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 Shares Traded Last Trade
  +0.00p +0.00% 806.40p 0 06:35:19
Bid Price Offer Price High Price Low Price Open Price
807.80p 808.40p - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Industrials 2,747.2 154.7 37.1 21.7 3,287.69

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RPC Group (RPC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-04-23 15:52:47801.502001,603.00O
2018-04-23 15:52:35803.299007,229.65O
2018-04-23 15:52:20801.608006,412.80O
2018-04-23 15:52:19802.136,37551,135.66O
2018-04-23 15:52:06804.293,00024,128.80O
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RPC Group (RPC) Top Chat Posts

DateSubject
23/4/2018
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 806.40p.
RPC Group has a 4 week average price of 750p and a 12 week average price of 750p.
The 1 year high share price is 1,032p while the 1 year low share price is currently 714.50p.
There are currently 407,699,202 shares in issue and the average daily traded volume is 1,625,442 shares. The market capitalisation of RPC Group is £3,287,686,364.93.
18/4/2018
17:10
jw121: I've had another read through the latest NT report from July last year; hxxps://europe.aviatelive.com/wp-content/uploads/sites/9/2017/07/RPC-Sell-12-JUL-2017.pdf The more you read it the more it appears to be one giant tyre kicking exercise. They start off trashing the plastic packaging industry (this was before Attenborough had his say) and then move on to capex, free cash flow and finally organic growth. I would have given more weight to their opinions if they had criticised one area of the business but the way they have gone about it seems to be, in my opinion, an attack just to drive down the share price. I look forward to seeing the results when they are published in June and my view is that they will put to rest a lot, but not all, of the NT points. The fact that the board were happy to sign off on another acquisition at the end of the financial year, albeit much smaller than some of the more recent ones, suggests that they have confidence that the vision 2020 strategy is delivering strong performance for the business
29/3/2018
08:41
cheshire pete: Let's hope so jw121. Can't see anything in TS not to like. Have spent £83.2m of £100m allocated for share buy back. Have seen it said that share price can be in doldrums during buy back before moving up once completed. Time will tell. share price still a lot lower than broker forecasts.
13/3/2018
07:43
oli12: Let’s see, despite the share buy backs every day for the last few months the share price remains just over the 800 level. Just over 6% of the shares are currently short adding to the uncertainty here. The debt concerns me here, currently it’s manageable however I personally see better value in paying off debt oppose to buying back shares especially considering all the rights issues that took place for acquisitions at a much lower price than they are buying them back for now. Long term I am positive here.... however for now I remain apprehensive to short to medium term bumps in the road.
20/12/2017
09:45
jeffian: cheshire pete, re #1630, Because the company has no control over the share price; the market sets that. If the market only worked on simple mathematics, we'd all be millionaires! If a company spends £Xmillion buying its own shares then in the accounts the NAV and EPS rise and theoretically the share price should rise by an equivalent amount, but that is not necessarily so and, in some cases in my experience, dramatically so. Enterprise Inns (now Ei Group) (in)famously spent around £1Bn buying back their own shares in the run-up to 2007/8 at up to £8/share before the price slumped to 26p! The share price has recovered slightly and they are again spending up to £25m/year buying shares at c.60% discount to NAV which at least makes more sense but still doesn't 'benefit' shareholders if the market resolutely refuses to take the bait. Spending real free cashflow in this way rather than via a general dividend or return of capital is not 'returning value to shareholders', it is returning all the available cash to former shareholders! If 'surplus' cash is returned to all shareholders via dividend or return of capital, they still have the choice of reinvesting in that company's shares if they want to - or, importantly, decide to make alternative use of it - but buybacks remove that choice from them. As Sogoesit says, companies are not the best judges of their own value!
18/12/2017
20:13
oli12: Additionally they are buying back up to £100m in shares but yet when (IF) the next placement comes I am sure the placing price will be for a lot less than the price they are buying shares for now. Complete false economy, it’s not even lifting the share price it’s just slowing the fall. This is a big mistake, I hope management re consider.
29/11/2017
11:44
billywhizz1: Here is the reason that prices go down in the short term, just after a profit announcement surge: TUESDAY: Average price 930p. Place forward sell order for spike at 8.05am on Wednesday morning. WEDNESDAY: Spike price at 8.05am 1020p, offload sell is triggered....nice little earner! Purely due to the profit-taking sell-off, price lowers to 893p. Once all outstanding risks have been evaluated, the lower share price buyback commences and the share price rises again. Hope this explains the process to the uninitiated.
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
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."
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!
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