Had you taken my advice and bought RPC Group shares a fortnight ago amid all the post-Brexit market meltdown, you could probably have picked them up for little more than £7. The shares added 22½p to 813½p after news that not only was the company, as I suggested, a beneficiary of the lower pound but that trading was going rather better than expected.
Revenues in the quarter to the end of June were “significantly higher” than the same time last year and operating profits were also running “significantly ahead” of last year and of management expectations. This is a robust trading statement covering the first quarter of the company’s financial year, even before the full benefits of the lower pound kick in — three quarters