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RTC Rtc Group Plc

95.00
5.00 (5.56%)
Last Updated: 13:04:52
Delayed by 15 minutes
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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  5.00 5.56% 95.00 90.00 100.00 95.00 90.00 90.00 72,912 13:04:52
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Employment Agencies 71.91M -351k -0.0240 -39.58 13.91M
Rtc Group Plc is listed in the Employment Agencies sector of the London Stock Exchange with ticker RTC. The last closing price for Rtc was 90p. Over the last year, Rtc shares have traded in a share price range of 16.00p to 95.00p.

Rtc currently has 14,643,707 shares in issue. The market capitalisation of Rtc is £13.91 million. Rtc has a price to earnings ratio (PE ratio) of -39.58.

Rtc Share Discussion Threads

Showing 876 to 898 of 1800 messages
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DateSubjectAuthorDiscuss
21/10/2016
07:29
Agreed Martin.

Worth noting that the new forecasts are:

this year : 6.2p EPS, 3p dividend
next year : 7.7p EPS, 3p dividend

rivaldo
21/10/2016
07:19
davidosh

Thank you for posting the broker note.

It sounds like the RNS was intended to be downgrade rather than a suicide note.

It would have been helpful if the RNS had made that clearer.

Cheers, Martin

shanklin
21/10/2016
07:04
From the broker this morning...

RTC Group*# (RTC) - BUY

Market Cap: £7.4m; Current Price: 53.5p; Target Price: 75p

Temp positive but overall downgrades around perm / projects
After a good set of H1 results announced in August, RTC has seen some further erosion of its perm business and, notably, delays in certain infrastructure projects. While its blue collar business, Ganymede, which largely focusses on maintenance projects and supplies temporary/contingent labour, remains unaffected, its white collar business ATA has been impacted, and we are downgrading our forecasts in consequence. This morning’s update from RTC highlights delays in infrastructure projects where its white collar staff would be engaged in managerial and technical roles. We have reduced forecast revenues and margins to take account of these delays and have adopted an overall conservative view. Following the Brexit vote, the company was at pains when reporting its results to highlight risks to parts of the recruitment sector and specifically the slowdown in permanent recruitment which has been felt across the market. We note that (1) as highlighted above, the largest division, Ganymede, continues to perform well, and (2) indications are that the delayed projects will commence “in the near future”. We retain our Buy recommendation, with a reduced target price of 75p.

davidosh
17/10/2016
10:23
Good find Rivaldo .
blueliner
17/10/2016
08:03
News that the Derby Conference Centre is doing well post-revamp:



"Derby Conference Centre staff numbers set to top 300 after £1m revamp
By Derby Telegraph | Posted: October 15, 2016

The number of people working at Derby Conference Centre is doubling after a £1 million revamp prompted a string of businesses to move in.

Mike Ebbitt, managing director of the conference centre, part of the RTC Group, said a recent refurbishment meant staff numbers would soon hit 300 – up from 150 during 2015.

Businesses that have moved to the centre in recent months include logistics firm Wincanton, railway training company ARC Academy, broker portal SortRefer and children's coaching company Premier Sport.

Mr Ebbitt also revealed RTC Group considered moving from the centre, on the corner of London Road and Ascot Drive, when its lease expired last year. However, he said the unique nature of the site and the growth of Derby's business scene had prompted it to sign a new 15-year lease, thus safeguarding jobs in the city.

Mr Ebbitt said: "We've saved jobs in Derby and we've brought jobs to Derby – and it's cost us £1 million.

"SortRefer are based towards Stoke but recently moved into our Burdsall Building and are going to have around 100 employees here.

"Wincanton wanted a central UK base and are renting our Chapman building. That's about 30 additional staff here.

"ARC Academy have six trainers here and have got around 40 trainees coming here already.

"And Premier Sport, who provide PE coaches for schools, have six to 10 people here."

Derby Conference Centre, which is housed in the former London Midlands and Scottish College of Rail, first opened in the 1930s grade-two listed art deco building in 2007. It was refurbished to allow it to host conferences, meetings, social functions and weddings.

