RPC was established in 1991 following the management buyout of the plastic operations of Reedpack Ltd from SCA. Originally comprising five UK factories, the company today has over 55 operations in 19 countries and employs more than 11,100 people, with annual sales in excess of £1bn. It was listed on the London Stock Exchange in 1993 and entered the FTSE 250 in March 2011.

RPC is unique in offering products manufactured by the three main conversion processes – blow moulding, injection moulding and thermoforming, each technology producing different product characteristics that are suitable for specific packaging applications. It is structured along market and technological lines into six clusters which are aligned to these three processes.

Each cluster has on average seven manufacturing sites, operating across a wide geographical area for reasons of customer proximity, local market demand and manufacturing resource. Each plant is run autonomously.

This structure gives RPC a high degree of knowledge and expertise, along with the flexibility to deal with all types of sizes of businesses, and enables the company to deliver packaging solutions tailored each time to individual customer requirements, as well as the highest levels of service and support.


http://www.rpc-group.com/

Plastic Packaging Manufacturers


RPC is Europe's leading supplier of rigid plastic packaging, with operations throughout Europe and one in the USA. Its product range comprises all forms of rigid packaging, namely injection moulded packs, thermoformed packs, sheet and extrusion blow-moulded packs, as well as injection-blown and injection-stretch-blown packs.

The business, which comprises 51 manufacturing sites and 6 separate distribution and sales centres, converts polymer granules into finished packaging product by a combination of moulding and assembly processes, with certain products undergoing additional value-adding decorating processes such as printing or label application.

Customers range from large multinational companies such as Unilever, Kraft, Nestlé and L'Oréal to local small and medium sized enterprises.

Operations are structured along market and technological lines. These groups of operations are organised into 7 clusters, aligned to the 3 main conversion processes used in the Group. The conversion process, cluster and markets they serve are as follows:


--------------------------------------------------------------------------------

Process Cluster Market
Blow Moulding
Blow Moulding
Personal care, automotive, food & drinks, agrochemicals, caps & closures, barrier containers, industrial

Injection Moulding
UKIM
Paint & surface coatings, DIY products, food, fresh soups and sauces, healthcare & pharamceutical, yellow fats, promotional products

Injection Moulding
Bramlage-Wiko
Personal care, pharmaceuticals, cosmetics, tablet dispensers, inhaler devices, food packaging, coffee capsules

Injection Moulding Superfos Food, soup & sauces, margarine & spreads, paint & surface coatings, DIY products


Thermoforming
Bebo
Margarine & spreads, ready meals, fresh / frozen and long shelf life foods, baby food, barrier containers, dairy market

Thermoforming
Cobelplast
Multi-layer barrier sheet for food & non food applications

Thermoforming
Tedeco-Gizeh Vending & drinking cups, coffee capsules, disposable products

Annual Report and Accounts 2012

http://www.rpc-group.com/assets/invest_rel/rpc_annual_report_2012.pdf

Ex-Dividend
08 Aug 12 RPC Group PLC [RPC] (10.2 p)

http://www.rpc-group.com/assets/rpc_matters/matters_apr_jun12_eng_lo.pdf

In IC this week as one of their seven high - yielding free cash - flow kings of 2012.

Unlevelled free cash flow - cash after all unavoidable payments except interest payments. Higher than it was five years ago and rising in atleast three of the past five.

Cash from operations above operating profit for each of the last three years.

Nebt debt less than twice cash profits

As an indication that the business is of decent quality we have asked for an average
return on equity over the past three years of 10 per cent or more.

Rigid plastic group RPC has not been immune to economic weakness but strategic change as the group has helped to underpin performance. The company has been investing in higher - margin products, while engineering an exit from less desirable activities.

Market cap £720 m Divident yield 3.3% divident cover 2.3 pe ratio 15.8

forecast pe ratio 10.9 forecast eps growth 7.6% nebt debt -£169m

.

RPC to top prior year
28 September 2012 | 07:05am
StockMarketWire.com - Plastic packaging supplier RPC Group said that operating profit (before exceptional items) in the first half-year is likely to be ahead of the prior year period.

Activity levels are generally anticipated to be on a similar level to last year.

Growth in higher added value products such as coffee capsules continued enhancing the overall sales mix, although some weaker market conditions such as industrial sales into the Spanish market were also experienced.

Significant investment in the Group's pharmaceutical operations is taking place enabling future higher added value growth. Revenue in the first half of the financial year as reported in sterling is projected to be lower than the corresponding period last year mainly as a consequence of the strengthening of the sterling versus the euro as a significant part of the Group's turnover is recorded in euro.

Operating profit (before exceptional items) in the first half year is anticipated to be ahead of the corresponding period last year and in line with management expectations despite the general economic weakness and the strengthening of the sterling versus the euro. This improvement is driven by growth in higher added value products, the realisation of further Superfos synergies, cost efficiency measures and a less adverse impact from the time lag in passing through polymer prices to customers.

Polymer prices rose to record levels in April before reducing by more than 20% by the end of July. Subsequently they have however increased again to near record levels by the end of September.

The Group continues to have a robust financial position with cash flow performance in the first half year anticipated to be satisfactory.

The integration of the Superfos business has been completed and the achievement of the first phase synergies were finalised through the closure of the Runcorn facility in June. The Group is now focusing on realising the medium and longer term synergies which is combined with other cost efficiency measures in the "Fit for the Future" programme aiming to further enhance operational efficiency and achieve commercial benefits.

The previously announced withdrawal from the loss making market segments of automotive components in Neutrabling (Germany) and vending cups in mainland Europe have also been completed. The automotive components business, which achieved sales of circa €7m in the year ending March 2012, has been sold to APC GmbH. The value of the gross assets sold was £2.3m.

Ron Marsh, CEO, said: "The improvement in the first half year is encouraging as it is achieved in a generally weak macro-economic environment. I believe RPC is well positioned to continue to deliver the performance necessary to achieve its stated aim of a 20% ROCE by March 2014."

In IC this week they retain their long-term buy.
Growth looks well supported as retailers look for lightweight packaging. Delivering healthy dividend increases.

Niche operators that specialise in moulded plastics such as RPC, have been forging ahead.
Unilever has publicly pledged to reduce the weight of its packaging by a third by 2020.
Its solution is lightweight plastic packaging. This combined with demand for innovative new products such as disposable coffee capsules, is helping offset weakness in Southern Europe for RPC.

Thursday 29 Nov Interim results Due

Half Yearly Report
RNS
RNS Number : 2568S
RPC Group PLC
29 November 2012





29 November 2012

RPC GROUP PLC



Half year results for the six months ended 30 September 2012





RPC Group Plc, Europe's leading supplier of rigid plastic packaging, announces today its half year results for the six months ended 30 September 2012.





Highlights:



· Adjusted operating profit up 4% at £47.0m (2011: £45.4m) with the return on sales improving to 9.1% (2011: 7.7%)

· Sales lower at £518m (2011: £587m) reflecting the impact of a weaker euro with overall volumes 3% down on last year albeit with an improved sales mix

· Adjusted EPS at 18.4p (2011: 18.3p)

· Net profit for the period lower at £13.9m (2011: £26.3m) after incurring £18.5m (2011: £4.1m) of restructuring costs, impairment losses and other exceptional items.

· Good cash flow performance with net cash generated from operations at £42.5m (2011: £30.9m)

· ROCE for the period improved to 19.3% (2011: 18.2%)

· Superfos integration and exit from mainland Europe vending cup and automotive businesses successfully completed

· New business optimisation programme 'Fitter for the Future' launched

· Manuplastics business acquired enhancing the sale and manufacturing base for personal care in the UK

· Interim dividend of 4.3p (2011: 4.2p)





Commenting on the results, Jamie Pike, Chairman said:



"This was another creditable performance by the Group in a continually challenging economic environment. The ROCE target set following the Superfos acquisition has been largely achieved but with the prospect of prolonged macro-economic weakness the Group has embarked on the 'Fitter for the Future' optimisation programme to ensure that this level of performance can be sustained. Opportunities to grow the business from a position of financial strength through innovation and acquisitions continue to be explored."

1

Final Pre-Close Trading Statement
RNS
RNS Number : 0461B
RPC Group PLC
28 March 2013



RPC Group

28th March 2013



Pre-close trading statement

RPC Group, Europe's leading supplier of rigid plastic packaging, today issues its pre-close trading statement for the financial year ending 31st March 2013 ahead of its preliminary results due to be published on the 5th June.



Trading performance

Activity levels in the fourth quarter were better compared with the previous quarter with the growth in higher added value products such as coffee capsules continuing. When taking into account discontinued businesses, sales volumes for the year are anticipated to be on a similar level to last year with the sales mix improving. The upturn in January has not been sustained and trading conditions remain challenging against the backdrop of the difficult macro-economic conditions in the Eurozone and the UK which affected overall activity levels and competitive intensity.

Polymer prices rose to near record levels by the end of September and reduced gradually towards the end of 2012 before rising again in the fourth quarter. Polymer price variations are generally passed on to the customer base albeit with a time lag. This time lag effect had a negative overall impact on operating profit in 2012/13 whereas it was beneficial in the previous financial year.

Revenue for the financial year 2012/13 is expected to be lower than the previous year, largely as a consequence of the strength of sterling versus the euro, in which a significant part of the Group's turnover is recorded. This currency translation effect is estimated to have a negative impact on the operating profit of circa £4m. The operating profit (before exceptional items) as reported in sterling for the twelve months to 31 March 2013 is therefore anticipated to be slightly below last year. When measured on a constant currency basis, the overall performance is anticipated to be similar to last year as the material adverse polymer time lag variance has been compensated by cost reduction measures (including Superfos synergies) and an enhanced sales mix.

The financial position remains robust with satisfactory cash flow development in the fourth quarter and significant headroom under the Group's debt facilities.



Other developments

The "Fitter for the Future" business optimisation programme is progressing well with the site closures at Beuningen (Netherlands) and Antwerp (Belgium) due to be completed in 2013. Good progress has also been made on the other cost efficiency measures. The integration of the Manuplastics business acquired in November 2012 is proceeding to plan with the realisation of the cost synergies largely complete.



Outlook

As a result of flat economic growth forecasts for many of our European markets and the challenging trading environment, the Board currently expects limited overall organic growth for the financial year 2013/14. The Group will continue to decisively act upon those matters within its control in relation to sales mix and cost efficiency measures with further progress expected in the new financial year. Opportunities for value adding growth via corporate development activities, both within and outside of Europe, will also be actively pursued. The Group's strong European market positions, leading innovation capability, scale and competitiveness continue to underpin value and growth fundamentals for RPC's portfolio of businesses.



Jamie Pike, RPC's Chairman said:

"The continuing lack of growth in Europe, which is expected to continue in 2013/14, has had an impact on the level of profitability. The overall performance in these challenging trading conditions remains however robust and the Group is well placed to benefit from economic recovery from a position of sound financial strength. The Board remains confident in RPC's prospects."

RPC warns of challenging conditions and limited growth next year
By Benjamin Chiou

Thu 28 Mar 2013

RPC - RPC Group


LONDON (SHARECAST) - FTSE 250-listed plastic packaging firm RPC Group said that foreign exchange (FX) changes and challenging economic conditions mean that both revenues and profits will be lower this year, while limited growth is expected next year.

In a separate statement, RPC appointed Simon Kesterton, a member of the Chartered Institute of Management Accountants, as its new Finance Director, replacing Pim Vervaat who is to step up to the Chief Executive Officer position in May.

As previously announced, Vervaat is to replace Ron Marsh, who notified the group of his intention to quit in October. Chairman Jamie Pike said that the changes mark "the end of an era" after Marsh led the company for 24 years.


Trading subdued
Ahead of RPC's full-year results to be published in June, the company said activity levels in the fourth quarter (ending March 31st) improved on the preceding quarter with growth in higher added value products continuing. However, when taking into account discontinued businesses, sales volumes will be flat for the year.

"The upturn in January has not been sustained and trading conditions remain challenging against the backdrop of the difficult macro-economic conditions in the Eurozone and the UK which affected overall activity levels and competitive intensity," the company said.

The company warned of the impact of rising polymer prices - near record levels during the year - on its bottom line: it said that while price variations are generally passed on to the customer base, there is a time lag, meaning that operating profits were affected.

Meanwhile, the relative strength of sterling against the euro is to have a negative effect on results this year, meaning that both revenues and profits will be lower than the 2011/2012 financial year. At constant currency, RPC said that its performance would be similar to last year as changes in polymer prices are offset by cost-reduction measures and a better sales mix.

"The continuing lack of growth in Europe, which is expected to continue in 2013/14, has had an impact on the level of profitability," Pike said.

"The overall performance in these challenging trading conditions remains however robust and the group is well placed to benefit from economic recovery from a position of sound financial strength. The board remains confident in RPC's prospects."

As for the 2013/2014 year, RPC said that subdued economic growth and a challenging trading environment means that "limited overall organic growth" is expected.

Final Results

Key developments:



§ Revenues of £1,051m (2012: £1,130m) reflecting the impact of a weaker euro versus sterling and the strategic exit from certain sectors. Underlying activity levels similar to last year with the sales mix continuing to improve;



§ Adjusted operating profit of £89.7m (2012: £93.5m) at the same level as last year when measured at constant exchange rates. Return on sales improves to 8.5% (2012: 8.3%);



§ Net profit for the year at £25.5m (2012: £44.7m) after incurring £36.0m (2012: £20.6m) of restructuring costs, impairment losses and other exceptional items;



§ Superfos integration and exit from mainland Europe vending cup and automotive business successfully completed. Good progress made with the business optimisation programme 'Fitter for the Future';



§ Net cash flow from operating activities at £85.5m (2012: £100.1m) and net debt at £171.4m (2012: £160.0m);



§ ROCE of 18.3% (2012: 19.3%) adversely impacted by exchange rates;



§ Adjusted basic EPS at 34.8p (2012: 37.3p) with a final dividend of 10.6p recommended giving a total year dividend of 14.9p (2012: 14.4p).






http://www.moneyam.com/action/news/showArticle?id=4608206

6 Jun JP Morgan... 496.00 Overweight

A hold in this weeks IC- High polymer prices dent RPC.

Cost cutting targets could yet prove overly conservative and some easing in polymer prices of late helped push RPC's shares up about 6% on the day these figures appeared. But polymer prices and currency markets are volatile , and the shares - trading at over 11 times forecast earnings - aren't especially cheap.

Questor share tip: Buy RPC Group for market recovery
TelegraphBy Garry White | Telegraph – Thu, Jun 6, 2013 07:00 BST...
Companies:

RPC Group (LSE: RPC.L - news) 's started the year well. Questor says buy.

RPC Group 407.7p+8.1 Questor says BUY

Plastics specialist RPC Group issued full-year results yesterday that were in line with lowered expectations. This followed a profit warning in November (Xetra: A0Z24E - news) . However, investors are now more interested in the future.

RPC (NYSE: RES - news) is an innovator in packaging, with key skills in producing lightweight rigid plastic containers throughout Europe. It has a particular strength in items such as coffee capsules, with customers including global brands such as Nescafe, Heinz and Dulux.

