RPC (LON:RPC) - Investment sustains gains
Jan 10th 2013 - Edison Investment Research today published a report on RPC (RPC.L, LSE:RPC, LON:RPC) entitled "Investment Sustains Gains". In summary, the report says:
RPC’s H1 results in November continued to show the benefits of actions taken over the last year, but also saw a more restrained view of prospects manifesting itself through a less expansionary capex programme and a new ‘Fitter for the Future’ targeted business improvement plan. We have reduced earnings estimates modestly, but RPC remains solidly positioned with manageable net debt and good cash credentials that will enable it to take advantage of attractive opportunities as they arise to sustain a ROCE approaching 20%.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »
