And at a 1.40 buy,my have a chance short term,only small money..

Beware market woes!

Just as this sp has been knocked by mis-management - don't think their replacements will be able to perform a turn-around. . . .
With markets down, trade is down and I suspect we could see a deterioration in the Delivery-business as other ( private/more-nimble) operatives scoop-up their deliveries. This is a sentiment-driven business ( along with "price"), so your standing in the Market is key.
Rentokil has demonstrated it isn't up to the job - and only time will tell.

Anyone buying a few weeks ago will have done OK (=bounce)....but Markets can force a sp to retract at least until solid Good News counters current-perception.

By comparison, UK-Banks are better investments IMHO - you have to use 'em and if they really have cleared their rubbish(!) . . . . good times ahead, - or, maybe in a couple of months, to be sure.

Does anyone know why the [RTO] "fundamental data" is blank ( on this website)...?
This is a full-list company, with almost 2bn Mkt Cap - so where's the Data?

Results and a huge sp fall.
Seems some improvements about, but this is conveniently compared with Dire! In April08 a decent recovery from 72p = 90p - yet now has dived to 65p so no winners, unless you got out.

Trouble is...will this fall continue at least until folk see a sea-change ( maybe Exec removals-Arrgh) - for somethin is needed to restore this simple business. -OR- was is too simple and others do it better?

City Link is an example where the control of vehicles and goods is critical - if you foul-up folks remember for a long time. I wonder if most deliveries aren't better served by smaller co's linked together by the internet when moving greater distances, etc. Yet here, I think there was some change to the structure which had worked. Anyone give a History?

51m shares traded today already, with stop losses kicking in I presume.
This company is going to take a while to turn around, imo. No quick fix on the cards. Question is, how long will they give the new guys to produce results? CEO Alan Brown reckons up to 3 years.

The new directors did the trick with ICI, and I'm sure given time they will turn these around as well. But what a time to takeover. Have this one on my watchlist, but I certainely won't be rushing in for some time yet.

Hi all.................. a solid close today.

Seems like plenty of upside . ie ...... Gap Up! (from time of results)

More views welcome.

Cheers
Amar

This keeps on getting knocked back, but a slow climb back up to the 50 DMA looks probable, so around the 90p level at present. Current broker target is 102p, but take that with a large pinch of salt. Div date is early sept, so be interesting to see if that is maintained.

Good morning all ........

I don't really have a problem with broker targets Harry ........

But they're usually vague / reluctant with their time frame.

Cheers
Amar

There rarely is a time frame, Amar, that's what worries me.
As far as RTO goes, it looks like a scenario where most news is going to be below expectations, interims & finals, so expect the sp to get knocked back each time & then slowly rise on momentum.
I wish you luck. Keep locking in profit though as this is going to be a bit of an unpredictable ride, imo.

Harrycat, I'm sure yr right, RTO is sufferiing from worsening Retail/consumer - the Press telling us a Recession is here and the Olympic "hit" is subsiding with the military woes in Georgia occupying TV News.
When a Co has got something very wrong it will take time to rectify - and even longer to produce a recurring profit...let alone higher dividends...if it is maintained I'll be surprised - but then? This is "probably" the reason fro the fall-back along with bottom-fishers taking a modest profit in a short-time...and being grateful they've got out smiling.
This is not one of mine, but it might be, when all the Bad is wrung-out, probably Spring 2009. Are you nursing (higher) invesstments perhaps?
sp Down a bit today.

No, Not holding. Bought ages ago for the divi & then bailed out, so there by luck or judgement I have timed this one corrrectly. But worth watching, imo, to see if they can get themselves back on track. Will be interesting to see if they pay a divi next time round.

Heavily tipped in Shares Mag by chartist Simon Griffin to now reach 71p after it's recent rally. That was based on the declining 200 DMA on the 10th Feb & 61p as the target. Breakthrough is anticipated to 'obvious congestion at 71p'. Possibly worth a punt but assuming those people who trade from the chart will exit at 71p, best to get out just before.

