Rtc Share Discussion Threads

[tiswas] 27/1/2017 08:54

You have missed the most important bit Rivaldo. Look at the guy who has picked up the shares this morning.

[sailing john] 27/1/2017 08:53

Riv - Agree with all that
Managed to add a few on the late announcement
This is very positive as the last TS in late October was a warning!
SJ

[rivaldo] 27/1/2017 08:51

Excellent trading update, confirming historic EPS is in line at 6.2p EPS, and also a positive outlook for this year with 7.7p EPS forecast:



The 3p dividend forecast for each year is not insignificant too :o))

The share price should climb back to 70p-80p now, and potentially a fair amount more imo if ATA is back to form as the results suggest, given Ganymede's long-term and secure Network Rail contract.

They must have had an excellent H2 - I had my doubts about whether they'd make the numbers following the last numbers. Why they didn't RNS the ATA contract I posted earlier is beyond me.

[tiswas] 27/1/2017 08:49

Good timing goStevie, looks like we are in play.

Take out price?

[gostevie63] 20/1/2017 13:42

I have just made my first small investment into RTC Group.

The 4,612 shares at 47.45 trade 13:06 is mine.

The spread almost put me off but hoping that the results on the 30th will be positive.

[rivaldo] 06/1/2017 15:30

Decent 15k buy at 50p earlier on.

Shanklin, I agree, it should have been disclosed. Perhaps there aren't specific monetary amounts guaranteed such that it could be RNS'd, but it could at least have been issued as an RNSNON as it seems like fairly important (and good) news to me.

[shanklin] 05/1/2017 14:04

Until today, I'd missed the contract award mentioned by rivaldo in post 870. I find it quite surprising that this did not warrant an RNS.

[11023154] 05/1/2017 13:21

Here we go massively undervalued

[davydoo] 04/1/2017 14:25

hi davidosh. its always good to see picks that relate to real belief and real holdings, rather then blue sky punts.

I haven't entered for a few years now, but I wish you luck with the challenge and more importantly with your investments.

[davidosh] 04/1/2017 14:19

RTC is one of my five picks in the Stock Challenge for 2017 so fingers crossed

[davydoo] 04/1/2017 14:17

I've not created many boards on here, but I'd forgotten all about this one.

Good to see some familiar names, and a chance to buy in at these prices. I look forward to getting more involved.

[rivaldo] 04/1/2017 09:34

Good to see a bounce from the bottom here. The difficulties affecting ATA referred to in the trading update may well have been mitigated by the contract in my post 870 above (the work actually started in late 2016 according to reports), so hopefully even if there is a shortfall it might be relatively immaterial.

[glennborthwick] 30/12/2016 19:26

watching closely for next update to maybe get back in. doing quite well over at zinc media and innovederma.

My other plays Ive just bought are cssg which might have bottomed.

[rivaldo] 19/12/2016 15:12

Excellent news:



"ATA Awarded Recruitment Contract for the £1.5bn A14 Improvement Scheme
November 11, 2016 at 4:43 pm.

ATA Recruitment are proud to be one of four agencies selected to source freelance and permanent staff on the £1.5bn A14 Improvement scheme between Huntingdon and Cambridge.

Tom Peach, ATA’s Senior Highways Consultant commented, “The awarding of the A14 contract is a true testament to all of the hard work that the ATA team has done over the years to deliver a best-in-class service to our clients across the UK’s Highways and Infrastructure Markets”.

The Highways England project, delivered by a joint venture between Costain, Skanska, Balfour Beatty and Carillion, aims to enhance the safety of drivers, combat congestion, connect people, unlock economic growth and improve the environment. The scheme, stretching over 21 miles, is one of the largest road projects in the UK and is due to take around 3 years to complete, opening to traffic in mid-2020.

Rachel Skelton, ATA’s A14 Account Manager said, “ATA are excited to be working closely with the A14 team to help deliver this flagship project and help to achieve Highways England objectives of a safer and more efficient road system that is going to drive economic growth to the region”.

