Rs Share Discussion Threads

[keyno] 26/1/2024 13:04

Yes please!

[philanderer] 26/1/2024 10:59

RBC cuts RS Group price target to 925 (950) pence - 'outperform'

[philanderer] 25/1/2024 10:12

Struggling, that's a pretty weak update.

[philanderer] 19/1/2024 00:23

FORT WORTH, Texas, January 17, 2023

– RS, a trading brand of RS Group plc (LSE: RS1), a global provider of product and service solutions for industrial customers, offers Festo’s extensive portfolio of flexible, cost-effective, and user-friendly electric automation products for process control and factory automation applications.

The Festo product portfolio features one of the industry’s most comprehensive selections of electric automation solutions and includes a wide variety of linear and rotary mechanical systems, servo drives and motors, industrial and motor control solutions, automation systems, sensors, and grippers engineered to enable the seamless connectivity essential to Industry 4.0 facilities and automate everything that moves on a single, unified platform.

[philanderer] 05/1/2024 19:40

Vague reason..

“The bulk of the FTSE 100 was in the red, led by Endeavour Mining on the sacking of its CEO, followed by economically sensitive stocks IMI, Mondi and RS Group.”

[krutt] 05/1/2024 17:30

Very dissapointed with todays drop after a reasonable recovery. Can not understand why.

[philanderer] 05/1/2024 11:27

Big hit on this one this morning , largest percentage drop in my portfolio.

Dividend paid into the account today helps a little.

[philanderer] 12/12/2023 17:08

Shell , Aviva and Standard Chartered are among the 2024 top picks after City bank Jefferies named 24 favoured European stocks where its view differs from the consensus.

The list also highlights the recovery potential of Prudential and components supplier RS Group

The past year has seen multiple headwinds for RS Group, but Jefferies expects next year to be better due to recovery in the electronics cycle, sharper operational execution under a new management team, and completion of a £30 million cost savings programme.

The shares trade close to a trough of 15 times earnings compared with 13-26x through the cycle, but Jefferies has a target price of 950p based on considerable spare capacity in a fragmented and consolidating industry.


ii.co.uk

[philanderer] 10/11/2023 11:05

Berenberg cuts RS Group price target to 840 (940) pence - 'hold'

[philanderer] 10/11/2023 00:18

RS Group fundamentals are ‘sound’, says Liberum


Investors 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 ‘difficultR17; first half, with profits down 25%, which was ‘broadly as expected’, and Vidyarthi said the ‘exit rate coming out of the second quarter has not improved’.

‘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

[philanderer] 09/11/2023 14:18

Barclays cuts RS Group price target to 875 (1,000) pence - 'overweight'

[philanderer] 09/11/2023 00:19

CEO buy tuesday...

22,500 @ 647p

[essentialinvestor] 08/11/2023 15:44

May be. Gearing still modeest but a notable increase in net debt on yesterday's update.

[cool runnings] 08/11/2023 07:27

Feel there is definitely something else to yesterdays move , prime target for PE

[philanderer] 08/11/2023 00:46

Investors Chronicle:

RS Group shake-up could save £30mn a year

Hold

[philanderer] 08/11/2023 00:40

FTSE 100 Stock Loses, Then Regains £600 Million on Wild Day


(Bloomberg) -- By any standards, it’s been a choppy earnings day for electronic-components maker RS Group Plc.

The FTSE 100 member lost, and then regained, more than £600 million ($737 million) of market value in Tuesday trading, as initial dismay over its results was replaced by optimism over cost savings.

RS Group Shares Recoup Plunge on Wild Earnings Day: Street Wrap

According to Morgan Stanley analyst Annelies Vermeulen, the cost program was one area of focus on the post-results conference call. With much of the savings coming from permanent reduction in headcount “there is opportunity for more accelerated margin improvement when growth returns to the business,” Vermeulen wrote in a note.

Bloomberg has reached out to RS Group for comment on the share price movement, which saw the stock fall as much as 19% at the open before closing 2% higher.

Tuesday’s wild swings are in keeping with what’s been a rollercoaster year for the company formerly known as Electrocomponents. In August, RS narrowly avoided relegation from the blue-chip FTSE 100 index, although it has declined since. Even after Tuesday’s rally, it’s still down 22% year-to-date, reducing the firm’s market capitalization to about £3.3 billion.

“Management has done a good job on gross margins and variable costs and with the new cost savings plan, it is doing the right things,” RBC Capital Markets analyst Andy Brooke wrote in a note.

[philanderer] 07/11/2023 13:41

Quite a rebound in the shareprice so far.

[keyno] 07/11/2023 12:39

Strange choice of words but many of us PI's know all about exasperation!

[philanderer] 07/11/2023 10:08

How the mighty have fallen - 0ut of the FTSE100 the way things have gone as well.


".... challenging macro and geopolitical environment but cyclical weakness in electronics has been exasperated by customer de-stocking."

[philanderer] 04/11/2023 00:41

Results next tuesday.

[philanderer] 30/10/2023 18:09

30th oct RBC overweight tp 950p

[philanderer] 27/10/2023 16:40

Jefferies cuts RS Group price target to 950 (975) pence - 'buy'

[philanderer] 20/10/2023 12:38

apollo, could well be a good entry point.

Very much doubt they'll avoid a FTSE100 exit at the next reshuffle at this rate.

[apollocreed1] 19/10/2023 16:25

RS1 very cheap today. Looked a good entry point to top up.

[philanderer] 10/10/2023 19:47

RS announces annual subscriptions for DesignSpark

Providing more choice for businesses, DesignSpark Creator and Engineer now available for yearly payment options

LONDON, UK, 9 October 2023 – RS, a trading brand of RS Group plc (LSE: RS1), a global provider of product and service solutions for industrial customers, today announced it has introduced annual subscription options for DesignSpark, its fast-growing online community for engineers. This will deliver more choice for businesses to decide how they want to pay to gain access to DesignSpark’s advanced suite of design tools and resources.

DesignSpark offers a suite of design tools including DesignSpark Mechanical and DesignSpark PCB, plus comprehensive 2D/3D and electronics part libraries, and a host of design resources such as technology articles, projects and community forums