The shares surged yesterday after management said that the new year had started well, with sales in April and May rising 5pc to 10pc on an underlying basis. However, it is important to note that Easter was earlier this year, so there were more trading days in April to flatter the figure. Nevertheless, the group looks as if it will return to good growth over the next few years, with customers more confident on new product launches.

Last year was challenging for a number of reasons. The group was hit by rising polymer costs, which it passes on to customers with a time lag, the weak euro and the generally subdued economic backdrop.

In the year to March 31, revenues fell 7pc to £1.051bn. Some of the fall was down to currency weakness in eurozone operations, with the group exiting from some lines of business such as its European vending cup operations.

Pre-tax profits tumbled by almost a third to £40.3m after £22.1m of restructuring costs and £10.7m of writedowns. In total, exceptional items were £36m.

The final dividend of 10.6p will be paid on September 6 and brings the total payout to 14.9p, a 3.4pc year-on-year rise.

This represented the 20th consecutive year that the company has increased its payout. The prospective yield is 3.7pc rising to 4pc next year.

The group trades on a current year earnings multiple of 11.6 falling to 10.5, due to the fact that its markets appear to have hit a trough in 2012.

Based on future growth and positive trends in polymer prices, Questor upgrades to buy from hold.

RPC Group
FY13 results
Focusing on core strengths
http://www.edisoninvestmentresearch.com/researchreports/RPC270613update.pdf

Date

Broker

New target

Recomm.


3 Jul JP Morgan... N/A Overweight

Interim Management Statement

RNS


RNS Number : 0098J

RPC Group PLC


RPC Group



10th July 13



Interim Management Statement



RPC Group Plc, Europe's leading supplier of rigid plastic packaging, is issuing the following interim management statement ahead of its Annual General Meeting on Wednesday, 10 July 2013 at Stationers' Hall, Ave Maria Lane, London, EC4M 7DD.





Trading performance



Trading in the period from 1st April to 30th June 2013 ("the period") was ahead of last year, resulting in adjusted operating profit (before exceptional items) being slightly ahead of management expectations. We have seen higher activity levels and as anticipated, the sales mix continued to increase towards higher value added products.



The financial position remains robust with satisfactory cash flow development in the quarter and the Group retains significant headroom under its existing debt facilities.



The "Fitter for the Future" business optimisation project continues to progress well with the Antwerp site in Belgium now closed and the transfer of business from the Beuningen site (Netherlands) going to plan as are the additional cost efficiency measures across several sites. The Group has reached agreement to sell two redundant properties.



Pim Vervaat, RPC's Chief Executive said:



"The year has started satisfactorily with improved activity levels in what remains a challenging macro-economic environment. The Group continues to seek higher added value growth both within and outside Europe and, with its strong market positions and leading technological capabilities, remains confident in its ability to deliver further progress in the current financial year."

Gone long on RPC. Very cheap and plenty of packing need in this hot weather. Last results were good. Update 1st of August

Ex dividend 7 Aug 10.6p payment 6 Sept

5 Aug JP Morgan... N/A Overweight

RPC Group: RBC Capital initiates with a target price of 540p and an outperform rating.

RPC Group PLC (RPC:LSE) set a new 52-week high during today's trading session when it reached 528.00. Over this period, the share price is up 35.21%.

RPC Group: Deutsche Bank initiates with a target price of 670p and a buy recommendation.

Trading Statement

RNS


RNS Number : 2857D

RPC Group PLC

27 March 2014






27 March 2014





RPC Group





Pre close trading statement





RPC Group, Europe's leading supplier of rigid plastic packaging, today issues its pre close trading statement for the financial year ending 31March 2014 ahead of its full year results due to be published on 4 June.





Trading performance



Revenue in the fourth quarter is anticipated to be ahead of the corresponding period last year due to the inclusion of the recently acquired businesses and better underlying activity levels. The Group's overall trading performance for the full year 2013/14 is anticipated to be in line with management expectations.



RPC's financial position remains robust with satisfactory cash flow development in the fourth quarter and significant headroom under the Group's debt facilities.





Other Developments



The integration of the M&H Plastics and Helioplast businesses, which were acquired in December 2013, has been completed with the synergy potential verified and slightly ahead of expectations. The "Fitter for the Future" programme is progressing well with production having ceased at the Troyes plant in France and the consolidation of the Swedish plants proceeding to plan.





Pim Vervaat, RPC's Chief Executive said:



"The performance for the year is anticipated to be in line with our expectations. I am pleased with the progress we have made towards the strategic goals set out in our Vision 2020 focused growth strategy and I am confident that further progress will be made going forward against the backdrop of more encouraging macro-economic conditions."

Proposed Placing

RNS


RNS Number : 0339G

RPC Group PLC

01 May 2014






THIS ANNOUNCEMENT (INCLUDING THE APPENDICES) AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

Further, this Announcement is for information purposes only and shall not constitute an offer to sell or issue or the solicitation of an offer to buy, subscribe for or otherwise acquire any new ordinary shares of RPC Group plc in any jurisdiction in which any such offer or solicitation would be unlawful.

RPC Group Plc

Proposed placing of approximately 13 million new ordinary shares to raise approximately £75 million

RPC Group Plc ("RPC" or the "Company" or the "Group"), an international rigid plastic packaging supplier to the food and non-food, consumer and industrial markets, today announces the placing of approximately 13 million new ordinary shares of 5 pence each in the Company (the "Placing Shares") representing approximately 8 per cent. of the Company's existing issued ordinary share capital (the "Placing"). The Placing is expected to raise £75 million and is being conducted through a bookbuilding process which will be launched immediately following this Announcement.

The proceeds of the Placing will be used to part finance the acquisition of ACE Corporation Holdings Limited ("ACE") as announced earlier today, for an initial consideration of approximately US$301 million (£178 million) and a total consideration of up to US$430 million (£255 million) on a debt-free, cash-free basis (the "Acquisition"). The initial consideration to be paid for ACE represents a multiple of 7.4 times 2013 EBITDA.

Background to and reasons for the Placing

ACE, established over 25 years ago, is one of the Far East's industry leaders in the manufacture of plastic injection moulded components and injection moulding tools for niche segments within the packaging, lifestyle, medical, power and automotive end markets. Headquartered in Hong Kong, ACE operates five technologically advanced production plants in mainland China with approximately 3,300 employees. For the year ended 31 December 2013, ACE achieved revenues of HK$ 1,355 million (£104 million) and EBITDA of HK$ 314 million (£24 million), these results representing growth of 25% and 38% respectively from the year ended 31 December 2012.

RPC proposes to fund the initial consideration of US$ 301 million (£178 million) through the issue of approximately 8.5 million ordinary shares to the ACE Sellers (subject to customary "lock-in" arrangements), the Placing of approximately 13 million ordinary shares to raise approximately £75 million, with the balance funded through new debt (principally through a new £350 million revolving credit facility arranged alongside the Acquisition) and existing cash reserves. The Board expects pro forma leverage as at 31 March 2014 to be approximately 1.8 times the Enlarged Group's net debt / EBITDA.

Details of the Placing

The Placing will be conducted in accordance with the terms and conditions set out in Appendix I. The Placing will be effected by way of an accelerated bookbuilding to be managed by Deutsche Bank AG, London Branch ("Deutsche Bank") and Panmure Gordon (UK) Limited ("Panmure Gordon" and together with Deutsche Bank the "Joint Bookrunners"). The bookbuilding process will commence with immediate effect. The timing of the closing of the book, pricing and allocations is at the absolute discretion of the Joint Bookrunners. The price at which the Placing Shares are to be placed (the "Placing Price") and the number of Placing Shares will be agreed by the Company with the Joint Bookrunners at the close of the bookbuilding period. Details of the Placing Price and the number of Placing Shares will be announced as soon as practicable after the close of the bookbuilding process. The Placing Shares will, when issued, be credited as fully paid and will rank equally in all respects with the existing ordinary shares of the Company, including the right to receive all dividends and other distributions declared, made or paid in respect of such shares after the date of issue of the Placing Shares.

The Placing is conditional upon, amongst other things, admission of the Placing Shares to the premium listing segment of the Official List maintained by the UK Listing Authority and to trading by the London Stock Exchange on its main market for listed securities, becoming effective ("Admission") and the placing agreement between the Company and the Joint Bookrunners not being terminated prior to Admission. The Placing is not conditional on completion of the Acquisition. In the event that the Acquisition does not complete, it is the Directors' current intention that the net proceeds of the Placing would be retained by the Company for general corporate purposes and (where possible) acquisitions that fulfil the Company's strategic objectives.

Settlement for the Placing Shares as well as Admission of the Placing Shares is expected to take place on 7 May 2014.

Questor share tip: RPC shares look cheap

Recent acquisitions make shares in this growing plastics specialist look cheap, says Questor


By John Ficenec, Questor editor

6:00AM BST 02 May 2014

RPC
623½p+23½
Questor says BUY



RPC Group


Plastics specialist RPC is growing its profits and dividends. What’s more, yesterday it agreed its biggest ever acquisition that will add about 10pc to group revenues and expand operations in the fast-growing Asian market. That means the shares are now looking cheap.


RPC is an innovator in packaging. The company makes lightweight rigid plastic products, but these products are a world away from boxes and cellophane; one of RPC’s fastest-growing markets is coffee-machine capsules for the new generation of home machines.


This gives the company a barrier to entry as each design is specific to the customer. Plastic packaging is increasingly popular in the food industry as it is cheaper to make and costs less to transport than traditional glass and metal containers. Revenue from the food industry tends to be fairly defensive as these are consumable and disposable items that create recurring demand.


In the automotive industry, metal parts on dashboards are also being replaced by plastic equivalents.


Shares in the company, whose client base includes Nestle, Heinz, Dulux and Unilever, surged nearly 4pc yesterday after management said it had agreed a £255m deal to acquire Hong Kong-based packaging group ACE. This deal brings 100pc ownership of five manufacturing plants in mainland China. The price paid looks reasonable as well; ACE made revenue of HK$1.35bn (£104m) and earnings of £24m, with growth of 25pc and 38pc respectively on a year earlier.

To fund the deal, RPC will carry out a private placing of 13m shares, about 8pc of the company, to raise £75m and ACE will be paid in 8.5m shares worth about £53m. The balance of the payment, up to £125m, will come from newly agreed debt facilities.

RPC has been on something of an acquisition spree during the past six months. The company paid £103.5m for UK-based Maynard & Harris last December, and £7m for Helioplast, based in Bosnia and Herzegovina, in January.

This has certainly caused the level of debt to increase from an estimated £265m at the end of March to around £315m today. However, RPC has an excellent track record of generating cash to reduce those debts. The company made about £50m in free cash flow during the first half of the year, an increase of two thirds on the same period a year earlier.

It looks as though RPC’s forecasts could get upgraded in the coming months. In the year to March 31, analysts are expecting revenue of £1.06bn and pre-tax profits of £81.5m, giving earnings per share of 37.3p. The interesting prospect is what happens when a full year of revenue and profits from the recent acquisitions kicks in. The current estimates (see table) look conservative.

RPC has a good track record with acquisitions. The company bought Superfos in 2011 and delivered more cost savings than originally anticipated. RPC said in a trading update last month that savings from the Helioplast and M&H deals were ahead of expectations.

The total dividend payout this year is expected to be 15.5p, a 4pc year-on-year increase, rising to 16.8p next year. This will represent the 21st consecutive year that the company has increased its payout, and the prospective yield is 2.5pc.

The group trades on a forward earnings multiple of 13.7, falling to 12.6. Questor thinks that looks cheap given the rapid growth of profits at the company. RPC is always at risk from a sharp increase in the price of oil, which drives up plastic polymer prices, but over the long term RPC looks well placed.

Questor advised buying the shares last year (407.7p, June 6) and since then investors have enjoyed gains of 53pc. The recent acquisitions look well priced and we are comfortable retaining our initial advice. Buy.

RPC Group: JP Morgan ups target price from 675p to 690p reiterating an overweight rating

Shares - set to reveal finals 4 June .

Final Results

http://www.moneyam.com/action/news/showArticle?id=4823408

RPC Group: Panmure Gordon ups target price from 728p to 787p and keeps a buy recommendation.

RPC Group: JP Morgan raises target price from 690p to 740p and reiterates an overweight rating

Thu, 05 June 2014

Packaging manufacturer RPC’s financials have two main drivers: macroeconomic trends and its success in moving away from what it calls ‘commoditised packaging’ in search of higher margins. On the first of those fronts, its markets in the Eurozone saw some recovery, such as in Spain, the UK and in the Nordic countries. As for the latter, after an acquisition last May the firm managed to begin to diversify away from the single currency area, which up until then had provide up to two thirds of its business.

Bolstering its drive for margins, last December it acquired M&H Plastics, a British manufacturer of personal care products, followed by the purchase of ACE. The latter fabricates differentiated packaging for the US automotive industry. The firm is also looking to establish a beachhead in Latin America. Another key aspect of the outfit is that it has not cut its dividend since coming onto the market in 1993. Furthermore, there is no reason why they should not grow at 10% a year going forward. “The shares have done well since the summer, but they look worth holding for further progress,” writes The Times’ Tempus.

Interim Management Statement

RNS


RNS Number : 4687M

RPC Group PLC

16 July 2014






16 July 2014



RPC Group



Interim Management Statement



RPC Group Plc, Europe's leading supplier of rigid plastic packaging, is issuing the following interim management statement ahead of its Annual General Meeting on Wednesday, 16 July 2014 at Stationers' Hall, Ave Maria Lane, London, EC4M 7DD.



Trading performance



Trading in the period from 1 April to 30 June 2014 ("the period") was in line with management's expectations, with both revenues and adjusted operating profit (before exceptional items) ahead of last year and the recently acquired businesses making a good contribution to the Group's performance. The appreciation of the pound versus both the Euro and US dollar had an adverse translation impact on the adjusted operating profit in the period as a significant part of revenues are in these currencies. Activity levels were slightly above the prior year on a like-for-like basis and the ACE businesses in China performed well during the period, of which the last month will be consolidated into RPC's accounts.



The Group's financial position remains robust, with satisfactory cash flow development in the quarter, and it retains significant headroom under its debt facilities.



The Vision 2020 Focused Growth Strategy continues to gain momentum. The acquisition of ACE was completed on 2 June 2014 providing the Group with a further platform for profitable growth outside Europe; its integration is progressing well. Initial customer responses to the creation of this Asian platform have been encouraging. The final phase of the "Fitter for the Future" business optimisation project continues to progress well.



Pim Vervaat, RPC's Chief Executive said:



"Our overall performance in the first quarter was robust. The acquired businesses are integrating well with performances in line with expectations and we continue to invest for organic growth in the USA to further enhance the Group's position outside Europe."

Telegraph - Fund manager's FTSE 250 share tip of the week

Each week we look at a promising mid-cap share. This week: RPC Group, a firm which supplies plastic packaging to brands such as Heinz, Dulux and Nestlé

Heinz ketchup bottles

The company, which supplies plastic packaging to Heinz, has increased its dividend for 21 consecutive years Photo: AP


By Kyle Caldwell

12:05PM BST 19 Sep 2014




Plastics specialist RPC Group is tapping into the fast-growing Asian market, which, according to fund manager James Thorne, will keep the company’s stellar dividend record on track.


The firm, which supplies plastic packaging to brands such as Heinz, Dulux and Nestlé, has increased its dividend for 21 consecutive years.


