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Hi Snakes,
I used to work for this company. I sold out as I was concerned about some of the staff having been furloughed. I should have stuck with it as was in big at 42 and was convinced this was heading to 80 back in June. Alas, that was not the case and the placing was probably one of the reasons for the pullback. Which is frustrating. Not sure what the need for a placing was other than to pay down debt. Seemed a bit unreasonable but to their credit they obviously realised that this was way oversold at that time. I have since spoke to former colleagues and they say business is good. Lots of tail winds, not least being the price of oil. As you say, a Brexit deal would significantly boost this further. I am looking for an entry and assume there must be some profit taking on any significant negative macro (but this share seems to just keep powering through). I am concerned that if I jump in here that there will be a pullback. Shares were diluted so, in theory this share is well above 80p now. I just feel like there will be a pullback. Also have to bear in mind the need for RPS to turn a decent profit to re-rate. In summary, loads of tailwinds, great company but due a small pullback here with profit taking surely.
Why would it drop Peak? The previous drop was panic over how the Covid situation would affect the company and just general panic selling. The company has operated and continued to function to almost 100% capacity throughout and will only get stronger as restrictions lift and the government investment to stimulate the economy continues. These items combined along with (hopefully) some form of brexit deal will see this soar. I don't see any significant fall back in value and could easily see £1 before the turn of the year.
Why do you think there is the potential of a drop in share value? I'm always interested in differing opinions to allow for a balanced view and to ensure I cover all bases, so this is a question out of genuine interest.
Thanks
This thing just won’t drop so that I can buy in! Solid stock.
Sold out ages ago in 40’s. Still undervalued imho but surely has to drop soon.
Snakeyes. good post. had this for some years now and got the horrors as I watched a slow decline. added a few but
lost interest and just parked my holding. as you and others have observed there's now signs of a def recovery and I'm
starting to add again. lets hope recovery continues and we all stay happy and safe with a cheery bb!
Not too late to get back in camo, it's still got plenty legs yet. £1.20 is a safe bet and £1.50 certainly not out of the question early to mid next year! 40% still ain't a bad return!
I've been in the SIP for a long time, obviously this dip has significantly impacted holdings but I bought in personally this year to offset losses and have topped up regularly. I don't see any reason it won't continue the upwards trajectory long term
LOL, why did i sell :(((. Each to their own, but well done guys for staying on, no doubt it will break £1 soon enough.
It'll hold (maybe not today, but going forward defo). We are on our way to a minimum of 1.20p possibly £1.50 by March next year. I predicted we'd finish the year around 80p, but I think that may have been on the conservative side, I know see this continuing to rise to around £1 before the Christmas break.
Fantastic company, fantastic share - why did I not put more money in????
Good luck fellow RPS'ers
Another good jump up 5.85p / 7.64%, 82p to sell, hopefully it can hold, like I plan to do.
https://www.**********.co.uk/articles/richard-staveley-laurence-hulse-of-gresham-house-updates-vox-markets-on-their-portfolio-48bc3d9/
RPS mentioned at around 40 mins in.
Agreed nice and quite.
Regularly moves up a few % , no drama.
Looks like we are gradually starting to move up again! This is still one of the quietest boards around, which isn't necessaraly a bad thing, just continues to surprise me with such a good company.
A slow steady rise under the radar is probably the best way to go anyway.
Good luck to the 4 other investors out there ;)
Quite a few companies could be of interest to $TTEK but they are mainly smaller private businesses. Some examples of water consultant are:
https://waterco.co.uk/
https://www.sme-water.co.uk/
But there are many like this and lots of the smaller players wouldn’t really move the needle and/or don’t have water economics expertise.
Thanks for this. Very interesting read. What it's suggesting is that RPS is exactly what Tetratech is looking for as a M&A target. Are there any close competitors of RPS that could also fit the bill?
Not sure if anyone saw my recent article:
https://cube.investments/rps-group-takeover-target-an-update/
Comments welcome.
A quiet board is probably a good thing! It just really surprises me given the potential here. I see nothing but a strong indications that this solid company will continue to rise and rise and rise and rise..................
Been holding this for a while, bought in initially at around 57, then held all the way down to placing with a couple of top ups on the way. Happy that I'm finally seeing the rewards. A quiet board is not necessarily a bad thing - steady rise, less pump and dump. I believe in the fundamentals of RPS and the area of work that they're doing. I'm hoping to see 140p next spring. Atb
The only thing that surprises me is that there is not more enthusiasm about this company!
I think RSP are still in a very strong position and the gradual rise will continue this year and into next. I suspect 80p before the end of this year and moving up to £1, possibly higher in the early part of next year. All in my opinion of course, but the fundamentals are all there.
Snakeeyes1875... Exactly! Need to Communicate from ??.would like to see RNS too.
This must be one of the quietest boards there is!
We are looking good now and moving steadily in the right direction fingers crossed for around 80p before the end of the year if not higher! Solid company and only going one way!
Welcome share price rise, welcomed by me at at least.
Welcome... what does welcome mean????
Is it possible to have your own title Then it may be an interesting Read I.e a hint of content
Definitely wouldn’t buy this book “ Welcome”
Indeed, could not actually see that on my level2 at the time. Yeah, maybe a good sign. Think if it stays up this week may stay up during the lockdown. Either way, forgetting the share price, fundaments should stay strong.
Yes started the sell off :-)
Just noticed the 200,461 buy @ 53.5p first thing this morning.
More than likely the reason for our jump up.