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RPC Rpc Group Plc

792.60
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Rpc Group Plc LSE:RPC London Ordinary Share GB0007197378 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 792.60 792.40 792.60 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Rpc Share Discussion Threads

Showing 1451 to 1475 of 3650 messages
Chat Pages: Latest  62  61  60  59  58  57  56  55  54  53  52  51  Older
DateSubjectAuthorDiscuss
21/6/2017
09:26
First foray @ 749p as it looks to me as if the 2nd leg of today's W has bottomed.
But WDIK. 2.5% yield and final of 17.9p due in August.

fizzypop
21/6/2017
07:54
I think they're being driven down by the same malaise affecting the whole stock market at present. A general uneasiness caused by Brexit talks, Political weaknesses, terrorism, London fire etc. People just don't feel very good and stock market seems uncomfortable and restless. Strangely there isn't even a flight to gold.....yet!

The pendulum will swing back but don't know when.

fez77
20/6/2017
17:38
I can't believe my bad luck, as only bought in last week as I believe in the product and the company. Every day since!!! Down, and down!! Is there hope?
hopefuldave
20/6/2017
08:32
Can someone explain what the problem is that keeps RPC share price going down. I can't find anything in the results to justify this. A re we still in thrall to Northern Trust? If even IC doesn't understand it what chance have we mere PIs
builder bob
13/6/2017
20:02
More Director buys.

Latest Broker forecast - Peel Hunt 13/06 Reiterates:- "Buy" Target - 1,135.00p

British Bulls say "Buy" - "Our system’s recommendation today is to BUY. The BULLISH HARAMI pattern finally received a confirmation because the prices crossed above the confirmation level which was at 783.5000, and our valid average buying price stands now at 787.0000. The previous SELL signal was issued on 06/06/2017, 7 days ago, when the stock price was 863.0000. Since then RPC.L has fallen by -8.81%.Market Outlook Let’s jump on our white horses and go for a bullish ride. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. Most probably, it is the right time to participate in bullish fervor. The market is telling you about a new profit. Do not miss this bullish opportunity."

All indicators are pointing in one direction - upwards.

fez77
11/6/2017
16:09
Think any concerns now are in the price. Also the fact that the majority of it's business is outside the UK has to be an attraction with political uncertainty not going away.
spoole5
09/6/2017
09:40
ED
Buy when uncertainty abounds

Sound business long term

phillis
09/6/2017
09:26
I dearly hope we've reached it.
alastair33uk
09/6/2017
09:17
Great to be able to buy a leader in its field at much reduced prices, though wish I could call the bottom first ...
mister md
09/6/2017
09:04
Me too Ed I've got a lot of cash tied up.
alastair33uk
09/6/2017
08:46
Count your fingers, Phillis. ;-O Gulp!

(The volatility here is too much for me. Just watching.)

Genuinely hope this goes well for holders (but it scares me).

ed 123
09/6/2017
08:16
time to have a few more of these
phillis
08/6/2017
20:59
Could well be a "an organised Directors' share-buying spree" as jeffian says. However could also be that Directors recognise good value at this level. One of Buys was 12787 shares and another was 6990. Not chicken feed!
fez77
08/6/2017
20:56
"On the basis of what we know"! But that is not the issue/question/problem whatever. Seems to me the IC analysis is not worth very much. We need a clearer view with more detail.
hew
08/6/2017
17:51
From the Chronic Investor today (The jury's still out):

"RPC (RPC) is suffering from a lingering crisis of credibility. Three months on from some highly critical analysis from Northern Trust Capital Markets, shares in the packaging group were marked down on release of full-year figures, which, according to JPMorgan analysts, should have gone "some way towards answering recent criticism of RPC's underlying earnings performance".

What's not to like? Amortisation charges tripled from the previous year to £31m, but strip these out, along with other acquisition-linked and exceptional items, and adjusted operating profit increased by 77 per cent to £308m. RPC has scaled-up, forking out over £1.2bn on acquisitions since the final quarter of 2015, leading to a revenue surge through to its March year-end. The thing is: no one's really looking at the top line. Instead, as we pointed out in our April review, investors will be zeroing in on "how effective RPC has been in deriving synergy cost benefits and if any margin compression linked to the deals is a temporary effects".

With the integration of French bottle-top maker GCS and British Polythene Industries now complete, the cost synergies estimate for these two operations - plus the previously acquired rigid plastic packaging maker Promens - increased by €5m (£4.3m) to €105m by the end of the 2019 financial year. We can expect further developments on this score, following completion of another major purchase in the form of US-based Letica Corp, a rigid packaging and food service product specialist. Despite this progress, it seems the jury is still out on the question of post-acquisition savings.