Mr Thorne, who manages the Threadneedle UK Mid 250 fund, said the firm’s acquisition of Hong Kong-based packaging group ACE in May would reduce manufacturing costs, which would help boost the firm’s profits. As the company had a generous dividend policy, the outlook for income investors looked bright, he added.


“The acquisition has given RPC the opportunity to take its European customer base into the growing Asia region while reducing costs at the same time,” Mr Thorne said. “The shares currently yield 3.4pc but the dividend should rise steadily over time and ahead of the market.”


One of RPC’s best-selling products is coffee capsules for the new generation of home machines. Mr Thorne said the firm had other new products in the pipeline that would keep it ahead of its competitors.



He said: “The company has managed to grow against the headwinds of a strong currency and a difficult European economy and we believe any improvement in these areas would lead to additional growth for the firm.”

Trading Statement

RNS


RNS Number : 9119S

RPC Group PLC

30 September 2014






30 September 2014

RPC Group Plc



Pre-close Trading Statement



RPC Group Plc, Europe's leading rigid plastic packaging supplier, today issues a pre-close trading statement.



Trading performance in the period 1 April to 30 September 2014



Revenues are expected to be significantly ahead of the corresponding period last year reflecting the contribution from recent acquisitions and good growth in the USA, coffee capsules and UK DIY markets.



The Group's operating profit (before exceptional items) in the first half year is anticipated to be in line with management expectations despite ongoing foreign exchange translation headwinds and an adverse time lag in passing through polymer prices.



The Group continues to have a strong financial position with cash flow performance in the first half year expected to be satisfactory.



Other developments



The Fitter for the Future programme is now well advanced. The sale of the Offenburg business (Germany) has completed and, as announced on 11 September 2014, the Group has entered into binding agreements on the sale of the two sheet businesses in Lokeren (Belgium) and Montonate (Italy).



The integration of the M&H Plastics and Helioplast businesses has been successfully completed whilst the integration of the ACE business is making good progress, with both packaging and non-packaging customers confirming the strategic growth potential.



Commenting on the first half year's performance and ongoing developments, Pim Vervaat, RPC's Chief Executive Officer said:



"The performance for the first half year is encouraging against the backdrop of a continuing challenging economic environment in the Eurozone. We continue to focus on delivering organic growth whilst also looking for opportunities to further benefit from the ongoing consolidation in the European rigid plastic packaging industry and the globalisation trend in higher added value products."

30 Sep Panmure Gordon 787.00 Buy

6 Nov JP Morgan... N/A Overweight

Signal Update

Our system’s recommendation today is to BUY. The BULLISH STOP LOSS pattern finally received a confirmation because the prices crossed above the Stop Loss level which was at 547.5000, and our valid average buying price stands now at 554.1400. The previous SELL signal was issued on 03/11/2014, 2 days ago, when the stock price was 539.8600. Since then RPC.L has risen by +2.65%.

Market Outlook

A rally after a bear setup can occasionally turn into an explosive long trade. We may be on the verge of catching one of them. There is now a strong positive sentiment in the market despite the absence of a bullish pattern. The bullish stop loss is finally confirmed and a BUY signal is generated. Market wants to reward the bulls. It may be now the right time to be part of this boost and bullish market sentiment by joining the growing bullish crowd.




http://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=RPC.L

seems british bulls is a lot of british bo**ocks on this one DC........

Take back what I said........ eating humble pie.,.

I will let you off then. I was thinking the same as you. :-))

Signal Update

Our system’s recommendation today is to BUY. The BULLISH HARAMI pattern finally received a confirmation because the prices crossed above the confirmation level which was at 547.0000, and our valid average buying price stands now at 559.5000. The previous SELL signal was issued on 20/11/2014, 7 days ago, when the stock price was 549.7837. Since then RPC.L has risen by +1.77%.

Market Outlook

Let’s jump on our white horses and go for a bullish ride. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. The market is telling you about a new profit. Do not miss this bullish opportunity.



http://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=RPC.L

Going well today 595p

28 Nov Deutsche Bank 680.00 Buy

Signal Update

Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 27/11/2014, 1 day ago, when the stock price was 559.5000. Since then RPC.L has risen by +5.09%.

Market Outlook

You may relax since our STAY LONG position is secure. The market action does not cast a serious doubt on the wisdom of going long.




http://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=RPC.L

RPC cheap after biggest ever deal

Recent acquisitions make shares in this growing plastics specialist look cheap, says Questor


http://www.telegraph.co.uk/finance/markets/questor/11259130/RPC-cheap-after-biggest-ever-deal.html

goody.,.

Rpc up 11.?p today DC.... going well.,.

:-))

Going to be over 600p today.,.

605p YYYYYeeeeeehhhhhaaaaa Gibby me old mate.....

good finish at 611p.,.

28 Nov Deutsche Bank 680.00 Buy - A few more miles left in the tank. :-))

Signal Update

Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 27/11/2014, 8 days ago, when the stock price was 559.5000. Since then RPC.L has risen by +9.20%.

Market Outlook

You may relax since our STAY LONG position is secure. The market action does not cast a serious doubt on the wisdom of going long.



https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=RPC.L

RPC Group: Panmure Gordon raises target price from 787p to 828p and maintains a 'buy' recommendation.

hope your right dc

Signal Update

Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 16/12/2014, 2 days ago, when the stock price was 526.5015. Since then RPC.L has risen by +2.09%.

Market Outlook

The bulls are in full control. The negative sentiment that caused the bearish stop loss to be triggered has evaporated. Besides, the signal is suggesting to STAY LONG. It is best to follow the signal and continue to STAY LONG.



https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=RPC.L

oh i'm long .....

I'm 6ft . :-))

HELL!! A savaloy :))

No a snake :-))

The drop is most probably due to the rights issue. Each Right may be used to purchase one Ordinary Share at a price of 320p per Share.The company said it is buying Icelandic-owned rival Promens for €386 million (£306 million), and part of the deal will be funded through a £200 million discounted rights issue.

Packaging in 2015 | Spotlight on… Rigid Plastics


http://www.packagingnews.co.uk/features/packaging-in-2015/packaging-2015-spotlight-rigid-plastics/

Our system’s recommendation today is to BUY. The BULLISH INVERTED HAMMER* pattern finally received a confirmation because the prices crossed above the confirmation level which was at 525.6136, and our valid average buying price stands now at 526.1936. The previous SELL signal was issued on 23/12/2014, 16 days ago, when the stock price was 515.3146. Since then RPC.L has risen by +2.11%.

Market Outlook

Let’s jump on our white horses and go for a bullish ride. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. Most probably, it is the right time to participate in bullish fervor. The market is telling you about a new profit. Do not miss this bullish opportunity.


https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=RPC.L

more bull sh*t haven't got over the last "buy signal"........

on reflection, just seen and added the rights issue at 320p and added to holding..... am actually in profit so hope sp gets back towards 570-600p sometime.

09/01/2015 BUY Pim Vervaat CEO 28,000
09/01/2015 BUY Martin Towers NED 5,416
09/01/2015 BUY James Pike CH 34,666
09/01/2015 BUY Simon Kesterton FD 1,000

Well...... just had to top up and looks a good move.,.

Looks good.

Another mention Double-digit upside and sound yield

Thanks skinny nice to see a chance of return on this one..... makes a change.,. I'll take back what i said about B.bulls.,. lol

Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 05/01/2015, 7 days ago, when the stock price was 506.8500. Since then RPC.L has risen by +6.15%.

Market Outlook

You may relax since our STAY LONG position is secure. The market action does not cast a serious doubt on the wisdom of going long.



https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=RPC.L

13 Jan Deutsche Bank 630.00 Buy

27 Jan Panmure Gordon 828.00 Buy

I'd like to see that DC....... on knees praying.....

I'm surprised it has not moved a lot faster Bb . Lets hope for another upward push.

29th January 2015.

Announcement of 3rd Quarter Interim Management Statement.

Please Note - Streaming News is only available to subscribers to the Active Level and above



Interim Management Statement
RNS
RNS Number : 4262D
RPC Group PLC
29 January 2015



RPC Group



29 January 2015



Interim Management Statement



RPC Group, the leading international rigid plastic supplier to packaging and non-packaging markets, today issues its interim management statement for the period from 1 October 2014.



Trading performance



Revenues for the Group ("continuing operations") in the third quarter of the financial year 2014/15 ("the period") increased compared to the same period last year due to the contribution from acquisitions and slightly higher underlying activity levels.



The Group's adjusted operating profit in the period was in line with management expectations and significantly ahead of prior year due to the organic growth, benefits from the Fitter for the Future programme and the contribution from acquisitions. In the period there was a benefit from the time lag in passing through declining polymer prices to the customer base which was to some extent offset by the foreign exchange translation headwinds caused by the strengthening of the £ versus the €. Both trends are anticipated to continue in the final quarter of the financial year.



The Group's financial position remains robust with satisfactory cash flow development in the third quarter and significant headroom under the Group's debt facilities.



Vision 2020



Good progress continues to be made in implementing the Vision 2020 focused growth strategy by growing organically and through acquisitions. The overall performance of M&H Plastics, Helioplast and Ace has been encouraging, and these acquisitions have enhanced the Group's management and technical capabilities whilst extending its geographical reach. The integration has now been largely completed.



The Fitter for the Future programme has been successful and is nearing completion. Preparation for the integration of Promens is progressing well with completion of the acquisition anticipated by end of March at the latest as anti-trust clearances have already been received from the German, Polish and Russian authorities.





Pim Vervaat, RPC's Chief Executive, said:



"Despite the difficult trading environment in Europe, I am encouraged by the Group's recent trading performance and the contributions from the recent acquisitions. Looking forward, the acquisition of the Promens business will be a further significant step in realising the focused growth strategy outlined in Vision 2020 whilst we continue to explore additional growth opportunities."

only blue in my lot this morning..... :)

560p today...........maybe.,.

Share centre -


RPC


RPC (RPC) General Industrials 542.50 c -1.40% Balanced Medium Buy
Analysis last updated on 30/01/15 at 545p Recommended stop loss of 15%




Company overview

RPC is a supplier of a wide range of plastic packaging, used for everything from jerry cans to fruit juice bottles and cleaning sprays, with operations in Europe, the USA and Asia. RPC is not itself a household name, but the brands for which it supplies packaging certainly are, including Ragu sauce, Nivea cream and Dulux paint.


Our view

Under/overvalued?

RPC beat market expectations with its interim results, posting a 12% rise in overall revenues and a 4% increase in like-for-like sales. Adjusted pre-tax profits were up 33% on the previous year, the dividend was raised 11%, and the company said second-half trading had begun satisfactorily. The company also announced the £307m acquisition of Promens Group, a European plastic packaging group based in Iceland, to be funded partly by a £200m rights issue.

Trading continued at a healthy level in the third quarter according to an update in January from the company. Recent acquisitions and good underlying activity both contributed, but the strength of sterling against the euro proved a headwind during the period.

RPC's shares trade on a 2016 PE of 12.3, which is slightly lower than its main UK peer Rexam even though the market is expecting RPC's earnings and dividends to grow by 20% over the next two years in contrast to a decline at Rexam.

We retain our 'Buy' recommendation on the shares because of the company's recent move into the fast-growing Asian markets, the streamlining of European operations and strong dividend policy which are all attractive for investors looking for a mixture of income and growth. The poor economic backdrop in Europe may weigh on the stock, but they still offer good value at this level.

Bullish points

• The company is making good progress with the new growth strategy adopted last year which aims to grow sales in the US and Asia both organically and through acquisitions.

• The wide range of packaging products across many different sectors provides good diversity and exposure to a number of consumer markets.

• Consumer confidence is improving in the UK and US, while the growing middle classes in emerging markets should boost growth for RPC's customers.

• A strong dividend policy which has seen payments to shareholders rise every year for the past 21 years, with a further 12% expected this year.

• Comprehensive programme to improve efficiency and profit margins through business and property disposals mostly in the UK and Europe should continue to yield results.

Bearish points

• Poor economic backdrop in mainland Europe and the cyclical nature of the business due to connection with consumer markets.

• Debt levels are relatively high for the sector which could have an impact if interest rates rise rapidly.

Comment last reviewed 30 January 2015

Author: Ian Forrest, Investment Research Analyst




The facts

The £200m rights issue to help fund the acquisition of Promens Group will be on a 1-for-3 basis at 320p, representing a 41.5% discount to the closing price the day before the announcement. The market welcomed news of the acquisition of Promens and the fact that it will enhance earnings and provide annual cost synergies of around 15m.

It will also increase RPC's market share across a number of European markets as well as in China where it will build on the ACE acquisition made earlier this year. The rights issue is due to be completed in the first quarter of 2015.

RPC acquired Chinese packaging group ACE Corp in June for $301 million, and a further $129 million will be paid if the company achieves specific performance targets over the next four years. In September RPC said the integration of the business is making good progress.


Geographic breakdown of sales for the six months to September 2014:

France 13%
Germany 32%
UK 27%
Other Europe 17%
Outside Europe 11%

Below are the trailing 12 month results to the end of the final period versus the previous 12 month trailing period. As we are reporting rolling returns below, the data will be different to that which you see on other parts of our web site. Results are as follows

Current

Basic Earnings per Share 26.4 pence
Dividend per Share 16.00 pence
Dividend Yield 2.75%
Revenue £1,079 million
Operating Profit/(Loss) £101 million
Cash on the Balance Sheet £3 million

Previous

Basic Earnings per Share 21.1 pence
Dividend per Share 15.10 pence
Revenue £988 million
Operating Profit/(Loss) £134 million
Debt to Equity 67.5%

Change

Basic Earnings per Share 25.1%
Dividend per Share 6%
Revenue 9%
Operating Profit/(Loss) -24.9%

Forecast Estimates 2016

Earnings per share 44.9
P/E 12.3
Dividend yield 3.1%

Month(s) company is expected to go ex-dividend

August
December

2 Feb Canaccord... 655.00 Buy

11 Feb RBC Capital... 670.00 Outperform

20 February 2015

For immediate release

RPC Group Plc

("RPC" or the "Company")

Completion of Promens Group AS Acquisition

RPC, the international rigid plastic supplier to packaging and non-packaging markets, is pleased to announce the completion of the acquisition of Promens Group AS ("Promens"), details of which were announced on 27 November 2014, following receipt of all required anti-trust clearances.

Pim Vervaat, Chief Executive of RPC, commented:

"We are pleased to have completed the acquisition of Promens and look forward to welcoming our new colleagues into the RPC Group. The combination of RPC and Promens will create an enhanced platform of scale across our core European end markets enabling us to deliver superior value for our customers and shareholders in the future."

Jakob Sigurdsson, President & Chief Executive Officer of Promens, commented:



"The combination of RPC and Promens will be a very powerful one which will undoubtedly deliver tremendous value for our customers through the enlarged Group's enhanced product, technology and geographic reach, together with the interaction of our respective employees in sharing best practice with their vast experience in the plastics industry. This transaction is a testimony of the outstanding work of the employees of Promens over many years."

