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%.
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