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RTC Group Share Discussion Threads
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|Good to see the price move up on £7.5k of buys this morning.|
|Yes, thanks indeed William for sharing those observations - greatly appreciated and also much liked for the great writing style of the reporter!
|Thanks for the post William and thanks to David Shredder for raising the issue of the nil price options. I'm not sure any institutional investors would be any more of a check against the board to be honest. but thanks again all round.
|Indeed - directors and major shareholders (above 3%) hold over 62% of the shares now.|
|Only 14.544m shrs in total at RTC, which much of those with the over 3% holders.
|Excellent AGM trading update today:
""I am pleased to report that the Group has traded well since the publication of the 2016 results in February and we continue to experience a strong demand from both new and existing customers.
The Board is confident of the trading prospects of the Company in the current financial year."
Lots of upside to Whitman Howard's 85p target price. A reminder of their forecasts:
this year : 7.4p EPS, 3.3p divi
next year : 8.7p EPS, 3.6p divi|
|Nice 30,000 share buy at 57p before tomorrow's AGM just reported.|
|Yes never forget a few years back, he treated us to a guitar solo|
|Yes the Agm is very close to London Bridge at More Riverside and a very easy midday time to get there away from rush hours.
There were five shareholders there last year and you also get a chance to catch up with Brian May the ex CEO at Renew who is a NED at RTC..|
|Cheers Davidosh. The good news is I hadn't realised it's in London and not Derby, so I may well try and come along.|
|The Agm is only a week away on the 19th and I recommend attending as it is easy to get to and a noon start. There should be a very solid update from the directors IMO looking at the general move and reporting by recruiters and underlying contracts here.|
|The last few trades here have all been Buys, and the price is moving up steadily now.
The very positive comments yesterday from RWA about the UK recruitment sector may help RTC to rise quite a bit further, especially given the positive outlook in the recent prelims.|
|No probs sj.
Looks like the price has ticked up on a mere £2k buy at around the mid-price :o))|
|Thanks for sharing the latest forecasts
|Moving up - doesn't take much buying to move it.|
|Indeed - should set the cat amongst the pigeons nicely :o))
An 85p target price would be a nice start - and still only be a P/E of 11.
this year : 7.4p EPS, 3.3p divi
next year : 8.7p EPS, 3.6p divi
At the current 49p that's a P/E of just 6.6 and a 6.7% divi yield....|
|Whitman Howard has published a new research note.
Precis via Research Tree:
"There are numerous reasons to buy RTC. Improved visibility due to its exposure to recurring, higher margin, contracts in the robust UK engineering sector now account for c46% of revenues – up from 25% in 2014. Following a strong start to 2017 we forecast adjusted PBT growth of 16%, a ROCE of 19% and a sustainable dividend and FCF yield of 7% and 11% respectively. With a PE rating of just 7x we initiate with a BUY recommendation and a price target of 85p, representing 73% upside."|
|I'm back in today, since going out earlier at higher, on the Morson connection news.
|Normal service resumed so far as the share price is concerned!
I wonder if Mason will be tempted to top up?|
|Thx Harrogate - that probably explains why WHI haven't updated yet then :o))
I expect Whitman Howward will have a maiden note out soon then now the results are out. Presumably they will want to get it right and will be heavily guided by the company.
IMO the Network Rail contract, together with the ATA contract news I posted earlier, will serve as strong additional income streams as they continue to ramp up, and assuming the decent economic growth continues I can't see any reason why RTC shouldn't expand accordingly. Along with the share price.
In the meantime we continue to collect a terrific dividend yield.|
|I'm a long term holder in Renew by the way re your comment about Brian May|