18 Mar Jefferies... 685.00 Buy

27 Mar RBC Capital... 650.00 Outperform

Pre Close Trading Statement
RNS
RNS Number : 9077I
RPC Group PLC
31 March 2015





RPC Group



31 March 2015



Pre Close Trading Statement



RPC Group, the leading international rigid plastic supplier to packaging and non-packaging markets, today issues its Pre Close Trading Statement for the financial year ending 31 March 2015, ahead of its full year results announcement due to be published on 9 June 2015.



Trading Performance



Group revenue and adjusted operating profit ("continuing operations") for the financial year 2014/15 are anticipated to be in line with management's expectations and significantly ahead of the previous year driven by organic growth, benefits from the now concluded Fitter for the Future programme and the contribution of acquisitions.



The year benefited from the time lag in passing through declining polymer prices to the customer base, although this was largely offset by the foreign exchange translation headwinds caused by the strengthening of the £ versus the €.



The Group's financial position remains robust with satisfactory cash flow development during the period and significant headroom under the Group's debt facilities.



Implementation of Vision 2020



Good progress continues to be made in implementing the Vision 2020 focused growth strategy by growing organically and through acquisitions.



The acquisition of Promens Group AS completed on 20 February 2015. The integration of this business into RPC has commenced and is proceeding according to plan. The announced pre-tax cost synergies of at least €15 million (before integration costs) per annum are confirmed and the potential for additional synergies is actively being explored.



In February 2015, RPC also acquired PET Power which enhances its sales into the cosmetics, food and pharmaceutical markets. PET Power has one manufacturing location in the Netherlands and sales offices in the UK, Germany and Austria. Turnover in 2014 was €45 million. The business meets RPC's strict acquisition criteria and will serve as a platform for further growth in mainland Europe.



Pim Vervaat, RPC's Chief Executive, said:



"I am pleased with the improvement in business performance and by the contribution from recent acquisitions. We are progressing well with the integration of Promens and continue to explore additional growth opportunities in line with our Vision 2020 focused growth strategy."

31 Mar Panmure Gordon 828.00 Buy

IC, the shares meanwhile trade on 13 times forecast earnings , representing a good time to buy before the full effects of the recent investment in growth are realised.

Keeps trying to push through and hold the other side of 600p. Come on you bar steward :))

Well........ through 600p.....can it hold..... with the ftse through 7000.....maybe.,.

I can smell 800p :-))

Nice jump this morning of 21p so far, here we go.,.

Maybe stockwatch was wrong, now 12p up not 21 :( still a good morning though.,.

Shares - a stock that is firmly on the acquisition trail. Since 2011 RPC has completed four major acquisitions. Jefferies has a price target of 685p . It is forecasting pre-tax profit of £112.2 million in 2015, an increase of 25% over 2014.

Final results

Lookin good DC.,. 15.5p div not to be sniffed at either.

Sure does Baler. 9 Jun JP Morgan... N/A Overweight

Questor-share-tip-RPC-shares-for-long-term-growth

10 Jun Deutsche Bank 690.00 Buy
10 Jun JP Morgan... N/A Overweight

11 Jun Jefferies... 750.00 Buy

Shares - Panmure Gordon reckons the share price could grow by 31% to 828p

Capital Markets Day
RNS
RNS Number : 7429Q
RPC Group PLC
22 June 2015

22 June 2015



RPC Group Plc



Capital Markets Day



RPC Group Plc, the international plastic products design and engineering company, is today hosting a Capital Markets Day for analysts and investors in London.



The event will showcase progress to date in RPC's Vision 2020 growth strategy and provide insight into the Group's activities, technical capabilities and product portfolio.



The Group published its full year results on 9 June 2015 and no new material information or update on trading will be provided during the event.



Presentation materials will be available later today on the Group's website: www.rpc-group.com

22 Jun Deutsche Bank 690.00 Buy

23 Jun Panmure Gordon 828.00 Buy
23 Jun Deutsche Bank 730.00 Buy
23 Jun Jefferies... 750.00 Buy
22 Jun Deutsche Bank 690.00 Buy

OH YEESSS bring it on.,.

AGM Statement
RNS
RNS Number : 1313T
RPC Group PLC
15 July 2015





15 July 2015



RPC GROUP PLC



AGM Trading Update



RPC Group Plc, the international plastic products design and engineering company, issues a trading update covering the period from 1 April to 30 June 2015 ("first quarter"), ahead of its Annual General Meeting being held today.



Trading performance



Revenues in the first quarter were significantly ahead of the same period last year, benefiting from the contribution of acquisitions and continued underlying like-for-like growth. Overall trading was in line with management's expectations when taking into account the adverse impact of the time lag in passing through higher polymer prices which increased significantly in the quarter due to the unprecedented number of forces majeure in the supplier base. Polymer prices have recently started to reduce as supply constraints ease.



The integration of Promens is progressing well, with its trading performance and the realisation of cost synergies in line with expectations. The Group continues to explore further opportunities for growth and in May it strengthened its position in the UK personal care market with the acquisition of Depicton (annual turnover of circa £2m), which will be integrated into M&H.



The Group's financial position remains robust, with good cash flow development in the quarter and significant headroom under its debt facilities.



Commenting on the first quarter performance, Pim Vervaat, RPC's Chief Executive, said:



"Overall the start to the new financial year has been encouraging, certainly when taking into account the time lag in passing through higher polymer prices. The integration of the Promens business is going well and the Vision 2020 growth strategy continues to generate further opportunities for growth."

Company News

RPC Group revenues rise 'significantly' in face of polymer price swings

Wed, 15 July 2015



RPC Group Quote more


Price: 661.50

Chg: 9.00

Chg %: 1.38%

Date: 16:35



FTSE 250 Quote


Price: 17,637.08 Chg: -5.32 Chg %: -0.03% Date: 17:14

(ShareCast News) - First-quarter revenues rose significantly at RPC Group compared to the same period last year but the plastics group has had to contend with fluctuating prices for polymers.
Polymer prices increased significantly in the quarter "due to the unprecedented number of forces majeure in the supplier base", which took some time to pass onto customers.

But FTSE 250 company added that prices have started to reduce as supply constraints ease.

As a result, trading remained in line with RPC's expectations as sales were lifted by earlier acquisitions and continued underlying like-for-like growth.

"Overall the start to the new financial year has been encouraging, certainly when taking into account the time lag in passing through higher polymer prices," said chief executive Pim Vervaat.

He added that the integration of the Promens, which was acquired in February, was "going well" with trading and the realisation of cost synergies both in line with expectations.

The financial position was said to remain robust, with good cash flow development in the quarter and significant

16 Jul JP Morgan... 793.00 Overweight
16 Jul Jefferies... 750.00 Buy
16 Jul Deutsche Bank 730.00 Buy

IC - RPC's shrewd investments in an evolving market leave its shares looking very cheap on 13 times forecast earnings.

Should put a smile on Baler's face. His combine must be sinking in the mud as I write. :-))

Still bl**dy hay making, got it all yesterday thank god. Yep, combines will be rolling soon. I'm an impatient bu**er and wish this would move forward a bit more..... you keep making all these promises DC....lol

Patience, a long term hold. :-))

Baler, what sort of equiptment do you use in the West country. :-))

nearly right..... got the next model up...... so last year!!

Ex dividend 6 Aug 11p payment 4 Sept

5 Aug Jefferies... 750.00 Buy

Shares - The biggest headwinds for RPC are currency fluctuations and the time lag in passing through higher polymer prices, but Panmure Gordon still reckons the share price could grow by nearly 25% to 828p

For what its worth, with the market in such a bad way

24 Aug JP Morgan... 793.00 Overweight

14 Sep Deutsche Bank 730.00 Buy

18 Sep Panmure Gordon 828.00 Buy

1 Oct Deutsche Bank 730.00 Buy

1 Oct JP Morgan... 793.00 Overweight

Pre Close Trading Statement
RNS
RNS Number : 6009A
RPC Group PLC
30 September 2015

30 September 2015



RPC Group Plc



Pre Close Trading Statement



RPC Group Plc ("RPC" or "Group"), the international plastic products design and engineering company, today issues a pre close trading statement for the period 1 April 2015 to 30 September 2015 ("first half" or "period"), ahead of its first half results announcement due to be published on 25 November 2015.



Trading performance



Revenues in the first half are projected to be significantly ahead of the same period last year, benefiting from the contribution of acquisitions and continued organic growth. Overall trading is expected to be in line with management's expectations taking into account the adverse impact of the time lag in passing through higher polymer prices and the foreign exchange translation headwind. Polymer prices reached an all-time high in July (which will be reflected in selling prices of the Group's products) but have reduced thereafter.



The integration of Promens is progressing well, with the realisation of the previously announced cost synergies of €30m per annum coming in ahead of schedule. Further synergies are currently being assessed.



The Group's financial position remains robust, with good cash flow development in the first half and it has significant headroom under its debt facilities.



Commenting on the first half performance, Pim Vervaat, RPC's Chief Executive, said:



"Our first half performance has been encouraging and further trading improvements are anticipated in the second half as polymer prices ease and additional Promens synergies are realised. The Vision 2020 strategy continues to generate further opportunities for growth."

Moving at last .

On Friday, RPC Group PLC (RPC:LSE) closed at 665.50, 4.42 % below its 52-week high of 696.24, set on Jul 20, 2015

16 Nov JP Morgan... 829.00 Overweight

Half yearly report

25 Nov Panmure Gordon 840.00 Buy
25 Nov Canaccord... 745.00 Buy

26 Nov Deutsche Bank 760.00 Buy

27 Nov Jefferies... 850.00 Buy

Think I'm in love with this share. DC. xx

'Lovely Jubbly'

Proposed Acquisition of Global Closure Systems
RNS
RNS Number : 9150I
RPC Group PLC
14 December 2015





14 December 2015



RPC Group Plc



Proposed Acquisition of Global Closure Systems ("GCS Group")



Fully underwritten 1 for 5 rights issue to raise gross proceeds of approximately £232.6 million



RPC Group Plc ("RPC" or "the Company"), a leading plastic products design and engineering company for packaging and non-packaging markets, today announces the proposed acquisition of GCS Group, a leading global manufacturer and provider of closures and dispensing systems, for an enterprise value of €650 million (approximately £470 million1) on a cash-free, debt-free basis (the "Acquisition"), which represents a multiple of 6.8 times the GCS Seller Group's EBITDA for the 12 month period ended on 30 September 20152. On Completion, the cash consideration payable to the GCS Seller will be €186 million (approximately £134 million1).



The Board believes that GCS Group is a leading global manufacturer and provider of closures and dispensing systems for consumer products in more than 100 countries worldwide. Its global reach is underpinned by its local presence, with 21 manufacturing sites and two mould shops strategically located in 13 countries. For the year ended 31 December 2014, GCS Group achieved revenues of €590.5 million (£426.6 million1) and EBITDA of €82.8 million (£59.8 million1).



RPC proposes to fund the Acquisition through a mixture of equity (by way of a fully underwritten rights issue (the "Rights Issue")) and debt. The Rights Issue at a price of 460 pence per share will raise gross proceeds of approximately £232.6 million. The Rights Issue will be on the basis of 1 New Ordinary Share for every 5 Existing Ordinary Shares held on the Record Date. The balance will be funded through drawings on RPC's existing Revolving Credit Facility ("RCF"), which has been increased from £490 million to £770 million. The Board expects the Enlarged Group's opening leverage at 31 March 2016 to be approximately 2.1 times the Enlarged Group's EBITDA for the period ending 31 March 2016.



Highlights of the Acquisition



The Board believes that the Acquisition represents a significant opportunity for RPC to broaden its product capabilities in European rigid plastic packaging by allowing it to offer closure solutions alongside its existing packaging product offering. The Board believes that GCS Group's extensive footprint in Europe alongside a strategic foothold in Asia, the US and Latin America is highly complementary to RPC's, creating possibilities for higher combined growth and reductions in the combined cost base. The Board believes that the Acquisition is an excellent fit with RPC's Vision 2020 objectives and meets RPC's strict acquisition criteria. The Board also believes that RPC will benefit from greater product diversification, a broadened customer base, an enlarged platform to generate efficiency savings and an improved purchasing position.



The Board expects the Acquisition and Rights Issue to enhance RPC's earnings per share (adjusted for the discount element of the Rights Issue) in the first full financial year post Acquisition3 with the GCS Group's ROCE4 ahead of RPC's WACC.



The Board believes that the combination of the two businesses would create a significantly enhanced European platform in rigid plastic packaging. The Acquisition also extends RPC's reach in several niche end-markets, creating significant opportunities for enhanced combined growth and scale. The Board believes that the Acquisition is attractive to RPC's shareholders and offers a number of benefits and opportunities, in particular:



· Further strengthening of European market position



− The Board believes that GCS Group is a well-established and highly respected market player with a well invested European and global manufacturing footprint

− The Board believes that the GCS Group product range of closures and dispensing systems will enable RPC to better serve its customers and operate as a one-stop-shop providing a combined containers and closures solution on a global basis



· Strengthening of selected market positions in core European end-markets



− The Board believes that GCS Group is a leader in Europe for the food, household and pharma end-markets, and a highly positioned player for personal care, beverage and wine and spirits end-markets

− The Board believes that GCS Group has a diversified customer base and serves some of the leading companies and distributors in Europe in each of its six end-market categories, which are complementary to RPC



· Reinforces presence outside of Europe



− GCS Group operates manufacturing facilities in Mexico, the US, Thailand, the Philippines and China. In addition, it has licence agreements in a further nine countries (Argentina, Brazil, Mexico, Morocco, Tunisia, Israel, South Korea, India and the UAE)

− The Board believes that the Chinese and US operations will complement RPC's existing presence in these regions, while the additional sites will enable RPC to further extend its global reach and reinforce its growing presence outside of Europe, one of the key pillars of RPC's Vision 2020 strategy



· Higher operating margins through procurement synergies



− The Board is targeting ongoing annual pre-tax cost synergies of €15 million per annum, fully realisable within the first two full years following Completion

− The majority of these cost synergies are related to polymer purchasing and other areas of procurement (particularly in Europe)

− The Board has also identified some opportunities for removal of duplicate administrative overheads and the optimisation of the Group's manufacturing footprint

− The realisation of the targeted cost synergies is anticipated to require a cash outlay of approximately €10 million, expected to be incurred in the first full year of ownership

− There is also scope for cash synergies, beyond the €15 million per annum identified cost synergies, arising from the alignment of capital expenditure and improved working capital management



· Adding niche technologies



− The Board believes that GCS Group is a global specialist in plastic closures and dispensing systems serving a wide range of end-markets. The Acquisition will add to the existing caps, closures and lids section capabilities of RPC



· Enhancing scale in polymer buying



− RPC currently purchases approximately 475,000 tonnes of polymer per annum, mainly in Western Europe, while GCS Group purchases approximately 135,000 tonnes of polymer per annum, with both companies sharing the same key suppliers

− The Enlarged Group's polymer consumption is expected to equate to approximately 6 per cent. of the total Western European output of polymers for rigid plastic packaging

− Following Completion, RPC intends to centrally co-ordinate the purchase of polymers across the Enlarged Group, rolling out its own optimised purchasing strategy



Pim Vervaat, Chief Executive of RPC, commented:



"Today's announcement marks a further key milestone in the execution of our Vision 2020 strategy.



The proposed acquisition of GCS Group provides a compelling opportunity for RPC to expand its product offering with an extensive range of highly complementary closure and dispensing solutions and technologies.



