Rtc Share Discussion Threads

[edmundshaw] 24/2/2020 09:19

"Internationally, GSS has continuing flows of demand from its longstanding client in Afghanistan and continues to develop business in the Middle East." I suppose COVID 19 virus fears are going to affect this segment as Iran seems to have a bad infection rate, and that has crossed the border now into Afghanistan. Remains to be seen whether this will impact GSS and if so how much.

[davidosh] 24/2/2020 09:13

Here are the forecasts from them too.... Year to Dec... 2018 2019 2020E 2021E 2022E Revenues...... 87.8 95.0 100.5 103.6 105.9 EBIT........... 2.0. 2.0.. 2.2.. 2.5.. 2.7 Adj. PBT .......1.8. 1.8.. 2.0.. 2.3.. 2.5 EPS(p)......... 9.2. 8.4. 10.2. 11.9. 12.9 DPS (p)........ 3.85 4.16. 4.58. 5.03..5.54 EV/EBITDA (x).. 6.7. 5.5.. 4.7.. 3.9.. 3.4 PER (x).........8.3. 9.0.. 7.4.. 6.4.. 5.9 Dividend Yld(%) 5.1% 5.5%. 6.0%. 6.6%. 7.3% FCF Yield (%).. 4.0% 21.5% 10.8% 15.6% 17.3%

[battlebus2] 24/2/2020 07:52

Atleast we know now, always wondered about the debt.

[shanklin] 24/2/2020 07:40

Had not realised this was part of RTC's activities... "Funding this aspect of growth is where our industry derives its second key source of debt from in the form CID (Confidential Invoice Discounting). Through its banking facility, the Group acts as a secondary source lender to clients through recruiting and payrolling workers for them thereby bolstering their working capital capabilities. For doing this the Group charges clients a fee (our margin) to recover both its direct and indirect costs and a contribution to profit for reinvestment and dividends to shareholders. The primary risk to our shareholders is clients defaulting on their "working capital loans" or as it is referred to bad debts, and this is mitigated for our shareholders by the quality of due diligence in client selection and through our credit control and treasury management. Over the past 5 years the Group has cumulatively provided around £300m of these "working capital loans" to clients with a less than 0.02% default rate. We therefore believe that our debt position is extremely solid, and I hope this provides clarity and context to the debt position held on the Group's balance sheet. "

[battlebus2] 24/2/2020 07:38

Indeed, nice 8% increase in the dividend. Lots of straight talking from the CEO which I like. Opportunity with high speed rail.

[cheshire man] 24/2/2020 07:37

Steady as she goes and one to remain firmly in my income folio :-)

[battlebus2] 23/2/2020 20:12

Hope so 🤞

[gleach23] 23/2/2020 20:09

Having been a holder for 3 years or so I have got into the habit of reducing my holding around the 70p mark and building it up again as it slips back into the 50s. I did the same this past week as whilst the Jan TU was positive I thought a c50% rise since Dec was pretty much priced in and that the chances were on another retrace. However the 100k buy @ 77p suggests someone might know rather more than me about tomorrow's results :)

[11023154] 21/2/2020 19:28

Can confirm I bought a chunk not the 100k...happy to hold lt but think the Tory stonking majority was the main trick here ending uncertainty.

[rolo7] 21/2/2020 16:38

Hope the news is not priced in! 100k buy..

[11023154] 21/2/2020 13:34

probably last chance to get in at these levels imo as expecting a jump.

[davidosh] 21/2/2020 10:38

Be careful clicking on links like that as likely to be malaware IMO. On a positive note RTC results next week

[11023154] 21/2/2020 09:37

would be fair enough if there was something useful to RTC shareholders but I’ve clicked twice now with nothing.

[ayl30] 21/2/2020 08:12

He has spammed almost the entire collection of boards

[11023154] 21/2/2020 08:06

The link isn’t to a specific article, if you don’t have a specific article about rtc then I will report to advfn cause you’re wasting our time.

[11023154] 20/2/2020 22:45

V interesting time

[davidosh] 12/2/2020 11:41

Less than two weeks to go for the results and just a reminder of the broker note comment from two weeks ago.... Due to the diversified source of earnings, we believe, RTC should enjoy a higher rating (currently trading at a discount to the small-cap recruiters), with it trading on a 2019 PE rating of 6x and offering a yield of 7%. Even at our price target of 100p the 2019E PE rating and dividend yield would still only be 10x and 4%. We maintain our buy recommendation with the prelims expected on Feb 24th.

[11023154] 12/2/2020 11:24

1.00 next.

[rolo7] 12/2/2020 11:02

Cup handle chart breakout?

[rivaldo] 12/2/2020 08:35

:o)) To clarify, if you Google Ganymede and HS2 you get the following confirmation that HS2 are indeed a Ganymede client (though I can't specifically find this extract on the actual web page!): "www.ganymedesolutions.co.uk › disciplines › rail Rail · Ganymede - ganymede recruitment logo Ganymede Solutions specialises in Manufacturing, Infrastructure, Civil, ... and clients such as: Network Rail, Natural England, HS2, Environment Agency."

[edmundshaw] 12/2/2020 08:34

Just need that bridge to Ireland to have a railway line too!

[cheshire man] 12/2/2020 08:09

Assume is never the thing to do rivaldo but in this case I think you are correct :-)