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...now @ 513?
strange rise showing in last few minutes " +111.54 (27.75%) "
I bought on results (& heavy drop) yesterday at 407 and will sit on these...
Think will do well, and now see today Company announced today it has purchased 110,000 @ 403 average. They 'must' know something...
@BobbyO - if you don't know the answer to that, you either need professional advice or not to invest at all !
Love a little market manipulation when it goes in your favour ;)
What's happening at Robert Walters. Down 10% over 2 days. Is it worth adding to existing holding at this price
Excellent results from a quality player in the recruitment sector.
Buying turnover. The cheque book is too tempting when stuffed full of cash earning diddly squat. Better to return it to shareholders.
A phenomenally successful final quarter's update from RWA this morning including the following:
"§ Strong trading momentum was maintained through the fourth quarter across all of the Group's regions with Group net fee income up 39%* (33% actual) year-on-year.
o Quarter ended very strongly with a record December performance.
§ 83% (2020: 79%) of the Group's net fee income is now generated by our international businesses."
With the current level of impetus, all appears set fair for 2022 and perhaps the company will express its confidence by declaring a tidy increase in the level of dividends, particularly having regard to the largely unused mountain of cash in the balance sheet.
A very encouraging trading update this morning in which the eponymously-named Chief Executive refers to the current jobs market as being "hot" and reports that "the Group has once again benefited from operational gearing and that profit for the full year is expected to be comfortably ahead of current market expectations."
Long established global business, strong balance sheet, high CEO share holding. RWA is well hedged globally to take advantage of post pandemic economic recovery and has a proven track record of being well managed with attractive dividends. Expected to grow significantly over the next 24 months+
Trading update today (12/01/21) confirms net cash at 31/12/20 of £154.8m, compared with £85.8m one year earlier. A truly staggering amount - what precisely are the RWA board intending to do with all this dough? Arrange a huge buy-back of shares, quadruple or more the on-going level of dividends? Arrange a souper-douper special dividend of say 100p per share to coincide with the eventual retirement of the eponymous founder? Why not he's responsible in very large measure for the company's extraordinary success. Why leave it to his successors to crow about?
well over...closing in on £2/share
dyor, all
Am I reading this correctly...net cash on the last update is well over £100 million??.
seems most likely explanation for this downdraft
at this rate 290-320p looks on imv
===> stripping out net cash, c200p for run rate earning somewhere between 30-60p
A terrible sector, but that would be terribly cheap (esp v sector peers)
dyor, all!
bought back modest 250@374
expect to see 350-360 again, perhaps lower...then load up for move back higher?
as highlighted by this article I just read. I don't have the minerals to invest in the recruitment sector for now but well done to those invested here.
https://www.sharesmagazine.co.uk/news/shares/recruiters-put-worst-of-the-crisis-behind-them
decent strength in horrid market
sold yet another 300@410
sold 300 more @390
now on free carry
sold 600@369
hold 1700 @ low average (not quite free)
bought back 400@347...
again v cheap rel to PAGE & HAS (even factoring in lease liabilities)
doh..sold half @ c£4
EV is actually closer to £300m!
bought more @376
EV of c £200m (stripping out net cash)
Trailing EBIT >£50m
EV/trailing EBIT<4 (whereas it's closer to 6 for HAS)
great geographic coverage
sensible cost cutting
seasoned, aligned senior management
#cheapaschips
DYOR, all
still cheap v Hays
nice timing...
over £100m of net cash & v reassuring update
#greatmanagement