The combination will further strengthen RPC's European platform in rigid plastic packaging, with our enhanced scale creating significant opportunities for procurement and efficiency synergies whilst providing additional platforms for growth outside Europe.



We believe RPC and GCS Group are an excellent fit and we look forward to developing our enlarged platform to generate further value for our customers and shareholders."



As a result of its size, the Acquisition is conditional upon, among other things, the approval of Shareholders of RPC at the General Meeting to be held on 4 January 2016; completion of the Works Councils information and consultation processes; obtaining approvals required by the relevant competition authorities in certain jurisdictions and the Underwriting Agreement having become unconditional (other than in respect of the condition relating to Admission). The Acquisition is expected to complete by the end of March 2016.



A prospectus relating to the Acquisition and the New Ordinary Shares (the "Prospectus") is expected to be published and posted to Shareholders on or around 14 December 2015. The Prospectus, when published, will be made available on RPC's website (www.rpc-group.com) and will be submitted to the National Storage Mechanism and be available for inspection at www.morningstar.co.uk/uk/nsm.do.



Details of the fully underwritten Rights Issue



RPC proposes to raise approximately £232.6 million (£227.0 million, net of expenses) by way of a rights issue of up to 50,568,136 New Ordinary Shares at 460 pence each on the basis of 1 New Ordinary Share for every 5 Existing Ordinary Shares held on the Record Date.



The issue price will be 460 pence which represents a discount of 35.1 per cent. to the theoretical ex-rights price of 709 pence per Ordinary Share on the Latest Practicable Date, adjusted for the interim dividend for the six months ended 30 September 2015 of 5.2 pence per share which will be paid to Shareholders who are on the register of members of the Company at the close of business on 29 December 2015.



The Rights Issue has been fully underwritten by the Underwriters. The Rights Issue is being made to all Qualifying Shareholders (other than, subject to certain exemptions, Excluded Overseas Shareholders) on the register of members of the Company at the close of business on 29 December 2015.



The New Ordinary Shares will not be entitled to the interim dividend for the six month period ended 30 September 2015 because they will be issued after the end of the period to which the interim dividend relates.

Bet you're getting some pennies together in readyness for this one DC

:-))

Shares - RPC is targeting €15 million of annual cost synergies from the deal, but it has a history of under-promising and over-delivering. When it acquired Promens in February it was targeting £21.6 million of synergies, but it recently increased this to £36 million.

OH YES!

:-)) RPC Group PLC (RPC:LSE) set a new 52-week high during today's trading session when it reached 823.00. Over this period, the share price is up 55.35%.

Ex dividend 24 Dec 2015 RPC Group PLC (5.2 P)

Profit all the way to the bank. Nice Christmas present for us DC. :))

The best options for dividend income that will grow over the long term can often be found outside the FTSE 100 index. Sometimes in the search for income it can be beneficial to move away from the crowded trades in the bigger stocks, which can become value traps.

Plastics group RPC is expected to increase dividend payments by 9pc during each of the next two years, and those payments are covered almost three times by earnings.



telegraph.FTSE-100-companies-most-exposed-to-a-dividend-cut-and-some-alternative-options.l

Lovelyjubbly Rodders.,.

Are we going to get a look in on the rights issue or is it going to be institutions only DC.

You should here in the next couple of days. Payment has to be made by 19 Jan.

got it today, no excess to buy though..... :((

Good Baler.


6 Jan Jefferies... 900.00 Buy :-))

A buy in this weeks IC. The stars look well aligned for Rpc in 2016. There should be potential for further earnings forecast upgrades from here and that does not look fully reflected in the shares next 12 months earnings multiple, which represents a near 10% discount to peers.

One of IC's 2016 tips of the year.

let it pull back with the market and jump in.,.

Broker Forecast - Numis issues a broker note on RPC Group PLC
Numis today initiates coverage of RPC Group PLC (LON:RPC) with a add investment rating and price target of 848p. Story provided by StockMarketWire.com

Trading Statement
RNS
RNS Number : 2198N
RPC Group PLC
28 January 2016



28 January 2016



RPC Group



Trading Statement



RPC Group ("RPC Group" or "RPC"), a leading plastic products design and engineering company for packaging and non-packaging markets, today issues a trading statement for the period from 1 October 2015.



Trading performance third quarter 2015/16



Revenues for the Group in the third quarter of the financial year 2015/16 ("the period") increased significantly compared to the same period last year due to continued underlying organic growth and the contribution of acquisitions. The adjusted operating profit for the period was also significantly ahead of last year and in line with management's expectations. The period benefited from the time lag in passing through polymer price variations which partly compensated for the adverse effect of this in the first half of the year.



The Group achieved good cash flow development in the period and retains a robust financial position with significant headroom under its debt facilities.



Vision 2020 strategy



RPC announced the acquisition of Global Closure Systems ("GCS") in December 2015, a leading global manufacturer and provider of closures and dispensing systems, for an enterprise value of €650 million. RPC believes that GCS is an excellent fit with its Vision 2020 objectives and meets RPC's acquisition criteria. The completion of the acquisition is expected in March 2016 with the preparation planning for the integration currently underway.



The realisation of the Promens related synergies continues to progress well.



Pim Vervaat, RPC's Chief Executive, said:



"The Group performance in the quarter has been encouraging. Looking ahead, the addition of the GCS business will be another significant step in realising the Vision 2020 focused growth strategy."

28 Jan Numis 848.00 Add
28 Jan Panmure Gordon 870.00 Buy

Ouch. Drop today.

Where's this going DC?" any thoughts.

Baler, with the way the Ftse is performing of late (downward trend ) this company share is falling along with most others. A very good board of directors controlling the company, along with very good prospects from the recent takeovers. The sp has dropped from a high of about 850p to todays 680p, down about 170p or 20%. Hard to advise but there is a lot worse out there.

Broker Forecast - Canaccord Genuity issues a broker note on RPC Group PLC
Canaccord Genuity today reaffirms its buy investment rating on RPC Group PLC (LON:RPC) and raised its price target to 815p (from 745p). Story provided by StockMarketWire.com

Hi dreamcatcher

If you took up your Rights when issued the picture is not as bad as you have painted.

Price when issued 820p times five plus one share at 460p equals 4560p divided by six is 760p.

So any comparison has to take account of the new circumstances.

Cheers churchill2, I don't think balerboy took up the Rights issue. As you correctly state, certainly a better picture for those that did.

Oh yes he did :))

:-))

8 Mar Jefferies... 900.00 Buy

Pre Close Trading Statement

RNS


RNS Number : 6121T

RPC Group PLC

31 March 2016




31 March 2016



RPC Group



Pre Close Trading Statement



RPC Group ("RPC" or the "Group"), a leading plastic products design and engineering company for packaging and non-packaging markets, today issues its pre close trading statement for the financial year ending 31 March 2016, ahead of its full year results announcement due to be published on 2 June 2016.





Trading Performance



Revenues for the financial year 2015/16 are anticipated to be significantly ahead of last year benefiting from continued organic growth throughout the year and the contribution from acquisitions. The adjusted operating profit is also expected to be significantly higher than last year and in line with management expectations as the first phase of Promens related synergies have been fully realised.



The Group's financial position remains robust with good cash flow development projected for the year and significant headroom remaining under the Group's debt facilities.





Vision 2020 Strategy



The Group continues to make good progress in implementing the Vision 2020 focused growth strategy by growing organically and through acquisitions. The acquisition of Global Closure Systems ("GCS"), a leading global manufacturer and provider of closures and dispensing systems, was completed on 29 March and preparations for its integration into RPC are well advanced.



The Group also completed the acquisition of JP Plast on 8 March 2016. The JP Plast acquisition meets all of the Group's strict acquisition criteria and had sales of €13.5m during 2015 operating from two well-invested locations in the Czech Republic and Slovakia where it has market leading positions.



The second phase of the realisation of the Promens related synergies is progressing in line with plan, with the work force consultation of various foreseen plant closures either concluded or well advanced.





Pim Vervaat, RPC's Chief Executive, said:



"I am pleased with the Group's performance during the year and the continued implementation of the Vision 2020 growth strategy. I am looking forward to further growth in 2016/17 with GCS adding high added value product ranges to the Group's overall product offering and further extending our global reach."

Final results

Key developments

· The Vision 2020 strategy continues to drive significant growth both organically and through acquisitions with the Global Closures Systems Group (GCS) acquisition completed (29 March 2016) and four further acquisitions made during the year;

· Revenues increased by 34% reflecting the contribution from recent acquisitions and a 4% like-for-like growth in packaging sales;

· The integration of GCS and the second phase of the realisation of the Promens related synergies are progressing well. The steady state cost synergies associated with these two acquisitions are now projected to be €80m per annum, €15m higher than previously estimated;

· Adjusted EPS improved by 14% to 43.3p (2015 restated: 38.0p) with good cash generation and net cash flow from operating activities at £150.9m (2015: £92.7m);

· Final dividend of 12.3p recommended giving a total year dividend of 17.1p (restated and 2015 restated: 14.3p) representing a 20% increase over the previous year and in line with our progressive dividend policy

3 Jun JP Morgan... N/A Overweight
3 Jun Jefferies... 950.00 Buy
3 Jun Deutsche Bank 870.00 Buy

Recommended offer

RPC's BPI offer recommended

StockMarketWire.com

RPC Group's 470p-a-share, plus 0.60141 of a new RPC share, offer for British Polythene Industries has been recommended.

RPC is also raising �90m gross via a placing to part finance the cash consideration element of the deal.

The acquisition offer valued the issued share capital of BPI at about �261m on a fully diluted basis.

Based on the closing price of 815.5p per RPC share on June 8, the offer represents a value of about 960.4p per BPI Share and a premium of about 32% to the closing price of 725p per BPI share.

RPC's CEO, Pim Vervaat, said:

"With today's announcement, RPC is taking another important step in delivering its Vision 2020 strategy.

"The proposed Offer for BPI represents a compelling strategic opportunity for RPC to enter the European polythene films market through an established platform.

"BPI has a strong product portfolio with attractive market positions in its core markets in Europe.

"The combination will further broaden RPC's range of polymer conversion technologies in line with global peers, establish a new growth platform with a strong cost synergy potential whilst enhancing the Group's overall polymer buying capability.

"I believe the combination of RPC and BPI is an excellent strategic fit and look forward to growing the enlarged platform to continue generating value for our customers and our shareholders."

Broker Forecast - Numis issues a broker note on RPC Group PLC

BFN

Numis today reaffirms its add investment rating on RPC Group PLC (LON:RPC) and set its price target at 900p.

Story provided by StockMarketWire.com

Broker Forecast - JP Morgan Cazenove issues a broker note on RPC Group PLC

BFN

JP Morgan Cazenove today reaffirms its overweight investment rating on RPC Group PLC (LON:RPC) and raised its price target to 1004p (from 923p).

Story provided by StockMarketWire.com

Broker Forecast - Jefferies International issues a broker note on RPC Group PLC

BFN

Jefferies International today reaffirms its buy investment rating on RPC Group PLC (LON:RPC) and raised its price target to 1000p (from 950p).

Story provided by StockMarketWire.com

8 Jul JP Morgan... 978.00 Overweight

Trading Statement

RNS


RNS Number : 7289D

RPC Group PLC

11 July 2016






11 July 2016

RPC GROUP PLC



Trading Update



RPC Group Plc ("the Group" or "RPC"), a leading international plastic products design and engineering company for both packaging and non-packaging markets, issues a trading update for the period from 1 April 2016 to 30 June 2016 ("first quarter") ahead of its Annual General Meeting being held on 13 July.





Trading performance



Revenues in the first quarter were significantly higher than the same period last year due to continued underlying organic growth and the contribution of acquisitions. Adjusted operating profit for the period, at constant currencies, was also significantly ahead of last year and ahead of management's expectations driven by increased sales volumes, the realisation of synergies, a reversal of last year's polymer headwind and a better than anticipated contribution from Global Closure Systems ("GCS"), whose acquisition was completed at the end of March. The Group's results also benefited from a favourable currency translation impact from a weaker sterling versus the euro and US$ as c.75% of the Group's revenues are generated outside the UK.



Good cash flow was achieved in the period and the Group retains a robust financial position with significant headroom under its debt facilities.





Other key developments



The organisational integration of GCS into RPC's Bramlage division is progressing well and is substantially complete. The realisation of the anticipated €80m of total steady state synergies associated with the acquisition of GCS and Promens remains on track.



On 9 June, RPC announced a recommended cash and share offer for the entire issued and to be issued ordinary share capital of British Polythene Industries Plc ("BPI"). BPI shareholders will vote on the proposal on 25 July and, subject to their approval, the acquisition which has already received unconditional merger clearance from the European Commission is expected to complete early August.





Pim Vervaat, RPC's Chief Executive, said:



"The Group's overall performance in the quarter was encouraging with GCS performing ahead of expectations. The anticipated addition of the BPI business will be another significant step in realising our Vision 2020 focused growth strategy. RPC is generally well placed to operate in periods of macro-economic uncertainty, including that which may be caused by the outcome of the UK referendum on the EU, as it has robust market positions in relatively defensive end-markets, particularly in the UK. The weakening of sterling enhances the competitiveness of the UK operations due to the higher cost of imports from mainland Europe, and the Group's position as a modest net exporter from the UK may incrementally benefit its performance."

Broker Forecast - Credit Suisse issues a broker note on RPC Group PLC

BFN

Credit Suisse today initiates coverage of RPC Group PLC (LON:RPC) with a outperform investment rating and price target of 1025p.

Story provided by StockMarketWire.com

RPC Group PLC (RPC:LSE) set a new 52-week high during today's trading session when it reached 884.50. Over this period, the share price is up 44.35%.

Broker Forecast - Panmure Gordon issues a broker note on RPC Group PLC

Panmure Gordon today reaffirms its buy investment rating on RPC Group PLC (LON:RPC) and set its price target at 1156p. Story provided by StockMarketWire.com

17 Aug Deutsche Bank 970.00 Buy

11:10 15/09/2016
Broker Forecast - Berenberg issues a broker note on RPC Group PLC

Berenberg today initiates coverage of RPC Group PLC (LON:RPC) with a buy investment rating and price target of 1050p. Story provided by StockMarketWire.com

Pre Close Trading Statement
RNS
RNS Number : 1288L
RPC Group PLC
29 September 2016
 
29 September 2016
 
 
RPC Group Plc
 
Pre Close Trading Statement
 
RPC Group Plc ("RPC" or "Group"), the international plastic products design and engineering company, today issues a pre close trading statement for the period 1 April 2016 to 30 September 2016 ("first half" or "period"), ahead of its first half results announcement due to be published on 30 November 2016.
 
Trading performance
 
Revenues in the first half are projected to be significantly ahead of the same period last year, benefiting from the contribution of acquisitions and continued organic growth. The adjusted operating profit for the first half is also anticipated to be significantly ahead of last year due to organic growth, realisation of synergies, the part reversal of last year's polymer price headwind and a foreign exchange translation benefit.
 
The organisational integration of GCS has been completed and its overall trading performance is ahead of previous expectations. The acquisition of British Polythene Industries ("BPI") was completed in August and has been integrated into RPC as a sixth stand-alone division. Initial trading has been encouraging. The overall acquisition related cost synergies (steady state €80m related to Promens / GCS and £10m for BPI) are currently being reviewed to assess potential further upside.
 
