Rtc Share Discussion Threads

[eezymunny] 25/2/2015 08:55

Ganymede did £6.3m t/o in H1, say £12.6m annualised.

This contract is £20-25m pa. So RTC overall revenues should increase by between £7.4 and £25m p.a. going forward depending on how much of this new contract is incremental. At the low end £7.4m that's only an overall increase of c. 15% on last year total RTC revenue.

So, who knows/can make educated guess on how much this is incremental to existing Ganymede biz?

[sailing john] 25/2/2015 08:48

Davidosh - totally agree with that

SJ

[davidosh] 25/2/2015 08:46

That contract award is really quite transformational and it looks like they achieved pretty much the maximum that they could possibly have been awarded.

RTC will now be in the sights of any larger player that wants guaranteed income over the next five years and sees the wider benefits that this award brings to any recipient....hopefully we can remain independent and max the benefit for shareholders though.

[battlebus2] 25/2/2015 08:43

Well done holders.

[shanklin] 25/2/2015 08:41

40% up on a 30-40% increase in revenue p.a. seems a little modest.

[skier100] 25/2/2015 08:39

RTC has got £2m net assets, £1m profit (and rising fast), £1m cashflow-generation, will soon have no debt, and £50m+ revenues for 2015. Circa £5-7m marcap. Very well-run company.

[shanklin] 25/2/2015 08:23

Very impressed that there was no insider trading before today. Quite a few people outside RTC must have known this award was going their way.

[sailing john] 25/2/2015 08:19

Good to see you back IC2

I think we might get on the radar today

SJ

[opaldouglas] 25/2/2015 08:17

Welcome back ic2 ;)

[opaldouglas] 25/2/2015 08:16

Nice to see us leave the old trading range behind, i still think we should be trading circa £12.5M Mcap given we know profits will be marginally ahead of expectations and in the region of 1M for last year.

Todays news really provides a stable platform and guarantees future revs over the long term in a great market.

[interceptor2] 25/2/2015 08:11

opaldouglas, You were 100% right, I am back!

I had no intention of buying back into RTC, due to the illiquid nature of the stock, but one lesson I have learn't over the years is that I never ignore a significant catalyst.

And this contract news is about as significant that I have noticed anywhere this year.

Not easy to buy in size this morning.

[shanklin] 25/2/2015 08:09

Blimey, nearly added more last week... ...but decided I had rather a lot already :-)

Shame it was so difficult to buy first thing.

[opaldouglas] 25/2/2015 08:05

Cracking news, £80-£100m over the next five years ;)

Nice to hear the management sounding upbeat, they should really blow their trumpet a little more often!

OD

[glennborthwick] 25/2/2015 07:41

Big news. Rtc won the rail contract.

[opaldouglas] 20/2/2015 10:14

ic2 - if OP's are in the region of £900k-£1M and net assets are round about £2.5M than based any conventional valuation method RTC should be valued at circa £12.5M in my book, upside way above a double bagger based on last years results in a strong recruitment market.

You'll be back ;)

[interceptor2] 20/2/2015 09:42

Very quite here with no posts for a while, I haven't held these since selling my last shares in mid January, my decision wasn't really company specific but a general move towards more liquid stocks.

I wonder if the AIM index is finally turning up now, might help attract some interest a little towards the more illiquid stocks.

I wish holders here well.

Regards ic2...

[11023154] 29/1/2015 17:06

Probably bullies manipulating and will bounce over next week

[davidosh] 29/1/2015 16:18

I could not see anything wrong with the overall statement and increased earnings on slightly lower turnover than expected means margins or overall returns are improving.

The outlook and forecast for this current year are for revenues to increase a further 12% and pbt up 20% and eps to over 6p. That is a p/e below 7 and with real growth year after year. This is far too cheap IMO and the broker target is 55p....so why the fall from 46p to 38p ??

[cfro] 26/1/2015 11:02

Just a shame their statement was rather lacklustre.

Virtually every other company in the sector seem to be trading far better.

[davidosh] 26/1/2015 10:37

Final results will be out on 9th March....last year was 19th March. I do like companies that get their accounts out efficiently and much faster than prior years....generally a good indicator that all is going well and confident to get the good news out. The reverse applies even more of course !

[mickharkins1] 26/1/2015 08:38

Thanks O.D.

[opaldouglas] 26/1/2015 08:16

mick, latest note below. Suspect Allenby may release some commentary later on today.

[mickharkins1] 26/1/2015 08:12

Thanks glenn.

[glennborthwick] 26/1/2015 08:10

Yes to both

[mickharkins1] 26/1/2015 08:07

OD - is your PBT estimates the latest from Allenby and does this translate into diluted EPS of ~ 4.7p for the year? Thanks