Earlier this year, the venue launched its new business lounge, which provides a quiet space for business people to work. Its facilities include private meeting pods, complimentary parking, superfast broadband and refreshments.

The centre also revamped its Wyvern Bar, Stephenson Restaurant, reception and toilets, which were upgraded in keeping with the art deco style.

The venue's lecture theatre is also to be refurbished to provide additional and more flexible facilities for conference organisers. A planning application to increase the number of parking spaces from 180 to 300 has been submitted.

Dale Kelly, resource and sales manager at ARC Academy, said moving to the conference centre made sense.

He said: "The site is a brilliant as we are able to do the majority of training on-site. Derby is a great location and has great transport links. The building and the grounds are picturesque and very presentable, which reflects the reputation of Arc Academy and it is a great environment for our clients."

As managing director of Derby Conference Centre, Mr Ebbitt sits on the board of its parent company RTC, which specialises in recruitment, providing temporary, permanent and contingent staff to a broad range of industries and clients in both domestic and international markets.

The Derby Conference Centre, which houses its headquarters, generates additional revenue from letting spare capacity to external businesses in the form of office incubation and conferencing space hire."

rivaldo
28/9/2016
14:32
A few that I checked matched up to earlier buys just minutes before, caused a quick drop and probably triggered a few stop losses.
melton john
28/9/2016
12:03
Not quite sure how a twitter story about a bid for RTC causes a chunky sell off. Hell of a lot of trades in it today.
horndean eagle
28/9/2016
09:29
shows the original post
shanklin
28/9/2016
09:24
Apparently it falsely claimed RTC was to be acquired by Adecco at a large premium.
shanklin
28/9/2016
09:22
The Tweet looks like it's been deleted. What did it say?
ragehammer
25/9/2016
14:33
contemplating buying back in
glennborthwick
01/9/2016
11:47
That is the question of course that has caused part of the problem regarding the chunky director sells.
harrogate
01/9/2016
11:36
sorry partly my fault - having bought in at 20p and fancying a new car ive sold a third of my stake. will buy back in when ive built up some funds ;)
glennborthwick
01/9/2016
11:02
Unless they need the money for something urgent, it would be interesting to know the motivation of anybody who thinks its a good idea to sell shares in a company on a P/E of less than 7 paying a dividend of 5.8%.

If they've found something else cheaper, I'd like to be buying that :-)

shanklin
24/8/2016
14:05
Back from hols - the results were steady as she goes as others have said.

Thanks for the analyst note davidosh. Given the amount to make up in H2 to reach 8.6p EPS forecasts it would seem pretty stupid if WHI hadn't downgraded at this point, so they've obviously been advised by RTC that the usual H2 weighting will be in full effect for this year as usual.

Is there a date for RTC's Mello presentation? I might try to attend.

Given the Ganymede Network Rail work, the continuing presence in Afghanistan and the likely improvement at Derby I'm happy to hold and perhaps pick up some more given the prospects.

The 3.3p dividend is another big incentive to hold.

rivaldo
16/8/2016
09:22
can you post dates and times here if it goes ahead.

I've recycled profits into a recovery play. Ten alps (TAL) is the ticker.

thread here for anyone who wants to see if it can do an RTC. Would be nice to see some familiar names.





saem for pipehawk (pip) and distil(DIs) but one out of the three should multi bag if they deliver

glennborthwick
11/8/2016
11:28
RTC have agreed to do an update presentation at my Mello event in September or lunch presentation in London whichever comes first so there will be chance to ask questions directly to the management.
davidosh
11/8/2016
09:53
ive top sliced 25% to get my money back. rest in for free and will let it run.

Picking up some DIS if anyone is interested and maybe topping up on PIP. Both risky microcaps but heyho beats betting on the horses.

glennborthwick
10/8/2016
15:13
tiswas

I suspect "consistent" means that the Network Rail contract and other rail-related activity will continue in a manner consistent with H1. Given the better weather conditions typical in H2 compared with H1, I think consistent allows for Ganymede revenue & profits to be higher in H2 than in H1 and I expect that to be the case.

