Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Got'
Great RNS Good to be worth 100%? surely
bagger alert i am in x4 market cap
Don't forget the 14m shares - how many AIM companies are that low??? God knows how small the free float is
not in but well done that is some deal they secured. good luck
mkt cap £7mill. £1+
people assume human resources to be not so sexy as the technology itself. £28MILL contract is not to be sniffed at.
this is easily £1+
£8m mcap & only 14m shares - LOL
£28m contract ......£8m MCap. This afternoon's RNS: 'RTC is delighted to announce that Ganymede Energy, a division of Ganymede Solutions Limited ("Ganymede"), has been chosen by SSE Plc to source, train and provide a minimum of 250 Dual Fuel Installers for its Smart-Meter rollout programme ("the Contract"). The initial term of the Contract signed on 25 July 2017 runs until 31 December 2020 and has a revenue value of £28m which will be realised over the initial term.'
wowzers
This contract is massive :o)) £28m over just over 3 years, relative to a mere £8.5m m/cap. That's around £9m per annum on this one contract....and don't forget the huge ongoing Network Rail contract. RTC was extremely undervalued before today. Now it's even more so imo: https://www.investegate.co.uk/rtc-group-plc--rtc-/rns/award-of-sse-plc-contract/201707251453100534M/ "Award of SSE Plc contract to provide Smart Meter Installers RTC is delighted to announce that Ganymede Energy, a division of Ganymede Solutions Limited ("Ganymede"), has been chosen by SSE Plc to source, train and provide a minimum of 250 Dual Fuel Installers for its Smart-Meter rollout programme ("the Contract"). The initial term of the Contract signed on 25 July 2017 runs until 31 December 2020 and has a revenue value of £28m which will be realised over the initial term. The provision of Smart Meter Installers will commence in November 2017 with a phased training and deployment plan that will see at least 250 Installers deployed on a full-time basis. All installers will be provided fully accredited but will undertake additional training with SSE to ensure that they maintain the high standards of service and safety expected." Commenting on the award, RTC Chief Executive Andy Pendlebury said: 'I am delighted that Ganymede Energy has been chosen to partner SSE Plc on this exciting long-term project. This partnership is another significant step for our Ganymede business in establishing itself as the market leading provider of personnel to safety critical environments. RTC acquired Ganymede Energy (formerly RIG Energy) in December 2014 as part of its diversification strategy for Ganymede and the wider group. Ganymede Energy has performed solidly since its acquisition and under new management the business has built a reputation as one of the UK's most respected suppliers of engineers to the domestic energy and utilities sector. Ganymede Energy's impressive organic growth alongside the existing strength of Ganymede's Rail division with its long-term contract with Network Rail, firmly establishes Ganymede as both an industry leader and a fundamental pillar in RTC's future success strategy. The Board is extremely proud of Ganymede and the Ganymede Energy team.' "
and a nice pre-open 2k buy at 59p today
News of more UK troops being sent to Afghanistan - which should mean more work for RTC: Https://www.thetimes.co.uk/edition/world/more-uk-troops-for-afghanistan-as-carnage-grows-dsnrpqx2c
There we have it - new recent highs....hopefully this is just the start of a breakout back to 80p for starters.
A 10k buy at 60p has caused a nice tick up - threatening to break out past 60p again.
Good news today - Chelverton Small Companies Trust have bought 150,000 shares since their last disclosure and now hold 5.5%, or 800,000 shares: Http://www.investegate.co.uk/rtc-group-plc--rtc-/rns/tr-1--notification-of-major-interest-in-shares/201705090700095313E/
10k of buys just now have moved the price up nicely.
Good to see the price move up on £7.5k of buys this morning
I attended the AGM. Most importantly, I was reasonably encouraged by what was reported in terms of trading: - the Chairman was very firm in describing current trading as "satisfactory". IMO the Chairman is of what might be termed the "old school", where there's no need for hyperbole, or for 10 words where one will do. As proven by the trading update! In other words, if he's happy to describe overall trading as "satisfactory" I would translate that as "good" - the AGM itself was unilluminating re trading info. However, there was mention in terms of growth catalysts for Ganymede's smart metering business, and for ATA growing as a beacon of quality against other similar-type businesses. And post-meeting I had a discussion regarding smart metering which gave me much more encouragement as to potential future workloads in this area - the Chairman described RTC as unaffected by extraneous factors in the general economy, presumably because Ganymede and GSS in particular have strong recurring revenues - the DCC is now basically completed and 100% available for revenue/profit-generation - GSS is more likely to strengthen rather than weaken in future as regards Afghanistan given the situation there - I proposed that RTC should proactively get out and present to private investors via presentations at Equity Development, Proactive, Blackthorn Focus, Mello etc. This is what will get some liquidity and interest in the shares, as apart from Oryx and a few others RTC are indeed too small for most institutional investors. This proposal was welcomed and seemed to be particularly taken on board by the FD. I would say that actually RTC's business is overall of HIGHER quality than most of its sector rivals. This is due to Ganymede's and GSS's high recurring/contractual income with Network Rail etc. The smart metering opportunity in particular offers a transformational opportunity to the group. If this results in a long-term installation contract or two similar to Ganymede's Network Rail contract, you won't see the share price for dust given the small free float.
The directors and major shareholders (above 3%) hold over 62% of the shares now, so any buying usually results in a decent share price increase. Nicely up today on £25k of buys.
Http://www.investegate.co.uk/rtc-group-plc--rtc-/rns/agm-trading-update/201704190700074971C/ ""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 from the current 58p. A reminder of their forecasts: this year : 7.4p EPS, 3.3p divi next year : 8.7p EPS, 3.6p divi
Nice 30,000 share buy at 57p just reported before tomorrow's AGM.
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.
Moving up now - doesn't take much buying to move it.