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BUZZ-RPC: slumps for a second day after results

Reuters - UK Focus

** Paper and packaging co RPC (NYSE: RES - news) falls 5.6 pct, taking losses in the last two days of Q1 to 13.3 pct following results

** Stock started falling sharply just after the US open on Thursday, losing as much as 13 pct but recovering some losses into the close to end down 7.7 pct

** RPC is well-owned by long only investors, with top shareholders including AXA (Paris: FR0000120628 - news) , BlackRock (Sao Paolo: BLAK34.SA - news) , Old Mutual (Other OTC: ODMUF - news) and Aberdeen. Chart: http://reut.rs/2mV9dOi

** Second huge day of volume: Thursday saw 11m shares traded, its most active day since 2005. 4m shares traded by the session midpoint on Friday, 1.3x 30-day average

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** All nine brokers covering the stock rate a "buy"

** Trader at one of the brokers says concerns over RPC's aggressive M&A programme - the company has announced ten deals over the last year - is leading to concerns over organic growth, causing the share price to be "weak and jittery"