In this issue... our share tips for September 2024, the latest on our Aggressive Portfolio IX, plus company features and market insight.
What a pest!
Last week’s trading update from the pest control group Rentokil Initial (364p) has seen the share price of the company collapse to its lowest level since 2020. The company has warned that a slowdown in the American market, which generates over 50% of revenues, would lead to much lower profits than previously expected. The statement clearly took the market by surprise with the share price falling by 20% on the day of the announcement as it fell from 475.5p to 380.1p. As can be seen, however, the share price has not fallen much since then and so we believe that there is scope for a short-term bounce as most investors who wish to sell should have now done so.
As most readers will know, Rentokil Initial is a world leader in pest control offering services to customers around the world to control pests from rodents to flying and crawling insects…
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