Robert Walters Share Discussion Threads

[uhound] 07/10/2019 17:17

What's going on here then?

Been a poor investment for me over the last 12 months since I bought in. Time to move on perhaps?

[masurenguy] 02/9/2019 07:52

Liontrust’s small cap team upped their stake in specialist recruiter Robert Walters from just over 5% of the shares to 6.2%.

How have the shares performed? The company has sold off sharply after hitting a record 796p in September 2018 but the strength of the earlier run mean shares remain 50% up over three years. The stock was trading at 508p on Friday.

What does the company say? Sterling’s slide helped deliver a solid boost in the first half, with one third of a 6% increase in profits to £21.9m attributable to overseas earnings. The business said it remained ‘robust’ despite a backdrop of political turmoil which impacted client confidence.

What’s the outlook? Analyst Liberum recently downgraded its guidance from 775p to 740p as it turned more bearish on its sector-wide forecast ‘given we are in the latter stage of the economic cycle’. The City continues to see further mileage however, on a unanimous ‘buy’ and a 764p target.

Citywire.co.uk

[hastings] 13/8/2019 11:10

Liontrust increased its holding I see.

[hastings] 08/8/2019 08:32

I see they've recently launched a new brand in London, bodes well I hope.Https://www.theglobalrecruiter.com/walters-launch/

[masurenguy] 05/8/2019 18:12

An interesting analysis. The main points below also prompted me to take an initial position here.

"RWA is a quality global business where some 74% of its revenues are generated away from UK, thus mitigating downside. Despite obviously being at the mercy of the global economy mood and gyrations, the company has delivered excellent organic growth where from 2014 revenue has gone from £679m to last year’s £1.23bn and which in turn has seen pre-tax profits surge from £11.2m to £49m.

Cash flow per share has been extremely strong too and the return on capital employed a decent measure has also been positive, while dividends have increased markedly from 6.3p to 13.3p in the last four years. Dividend cover, an important yet often ignored element, has been very healthy, which has seen it move from 2.85x to 3.6x and is forecast to register a level of cover at 4x this year.

Having reiterated that it is trading in-line with market expectations, RWA is forecast to deliver full year 2019 adjusted pre-tax profit of £52.3m and EPS of 49.8p, which then moves to £57m and 54.2p next year. That sees the stock at a current £5.14, trading on a PER of 10 falling to just over nine next year. The 12 month high achieved for RWA shares was just over £8, with the low being £4.75, so given the forecasts and an in-line update, then the shares looked attractive to me for an entry."

[hastings] 05/8/2019 17:07

Added some thought to my conviction!https://www.cambridge-news.co.uk/business/martin-flitton-shares-views-investment-16704414

[riostroy] 31/7/2019 02:47

Robert Walters Shares Jump On Payout Boost In "Solid" Interim Results - where was this jump??????????? Stupid headliners!!!!

[riostroy] 31/7/2019 02:44

more to fall down!!!

[discodave4] 27/7/2019 20:51

Thanks.Agree it looks undervalued.Good luck

[ronwilkes123] 27/7/2019 20:04

Yes I bought a smallish sum of 555 shares about two-three days ago. I'll buy more in the future. I like this I think it's cheap, ill also need to be patient. The chart shows this should recover in 6 months.

[discodave4] 27/7/2019 19:58

Do you hold?

[ronwilkes123] 27/7/2019 19:43

Well don't buy the shares then Dave if your in two minds Only buy shares you are sure of, second thoughts suggests you shouldn't buy here

[discodave4] 27/7/2019 19:41

Have you ever been in two minds?.........erm I think I have! Lol

[ronwilkes123] 27/7/2019 17:42

Don't buy the shares then save

[discodave4] 26/7/2019 19:57

In two minds, dithering: this is good value IMO, but recruiting not a sector that I'm comfortable with.

[discodave4] 25/7/2019 09:40

Diluted eps 20.7 so only slightly less than I thought at 21p.Still looking good value IMO.

[its the oxman] 25/7/2019 07:42

Yes scope for the shares to be a much higher when sentiment changes again. Buy buy buy if your happy to be patient for a while.

[saurish] 25/7/2019 07:13

It is a classic scenario, good business producing good results caught amidst industry wide macro concerns. A great time to buy usually, imho.

[hastings] 25/7/2019 07:06

Very good results from a quality player, new position for me.

[18bt] 25/7/2019 06:44

Certainly shows no reason for the share price fall and worldwide business offers protection.

[saurish] 25/7/2019 06:43

Excellent results during tough macro environment. Net fee up, UK up, dividend up, net cash up and trading in line for full year. A solid business producing solid results.

[discodave4] 20/7/2019 12:19

Share price was bouncing a bit yesterday, at one point it was 7% down.

[saurish] 19/7/2019 18:10

Excellent price recovery. Upwards and onwards.

[discodave4] 17/7/2019 15:53

Agree about Trumpy, he will strike a deal to boost his campaign.HAS has held up pretty well in comparison to here, even though I thought their numbers were a lot worse.Still sitting on my hands though until results next week.