Duyuru • Jan 20
RPS Group Shares to Be Delisted from Official List and Main Market of London Stock Exchange Subject to the Scheme Becoming Effective on 24 January 2023 On 23 September 2022, the boards of directors of RPS Group plc, Tetra Tech and Tetra Tech Inc. announced that they had agreed the terms of a recommended cash offer pursuant to which Tetra Tech will acquire the entire issued and to be issued share capital of RPS (the"Acquisition"), to be effected by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the"Scheme"). The circular in relation to the Scheme (the"Scheme Document") was published on 11 October 2022. Applications have been made for the suspension of trading in RPS Shares on the London Stock Exchange's main market for listed securities and the listing of RPS Shares on the premium listing segment of the Official List of the Financial Conduct Authority and such suspensions are expected to take effect by 7.30 a.m. on 23 January 2023. The last day of dealings in, and for the registration and transfer of, RPS Shares, will be 20 January 2023. The de-listing of RPS Shares from the premium listing segment of the Official List of the Financial Conduct Authority and the cancellation of the admission to trading of RPS Shares on the London Stock Exchange's Main Market for listed securities have also been applied for and will, subject to the Scheme becoming Effective, take effect at 8.00 a.m. on 24 January 2023. Further announcements will be made when the Scheme has become Effective and when the RPS Shares have been de-listed and cancelled from trading. Reported Earnings • Aug 10
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down UK£4.90m from profit in 1H 2021). Profit margin: (down from 2.1% in 1H 2021). Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 17% per year. Price Target Changed • Aug 09
Price target increased to UK£1.77 Up from UK£1.41, the current price target is an average from 4 analysts. New target price is 13% below last closing price of UK£2.03. Stock is up 85% over the past year. The company is forecast to post earnings per share of UK£0.056 for next year compared to UK£0.022 last year. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improved over the past week After last week's 18% share price gain to UK£1.20, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 21x in the Commercial Services industry in the United Kingdom. Total loss to shareholders of 9.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£2.26 per share. Major Estimate Revision • May 27
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from UK£0.06 to UK£0.05. Revenue forecast unchanged from UK£520.4m at last update. Net income forecast to grow 121% next year vs 53% growth forecast for Commercial Services industry in the United Kingdom. Consensus price target of UK£1.41 unchanged from last update. Share price was steady at UK£1.02 over the past week. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Group Finance Director & Executive Director Judith Cottrell was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 17
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: UK£0.022 (up from UK£0.13 loss in FY 2020). Revenue: UK£476.1m (down 12% from FY 2020). Net income: UK£5.90m (up UK£37.0m from FY 2020). Profit margin: 1.2% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 44%. Over the next year, revenue is forecast to grow 9.8%, compared to a 9.6% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improved over the past week After last week's 19% share price gain to UK£1.10, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 20x in the Commercial Services industry in the United Kingdom. Total loss to shareholders of 34% over the past three years. Board Change • Dec 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Group Finance Director & Executive Director Judith Cottrell was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Nov 06
CEO & Director recently bought UK£63k worth of stock On the 4th of November, John Douglas bought around 50k shares on-market at roughly UK£1.26 per share. In the last 3 months, they made an even bigger purchase worth UK£105k. John has been a buyer over the last 12 months, purchasing a net total of UK£168k worth in shares. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improved over the past week After last week's 17% share price gain to UK£1.20, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 20x in the Commercial Services industry in the United Kingdom. Total loss to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£2.05 per share. Recent Insider Transactions • Aug 28
CEO & Director recently bought UK£105k worth of stock On the 26th of August, John Douglas bought around 100k shares on-market at roughly UK£1.05 per share. This was the largest purchase by an insider in the last 3 months. This was John's only on-market trade for the last 12 months. Major Estimate Revision • Aug 18
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast fell from UK£488.5m to UK£481.1m. EPS estimate rose from UK£0.023 to UK£0.04. Net income forecast to grow 116% next year vs 116% growth forecast for Commercial Services industry in the United Kingdom. Consensus price target up from UK£1.14 to UK£1.29. Share price fell 2.4% to UK£1.04 over the past week. Reported Earnings • Aug 14
First half 2021 earnings released: EPS UK£0.018 (vs UK£0.14 loss in 1H 2020) The company reported a solid first half result with improved earnings and profit margins, although revenues were flat. First half 2021 results: Revenue: UK£233.5m (flat on 1H 2020). Net income: UK£4.90m (up UK£36.8m from 1H 2020). Profit margin: 2.1% (up from net loss in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Price Target Changed • Aug 12
Price target increased to UK£1.21 Up from UK£1.12, the current price target is an average from 4 analysts. New target price is 13% above last closing price of UK£1.07. Stock is up 118% over the past year. Reported Earnings • Mar 10
Full year 2020 earnings released: UK£0.13 loss per share (vs UK£0.005 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: UK£457.3m (down 25% from FY 2019). Net loss: UK£31.1m (loss widened UK£29.9m from FY 2019). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Mar 10
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 0.4%. Earnings per share (EPS) exceeded analyst estimates by 11%. Over the next year, revenue is forecast to grow 5.7%, compared to a 5.0% growth forecast for the Commercial Services industry in the United Kingdom. Price Target Changed • Mar 09
Price target raised to UK£1.08 Up from UK£0.97, the current price target is an average from 4 analysts. The new target price is 14% above the current share price of UK£0.95. As of last close, the stock is down 12% over the past year. Is New 90 Day High Low • Feb 24
New 90-day high: UK£0.88 The company is up 19% from its price of UK£0.74 on 26 November 2020. The British market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£0.17 per share. Is New 90 Day High Low • Feb 05
New 90-day high: UK£0.83 The company is up 51% from its price of UK£0.55 on 06 November 2020. The British market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£0.18 per share. Price Target Changed • Jan 30
Price target raised to UK£0.97 Up from UK£0.83, the current price target is an average from 4 analysts. The new target price is 33% above the current share price of UK£0.73. As of last close, the stock is down 58% over the past year. Is New 90 Day High Low • Sep 25
New 90-day high: UK£0.54 The company is up 20% from its price of UK£0.45 on 26 June 2020. The British market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£0.31 per share. Major Estimate Revision • Sep 20
Analysts update estimates The 2020 consensus revenue estimate increased from UK£420.6m to UK£465.0m. Earning per share (EPS) estimate was further reduced from -UK£0.053 to -UK£0.12 for the same period. The Commercial Services industry in the United Kingdom is expected to see a 1.8% decline in net income next year. The consensus price target increased from UK£0.64 to UK£0.72. Share price is up 5.4% to UK£0.48 over the past week. Price Target Changed • Sep 19
Price target raised to UK£0.72 Up from UK£0.67, the current price target is an average from 2 analysts. The new target price is 52% above the current share price of UK£0.48. As of last close, the stock is down 68% over the past year.