Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Rs Group Plc | RS1 | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -10.00 | -1.40% | 702.00 | 11:30:45 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 695.00 | 695.00 | 707.50 | 712.00 |
| Industry Sector |
|---|
| SUPPORT SERVICES |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 07/11/2024 | Interim | GBP | 0.085 | 21/11/2024 | 22/11/2024 | 03/01/2025 |
| 22/05/2024 | Final | GBP | 0.137 | 13/06/2024 | 14/06/2024 | 19/07/2024 |
| 07/11/2023 | Interim | GBP | 0.083 | 23/11/2023 | 24/11/2023 | 05/01/2024 |
| 23/05/2023 | Final | GBP | 0.137 | 15/06/2023 | 16/06/2023 | 21/07/2023 |
| 03/11/2022 | Interim | GBP | 0.072 | 24/11/2022 | 25/11/2022 | 06/01/2023 |
| 24/05/2022 | Final | GBP | 0.116 | 16/06/2022 | 17/06/2022 | 22/07/2022 |
| Top Posts |
|---|
Posted at 07/11/2024 17:43 by philanderer On the FTSE 250, RS Group soared 12% after backing guidance despite trading in the first-half being ‘tougher than anticipated’.Despite this, RS noted that it had realised faster than expected cost savings, improved execution and cash conversion and a stabilisation of sales per day. Inline with its progressive dividend policy, RS lifted the interim dividend by 2.4% to 8.5p per share from 8.3p the previous year. |
Posted at 21/10/2024 13:04 by philanderer more from last week's Deutsche note....Deutsche downgrades struggling RS Group Deutsche Bank has downgraded electrical components distributor RS Group (RS1) as a ‘subdued market’ hampers its recovery. Analyst David Brockton cut his rating from ‘buy’ to ‘hold’ and reduced the target price from 950p to 830p on the Citywire Elite Companies + rated company, formerly known as Electrocomponents, which fell 5.6% last week to 733.5p. A third-quarter update indicated ‘mixed regional performances but consistent subdued demand’ and the ‘original equipment manufacturer’ backdrop also appears to be weakening’. ‘We previously hoped RS could potentially beat full-year 2025 guidance for flat like-for-likes through increased stability and improving markets into year-end, but weak PMIs and poor peer trading increase downside risk,’ said Brockton. He forecast first-half 2025 like-for-like revenues down 1%, implying just 3% growth in the calendar year. Citywire |
Posted at 17/10/2024 19:01 by philanderer Details...Deutsche Bank adjusted its stance on RS Group Plc (RS1:LN), downgrading the stock from 'Buy' to 'Hold' and reducing the price target to £8.30 from the previous £9.50. The revision follows observations of the company's third-quarter performance, which showed mixed regional results and consistently subdued demand. The bank's analysis highlighted a disparity in industry sectors, noting that while Fastenal (NASDAQ:FAST) reported a modest increase in daily sales, there was a significant decline in reseller performance and a contrasting strength in safety sales. This mix is seen as unfavorable for RS Group, which has less involvement in the stronger-performing safety sector. Further concerns were raised by the performance of Rexel, which saw a decline in daily sales growth, particularly in Europe, and more specifically in the DACH region—a market that RS Group has recently increased its exposure to by approximately 40% through the acquisition of Distrelec. Deutsche Bank had previously anticipated that RS Group could potentially exceed its fiscal year 2025 guidance for flat like-for-like sales. However, recent weak Purchasing Managers' Index (PMI) data and poor trading among peers suggest there is now an increased risk of underperformance. For the first half of fiscal year 2025, Deutsche Bank forecasts like-for-like revenues to decline by 1%, with a projected growth of around 2% for calendar Q3, attributed solely to softer comparative figures from the previous year. Nevertheless, operating margins are expected to decrease by 160 basis points to 9.2%, reflecting the annualization of the Distrelec acquisition. Consequently, operating profit is predicted to fall by 13% to £134.8 million, profit before tax (PBT) by 16% to £119.5 million, and earnings per share (EPS) by 17% to 18.6 pence. investing.com |
