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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Rs Group Plc | RS1 | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -11.00 | -1.54% | 701.00 | 15:34:04 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 695.00 | 694.00 | 707.50 | 712.00 |
| Industry Sector |
|---|
| SUPPORT SERVICES |
| Top Posts |
|---|
Posted at 08/11/2024 00:22 by philanderer Investors ChronicleRS Group drives efficiencies in a flat market Cash flows have surged on the back of operational improvements HOLD |
Posted at 22/5/2024 23:25 by philanderer Investors ChronicleRS Group: recovery story needs spark in electronics market End markets for components distributor remain weak ...Shore Capital analyst Tom Fraine cut his profit forecast for the current financial year by 12 per cent and said he expects brokers' consensus views to fall by the same amount. RS Group’s shares trade at 17.3 times forecast earnings – a discount to their five-year average of 18.3 times, but not a big enough one to buy back into what remains a recovery story. Hold |
Posted at 10/11/2023 00:18 by philanderer RS Group fundamentals are ‘sound’, says LiberumInvestors may need to be patient with RS Group (RS1), formerly Electrocomponents, but ‘sound fundamentals’ mean a rerating is in reach, says Liberum. Analyst Sanjay Vidyarthi retained his ‘buy’ recommendation but reduced the target price from £14.60 to 890p on the Citywire Elite Companies + rated electronic component distributor, which was trading at 687p on Wednesday. The group had a ‘difficultR ‘The new management team has not seen a need for wholesale change to the strategy and reiterated its view on the consolidation and margin opportunity,’ he said. ‘Initiatives are under way to improve operational focus and efficiency, with benefits starting to come through in full-year 2024.’ Vidyarthi cut his 2024 profit-before-tax forecast by 23% to ‘reflect tougher market conditions, restructuring costs and higher interest’. ‘Patience may be required for a rerating but the fundamentals are sound,’ he said. citywire.com |
Posted at 08/11/2023 00:46 by philanderer Investors Chronicle:RS Group shake-up could save £30mn a year Hold |
Posted at 02/1/2023 00:00 by philanderer RS GroupRS Group, the industrial equipment maker formerly known as Electrocomponents, welcomed Mawer Investment Management on to its shareholder register in December, it was revealed last week. Canadian firm Mawer took a 5.1 per cent stake in RS – which is one of the FTSE 100's non-household names. But, awkwardly for RS, the transaction came shortly before it published its light-hearted review of the year in the form of a poem in Canada's Financial Post publication. Mawer tells readers: 'Stay calm and prepare. Continue thinking long term. Choose "boring" over flare.' Ouch. |
Posted at 03/11/2022 23:54 by philanderer Investors Chronicle:RS Group relishes calm before the storm The industrials and electronics distributor reports a strong first half of the year, but trouble is brewing on several fronts RS Group’s (RS1) first-half results showed an uptick in both revenue and profits – in addition to consensus-beating earnings per share and gross margins. So why did its share price slump more than 8 per cent on the day of its interim report? The answer lies in investors’ assumption that there is trouble in the group’s upper ranks. Alongside its interim results, the group also revealed that its CEO, Lindsley Ruth, would be taking an immediate leave of absence for personal reasons. According to Jefferies analysts, the shares pulled back by around 10 per cent last time this happened in November 2019. But the group’s underlying business remains healthy – at least for the moment. Its first-half free cash flow figure of almost £112mn was 10 per cent above expectations. Return on capital employed – a ratio that measures a company’s ability to use capital to generate profits – improved by 6.7 percentage points. RS said that trading over the first four weeks of the second half has been in line with its expectations. However, Jefferies recently downgraded earnings per share estimates to 8 per cent below consensus for the 2024 financial year. Analysts have said that short-cycle headwinds have only been gathering since. “Semiconductor warnings have proliferated, driven by a slowdown in demand for personal devices and exacerbated by US action to rein in China’s chipmaking power,” they wrote in a 3 November note. The analysts also noted that this weakness was broadening out into industrial equipment and the manufacturing the Purchasing Managers' Index has further softened. The shares are currently trading at nearly 16 times earnings, far lower than the company’s five-year average of 21.5 times, but we think they may yet have further to fall. Hold. |
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