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Trading volumes in RTC already a huge 22 times higher than the normal daily average today.
Up +54% now. Looks like a nice ~£25k buy came through just now (4 x 6k).
Nice buys now coming in @ full ask. Looks good and not a P and D!
Just need to wait for payday tomorrow :(
Price being paid on the Ask ticking up. The market final waking up to how undervalued RTC really is. £50m+ revenues, profits growing 7-fold, £1-2m free cashflow. All for £5-7m marcap.
Will be an interesting day on this share today.
profit was up from 66k to £467k - if they do that again ;)
Yes - but also acquisition and results in 2 weeks - be interesting to see. Watching for entry point. I like what I read personally but am usually wrong ;)
Half year results including the 20% gross margin: · Group revenue from continuing operations £25.3m (2013: £23.4m) · Group operating profit £467k (2013: £66k) · Significantly improved cash flow from operations of £1.3m (2013: outflow £1.3m) · Basic earnings per share of 2.32p (2013: 0.04p) So even with the 20% gross margin they are still only recording a small profit from all that revenue. That is what is holding the share back. Certainly not a bad share to be in though
It hasn't dropped - it rose too fast... its still 38% up...
??
Profits rose 7-fold in the H1 2014 results. H2 2014 results arrive in 2 weeks. RTC is now delivering £1m of free cashflow every 6 months. At current rates, debt will disappear to zero in 2015. And now £50-60m revenues for FY 2015.
" Overall gross margin is up slightly to 20%". So on £80m contract that's £16m over 5 years - ie £3.2m gross margin per year possible from this one contract.
£7.5M Mcap live. 13m shares in issue - improving results every time. Will see where it settles!
Results in just under 2 weeks and sound positive: Trading update and notice of results The Board of RTC (AIM: RTC.L), the business services organisation focussing on white and blue collar recruitment providing temporary, permanent and contingent staff to a broad range of industries and clients in both domestic and international markets, is pleased to provide a trading update for its financial year ended 31 December 2014. The Board of RTC expects that revenue for the year ended 31 December 2014 will be broadly in line with current market expectations and profit before tax will be marginally ahead of current market expectations. The Group's final results for the financial year to 31 December 2014 are expected to be announced on 9 March 2015. Bill Douie, Chairman said: "The results are extremely pleasing and encouraging as all our Group businesses have continued to perform strongly in highly competitive markets."
On the basis the only made £800k on £49m last year, being generous the additional £20m of revenue per year might generate an additional 400k of profit a year
13M SHARES -5M MARKET CAP - CONTRACT 80-100M. We should see this rise further! GLA
this is impressive - what profit margin to people think?
In the RNS today: "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".
that is a big contract win for a company with such a small market cap.
Up +48% now. Big £80-100m contract awarded. £5m marcap.
£80 to £100m contract over 5 years - £5.4m mcap??