Progressive publishes new research

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.

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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.

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Broad coverage		Analyst calibre
across 12 sectors
Business Services	Oil & Gas	15 analysts	with average	20 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

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[e-mail]

 

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