Rpc Share Discussion Threads

[broadwood] 29/9/2016 07:35

RPC Group said revenues in H1 are projected to be significantly ahead of the same period last year, benefiting from the contribution of acquisitions and continued organic growth.

The adjusted operating profit for the first half is also anticipated to be significantly ahead of last year due to organic growth, realisation of synergies, the part reversal of last year's polymer price headwind and a foreign exchange translation benefit.

The organisational integration of GCS has been completed and its overall trading performance is ahead of previous expectations.

The acquisition of British Polythene Industries ("BPI") was completed in August and has been integrated into RPC as a sixth stand-alone division. Initial trading has been encouraging.

The overall acquisition related cost synergies (steady state €80m related to Promens / GCS and £10m for BPI) are currently being reviewed to assess potential further upside.

The Group's financial position remains strong, with good cash flow development in the first half and it has significant headroom under its debt facilities

[broadwood] 29/9/2016 07:04

Impressive.

Revenues in the first half are projected to be significantly ahead of the same period last year, benefiting from the contribution of acquisitions and continued organic growth. The adjusted operating profit for the first half is also anticipated to be significantly ahead of last year due to organic growth, realisation of synergies, the part reversal of last year's polymer price headwind and a foreign exchange translation benefit.

[sogoesit] 23/9/2016 09:40

Indeed; will accumulate on any weakness.

[cheshire pete] 21/9/2016 22:48

Invisage,
Nuff said.

[invisage] 21/9/2016 11:20

Top performer for me. You just buy quality and hold it.

[shauney2] 21/9/2016 11:10

Thanks for that mfh.

The continued weakness of sterling must be very helpful.

They said this in June,

The weakening of sterling enhances the competitiveness of the UK operations due to the higher cost of imports from mainland Europe, and the Group's position as a modest net exporter from the UK may incrementally benefit its performance.

[ed 123] 21/9/2016 11:02

I'm a very happy holder too!

RPC is working wonders in my pension pot. :-)))

[mfhmfh] 21/9/2016 10:40

pre-close trading statement next week on 29.09.16.

[affemoose] 21/9/2016 09:25

Slow and steady upward movement - excellent. Just the way I like it

[shauney2] 21/9/2016 08:45

21 Sep 16 Jefferies New target price 1100.00 from 1000.00

[broadwood] 21/9/2016 08:15

Off to the races - again.

[nfs] 21/9/2016 08:12

Continuing to grind on upTerrific

[getscenic] 15/9/2016 19:34

some chunky sales at close, I guess £9.00 has triggered a few stops.

[broadwood] 15/9/2016 18:21

Ed - thanks.

[ed 123] 15/9/2016 18:13

Berenberg initiated coverage of RPC today with 'Buy' recommendation and target price of 1050p.

[broadwood] 15/9/2016 18:08

No, can't find out why.

Not a Broker upgrade. Maybe a rec in the IC.

[getscenic] 15/9/2016 16:00

Nice leg up today, can't see any news. Any clues?

[broadwood] 17/8/2016 07:27

Nice increase in TP by Deutsche this am.

[sogoesit] 08/8/2016 12:22

Dived in today at 881.
Been following this for a while but waited for BPI to settle a bit. Looks like a break-out of sorts on the charts.

[mfhmfh] 05/8/2016 09:47

new highs today...

[shauney2] 25/7/2016 12:19

Credit Suisse Initiates/Starts

Outperform target 1025.00

[mfhmfh] 20/7/2016 11:26

let's try to break and stay above 850 this week. then 900 next stop.

[broadwood] 20/7/2016 09:35

Looks like we're touching an all time high.

[broadwood] 11/7/2016 07:59

RPC Group said Q1 revenues were significantly higher than the same period last year due to continued underlying organic growth and the contribution of acquisitions.

Adjusted operating profit for the period, at constant currencies, was also significantly ahead of last year and ahead of management's expectations driven by increased sales volumes, the realisation of synergies, a reversal of last year's polymer headwind and a better than anticipated contribution from Global Closure Systems ("GCS"), whose acquisition was completed at the end of March.

The Group's results also benefited from a favourable currency translation impact from a weaker sterling versus the euro and US$ as c.75% of the Group's revenues are generated outside the UK.

Good cash flow was achieved in the period and the Group retains a robust financial position with significant headroom under its debt facilities.

Meantime, RPC said the organisational integration of GCS into RPC's Bramlage division is progressing well and is substantially complete. The realisation of the anticipated €80m of total steady state synergies associated with the acquisition of GCS and Promens remains on track.