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What is MM’s view on RPM Global (RUL)?

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What is MM’s view on RPM Global (RUL)?

Hi James and Team Could I have your view on RPM Global (RUL). It's up 25% since start of Jan and has reached new highs. ($2.27) this month. " The company believes its software products and advisory services continue to capture market share from their competitors and their outlook remains very positive" Is RUL one to watch and if so at what price? It's at its all time highs at the moment. regards Debbie

Answer

Hi Debbie,

This Brisbane based $500mn technology company exposed to mining has revenue of ~$100m, is profitable and has good momentum.

We do not know it that well, hence we will fall back on our technical risk/reward perspective:

  • The stocks trading around its all-time highs in similar fashion to the ASX200.
  • RUL isn’t a particularly liquid stock but it looks interesting below $2.10 as a push to new highs has that inevitable feel about it.
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RPMGlobal Holdings Ltd (RUL)
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