Rtc Share Discussion Threads

[rivaldo] 19/4/2017 09:42

Indeed - directors and major shareholders (above 3%) hold over 62% of the shares now.

[fillipe] 19/4/2017 09:26

Only 14.544m shrs in total at RTC, which much of those with the over 3% holders.

f

[rivaldo] 19/4/2017 07:09

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

[rivaldo] 18/4/2017 10:12

Nice 30,000 share buy at 57p before tomorrow's AGM just reported.

[mr hangman] 12/4/2017 15:01

Yes never forget a few years back, he treated us to a guitar solo

[davidosh] 12/4/2017 13:26

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..

[rivaldo] 12/4/2017 12:34

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.

[davidosh] 12/4/2017 10:17

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.

[rivaldo] 12/4/2017 10:05

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.

[rivaldo] 31/3/2017 14:45

No probs sj.

Looks like the price has ticked up on a mere £2k buy at around the mid-price :o))

[sailing john] 08/3/2017 11:48

Thanks for sharing the latest forecasts
SJ

[rivaldo] 08/3/2017 11:15

Moving up - doesn't take much buying to move it.

[rivaldo] 08/3/2017 08:36

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.

They forecast:

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....

[gingerplant] 08/3/2017 07:39

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."

[fillipe] 03/3/2017 16:23

I'm back in today, since going out earlier at higher, on the Morson connection news.

f

[tiswas] 03/3/2017 16:04

Normal service resumed so far as the share price is concerned!

I wonder if Mason will be tempted to top up?

[rivaldo] 01/3/2017 13:24

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.

[1pvh] 28/2/2017 21:16

I'm a long term holder in Renew by the way re your comment about Brian May

[1pvh] 28/2/2017 21:13

I'm an ex holder here and i think your bang on the money Harrogate. They're operating in very good economic conditions but just have the feeling that it's never going to 'happen' with this company.

[harrogate] 28/2/2017 17:17

Hi Riv

I am not sure there will be any news form WHI as they were removed in Jan - they use SPARKS and Howard Whitman now who don't seem to put anything out and this is part of the reason that I don't like this share even though it should be right up my alley. I don't get as worked up as some about director pay but here the salary is obscene for a market cap of this size and the nil cost option awards are pretty shabby I think. I like small caps and I like recruiters and I like Brian May who is a non exec - but I don't like the set up here.

[shanklin] 28/2/2017 08:29

Thank you rivaldo

Having done a very small amount of investigation, my concern came from:

17-Mar-16 - Grant of 402.5k of share options, exercise proce 0p


22-May-15 - Grant of 560k of share options, exercise price 0p


Before that the exercise price of options, at least in 2013 and 2014, was the share price prevailing at the time of the award.

Cheers, Martin

[rivaldo] 28/2/2017 08:14

Hi Martin.

I actually ignored the share-based payments charge as it was so small (only £40k or so from memory, similar to last year). If I'd included them then the adjusted figure would have been even higher than 7p EPS!

[shanklin] 28/2/2017 07:57

Hi rivaldo

I am happy to add back in the amortisation but if the share-based payments happen on a regular basis then I would view them as a feature of the business model rather than as exceptionals. I will need to do some digging to see if that is the case.

Best wishes, Martin

[rivaldo] 28/2/2017 07:37

No, the fully diluted EPS is NOT the adjusted EPS. You have to add back the amortisation (and share-based payment charges etc).

In which case RTC achieved 7p EPS, compared to the revised 6.2p EPS forecast.

Happy to accept any corrections, but you're on the wrong track at present.