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Sentiment turns against RPC
RPC (RPC) 861.15p
Loss to date: 13.2%
Original entry price: 992p, 13 October 2016
Market sentiment appears to be turning against plastic packaging firm RPC (RPC) after an aggressive period of buying other businesses.
We think it is time to give up the shares in fear it may become a target for ‘bear raiders’, namely people who write negative reports on a company in order to profit from a decline in its share price.
RPC has already received criticism for falling returns on capital.
Cut your losses and sell at 861.15p. (TS)