It’s hard to say whether management at RPC (RPC) were stung into action following criticism earlier this year from Northern Trust Capital Markets, but subsequent trading updates suggest the packaging group is trading solidly, while the integration of its raft of acquisitions doesn’t seem to be quite so problematic as the critique from the wealth manager suggested.
IC TIP:
Buy
at
991p
This is borne out by the latest trading update, which pointed to margins and profits outstripping management's prior expectations on the back of realised cost synergies. Revenues are set to be ahead of the corresponding period last year, driven by the contribution from acquisitions, favourable polymer prices and positive foreign exchange translations.
