Rtc Share Discussion Threads

[11023154] 19/3/2014 15:05

Factors affecting tax expense
2013 2012
GBP'000 GBP'000
Result for the year before tax 736 474
------------------------------------------- -------- --------
Profit multiplied by standard rate of tax
of 23.5% (2012: 23%) 173 116
Non-deductible expenses 17 17
Losses carried forward -
Utilisation of losses 34 (240)
Adjustment in respect of previous periods - 6
------------------------------------------- -------- --------
Tax charge/ (credit) for the year 224 (101)
------------------------------------------- -------- --------

[glennborthwick] 19/3/2014 15:05

Just spoke to analyst writing update. Expect it on website with forecasts today.

[glennborthwick] 19/3/2014 14:46

There is a paragraph in the detail about it but not being an accou ant dontunderstand the complexities

[11023154] 19/3/2014 14:35

imo a crucial sentence for long term holders

"With Network Rail about to enter Control Period 5 (CP5) and invest approximately GBP1 billion both directly and indirectly in contingent labour over the next 5 years, Ganymede has a significant opportunity to secure long term business in the largest rail investment programme witnessed in this country."

I also am failing to understand the accounting position - they still have 400k available losses to offset.

[glennborthwick] 19/3/2014 12:51

Any accountants out there explain to me what's going on with the tax and the tax losses.

[glennborthwick] 19/3/2014 12:16

One thing. Allenby research note stated no tax to pay 2013 and 14 so they got that wrong.

[collectivefriction] 19/3/2014 11:54

Looks intersting - just put a few in my SIPP

[battlebus2] 19/3/2014 11:31

Morning SJ and IC2, looks a bargain here:))

[shanklin] 19/3/2014 10:53

Thank you Glenn. I'll take a look.

[glennborthwick] 19/3/2014 10:40

Leg worth looking at. It's got some interesting investments and has bounced between 10p and 16p and currently at the low end Of that range. I'm also in zzz and bes Both worth looking at but need a two year view for story to fully play out.

[shanklin] 19/3/2014 10:36

Glenn

So, with apologies for another O/T, but I don't know where else to ask this, apart from ESS and RTC, what do you like at current levels. With ESS & RTC having kept me busy for a couple of hours this morning, any other thoughts may well keep me busy for the rest of the day.

TIA, Martin

[fillipe] 19/3/2014 10:20

Old news and it will be interesting to see their next forecast.

Allenby Capital Limited 21/01/2014

2013 eps 4.31p
2014 eps 4.83p

f

P.S., we should be now closer to 45/50p than we are.

[glennborthwick] 19/3/2014 10:18

That's filipe bodes well. Although I always like mm to have some stock otherwise they just open the spread and kill the trades.

[fillipe] 19/3/2014 10:09

Just to add, that Level 2 is currently showing a mere 15k v 15k of bid/ask, with 31p having just been paid for 3170shrs.

At the ask it's just 3mm's with 5k each. There's 5k@31p, 5k@32p and 5k@33p.

That's tight!

f

[fillipe] 19/3/2014 10:03

glennborthwick
22 Jan'14 - 11:16 - 377200 of 394421 0 1

Rtc. Brilliant trading update this week. Results march so not long to wait. Say they will beat expectations so expect 5p a share plus . Current share price 24p. Average sector pe is 8 to 10 so target price 40p on a three month basis.

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Thanks for your above post on the CR Topinfo thread....I took up your suggestion at that time. Nice one!

Cheers

f

[barefoot141] 19/3/2014 10:00

In too all the way back to 40p...

[interceptor2] 19/3/2014 09:41

Joined the party also, thanks to Sailing John highlighting these this morning.

ic2...

[glennborthwick] 19/3/2014 09:26

An extra tax as they deferred something.

[onjohn] 19/3/2014 09:09

The RNS says that earnings per share have been reduced due to a tax charge



what kind of accountant do they have if they feel they have to spell that out. lol


lol :-)

[glennborthwick] 19/3/2014 09:08

Looking forward to their update. They normally have the inside track.

[glennborthwick] 19/3/2014 09:07

Except this

[shanklin] 19/3/2014 08:55

Jeeze, what with selling stuff to release some cash, that's 11 trades in 45 minutes.

[glennborthwick] 19/3/2014 08:35

welcome aboard, nice to have some new people on the thread. This has beena quiet board