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Hi Guys I've bought in here having last bought almost decade ago at 100p and selling (too soon and usual!) at ~300p.
Having examined the reasons behind the sharp fall in October and concluding that it is overdone and tho' I might have to wait 12/18 months, I believe there is a profit here.
Recent figs show that RTO has raised revenues steadily for the last 7 years and have more than doubled revs in that time. That said, they have not always managed to turn high revenues into large profits , their business is a low-margin one and IMV will remain so. It is also true that being a well- managed company with regular steadily rising profits led to a P/E in the 50's which was too high.
The last half-year results including the Itaconix figures mean the P/E is now back to the low 30's and while still IMV high, absent any sharp SP rise it will fall to the 20's or less with the next FY results.
The next FY results including the Terminix acquisition should show revs of over £5bn and a PBT of ~£700m.
While the strength of sterling against the dollar, if it persists, will be a drag, and the US housing market may take some time to recover , falling interest rates, first in the US and then the UK will stimulate housing, and reduce the burden of RTKs borrowings to fund the Terminix buy.
I am not expecting fireworks here and am happy to hold for some time, but I am confident that my average buy price of just a tad over 400p will be rewarded.
Above current SP ???
Worth remembering the Director purchases just a couple of months ago, £200k by the CEO plus £100k each from the Chairman and CFO associate, all comfortably above the current SP:
· Andy Ransom, Chief Executive, purchased 45,700 ordinary shares in the Company at a price of 438.5034p per share on 3 November 2023;
· Richard Solomons, Chairman, purchased 22,900 ordinary shares in the Company at a price of 436.334p per share on 3 November 2023; and
· Caroline Ingall-Tombs, a person closely associated with Stuart Ingall-Tombs, Chief Financial Officer, purchased 22,904 ordinary shares in the Company at a price of 437.6172p per share on 3 November 2023.
US markets worst start since 1999, probably resetting after all their mammoth gains last year.
Probably bring us down given how highly valued UK market is anyway.
What a difference a week makes on nothing.
Was set at 413.. now adjusted to 388 ish..
Fully concur JG68 ..surely not going to have another challenging year on our markets whilst our friends across the pond continue to flourish...
Any of you guys listen to Chat with Traders Podcasts ?
YesJG certainly blind sided by this. Maybe someone selling as well
Who knows. Just need yo keep faith
Remember went down to £3.80 snd thrn up to £4.70 then down to £4.18 then up to £4.50 and now down to £4.05. Certainly volatile. Would not have bothered me if timing had been better.
500 million knocked off Mcap based on an outperform slightly lowered target price.
How is that even justified as even being slightly reasonable.
What a total joke the UK markets are.
I kn0ow and only just bought back in. Should have waited a couple more days. This share moves a lot. Still confident so will.leave for inevitable come back.
What a joke this UK market is, an outperform rating with price target shaved which is still considerably higher, and they're knocking 3-4% off already.
Pathetic mms
Goldmine sachs reduces to £6.60 from £6.85.
That would do me considering we are £4.21 now.
They must have got a new dartboard and it landed on £6.60.
I've made a small purchase at todays low. Don't think we'll see much price movement till the next update, that's unless the whole market falls.
The market has been harsh on this share. There's little wrong with the last update, but the analysts get nervous at anything but fantastic results these days. Okay, the debt pile is high due to the USA t/o but, long term, it will pay off. I think this deserves a better rating. The drop was overdone, and the directors recent buys is a fair indication of where they think things are going.
I don't understand why this is so weak in the market.
So they marginally downgraded their US margin from 19% to 18.5% to 19%, maintained overall guidance, yet the share price is a third lower than before that last update.
What am I missing anyone?
Revisited the bottom of £4.27 from a few weeks ago before it shot up to £4.70.
Now back below the price of the recent significant director buys.
Can't get bigger than the CEO and Chairman backing their own show along with the CFO wife
Some more meat on the bones. 3 director purchases and another outside purchase. Got to be good for impetus.
Hope we can hold this rise by close today, if so then we should stabilise and move fully past the 440 resistance band and on to passing the 450 one before having a strong trading week next week
Am glad I averaged down after buying at over 500. Only just below the water now....
Up and down like a yo yo
Hope we can get a 10% rise by the end of today
RTO price on the rise!
I wouldn’t touch this company for another year or two. Grossly overvalued at £10bn
Gents, I thought that last week when I bought but the price is down by more than 100p since then. Guess I will need average down as the latest price seems completely unrealistic. gla