At around 700 this would be a very attractive investment.The very low oil price will be a helping the company increase its profits as oil is the raw material used in the plastics industry in which RPC is the leader.
RPC shares for long term growth: RPC’s shares are looking cheap after the plastic packaging group reported better-than-expected profits and said it would make larger savings from a recent acquisition. The FTSE 250-listed company is seeing higher sales from new products such as disposable coffee capsules and plastic paint containers, as the U.K. housing boom boosts DIY. Total group revenue increased by 17% to £1.22 billion in the 12 months to the end of March, while pretax profits… Read More
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