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Up +5% now. Reaching a new shareprice-high almost every day at the moment. Marching relentlessly upward for months. Very strong momentum. Full-year financial results arriving on Monday. Company sounding confident (see recent RNSs).
What is especially interesting is that Ganyemede has the highest profit of all major RTC divisions today... Ganyemede this week won the big Network Rail contract for £80-100m... Which indicates the extra scale will lift RTC's overall group profit margin "tomorrow" (i.e. In the future)...
£46K Delayed buys in from yesterday.
New high paid today - all looking good. I could have got cheaper yesterday but no one gets it right unless very lucky! Looking forward to Monday. Hopefully seller cleared now too. Must work...
Big new order to crow about (Network Rail), profit margins up, cashflow up, dividend up, etc. Companies usually announce financials early when they've got something good to say.
Price being paid on the Ask ticking up. Momentum looking very strong for RTC. Almost every day is delivering a new high in the share price.
Morning and GL
Morning Reasons for releasing results early? 1) Directors cant buy in closed period until results - so want to buy in cheaper hence releasing results early? ;) 2) More news to come post results earlier than expected? 3) Fund raising required so want results out faster? 4) Results are so amazing they cant contain themselves anymore? lol - Last day to get in pre results either way... had a target for my trade of 80p.
A strong intraday turnaround. Confident early posting of results. Dividend on the way. £2m net assets. £1-2m free cashflow. Debt shrinking fast. Profits up 7-fold. Huge Network Rail contract. Multiple bullish signs fot RTC.
RNS OUT Results Next week now! Further to the announcement made on 26 January 2015, 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 announce that the Group's final results for the financial year to 31 December 2014 (the "Final Results") are expected to be announced earlier than was originally anticipated. The Board of RTC now expects for the Group's Final Results to be announced on 2 March 2015.
nice to see it consolidate here before next move up next 2 weeks in anticipation of results...
bargin City here. This is worth so much more. £100 million contract on bag , and only £8 million market cap.
Thought I would jump in yesterday after some brief research. After carrying more research last night for me this is a buy and hold for this year. Looks very good going forward will purchase more tomorrow once funds have cleared from my sales today.
full ask being paid again today... including one of mine ;) Pay day... 63p I paid... and ask already up. Probably a silly thing to do but lets see. :D
From the interim results: "Dividends The directors propose an interim dividend of 0.5p per share (2013: nil). The Company has a progressive dividend policy. Subject to approval of the Directors, the interim dividend will be paid on the 1 October 2014 to shareholders on the register on 5 September 2014. " So paid a divi last year ;)
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, confirming Ganymede's position as one of the UK's leading suppliers of contingent labour to the rail industry. The Contract represents the maximum value of order book spend on core contingent labour that can be permissibly awarded to a single labour provider. And this is only part of the company. Market Cap of £8 million looks a bit silly. And there is talk about dividend on the way .
Full-year financial results for RTC coming in March 2015. Expect RTC to announce a dividend of 1p or more. The first dividend since 2008 Also, higher revenues, higher cashflow, and higher profits.
Closed pretty close to the day's high. A bullish sign.
One director owns 15% of the company too it seems?
what entry price are you looking for?
Someone has been offloading here and there today too... hence its being held back imo...
Libro - your margins are a bit low based on last results RNS stating average group margins of 20%. But best to be conservative ;) In the newspapers tomorrow no doubt as its rail... so expect more tomorrow. Just let me in first! ;)
What are the "group costs" in the accounts?
FY 2014 results will probably show EPS rise to 6p, and PBT rise to 1.2m ish I reckon. This would mean the PE ratio is roughly 10, and the EV/EBIT ratio is roughly 14. The former is cheap considering the growth here, the latter is arguably just alright (to be honest). But then, because of this contract, 2015 FY results should be even better. Presumably it'll mean £16-20m extra revenue per year. Presuming the margin is roughly 1% to 1.5% that's an extra £160,000 to £300,000 profit before tax per year. The 2015 EPS would then rise to 7 or 8p, meaning PE ratio falls to 8 or 9, and the EV/EBIT ratio then falls to 11-12. Both of which are very cheap. On that basis 100p a share looks very achievable. Buy.
Everyone should read today's RNS. It is a corker. Basically, RTC has won just about the biggest possible contract with Network Rail. A big client with deep pockets who will always pay up. Good for cashflow. Good for the share price.