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"Rheo what", "Rheochem!" (RHEP)     

ellio - 20 Feb 2006 15:12

Guys, I've been watching this for a while and like renova, watched too long whilst it got away. I've jumped in on RHEP though(at a premium nms is only 3k).

Anyway they supply chemicals and technical services to the mining and oil services industry, they are already making a profit and roughly are about 20 p/e but expecting to grow dramatically as they move into the downstream supply of chemical and services as well, so in theory they could be due a full rerating, they had traded as high as 20p last year so am expecting a recovery to that level and with further deals a push up to 30p, as ever dyor, the market seems tight on the shares so be prepared to but a premium, I did, note only a small amount, see how we go.

halifax - 15 Apr 2011 13:25 - 26 of 26

RNS confirms sale of drilling fluids business, now they can concentrate on exploiting their North Sea assets.
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