Ripley94
16 Jul 2019
Letica acquisition RPC… XXXX Going by this post if i was out prior to June 2017 . Made a profit of approx 15.8% … including divs which accounted for about 50% of that gain . Beat the bank but more risk , could of got more if sold on the 850p price noted on 10th September 2018. Had another chance to get that 8th November 2018, on another rise to 820p , but a Christmas fell to 635p . Happy enough .
Ripley94
16 Jul 2019
Letica acquisition RPC… XXXX 793p
Ripley94
16 Jul 2019
Letica acquisition RPC … XXXXX Noticed funds In ( D ) Read below Berry Global , granted clearance ny Russia June 6th, following USA. European union and south Africa
El_Kel
07 Feb 2019
Letica acquisition Worth noting that the short positions have fallen away fast recently. [link] rpc feb.png1099x677 41.8 KB
Ripley94
01 Feb 2019
Letica acquisition RPC… XXXXX I read they have excepted an offer from Apollo for 782p ( a rights 2 years ago @ 665p ) I see i bought back in June 2017 @ 735p after tip from cornhill. Could of sold for 979p Oct 2017 … in hindsight should of took the 850p when two company’s expressed an interest last September. But they are talking to someone new … hopefully a better offer today’s 793p indicates that is on the cards .
Footsie_Explorer
31 Jan 2019
APOLLO Steal Uhh ohh - is this a white knight entering the fray in the form of a potential higher offer…Berry Berry nice [link]
Gmac
25 Jan 2019
APOLLO Steal In a 2014 FT article they noted that Apollo have a “legendary frugality†and do not like to pay more than 6 times earnings. I don’t think much has changed.
Gmac
25 Jan 2019
APOLLO Steal Apollo can be pretty flakey in a bid process. This feels like a low-ball offer that barely maintains Apollo’s credibility.
El_Kel
23 Jan 2019
APOLLO Steal 782? Jaysus, that’s a surprise. What a big let-down from the management. Summat doesn’t feel quite right…
Footsie_Explorer
23 Jan 2019
APOLLO Steal Yes, definitely or the management feel brow beaten with the negative sentiment over Brexit and plastic. The CEO came in a bought a load of companies and seems to have suddenly run out of steam and is prepared to roll-over on this low offer.
Gmac
23 Jan 2019
APOLLO Steal Quite agree my vote will be to decline the offer. The bid process must have taken a substantial amount of management time having been over such a long due diligence process. You wonder if there is some element of Stockholm syndrome being played out here.
Footsie_Explorer
23 Jan 2019
APOLLO Steal RPC must surely be in some poor state if the board have taken the desperate action of agreeing the sale at £7.82 per share plus an £0.08 dividend! With 6 analysts rating this a BUY with a concensus price of £11.33 this British company has been truly sold on the cheap! Let’s hope a rival bid comes out as plastic has had some bad wrap recently but its better for the environment than making glass if we can get the recycling sorted. Disgruntled to say the least as I am sitting on a 15% loss excluding divis for the last 18 months
El_Kel
22 Jan 2019
Half year results As the sp works its way back upwards, so the shorts seem to increase again. Think I’ll remain on the sidelines for now. rpc jan.png1166x871 65.6 KB [link]
El_Kel
28 Nov 2018
Half year results Today’s half year figures look reasonable enough to support interest in a healthy 3.7% yield and a fast approaching xd on 27 Dec. My concern has been the shorting issue where I’m trying to balance out whether it’s time to buy or to hold on for a while longer. The short positions increased steadily through the year but recently, as the sp has been dropping off, they have similarly come back down. short chart.png1096x425 17.3 KB [link] But…Fraser Perring’s views are worth bearing considering not least because of the much respected work done to expose accounting irregularities at Steinhoff Int. There are no known irregularities at RPC, but it would seem that there may be some “aggressive accounting†producing better looking figures than is actually the case. “The short-seller whose research group uncovered financial irregularities at South African retailer Steinhoff has struck out at plastics company RPC Group. Fraser Perring claims the FTSE 250 company has used a string of acquisitions to mask falling earnings, and said it had used “aggressive accounting†processes to allocate large sums of money as goodwill, making its end-of-year figures look artificially healthier.†[link] Hargreaves Lansdown seem fairly sanguine about the company; “Half year sales rose 7% to £1.9bn, with organic growth of 3.2%. However currency headwinds and higher raw plastic prices meant underlying operating profit rose just 3% to £214.3m. The interim dividend increased 4% to 8.1p per share. So far, we think the results are good. Organic growth is healthy and exceptional integration costs, the focus of much of investor discontent, are falling. From an operating perspective the company looks healthy, and the group looks set to maintain its 26-year track record of dividend growth. The group is Europe’s leading recycler of polyethylene film and the majority of its products are recyclable. Its focus on innovation should mean it can respond quickly to demands for more easily recyclable products, and it’s also investigating renewable and compostable materials. We think RPC’s scale and focus on innovation are significant advantages. Plastics are a key weapon in fighting other environmental concerns like carbon emissions and food waste, and RPC is well-placed to benefit from consolidation within the sector as well as increased demand. A bigger problem in our view is RPC’s ability to make new acquisitions. A subdued share price - the shares trade on a price to earnings ratio of 9.4, well below their longer-term average - means using its own shares to fund future deals is expensive, while investors seem uncomfortable about debt levels. If the group can’t buy smaller rivals, investors are left with just an unexceptional organic growth rate.†[link] RPC’s ability to process, and innovate, recyclable plastics is just too big a lure for me not to be very interested in placing a buy or two. I’d be interested in reading anyone’s views or thoughts.
Ripley94
05 Nov 2018
Letica acquisition RPC… XXXXX Risk here the deadline extended and i only see one company in the game now .
