A 1st May AGM trading update saw project management group RPS (RPS) state “the Australian property market, as anticipated, remained subdued. However, the transport sector was strong, and the acquisition of Corview in February 2019 further strengthens the group's position in this market. There are indications of improved performance in both segments in the second quarter”. Now a further trading update; “in Australia”…
Half-year results on 2nd August from RPS Group (RPS) saw CEO John Douglas emphasising “we have made good progress in respect of our strategic priorities including the re-organisation of the business that will provide a solid platform for growth”. Today the company reports third quarter adjusted profit below expectations and a warning that profit will be further impacted by “necessary investment in the business”. Uh oh…
One of the tricks of the trade as far as technical analysis is concerned is to stick to the big signals. These include unfilled gaps, island reversals and dead cross sell signals between the 50 day and 200 day moving averages.
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