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RPMGlobal Holdings Ltd (RUL) Update

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Question asked 17/05/2025

RPMGlobal Holdings Ltd (RUL) Update

Hi MM, Can you please provide your updated views on RUL following its 13.05.25 costs update; and whether you consider current share price levels a good entry or top-up point? Thanks,

Answer

Hi,

RUL lowered its corporate cost guidance this week to take into account the divestment of its advisory business in April, they expect costs to decline form $15.8mn to $11.3mn. The drop was flagged but RUL just weren’t exactly sure when the deal would be completed. We think this diverstment is a good move by RUL and while it has an impact on earnings in the short term, it creates a more focussed operation moving forward.

No great surprise to us and the lack of movement by the share price showed the market agreed.

We like and hold RUL, targetting a move towards $3.50.

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RPMGlobal Holdings Ltd (RUL)

LAST UPDATED 16/05/2025 13:43

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