RBG Holdings PLC Progressive publishes new research
19 Julio 2022 - 5:26AM
RNS Non-Regulatory
TIDMRBGP
RBG Holdings PLC
19 July 2022
Diversified revenue stream ... and high margin
RBG is a unique provider and consolidator of high-margin professional services businesses.
Strong growth in FY21 and solid trading performance reported in July provides clear evidence
that RBG's strategy and commercial approach are delivering. The acquisition of Memery Crystal
has added significant scale and breadth to RBG Legal Services (RBGLS), and we expect further
selective M&A. Given RBG's better business mix and high returns from contentious work, we
see good support for margins. In our view, the current discount to peers is unjust given forecast
growth, both organic and through bolt-ons. In addition, we believe the significant upside
potential from contingent work and litigation finance, both in-house and third party (LionFish),
is not reflected in the share price.
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(END) Dow Jones Newswires
July 19, 2022 06:26 ET (10:26 GMT)
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