Rs Share Discussion Threads

[apollocreed1] 18/8/2023 10:02

What happened today to the share price? A nearly 5% drop is hard to understand on no news.

[philanderer] 18/8/2023 09:55

CEO purchase on 27th july... 16,400 at 7.599285 = GBP 124,628.27

unlucky timing.

[philanderer] 31/7/2023 10:45

Barclays cuts RS Group price target to 1,000 (1,150) pence - 'overweight'

[philanderer] 28/7/2023 10:58

£125k buy from the CEO

[philanderer] 27/7/2023 12:10

A softish update but happy to hold.

[philanderer] 25/7/2023 14:17

RS further expands DesignSpark capabilities with new Product Design Centre

[essentialinvestor] 06/7/2023 12:18

Phil, market appears to be expecting some type of warning here.
obvs does not mean the market is right on that, let's see.

[philanderer] 05/7/2023 09:50

Today's fall...

Berenberg cuts RS Group price target to 940 (1,050) pence - 'hold'

[lemming1] 03/7/2023 09:24

CEO and CFO have left in the last year - perhaps markets think there might be some as yet undeclared issue.

[philanderer] 30/6/2023 00:28

EI, beats me. Can't find a thing that has caused the sell-off.

[essentialinvestor] 29/6/2023 16:56

What the hell is going on here - the market questioning the longer term outlook
re increasing competition from Amazon..? or something else.

[philanderer] 29/6/2023 10:09

Peel Hunt: RS Group is ‘interesting’ despite headwinds


Electronics supplier RS Group (RS1) is facing gathering headwinds, but Peel Hunt says the shares still ‘look interesting’.

Analyst Henry Carver retained his ‘buy’ recommendation but reduced the target price from £11 to £10 on the Citywire Elite Companies plus-rated group, formerly known as Electrocomponents. The shares fell 0.6%, or 4.6p, to 755.8p on Wednesday.

Full-year results were in line, with revenues up 17% and profit up 25%, but Carver said ‘some trading headwinds gathered strength during the second half, and they look likely to persist into full-year 2024 against tough comps.’

‘We are downgrading our forecasts to reflect slower trading, fewer trading days, and a forex headwind, plus higher interest and tax charges,’ he said.

‘While the downgrade is fairly material – 8% to full-year 2024 earnings per share – the fundamental remain unchanged, in our view, with market share gains ongoing.’

The shares trade on a price-to-earnings of less than 13 times and Carver said ‘we believe the shares look very interesting’.


citywire.com

[philanderer] 28/6/2023 20:01

Omron Automation Americas honors RS Group as National Partner of the Year

[philanderer] 20/6/2023 14:11

RS Group releases report on its activities and strategy for Environmental, Social and Governance

[philanderer] 15/6/2023 10:40

xd this morning for the 13.7p dividend

[philanderer] 03/6/2023 00:15

Amazon bearing down on RS Group, says Shore Capital


Electronics distributor RS Group (RS1) has enjoyed margin uplift since the pandemic, but Shore Capital warns longer term it will come under pressure from Amazon.

Analyst Tom Fraine retained his ‘hold’ recommendation and ‘fair value’ target price of 820p on the stock, which is plus-rated by Citywire Elite Companies. which fell 7.2%, or 61.6p, to 791.2p on Tuesday.

‘RS Group’s adjusted operating margin has uplifted since the start of the Covid-19 pandemic,’ he said.

‘We believe distributor margins may normalise by a greater extent than is forecast by consensus as supply chain issues resolve and smaller competitors are better able to source products. This would prevent larger distributors charging unsustainable premium prices, while the benefit of selling products that were bought 12-plus months prior to selling them for much higher prices in an inflationary environment is likely to diminish.’

In the medium to long-term, Fraine said Amazon Business is a ‘threat to potential future market share gains, due to its scale and ability to deliver products very quickly, an important offering for RS Group’.


citywire.com

[apollocreed1] 30/5/2023 00:50

About 2 weeks ago, some of the staff that I know in the finance department of Ultra suggested what Simon Pryce would do. His speciality is to take jobs where he streamlines a company's divisions in order to make it easy and attractive to private equity bidders.

Before that he attempts to acquire a large personal shareholding at a discounted price, so he talks down his company until the price falls and then swoops in to buy. He did this at Ultra - despite announcing good results he gave negative forward guidance in order to push the price down, and then he picked up a large holding at a cheap price.

He has now done the exact same thing with RS1. I wouldn't be surprised if his negative guidance was a complete fabrication. This kind of behaviour is a form of market manipulation, but you can never convict a director of this because they can always claim they were expressing a sincere opinion on the company's prospects.

At least once you have his number you know that, unlike some CEOs, there really is a plan and buying now is a good deal.

Liberum Price target is 1460p: hxxps://www.ii.co.uk/news/in-the-know-rs-group-has-many-levers-to-pull-according-to-liberum-al1685134652482414700

[philanderer] 26/5/2023 22:01

Non exec purchase £92,000 of shares

[philanderer] 26/5/2023 10:31

JPMorgan cuts RS Group price target to 810 (870) pence - 'underweight'

[krutt] 24/5/2023 12:15

I topped up this morning. Under £8 is a buy for me. Hope i called it right.

[philanderer] 24/5/2023 10:02

Director buying

[charlotte2020] 23/5/2023 21:00

Ridiculous reaction to what are good results and the statement re outlook is hardly a surprise. Overseas bidders must be looking

[philanderer] 23/5/2023 17:02

Profits up for RS Group but tougher conditions lie ahead

[krutt] 23/5/2023 11:03

This is an overeaction to good results with one dark spot. No doubt this is a good time to buy as i can see them picking up from here fairly quickly IMO.

[philanderer] 23/5/2023 09:45

Typical market reaction to pretty good results🙄8580;