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RTO Rentokil Initial Plc

472.90
0.40 (0.08%)
Last Updated: 08:11:27
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Rentokil Initial Plc LSE:RTO London Ordinary Share GB00B082RF11 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.40 0.08% 472.90 35,681 08:11:27
Bid Price Offer Price High Price Low Price Open Price
472.60 473.10 474.60 472.90 474.60
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Disinfecting,pest Control Sv 5.38B 381M 0.1516 31.15 11.87B
Last Trade Time Trade Type Trade Size Trade Price Currency
08:11:17 AT 480 472.90 GBX

Rentokil Initial (RTO) Latest News

Rentokil Initial (RTO) Discussions and Chat

Rentokil Initial Forums and Chat

Date Time Title Posts
17/3/202415:44THE REVERSE TAKEOVERS & SHELLS THREAD1,031
07/3/202412:32Rentokil Initial plc1,248
12/10/202219:22Longs to be processed -
12/4/201912:33Rentokil Initial Q1 18.04.19 Preview-
06/11/201519:22Buying Opportunity. Was pest control franchising part of their strategy?-

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Rentokil Initial (RTO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
08:11:17472.904802,269.92AT
08:11:12472.906683,158.97AT
08:11:12472.906503,073.85AT
08:11:12472.906973,296.11AT
08:10:45473.205742,716.17AT

Rentokil Initial (RTO) Top Chat Posts

Top Posts
Posted at 28/3/2024 08:20 by Rentokil Initial Daily Update
Rentokil Initial Plc is listed in the Disinfecting,pest Control Sv sector of the London Stock Exchange with ticker RTO. The last closing price for Rentokil Initial was 472.50p.
Rentokil Initial currently has 2,513,000,000 shares in issue. The market capitalisation of Rentokil Initial is £11,868,899,000.
Rentokil Initial has a price to earnings ratio (PE ratio) of 31.15.
This morning RTO shares opened at 474.60p
Posted at 17/3/2024 15:44 by hedgehog 100
14/02/2024 10:29 RNS Regulatory News Beacon Rise Holdings PLC Issue of Equity LSE:BRS Beacon Rise Holdings Plc

"Issuance of shares

Beacon Rise Holdings plc (the Company) announces that on 14 February 2024 it issued 58,333 ordinary shares of £1.00 each in the capital of the Company at a price of £1.20 per ordinary share (the Shares).

Following the issuance of the Shares, the Company's issued share capital comprises 1,180,333 ordinary shares.

The Company intends to apply for the admission of the Shares to the standard listing segment of the Official List of the Financial Conduct Authority and to trading on the main market for listed securities of the London Stock Exchange.

Enquiries

For further information, please visit www.beaconrise.uk or contact Kemp House, 160 City Road, London, EC1V 2NX."




An interesting recent fundraise by BRS.

Only c. £70K. raised, but the placing price of £1.20 is a hefty premium: 50% above the current BRS share price of 80p, and 60% more than the share price on 14th. February (75p).

Moreover, BRS's loss in its 6 months to 30.9.23 was only £19,714, at which point it still had cash of £328,900, and £358,991 net & net current assets.

The market cap. at 80p is £944,266, but these types of shells can arrange RTOs at multiples of their cash.

It looks to me like this placing could well be a prelude to an imminent proposed RTO, at a BRS share price of at least £1.20/share, but potentially a lot higher than that.
Posted at 17/3/2024 15:07 by hedgehog 100
LoTM,

Sorry about the delay in replying.

You may be interested in EARN (EARNZ plc), formerly VDTK, which has just turned itself into an AIM cash shell (where there are much tighter time limits for cash shells than the main market):-

01/03/2024 07:00 RNS Regulatory News Verditek PLC Completion, Update and Appointment of Advisers LSE:VDTK Verditek Plc
"... Further to its announcement on 28 February 2024, Verditek plc (AIM: VDTK) announces completion of the disposal of its solar business, Verditek Solar Italy srl, the resignation with immediate effect of The Rt Hon. Lord David Willetts, Robert Richards and George Katzaros and the appointment of Bob Holt and John Charlton as directors of the Company. Further details pursuant to AIM Rule 17 and Schedule Two (g) of the AIM Rules for Companies are set out below.
The Company is now regarded as an AIM Rule 15 cash shell, having ceased to own, control, or conduct all or substantially all, of its existing trading business, activities, or assets. The Company will therefore, within 6 months, need to make an acquisition or acquisitions which constitute a reverse takeover under AIM Rule 14, failing which trading in the Company's shares on AIM will be suspended. Should the Company's shares remain suspended from trading for 6 months, admission of the Company's shares to trading on AIM will be cancelled under AIM Rule 41. ..."