The Group's financial position remains strong, with good cash flow development in the first half and it has significant headroom under its debt facilities.
 
Commenting on the first half performance, Pim Vervaat, RPC's Chief Executive, said:
 
"Our first half performance has been encouraging. We are delighted with our acquisition of BPI and we can see real potential for this business as part of the Group. Looking forward, further opportunities to grow and enhance RPC's overall position are actively being pursued in line with our Vision 2020 strategy."

£10 coming soon.

:-)) Broker Forecast - Panmure Gordon issues a broker note on RPC Group PLC
Panmure Gordon today reaffirms its buy investment rating on RPC Group PLC (LON:RPC) and raised its price target to 1200p (from 1156p). Story provided by StockMarketWire.com

30 Sep
Numis
1,100.00
Add

30 Sep
Deutsche Bank
1,000.00
Buy

30 Sep
JP Morgan...
N/A
Overweight

30 Sep
Jefferies...
1,100.00
Buy

nearly there Balerboy. :-))

This rally can't keep going. Took some profit in boo a couple of days ago but still it goes up. Feel I ought to do same here but when.......... feel fingers are going to get burnt very soon.

22 Nov
Jefferies...
1,100.00
Buy

Response to media speculation
RNS
RNS Number : 7573P
RPC Group PLC
21 November 2016
 
21 November 2016
 
RPC GROUP PLC
 
Response to media speculation
 
The Board of RPC Group Plc ("RPC" or the "Group"), the international plastic products design and engineering company, notes the recent media speculation regarding potential acquisitions by RPC. In line with its clearly stated M&A strategy RPC continually assesses potential acquisition opportunities of all sizes, many of which do not lead to any form of transaction. RPC has a disciplined approach to balance sheet management and M&A and adopts strict financial and other criteria.
 
There can be no guarantee that any of these discussions or future discussions would result in a transaction.

Well DC we're into £10 territory ...... Will it hold....

Appointment of Joint Corporate Broker
RNS
RNS Number : 1278Q
RPC Group PLC
25 November 2016
 
25 November 2016
 
RPC Group Plc
Appointment of Joint Corporate Broker
RPC Group Plc, a leading international plastic products design and engineering company for both packaging and non-packaging markets, announces the appointment of Jefferies International to act as its joint corporate broker alongside Deutsche Bank.

25 Nov
Credit Suisse
1,040.00
Outperform
22 Nov
Jefferies...
1,100.00
Buy

StockMarketWire.com
RPC Group has hiked its H1 statutory pretax profit by 79% to £72.5m, from £40.5m. Interim dividend was 6.5p a share, from 4.8p.

It said revenue was £1.23bn, from £800m.

"I am very pleased with the overall business performance in the first half year, leading to record profitability levels with solid underlying organic growth and strong cash conversion," said CEO Pim Vervaat.

"Both the GCS and BPI acquisitions, whose integration is well advanced, have performed well with additional cost synergies identified.

"As we successfully execute our stated Vision 2020 strategy, further attractive opportunities to grow the Group present themselves as the pace of consolidation in the industry accelerates.

"Good opportunities exist for higher added value organic growth whilst at the same time consolidating certain market positions. The second half year has started well."

KEY DEVELOPMENTS:
- Revenue, profit and cash flow reached record levels driven by the successful implementation of the Vision 2020 growth strategy;

- Revenues grew 53% reflecting the contribution from recent acquisitions and c.3% underlying organic growth;

- Return on sales improved to 11.1% (2015: 10.3%);

- Adjusted operating profit of £136.3m with the adjusted EPS improving by 45% to 30.7p;

- Strong cash generation with free cash flow at £118m (2015: £57m);

- Significant acquisition (BPI) made during the period, with four further acquisitions completed after the half year;

- GCS organisational integration completed and BPI's integration well advanced. Overall acquisition related steady state cost synergy forecast increased from £92m to at least £100m per annum;

- Interim dividend of 6.5p up 35%.

Cheers Harry, going great guns.

30 Nov
Panmure Gordon
1,200.00
Buy

30 Nov
Numis
1,200.00
Add

still with you DC :-))

Interim dividend Jan 2017 (6.5p)


26 Jan 17 - announcement of 3rd quarter interim management statement

30 March 17 pre close trading statement

7 June full 2016/17 results.


A fantastic board on company takeovers.

PDYOR

12 Dec
Berenberg
1,130.00
Buy

david-buiks-share-tips-2017

Proposed Acquisition of ESE World B.V.
RNS
RNS Number : 8942R
RPC Group PLC
15 December 2016
 
15 December 2016
 
RPC Group Plc
 
Proposed Acquisition of ESE World B.V.
 
RPC Group Plc ("RPC"), a leading international design and engineering company of plastic products for both packaging and non-packaging markets, today announces its proposed acquisition of ESE World B.V. ("ESE" or the "Company") from Stirling Square Capital Partners for a consideration of €262.5 million subject to customary adjustments (the "Proposed Acquisition").
 
ESE is Europe's largest "pure play" temporary waste storage solutions provider with well-known regional and pan-European brands. The Company services a broad customer base ranging from local municipalities to private waste service providers. ESE's manufacturing footprint comprises one facility in Germany and one in France, in addition ESE has one R&D centre in Germany. Overall the Company employs approximately 600 full time employees. For the year ending 31 December 2016, the Company is expecting to achieve revenues in excess of €200 million whilst consuming circa 45kt of polymers. Björn Hedenström, Chief Executive Officer of ESE, will continue to lead the business which will be an independent business unit within the RPC Promens division going forward.
 
RPC will fund the consideration through its existing debt facilities.
 
Highlights of the Proposed Acquisition
 
The Proposed Acquisition of ESE represents a strategic opportunity to enter into a high added value polymer consuming segment in a stable and growing European market, with good management and well-established market positions supported by industry recognised branded products. The Proposed Acquisition represents an excellent fit with RPC's Vision 2020, meeting RPC's strict acquisition criteria and building on RPC's successful acquisition history in Europe. Other highlights of the Proposed Acquisition include:
 
·     Strategic opportunity to acquire an established growth platform in the European waste storage solutions market.
·      Acquisition of a complementary business to RPC's existing materials handling business.
·      Enhances the Group's overall polymer procurement position.
·      Provides an enlarged platform to generate cost, purchasing and efficiency savings.
·      Acquisition expected to be earnings accretive from year 1 with ROCE in excess of WACC, whilst RONOA and return of sales levels are expected to be comfortably ahead of the minimum hurdle levels of 20% and 8% respectively.
 
 
Pim Vervaat, Chief Executive of RPC, commented:
 
"The acquisition of ESE provides yet another good opportunity for RPC to expand its product offering with a quality growth platform in Europe. The combination will further enhance the Group's overall scale creating good opportunities for procurement and efficiency synergies. I look forward to working with Björn and the management team to take ESE to the next stage of its strategic development." 
 
The Proposed Acquisition is conditional upon obtaining certain regulatory approvals from competition authorities in certain jurisdictions and is expected to complete in the first quarter of 2017.

15 Dec
Numis
1,200.00
Add

16 Dec
Jefferies...
1,220.00
Buy

3 Jan
Credit Suisse
1,210.00
Outperform

Acquisition and fully underwritten rights issue

RNS


RNS Number : 4219W

RPC Group PLC

09 February 2017




THIS ANNOUNCEMENT (AND THE INFORMATION CONTAINED HEREIN) IS NOT FOR RELEASE, PUBLICATION, DISTRIBUTION OR FORWARDING, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.

THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND DOES NOT CONSTITUTE A PROSPECTUS OR A PROSPECTUS EQUIVALENT DOCUMENT. NOTHING HEREIN SHALL CONSTITUTE AN OFFERING OF NEW ORDINARY SHARES. NOTHING IN THIS ANNOUNCEMENT SHOULD BE INTERPRETED AS A TERM OR CONDITION OF THE RIGHTS ISSUE. ANY DECISION TO PURCHASE, SUBSCRIBE FOR, OTHERWISE ACQUIRE, SELL OR OTHERWISE DISPOSE OF ANY NIL PAID RIGHTS, FULLY PAID RIGHTS OR NEW ORDINARY SHARES MUST BE MADE ONLY ON THE BASIS OF THE INFORMATION CONTAINED IN AND INCORPORATED BY REFERENCE IN THE PROSPECTUS ONCE PUBLISHED. COPIES OF THE PROSPECTUS WILL, FOLLOWING PUBLICATION, BE AVAILABLE FROM THE REGISTERED OFFICE OF RPC GROUP PLC AND ON ITS WEBSITE AT WWW.RPC-GROUP.COM.
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED TO CONSTITUTE INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.



9 February 2017



For immediate release

RPC Group Plc

Proposed Acquisition of Letica Group and fully underwritten 1 for 4 rights issue to raise gross proceeds of approximately £552 million

RPC Group Plc ("RPC" or the "Group"), a leading plastic products design and engineering company for both packaging and selected non-packaging markets, today announces the proposed acquisition (the "Acquisition") of the Letica Group ("Letica") and a fully underwritten rights issue to raise gross proceeds of approximately £552 million (the "Rights Issue").

The upfront consideration to be paid to the Letica shareholders is US$490 million (£391 million)1, and total consideration, which includes an earn-out consideration, is up to US$640 million (£511 million) on a cash-free, debt-free basis, subject to customary adjustments. The additional earn-out consideration of up to US$150 million (£120 million) will become payable, on a rateable basis, subject to Letica achieving EBITDA greater than US$140 million and up to US$201 million over the two-year period commencing on the later of 1 July 2017, and the first day of the month following completion of the Acquisition (the "Letica Financial Period"). The upfront consideration to be paid for Letica represents a multiple of 8.5 times Letica's adjusted EBITDA2 for the year ended 30 June 2016. If the full additional earn-out payment is achieved, the total consideration payable represents a multiple of 6.4 times Letica's average adjusted EBITDA2 over the Letica Financial Period.

Letica is a leading North American manufacturer and distributor of rigid plastic packaging and foodservice products serving building and construction, foodservice, food, chemical and retail end markets. Letica operates a wide range of production processes, including injection moulding, thermoforming, paper forming and sheet extrusion, and has an in-house design centre with high-quality printing, decorating and labelling capabilities. Letica has built longstanding relationships with leading, blue-chip customers in a range of attractive and resilient end markets. Headquartered in Rochester, Michigan, Letica owns a network of 13 well-capitalised manufacturing facilities in 11 states in the United States, employing a non-unionised workforce of approximately 1,750 people. For the year ended 30 June 2016, Letica achieved revenues of US$450 million (£359 million) and adjusted EBITDA2 of US$57 million (£46 million).

Letica's President and Chief Executive Officer, Anton Letica, and Vice President of Operations and General Counsel, Mara Letica, have agreed to remain with the business until at least the end of the Letica Financial Period in order to manage the transition of certain commercial relationships. Letica will operate as a standalone business unit within the RPC Superfos division going forward.

Since 30 September 2016, RPC has acquired, or agreed to acquire, six companies for an aggregate enterprise value of approximately £460 million3. The combined consideration for these acquisitions and the upfront consideration for Letica is approximately £850 million. The fully-underwritten Rights Issue will be used to satisfy part of the consideration for the Acquisition and allow RPC to repay amounts drawn under its existing debt facilities following the completion of the other recent acquisitions to target a leverage of approximately 2.1 times net debt / EBITDA4. The Rights Issue will be on the basis of 1 new ordinary share ("New Ordinary Share") for every 4 existing ordinary shares ("Existing Ordinary Shares") held at the close of business on 7 February 2017 (the "Record Date") at a price of 665 pence each and will raise gross proceeds of approximately £552 million (approximately £540 million net of expenses).

RPC has entered into a US$750 million multi-currency term loan facility agreement with seven major UK, European and US banks as joint arrangers and lenders and with COMMERZBANK Finance & Covered Bond, S.A. as agent (the "Dollar Term Facility"). Subject to certain customary conditions precedent to utilisation, the funds will be available up to and including 30 July 2018, with an option to extend the termination date on three separate occasions for further periods of six months each. The Dollar Term Facility may be used for payment of the consideration for and costs incurred in connection with the Acquisition, the refinancing of certain financial indebtedness of Letica and/or the repayment of certain existing debt facilities.

Highlights of the Acquisition

The Acquisition represents a strategic step for RPC to create a meaningful presence outside of Europe, one of the key pillars to RPC's Vision 2020 strategy. Letica is a leading manufacturer of rigid plastic packaging in North America, which the directors of RPC (the "Directors") believe provides the Group with a highly-complementary platform from which to make future growth investments in North America.

The Directors believe the Acquisition is attractive to RPC's shareholders and offers a number of benefits and opportunities; in particular:

· Letica enjoys strong positions in attractive markets

- Leading positions in growing end markets

- Important partner for many blue-chip, North American customers and brands

- Primary supplier to its largest customers



· Letica represents a strategic platform for continued growth and investment

- Embedded culture of innovation and new product development

- Deep injection moulding expertise with differentiated design and printing capabilities

- Broad portfolio of over 250 product configurations



· The enlarged Group will have a meaningful presence in North America

- Well-capitalised North American footprint, with 13 owned manufacturing facilities in 11 states

- Approximately 1.7 million sq. ft. manufacturing and warehouse footprint

- Integrated distribution network supports attractive delivery and turnaround times

- Expected to more than double RPC's North American revenues and polymer purchases5



· Letica has an attractive financial profile with clear synergy opportunities

- Resilient and growing business with incremental cost savings and productivity plans in place by Letica management to expand margins

- Highly-visible additional cost synergy opportunities for RPC (e.g. resin purchasing and distribution); additional potential upside from best practice sharing and cross-selling

- Manageable integration requirements; key Letica family members remaining with the business



The acquisition of Letica is expected to deliver pre-tax cost synergies of at least US$5 million per annum (before integration costs), to be achieved within the second full financial year of ownership. Synergies are expected to be realised from cost reductions, principally through polymer purchasing optimisation, distribution and logistics optimisation using Letica's truck business, the elimination of duplicate head office costs and other functions, efficiency savings and transfer of best practices. One-time costs to achieve ongoing synergies are not expected to be material in the context of the Acquisition.

The management team of Letica has identified approximately US$12 million per annum of incremental cost savings opportunities, relating to a range of planned optimisation programs. These relate primarily to costs savings as a result of closer alignment of current Letica benefit programs to market terms, enhanced efficiency in the incurrence of selling, general and administrative expenses, and manufacturing cost improvements. The Directors understand that Letica management expects these savings can be realised within a 24-month timeframe from completion of the Acquisition, and that costs to achieve these savings are not expected to be material in the context of the Acquisition.

The Acquisition meets or exceeds all of RPC's stated acquisition criteria, and is expected to enhance RPC's earnings per share in the first full financial year post completion6 with Letica's ROCE7 ahead of RPC's WACC. Letica's RONOA7 and RoS7 were more than 20% and more than 10%, respectively, for the financial year ended 30 June 2016, in line with RPC's acquisition criteria.

Pim Vervaat, Chief Executive of RPC, commented:

"Letica represents an excellent opportunity in the context of the Group's growth strategy to create a meaningful presence outside of Europe.

