RHI Magnesita N.V. (DI) (RHIM)

Sector:

Engineering

Index:

FTSE 250

2,020.00p
   
  • Change Today:
    -25.00p
  • 52 Week High: 3,800.00p
  • 52 Week Low: 1,992.00p
  • Currency: UK Pounds
  • Shares Issued: 47.30m
  • Volume: 37,717
  • Market Cap: £955.49m

RHI Magnesita buys 65% stake in China's Jinan New Emei for €40m

By Frank Prenesti

Date: Friday 13 Jan 2023

LONDON (ShareCast) - (Sharecast News) - RHI Magnesita said it was buying a 65% shareholding in China's Jinan New Emei for 293 million Chinese yuan (€40m).
Based in Shandong province, Jinan New Emei Industries makes refractory slide gate plates and systems, nozzles and mixes for use in steel flow control, and employs more than 1,300 people.

"The acquisition will enable the group to expand its product range in steel flow control refractories and its solutions contract offering in the Chinese domestic market, both of which are key strategic priorities," RHI said on Friday, adding that it was expected to be accretive to group earnings.

There would be "substantial opportunities to realise synergies from the combination of Jinan New Emei with the Group's existing refractory business in China".

Reporting by Frank Prenesti for Sharecast.com

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RHIM Market Data

Currency UK Pounds
Share Price 2,020.00p
Change Today -25.00p
% Change -1.22 %
52 Week High 3,800.00p
52 Week Low 1,992.00p
Volume 37,717
Shares Issued 47.30m
Market Cap £955.49m

RHIM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.10% above the market average96.10% above the market average96.10% above the market average96.10% above the market average96.10% above the market average
86.21% above the sector average86.21% above the sector average86.21% above the sector average86.21% above the sector average86.21% above the sector average
Price Trend
71.17% below the market average71.17% below the market average71.17% below the market average71.17% below the market average71.17% below the market average
86.67% below the sector average86.67% below the sector average86.67% below the sector average86.67% below the sector average86.67% below the sector average
Income
99.72% above the market average99.72% above the market average99.72% above the market average99.72% above the market average99.72% above the market average
87.50% above the sector average87.50% above the sector average87.50% above the sector average87.50% above the sector average87.50% above the sector average
Growth
55.15% below the market average55.15% below the market average55.15% below the market average55.15% below the market average55.15% below the market average
53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average

What The Brokers Say

Strong Buy 3
Buy 2
Neutral 2
Sell 1
Strong Sell 0
Total 8
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

RHIM Dividends

  Latest Previous
  Interim Final
Ex-Div 28-Aug-25 22-May-25
Paid 25-Sep-25 12-Jun-25
Amount 60.00¢ 120.00¢

Trades for 14-Oct-2025

Time Volume / Share Price
16:35 284 @ 2,020.00p
16:35 17 @ 2,020.00p
16:35 2 @ 2,020.00p
16:35 12 @ 2,020.00p
16:35 14,191 @ 2,020.00p

RHIM Key Personnel

CEO Stefan Borgas
Chair Herbert Cordt
CFO Ian Botha

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