06/03/2024 08:55 RNS Regulatory News Verditek PLC Change of Name Effective LSE:VDTK Verditek Plc
"Further to its announcement on 28 February 2024, the Company announces that its change of name to EARNZ plc has been registered at Companies House with effect from today.
The new name will be reflected on AIM and the Company's ticker will change to 'EARN' at 8.00 a.m. on 7 March 2024. The Company's ISIN (GB00BF2C0424) and SEDOL (BF2C042) will remain unchanged.
In order to reflect its new name, the Company's website address (including the information required by AIM Rule 26) has been changed to www.earnzplc.com. ..."



ST,

Many of the charts in this thread header are no longer showing, but that doesn't necessarily mean that they have delisted and gone bust.

It can happen for example when a company RTOs and changes its name.

No. 13 for example (FBDU) is now IQAI.

"13. FBDU (Flying Brands) 2.5p £0.7M. pid=quote&symbol=FBDU "
Posted at 07/3/2024 14:26 by sunshine today
TRD No 39 in the chart above.




The real growth is about to start.
Posted at 04/1/2024 00:09 by philanderer
Rentokil Initial was weaker after RBC Capital Markets cut its price target on the shares to 575p from 610p as it downgraded forecasts for forex and a greater back-end loading of TMX synergies, but said it believes the long-term story remains intact.


Sharecast
Posted at 20/10/2023 12:56 by fenners66
As for buying Terminix - I looked at their published accounts at the time and without explanation that I could find, their accounts were awful and the transaction looked way over priced.

I posted on another thread I believe where RTO was being discussed that there did not seem a justification for the price and I expected it would take 3 years from then for the share price to regain the same as it was prior to announcing the transaction.

I am surprised it has recovered so well up to now - but if it goes back to my 3 year (or longer) timescale for the synergies to be reflected in the share price that would be what I expected then anyway.
Posted at 20/10/2023 12:52 by fenners66
>mortal1ty

You were describing RTO as a "bond proxy"
I chose to give some relevant examples from that days RNS to show its not.

I challenged your definition of RTO the whole company being a "bond proxy " because it is not and has not been at least in the last decade or more.

Other companies ,like CSN or PHNX or IMB are more akin to bond proxies. They have models that left to their own devices will generate lots of cash and pay high dividends but the business will decline over time.

RTO is nothing like them.

Choosing instead to focus on the short term organic growth (which is still growing !) is trying to move the goalposts after I challenged you.
As for organic growth we already know that post covid bed bugs will contribute.
The Welch govt banning glue traps for rats will likely result in growth of more expensive remedies.
Population growth / density and climate change world wide will most likely add even more pests to be controlled.

So in principal any idea that RTO should move to ex-growth without acquisitions is imo completely flawed.

As predicted you tried to defend your "bond-proxy" comment ...
Posted at 19/10/2023 09:26 by netcurtains
Yes in all seriousness RTO is at the forefront of saving humanity from extinction. With viruses and pests the right balance of hygiene and exposure to potential diseases is really important.
RTO is the only company that can save humanity from extinction. We will have all sorts of pandemics in the next ten years. RTO is our shield
Posted at 17/11/2022 18:06 by hedgehog 100
"SPACs that got their standard listing before the minimum MCap requirements changed to £30m have until Jun 23 before those rules apply."
"I understand the transitional arrangements mean shells listed before the rules changed have to complete and be trading by Jun 23, if under the £30m. This does still mean that the Standard listed clean shells are still a route to a main market listing for smaller companies, but not for much longer."


Sweet Karolina,

First of all, please could you clarify what you are saying, especially as your above two statements are slightly different.
Are you referring to a £30M. RTO by that deadline, or just any RTO?

Secondly, please could you provide a source and link, as the info. seems to be inconsistent with some info. I copied into post 998 above.

A requirement to complete a RTO by June 2023 would clearly require that the RTO process begins much earlier.


As regards the premium paid to a shell's cash for a RTO: it can vary enormously, and the waters can also be muddied if there is no RTO placing, because any RTO price is then in effect a 'deemed' price: a shell can RTO a target for a given share of the equity, and then 'deem' a value for the shell and the target.

