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/

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