Rps Share Discussion Threads

[norbert colon] 27/7/2021 21:24

https://investor.tetratech.com/press-releases/news-details/2021/Tetra-Tech-Expands-High-Performance-Buildings-Practice-with-Acquisition-of-Hoare-Lea/default.aspxMore sector M&A.....

[norbert colon] 27/7/2021 17:05

https://www.newcivilengineer.com/latest/american-giant-buys-majority-stake-in-turner-townsend-27-07-2021/Values T&T at GBP1.6b or 2.15 x sales showing the potential for RPS to further rerate.

[cassini] 18/6/2021 02:35

Hmm. This is all suddenly a bit parabolic though. Could be a sudden rerating as bigger investors wake up to RPS - I saw Investec do this recently - in which case it's a 'sticky' price rise. Or it could be some short term frothy speculation and we'll hit the top of the trend channel (between here and ~125p) and drop back fast. Not sure whether to bail out if it gets to about 125p and hope for a lower re-entry price or just hold...

[norbert colon] 17/6/2021 20:01

https://www.proactiveinvestors.co.uk/companies/news/952489/gresham-house-strategic-present-results-44-nav-growth-driven-by-over-14mln-of-new-investments-952489.htmlRPS gets a mention re: undervaluation to peer group.

[norbert colon] 16/6/2021 08:50

Yes the 102-106p level was likely to cause some resistance to the rerating so hopefully we can now move up to 120-130p with ease as trading further improves although travel restrictions will still be causing some headaches. Worth a look at 20 year chart for valuation context.

[fillipe] 16/6/2021 08:43

RPS, really starting to get into its stride. f

[fillipe] 08/6/2021 08:18

103p - new 15 months high today, sailing through the 100p "marker". f

[norbert colon] 27/5/2021 18:59

Yep 100p was always a perceived short term ceiling. Won't take long to rerate further I'm sure.

[cassini] 27/5/2021 18:30

Will it get through 100p this time? The 'round number' effect is working against RPS at 100p.

[norbert colon] 13/5/2021 08:26

Hi FreddersNot much more than the markets they operate in are largely doing ok so there is work to be won. WSP released Q1 results last night with the headline that they'd made a strong start to the year. I've not dug into the details however. I'm expecting to see a nice gradual improvement in profitability over time.

[fredders7] 12/5/2021 18:05

What do you surmise from those snippets Norbert? to me its saying the sectors RPS are involved in are going strong but RPS are performing disappointingly in comparison. Saw this the other day, is great news as I think its a substantial framework in a part of the business that operates with much higher margins compared to the overall business margin. hxxps://www.rpsgroup.com/company/news/yorkshire-water-partnership-continues-as-rps-wins-two-new-amp7-contracts/

[norbert colon] 10/5/2021 22:37

Some useful snippets in here for RPS investors - https://investors.aecom.com/static-files/acabb8a3-2741-4d4c-8746-292fba283b62

[norbert colon] 20/4/2021 07:10

Some useful snippets in here for those interested in the sector:https://www.investegate.co.uk/arcadis-n.v./gnw/arcadis-trading-update-q1-2021/20210420060000H9329/"Net revenues in the UK increased organically due to strong growth in Infrastructure, Water and Environment, compensating for a decline in Buildings."

[norbert colon] 11/4/2021 12:46

Many thanks for your insights. Much appreciated.

[dr biotech] 11/4/2021 08:22

Finally managed to have a proper booze filled lockdown breaking catchup with my RPS friend. We’ve all had the jab and negative tests so thought why not. Just two households. Interesting that we both see the company from different angles. So to be brief he said He’s busier than ever. Reckons his area is ahead of forecast. He’s WFH which he thinks is more productive for the senior people (less interruptions) but it’s worse for the less experienced who need guidance. Thinks he may do a day a week in the office post pandemic. He’s impressed with the CEO. RPS has become a more integrated company taking a unified approach rather than being a collection of more disparate companies. Currently they have a share save scheme which sounds quite good, buy one get one free or similar. He can only buy/sell at certain times, not sure why (I explained about closed periods). Think he buys a few thousand a year, it a salary percentage thing. Renewables and Oil and Gas seem to be booming/key markets. He asked me if the dividend cut was the reason the share price is languishing and why it hasn’t recovered further. I explained about the equity raise and how they can permanently affect the share price as you’d get the same market cap with a much lower share price He’s not interested in shares at all outside RPS and doesn’t closely follow the wider picture for them. I thought this was odd, but then of course remembered my time working for a giant US instrument company, where I bought shares but took no interest in the company outside my focused area. I’ll continue to hold. It’s only a small holding for me, but also one of my best performing. I’d never take a big position in a friends company (exceptions being the likes of GSK where I have friends through work which is a bit different). that’s just a personal thing.

[dr biotech] 24/3/2021 09:04

Briefly caught up with my RPS friend last night. Said his office has been busier than its ever been in the 10 years he’s been there. Only a snapshot of course, but a positive one.

[eeza] 18/3/2021 13:16

LTIP = s/hlder robbery, imo.

[norbert colon] 18/3/2021 11:58

https://www.rystadenergy.com/newsevents/news/press-releases/renewables-spending-set-for-new-record-in-2021-luring-service-suppliers-as-oil-and-gas-gap-narrows/?utm_campaign=&utm_content=&utm_medium=&utm_source=twitter

[cassini] 16/3/2021 19:38

It's just come back to the support line, that's all. 100p was way ahead of where it should have been at that point.

[dr biotech] 16/3/2021 19:29

Lot of trades today too, about 3-4 times typical average of 60-70. Perhaps there will be a holding rns in due course.

[chrisb1103] 16/3/2021 19:17

Disappointing drop since the flirtation with 100p - maybe back to a rising trend line now?

[norbert colon] 15/3/2021 09:41

Yes it does namely that many of their renewables / offshore wind clients are their same O&G clients. Summary of 7 "bull case" items includes "Scope to benefit from improving oil price"

[dr biotech] 15/3/2021 09:04

Does the liberum note cite anything specific?

[norbert colon] 14/3/2021 12:25

https://www.ft.com/content/66fe5644-00dd-41db-8802-ea3278f29007Interesting piece and despite 17% of 2020 sales coming from renewables, a healthy O&G sector will always be a favourable tailwind for RPS