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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Rethink Grp | RTG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.875 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.875 |
| Top Posts |
|---|
Posted at 20/8/2013 23:33 by blackbear s34icknote how the hell did you buy 50k today they are being held so tightly... I wonder if the dividend will be reinstated? share price should run to 20p at least by 24th September that's a good return in just over 4 weeks. IMHO |
Posted at 09/7/2012 10:16 by glasshalfull I wondered where the FD picked up stock.One of my concerns was RTGs inclusion in the T1ps Small Cap Fund and well documented difficulties with the whole Rivington Street empire. As you will see from the link, it would appear that this fund were keen buyers at the time & one of my concerns were the possibility that a new fund manager may simply jettison the holding. The new fu d manager are Webb Capital but given that RTG were never a top 10 holding I'm unsure if they are still holding....or could this have been the stock which the FD picked up? Regards, GHF |
Posted at 12/6/2012 15:15 by paleje I doubt I'll buying anything till after Greece unfolds, GHF, but I do think some stocks are getting attractive. I know what you mean about RTG and their receivables at £20m is highish nearly 30% of revenue compared with HVN under 20% revenue. Debt is short term via invoice discounting although they have facilities in place.When's it right to buy, I don't know, instinct says hang on a bit. HVN dropped to 3x earnings in late 2008, could it happen again? RTG is 4.7 falling to 3.8 in 2013. I noticed WORK blinked the other day then back to sleep, they made an appointment last month Hayley Brooksbank to MD Work Communications, it's not their strongest area maybe she'll beef it up. Sorry going OT here, but best regards anyway. |
Posted at 12/6/2012 14:03 by glasshalfull Paleje - I think you're correct. Sector v weak at the moment and likes of HVN failed to make headway despite bullish update. RTG are on an inexpensive rating if you simply consider them on an EPS / PER basis...BUT...my issue with RTG is that net debt sat at £7.1m (31/12/11) and they keep flagging an acquisitive policy which certainly concerns me, especially when reported cashflow ain't good (£0.05m generated from operating activities 31/12/11). Little room for manoeuvre should the unexpected happen (we remember EMR and Germany legislative changes which wiped 70% off the shareprice). Also, trade and other receivables amounted to £20.2m at end of 2011, up £5.5m on previous year. So, on an EV basis they are still cheap but not screamingly so IMHO. Regards, GHF |
Posted at 13/4/2012 16:49 by pj 1 Hays issued positive results yesterday, share price rose 8% on the back of that. Some concern that UK is tough (as if we didn't know)! RTG seems to have a strategy to beat that |
Posted at 16/3/2012 12:54 by pj 1 Notice of Final ResultsShare this article Alert TIDMRTG RNS Number : 4324Z Rethink Group (The) PLC 16 March 2012 16 March 2011 Embargoed until 07:00 The ReThink Group plc ("ReThink" or the "Company") Notice of Final Results The ReThink Group (AIM: RTG), one of the UK's leading recruitment and consulting companies, will be announcing Final Results for the year ended 31 December 2011 on Tuesday 03 April 2012. The management will be hosting a presentation for analysts on the day of results at 9.30am at the offices of Newgate Threadneedle: 3(rd) Floor Aldermary House, 10-15 Queen Street, London, EC4N 1TX. Analysts who wish to attend the presentation should register their interest with Fiona Conroy, contactable at f.conroy@newgatethre |
Posted at 20/6/2011 07:31 by 3searcher The ReThink Group plc("ReThink" or the "Company") Acquisition of Berkley Recruitment (Group) Limited and Directorate change The ReThink Group plc (AIM: RTG), one of the UK's leading recruitment and professional services companies, announces the acquisition of the entire issued share capital of Berkley Recruitment Group Limited ("Berkley"). The initial consideration is 2.65 million (equivalent to approximately £2.34 million) with additional deferred consideration of up to 4.125 million dependent on the aggregate EBITDA achieved by Berkley and its subsidiaries in the year ending 31 December 2011 ("the Acquisition"). In keeping with ReThink's philosophy of sharing equity with its business leaders, the senior management of Berkley will have an initial aggregate 7.85% interest in ReThink, following the payment of the initial consideration, which is expected to increase following the satisfaction of the deferred consideration. In conjunction with the Acquisition, the Company has appointed Stephen Greenwood and Fergal Brosnan as executive directors of the Company with immediate effect |
