Rps Share Discussion Threads

[bigwavedave] 15/1/2018 08:58

Looking good. Can it stay get through £3 this time?

[bigwavedave] 15/1/2018 08:58

Looking good. Can it stay get through £3 this time?

[matlad] 05/10/2017 15:31

Yippee. Finally past £3.00 onwards and upwards

[bigwavedave] 20/8/2017 23:20

RPS Group

Market value: £620m

RPS is an international environmental consultancy that advises clients on infrastructure and other developments. It also has a business that focuses on energy developments.

Catherine Stanley, lead manager of the F&C Responsible UK Income fund, said RPS was a “classic growth and income stock”.

The energy business has been under pressure because of the depressed oil price, which has led to subdued investment by oil companies, but there is now “recovery potential, with relatively limited downside left”. Additionally, some of its other business areas “are on an improving trend”.

The shares have risen by more than 50pc over the past year but the stock still yields 3.3pc, while the dividend was increased recently. The firm has also appointed a new chief executive, who isn’t “turning up to do nothing”, and Ms Stanley said there was the potential for RPS to make acquisitions to help growth.

[barnesian] 29/6/2017 15:42

RPS tipped today by Peter Stephens in Motley Fool.

[bigwavedave] 03/5/2017 17:46

From yesterday's Investors Chronicle:

IC TIP UPDATES:

Shares in RPS Group (RPS) are up more than 4 per cent this morning after a positive trading statement from the group. The group saw benefits from currency and a reduction in the level of reorganisation costs, which has led to performance in the first quarter of the year being “materially better” than the start of 2016. Net debt grew by £1m to £84.4m, but leverage was down to 1.4 times from 1.6 at the end of December. The group is now looking for acquisition opportunities. Buy.

[2acorn] 04/4/2017 21:37

Your welcome BWDave. we all support each other ....

[bigwavedave] 03/4/2017 10:59

2acorn, thanks:

[ragewarrior] 03/4/2017 09:03

Indeed , hopefully finish at 250p today..

[2acorn] 03/4/2017 05:42

This was tipped by Midas in Mail on Sunday yesterday

[matlad] 01/3/2017 14:49

Results day tomorrow. . Hopefully good things to come.

[bigwavedave] 14/2/2017 12:00

Another strong day :-)

[bigwavedave] 02/2/2017 12:13

Liberum Capital today reaffirms its buy investment rating on RPS Group PLC (LON:RPS) and raised its price target to 265p (from 230p).

Story provided by StockMarketWire.com

[barnesian] 02/2/2017 09:26

Good results.

"Towards the end of 2016 a significant proportion of the debt provided was recovered, resulting in the reversal of provisions totalling approximately GBP4.2m. Even excluding this provision reversal, the Group result was still well above current market expectations." "Well above" sounds promising.

"The Group's trading result for 2016, as measured by PBTA, approached the level of the 2015 audited result."

The 2015 PBTA was £51.8m. So we can work out the progression is something like:

1H 2015 £23.0M
2H 2015 £28.8m
1H 2016 £20.2m
2H 2016 £31.6m

Dividend unchanged. That makes sense for a year or two while they repair the dividend cover though I would expect them to re-institute a progressive dividend policy in due course. Ir will interesting to hear what they have to say about this in their full results.

Continued strong cash flow.

Very promising. Well done to the management and staff. They've been through a tough time and don't get much recognition.

[ragewarrior] 02/2/2017 08:15

Glad I kept the faith with this share nice +11% today... :-)

[barnesian] 16/1/2017 12:11

RPS is now up to 80/100 on the Stockopedia stock ranking so will now be appearing on many investors' shortlists. It is also on the Charles Kirkpatrick Bargain Screen.

Forward dividend yield is 4.3%.
Trading statement out soon.
I'm interested in the dividend policy under the new Chairman. I'm sure it will remain progressive but probably nearer 5% increase pa rather than the historical 15% pa which wasn't really sustainable. A 5% increase pa, if it is reflected in share price implies a 9.3% return (capital plus dividend).

[bscuit] 09/1/2017 19:04

IC Tip of year-- "Buy in slack water". Tip- Speculative, Risk High, Long term Timescale. I'm still slightly underwater, but IC is helping me!

[barnesian] 09/1/2017 16:03

A 40% gain in two months.

I don't think it is all because of oil prices. The non-oil business is worth a lot more than the oil business even at these higher oil prices. There will also be a positive exchange rate effect on both segments.

Not long to wait until the results in late January. I'll re-assess my valuations of the oil and non-oil businesses then based on the latest results. In the meantime ... enjoy the ride.

[18bt] 09/1/2017 10:20

IC tip of the year on Friday. Have dipped toe in water as I recent announcements from oil cos look like leading to some rise in spending. Operational gearing should click in later this year. Decent yield, but not too worried if that is cut even if there seems no particular reason to do so as debt very serviceable

[bigwavedave] 01/12/2016 15:03

Yes, it does look more positive now. Must be because of improved oil prices...

[barnesian] 01/12/2016 14:22

Just look at that chart! I think investors are not waiting for 27 Jan but are getting in now.

Back on 7 Mar on this Board, I said:

"Valuing the energy business on a P/E of say 6-8, with an underlying eps of say 3p, it is worth say 20-25p a share.

The non-energy businesses, growing at 20%+pa, with reasonable margins, diversified risk, I would expect to be trading on a P/E of say 15-20, with an underlying eps of say 14p. This values it at say 210-280p a share.

So in total I think it is worth about 230-305p a share. The low valuation of the energy business is disguising the valuation of the non-energy businesses.

The half year results are announced in six months time. If profits are down as predicted in this announcement (because of the energy business), there could be a really excellent buying opportunity if the market overacts downwards."

We have seen/are seeing the excellent buying opportunity as predicted, and I stand by my valuation of 230-305p a share.

[barnesian] 25/11/2016 10:02

Yes I think that's right. Last year there was a trading update on 27 Jan with the full results announced on 3 March.

The RPS November newsletter is just out which gives an interesting overview of various projects but no numbers.

hxxp://www.rpsgroup.com/resources/elements-November-2016/index.html#16

We have to be patient! I suspect interest in this share will perk up as 27 Jan approaches. Much more upside than downside I think.

[shoee62] 25/11/2016 08:22

Looking at last year, it doesn't look like there will be a trading update ahead of January's FY prelims..?

[deadly] 21/11/2016 14:40

nice 6% pop today bizarrely; resources strong?