Rs Share Discussion Threads

[philanderer] 25/7/2024 11:23

HSBC cuts RS Group to 'hold' - price target 810 pence

[philanderer] 12/7/2024 19:25

Jul. 12, 2024, 12:26 AM

In a report released today, James Rose from Barclays maintained a Buy rating on RS Group PLC , with a price target of £8.75

[philanderer] 11/7/2024 10:30

That's more like it :-)

Trading in the first quarter was in line with expectations. Group revenue grew 3% over the same period in the prior year and declined by 3% on a like-for-like basis, excluding acquisitions, foreign currency and trading days.

As trading conditions stabilise and comparatives get easier, the pace of decline in like-for-like revenue across all three regions continues to slow as anticipated.

[philanderer] 09/7/2024 15:24

Just clinging on to 700p.

[philanderer] 01/7/2024 19:25

Should be a trading update in july.

Chart support 677p ,then down to 483p

On the watchlist.

[philanderer] 01/7/2024 13:53

Bang on the line for being booted out of the FTSE100.

[philanderer] 25/6/2024 17:19

Time to sell up here and a few others.

[philanderer] 20/6/2024 10:32

Morgan Stanley cuts RS Group price target to 825 (875) pence - 'equal-weight'

[philanderer] 18/6/2024 09:58

JPMorgan reinitiates RS Group with 'neutral' - price target 780 pence

[philanderer] 17/6/2024 10:38

Threadneedle’s Smith tops up RS Group


Columbia 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

[philanderer] 12/6/2024 16:46

UT: 544k @ 730.5p

[philanderer] 12/6/2024 13:48

Strange shareprice behaviour again today.

Almost 700k printed so far

[philanderer] 11/6/2024 13:28

RS1 the only one of my twenty eight heading north today.

[philanderer] 11/6/2024 12:50

xd thursday morning for the 13.7p dividend

[philanderer] 05/6/2024 10:06

sub 700p at last.


Jefferies cuts RS Group price target to 900 (950) pence - 'buy'

[philanderer] 31/5/2024 10:41

UBS cuts RS Group price target to 730 (750) pence - 'neutral'

[philanderer] 30/5/2024 13:36

It's a mystery...... or even 600p

[dope007] 30/5/2024 13:31

Still don't understand how this is trading above 700p

[philanderer] 30/5/2024 13:16

Liberum cuts RS Group rating


Liberum has downgraded RS Group (RS1), formerly Electrocomponents, as its recovery has been pushed further out.

Analyst Sanjay Vidyarthi slashed his recommendation from ‘buy’ to ‘hold’ and cut the target price from 860p to 800p after the full-year 2024 results. Shares in the Citywire Elite Companies + rated electrical parts distributor retreated 9% to 728p on Wednesday and have shed more than 10% over the last 12 months.

‘We have not lost faith in the longer-term market opportunity and acknowledge that capitulation of what may be the “kitchen sink” moment may be dangerous,’ said Vidyarthi.

‘We knew that patience would be required and that RS would be less geared into a market recovery than peers. However, we had not expected margin dilution guidance for full-year 2025.’

He added that progress in the Americas ‘will be key’ but this looks to be a ‘multi-year fix’.

‘The recovery has been pushed out and a 17.3 times current year price/earnings is not cheap enough to compensate,’ Vidyarthi said.


citywire.com

[philanderer] 30/5/2024 00:23

And a good chance now of getting kicked out of the FTSE100 next week.

[philanderer] 29/5/2024 13:17

Up and down like a bride's nightie ;-)

[philanderer] 29/5/2024 09:52

RBC cuts RS Group price target to 900 (925) pence - 'outperform'

[philanderer] 23/5/2024 15:22

Just very strange shareprice action yesterday and today.

[essentialinvestor] 23/5/2024 13:51

RS is a good example of how a price chart can indicate fundamental wrakness yet to come.

SP began decling while still reporting pretty stellar results.

Outside bid possibility..?