Generally though, the RTO will also take account of cash spent by the shell, at least relatively recently, in pursuit of a RTO, and give a value of at least £250K. or so for the listing - though it can be multiples of that in some cases.
Posted at 16/11/2022 23:52 by sweet karolina2
Hedgehog,

I understand the transitional arrangements mean shells listed before the rules changed have to complete and be trading by Jun 23, if under the £30m. This does still mean that the Standard listed clean shells are still a route to a main market listing for smaller companies, but not for much longer.

Re MTFB, the interesting bit is why the shareholders voted for 0p rather than allow the RTO to proceed, ie not get 0p. Basically the BoD was the BoD who ran the company into the ground in the first place trousering fees all the way, and whereas shareholders were getting very little - effectively the shell was being valued at about the cost of an AIM listing (there was no cash left in it by the time it got to the GM, which is why it should be struck off by CH any day now - already past the date in first Gazette), the BoD were getting oodles of cheap warrants. They company did then IPO directly using the DD already done. It started at 20p (the proposed RTO price after 220 to 1 consolidation) went up to 30p and has since come back down to 20p.

Agree re CCAP had it not lost its listing, but all 5 AIM rule 15 shells lost their listings one way or another.

The only one that does look like it is going to make it back to trading onto the standard list is SPC - it has now issued the prospectus and called the GM. The company coming in is effectively paying about £3.5m for the listing when you deduct the remaining cash from what is being paid for the shell and its cash, adding back 10% for costs of raising cash. At the RTO and placing price (they needed more than was left in the shell) - 0.3p those who bought into the shell at the cheapest price it was trading at after becoming an AIM rule 15 shell and prior to suspension on announcing the RTO, have theoretically made 50% (they only actually make it if the sell and the share price does not tank, which I strongly suspect it will) however there were a few trades where people paid over 0.3p so they are already under water.

Of your clean shells that have got all the way to trading, what do you think is being paid for the listing ie the premium to cash left in the shell plus 10% at start of trading? I think the Greek pot company has way over paid for the shell and I think they have done that because they would not have made it on their own (the expanded MCap is over £30m and still would be if they had they not overpaid for the shell)

Your interest in clean shells with main market listings is very different to my interest in dirty AIM rule 15 shells which stink from a risk / reward perspective, especially those that will have no cash by the time they make it back to trading (if they make it back). I don't think many realise the difference and therefore blunder in.

I hope you don't mind me coming on your thread to highlight the difference.
Posted at 25/5/2022 19:15 by hedgehog 100
NZI was suspended for a RTO last week.

And it looks like a good one: a significant, profitable business in an exciting, buoyant space:-

19/05/2022 08:11 UK Regulatory (RNS & others) Net Zero Infrastructure Plc Proposed Acquisition and Suspension of Listing LSE:NZI Net Zero Infrastructure Plc
"NZI, a special purpose acquisition company formed with the intention to acquire
renewable or clean energy technology companies and to finance, develop and
promote those environmentally sound projects internationally, is pleased to
confirm that it has signed a non-binding letter of intent ("LOI") to acquire
the entire issued share capital of Taylor Construction Plant Limited and Solar
Highways Limited ("TCP" or "the Target"). TCP is a UK based infrastructure
services business, for a combination of cash consideration and new shares in
the Company (the "Proposed Transaction"). ..."



Anyone who was dumping NZI at barely 2p per share recently must be kicking themselves, as if the RTO goes ahead - which it's odds on it will - then a share price of 4p+ looks pretty much nailed on.

But challenging stock market conditions often throw up bargains like this: sometimes due to distressed sellers; but sometimes just due to people dumping at the bottom of a trough out of fear.

And shells in particular often have a fairly typical share price pattern: an initial spike, often fueled by punters who don't appreciate the timescales and dilution of RTOs, followed by a lengthy, steady decline as boredom, impatience, and reality sets in.
Which can then be followed by a RTO at a higher share price - sometimes much higher.

Experienced investors can use this pattern to their advantage, waiting patiently for the optimum point to buy in.

The more things change, the more they stay the same.

Which is why TMOR looks well worth a punt at/near its one penny 4th. March IPO price.

More Acquisitions (TMOR) 0.975p Market cap. £1.22M.
Rentokil Initial share price data is direct from the London Stock Exchange

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