together. With net fee income split 71% to permanent and 29% to contract professionals, the group should not be too exposed to the vagaries of short-term employment - which tends to be exposed most of all in a downturn. Last August's interims cited China and Thailand both more than doubling net fee income - easier done from a relatively low base, however Walters is positioning itself astutely for long-term growth. The board has also ensured a dividend policy, albeit a flat payout of 4.75p a share over 2008-10 which is projected to rise to about 5.2p for 2011 and possibly 5.3p in 2012, although analysts differ. The 2011 interim dividend rose by 5% to 1.47p, so things really depend on the outlook by prelims in early March. Anyway it implies an approximate 3% yield, if supported by balance sheet cash than cash flow. Note eight to the interim cash flow statement shows that after £10.1 million operating cash flow, an £11.4 million increase in receivables left this level of cash flow £2.2 million negative. Additionally there was nearly £4 million investment and a net £9.5 million decrease in cash - although the period had begun with £31.9 million cash anyway, so the cash comparative edged up. Anyway the dynamics need to weigh more to net cash generation to see much expansion in the dividend; and anyway most investors may approach this share for capital growth. The mid-2011 balance sheet looked well able to withstand a downturn. Debt involves just £9.9 million drawn down under a three-year, £20 million facility, with net finance costs of £148,000 versus £7.2 million operating profit in the first half. Unlike many "people businesses" this one does not have a lot of capitalised intangibles/goodwill. Of £64 million net assets, just £9 million comprised intangibles and there was no capitalised goodwill. Cash edged up to £22.4 million and the ratio of current assets to current liabilities was a comfortable 1.4 times. The latest update cited over £17 million net cash at the year-end, i.e. some likely being used in respect of investment and the dividend. Although visibility is notoriously low for a recruiter like this, Walters is nevertheless weighted to more dynamic countries - implying that the inevitable weak periods for its shares, being cyclical, should offer good opportunities for long-term investors to accumulate. My essential reading of the share is reflected by the top two directors' trading, if prematurely. Last August the chief operating officer added 21,455 shares at 233p, to own over 1.6 million; also Robert Walters himself, as chief executive, bought 61,223 shares at 245p jointly with his wife, and she bought an additional 20,407 shares, also at 245p. Robert Walters owns nearly 2.2 million shares so should be incentivised for growth and to limit downside. .....................................
abcd1234
Chat Pages: 36  35  34  33  32  31  30  29  28  27  26  25  Older
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