Looking beyond Ganymede:

DCC
---
Given that the:
- "the bulk of the project to revitalise the Derby Conference Centre (DCC) and our head office has been completed"
- "RTC Group has now occupied the main building that was vacated.
- "New tenants have been secured for other buildings on the Derby site and the Business Lounge at the DCC has been opened."
it seems highly likely that the DCC business line will perform far better going forward, including in H2 '16, than it did in H1 '16.

GSS
---
GSS seems to be basically maintaining its situation, unless RTC manage to win new contracts or the West vacates Afghanistan (the latter seems unlikely to me).

ATA
---
ATA is focused on infrastructure rather than construction, with no signs yet that this is tailing off post-Brexit and every possibility that the Government will seek to boost the economy through infrastructure projects funded by borrowing at the current very low interest rates available to them.


Overall
-------
In not advising WHI that they are uncomfortable with the FY forecasts, as per post 833, RTC are implicitly stating that they expect H2 overall to be a lot stronger than H1.

I am sure that this does not factor in ongoing efforts to win new business be it step-change or incremental in nature.


Hope this turns out to fairly represent the current situation.

Cheers, Martin

shanklin
10/8/2016
08:48
During the second half of the year we expect Ganymede to perform in a consistent manner to the first half

I think this statement is key but what does it mean, what metrics are we talking about? Is it saying the same profit as the first half in which case we will not see consensus eps targets hit.

tiswas
10/8/2016
08:46
WH Ireland have not changed their forecasts or BUY recommendation with a target price of £1.00. The dividend for the year is expected to be 3.2p and eps at 8.6p also unchanged so no loss of confidence from the brokers but it seems that investors are fearing the worst and there has been selling today as opposed to over recent months when other recruiters have suffered.

The reason others were hit was mainly Brexit linked but RTC have a better mix than most with the dominance of the Network Rail contract and it is only the investment made in future potential work and contracts plus the Derby CC that has weakened these results otherwise they would have been very strong overall.

We have yet to see if it pays off in a big way but the earnings should still be sufficient to meet expectations in the full year and second half is always stronger. I am still happy and the dividend is now significant at 6% expected based on the current share price which income seekers will like even after investment into the future for the business.


For the record the broker says...


A good set of results RTC has generated £0.513m of PBTA in 2016 (H1-2015A;
£0.464m PBTA), an 11% increase, and 2.7p FD EPS (+15%). Net debt of £3.9m has
reduced significantly YoY from >£4.5m in a half year in which the company has
invested significantly. The 1.1p dividend is in line with our expectations (+10% YoY).

• Strong performance from Ganymede RTC’s Ganymede business, which supplies
contingent / temporary staff mainly to the rail and energy sectors, had a very
encouraging H1, with sales and operating profits up 41% and 68% respectively, with margins up from 5.8% to 6.9%. This is largely on the back of last year’s Network Rail win, now successfully brought on stream, and ongoing for a further five years.

• Mix changes elsewhere Beyond Ganymede, temp is rising as a proportion of ATA’s
business, focusing on grey/white collar recruitment in specific sectors. This is a long term strategic objective which has been quickened by the softening perm market. GSS, the overseas business, has held steady, a good result, and significant investment has been made into the Conference Centre and largely completed in H1.

• Post-Brexit vote, forecasts retained We retain our forecasts, bearing in mind the steady, long-term characteristics of the Ganymede business in particular and the likely upside in the Conference Centre as the investment starts to take effect; and will revisit the detail at a later point in the year. The company highlights the “unsettledR21; conditions which are clear to all following 23rd June, but appears to be making a good fist of driving the business forward. Buy.

davidosh
10/8/2016
08:37
I compared RTC with PRP after their recent results and thought PRP better value plus foreign earnings. Thankfully I sold out of RTC. Wasn't impressed with director sale although PRP FD recently made a small sale as well another director had bought and results were impressive.
melton john
10/8/2016
07:53
Always best to follow the lead of directors when they sell, not sure this lot
can be trusted now, bet Oryx are happy

mr hangman
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