Rtc Share Discussion Threads

[rolo7] 12/2/2020 11:02

Cup handle chart breakout?

[rivaldo] 12/2/2020 08:35

:o))

To clarify, if you Google Ganymede and HS2 you get the following confirmation that HS2 are indeed a Ganymede client (though I can't specifically find this extract on the actual web page!):

"www.ganymedesolutions.co.uk › disciplines › rail

Rail · Ganymede - ganymede recruitment logo
Ganymede Solutions specialises in Manufacturing, Infrastructure, Civil, ... and clients such as: Network Rail, Natural England, HS2, Environment Agency."

[edmundshaw] 12/2/2020 08:34

Just need that bridge to Ireland to have a railway line too!

[cheshire man] 12/2/2020 08:09

Assume is never the thing to do rivaldo but in this case I think you are correct :-)

[rivaldo] 11/2/2020 22:32

So I assume that today's HS2 approval could be nicely beneficial to RTC via its Ganymede division....



"Supporting original equipment manufacturers, train and freight operators and national main contractors, Ganymede recruit across all stages of rail projects, including design and development, build and installation and testing and commissioning.

Our rail division is one of the leading suppliers of contingent labour services in the industry, supplying more than 1,500 onsite personnel to the rail industry across the UK. As a RISQS approved supplier, we provide fully qualified multi-disciplined personnel to work in partnership with our clients on national rail, underground and metro system projects.

RAIL RECRUITMENT

​We recruit for a wide range of jobs across rail, including operations, rolling stock, civil engineering, systems and labour supply.

Hover over each area below for a preview of the specific jobs we recruit."

[11023154] 29/1/2020 15:01

Speed - “penny stocks” are buried deeper than anything in equities. With big centralised investment and bad press, penny stocks present great opportunity for individual investors.

[cheshire man] 26/1/2020 14:09

May highlight to a few

[battlebus2] 24/1/2020 19:16

Indeed speedsgh 👍

[speedsgh] 24/1/2020 18:19

Nice rise today. Thing is, most investors have never heard of RTC. It's not just under the radar, it's currently buried under a metre of soil too. As someone has already said, it would be most interesting to see the reaction if its merits were brought to the attention of the wider investment community by one of the various tipsters/investment rags and/or a fund or two decided to take a position. All in good time. The chunky dividend is more than enough to keep me happy in the meantime.

[11023154] 24/1/2020 11:04

nice rns though happy holding

[11023154] 24/1/2020 11:04

could go higher still, this is such a bargain

[davidosh] 24/1/2020 10:57

Just to reiterate... the latest forecasts from Whitman Howard dated 15th August are:

2019 : 9.9p EPS, 4.16p dividend
2020 : 11.4p EPS, 4.57p dividend

Hopefully following the results on the 24th Feb we will be given forecasts for next year as well.

[rivaldo] 24/1/2020 10:11

Cheers davidosh - I assume that's from Whitman Howard (not on Research Tree yet).

Good to see the 100p target retained. It only needs a little press or tip attention and we'd surely see at least a 20%+ move up here given the fundamentals and high recurring income from Ganymede, plus the scarcity of available shares.

[davidosh] 24/1/2020 09:18

On the subject of brokers forecasts and company reporting.....It would be so useful if important information like concensus forecasts or even just the figures, used by management stating that the company is in line, were actually shown on the RNS itself.

That way investors can instantly match current information and historic data as 90% of those reading the RNS are not likely to know what the forecasts actually are...

[davidosh] 24/1/2020 09:12

Here is the morning flash note from WH the broker....

RTC* – RTC.L, 62p, Mkt Cap £9m, Buy (TP 100p)
2019 PBT in-line and improvement in the net debt position
RTC has released a positive trading update for the 12 months to December 2019 which not only confirms that PBT is in-line but also the continued downward trend in net debt.  Our 2019 PBT estimate is £1.9m while our current net debt forecast is £4.1m (down from £4.5m at December 2018).  Given recent updates from across the recruitment sector which have invariably led to downgrades this is a reassuring update and underlines its strategy of been able to rely on recurring income from its Ganymede and overseas GSS divisions for c60% of revenues as we expect the growth in these two divisions to offset anticipated declines in the UK based ATA recruitment division.  ;The improved cash position also gives us confidence that our dividend forecast for 2019 of 4.2p (2.4x covered) representing growth of 8% is achievable.

Due to the diversified source of earnings, we believe, RTC should enjoy a higher rating (currently trading at a discount to the small-cap recruiters), with it trading on a 2019 PE rating of 6x and offering a yield of 7%.  Even at our price target of 100p the 2019E PE rating and dividend yield would still only be 10x and 4%.  We maintain our buy recommendation with the prelims expected on Feb 24th.

[cheshire man] 24/1/2020 07:38

A steady ship :-)

"preliminary results on or around 24 February"

[rivaldo] 24/1/2020 07:08

Excellent - today's update confirms trading nicely in line with 9.9p EPS and 4.16p dividend expectations.

Plus there's rightfully cautious optimism for the current year.

Which puts RTC in line for 11.4p EPS and a 4.57p dividend this year.

At 61p that's a P/E of just 5.4 and a 7.5% dividend yield!

[cheshire man] 16/1/2020 15:53

Here's hoping 11023154 but we've been well rewarded along the way with an excellent yield :-)

[11023154] 16/1/2020 14:55

Yes but now it’s over which is the key and a recruitment company to have remained okay during this level of uncertainty will be v impressive imo

[8thwonder] 16/1/2020 14:15

To be honest I read that quote: "we remain confident of continuing our satisfactory performance in the second half of 2019" as meaning H2 2019 in line with H1, therefore 8-10% fall in profits. That was mainly driven by ATA under performing and they referenced Brexit uncertainty for that - which won't have changed in 2019.

You would hope that ATA coming into the Ganymede would be referenced at either the trading update or final results, but it could be that it's the AGM were explain more on this on the potential financial impact this might have in 2020 and beyond.

[rivaldo] 15/1/2020 11:52

Cheers 8thwonder.

I note that that's from the web site Investor Calendar. With the AGM update on 22nd April it's going to be a busy 3 months for RTC.

Perhaps this will finally be the year of the re-rating, if RTC can live up to the confidence shown in the outlook in the interims:

"we remain confident of continuing our satisfactory performance in the second half of 2019"

[8thwonder] 14/1/2020 13:16

27 January 2020 – Trading Update
24 February 2020 – Final Results

[rivaldo] 14/1/2020 12:11

Yep - £3k of buying today has caused another tick up....

[cheshire man] 13/1/2020 16:15

Does not take much to move this sp