Share Name Share Symbol Market Type Share ISIN Share Description
Rps Group Plc LSE:RPS London Ordinary Share GB0007594764 ORD 3P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 105.00 159,807 16:35:13
Bid Price Offer Price High Price Low Price Open Price
104.00 107.00 108.00 102.60 108.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 612.60 4.84 -0.55 291
Last Trade Time Trade Type Trade Size Trade Price Currency
17:55:59 O 781 104.152 GBX

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Rps (RPS) Discussions and Chat

Rps Forums and Chat

Date Time Title Posts
08/6/202108:18RPS with News513
09/1/201710:20rps solid stuff468
12/2/200721:47RPS - Recovery and a rosy future169
02/4/200420:56RPS - The New Dog of Support Services - 90p target2
01/8/200315:03RPS results not UTIF 34 compliant?19

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Rps (RPS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-06-11 16:56:00104.15781813.43O
2021-06-11 15:40:37105.0047,85150,243.55O
2021-06-11 15:36:02105.007,2457,607.25AT
2021-06-11 15:35:13105.008,8329,273.60UT
2021-06-11 15:29:47104.0033.12AT
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Rps (RPS) Top Chat Posts

Rps Daily Update: Rps Group Plc is listed in the Support Services sector of the London Stock Exchange with ticker RPS. The last closing price for Rps was 105p.
Rps Group Plc has a 4 week average price of 91.30p and a 12 week average price of 85.10p.
The 1 year high share price is 108p while the 1 year low share price is currently 36.65p.
There are currently 277,510,925 shares in issue and the average daily traded volume is 961,422 shares. The market capitalisation of Rps Group Plc is £291,386,471.25.
cassini: Will it get through 100p this time? The 'round number' effect is working against RPS at 100p.
fredders7: 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://
norbert colon: Some useful snippets in here for RPS investors -
dr biotech: 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: 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.
norbert colon: piece and despite 17% of 2020 sales coming from renewables, a healthy O&G sector will always be a favourable tailwind for RPS
cassini: I see the dividend was as high as 9.88p/share before COVID. That would be a yield of over 10% even at today's price, let alone if holding these from a lower price. Not that I suppose they'll reinstate that level of dividend for 2021. More like a reduced divi more in line with the current share price, maybe with a progressive increase policy going forward. Given the share price for RPS was roughly 200-250p when it was paying out a 9.88p dividend (i.e. about 5%) I'll stick my neck out and predict a 2021 dividend of 4-5p.
fredders7: Great article. Having been a reader on here and a follower/investor of RPS for last 3 years its hard to summarise the entirety of my thoughts. In big agreement with the board investment, they own a significant amount of shares including at prices well above 100p and so are heavily incentivised to bring the share price back to these heights. Essentially what RPS has done since the last CEO is via a massive revamp, turn a bit part dinosaur company into a modern machine fit to compete with the likes of ARUP and Mott Macdonald etc. Ie Create staff performance reviews & rewards, efficient IT systems, emphasis sharing synergies between different business sectors within the company. The transformation of the branding and website etc is a prime example of this. Throughout this time period the share price has been decreasing because to deliver this strategy has reduced reported profit, which has presented opportunity to buy cheaper and reap the benefits a few years down the line on the basis this strategy will come to fruition. If not for covid then the returns from this strategy were expected to start coming through this year. I expect in time (1-2years maybe) the added profitability and the beginning of increased organic growth coming from these measures the board expect, to also combine with Covid disappearing and the return of dividends to create the perfect storm to increase prices. Added to this is the high probability of big frameworks wins for the new AMP cycle (water side of the business which forms a good portion of profits) which has been in a transitional phase the last two years and has meant lower profits from this sector. The possibility of these outcomes are then backed by Norberts excellent tetra tech M&A prediction creating a double stringed strong likelihood of what I see as the potential to make enormous gains within the next 1-3 years, which would be upwards of 400% on the 30p I paid for a decent holding. The reason why the share price recently is so low is of course because there has been no reason to invest other than expected recovery in value across this investment horizon -there has been no dividends, no increasing profitability, and opportunity cost has led to others ignoring this stock.
norbert colon: From Gresham House Strategic interims as out earlier this week:RPS Group plcWe added another core holding to the portfolio in September, participating in the GBP20m liquidity raise by RPS Group plc and built a c.6% weighting in the company in the process. RPS Group plc is an environmental planning and consultancy business serving the infrastructure, energy, transport and property sectors, tapping into some key growth drivers such as urbanisation, infrastructure spend and renewables. Significant revenues are derived from the public sector which should benefit from increased government spending. Our investment case centres around operational improvements driving margin recovery to sector averages, a repaired balance sheet and, following post-COVID recovered sales levels, improved organic growth delivery. There has been significant consolidation activity in the sector. RPS Group plc was two years into a turnaround under a new management and Board, with green shoots emerging just as COVID-19 struck. The fundraise has allowed us to gain exposure to the upside that the earnings recovery can deliver after much of the 'heavy lifting' has already been undertaken
norbert colon: For anyone who works in this sector and follows it closely like myself (including M&A history) it’s worth reflecting on the WYG/Tetra Tech deal last year. Prior to announcement of the deal in May 2019 the shares were trading at circa 15p (mcap of GBP11m). With net debt of GBP10m the EV was circa GBP 20m (2 x mcap). Terra Tech paid 55p share, valuing the WYG Group at GBP 43.4m (78.9m shares) or ~0.3 x FY19 sales (low by peer Group comparison) Taking a look at RPS, it’s currently valued at GBP106m with an EV of GBP 206m when taking Group debt into account (2 x mcap as per WYG). With sales for FY20 now f/c at GBP 465m, a 0.3 x sales multiple would value RPS at GBP 140m (62p), a 32% premium to the current share price of 47p. This supports the current Liberum TP of 60p. With John Douglas (CEO) and other senior managers having bought a considerable amount of stock in the market over the last 9-12 months at prices from 100-140p, I anticipate any M&A (when it happens) to be at a much higher valuation than 60p but it will need sales to stabilise (or preferably return to growth) and net debt to be reduced. This will happen but it will take time. In the interim I can’t see the share price retesting the recent all-time lows unless there is a serious deterioration in trading or some other factor. The increased banking facilities (whilst at a fairly chunky cost) provide much-needed breathing space for mgt to focus their efforts on operations and clients. A positive update for shareholders and well done to those who took advantage of the recent share price weakness. I certainly did. Some of you may also be aware that John Douglas used to be MD of Coffey (Aus) who themselves were acquired by Tetra Tech in 2015. History doesn't repeat itself but it often rhymes....
Rps share price data is direct from the London Stock Exchange
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