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great profit growth in good times
trading on v low trailing EBIT multiple
strong highly aligned senior management
great geographical spread
Also took a position here recently, may be of interest to others holding or looking.
https://www.cambridge-news.co.uk/business/martin-flitton-shares-views-investment-16704414
Your assessment still holds good Stockable, good set of half yearly results today, this company seems to be under the radar, growing profits and dividends and an international footprint, I think the dip in the SP starting early July was overdone, I bought some a few days ago and my buy was showing up as a sell on the RWA.GB.PL link, GLA.
Last time the sp fell to below 500p it rebounded back up to 650p. Decent support around here so a lot more upside in my opinion.
Sentiment here is strange considering 76% of revenues derived outside UK.
Agreed, i have just bought in.
Not too sure looking at the trading update why the big fall are you?
I can see the UK activity is under pressure but they are diversifying into other markets.
GLA
Looks decent value at this level...
Incredible really when you think about it. The company has high and consistent levels of free cash flow, pays a reasonable, and reasonably well covered, dividend and is sufficiently geographically diversified to withstand most economic shocks, including Brexit. And yet, no posters have bothered to put a comment on the company's segment of this bulletin board since November 2018. That's in glaring contrast to the low-quality resource stocks that regularly attract scores of comments on a daily basis.
After having the company on my watch list for quite some time, I invested in it shortly before it announced its recent results. Although I take a long-term approach, I will if necessary liquidate a holding and possibly get back in at another time. It's clearly a stock that is subject to the economic cycle and I am not convinced that I can time that accurately. So I am prepared to get in at what I regard as a reasonable price for a quality company.
Over the last ten years, the stock price has gone up over 250% and that excludes dividends. Of course, that does not tell us where it's heading to in the future. But it does in my view present some very strong metrics. Both its operating margins and its ROCE have been on a rising trend over the past five years – it appears to be efficiently run. It has an extremely low gearing – it's not vulnerable to a spike in interest rates or a prolonged downturn. Its cash-rich – another five-year upward trend – which should provide a financial buffer.
Unglamorous it may be but it has delivered for shareholders. It's certainly not a story stock. And, in my opinion, it still has considerable scope for expansion, especially in Asia.
Down trend ?
Downtrend...
cracking trend.
Not a very liquid stock, that’s my only concern. I think the future is really strong for RWA, all looks like growth to me
Thank you Robert Walters, you do a very good job.
<b>Robert Walters Shares back In demand. By Graeme Evans | Tue, 12th December 2017 - 14:29</b> In keeping with its preference for trading statements that are both short and sweet, Robert Walters (RWA) needed just 50 words this morning to trigger another surge for shares in one of the City's top performers of 2017. It's the third time since the summer that the professional recruitment consultancy has surprised on the upside, having forecast today that annual profits will be materially ahead of current market expectations. The company's shares have rallied by more than 140% since the shock of the Brexit vote in 2016 and are up 75% in the past year. Today's brief update was sufficient to lift the stock by another 10% to 610p. This is a cyclical stock that is exposed to the unpredictable nature of political events and economic fortunes, but for the moment the City is prepared to bet that there are more gains in the pipeline. Investec Securities described the Robert Walters valuation as attractive, noting that it trades on 1.1 times enterprise vale/net fee income versus a peer average of 2.4. This has prompted Investec to upgrade its price target by 70p to 670p and reiterate its 'buy' rating. It is the sixth time in a year that Investec has raised its earnings per share (EPS) target, on this occasion by 8% and 5% respectively for 2018 and 2019. https://uk.advfn.com/p.php?pid=legacydaily&epic=L^RWA&type=4&size=2&period=4&ind_type1=1&ind1_1=&ind2_1=&olx_1=3&ma_type1=3&o_1maday1=25&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=200&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES
breakout looking good here.
So we get a good RNS, then two brokers up their targets today and yesterday and we bounce 1 to 2%.....
on free carry
@25x...look to build stake c£2
Can someone tell me the AGM and divi dates
Haha but Blackrock buying trump any reasons to sell in my book :P I gave up holding this last month anyway oops
even more expensive now...why not buy cheap emr instead???
I hope you ignored the metrics, this is up over 35% since the start of the year
Jade emperor: Robert Walters and its eponymous Chief Executive, who sports a jade bracelet in preference to a tie, sit in a sweet spot. This is thanks to a niche in hiring compliance and back-office staff on salaries of £40,000 to £150,000 a year. City types of yore wore sharp suits and urged clients to fill their boots. They bear clipboards and cite Financial Conduct Authority rules with the relish of a theologian quoting a juicy passage of Deuteronomy. Robert Walters retrenched less severely than some rivals in the downturn. Consequent operational gearing has emboldened analysts to lift year-end profit forecasts 7%. If you are confident about the world’s economic prospects, the shares are worth owning on a forward earnings ratio of 22 times. If the sight of recruiters’ stock challenging pre-crisis peaks strikes you as ominous, you will run for cover instead.
metrics stretched
21/01/2015 10:47:00 RWA 343.13 O 25,000 21/01/2015 10:46:46 RWA 343.13 O 25,000 21/01/2015 10:37:31 RWA 343.13 O 26,309 21/01/2015 10:37:19 RWA 343.13 O 26,309 Over £350k worth of buys
2x big orders filled at 340 for £87k each! Can't imagine MMs would take the price up to fill a sell order of that size given volumes over the past couple of weeks. Must be buys...