Today’s positive H1 trading update reiterates full year expectations. Within RBG Legal Services, highlights include the integration of Memery Crystal (now complete) and a divisional EBITDA margin of 30% (and rising), in line with expectations. Convex Capital has delivered >50% of our full year revenue forecast in H1 and has a strong pipeline, whilst LionFish is beginning to see the benefit of its new investment arrangement. RBG trades at a c.50% discount to peers despite growing twice as fast. W ....
18 Jul 2022
Trading well, significant valuation anomaly
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Trading well, significant valuation anomaly
RBG Holdings Plc (RBGP:LON) | 12.2 0 0.0% | Mkt Cap: 15.8m
- Published:
18 Jul 2022 -
Author:
James Tetley -
Pages:
3
Today’s positive H1 trading update reiterates full year expectations. Within RBG Legal Services, highlights include the integration of Memery Crystal (now complete) and a divisional EBITDA margin of 30% (and rising), in line with expectations. Convex Capital has delivered >50% of our full year revenue forecast in H1 and has a strong pipeline, whilst LionFish is beginning to see the benefit of its new investment arrangement. RBG trades at a c.50% discount to peers despite growing twice as fast. W ....