Posted at 08/2/2011 16:53 by tsmith2 The ReThink Group* - Trading Update: 2010 in line with expectations. Positive start to 2011. Reiterate buy stance at 8.5p with a target price of 14.8pKey Data EPIC RTG Share Price 8.5p NMS 5,000 Spread 7.5p - 9.5p Total no of Shares 93.22 million Market Cap GBP7.92 million 12 Month Range 4.5p - 9.125p Market AIM Website www.therethink-group Sector Support Services Contact Jon Butterfield, CEO Tel: 07831 593646 The ReThink Group, (ReThink) the IT recruitment and IT consulting business has issued a post year end trading update indicating that for the year ending 31st December 2010, revenues will be marginally ahead of market expectations and the profit before tax to be in line with market expectations at GBP0.9 million. While it is very early in the year, the company reports that current trading has started well with contractor numbers continuing to grow, permanent revenues ahead of management's expectation and a positive start from the IT & Business Consulting division, Aiimi Limited. The continued development of the Group's Recruitment Process Outsourcing ("RPO") offering is adding long term contract agreements to the company the Board is pleased with the development of Boots and M&S in this area. ReThink expects to report on a further RPO win in the near future. The group states that it is also pleased with the development of the business in the Middle East and expects to open a new office in Asia during H1 of 2011. Given the tone of the statement, the expectation of new contract wins and the forthcoming branch opening in Asia we have further comfort and visibility on our 2011 forecasts. We have continuing concerns about the UK economy but so far the company and other recruiters in the sector have continued to see strong demand. We believe that given the cut backs companies have made over the last two years, many now have no further room to reduce staffing numbers, which should help sustain demand for both permanent and contracted IT staff. We applaud the company's efforts to diversify its activities and geographical base. At this stage we leave our 2011 forecasts unchanged and retain our target price of 14.8p which equates to a current year PE ratio just shy of 13 times. Unless there is a significant deterioration in the UK economy we think it more than likely that our cautious 2011 estimates will be increased again as the year goes on. At 8.5p the stance is buy. |
Posted at 17/9/2010 09:43 by carterdl Not many shares have a one year range as wide in percentage terms as RTG. A real rollercoaster ride ... and we're currently in a dip, for no good reason really. But there must be a fair chance of touching 11 - 12p within the next 12 months and with much more to potentially come in coming years.TW has in mind £100m revenues, giving 4-5p earnings by around 2015, followed by a sale at a double digit multiple. So I'm in for the long haul, as if he's even half right RTG will give a great return, without even considering the dividends. |
Posted at 16/9/2010 13:17 by standtall 16th September 2010Analyst: Derren Nathan Email: derren.nathan@gecr.c Tel: 0207 562 3371 Rethink Group* - Interim results show growth in all divisions. Declaration of inaugural dividend - BUY at 5.5p maintaining target price of 20.5p. Key Data EPIC RTG Share Price 5.5p NMS 5,000 Spread 5p-6p Total no of Shares 93.22 million Market Cap GBP 5.13 million 12 Month Range 4.5p-10.5p Market AIM Website www.therethink-group Sector Support Services Contact Jon Butterfield, CEO Tel: 07831 593646 The Rethink Group (ReThink), the IT recruitment and IT consulting business today delivered a robust set of interim results for the six months to 30 June. Gross revenues were up by 9% to £ 27 million and net fee income increased by 12% to £ 5.9m. This growth was magnified at the bottom line with pre-tax profit growing from £ 12,000 to £ 0.21 million. The company has declared an inaugural interim dividend of 0.054p per share. The increase in gross profit has been largely driven by an increase in permanent revenues. Contract margin increased by £ 84,000 to £ 3.1 million and permanent margin jumped by £ 627,000 to £ 2.1 million. ReThink's strategy of not cutting permanent recruitment teams in 2009 is proving to be the correct one, as demand has increased across the UK and long-term customers have begun to hire again. Year on year permanent placements increased from 277 to 364. The company has had some exposure to certain public sector clients and this has led to some pressure on revenues in this division, as a result of Government led public spending decisions. In particular, ReThink lost a major client with 70 onsite contractors. However, elsewhere in the business there have been higher margin contract wins to compensate for this. The company's Southend division is being relocated to London which should enable some measure of cos t savings. The Business and IT Consultancy division is also performing well with revenues up 4% to £ 211,000. Aiimi has increased its head count by 20 per cent and seen utilisation levels increase by 51 per cent. As anticipated the investment in staff and business development has resulted in a loss in this division in the first half, however the Board anticipates a return to profitability in the second half. The division has added new customers across several sectors. Whilst this is an upbeat set of results, we share the company's ongoing concerns about the UK economy, and have trimmed our 2010 forecasts. Our pre-tax profit forecast now stands at £ 0.9 million ( £ 1.2million). We have also trimmed our 2011 forecasts but given the strong trends in trading shown in today's results, have reduced our pre-tax profit forecast by just £ 0.1 million to £ 1.6 million. The announcement of an inaugural interim dividend underlies the management's cautious optimism about future trading. The continued focus on securing longer term contracts in the Recruitment Process Outsourcing and Managed Service area has resulted in the signing of another three year contract with Boots UK Limited. Further deals of this type will strengthen earnings visibility and recurring fee income. Going into 2011 the investment in Aiimi will start to reap returns. Our target price of 20.5p puts the company on a price to earnings multiple of 12.8 times forecast 2011 earnings which we regard as fair given the growth projected and the increased confidence we have in our revised estimates. The stance remains buy |
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