Rps Share Discussion Threads

[rrr] 06/8/2007 10:14

If anyone is interested I have started a new thread 'RPS with News' which has the News section included. No prob if people want to stick here but it's there if you want.



rrr

[rrr] 06/8/2007 10:12

No disrespect to the old thread but I find it useful to have the News section.

rrr

[rrr] 06/8/2007 10:07

Just so there is a thread with News.

[melody9999] 06/8/2007 08:04

another acquisition!

[mkloos2] 01/8/2007 09:28

Let's hope so.

[melody9999] 01/8/2007 00:29

Just so we are clear on what the company did say:

The Board of RPS announces that the Interim Results for the first half of 2007
will be published on 7th August 2007 at 7.00am.

At the time of its Annual General Meeting (24th May 2007) RPS provided a trading
update. Trading since then has continued to be encouraging and the Board,
therefore, still expects that the Interim Results will be good.


Last year the share price had an orderly upward path even during overall market corrections - this year we may have some shorter term traders dipping in and out - or insts buying whilst others sell.

But nothing from the Board to suggest growth is not continuing and therefore after the recent consolidation the next results may spark the next upward move.

[mkloos2] 31/7/2007 13:06

Nice bounce back to where we were. Quicker than some of my other holdings as well which is a relief.

[bletherer] 26/7/2007 12:21

Should be good support at 320 as that provided resistance on the way up and then offered support in the dip in April. Having broken below the 50 MA for the first time in a year and a half I would be very surprised now if we don't go back at least that far, as there's a definite tendency for stocks to let off some steam when they breach an important level after a long move in one direction.

[dull gull] 24/7/2007 15:02

The upcoming interims will soon tell us where we stand. The consensus forecast earnings figures I'm looking at have 14.05p (+18%) for 2007 and 15.77p (+12%) for 2008.
These figures probably attempt to reflect the growth profile of RPS once Energy beds-in and ends its sharp rises of 2005/06 which were, in large part, step changes following particularly advantageous acquisitions.

The AGM statement did not talk of expectations - either hitting, exceeding or missing them - so one can only assume the figures are roughly in line with expectations. Nonetheless the tone of the statement was bullish and nothing negative was flagged up. Maybe top end of expectations is what we should expect. Don't know what that would do to the share price but in time it won't matter; earnings growth is what matters if you're in for the long haul. Sell when EPS is over 20p and you'll get a tidy price - all you have to do is wait...

[peaeff] 24/7/2007 12:50

Valid points taken and I agree with you. I have other bolt holes to go to as and when I feel value is about to be lost. I never expected this calm to carry on for such a prolonged period here, but in all honesty my usual bolt holes have fared no better. That is why I have stuck and, with results soon, hope I have done the right thing.

regards PF

[bletherer] 24/7/2007 12:02

Sorry that was a bit longwinded, the basic point I wanted to make is that RPS doesn't on its current rating need a "downturn" in the business to cause a shareprice crash, just for annualised growth to revert to "only" 10% rather than 20%.

[bletherer] 24/7/2007 12:00

RPS has been consistently outperforming broker expectations recently which is of course great for the share price but does mean that it's becoming increasingly richly rated as people start expecting it to beat consensus forecasts ad infinitum. Currently the broker consensus I have is that full year eps for 2008 will rise by around 11% to 15.5p yet the forward P/E is 22, which indicates that the market does not believe this forecast and expects continued forecast-beating performance, to 16p or above. As soon as RPS just delivers or clearly indicates it is "only" going to deliver "in-line" profit growth the share-price will take a sharp nosedive as expectations get readjusted back downwards. The fact that the share price rise has so outstripped the increase in dividend also means that there is no yield case for holding this stock, just expected continuing capital growth which would accentuate the rush for the exits if that share price growth goes into reverse. Normally I wouldn't be caught dead holding a stock like this as I naturally gravitate towards value and suffer vertigo once the ratings get this high at the prospect (which I think is very real) that a slight dip in performance could instantly knock 20%+ off my investment. But I have taken some profits on the way up and basically I think RPS is a great company in a growth area, which is worth a long-term hold. I do expect some serious turbulence at some point because no-one goes on busting expectations forever, but of course I have no way of knowing when that point is going to come and I would feel very stupid if I dumped my entire holding only to find out that RPS in fact went on outperforming for several years more.

