Rtc Share Discussion Threads

[mr hangman] 31/10/2017 10:40

Me to, it's the way of the world, people don't seem to be interested in decent income bearing stocks, with a bit of growth attached.

[the big fella] 31/10/2017 09:46

All very frustrating. I have a largish holding here that has underperformed my portfolios significantly this year

[davidosh] 30/10/2017 23:08

Surely Oryx are completely out by now after that drop down today ? Hopefully if out we can start moving back up....

[sailing john] 18/10/2017 08:19

Nice little contract for the DCC with Tesla
Tesla on tour - runs once/month

[gleach23] 11/10/2017 11:48

Has anyone heard that we'll have an October Trading Update? There might have been one last year but that was out of necessity (profit warning). There hasn't historically been an October update.

[rivaldo] 11/10/2017 11:12

Good to see some bargain-hunting this morning, including two 10k buys.

Looks to me simply like illiquidity and a seller looking to close their position. It's just a matter of patience - by the time the trading update comes out in the next week or two then the seller will probably be out of stock.

[cheshire man] 11/10/2017 08:50

I topped up a little higher but happy with that,,,,,,56p is a steal if all's well,,,,, as you say it may be the seller that has done the damage time will tell

[the big fella] 11/10/2017 05:53

Either there will be something in the next statement that will shed some light on why we have fallen back to 50p or the YS will demonstrate just how cheap these are. I have an overweight position in these already but if I didn’t I would most certainly be buying more. My take .....The institution that has been selling in the background could also just have pushed these down to a false price.

[cheshire man] 10/10/2017 10:52

TU on the 21st Oct. last year,,,,,,will we get the same this month ?

1.2 divi in a few weeks too so surprised so little trading in RTC atm,,,,,,


9 August 2017

Interim Results for the Six Months Ended 30 June 2017


Dividends
"In line with the Company's progressive dividend policy, the Directors propose an interim dividend of 1.2p per share (2016: 1.1p). Subject to approval of the Directors, the interim dividend will be paid on the 30 November 2017 to shareholders on the register on 10 November 2017.

Outlook

The Directors are confident that trading in the second half of 2017 will be in line with market expectations. The Board continues to implement ambitious growth initiatives across all group businesses
and looks forward to the remainder of the year with optimism."

[battlebus2] 02/10/2017 08:22

That is good news SJ, I was beginning to wonder what was causing the recent softness?

[sailing john] 02/10/2017 08:15

Hammond to announce NPH Rail investment of £300m.

[the big fella] 22/9/2017 08:35

Chart turning from the bottom of the channel. A good time to buy a few more so I have had another 10k

[gleach23] 21/9/2017 23:09

Fingers crossed spooky - they only had 400k left per the 8th Aug RNS

[spooky] 21/9/2017 22:32

That could be the end of Oryx IMO.

[gleach23] 21/9/2017 20:36

Late reported trade of 250k @ 56p - would be nice if it was a seller clearing

[3800] 12/9/2017 15:54

doe's the weak balance sheet give rise to concern any shareholders here? I am aware that the company uses factoring, but I'm not to good with numbers.
3800

[sailing john] 12/9/2017 14:36

ATA News - From June don't think this has been posted here.


"After doubling in size over the last 5 years, we have relocated our Leicester office to accommodate 20 brand new roles and the continued growth of the business."

Also recruiting via their Twitter feed over the summer


Ganymede also busy - recruiting dual fuel smart meter fitters - see Twitter

[rivaldo] 23/8/2017 10:39

Ganymede will continue to improve given that the initial investment in meeting the huge Network Rail contract has now been made, whilst the contract itself continues to ramp up - H1 saw placements doubled compared to 2016.

ATA "is growing its contract business ahead of expectations", so perhaps this is the source of RTC's confidence for this division. It's much smaller than Ganymede anyway and is growing less and less important given the new SSE contract for Ganymede.

Above all the interims did conclude strongly:

"The Directors are confident that trading in the second half of 2017 will be in line with expectations. The Board continues to implement ambitious growth initiatives across all group businesses and looks forward to the remainder of the year with optimism."

[simso] 22/8/2017 12:03

I have only been in this since January (and promise I am not stalking you Rivaldo!), and still building my understanding. I like to analyse broker forecasts and form a view of whether they look prudent and ready for a beat, or if they look ambitious and with potential for a miss. Looking at the recent Brokers note by trading division:-

1) For Ganymede - The Operating profit for the 5 previous half years (H1 15 thru H1 17) have gone £0.6m, £1m, £1.1m, £1.2m, £1m. In order to achieve the Brokers View of FY17 £2.6m, they will have to achieve £1.6m in the second half. This is a big step up from what we have seen to date. Whitman Howard say there is nothing in this year for the new SSE contract.

2) For ATA: The 5 previous halves have gone £0.7m, £0.8m, £0.6m, £0.7m, £0.5m...so an increase to £0.9m for H2 looks demanding on the face of it.

To be fair, the big step-ups required for these two are compensated by what looks like a conservative view of DCC (net of Central Costs), which has a bigger H2 loss forecast for H2 than we have seen before, despite evidence to the contrary that they are making more of it following the Refurb.

Any insights as to why Ganymede and ATA might achieve such strong results in H2 17 as the broker forecast implies?

[rivaldo] 22/8/2017 08:44

I note the overnight news that Trump is sending another 4,000 troops to Afghanistan, and wants other countries like the UK to do more too. The UK is already sending another 85 personnel there. Which is all likely to be good news for RTC's GSS division:

Htp://www.telegraph.co.uk/news/2017/08/21/donald-trump-address-nation-outline-new-afghanistan-strategy/

[speedsgh] 21/8/2017 09:44

Finger on the button there, bb2! Nice :-)

[battlebus2] 21/8/2017 09:40

Bought a little on that surprising dip 😋

[cheshire man] 18/8/2017 08:16

Yes thanks from me too rivaldo all very encouraging going forward for RTC :-)

[battlebus2] 17/8/2017 17:49

Thanks for that Rivaldo. Yes the recurring revenue is a big plus here and looking at those forecasts we are increasing EPS by 50% in two years. Extremely cheap imv 👍

[rivaldo] 17/8/2017 12:38

Whitman Howard have issued a new note post-results, with a 95p target price and the following forecasts:

this year : 7.4p EPS, 3.3p divi
next year : 9.8p EPS, 3.6p divi
to Dec'19 : 11.2p EPS, 3.9p divi

With 76% of gross profits (ex DCC) recurring per Whitman Howard, RTC are a completely different kettle of fish than their sector comparators and should be rated at a premium as such - never mind on a current year P/E of only 8.9.