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

Sector:

Engineering

Index:

FTSE 250

3,765.00p
   
  • Change Today:
      30.00p
  • 52 Week High: 3,775.00
  • 52 Week Low: 2,050.00
  • Currency: UK Pounds
  • Shares Issued: 47.14m
  • Volume: 15,330
  • Market Cap: £1,774.73m

RHI Magnesita buys US group Resco for $430m

By Frank Prenesti

Date: Tuesday 02 Apr 2024

LONDON (ShareCast) - (Sharecast News) - RHI Magnesita said it was buying Resco Group, a US-based producer of alumina monolithics and refractories, for up to $430m.
Resco makes products for use in the petrochemical, cement, aluminium, and steel making industries, operating seven plants and two raw material sites in the US and two plants in the UK and Canada.

RHI said it was responding to customer feedback to improve supply-chain efficienc and cut production lead times.

Currently approximately 50% of its US sales are not produced in the country and the deal will see "significant" local production in the US and Canada transferred from non-US plants to the Resco production facilities in the US.

Reporting by Frank Prenesti for Sharecast.com

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

 

RHIM Market Data

Currency UK Pounds
Share Price 3,765.00p
Change Today 30.00p
% Change 0.80 %
52 Week High 3,775.00
52 Week Low 2,050.00
Volume 15,330
Shares Issued 47.14m
Market Cap £1,774.73m

RHIM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.16% above the market average78.16% above the market average78.16% above the market average78.16% above the market average78.16% above the market average
57.58% above the sector average57.58% above the sector average57.58% above the sector average57.58% above the sector average57.58% above the sector average
Price Trend
94.01% above the market average94.01% above the market average94.01% above the market average94.01% above the market average94.01% above the market average
94.29% above the sector average94.29% above the sector average94.29% above the sector average94.29% above the sector average94.29% above the sector average
Income
98.24% above the market average98.24% above the market average98.24% above the market average98.24% above the market average98.24% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
11.58% below the market average11.58% below the market average11.58% below the market average11.58% below the market average11.58% below the market average
15.15% below the sector average15.15% below the sector average15.15% below the sector average15.15% below the sector average15.15% below the sector average

What The Brokers Say

Strong Buy 3
Buy 2
Neutral 1
Sell 1
Strong Sell 0
Total 7
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
  Final Interim
Ex-Div 16-May-24 24-Aug-23
Paid 13-Jun-24 22-Sep-23
Amount 125.00¢ 55.00¢

Trades for 08-May-2024

Time Volume / Share Price
17:42 1,370 @ 3,759.87p
16:35 9,852 @ 3,765.00p
16:35 118 @ 3,765.00p
16:35 18 @ 3,765.00p
16:35 37 @ 3,765.00p

RHIM Key Personnel

CEO Stefan Borgas
Chair Herbert Cordt
CFO Ian Botha

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