oldjoe1
13 Dec 2017
Re: NEW ARTICLE: Robert Walters enjoys surge... <b>Robert Walters Shares back In demand.Graeme Evans | Tue, 12th December 2017 - 14:29</b>In keeping with its preference for trading statements that are both short and sweet, Robert Walters (RWA) needed just 50 words this morning to trigger another surge for shares in one of the City's top performers of 2017.It's the third time since the summer that the professional recruitment consultancy has surprised on the upside, having forecast today that annual profits will be materially ahead of current market expectations.The company's shares have rallied by more than 140% since the shock of the Brexit vote in 2016 and are up 75% in the past year. Today's brief update was sufficient to lift the stock by another 10% to 610p.This is a cyclical stock that is exposed to the unpredictable nature of political events and economic fortunes, but for the moment the City is prepared to bet that there are more gains in the pipeline.Investec Securities described the Robert Walters valuation as attractive, noting that it trades on 1.1 times enterprise vale/net fee income versus a peer average of 2.4.This has prompted Investec to upgrade its price target by 70p to 670p and reiterate its 'buy' rating. It is the sixth time in a year that Investec has raised its earnings per share (EPS) target, on this occasion by 8% and 5% respectively for 2018 and 2019.[link]
II Editor
12 Dec 2017
NEW ARTICLE: Robert Walters shares back in demand "In keeping with its preference for trading statements that are both short and sweet, LSE:RWA:Robert Walters needed just 50 words this morning to trigger another surge for shares in one of the City's top performers of 2017.It's the third time ..."[link]
II Editor
12 Jul 2017
NEW ARTICLE: Record quarters for these two recruiters, but which is best? "Unemployment rates in many developed markets – and some emerging ones – are at historically low levels. In the UK, despite a tough economic backdrop and with Brexit on the horizon, unemployment is at its lowest since 1975, 4.5%, on Office for ..."[link]
II Editor
07 Jul 2015
NEW ARTICLE: Robert Walters rating fully deserved "As we pointed out last month, LSE:RWA:Robert Walters shares are not cheap. From low-single-digit price/earnings (P/E) multiples in 2008, the white-collar recruiter now trades at a record high, putting the shares on 24 times forward earnings. But ..."[link]
II Editor
08 Apr 2015
NEW ARTICLE: Robert Walters could jump by a fifth "Just three months into the current financial year and recruitment firm LSE:RWA:Robert Walters reckons 2015 will be better than expected. That's sparked a round of earnings upgrades and propelled the shares to their highest in almost eight ..."[link]
II Editor
09 Jan 2015
NEW ARTICLE: Stockwatch: A momentum play if economic recovery lasts "According to oil prices and other macro data the world is tilting to deflation, meanwhile international recruitment agency LSE:RWA:Robert Walters implies business is going gangbusters. So, what's the truth?The stock has doubled since I drew ..."[link]
