London, July 5, 2026, 23:03 BST
- RHI Magnesita ended Friday at 2,890p, up 4.14% on the day and 3.6% for the week; the FTSE 250 rose 0.52% on Friday.
- The Friday move came on 15,419 shares and £429,310.85 of on-book turnover, a small tape for a stock with 47.36 million voting rights.
- The next scheduled company event is H1 results on July 27, after April guidance for about €400 million of 2026 adjusted EBITA including foreign-exchange headwinds.
RHI Magnesita N.V. LON:RHIM goes into the new London trading week with a price gain that looks stronger at the close than it did in the order book.
The refractory maker’s shares closed at 2,890p on Friday, up 115p, or 4.14%, versus a 0.52% gain for the FTSE 250 (INDEXFTSE:MCX). The London market was shut on Sunday, with standard LSE trading hours running Monday to Friday, 8:00 a.m. to 4:30 p.m. London time.
Friday also flipped the stock’s week. RHI had closed at 2,790p on June 26 and at 2,775p on July 2, leaving it down slightly before the final session. The Friday close at 2,890p turned that into a 3.6% weekly gain.
| RHI Magnesita price marker | Level | Move |
|---|---|---|
| June 26 close | 2,790p | — |
| July 2 close | 2,775p | -0.5% vs June 26 |
| July 3 close | 2,890p | +3.6% vs June 26 |
| July 3 daily move | +115p | +4.14% |
| FTSE 250 July 3 move | — | +0.52% |
The thin-volume math is the useful part for investors. RHI’s 115p Friday rise added about £54 million of quoted equity value when applied to the company’s 47.36 million voting-rights base. LSE data put Friday volume at 15,419 shares and on-book turnover at £429,310.85. That is about 0.03% of the voting-rights denominator.
| Friday tape | Figure |
|---|---|
| Closing price | 2,890p |
| Daily gain | 115p |
| Voting-rights denominator | 47,364,298 shares |
| Implied value added by daily price move | about £54 mln |
| Reported volume | 15,419 shares |
| On-book turnover | £429,310.85 |
| Volume as share of voting rights | about 0.03% |
That does not make the move false. It makes Monday’s flow the test. A mid-cap with limited turnover can carry a sharp close, but the next session will show whether the Friday price draws buyers above 2,800p or slips back toward Thursday’s 2,775p close.
The latest company capital filing last week was routine but useful for the math. RHI said that, as of June 30, it had 47,364,298 aggregate voting rights and 2,113,407 ordinary shares held in treasury.
The stock is not stretched against its own one-year tape. AJ Bell showed a 52-week high of 3,390p and a low of 1,920p, putting Friday’s close about 14.7% below the high and about 50.5% above the low. It also showed market capitalisation at £1.37 billion and dividend yield at 5.43%.
The next company test is not next week, but later in July. RHI’s financial calendar lists H1 results for July 27. The last trading update, released on April 29, said full-year adjusted EBITA guidance was unchanged at about €435 million on a constant-currency basis, or about €400 million after currency headwinds.
| July 27 results watch | Last company marker |
|---|---|
| 2026 adjusted EBITA guide | about €435 mln at constant currency; about €400 mln including FX |
| Year-end leverage guide | about 2.6x |
| Q1 adjusted EBITA | up about 15% year on year; up 46% at constant currency |
| Q1 demand | steel weaker in Europe, Middle East and LATAM; industrial demand down slightly in cement and projects |
The operating read-through is mixed. The company said Q1 steel refractory volumes were broadly in line with a year earlier, while industrial demand fell slightly in cement and industrial projects. North America and Latin America supported earnings, Europe & CIS lagged, and a planned inventory build lifted net debt at the end of March.
Chief Executive Stefan Borgas said in the April update that the group had “restored margins to acceptable levels.” That is the point investors will check on July 27: whether Friday’s price move has backing from cash generation and deleveraging, or whether it was just a thin Friday print before the real numbers arrive. RHI Magnesita
