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

Sector:

Engineering

Index:

FTSE 250

3,105.00p
   
  • Change Today:
      30.00p
  • 52 Week High: 3,785.00p
  • 52 Week Low: 2,734.00p
  • Currency: UK Pounds
  • Shares Issued: 47.19m
  • Volume: 8,832
  • Market Cap: £1,465.34m
  • Beta: 1.07

Rhone offers to buy 20% stake in RHI Magnesita, shares surge

By Michele Maatouk

Date: Tuesday 30 May 2023

LONDON (ShareCast) - (Sharecast News) - RHI Magnesita surged on Tuesday after Ignite Luxembourg Holdings, which is indirectly managed by Rhone Holdings, offered to buy a 20% stake in the company at 2,850p per share in cash.
The offer, which represents a 39% premium to the closing share price on Friday, values the group at £1.38bn.

Rhone said it will seek representation on the RHI Magnesita board.

In a very brief statement, RHI said: "The board is considering its response to the partial offer and a further announcement will be made in due course."

RHI Magnesita is a supplier of refractory products, systems and services to the steel, cement, non-ferrous metals and glass industries.

At 0945 BST, the shares were up 24% at 2,545.87p.

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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 3,105.00p
Change Today 30.00p
% Change 0.98 %
52 Week High 3,785.00p
52 Week Low 2,734.00p
Volume 8,832
Shares Issued 47.19m
Market Cap £1,465.34m
Beta 1.07

RHIM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
86.00% above the market average86.00% above the market average86.00% above the market average86.00% above the market average86.00% above the market average
65.52% above the sector average65.52% above the sector average65.52% above the sector average65.52% above the sector average65.52% above the sector average
Price Trend
37.59% above the market average37.59% above the market average37.59% above the market average37.59% above the market average37.59% above the market average
40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average
Income
99.19% above the market average99.19% above the market average99.19% above the market average99.19% above the market average99.19% 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
3.12% above the market average3.12% above the market average3.12% above the market average3.12% above the market average3.12% above the market average
Sector averageSector averageSector averageSector averageSector 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
  Interim Final
Ex-Div 29-Aug-24 16-May-24
Paid 26-Sep-24 13-Jun-24
Amount 60.00¢ 125.00¢

Trades for 21-Nov-2024

Time Volume / Share Price
16:35 4,762 @ 3,105.00p
16:35 3 @ 3,105.00p
16:35 6 @ 3,105.00p
16:35 28 @ 3,105.00p
16:35 8 @ 3,105.00p

RHIM Key Personnel

CEO Stefan Borgas
Chair Herbert Cordt
CFO Ian Botha

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