Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Normally see this type of price movement on AIM stocks after good results.Seen 20% drops only for it to come back up in the afternoon. I bought in twice as we in a strong monthly support zone. RMA later today should provide more info on who and why, but wont be surprised to see mid 700 by the end of the week. FTSE 250 with 5 % div is worth the punt for me, so enjoy the ride. Only bad news (depends on how you view it) I have seen today On the other side of the midcap index, plastics company RPC Group fell 13%, despite reporting a doubled pretax profit of GBP316.6 million for the year to the end of March from GBP154.7 million the year before. In late May, the EU Commission launched a draft Directive on Single use Plastics, which would constitute a ban on plastic straws, cutlery, plates, cotton buds and balloon sticks. RPC said it "does not manufacture any of the items that will be restricted under the proposed EU directive, and is proactively working with the policy makers and industry bodies to best achieve their wider goals".
Good long term hold. I would be pretty comfortable to continue holding at that price. In a 12 month period this share has held price at 6.42 and £10.32. Great if you are a trader!
....and we had dropped to 6.40 odd. Missed that but have bought 5k at £6.4835. Sells rose to 68% so was glad I had a little wait. Now at about 55%. Will buy a few more but only if we get to £6. GL to all.
This share price is all over the place, so you might be lucky and get for 670p. As RPC are buying back shares I'm hoping for a small bounce and will be surprised if share doesn't finish above 700p. I bought RPC last year and some more this year - my break-even point is north of 800p! :-(
Probably they would be happy to buy below 700p but the deals they did near 900p aren't looking too clever!
Is my buy in price. Just missed out a few minutes ago. 65% sells in last hour. Hopefully downward pressure continues so I can get in. May also consider selling BP today. Nearing 12 month highs again.
...last year from memory after similar decent results...nearly purchased at £7.22 back then and lived to regret it. Ticks most of the boxes I look for when purchasing and likely I’ll be a holder today.
Good luck to be you. I can't afford to risk anymore. I was sitting on a nice profit a while ago but pretty much break even at the mo. I'd be very surprised if this isn't higher by close of play today but syaing that, I'm very surprised at the drop so far!
RPC have been buying back their own shares. If they buy back now at the current price won't the share start to go back up again? Last year I think they were buying back shares when the price dipped below 900p, so having the opportunity to buy back at below 700p must be good news for them! It seems like RPC hadn't been expecting this, as they had been buying back (albeit small amounts of) shares in the past few days...
To buy here but want a bit more analysis on reasons for huge drop.....standing by......
This 10% drop in share price is really confusing, as their full-year figures look very positive! Revenue growth of 36% to �3,748m driven by acquisitions and organic growth of 2.8%. Profit and cashflow are both significantly up. Surely the market wasn't expecting better results than these!?!
but no reason for big fall. Opened up second �20 pp spread @ �6.64 . Perplexed is an understatement
I've skimmed through some of that but haven't got time to read it all. Why the massive drop in sp?????
no brainer here
nearly 10% down. Im in for a �20 pp spreadbet. Can see no issues others than politics. None of its products are restricted. Shift to more recycling is a plus.
You sure about that Rav?
Seems to be rising in anticipation now. Might have a good ride for a couple of weeks! This really should be a 1000p+ share.
Finals due on June 6th. Need something good to get this moving back up.
Anybody got any knowledge when the report is coming out
"Looking forward, the group continues to target innovation based growth leveraging its global footprint and will participate in the ongoing consolidation of the plastic packaging markets, albeit with no significant acquisitions anticipated in the remainder of this financial year. The second half of the year has started well," Pim Vervaat added. I guess they just couldn't help themselves, one more acquisition in before end of financial year. Toss of a coin as to how the market will react.
Not sure how the market will see this one.
Https://moneyweek.com/dont-fear-the-short-sellers-they-can-get-it-wrong-too/ RPC named as first of 3 examples.
Moodys give an investment grade rating at stable (good expectations to monetise acquisitions, etc..) and shorters move in.....all the expert brokerages and investment banks rating this stock cannot be wrong and all have targets well above current sp.............how fickle investors/traders are !!
Double whammy perhaps? Reported in Sat DT that RPC acquisitions have resulted in debt of �1.4 Billion inc pensions, RPC healthily able to pay for this, but any major clampdown on plastic packaging could be a problem. Appears the Carillion effect re overwhelming debt is causing investors to look a little closer at firms.
These European talks over plastic ban is really hitting the sp.