Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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If we can break past 80p for a sustained period, I don't think we will look back. Target before March is £1 for me and then hopefully rising to £1.20 before summer. I have revised this down slightly you may note, this is because the "brexit deal bounce" wasn't as significant as I thought it may be, not just here to be fair, across the board with others like Lloyds, etc. that I also expected to see a larger move upwards in the price.
All in my opinion of course and everyone must make their own mind up.
Best of luck guys
I’m more optimistic on a takeover. Myself and another former colleague (both former employees) were discussing this very point recently. It’s ripe for a takeover. One of the main draws is the fact that they have an established client base globally. They have acquired a series of smaller companies themselves over the years. If a company wants to expand its global reach then RPS is a bit of a no brainier. They are a solid and resilient outfit.
Add to that, we now have certainty on Brexit and the SP is undervalued. I have a reasonable SP at 90p. That includes taking into account the 2019 profit warning and dilution. Any hint of an improvement in profits and these heads firmly north. With all of that in mind, if any firm is considering a takeover then NOW is the time.
I don't see a take over happening. The company is in a solid position, the share price like that of all others, has been affected by Brexit, the Pandemic and general market confidence, but RPS will be back to the pre-pandemic levels at some point. It may take a little while we they are well on their way and recovery has been level and consistent. £1.20 before March, probably rising to between £1.50-£1.70 by summer time and then hopefully up to £1.80 or beyond later in the year. The share price was generally moving in the right direction prior to the crash and I would expect this to resume. I think the board have acted swiftly and decisively throughout and kept the company in a strong position with a strong order book during difficult times, can't fault them for that.
Sorry Peaks, haven't been on here for a wee while! Appears we dodged a bullet re HUR!
RSP starting to move again now, so should be £1.20 before the end of the month no probs ;)
Assault on 90 coming
Must be a frustrating stock Option1 - Being honest, Im here trading this co. so haven't held this stock for long - hard to find the "trough" price . Whenever, the market tanks, sellers come out of the woodwork fast! i hope eventually TO offer comes 150% above Market price 4u (hopefully Im still in this stock by then!)
Scooby- thanks for pointing that up although I see the takeover prospect was raised in July 19 doesn't seem to be any follow
up since then. Fingers crossed. RPS has been huge disappointment to me as LTPI. sp down 70% in five years. And my
impression is of a complacent BoD lacking a cutting edge to drive the business forward.
Compelled to mention following article - it's an excellent insight into the poss. of RPS being a takeover target.
https://cube.investments/rps-group-takeover-target-an-update/
Too*!
Seems to good to be true
I stand corrected. Actually holding up very well, and now positive for the day.
Could see some movement today, unfortunately likely to the downside, oil down, FTSE futures down, pound down. Should have no fundamental affect, but may pull the SP down. Will be ready to jump in lol.
Golden cross coming in the next 7-10 days too
NOPE........ But a biggy after close as well................B
Wow, look at that auction volume, anyone else seeing that?
Just to clarify I’m referring to HUR
Lucky escape eh snakes!
I’ve added a final tranche at 65. Was going to wait for a drop but even if it drops I see this heading to 90 by early 2021. GL all
Hi snakeeyes1875, I've had RPS on watch list for a while however, the temporary price drop back down here in the mid 60's provides a very nice opportunity I think for much greater value going forward :-)
Welcome aboard Surprised and best of luck to you! You have got in at a decent entry point in my opinion.
https://twitter.com/surprised_trade/status/1338402958862659584
I'm in :-)
Option - really not sure why you believe the company has been in "decline for years"? The fact that you bought at the very upper end of the price scale for this stock may be influencing your opinion I guess, I have made this mistake in the past as well and it is tough to see the price drop. The reality is the in Jan 2001 the price was £1.96 and in Jan 2020 the price was £1.74, if you track the stock over this 20 year period you can make a fair assumption at the average price at between £1.40 - £1.80 in my opinion. Yes of course it has been above this and indeed below, but it is fair to say that between £1.40-£1.80 has been a realistically achievable target over the last 20 years or at any given point throughout a year. Looking at that my buy in price would always have been £1.20 or below to allow the minimum profit return realistically achievable, if I was to make more then great, but I would at least be fairly confident I could make 20% as a minimum. The drop from £1.74 in Jan of this year is entirely down to two factors Brexit uncertainty and the pandemic, both of these factors will impact the potential immediate and mid-term recovery, but a target of between £1.20 - £1.50 is perfectly reasonable by March to June next year and potentially £2 looking further down the line. I don't see the highs of £2.30 and beyond being achieved anytime soon, but those levels were always in the top 10-20% range for this stock anyway, so not something I would ever budget for realistically happening - more a nice surprise than a realistic target.
I don't see this as a stock in decline, I see this as a stock that has been affected by the same factors most other stocks have been subject to over the last year. Do research, set realistic targets and get out when you reach them, that's how I try to invest.
I wish you the best and do hope you can average to a place where you can, as a minimum, break even, but I have to disagree with your view that the stock is in decline.
Good luck all
I’d love to hear why you invested at 280 and what you think has changed since?
I would like to be optimistic and dipped my toe in a couple of days ago at 77p ...and where are we now down to 63.
The reality is that RPS has been in decline for many years now and rubbing along the bottom. I bought in 2014 at
280p and its just been down and down ever since. I would like to see it pick up but I don't get the whiff of strong management or clear strategy. It just seems to amble along and I would love to hear why it should now recover after
so many years in the doldrums.
peaks and troughs and troughs....