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17:50 29/11/2017

As an aside there was a very interesting article in the recent FT weekend about the rise of algorithmic trading and the impact of ETFs. Both strategies are constantly tweaking portfolio allocations. Market movements are exacerbated both up and down as a result, as any larger short term movement becomes a self-fulfilling prophecy. Personally I think this no bad thing for the LT private investor as it allows us to buy good assets cheap, whilst the ever growing proportion of "dumb money" just churns. In the LT intrinsic value creation will win out and be rewarded. In this respect nothing has changed from Buffet's early days...

17:35 29/11/2017

Couldn't agree more. You have a company with an annualised FCF yield north of 10% and double digits ROCE. One parallel I can draw is with Smurfit Kappa. After their blow up it look them several years to regain trust (whilst paying down debt, which was far higher than RPC's current multiple at peak). Despite a very strong share price rise SKG arguably remains undervalued. Brokers certainly seem to think so. And the same goes for RPC. For once I think the brokers have this dead right and the market dead wrong with target prices far north of current. Bottom line is that our company is a (lower risk) cash machine, which in today's low yield world is not something to be sniffed at. I am generally a LT investor and have used today's fall to top up. I sincerely believe the market will get there. Fill your boots whilst you can

10:23 31/03/2017

"Panic on the Streets of London" as Morrissey would say - shareholders seem to have been really spooked by the words of Paul Moran, the same guy who nearly a year ago issued a very downbeat statement regarding Burberry whose share price has since risen by 50%. Personally, I think this represents a great buy opportunity and picked up another 1,500 stares last night at just over £8.00. Does Paul really think that making acquisitions is bad news (he seems to be saying so) and that RPC should simply return cash to shareholders which they can then reinvest in what?

10:10 02/06/2016

Panmure's note from this morning: "RPC, the international plastics products design and engineering group, has delivered a strong set of FY16 results (EBITDA +34%, EPS +14%). Growth has been driven by the full year effect of acquisitions and organic growth (packaging division +4% LFL). The GCS acquisition (completed 31 March) has been quickly integrated into the group and management has raised combined Promen/GCS cost synergies from €65m to €80m..." From Research Tree

10:10 02/06/2016

Welcome to the new RPC Group stream forum! Messages posted in the RPC Group stream will be logged here for posterity.

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