Robert Walters Share Discussion Threads

[randomambler] 21/1/2019 11:27

Wow this is a quiet board. I guess that RWA is totally off the radar for most investors despite its progress since 2008? Anyway I've put together a fairly lengthy analysis of Robert Walters in order to identify the investment case:

Hope this proves interesting for somebody!

[brokertobroker] 14/1/2019 15:18

Record Q4. In fact, record quarters throughout the year.

Trading cheaply on 11x with a solid balance sheet it's no wonder the insiders have been buying shares.

[descartes244238] 22/11/2018 19:08

As usual only the insider crooks know

[blondviking] 22/11/2018 14:57

Big drop. What's happening here!!

[imastu pidgitaswell] 26/10/2018 12:21

Yes, but look at the volume yesterday compared with the previous 3 months - massive. Haven't followed it lately (is it really 17 years since the author started this thread? ;-)), but looking at the rise from the Brexit Vote trough in mid 2016, some sort of correction had to happen. Some really strange trades - from 600 to 540-odd (briefly) instantly.

No idea to what level though.

[hawaly] 26/10/2018 11:21

Lack of buyers to soak up panicky sellers..... one for the eventual upturn when it comes.

Answers on a postcard as to when that might actually be.

[hawaly] 11/10/2018 08:21

Well so much for that..... many yield searchers will be panicked by current market action; a new experience for many who over the last 10 years have seen their investment return options limited. This may exacerbate falls.

[xajorkith] 09/10/2018 07:24

Another record quarter, 41m cash on the balance sheet, and confidently in line.

Seems pretty good to me in the face of the current geo-political headwinds & clear evidence of the the longer term quality of the business.

[hawaly] 02/10/2018 13:51

Compnews1

Only that BREXIT is inducing a wider UK market malaise - perhaps many smaller investors, those with the opportunity to withdraw, to wait and see, are pulling funds out of the market until something more tangible transpires - mid November seems crucial.

Rational actors take the back seats at times.

Just my opinion.....

EDIT: Having said that, the update due next week may provide a boost.

GLA :-)

[compnews1] 01/10/2018 15:10

I believe RWA is a international recruiter, so BREXIT would not be the major issue, would it? With ROCE near 33%, PE less than 16 and DC greater 3 are very healthy indicators. Have I missed some things?

[hawaly] 28/9/2018 07:32

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 18:59

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 13:44

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

[xajorkith] 26/7/2018 18:01

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 07:51

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 07:54

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 22:34

Trading update tomorrow

[xajorkith] 18/6/2018 14:40

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 12:46

Thanks Acamas

[investopia] 25/5/2018 11:44

'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 08:26

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] 25/5/2018 00:17

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 20:25

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

[martynporter79] 24/5/2018 15:14

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