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Ignite Luxembourg Holdings, a company indirectly managed by Rhone Holdings VI, offered to buy a 20% stake in RHI Magnesita at GBP28.5 per share in cash, a 39% premium to the stock's close on Friday. Rhone said it aims to buy a non-controlling minority stake in Vienna-based supplier of refractory products. The offer values all of RHI Magnesita at GBP1.34 billion, or at GBP1.38 billion including a dividend recently declared by RHI Magnesita.
What is the point of this RNS when there is no information on the interest rate(s) applicable?
Having seen other companies' Chinese "investments" turn sour, I am uneasy about RHIM's move here. However, the deferred consideration element looks prudent.
There have a very good clarity about the cycles of steel and on top the are maintaining margin and growth next year as well the guidance is very good and india is growing big for the company which in it self are very big than parent now
Some headwinds but overall reassuring. Especially liked these bits:
"Available liquidity at 30 September 2022 was over €1.0 billion with no major debt maturities scheduled until 2027....the Group is comfortably on track to meet analyst consensus expectations for EBITA in the 2022 financial year."
It is coming up with q3 trading update on 19th of this month but no clue what thas happened yesterday when the ehole market is up it was down without any sector headwinds or any news
It look like promoters are selling the share to buy at lower level as there are less retail investors company might be coming up with buy back to buy more shares from market in the next 2quaters
Suspect debt will reduce given
fx (debt is majorly in euros and income is mostly non euro)
Revenue is increasing, with inflationary costs being passed on.
Still confused. India subsiduary (70% owned by RHIM) produces about 20% of total revenue for RHIM.
India subsiduary valued way higher than the parent group. Effectively the remaining 80% revenue from around the world (biggest is USA) is beng valued at nil.
Rhim india is at 52 weeks high i am looking for Rhi magnesita debt reduction if the debt go down this share will double from here
Sorry, I meant 12 months below, not 6 months
Strange goings on here. While RHIM has been doing terribly, losing 45% over the last 6 months, its Indian subsidiary has been flying, gaining 84% over the same period.
I calculate the share of the Indian business is worth £770m , which means the rest of the company (the large majority) is valued at just 100m to get to our current market cap of 870m.
Am I missing something there? Whatever it may be, with yield and PE also extremely favourable, I agree with saleem and am in as of today.
Carlderys which is in similar business sold for 930million euros having the revenue of around 800million per year valuation are very cheap
Looks like a large trade of 186000 shares traded today at 2046 need to see who bought the chunk
Company looks very cheap there listed subsidiaries in india is trading at 835 million in which rhim holds 71 percent
Nice 5% final divi ex d soon and I know for a fact that Russian and Ukrainian steel suppliers are having real problems at the moment especially the Russians nobody's going to want to buy from them
https://www.tipranks.com/stocks/gb:rhim/forecast
Highest price target is 50.00
Brokers never seem to get it right anyway. New price quoted from Broker is still higher than price before today anyway. Short term buying opp?
Broken the previous highs and now testing the resistance levels. Looking very positive to go higher and set a new trading range.
"According to analysts' consensus price target of GBX 3,928.33, RHI Magnesita has a potential upside of 58% from its current price of ~GBX 2,500":
https://www.marketbeat.com/stocks/LON/RHIM/price-target/
RHI Magnesita will take sometime to recover IMO; interesting note/read here just out today in Proactive Investors on RHIM:
https://www.proactiveinvestors.co.uk/companies/news/918831/rhi-magnesita-hit-by-significant-slowdown-in-customer-activity-in-april-918831.html
four large trdes there.