Rs Group Plc

-3.20 (-0.4%)
Share Name Share Symbol Market Type Share ISIN Share Description
Rs Group Plc LSE:RS1 London Ordinary Share GB0003096442 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  -3.20 -0.4% 796.60 5,106,521 16:35:19
Bid Price Offer Price High Price Low Price Open Price
800.00 800.40 808.00 788.60 796.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic Parts,eq-whsl,nec 2,553.70 230.00 48.80 - 3,766.20
Last Trade Time Trade Type Trade Size Trade Price Currency
18:29:34 O 40,046 797.245 GBX

Rs (RS1) Latest News

Rs (RS1) Discussions and Chat

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Date Time Title Posts
30/5/202300:50RS Group (formerly Electrocomponents)110

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Rs (RS1) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-05-31 17:29:47797.2540,046319,264.73O
2023-05-31 17:03:25796.687,99363,678.63O
2023-05-31 16:51:18795.781,38511,021.54O
2023-05-31 16:51:18792.2925198.07O
2023-05-31 16:42:28796.60105836.43O

Rs (RS1) Top Chat Posts

Top Posts
Posted at 30/5/2023 00:50 by apollocreed1
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://

Posted at 26/5/2023 10:31 by philanderer
JPMorgan cuts RS Group price target to 810 (870) pence - 'underweight'
Posted at 03/5/2023 09:50 by philanderer
RS Group down as CFO leaves after "personal relationship"


Posted at 28/4/2023 10:46 by philanderer
RBC raises RS Group price target to 1,050 (1,000) pence - 'outperform'

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

Posted at 17/4/2023 18:56 by philanderer
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.

Posted at 15/3/2023 10:03 by philanderer
Shore Capital lifts RS Group

Shore Capital has upgraded RS Group (RS1) after shares in the industrial and electronic products distributor slumped 10% this month.

Analyst Tom Fraine upgraded his recommendation to ‘hold’, meaning he sees ‘limited downside to our 820p fair value’. The shares lifted 1.7%, or 15.5p, to 920.5p on Tuesday.

Fraine said that Amazon Business is a long-term threat to potential future market share gains ‘due to its scale and ability to deliver products very quickly’, and the group also has ‘a fairly significant level of operational gearing, having continued to invest in its cost base’.

Forecasts for industrial production in 2023 have also ‘trended steadily downwards’, which may ‘increase the risk of downgrades, although financial guidance has previously been conservative and RS Group has a history of positive earnings forecast revisions’.

Despite the bad news, at ‘15 times… blended 12-month forward price/earnings is considerably below its 2021 peak of 25 times but at a significant premium to its ratings in 2008 and 2011, when it dipped into single digits’.

‘Its enterprise value/ebitda was also considerably lower in previous downturns – more than six times in 2008 and 2011 versus its current 10 times. We maintain our 820p fair value and now see limited downside,’ he said.

Duncan said the dividend yield is currently over 4% and ‘given the balance sheet strength, we see scope for further shareholder returns, following the recently announced £16m buyback, in the coming year’.

Posted at 22/2/2023 15:18 by philanderer
Berenberg raises RS Group price target to 1,050 (1,010) pence - 'hold'
Posted at 16/2/2023 14:57 by philanderer
(Sharecast News) - Morgan Stanley initiated coverage of industrial and electric components distributor RS Group on Thursday with an 'equalweight' rating and 950p price target as is pointed to a strong track record of organic growth, improving margins and return on invested capital.

"While overall market growth is pegged to GDP growth, large players can outgrow the market by leveraging scale and pursuing M&A," MS said.

"We estimate RS Group's balance sheet could support £860-1100m of M&A spend over FY23-25e."

It said that own brand penetration, which carries higher gross margin, is 13% and has room to grow, with peers averaging around 20%, "and this along with digital growth and operational gearing could deliver a mid-teens margin in the medium term".

Still, MS also noted near-term risks from the cycle and pricing.

"RS Group supplies low value but critical industrial and electronic components, which are not tied directly to customers' own volumes (average order value is circa £250)," it said. Exposure to the more cyclical electronics end market is 15% lower than it was in 2008-09, but is still 22% of revenues, and there are signs of volume pressure, it added.

It also said the shares are unlikely to perform until a new chief executive is appointed.

"We like the long-term potential of the business and could become more positive if hard economic data continues to trend above the soft data, marking a change in the macro outlook," the bank said.

"Our bull case is 1,300p. Conversely, an industrial recession and price deflation could squeeze volumes and gross margin, driving the shares towards our 720p bear case."

Posted at 10/2/2023 14:32 by philanderer
FORT WORTH, Texas, Feb. 9, 2023 /PRNewswire/

-- RS (formerly Allied Electronics & Automation), a trading brand of RS Group plc (LSE: RS1), a global omni-channel provider of industrial product and service solutions, added three new suppliers to its industry-leading selection of industrial automation solutions: ILME, ABB Robotics, and Madison Company.

These latest additions to the RS line card further extend its portfolio of Industry 4.0 technologies, including industrial connectors, robotics, switches, and sensor products, and provide customers with even more tools to turn "what ifs" into "why nots."

Posted at 03/11/2022 23:54 by philanderer
Investors Chronicle:

RS Group relishes calm before the storm

The industrials and electronics distributor reports a strong first half of the year, but trouble is brewing on several fronts

RS Group’s (RS1) first-half results showed an uptick in both revenue and profits – in addition to consensus-beating earnings per share and gross margins. So why did its share price slump more than 8 per cent on the day of its interim report?

The answer lies in investors’ assumption that there is trouble in the group’s upper ranks. Alongside its interim results, the group also revealed that its CEO, Lindsley Ruth, would be taking an immediate leave of absence for personal reasons. According to Jefferies analysts, the shares pulled back by around 10 per cent last time this happened in November 2019.

But the group’s underlying business remains healthy – at least for the moment. Its first-half free cash flow figure of almost £112mn was 10 per cent above expectations. Return on capital employed – a ratio that measures a company’s ability to use capital to generate profits – improved by 6.7 percentage points.

RS said that trading over the first four weeks of the second half has been in line with its expectations. However, Jefferies recently downgraded earnings per share estimates to 8 per cent below consensus for the 2024 financial year. Analysts have said that short-cycle headwinds have only been gathering since.

“Semiconductor warnings have proliferated, driven by a slowdown in demand for personal devices and exacerbated by US action to rein in China’s chipmaking power,” they wrote in a 3 November note. The analysts also noted that this weakness was broadening out into industrial equipment and the manufacturing the Purchasing Managers' Index has further softened.

The shares are currently trading at nearly 16 times earnings, far lower than the company’s five-year average of 21.5 times, but we think they may yet have further to fall.



Rs share price data is direct from the London Stock Exchange
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