Rs Share Discussion Threads

[essentialinvestor] 05/5/2023 14:41

Phil, I think IMI is an interesting one.

Would just say that it takes a pounding on risk off weeks and as such may be better looked at on share price weakness, rather than excitement.

Are we heading for a wider H2 slowdown? is perhaps a key question ATM, if so, there may be some increased equity volatility over the weeks ahead, but let's see.

[philanderer] 05/5/2023 14:13

Afternoon EI. I've got IMI on the watchlist :-)

[essentialinvestor] 05/5/2023 13:53

Hi Phil, thanks. I hold SMIN and also pleased with IMI, who updated yesterday.

[philanderer] 05/5/2023 00:38

EI, sorry to hear about your loss.

I'm happy to hold here. I've been in for over six years sub 500p . I like the company My own company always used RS Components for spares back in the day and they were always a very reliable company to use.

The same goes for SMIN who we did a lot of work for. A well run company.

[thorpematt] 04/5/2023 18:30

I guess this goes back to Steve Easterbrook (McDonalds) and that fiasco and the knock on effects for people in similar positions.

...positions with regard to business heirarchy that is (not those other sorts of positions that they get into).

[essentialinvestor] 04/5/2023 17:00

Phil, sold out on the CFO departure news, that's a red flag for me, taking a loss I should add.

[philanderer] 04/5/2023 16:41

Tuirning into a bit of a horror show this week.

[philanderer] 03/5/2023 09:50

RS Group down as CFO leaves after "personal relationship"

[philanderer] 28/4/2023 10:46

RBC raises RS Group price target to 1,050 (1,000) pence - 'outperform'

JPMorgan raises RS Group price target to 870 (820) pence - 'underweight'

[philanderer] 27/4/2023 10:46

RS Group buys Dutch distributor Distrelec for EUR365 million... looking good :-)


Distrelec website :

[philanderer] 19/4/2023 00:12

RS unveils partnership on unique energy-harvesting device as part of Earth Week

[philanderer] 17/4/2023 18:56

RS Group sits on top of the FTSE 100 risers benefiting from an upgrade by RBC Capital Markets.

The broker pointed out the stock has underperformed the FTSE100 by around 30% since peaking on bid speculation last August.

Growth expectations have reduced, the CEO and US management uncertainty has been removed, RS1 has done an excellent job on margins and valuation has come back to an attractive level, RBC believes.

“We continue to see RS as a long-term winner with the potential for further share gains and the strong balance sheet provides options in the current environment,” the broker added.

As a result, it upgraded the stock to 'outperform' from 'sector perform' with a 1,000p price target.

proactiveinvestors.co.uk

[philanderer] 17/4/2023 14:08

RS Group was lifted by an upgrade to ‘outperform217; from ‘sector perform’ at RBC Capital Markets, which said the risk/reward was now more favourable



sharecast.com

[philanderer] 17/4/2023 10:12

RBC raises RS Group to 'outperform' ('sector perform') - target 1,000 pence

[essentialinvestor] 06/4/2023 16:29

I've held off adding any, could possibly test the 12 month low if wider market volatility picks up?.

[essentialinvestor] 06/4/2023 15:30

That's the rub, as per RWA today, looks like conditions may be getting tougher. It could be that China reopening offsets some of this.

RS may have hit a speed bump on their...path to greatness..always beware corporate (insert word)

[disc0dave45] 06/4/2023 15:25

Do think they need to be more consistent with their trading updates. In Jan they said they would be at the top end of adjusted profit but didn't specify whether they meant operating profit or profit before tax. As it happened the market consensus range for adjusted operating profit in Jan was £356.8m to £384.1m.They've now said definitively that adjusted operating profit will be slightly above consensus with median consensus being £382m......so IMO nothings changed if you assume the forecast in Jan was referring to adjusted operating profit and the top end being say £384m (interesting that the forecast range for profits have increased by about 2% since the Jan update - is this down to fx?).I still have circa 60p eps for this FY so does seem to be undervalued based on historic ratings........but we are now entering a different macro environment.

[essentialinvestor] 05/4/2023 17:42

My worst performer today, fortunately a very small position but should have waited for the trading update, hindsight is wonderful, eh ;

[philanderer] 05/4/2023 17:22

Market report

In the FTSE 100, RS Group dropped 6.2%, making it the worst blue-chip performer at the close on Wednesday.

For the year ended March 31, the industrial and electronics products distributor said it saw 10% like-for-like revenue growth. For the fourth quarter alone, group like-for-like revenue improved 1% on-year, but slowed from 8% growth in the third quarter.

Consequently, Chief Financial Officer David Egan said that the firm anticipates full year adjusted operating profit to be ‘slightly ahead of consensus expectations.’

RS said adjusted operating profit consensus stands at £382.0 million, which, if achieved, would represent growth of 19% from £320.4 million the prior year.

[philanderer] 05/4/2023 10:02

9 month low just hit.

Chart support around 810p

[philanderer] 05/4/2023 09:29

Morning EI.

That update hasn't gone down well.

Luck with your trade.

[philanderer] 30/3/2023 10:58

Messed that up. Trading update 5th april

[philanderer] 28/3/2023 11:16

RS unveils Better World product range to help customers select more sustainable products

[philanderer] 25/3/2023 20:00

Trading update thursday.