All sold . Into cash. |
at last update they didnt say anything to state that mkt conditions are improving but they have done well on the cost side and thats what brought home the bacon in terms of cf. its on about 16 times the year to march '25 which isnt super cheap but these do have a bit of takeover premium in them still. its one that you expect sooner or later will get taken out so always worth having the ticker up. 24 was supposed to be the trough year, time will tell whether 25 is dragged into it or that the mkts it operates in final make a bottom. |
Bought in here today. . . Startinflg to look v oversold |
RBC cuts RS Group price target to 850 (900) pence - 'outperform' |
FORT WORTH, Texas, Dec. 12, 2024 /PRNewswire/
-- RS, a global product and service solutions provider for industrial customers, released a new version of DesignSpark PCB as part of its commitment to its 1.4-million-member community to continually develop and enhance its offer.
The latest version of this award-winning software, DesignSpark PCB version 12, is backed by the support of Infineon, Germany's largest semiconductor manufacturer, and introduces new features for both free and paid DesignSpark subscription plans. |
Another poor day.
For 2024 RS1 has been a rubbish investment -15% , and a 2.8% dividend. |
Bank of America cuts RS Group price target to 750 (800) pence - 'neutral' |
Barclays raises RS price target to 925 (875) pence - 'overweight' |
Investors Chronicle
RS Group drives efficiencies in a flat market
Cash flows have surged on the back of operational improvements
HOLD |
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. |
Gangbusters day :-) |
But lovely reaction this morning. |
Does not bode well for tomorrow's results |
Dog of the day.
sub 700p beckons.
Number 10 faller in the FTSE250 |
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 |
Yes , but these broker targets are usually on a 12 month view. |
And yet, "UBS raises RS Group price target to 750 (730) pence - 'neutral'". |
Heading for sub 700p |
 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 |
Top FTSE250 faller today
2.6 million shares traded
Added a few @ 720p |
Ah... downgraded
Deutsche Bank cuts RS Group to 'hold' (buy) - price target 830 (950) pence |
And even worse this morning . Hopeless
1 million printed so far today . This is being seriously dumped. |
Tw@tted today
700k traded |
Weak semiconductor market hitting the shareprice by the look of it |
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