The acquisition of Letica provides a unique opportunity to further extend RPC's geographical reach into the attractive North American market through Letica's strong and well-invested manufacturing footprint. We are excited to be able to develop an enhanced platform of scale to support continued organic and inorganic growth in the United States.

I look forward to working with Anton and the management team to take Letica to the next stage of its strategic development."



The Acquisition is not subject to shareholder approval, and is conditional, amongst other things, on filing a notification and report form with the United States Federal Trade Commission and the United States Department of Justice pursuant to the United States Hart-Scott-Rodino Antitrust Improvements Act of 1976 and the underwriting agreement entered into between RPC and the Underwriters (as defined below) having become unconditional. The Acquisition is expected to complete by the end of March 2017.

For the financial year ended 30 June 2016, Letica reported profit before tax of US$27 million (£22 million). As at 30 June 2016 Letica had net assets of US$82 million (£66 million) and gross assets of US$176 million (£140 million).



Details of the fully underwritten Rights Issue



RPC proposes to satisfy part of the consideration for the Acquisition and to repay amounts drawn under its existing debt facilities following the completion of the other recent acquisitions8 through a fully underwritten rights issue of 82,954,687 New Ordinary Shares at 665 pence each on the basis of 1 New Ordinary Share for every 4 Existing Ordinary Shares held on the Record Date to raise gross proceeds of approximately £552 million (approximately £540 million net of expenses).

As the Rights Issue is not conditional upon completion of the Letica Acquisition, the Rights Issue would complete even if the Acquisition does not complete. In the event that the Rights Issue completes, but completion of the Acquisition does not take place, the Company intends that the net proceeds of the Rights Issue that would otherwise have been used to satisfy part of the consideration payable on completion of the Acquisition will be used for general corporate purposes and (where possible) acquisitions that fulfil the Company's clear strategic objectives.

The issue price of 665 pence per share represents:

· a discount of 37.2 per cent. to the middle market closing price of 1,059 pence per Ordinary Share on 8 February 2017, being the last business day before the announcement of the Rights Issue; and

· a 32.2 per cent. discount to the theoretical ex-rights price of 980 pence on that closing price.



The Rights Issue has been fully underwritten by Deutsche Bank AG, London Branch ("Deutsche Bank"), Jefferies International Limited ("Jefferies") and Merrill Lynch International ("BofA Merrill Lynch") (together, the "Underwriters"), and is not subject to shareholder approval.

The Rights Issue is being made to all holders of ordinary shares on the register of members of the Company at the close of business on the Record Date ("Qualifying Shareholders") (other than, subject to certain exceptions, shareholders who are listed in or have a registered address in the United States, Australia, Canada, Japan or the Republic of South Africa or any other jurisdiction where the extension or availability of the Rights Issue would be unlawful (an "Excluded Territory").

The Directors are fully supportive of the Rights Issue. Each of the Directors who holds Ordinary Shares either intends, to the extent that he or she is able, to take up in full his or her rights to subscribe for New Ordinary Shares under the Rights Issue or to sell a sufficient number of his or her Nil Paid Rights during the Nil Paid Rights trading period to meet the costs of taking up the balance of his or her entitlements to New Ordinary Shares.



A prospectus relating to the New Ordinary Shares is expected to be published later today. The prospectus, when published, will be made available on RPC's website (www.rpc-group.com) and will be submitted to the National Storage Mechanism and be available for inspection at www.morningstar.co.uk/uk/nsm.do.



Current trading of RPC

Revenues for the Group in the third quarter of the financial year ending 31 March 2017 increased significantly compared to the same period last year due to the contribution of acquisitions, the positive effect of foreign exchange changes during the period and continued organic growth, which was off-set by polymer price reductions passed on to customers. The adjusted operating profit for the period was significantly ahead of last year and also better than management's expectations, benefiting from organic growth, the contribution of acquisitions, realisation of synergies, the easing of the polymer price headwind as well as a foreign exchange translation benefit. The GCS and BPI businesses continued to perform well with acquisition-related synergies in line with expectations, and the Group achieved good cash flow development in the period. The fourth quarter of the financial year ending 31 March 2017 has started well.

Selected financial information relating to Letica

Certain selected financial information relating to Letica is set out in the Appendix to this announcement.

Current trading of Letica

Both Letica's sales and profitability were higher in the six months ended 31 December 2016 than in the corresponding period in the prior year as a result of increased sales volumes in both its rigid packaging and foodservice segments. The Directors view Letica's prospects for the full year with confidence.




Expected timetable of principal events9




Record Date for the Rights Issue

Close of business on 7 February 2017


Admission and commencement of dealings in Nil Paid Rights on the London Stock Exchange

8.00 a.m. on 10 February 2017


Latest time and date for acceptance and payment in full and registration of renounced Provisional Allotment Letters

11.00 a.m. on 24 February 2017


Commencement of dealing in New Ordinary Shares fully paid, New Ordinary Shares credited to CREST stock accounts

8.00 a.m. on 27 February 2017


Expected date of completion of the Acquisition

by the end of March 2017









Analyst and investor presentation

RPC will host an analyst and investor presentation at 9:00 a.m. today at the offices of FTI Consulting, 200 Aldersgate, Aldersgate Street, London, EC1A 4HD.

Why the big drop DC

Rights issue baler .1-for-4 rights at a price of 665p each

From my post above -


Expected timetable of principal events9




Record Date for the Rights Issue

Close of business on 7 February 2017


Admission and commencement of dealings in Nil Paid Rights on the London Stock Exchange

8.00 a.m. on 10 February 2017


Latest time and date for acceptance and payment in full and registration of renounced Provisional Allotment Letters

11.00 a.m. on 24 February 2017


Commencement of dealing in New Ordinary Shares fully paid, New Ordinary Shares credited to CREST stock accounts

8.00 a.m. on 27 February 2017


Expected date of completion of the Acquisition

by the end of March 2017

9 Feb Berenberg 1,200.00 Buy

Admission of Nil Paid Rights

RNS


RNS Number : 5362W

RPC Group PLC

10 February 2017



For immediate release





RPC Group Plc





Admission of Nil Paid Rights



RPC Group Plc ("RPC" or the "Company") today announces that, pursuant to the fully underwritten rights issue (the "Rights Issue") announced on 9 February 2017, 82,954,687 New Ordinary Shares of 5 pence each will be admitted to listing on the premium listing segment of the Official List of the Financial Conduct Authority and will be admitted, nil paid, to trading on the London Stock Exchange plc's main market for listed securities at 8.00 a.m. (London time) today.



Defined terms used in the prospectus dated 9 February 2017 published in connection with the Rights Issue (the "Prospectus") shall have the same meanings when used in this announcement unless the context requires otherwise.

2 Mar
Peel Hunt
1,135.00
Buy

Completion of the acquisition of Letica Group
RNS
RNS Number : 2119Z
RPC Group PLC
13 March 2017
 
13 March 2017
RPC Group Plc
("RPC" or the "Company")
Completion of the acquisition of Letica Group
RPC, a leading international design and engineering company of plastic products for both packaging and selected non-packaging markets, is pleased to announce the completion of the acquisition of Letica Group ("Letica"), details of which were announced on 9 February 2017 (the "Acquisition"). Letica's financial performance continued to improve from the year ended June 2016, generating unaudited sales of $455m and adjusted EBITDA of $67m1 for the twelve months ended 31 December 2016.  The up-front consideration paid to Letica's shareholders represents a multiple of 7.3 times Letica's adjusted EBITDA for the year ended 31 December 2016.
Pim Vervaat, Chief Executive of RPC, commented:
"We are delighted to complete the acquisition of Letica and look forward to welcoming our new colleagues into RPC. This is another important step in the implementation of our Vision 2020 strategy allowing RPC to create a meaningful presence in North America through a well-invested platform with leading positions in growing end markets."

Pre Close Trading Statement

RPC Group Plc ("RPC" or the "Group"), a leading plastic products design and engineering company for both packaging and selected non-packaging markets, today issues a pre close trading statement for the financial year ending 31 March 2017 ahead of its full year results announcement, due to be published on 7 June 2017.


Trading performance

Revenues for the financial year 2016/2017 are anticipated to be significantly ahead of last year, reflecting contributions from acquisitions and continued underlying organic growth. The Group's overall performance has been encouraging with the adjusted operating profit for the year ahead of management expectations.

The Group's financial position remains robust with good cash flow development. The net proceeds of the rights issue announced on 9 February 2017 have been received and following completion of the Letica acquisition the Group retains significant headroom under its debt facilities, which include a new US$750 million multi-currency term loan facility.


Acquisitions and integration update

The larger acquisitions of GCS (completed March 2016) and BPI (completed August 2016) have integrated well and are performing ahead of expectations. Key management has been retained with GCS operating as a Strategic Business Unit ("SBU") in the Bramlage division and BPI as a stand-alone division.

With respect to the other previously announced acquisitions, the following update can be given:

· the acquisition of ESE completed on 31 January and accordingly is anticipated to make a contribution to the 2016/17 financial year. The company is operating as a stand-alone SBU in the Promens division and early purchasing synergies have already been realised;
· the acquisition of Letica Group completed on the 10 March. With an EBITDA of US$67m realised in the calendar year 2016, the upfront consideration of US$490m paid for the business represents an 7.3x EBITDA multiple. Letica management are being retained and it will operate as a stand-alone SBU within the Superfos Division. The limited Integration work required is already under way;
· the acquisition of Astrapak Limited is expected to be completed in June with the CEO and the executive management team being retained.


Commenting on the performance, Pim Vervaat, RPC's Chief Executive, said:

"I am pleased with the Group's trading performance during the year and the successful integration of the acquired businesses. The board will continue to implement the Vision 2020 focused growth strategy, in which leading design and engineering capabilities create value in chosen market segments. At the same time the Group is looking to grow selectively in a consolidating industry whilst further enhancing its strategic buying position."

Too many acquisitions , hence the share price.

Well someone is very wrong!

Deutsche Bank Buy 757.00 1,140.00 1,140.00 Reiterates

JP Morgan Cazenove Overweight 757.00 1,250.00 1,250.00 Reiterates

Market buzz - RPC Group

Analysts at Berenberg said shares in RPC Group were arguably cheap, giving short shrift to criticism of the company's adjustments to its operating profits, or that it was overpaying for assets, amongst other issues.

RPC Group was a 'roll-up' story, it had always been so and it continued to be so, the broker said, with the packaging business buying rivals and extracting synergies from them.

Adjustments to its earnings before interest and taxes were not "particularly large or unusual" relative to the size of the acquisitions carried out.

Critics of the Northamptonshire-based company were also failing to take duly into account the positives from its aqcuisitions, including the generation of synergies, Berenberg said.

With the price for past acquisitions running at about seven times EBITDA, falling to five times' once all costs and synergies were considered, the company was not destroying value "en masse".

Furthermore, at present its shares were trading on EBITDA and EBIT multiples aking to those of DS Smith, implying that the premium for further M&A had been taken out as investors' confidence wavered.

"If RPC makes more acquisitions and creates more synergies, then arguably this is cheap. We do think, however, that management could increase the focus on quality of acquisition rather than quantity," Berenberg said.

The broker kept the shares at 'buy' with a 1,120p target price.

Credit Suisse Outperform 850.25 1,175.00 1,175.00 Reiterates

why the fall must be to much debt S/p @780 approx will buy ' 750 BB

Pre Close Trading Statement
RNS
RNS Number : 0299S
RPC Group PLC
28 September 2017
 
28 September 2017
 
 
RPC Group Plc
 
Pre Close Trading Statement
 
RPC Group Plc ("RPC" or "Group"), a leading international plastic products design and engineering company, today issues a pre close trading statement relating to the period 1 April 2017 to 30 September 2017 ("first half" or "period"), ahead of its first half results announcement due to be published on 29 November 2017.
 
Revenues in the first half of the year are projected to be well ahead of the corresponding period last year driven by the contribution from acquisitions, organic growth, polymer price tailwinds and translation benefits from foreign exchange movements. Group margins and profitability levels (before and after exceptional items) are anticipated to be ahead of management expectations, with profitability levels significantly up on the same period last year due to the contribution of acquisitions, the realisation of synergies, organic growth, lower exceptional costs and a foreign exchange benefit more than offsetting a modest polymer headwind. Our investment in innovation for both product design and process engineering continues to drive a healthy pipeline, and the Group remains confident of continuing to grow through the cycle ahead of GDP. In the first half good growth has been achieved in China benefiting from investments made in the previous year.
 
The integration of Letica continues to progress well and the Group remains encouraged by the opportunities resulting from this acquisition. Both the realisation of acquisition related cost synergies and the costs of achieving these synergies have continued in line with expectations.  
 
The Group's financial position remains strong, with good cash flow development in the first half, and it has significant headroom under its debt facilities.
 
On 19 July 2017 the Group announced an inaugural share buyback programme of up to £100m. Under the programme to date, 1.38 million shares have been acquired for a total consideration of £12.4 million.
 
 
Commenting on the performance in the half year, Pim Vervaat, RPC's Chief Executive, said:
 
"The Group has progressed well in the first half with an encouraging trading performance whilst successfully integrating recent acquisitions and realising the associated synergies. We continue to successfully execute our Vision 2020 growth strategy."

28 Sep
Numis
1,130.00
Add

3 Nov
Peel Hunt
1,250.00
Buy

14 Nov
Peel Hunt
1,250.00
Buy
14 Nov
Jefferies...
1,150.00
Buy

Half year results

Financial highlights:
 
·   Revenue growth of 53% to £1,876m reflecting the contribution from acquisitions, organic growth, polymer price tailwinds and translation benefits from foreign exchange movements
·   Adjusted operating profit increase of 58% to £214.7m with adjusted EPS up 27% to 36.4p
·   Return on sales increase of 30 basis points to 11.4%
·   Strong cash generation; statutory net cash from operating activities increase of 62% to £245.4m, and free cash flow up 45% to £171.7m
·   RONOA expansion of 320 basis points to 28.0% reflecting acquisition synergy realisation and profitability improvements
·   ROCE increase of 30 basis points to 15.1%; remains well ahead of weighted average cost of capital
·   Interim dividend of 7.8p up 28% representing the 25th year of consecutive growth
 
Strategic highlights:
 
·   European synergy programme on track for completion in the current financial year with exceptional costs significantly lower in the half and overall implementation costs lower than expected
·   Letica integration well advanced; successful completion of Astrapak acquisition (announced in FY 17)
·   More than 20% of revenues now generated outside of Europe
·   Healthy innovation pipeline; one additional innovation centre added taking the total to 32 worldwide
·   Share buyback scheme implemented to deliver further shareholder value; £12.4m of capital deployed in the period

10:10 16/01/2018
Broker Forecast - Berenberg issues a broker note on RPC Group PLC
Berenberg today downgrades its investment rating on RPC Group PLC (LON:RPC) to hold (from buy) and cut its price target to 920p (from 1120p). Story provided by StockMarketWire.com

RPC revenue grows by 31%
StockMarketWire.com
RPC Group, the plastic products design and engineering company, grew its revenue by 31% in the third quarter to £898m, driven by acquisitions, polymer price tailwinds and organic growth of over 4%.

As at the end of the third quarter, the year to date organic growth rate was 2.6%.

