RPS Group (RPS)

Sector:

Support

Index:

FTSE Small Cap

50.00p
   
  • Change Today:
    -0.50p
  • 52 Week High: 184.40
  • 52 Week Low: 30.20
  • Currency: UK Pounds
  • Shares Issued: 275.74m
  • Volume: 131,033
  • Market Cap: £137.87m
  • RiskGrade: 362

RPS fee revenue drops but debt declines

By Sean Farrell

Date: Tuesday 16 Jun 2020

LONDON (ShareCast) - (Sharecast News) - RPS Group said fee revenue fell by 17% in April and May because of the impact of Covid-19 as the government-focused professional services company reduced its debt.
In an update RPS said the revenue decline was in line with modelling for the effect of the disease that it carried out in March.

Bank borrowing fell to £77.2m at the end of May from £102.8m as it conserved cash, used government support programmes, deferred tax payments and speeded up cash collection. Many government clients paid well within the agreed terms, RPS said.

RPS shares rose 11% to 58.40p at 09:37 BST. The shares have lost two-thirds of their value in 2020.

RPS, which specialises in government, energy, defence and transport, said it had not drawn on the extra £60m revolving credit facility it announced in late April because of its other actions. It had £119.8m financial headroom on committed bank facilities at the end of May and £19.9m in cash.

More than half the group's fees come from government and quasi-government work, insulating it partly from the effects of Covid-19 on the wider economy, RPS said. The company has scrapped its dividend, cut spending, reduced pay and furloughed workers during the crisis.

"Due to the rapidly evolving nature of the Covid-19 pandemic it is not possible to forecast the full extent of the impact on the group and our markets," RPS said. "RPS will not be providing guidance for the 2020 financial year until the duration and extent of this impact becomes clearer. RPS will continue to keep the market up to date.

RPS said it would publish a first-half trading update on 21 July and aim to report interim results by early September.



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

RPS Group Market Data

Currency UK Pounds
Share Price 50.00p
Change Today -0.50p
% Change -0.99 %
52 Week High 184.40
52 Week Low 30.20
Volume 131,033
Shares Issued 275.74m
Market Cap £137.87m
RiskGrade 362

RPS Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
95.92% above the market average95.92% above the market average95.92% above the market average95.92% above the market average95.92% above the market average
92.66% above the sector average92.66% above the sector average92.66% above the sector average92.66% above the sector average92.66% above the sector average
Price Trend
81.11% below the market average81.11% below the market average81.11% below the market average81.11% below the market average81.11% below the market average
58.26% below the sector average58.26% below the sector average58.26% below the sector average58.26% below the sector average58.26% below the sector average
Income
63.92% above the market average63.92% above the market average63.92% above the market average63.92% above the market average63.92% above the market average
59.46% above the sector average59.46% above the sector average59.46% above the sector average59.46% above the sector average59.46% above the sector average
Growth
94.2% below the market average94.2% below the market average94.2% below the market average94.2% below the market average94.2% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 5
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

RPS Group Dividends

  Latest Previous
  Interim Final
Ex-Div 12-Sep-19 18-Apr-19
Paid 11-Oct-19 17-May-19
Amount 2.42p 5.08p

Trades for 29-Oct-2020

Time Volume / Share Price
16:35 31,762 @ 50.00p
16:29 13 @ 50.00p
16:29 652 @ 50.00p
16:29 19 @ 50.00p
16:29 348 @ 50.40p

RPS Group Key Personnel

CEO John Douglas

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