Rentokil Initial Final Results





TIDMRTO

RNS Number : 6254N
Rentokil Initial PLC
20 February 2009

?
RENTOKIL INITIAL PLC (RTO)
PRELIMINARY UNAUDITED RESULTS FOR YEAR ENDED 31 DECEMBER 2008


+----------------------+----------------+---------+---------+-------------+---------+---------+
| Results | 2008 AER | Growth |Q4 2008 AER | Growth |
| | | | | |
+----------------------+----------------+-------------------+-------------+-------------------+
| | | AER | CER | | AER | CER |
+----------------------+----------------+---------+---------+-------------+---------+---------+
| Revenue | | 9.4% | 2.2% | GBP631.0m | 8.8% | (0.4%) |
| | GBP2,409.9m | | | | | |
+----------------------+----------------+---------+---------+-------------+---------+---------+
| Operating profit* | GBP147.6m | (41.2%) | (50.8%) | GBP40.5m | (36.7%) | (49.0%) |
+----------------------+----------------+---------+---------+-------------+---------+---------+
| Adjusted profit | GBP107.9m | (48.5%) | (60.1%) | GBP36.7m | (43.2%) | (56.0%) |
| before tax* * | | | | | | |
+----------------------+----------------+---------+---------+-------------+---------+---------+
| |
+----------------------+----------------+---------+---------+-------------+---------+---------+

Looks a sell to me.

now 79p and maintaining

From FT blog today:
"RTO LN( Rentokil ) Results 19Feb .. They last reported in Nov ... they were good results then.. and UPGRADED .. Citylink I suspect will show a big improvement ..Amazon is a very big customer !! .. Swine Flu also would have helped .. Hygiene !!! .. LTIPS cut in at 120p .. below that ..management get Zero ..
TRADING BUY HERE ... 116p .... target 130p"

Business Financial Newswire
Rentokil Initial today reported a 54% increase in adjusted profit before tax at actual exchange rates (AER) of 166.5m for the year to end-December 2009.

Operating cash flow was 317m (2008: 130m), giving a 143% cash conversion rate.

The group reported a year-on-year reduction in net debt from 1.36bn to 1.11bn.

Rentokil said there was a 5% revenue increase at AER, 2.2% decline in constant currency terms.

There were cost savings of 82m in the year, of which 54m related to the City Link busines. A further 75m cost savings are targeted for 2010.

Cleaning and pest control group Rentokil Initial passed its final dividend despite posting a strong increase in adjusted pre-tax profit and 5% revenue increase for the year to December 31.

Analyst Kevin Lapwood at Seymour Pierce said the results beat the broker's expectations but there was a longer-term question mark over revenue growth. He kept a sell stance on the stock with a 100p target price.

Rentokil, which also failed to pay an interim dividend in 2009 after a 5.9p per share full-year payout in 2008, said its decision not to pay a final dividend was taken in view of continuing economic uncertainty in its markets and its wish to strengthen the balance sheet.

Ex-divi 4th April 2012, 1.33p.

First half results:
http://www.moneyam.com/action/news/showArticle?id=4421222

First Half Highlights (at CER)

§ Group revenue +2.9% (+1.3%* organic) in challenging markets:

Ø Asia +7.5%, Initial Facilities +3.7%*, City Link +3.5%, Textiles & Hygiene +3.3%, Pest Control +3.0%**

Ø Acquisitions continue to perform well, contributing 2.1% (£27.1m) of revenue growth

§ City Link Q2 revenue up 5.3% on prior year, 18.3% reduction in Q2 operating loss. Recovery plan on track

§ Adjusted operating profit of £87.3m at AER with increased profits in Textiles & Hygiene £0.7m offset by increased central costs of £4.4m. Adjusted operating profit adversely impacted by £4.6m of foreign exchange

§ Profit before tax up 75.2% primarily due to a reduction in one-off and reorganisation costs of £5.4m and a reduction in amortisation of £11.1m

§ Cost savings of £22.1m; on track to exceed year end guidance of £50m for 2012

§ Further expansion of pest control footprint: entry into South America and the Middle East, additional bolt-ons in Canada and the US

* excluding Initial Facilities Spain, where the business is being scaled down to reduce financial exposure and has impacted group performance by 0.5%

**includes Ambius operations, post its integration into the Pest Control Division

Alan Brown, Chief Executive Officer of Rentokil Initial plc, said:

"Organic growth has continued to progress year on year, despite challenging markets in Southern Europe and softening conditions in Northern Europe, including the UK.
City Link's recovery plan is progressing in line with expectations, both in terms of financial performance and underlying action plan. We expect losses to reduce further in Q3 and for the business to be profitable in Q4.
We are pleased to announce bolt-on acquisitions in Canada, the US, Brazil, Abu Dhabi and Dubai. Our pipeline of pest control acquisitions is improving in both quality and quantity.
Our Programme Olympic capability agenda is in full swing and is being supported by the establishment of a group Marketing & Innovation function. Though central costs will increase in the short term, this investment should accelerate growth in 2013 and beyond. We anticipate that continued growth, coupled with further productivity improvement at City Link, will deliver year-on-year improvement in financial performance at constant exchange rates in Q3, and most notably in Q4 this year."

Ex-divi 12th Sept '12 (0.67p)