Rentokil Initial Share Price (RTO)

Even at this low SP,rentokil is still on a PE of 24...To justify that high rating the company needs to show very fast revenue growth..However growth was a meager 1.5%....Around £3.80 seems a reasonable SP

Slightly disappointing RNS this am, organic growth 4-6% everywhere except NA where integration and a stronger than anticipated £ has impacted. I am happy to hold , expecting both to change over the next 2 quarters. Recent figs suggest UK will reduce rates before US (and hence£ FX rate will fall), US housing market is likely to recover sharply and also RTO's US integration will start to bear fruit. Still comfortable with an estimate of >£5bill revenue and PTP of ~£700m. Looking for a forward P/E in the teens and an SP of ~600p before I consider selling .

Every single time a company's SP drops the comments refer to jam tomorrow senario..

Still it is growth +£1.29bn +4.9%. Don't know how the market will take it? Will come good later in the year. GLA

Let’s hope the news is good in the morning. Bounced above 500 p a few weeks ago on last update , positive news and I think we will get there again and more . On the downside anything negative and we are sub 400 p.