Directors Deals 

RPC director's wife buys the dip

RPC director's wife buys the dip

RPC's (RPC) recent full-year numbers caused its shares to close 12 per cent lower, adding to the already significant de-rating suffered since last October. Despite reporting strong revenue and earnings growth, the company has been dogged by concerns over cash conversion. Issues were first raised by Northern Trust Capital Markets in the first quarter of last year, which suggested a run of acquisitions were masking disappointing capital returns. Strong growth has continued, but the company’s interpretation of performance metrics has seemingly scared off potential investors.

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