Rentokil Initial plc RTO

Braver than most, this pest control firm deals with rodents, insects and everything in between (big insects) so you don’t have to.

Who here has invested with this company? I invested at £5.14 and have ridden the drop so far. I do think this company has growth potential. As lockdown eases more and more the rats will return in numbers and companies will be looking for help.

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I took a small position last week. They’ve just bought a US pest control company which should boost income eventually and … rat catchers are pretty much like funeral directors in that the market is very sustainable . :wink:

Strap line could be “probably the largest rat catcher in the world” :joy:

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On course to be the world’s biggest rat catcher …

Investors take the bait as Rentokil closes on deal

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Thinks are on the move at last, some good results coming in, the merger is making positive steps
too…

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Present price 440p. Took a big hit based on some not particularly bad news.ie

RNS 19TH October 2023
" RENTOKIL SEES US PERFORMANCE ‘MARGINALLY BELOW’ PREVIOUS EXPECTATIONS

(Sharecast News) - Services group Rentokil Initial said on Thursday that its full-year performance in North America was set to be ‘marginally below’ its previous expectations, citing “near-term market uncertainty”.

From February 27th 2024 RNS

RENTOKIL OFFERS “EXTREMELY GOOD VALUE”, SAYS RBC

(Sharecast News) - RBC Capital Markets has reiterated an ‘outperform’ rating and 575p target price for Rentokil Initial ahead of the pest control group’s full-year results next week.
“We continue to see the stock as extremely good value post its de-rating and remain at ‘outperform’,” the broker said.

With no updates or newsflow from Rentokil since the company’s poorly received third-quarter results in October, the annual results will be closely watched on

7 March

.

Shares dropped sharply at the time of the third-quarter update after the company noted softer consumer demand in North America with new residential customer acquisition being challenged by the macroeconomic backdrop.

The stock still stands 27% lower than the day before the results - trading at 432.8p by 1021 GMT, down 0.6% on the day.

“We expect in line results, with the potential for a better Q4 US run rate (given ROL commentary and website trends),” RBC said.

“Key will be the 2024 outlook - consensus has come down, we think, to realistic levels even with some incremental sales/marketing spend, but an update on the integration remains key.”