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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
  -6.00p -0.66% 897.00p 896.50p 897.50p 901.00p 890.50p 898.00p 798,213 11:45:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Industrials 2,747.2 154.7 37.1 24.2 3,722.49

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Trade Time Trade Price Trade Size Trade Value Trade Type
10:45:16897.009648,647.08AT
10:45:16897.001771,587.69AT
10:45:16897.001751,569.75AT
10:45:16897.002051,838.85AT
10:45:16897.003893,489.33AT
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RPC Group (RPC) Top Chat Posts

DateSubject
28/7/2017
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 903p.
RPC Group has a 4 week average price of 745.50p and a 12 week average price of 714.50p.
The 1 year high share price is 1,106p while the 1 year low share price is currently 714.50p.
There are currently 414,993,427 shares in issue and the average daily traded volume is 3,311,147 shares. The market capitalisation of RPC Group is £3,722,491,040.19.
20/7/2017
08:19
shauney2: From the Times RPC Group RPC’s decision to call a halt on further acquisitions, after more than 20 over the past few years, is probably just as well because if, as the company says, its shares are severely undervalued, it does not make a lot of sense to issue new ones at this level to pay for them. Instead, the packaging specialist is embarking on a share buyback programme, albeit a limited one of up to £100 million given its market capitalisation of about £3.5 billion. This is sending out a clear message to the bears that have savaged the share price since the start of the year. One fund manager, in particular, has questioned the cashflow that is coming in and whether the more recent acquisitions, which include the once-quoted British Polythene Industries and Global Closure Systems, the French bottle top maker, are performing as well as RPC says. So the trading update that came at the annual meeting said that first-quarter revenues were “well ahead” of last year’s at £960 million (RPC does not normally give a figure for the first quarter), that margins and profits were ahead of management expectations and that cashflow “remains on track”. The shares, one of this column’s recommendations for this year at £10.65, had been as low as 720p last month and have continued their recovery since, adding another 37½p to 880p yesterday . They sell on a forward multiple of less than 13. If management’s reassurances are to be relied on, that feels too low and further recovery in the price can be expected. MY ADVICE Buy WHY The fall in the share price still looks overdone
19/7/2017
14:34
broadwood: First quarter revenues were lifted by organic growth, acquisitions and positive foreign exchange movements RPC Group PLC (LON:RPC) shares were higher today after the FTSE 250-listed firm signalled a share buyback programme of up to £100mln and said revenues for the first quarter to end June reached around £960mln, buoyed by organic growth, acquisitions and foreign exchange movements. The plastic packaging firm said in a trading update that it believes its current share price significantly undervalues the company's performance and its future prospects It added: "Group margins and profitability levels were ahead of management expectations, with the negative time lag impact from passing through higher polymer prices offset by a favourable currency translation effect." RPC also said its cash flow development remains on track. The group's chief executive, Pim Vervaat said: "The Board is confident that the Group's performance going forward will continue to deliver value to its shareholders
19/7/2017
07:15
broadwood: More progress. . In light of the current valuation and the Board's confidence in the long term prospects of the business, the Board of RPC believes the current share price significantly undervalues the performance to date and the Group's future prospects. Accordingly, RPC intends to commence an inaugural share buyback programme of up to GBP100 million. The programme will be conducted over a period of up to 12 months and will be kept continually under review.
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
10:00
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.
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!
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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