Posted at 30/9/2024 09:57 by philanderer Deutsche: RS Group charging upRS Group (RS1) looks to be in better shape than some of its industrial peers but short-term demand remains subdued, says Deutsche Numis. Analyst David Brockton retained his ‘buy’ recommendation and target price of 950p on the Citywire Elite Companies + rated electrical component distributor, formerly known as Electrocomponents, which climbed 1.3%% to 841p on Friday. Brockton said the absence of a formal trading update at its capital markets day was ‘a positive after recent warnings from some industrials’ and management indicated it was trading as expected. ‘Unlike others, we believe RS has benefited from more cautious guidance, for flat like-for-likes against weak comps in full-year 2025,’ he said. ‘Nevertheless, we expect the short-term demand backdrop to remain subdued, with risk elevated given trading is typically lagged to purchasing managers indexes that have softened.’ There are opportunities to increase market share and drive business but the ‘biggest positive’ was confirmation of further cost efficiencies that aid ‘credibility in the ambition to improve operating margins from 10.6% to 15%’. ‘Assuming the medium-term relates to five years, this sets the scene for cycle and self-help potential,’ said Brockton. citywire.com |
Posted at 10/9/2024 18:54 by philanderer FORT WORTH, Texas , Sept. 9, 2024 /PRNewswire/-- RS, a trading brand of RS Group plc (LSE: RS1), a digitally enabled global distributor of product and service solutions for industrial customers, is now an authorized distributor for Sifam Tinsley Instrumentation, a trusted supplier of high-quality electrical measuring instruments. |
Posted at 10/9/2024 09:11 by philanderer Threadneedle: RS Group poised for reboundRS Group (RS1) is set for the cyclical rebound in manufacturing as well as growth in demand for electronics, says Jeremy Smith of Columbia Threadneedle. Smith holds the Citywire Elite Companies + rated electrical product distributor, previously known as Electrocomponents, in his £132m CT UK Equity Alpha Income fund, where it is the fourth-largest position making up 4.7% of the portfolio. The group reported an in-line quarterly update despite a challenging economic backdrop and management said it ‘expects trading conditions to stabilise over the rest of the year’. ‘We believe the company is well positioned to gain from a cyclical rebound in manufacturing activity,’ said Smith. ‘We also feel that RS Group is set to benefit from a recovery in demand for electronics over the rest of 2024. In addition, heading into 2024/25, we are optimistic that the company can implement measures to cut costs and increase operational efficiencies and thereby offset risks in the macroeconomic environment.’ On top of this, the company ‘boasts strong cash conversion and consistent market-share gains’, said Smith. ‘The industry is fragmented, and RS Group enjoys a sustainable advantage through scale as the biggest player within the space,’ he said. The shares rose 1.9% to 774.5p yesterday. CITYWIRE |
Posted at 06/8/2024 14:04 by philanderer FORT WORTH, Texas - RS, a trading brand of RS Group plc (LSE: RS1), a digitally enabled global distributor of product and service solutions for industrial customers, added two new suppliers to its expansive line card: Lincoln Industrial, an SKF brand, and MTE Corporation. |
Posted at 17/6/2024 09:38 by philanderer Threadneedle’s Smith tops up RS GroupColumbia Threadneedle manager Jeremy Smith has topped up his position in RS Group (RS1) as demand for electronics continues its upward trend. The Citywire Elite Companies + rated electronic component distributor, which was formerly known as Electrocomponents, is the fifth-largest holding in Smith’s CT UK Equity Income fund, where it makes up 4% of the £3bn portfolio. He increased his exposure as he believes ‘the company is well positioned to benefit from a cyclical rebound in industrials; recent indications point to a recovery in manufacturing in the US and China.’ Smith said that RS Group is also ‘set to benefit from a recovery in demand for electronics over 2024’. ‘In addition, we are encouraged by the management’s cost-cutting programme and plans to increase operational efficiency,’ he said. ‘RS Group enjoys strong cash conversion and consistent market-share gains. The industry is fragmented, and the firm has plans for several value-adding acquisitions.’ The shares fell 0.8% to 700p on Friday, extending losses to 12% over the last 12 months. citywire.com |
Posted at 11/6/2024 12:28 by philanderer RS1 the only one of my twenty eight heading north today. |
Posted at 11/6/2024 11:50 by philanderer xd thursday morning for the 13.7p dividend |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