The scheme will generate a huge number of freelance and permanent opportunities over the life of the project and ATA Recruitment will be seeking skilled individuals such as:
•Site Engineers
•Site Supervisors
•Site Managers
•Site Agents
•General Foreman
•Project Managers
•Planners
•Quantity Surveyors and more

etc"

[11023154] 08/12/2016 18:13

Value here about to take off back to 60 and beyond

[rivaldo] 28/10/2016 08:32

RNS - good to see Chelverton Small Companies Dividend Trust buying and increasing their holding to 4.5% with 650,000 shares:

[davidosh] 23/10/2016 22:17

The Derby Conference Centre upgrade....

[briangeeee] 22/10/2016 22:56

Thanks David & Phar Lap. Odd that it's one year displaced from the main framework contracts, but no reason that it shouldn't be, I suppose.

[phar lap] 22/10/2016 16:24

Brian,

The CP5 contract began on April 2015 as per the rns on 25/02/2015

Ganymede will enter into a contract (the "Contract") with Network Rail to provide contingent labour services including the supply of safety critical, track and E&P (electrification and plant) resources in the West, South West and North East England, the Midlands and Wales. The Contract will run for a period of five years from April 2015 and has an estimated order book value of between £80m to £100m, confirming Ganymede's position as one of the UK's leading suppliers of contingent labour to the rail industry. The Contract represents the maximum value of order book spend on core contingent labour that can be permissibly awarded to a single labour provider.

[davidosh] 22/10/2016 16:13

Brian....The part of CP5 that RTCs Gannymede division actually bid and won was for Contingent labour supply to the main contractors....that actually started a year later in April 2015 to April 2020 and was announced by RTC...

Ganymede will enter into a contract (the "Contract") with Network Rail to provide contingent labour services including the supply of safety critical, track and E&P (electrification and plant) resources in the West, South West and North East England, the Midlands and Wales. The Contract will run for a period of five years from April 2015 and has an estimated order book value of between £80m to £100m, confirming Ganymede's position as one of the UK's leading suppliers of contingent labour to the rail industry.



So still 3.5 years to run and I am sure ATA will be firing on full cylinders again within that time if the Govt release and crack on with their infrastructure spending plans shortly to be announced

[briangeeee] 21/10/2016 23:34

Network Rail CP5 is a five year contract, and it runs from 1st April 2014 to 31st March 2019. So, just over half gone, with roughly two years and five months still to run.

The bidding process for CP6 will presumably start well before then, and I suppose part of their low rating relates to the uncertainty that entails, as well as the pricing pressure and uncertainty over the KBR overseas work.

Lots of potential upside from jobs on which they're negotiating, but they tend to be discounted until actually won.

[tiswas] 21/10/2016 12:40

Chairman buying 25k to add to his holding but I will only be convinced when the directors who sold start buying again.

[shanklin] 21/10/2016 11:23

My main concern here relates to how we are meant to gauge the effect of a reduction in ATA income of (say) 15% for the current year. The segment analysis for ATA for the last year end contained the following numbers:

£26,676 External sales revenue
(20,591) Cost of sales
----------------------
6,085 Gross Profit
(4,446) Administrative expenses
(113) Depreciation
------------------
1,526 Segment profit from operations

If External Revenue were down by 15%, I presume this would also be true of Cost of Sales and therefore Gross Profit, which therefore would reduces by £913k.

The lack of visibility for me is that I don't know what this does to Administrative expenses. If they also reduce by 15%, that's a saving of £667k, and the net impact on profitability is £246k.

If the Administrative expenses are say 50% fixed costs and 50% variable costs, then they come down by 7.5%, i.e. £333k, and the net impact on profitability is £580k.

Does anybody know how this is likely to work in practice please?

Obviously if Ganymede is going gangbusters compared to last year it may make up some of whatever reduction in profit occurs in ATA, but again I don't know.

Thoughts welcome

P.S. Obviously 15% may be too big a number to use, but again we don't have any guidance on this.