This is also borne out by one of RPC's key metrics. The group managed to ratchet-up its return on sales by 60 basis points to 11.2 per cent, although this was achieved despite "the dilution of lower margin acquisitions". Polymer resin accounted for around 36 per cent of adjusted costs during the period, and while RPC has various hedging and pass-through arrangements in place, it encountered a £3m net polymer headwind, an increase of £14m from the previous year's prices tailwind.

Deutsche Bank gives pre-tax profit of £282m for the March 2018 year-end, leading to adjusted EPS of 68p, against £155m and 61.6p in FY2017.

RPC (RPC)
ORD PRICE: 803p MARKET VALUE: £3.33bn
TOUCH: 802-804p 12-MONTH HIGH: 1,032p LOW: 660p
DIVIDEND YIELD: 3.0% PE RATIO: 22
NET ASSET VALUE: 439p* NET DEBT: 58%
Year to 31 Mar Turnover (£bn) Pre-tax profit (£m) Earnings per share (p) Dividend per share (p)
2013 † 0.98 48.2 16.6 12.0
2014 † 1.05 59.0 20.5 12.0
2015 † 1.22 67.1 18.0 13.3
2016 (restated) 1.64 75.6 18.1 16.0
2017 2.75 155 37.1 24.0
% change +68 +105 +105 +50
Ex-div: 10 Aug

Payment: 1 Sep

*Includes intangible assets of £1.95m, or 471p a share. †Restated per share figures adjusted for Jan 2016 1-for-5 and Feb 2017 1-for-4 rights issues.

IC VIEW:
Northern Trust called RPC's interpretation of capital returns in light of earnings restatements and we still can't be sure if acquisition-linked margin compression is a temporary effect. On the basis of what we know, the shares' earnings discount to peers is unjustified. BUY."

sogoesit
08/6/2017
17:45
JP Morgan Cazenove today reiterate tp of 1,250p
mfhmfh
08/6/2017
17:44
tipped as a buy in IC today.
mfhmfh
08/6/2017
17:16
MartinC, as another amateur accountant I have spent (wasted?) quite a lot of time on the numbers in the Results without finding any obvious problems. So somewhat pleased that Tempus does not either: "on the face of it, nothing to scare the horses" and then quotes some good numbers. But I do see many "adjusted" figures and big figures for exceptionals, debt and intangibles. The Telegraph states 9 acqs last year, so plenty of adjustments would indeed be necessary I imagine. The share price behaviour yesterday morning could reflect there being no obvious issues but then a search not finding the clarity to assess underlying performance. Given that the Northern Trust concern was hanging over the company one might have thought they would have used good results to dispel worries, such as by splitting out figures for various areas. All rather unsatisfactory............
hew
08/6/2017
14:55
I notice that the results gave ROCE as roughly 15%, while Stockopedia gives it as roughly 5%. Presumably the difference is due to treatment of acquisitions. So it's all confusing to the very amateur accountant like me.
martinc
08/6/2017
14:15
TEMPUS of the Times has usually said ADD in recent years but today says HOLD- why? - because they haven't answered concerns raised by an analyst at Northern Trust in March. He goes on to say" further share price progress may be hard until it does."
sr

srtoothpaste
08/6/2017
11:29
.. or seller attack ?!
mister md
08/6/2017
11:25
hxxp://shorttracker.co.uk/company/GB0007197378/all
mfhmfh
08/6/2017
11:18
Seems a decent company and I'm looking for an entry point, though it seems to have come under some sort of short-term shorting attack ... ?
mister md
08/6/2017
10:24
jeff: could not agree more. If I could be sure nothing lurks in the woodwork I would be happy to add at this price. Perhaps a spell with no acquisitions would help. Having first bought in 2004 and partaken in all the many rights issues I show a considerable profit on these, and the dividend has increased every year. Seriously in danger of love-fest with them.
dozey3
08/6/2017
09:00
Whether really a cause for concern or not (not, IMHO), it does seem that the scare story started by Northern Trust about accounting for 'exceptionals' has taken its toll. I note that there now seems to be an organised Directors' share-buying spree to try to project confidence, which always strikes me as a rather desperate PR stunt, and I would far rather the company addressed the issue head on and answered the accusation. The results announcement would have been an ideal opportunity. The fact that they didn't specifically deal with it can only have encouraged the doubters.
jeffian
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