RS Group (RS1)

Sector:

Support

Index:

FTSE 100

1,012.00p
   
  • Change Today:
    -14.00p
  • 52 Week High: 1,159.00
  • 52 Week Low: 812.00
  • Currency: UK Pounds
  • Shares Issued: 472.69m
  • Volume: 1,105,377
  • Market Cap: £4,783.67m
  • Beta: 0.03

RS Group tumbles as CEO takes leave of absence

By Michele Maatouk

Date: Thursday 03 Nov 2022

LONDON (ShareCast) - (Sharecast News) - RS Group - formerly Electrocomponents - tumbled on Thursday as it announced that chief executive officer Lindsley Ruth will take a leave of absence with immediate effect for personal reasons.
In Ruth's absence, a management structure is in place to ensure continuity and maintain momentum in the execution of the group's strategy, it said. David Egan will assume his duties in addition to his role as chief financial officer.

Jefferies pointed out in a note that "when this also occurred in November 2019, the shares pulled back by circa 10%".

News of Ruth's leave of absence came alongside the company's first-half results, which showed a rise in profit and revenue.

In the half year to 30 September, pre-tax profit jumped 34% on the same period a year earlier to £182.5m, while revenues were ahead 21% to £1.5bn.

Egan said: "We have delivered a strong revenue and profit performance in the first half as our differentiated proposition continues to resonate with all our stakeholders. Our performance has been driven by our people who are aligned to our purpose-led culture and are working hard to improve our customer experience and commercial focus further.

"We continue to invest in our group to become stronger, more profitable and to take greater market share. While mindful of a slowing economic backdrop, we remain optimistic that we will continue to outperform the market."

At 0905 GMT, the shares were down 10.6% at 853.50p.

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RS Group Market Data

Currency UK Pounds
Share Price 1,012.00p
Change Today -14.00p
% Change -1.36 %
52 Week High 1,159.00
52 Week Low 812.00
Volume 1,105,377
Shares Issued 472.69m
Market Cap £4,783.67m
Beta 0.03

RS Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.77% below the market average78.77% below the market average78.77% below the market average78.77% below the market average78.77% below the market average
54.9% below the sector average54.9% below the sector average54.9% below the sector average54.9% below the sector average54.9% below the sector average
Price Trend
23.56% above the market average23.56% above the market average23.56% above the market average23.56% above the market average23.56% above the market average
8.41% above the sector average8.41% above the sector average8.41% above the sector average8.41% above the sector average8.41% above the sector average
Income
22.41% below the market average22.41% below the market average22.41% below the market average22.41% below the market average22.41% below the market average
46.27% below the sector average46.27% below the sector average46.27% below the sector average46.27% below the sector average46.27% below the sector average
Growth
44.98% above the market average44.98% above the market average44.98% above the market average44.98% above the market average44.98% above the market average
49.51% above the sector average49.51% above the sector average49.51% above the sector average49.51% above the sector average49.51% above the sector average

What The Brokers Say

Strong Buy 4
Buy 3
Neutral 2
Sell 3
Strong Sell 0
Total 12
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

RS Group Dividends

  Latest Previous
  Interim Final
Ex-Div 24-Nov-22 16-Jun-22
Paid 06-Jan-23 22-Jul-22
Amount 7.20p 11.60p

Trades for 07-Feb-2023

Time Volume / Share Price
17:06 3,900 @ 1,012.00p
16:35 1,678 @ 1,012.00p
16:35 2,542 @ 1,012.00p
16:35 396,203 @ 1,012.00p
16:35 1,536 @ 1,012.00p

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