RCS - RBG Holdings PLC - Progressive publishes new research

RBG HoldingsAnnouncement

19/07/2022 11:30

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RNS Number : 9800S  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.

 

Click here for full analysis
(https://progressive-research.com/research/diversified-revenue-stream-and-high-margin/)

 

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About Progressive:

 

Progressive is an equity research and investor engagement company.  FCA
authorised and regulated, the firm has a 15-strong team of highly experienced
analysts.  We provide Institutional grade research and connect companies with
investors across every sector of the market.

 

www.progressive-research.com (http://www.progressive-research.com)

 

 Broad coverage                    Analyst calibre

 across 12 sectors

 Business Services  Oil & Gas      15         with average    20
                                   analysts                   years
 Financials         Property                  experience of
 Healthcare         Retail
 Industrials        Technology     30+                        techMARK
 Investment Trusts  Telecoms                  industry based  Extel
 Mining             Utilities                 awards          StarMine

 

For further information please contact:

 

Keith Hodgskiss

+44 (0) 20 7781 5315

khodgskiss@progressive-research.com

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