RPC said profitability (before and after exceptional items) was in line with management expectations and grew significantly versus the prior year, aided by organic growth and the further realisation of synergies which offset an adverse polymer time lag impact.

Cash generation (before and after exceptional items) was also in line with management expectations.

The recently enacted Tax Cuts and Jobs Act in the US, which will reduce the federal corporate income tax rate from 35% to 21%, is applicable from 1 January 2018. For the year to 31 March 2018 it is currently expected that the US reforms will have a small positive impact on the group's adjusted effective tax rate, with a one-off non-cash tax credit of around £10m resulting from the revaluation of US related deferred tax assets and liabilities.

For the year to 31 March 2019 it is currently expected that the changes will reduce the group's adjusted effective tax rate by approximately 1%, based on the existing mix of profits.

Pim Vervaat, RPC's chief executive, said: "I am pleased with the performance of the business in the third quarter and the further progress towards completing the European synergy programme. Through our focus on innovation, sustainability and operating in attractive end markets, we remain confident in continuing to grow through the cycle ahead of GDP and that our Vision 2020 strategy will deliver further value to our shareholders."



Story provided by StockMarketWire.com

Trading Statement
RNS
RNS Number : 3238J
RPC Group PLC
29 March 2018

29 March 2018

RPC Group Plc

Trading Statement


RPC Group Plc ("RPC" or "Group"), a leading international plastic products design and engineering company, today releases its scheduled Trading Statement, relating to trading for the period from 1 April 2017 to today. The Group will announce its full year results on 6 June 2018.


Trading performance

The positive trading trends outlined in the third quarter update have continued, and revenue for the full year is expected to have grown significantly versus last year, driven by organic growth and aided by acquisitions, polymer price and foreign exchange tailwinds.

Profitability and cash generation (both before and after exceptional items) are expected to be in-line with management expectations. The Group's financial position remains robust with good cash flow development and significant headroom in its debt facilities.


UK Government environment plan and EU plastics strategy

As Europe's leading recycler of polyethylene film, RPC is continuing its work with the entire plastics supply chain to ensure positive outcomes for the environment. Through its numerous design and innovation centres, the Group continues to develop products that have minimal environmental impact and that can be easily recycled at the end of their life. RPC is helping its customers make the right choices at the design stage by increasing use of its in-house developed tool that uses internationally recognised sustainability measurement criteria, and the Group continues to work closely with policy makers and industry bodies.

The Government has recently announced a Deposit Return Scheme in England, which is expected to cover single-use glass and plastic bottles, and steel and aluminium cans. The scheme is subject to consultation and RPC looks forward to positive discussions with the Government as to the details of the final scheme.


Integration and acquisition update

The European integration programme consisting of the integration of Promens, GCS and BPI is now substantially complete. In total, 22 locations will have closed and over 300 production lines relocated over a three year time period. The Group remains confident of achieving an annual synergy run-rate of €105m by the end of the financial year ending March 2019.

On 13 March 2018 RPC announced the acquisition of Nordfolien GmBH ("Nordfolien") for a consideration of €75m. Nordfolien is a leading player in the design and manufacture of higher added value polythene films for both industrial and consumer packaging markets. It will contribute to the Group's future growth while affording the opportunity to realise an attractive level of cost synergies, without incurring material exceptional costs.

The global packaging market continues to consolidate and, as Europe's largest plastic packaging player, growth through acquisition remains an important part of the Group's strategy; RPC continues to build a healthy pipeline of opportunities.


Capital Allocation

On 19 July 2017, the Group announced an inaugural share buyback of up to £100m over a period of up to 12 months. Under the programme to date 9.64m shares have been repurchased for a total consideration of £83.2m.

Commenting on the statement, Pim Vervaat, RPC's Chief Executive, said:

"I am delighted with the progress the Group has made in the year whilst nearing the successful completion of the European integration programme. We look forward to further developing the business organically and remain excited by opportunities in the ongoing industry consolidation. With our innovation and recycling capabilities, RPC is uniquely placed to help drive a sustainable environment whilst continuing to deliver value to shareholders."

Full year results

Financial highlights:

§ Revenue growth of 36% to £3,748m driven by acquisitions and organic growth of 2.8%
§ Adjusted operating profit increase of 38% to £425.0m with adjusted basic EPS up 16% to 72.0p
§ Statutory operating profit increase of 85% to £355.7m with statutory basic EPS up 66% to 61.6p
§ Robust cash generation with net cash flows from operating activities increase of 40% to £386.7m
§ RONOA expansion of 150 basis points to 27.2% with ROCE at 14.8% (2016/17: 15.2%)
§ Final dividend of 20.2p giving a full year dividend of 28.0p, representing an increase of 17% on last year and the 25th year of consecutive dividend growth

Strategic highlights:

§ Capital investment to deliver continuing pipeline of growth opportunities
§ Major European synergy programme substantially completed
§ Market position in flexibles strengthened by the Nordfolien acquisition (completed post year end)
§ Position outside Europe has been significantly enhanced
§ Active portfolio management: non-core businesses with a total revenue of £209m identified for disposal

Full year results for the year ended 31 March 2018


RPC Group Plc, a leading global plastic products design and engineering company, announces its results for the year ended 31 March 2018.

Financial highlights:


§ Revenue growth of 36% to £3,748m driven by acquisitions and organic growth of 2.8%

§ Adjusted operating profit increase of 38% to £425.0m with adjusted basic EPS up 16% to 72.0p

§ Statutory operating profit increase of 85% to £355.7m with statutory basic EPS up 66% to 61.6p

§ Robust cash generation with net cash flows from operating activities increase of 40% to £386.7m

§ RONOA expansion of 150 basis points to 27.2% with ROCE at 14.8% (2016/17: 15.2%)

§ Final dividend of 20.2p giving a full year dividend of 28.0p, representing an increase of 17% on last year and the 25th year of consecutive dividend growth

Strategic highlights:

§ Capital investment to deliver continuing pipeline of growth opportunities

§ Major European synergy programme substantially completed

§ Market position in flexibles strengthened by the Nordfolien acquisition (completed post year end)

§ Position outside Europe has been significantly enhanced

§ Active portfolio management: non-core businesses with a total revenue of £209m identified for disposal



Pim Vervaat, Chief Executive, said:

I am pleased with the progress made since launch of the Vision 2020 strategy five years ago with record profitability levels achieved this year on a significantly enlarged business whilst establishing a global footprint. I am excited by the many opportunities for the business to further develop both organically and through acquisitions. With our unique global network of design and engineering centres, the Group is well placed to benefit from the development opportunities driven by recent sustainability and e-commerce trends. We target through the cycle underlying organic growth ahead of GDP and to improve the adjusted operating profit of the core businesses, including the contribution from the recent Nordfolien acquisition, by at least £50m by the financial year ending March 2021. At the same time, within the overall capital allocation framework, the Group will continue to assess value-adding acquisition opportunities which meet our strict acquisition criteria. The new financial year has started in-line with management expectations.

more.....

And currently down 14%!

Plastics are very much out of favour at the moment. Also in March they mentioned a European Integration program, which might see them exiting the UK following the Brexit vote? And....the Tax Cuts and Jobs Act in the US has possibly skewed the figures a little?

Well I've taken a punt @658.

658 looking good right now.

I used to day-trade this stock constantly. Haven't looked it for years apart from one intra-day trade about 3 months ago which turned out ok but made me sweat a bit.

One to put back on my list once I've understood this EU directive thing

My RPC got closed at open for 35 points.

RPC shares fall on concerns over cash conversion.

FT "However, RPC’s chief executive Pim Vervaat said that the FTSE 250 group did not manufacture any of the products that will be restricted under a proposed EU directive.

The list also includes cotton bud sticks, beverage cups and drinks stirrers. By contrast, RPC supplies screw caps, bottle tops, asthma inhalers and coffee capsules, among other items."

You just wait, they will ban all of the rest of the plastic throwaway items soon enough, so not sure RPC are in the clear yet.

all good reasons to stay clear of that focused sector

War on plastic makes packaging firm RPC a target of hedge funds as they bet the firm's shares will drop further
Bets worth more than £240million have been placed against the FTSE 250 firm
More than 8 per cent of RPC’s £3billion stock is out on loan to short-sellers
By Jamie Nimmo For The Mail On Sunday
Published: 22:31, 7 July 2018 | Updated: 22:31, 7 July 2018

Hedge funds are cashing in on the war on plastics by shorting shares in packaging giant RPC.
Bets worth more than £240million have been placed against the FTSE 250 company, whose shares have come under pressure recently because of the clampdown on plastic packaging waste.
City firms can bet against firms by taking so-called ‘short positions’ – contracts on shares that allow investors to gamble that their value will fall.


Impact: City firms are shorting shares in RPC
Shorting is a risky tactic as investors can lose if the share price rises.
More than 8 per cent of RPC’s £3billion stock is out on loan to short-sellers, according to data from the Financial Conduct Authority.

MARKET REPORT: The war on plastic wipes £375m off packaging...

RPC shares: Check the latest price here
Firms that have taken out multi-million pound wagers against RPC include BlackRock and CapeView Capital, which also cashed in on Carillion’s demise.
No major short positions existed until October. But there has since been a sharp spike in activity, with RPC shares falling nearly 30 per cent.
In financial results last month the firm played down the impact of new EU rules on single-use plastics, saying it does not make any of those restricted under the proposal, such as straws or cutlery.
Analysts at investment bank Credit Suisse said: ‘The RPC share has been negatively impacted on concerns about the future of plastic packaging.’

Courtesy of the fool.

Plastic products design and engineering might not sound like the most exciting industry to be involved in, but this business has been highly profitable for mid-cap RPC Group (LSE: RPC). 

Over the past 10 years, it has been able to capitalise on the rising demand for innovative plastic products and packaging. It has expanded through a combination of both organic growth and bolt-on acquisitions, which have allowed it to access both new markets and new intellectual property. 

The group has proven itself to be remarkably adept at executing this strategy and over the past five years alone, net profit has risen 10-fold.

Shareholders have been handsomely rewarded following this growth. RPC’s dividend per share has increased from 6p in 2008 to 28p for this year. But dividend growth is only part of the story. Relentless profit growth has also translated into capital gains. Over the past decade, the stock has produced a total return of 24.9% for investors, turning a £1,000 investment into £11,000 today. 

I believe this is just the start of RPC’s growth story. 

Expanding around the world 

Over the past five years, it has been investing heavily to take advantage of rising demand in China. It has also been investing in the production of new recyclable plastics. It is my view that RPC’s position in the industry gives it a unique edge over smaller peers to adapt to the global shift towards more eco-friendly products. 

Despite the company’s efforts, it seems the market is not willing to give it the recognition it deserves. As they flee the stock, investors have sent the shares plunging by 26% over the past 12 months. 

According to management, these declines are now weighing on growth plans. Chairman Jamie Pike published a statement alongside a pre-AGM trading update this morning and said: “Pressure on the company’s market valuation and differing investor views on the appropriate level of leverage is constraining the group’s ability to pursue some attractive opportunities for growth.“

Be greedy when others are fearful

Based on this feedback, management is now looking to de-lever the business and sell off non-core assets. Personally, I believe cleaning up the balance sheet is probably the best course of action for the firm.

Debt does not pose a threat just yet (at the end of 2017 RPC reported a net debt-to-EBITDA ratio of 2), but I would rather the group took action to stabilise the balance sheet before it’s too late. 

Looking at last year’s figures, reducing debt shouldn’t be too much of a struggle. Asset sales will help, and free cash flow for 2017 was £229m, compared to a net debt balance of £1.1bn. The group has already identified some non-core businesses for disposal. 

In my opinion, RPC’s management has already proven to investors over the past 10 years that it can successfully set a strategy and execute it. With this being the case, I’m confident that the group’s self-help strategy will yield the desired results. The enterprise will come out stronger and better placed for growth on the other side. 

Today you can buy into this growth story for just 9.9 times forward earnings, and there’s a 4% dividend yield on offer as well. To quote Warren Buffett, I believe now is the time for investors to be greedy while others are fearful

StockMarketWire.com
Plastics company RPC Group said it had entered into preliminary discussions about a possible sale of the company with each of Apollo Global Management and Bain Capital.

RPC said it was responding to media speculation that it was exploring a sale.

Apollo and Bain were required to make a firm offer for the company buy no later than 8 October 2018 under UK rules, RPC noted.

Half year results

Financial highlights1:

· Revenue growth of 7% to £1,892m reflecting continued organic growth of 3.2%, the contribution from acquisitions, pass-through of higher polymer prices partially offset by foreign exchange movements
· Adjusted operating profit increase of 3% to £214.3m demonstrating good organic profit growth despite polymer headwind
· Statutory profit after tax, from continuing operations of £119.1m up 1%, with a 2% improvement in statutory basic EPS to 28.9p
· Robust adjusted operating cash conversion achieving 89% whilst investing in growth projects
· Interim dividend of 8.1p up 4% representing the 26th year of consecutive growth

Strategic highlights:

· Significant organic growth in China and US due to higher added value products
· Investment in the Group's sustainability proposition with the acquisition of UK based recycler PLASgran positioning RPC as one of Europe's leading recyclers
· Selective consolidation of European markets continued with the Nordfolien acquisition
· Finalised the disposal of Letica Foodservice whilst continuing with the disposal of the other non-core businesses
· Returned £99m to shareholders through dividend payments and the completion of the inaugural share buyback scheme

Going by the chart we're ready for another spike
To 800+

29 Nov
JP Morgan...
1,000.00
Overweight

Update re: potential offer and deadline extension
RNS
RNS Number : 1464J
RPC Group PLC
03 December 2018

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION
THIS ANNOUNCEMENT IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE") AND THERE CAN BE NO CERTAINTY THAT AN OFFER WILL BE MADE, NOR AS TO THE TERMS ON WHICH ANY OFFER WILL BE MADE
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
FOR IMMEDIATE RELEASE
3 December 2018
UPDATE REGARDING POTENTIAL OFFER AND EXTENSION TO DEADLINE UNDER RULE 2.6(C) OF THE CODE
RPC Group Plc ("RPC" or the "Company") previously announced that discussions were taking place with each of Apollo Global Management and Bain Capital which may or may not result in an offer for the Company.
In accordance with Rule 2.6(a) of the Code, each of Apollo Global Management and Bain Capital were required, by not later than 5.00 p.m. on 3 December 2018, to either announce a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies.
Discussions remain ongoing with Apollo Global Management and in accordance with Rule 2.6(c) of the Code, the Board of RPC requested that the Panel on Takeovers and Mergers (the "Panel") extend the deadline referred to above with respect to Apollo Global Management to enable continued discussions to take place. Accordingly, an extension has been granted by the Panel and Apollo Global Management must, by no later than 5.00 p.m. on 21 December 2018, either announce a firm intention to make an offer for RPC in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the Panel.
RPC and Bain Capital have mutually agreed to terminate discussions. In accordance with Rule 2.6(a) of the Code, Bain Capital is required, by not later than 5.00 p.m. on 3 December 2018, to either announce a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. In the case of Bain Capital, the Board of RPC has not requested an extension of this deadline from the Panel.
A further announcement will be made when appropriate. There can be no certainty that any offer will be made for the Company, nor as to the terms on which any offer might be made.