[peaeff] 24/7/2007 08:54

Bletherer

I'm not a chartist but I do take on board what you are saying and you have a valid point.

Since touching a high of around 364p, which obviously was not sustainable as evidenced by the recent pull back of around 5%, the only news we have had is, what I considered to be, a most misleading trading statement, inasmuch it said very little apart from 'results will be good'. That in itself says nothing, whether intended or not I can't say, and nothing is exactly what we have had since. In fact we have had very little to get our teeth into since the acquisitions in March. Some company's like to tell shareholders when lucrative contracts are secured, and others don't, but to go 4 months with no positive news, IMHO, wont get the share price racing whatever the share.

I cannot for the life of me believe that there has been any downturn in business and I do expect results to make a significant difference to the share price
However, it may well now be pushing things somewhat to be thinking in the region of 400p, which at one stage I was confident we would have achieved.

I suppose every company has these points of re-adjustment, especially one which has risen like RPS, so the next set of results will be the best guide as to whether a period of consolidation is to be the order of the day or, whether we are to progress to new levels.

Regards PF

[bletherer] 24/7/2007 01:38

Peaeff - though the correction has been mild so far it has been quite long-lasting by RPS's recent standards, long enough that it's now dipped below the 50 SMA for the first time since the major bull run started in early 2006. Still only marginal and so too early to draw a clear conclusion but if you stick a 50 SMA on the RPS chart you will see for yourself that it has bounced off it literally a dozen times in the course of the last 18 months. For reasons I never quite understand different trendlines/averages seem to work for different stocks, but the 50 SMA is definitely pretty important for RPS so to lose it definitively would suggest to me we're liable to then get a pullback to the 200 over the next few months (that is at around 300 currently but rising of course).

[peaeff] 23/7/2007 21:57

We have gone through a period of quiet contemplation or one could even say the lull before the storm. Not too long to results which we are told will be 'Good'. Share price IMHO has only retracted in line with F250 so far.

[zap217] 23/7/2007 13:17

Closed my long on this. The upward trend seems to be breaking.

[mkloos2] 17/7/2007 16:53

Thanks Capn. Sorry for the lack of research but it's a busy day in the office today!

[capntubs] 17/7/2007 16:34

mkloos - I'm sure you could have found this without too much trouble, however ....


Rps Notice of Results


RNS Number:1729Z
RPS Group PLC
28 June 2007



RPS GROUP PLC
("RPS" or "the Group")


Advance Notice of Interim Results for the Six Months ended 30 June 2007


The Board of RPS announces that the Interim Results for the first half of 2007
will be published on 7th August 2007 at 7.00am.

[mkloos2] 17/7/2007 08:45

What has happened to the share price Just as I buy in, it stalls (at least it's not gone down)!!! Anyone aware of any news that might start this one off again??

[melody9999] 10/7/2007 23:50

Cap 259 - great chart and analysis thanks

[indieman] 04/7/2007 07:34

Lovely simple chart.

Symetrical triangles, ascending triangle, rectangle, small Head and Shoulders and a big triangle/Head & Shoulders continuation pattern and nice trendlines.

[peaeff] 03/7/2007 21:25

CapnTubs

I make no secret of the fact that I understand very little about charts. Nevertheless I shall try very hard to absorb what you have detailed above.

On a personal note I am well pleased with the performance since I have been invested, and in particular with the performance over the past two or three weeks. I saw a similar pattern to this with another stock, in which I was also invested, and believe me that progressed very quickly once momentum took over.

I do tend to read announcements very carefully, especially those from management, in order to extract the 'hidden factor' so to speak. My comments in message 257 lead me to believe that the update was hiding, purposely or not, the upside behind the figures but I suppose I shall be found right or wrong on 5th August.

I shall be a little disappointed if we don't top 400p at results.

Regards PF

[capntubs] 03/7/2007 13:36

Looking longer term (monthly) RPS took 8 years to multibag 40 times (from 5p equivalent before split to 200p) then 6 years frankly going nowhere. It's move from the breakout at 200 to where we are today ie over the last twelve months, is therefore not that enormous.