Share Name Share Symbol Market Type Share ISIN Share Description
RPC Group 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
  +0.00p +0.00% 854.50p 854.00p 855.00p 859.00p 843.00p 858.50p 2,283,260 16:29:55
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Industrials 1,642.4 75.6 19.4 44.0 4,252.01

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RPC Group (RPC) Discussions and Chat

RPC Group (RPC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2017-05-25 16:01:54852.124,53838,669.01NT
2017-05-25 15:58:14851.90365,0003,109,435.00NT
2017-05-25 15:53:39852.133002,556.38NT
2017-05-25 15:49:13849.591,0819,184.02NT
2017-05-25 15:41:43850.1856,506480,402.71NT
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RPC Group (RPC) Top Chat Posts

DateSubject
25/5/2017
09:20
RPC Group Daily Update: RPC Group is listed in the General Industrials sector of the London Stock Exchange with ticker RPC. The last closing price for RPC Group was 854.50p.
RPC Group has a 4 week average price of 795p and a 12 week average price of 744p.
The 1 year high share price is 1,106p while the 1 year low share price is currently 707p.
There are currently 497,602,628 shares in issue and the average daily traded volume is 2,058,429 shares. The market capitalisation of RPC Group is £4,252,014,456.26.
13/4/2017
17:47
jeffian: This is the latest Hargreaves Lansdown view - "RPC Group - down 20.8% (3 months to 31 March 2017*) There’s plenty happening at plastics manufacturer RPC. The group’s updates on current trading belie the share price fall. Although RPC hasn’t given much detail, it has consistently said trading is ahead of previous management expectations. However, organic growth is not the cause of concern. While acquisitions have always been a big part of the growth story, the pace of expansion is testing the market’s resolve. The Letica business is RPC’s first major step into the US market, and the group took in the region of £550m from shareholders in a rights issue in order to fund the deal. Other recent acquisitions are not yet fully integrated, including BPI (£261m) and GCS (€650m). These deals have led to an improvement in buying power, and other benefits, such as cost synergies, are being realised. However CEO Pim Vervaat has alluded to the potential for further deals already. There will be a limit to how many plates the group can spin at once, so we’re not entirely surprised to hear a few disgruntled rumblings. We wouldn’t mind the group completing a few smaller bolt-on deals here and there, but we’d rather it put major acquisitions on the back burner until the current batch have settled. There has been some speculation that the constant flow of deals is being used to hide a lacklustre underlying performance. With little operating detail announced since Christmas there’s no evidence to support that supposition yet, but it has clearly spooked the market, contributing to the steep share price fall. All this means that we’ll be paying particular attention when full year results are released in June. These results will provide an opportunity to demonstrate the current acquisitions are bedding in nicely, and show the doubters there are no cracks in the plastic. The shares currently offer a prospective yield of 3.2%. *This price change assumes that investors took up their rights in full in the 1 for 4 rights issue earlier in the year."
31/3/2017
10:52
ganthorpe: I am not a holder of RPC but was looking at a buy following the rights issue , which often weakens a share price and gives a good entry level. However the relentless acquisitions and fund raising is not for me. Even after today's falls the shares don't look cheap on P/E or dividend yield and as a former FT250 FD and analyst I would not be happy with the accounting treatments. One poster mentioned that it was his second biggest holding - I think I would be trimming it if it was mine. Regards- hope all goes well for holders
31/3/2017
10:00
ed 123: I'm not holding any RPC (used to be a holder) but even I, without any skin the game, think I see a concerted attack. It's tactics like waiting for what was always expected to be a bullish trading update and selling then. They wanted some buying strength to get their shorts away. To my mind the short sellers are not waiting for the market to discover the true value of RPC, they are actively taking the share price down. There are no short disclosures yet (ie. >0.5%). Maybe several institutions having a go at less than 0.5% each? RPC is not yet in its close period (begins end of next week). The directors have a few days to go into the market and buy shares. Significant buying by directors could make a statement - though it may not be enough to stop this train? At some point it will reach the bottom and bounce. Where that will be I don't know and I won't be putting any money into guessing it. This is a high rollers den, out of my league.
31/3/2017
07:54
invisage: Debt will fall as some of the placing funds used to pay down debt. Worth watching 2020 vision video on rpc website as to what they are looking to achieve long term.This is a highly cash generative business providing a product for everyday essentials. I expect it to do well overtime.What's important for me is investing in a quality business and ignoring short term noise in the share price. The business appears to be delivering according to the RNS statements so the share price will sort itself out with time.
30/3/2017
09:21
shauney2: They never give figures in updates. "Adjusted operating profit ahead of expectations and good cashflow development" Nothing wrong with that. Maybe its the last paragraph "At the same time the Group is looking to grow selectively in a consolidating industry whilst further enhancing its strategic buying position." And the market thinks enough is enough for now. --------------------------------------- Interesting from todays Shares magazine printed before todays trading update Great ideas update Loss to date: 13.2% Original entry price: 992p, 13 October 2016 Market sentiment appears to be turning against plastic packaging firm RPC (RPC) after an aggressive period of buying other businesses. We think it is time to give up the shares in fear it may become a target for ‘bear raiders’, namely people who write negative reports on a company in order to profit from a decline in its share price. RPC has already received criticism for falling returns on capital. So if it was such a great idea not so long ago whats changed?You have to laugh.
