RBG’s interims confirm good progress in the first half resulting in significant revenue and profit growth, driven by last year’s Memery Crystal acquisition. The Group looks to be well on track for the full year, given positive ongoing demand for its services. Valuation remains compelling, in our view. We again highlight an anomalous discount to peers, with RBG trading at a 45% discount (on an FY23 P/E basis) despite growing at almost twice the rate of peers on our forecasts. The dividend yield i ....
13 Sep 2022
Strong interims, well positioned for full year
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Strong interims, well positioned for full year
RBG Holdings Plc (RBGP:LON) | 12.2 -0.1 (-5.8%) | Mkt Cap: 15.8m
- Published:
13 Sep 2022 -
Author:
James Tetley -
Pages:
3
RBG’s interims confirm good progress in the first half resulting in significant revenue and profit growth, driven by last year’s Memery Crystal acquisition. The Group looks to be well on track for the full year, given positive ongoing demand for its services. Valuation remains compelling, in our view. We again highlight an anomalous discount to peers, with RBG trading at a 45% discount (on an FY23 P/E basis) despite growing at almost twice the rate of peers on our forecasts. The dividend yield i ....