Rtc Group Plc

0.00 (0.0%)
Share Name Share Symbol Market Type Share ISIN Share Description
Rtc Group Plc LSE:RTC London Ordinary Share GB0002920121 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 17.00 0.00 07:42:50
Bid Price Offer Price High Price Low Price Open Price
16.00 18.00 17.00 17.00 17.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Employment Agencies 71.91 -0.35 -2.40 - 2.49
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 17.00 GBX

Rtc (RTC) Latest News (1)

Rtc (RTC) Discussions and Chat

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Date Time Title Posts
31/5/202312:12RTC Group1,704

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Posted at 31/5/2023 11:15 by strollingmolby
Last year's intra-day spike to 80p seems a very long time ago now... Hoping for some positive news from the AGM though they've not put out any snippets in recent AGM statements.

A reminder from the results in March: " 2022 was a year of two very contrasting halves for RTC Group. Like many other companies, the early part of the year continued to be impacted by the effects of covid. Additionally, the new maintenance and renewals contract with Network Rail which saw Ganymede Rail successfully awarded another long-term programme of work, was heavily biased towards upfront cost and investment activities. Whilst the combined effect of these two events impacted our first half profitability, the fundamental capabilities underpinning all our trading entities remained robust. The second half of the year saw much improved trading across the Group. With the exception of Ganymede Rail, all of our businesses enjoyed second half run rates last seen prior to the onset of covid in 2020.

Our overall financial position sees the Group with no long-term debt, a working capital facility with significant headroom for growth, and strong cash and treasury management supporting predominately blue chip and government backed clients. RTC Group has a strong balance sheet which hasn't necessitated any form of recapitalisation which befell many larger players in the sector and a very strong and lengthy order book with many leading clients across a number of our sectors. I believe we are well positioned to capitalise on growth opportunities as they emerge."

Let's hope those run rates have continued into H1.

Posted at 12/8/2021 11:36 by 1realist
Pre-pandemic, RTC was 75p per share with annual dividend of around 4p.The renewal of the national rail contract was a big unknown and risk, which dragged on the share price.The fact that the contract has been awarded to RTC again, this time on improved and longer terms, takes away the risk and gives increased confidence that they can return to their previous higher share price and dividend payments.For RTC to now be at 50p share price after that announcement, the same level as a few weeks ago, seems strange and makes it look undervalued to me.I've accumulate some around this level as a results and am happy to wait.
Posted at 12/8/2021 08:40 by stemis
If that's true (and I've no reason to disbelieve you) then it just looks like renewal of the existing contract at a similar level. That derisks the business going forward (assuming they haven't had to sharpen their pencils) but it's not a quantum change. The fact the share price has settled back at the same level as pre announcement suggests the market takes the same view. RTC has always attracted a low valuation, maybe because the board seem to view it as their own private piggy bank. So as someone who doesn't own shares here I'm not inclined to change that, but good luck to all holders...
Posted at 11/8/2021 09:08 by edmundshaw
The share price will be determined in the end by people buying, not people who look at the negatives and decide not to buy and trash-talk it.

Good news will add upward price pressure. And recovered EPS and dividend on the new contract is a pretty safe bet. But just don't expect too much news too often here!!

Posted at 10/8/2021 21:33 by davidosh
TBF.....I can certainly see that remuneration has been an issue and in recruitment companies the commissionand pay structure tends to favour the high achieving high earners but shareholders up to Covid were getting good growth in earnings and dividends and I am now certain it can get back there.

To be fair in 2019 the company had almost reached double digit eps and was on a p/e ratio of just seven whilst the dividend yield was also 7% and well covered so it is just a question of running this contract and returning to the high pre Covid business growth levels as shareholders will then see the dividends return and the share price rise accordingly as investors see growth and high yield in the same company win/win

Posted at 10/8/2021 16:15 by cottoner
For info

RTC RNS Feb 2015

RTC is delighted to announce that Ganymede Solutions Limited ("Ganymede"), its wholly owned subsidiary business providing blue collar staff to safety critical sectors, has been chosen by Network Rail Infrastructure Limited ("Network Rail") to be a key strategic partner for Network Rail's CP5 (control period five) programme of work. CP5 is a five year £38bn spending and investment programme into the UK's railway network announced by government in March 2014.

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.

Posted at 10/8/2021 15:12 by tomboyb
10 August 2021

RTC Group Plc

("RTC", "the Company" or "the Group")

Award of Network Rail Frontline Labour Contract

RTC is pleased to announce a major contract award for its subsidiary, Ganymede Solutions Limited ("Ganymede") confirming its continuation as a long-term key strategic supply partner to Network Rail Infrastructure Limited ("Network Rail"). Ganymede will enter into a contract (the "Contract") with Network Rail to provide frontline labour services including the supply of safety critical, track, civil, electrification and plant and signalling resources nationally.

The Contract will run from the 1st October 2021 for a minimum period of 5 years, up to a maximum period of 8 years and has an estimated order book value of between GBP100m and GBP150m over the term. This contract award confirms Ganymede's position as one of the UK's leading suppliers of frontline labour to the rail industry.

Posted at 26/7/2021 13:26 by bozzy_s
This is on my list of 'horrible management' with BISI and LAS (TND almost off the list now).

Answering the above, it looks like the CEO and FD took more cash, instead of shares. 1603008 is the sum total of below:

"Andy Pendlebury, Chief Executive Officer of the Company and Sarah Dye, Group Finance Director of the Company who hold 933,749 options and 679,259 options respectively have indicated that they will accept the Cash Cancellation Offer in respect of their options"

So the CEO who owns fewer than 700k shares, worth about £220k - £280k, wouldn't even take 933k FREE shares. And he earns 2-3 times the value of his shares every year, regardless of share price performance or company performance. And doesn't even buy a token £50k or £100k per year of shares.

It's obvious that the company's management don't give a damn about the share price or shareholders - it doesn't affect them. Therefore it'd be overvalued at £1m market cap if this management remains in place.

Posted at 24/5/2021 08:41 by rivaldo
A rather confident move this morning - RTC intend commencing a buyback of up to almost 2.2m shares.

And it will additionally offer to buy back and cancel almost £1m share options at 46.5p each (mostly consisting of around 1.6m options held by the CEO and FD).

The former is certainly ambitious - perhaps there will be a larger holder or two who are sellers and can be taken out this way since day to day liquidity won't provide this level of buyback. The latter is much more questionable and is a mechanism for "providing remuneration" to management.

At the end of the day these moves will lead to much less dilution, and if the shares are currently cheap then the upside for holders has just been potentially materially increased:


Posted at 29/6/2018 21:48 by wednesday6
With an very attractive dividend of around 7% and all parts of the business allegedly doing well it difficult to understand why the rtc share price has not done better,I won't sell and will continue to collect the progressive divi which surely one day the share price will catch up With?
P/e 6.2

Buy order in for 47.5

Rtc share price data is direct from the London Stock Exchange
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