27/3/2017
16:43
ed 123: Hi Jeffian. I can't help you on any detail from Northern Trust. I don't have any. What I do have is ..... RPC's markets are growing, through a trend of switching from glass to plastic and from a global demographic trend of more people buying product in containers. RPC is big and can lead the way in offering competitive pricing. This puts a squeeze on the small producers, who can feel themselves pressured to point of selling out. RPC can and does grow itself, digesting the minnows. Looking at RPC's takeovers, Northern appear to be saying, this can continue as long as the market supports the rights issues. If RPC's share price falls, if it can't get its next issue away without a good chunk of it ending with the underwriters, it starts to unwind. RPC would then need to offer a greater number of shares to buy each smaller competitor and the economics of this part of the business model could reach an end point - at which, with the debt and a more conservative accounting approach (to do with goodwill amortisation?), RPC's market cap would look stretched at 900p (the price when Northern questioned RPC?). My instinct is to at least query, if not doubt, institutions such as Northern - after all, they exist to make money, not to be kind to the wider investment community. However, if Northern succeed in undermining confidence in RPC, then Northern's prediction will come to pass. And my own position? I may not be happy with Northern but I must acknowledge I am only a little person. I must bend with the wind. Hence I sold out. Will recycle into something seemingly safer. Hope that helps a bit and hope you win here.
06/3/2017
10:46
ed 123: Agree but, as you say, only slightly. The 1980's acquirers were often conglomerates, and tempted into businesses that they were less familiar with. RPC knows packaging and sticks to that. They look very carefully before agreeing - go for deals that enhance earnings not later than the following accounting year. I've taken the view that this share price weakness is connected with the 4% that went to the underwriters. The market got a bit overfaced this time. Over the next few months, I'd expect the share price to recover from the rights issue dip. Added some more this morning. (No advice intended.)
09/2/2017
15:11
gibson59: Hi, as a complete newcomer to shares... could some explain why RPC share price has fallen today following this morning's announcement?Thanks!
09/2/2017
10:01
ed 123: Hi Typo56, Yes, maybe there is too much enthusiasm overall to taking up rights. In the case of RPC, however, there is a history of rights issues to support acquistions and those acquisitions have done well for RPC and its shareholders. So, for me here, I thin out my less well performing shares and take up my rights. With the Letica buy and some share price appeciation due to the Group performing well, RPC may not be far off entering the FTSE100 at the year end reshuffle?
19/12/2016
10:02
shauney2: Tempus December 16 2016, 12:01am, The Times Nothing rubbish about this buyout Martin Waller RPC is one of those companies, like Bunzl to which it has been compared, that seems capable of finding endless value-creating acquisitions and cost savings. Its name stands for Rigid Plastic Containers and it tends to do large deals, unlike Bunzl, completing four in the past two years. It is moving away from the sort of packaging required by supermarkets and into more specialist areas, with the proviso that purchases are big users of polymers and offer a return on capital of at least 8 per cent. Management have been making noises about another big deal recently and two duly arrived yesterday. RPC is buying ESE World, which makes plastic waste containers such as wheelie bins for councils and waste management companies, at two centres in France and Germany. Though the announcement lacks detail, the deal ticks all the boxes. ESE uses about 4.5 kilotonnes of polymers each year. Though some may be different sorts of plastics than RPC uses, there will be overlap and procurement savings. This was one rationale behind the acquisition in June of British Polythene Industries, which struggled to make headway because of the pricing power of suppliers over smaller customers. Like BPI, which supplies farmers with films to wrap silage, for example, the acquisition takes RPC further beyond consumer packaging. The return is above 8 per cent and the €262.5 million price represents a multiple that may be a touch higher than RPC has traditionally paid but still seems reasonable. It also announced yesterday its first move into Southern Africa, the Johannesburg-listed Astrapak for the equivalent of £79 million. RPC’s half-way figures showed not only further improvement on return on sales but 3 per cent organic sales growth. The company again shifted upwards the expected synergies from earlier deals, a recurring theme. Consensus earnings forecasts were upgraded by about 7 per cent. The share price graph speaks for itself — selling on 17 times’ earnings, which is about right for a consolidator of this type. The downside is if one of those deals goes wrong — but it hasn’t happened yet. Nothing wrong with taking a bit of profit, but the shares remain a buy. MY ADVICE Buy WHY Shares seem fairly rated for a strong business with an excellent record of making acquisitions and then extracting savings from them.
RPC Group share price data is direct from the London Stock Exchange
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