Robert Walters Share Discussion Threads

[hawaly] 28/9/2018 06:32

Impellam disappointed yesterday - possibly a read across from that.

PIs pulling out prior to further BREXIT calamities?

Perhaps it's a "keep powder dry" time.

[xajorkith] 27/9/2018 17:59

Not so good of late hawaly :(

Steady decline through September a bit unsettling (Brexit fears?), but willing to hold given the quality of the business & positive H1 outlook statement.

Lookng very oversold & due a bounce in the run up to the Q3 trading update on 9th October.

[hawaly] 22/8/2018 12:44

A mad mad share.... in a good way, today.

[xajorkith] 26/7/2018 17:01

Update from Liberium, courtesy of Proactiveinvestors:

Liberum said the dividend was 15% ahead of its expectations and a signal of management’s confidence in the outlook for the business. Net fee income was also "marginally better than forecast", the broker said, leaving its 'buy' rating unchanged.

"Although we do not expect consensus numbers to increase materially on the back of these results, we believe that the balance of risks to estimates lie clearly to the upside.”

[xajorkith] 26/7/2018 06:51

As per the trading update, another excellent set of results:

“The Group delivered record first half profits, in line with recently increased market expectations, growing profit before tax by 32% (35%*) year-on-year. Growth was strong and broad-based across all regions and our permanent, contract, interim and recruitment process outsourcing revenue streams.

"We enter the second half of 2018 with confidence and we have increased the interim dividend by 45%. The Group's platform for growth continues to be strong, across both emerging and well-established markets and disciplines, and we are well positioned to further capitalise on market opportunities as they arise.“

Based on previous years, they seem on course to deliver at least 50-55p for the full year, with 60p+ a likely target for 2019.

With 25m cash and a forward PE of 16-17, I feel £10 is possible by year end, at which point we may see a further uplift as funds buy in ahead of a potential inclusion in the FTSE 250.

Edit: another muted response to great results, as seems to be the norm here. A slow & steady rise good enough for me though.

[xajorkith] 10/7/2018 06:54

Excellent update with momentum clearly maintained through the second quarter.

Expect further broker upgrades & 800p+.

Nice to own a share that is so consistent.

Edit: astonishingly light volume following such a positive update.

[johnthespacer] 09/7/2018 21:34

Trading update tomorrow

[xajorkith] 18/6/2018 13:40

Added here last week on the basis of the quality of the business, consistent upgrades & confident Q1 update.

Promotion to the FTSE 250 also a possibilty further down the line, with a mkt cap of around 800m currently required.

[thebradski007] 25/5/2018 11:46

Thanks Acamas

[investopia] 25/5/2018 10:44

'Probably just a tree shake"

I reckon. Share price was plunged after consolidation when it 'should' have broken up, to trigger the stops of longs. Now that all the shorts are on it's likely to go back up, to trigger their stops.

Short squeeze coming? We could see the price zipping up and away as quickly as it fell...

[acamas] 25/5/2018 07:26

Half year results are normally published last week in July,I believe? So a quiet June and then some activity in the share price in the build up during July, I think?

[villarich] 24/5/2018 23:17

Can't see there being bad news given recent updates. Probably just a tree shake and being hit by wider market issues.

[thebradski007] 24/5/2018 19:25

Hi,Does anyone know a rough date for their next set of results?Thanks

[martynporter79] 24/5/2018 14:14

Summer sell off?? Or is there bad news here?

[villarich] 20/4/2018 10:41

New high! Whoop!!

[gconvery] 20/4/2018 10:33

Shhhh.... :-)

[villarich] 01/3/2018 11:14

How on earth can this be down today?

[villarich] 01/3/2018 08:00

EPS up 55% giving us current PE of 15.8. Fast growing share on a PE that low means we'll hopefully get a pop in the share price this morning.Nice divi too!!

[villarich] 06/2/2018 16:10

I get that all shares are down due to the wider sell off, but I don't get why this is down nearly 8%.

[villarich] 09/1/2018 07:06

Good, solid trading statement. "Comfortably inline" suggests scope for upgrades later in the year. I wouldn't be surprised if this trades down today after yesterday's rise.

[villarich] 08/1/2018 23:33

Perhaps someone knows something we don't.

[shammytime] 05/1/2018 16:29

Looking very good in the run up to results

[3rd eye] 13/12/2017 07:06

Robert Walters Shares back In demand.

By Graeme Evans | Tue, 12th December 2017 - 14:29

In keeping with its preference for trading statements that are both short and sweet, Robert Walters (RWA) needed just 50 words this morning to trigger another surge for shares in one of the City's top performers of 2017.

It's the third time since the summer that the professional recruitment consultancy has surprised on the upside, having forecast today that annual profits will be materially ahead of current market expectations.

The company's shares have rallied by more than 140% since the shock of the Brexit vote in 2016 and are up 75% in the past year. Today's brief update was sufficient to lift the stock by another 10% to 610p.

This is a cyclical stock that is exposed to the unpredictable nature of political events and economic fortunes, but for the moment the City is prepared to bet that there are more gains in the pipeline.

Investec Securities described the Robert Walters valuation as attractive, noting that it trades on 1.1 times enterprise vale/net fee income versus a peer average of 2.4.

This has prompted Investec to upgrade its price target by 70p to 670p and reiterate its 'buy' rating. It is the sixth time in a year that Investec has raised its earnings per share (EPS) target, on this occasion by 8% and 5% respectively for 2018 and 2019.

[villarich] 12/12/2017 08:38

Boooooooom!!