Market's view on Rtc Grp.
Published on April 2024
- Concerns are raised about whether Alstom’s potential reduction in Derby will affect RTC, given RTC’s contract is only to supply maintenance workers for tracks and routes.
- Stock watchers highlight the wide spread in RTC’s trading but acknowledge positive price movements and frequent trades.
- There is a fear of potential low-price takeovers due to the current low share prices, attracting unwanted bids.
- RTC’s £200m order book and self-funding growth prospects suggest potential substantial earnings growth, despite concerns about a large shareholding potentially available to predators.
- The company’s low market capitalisation is seen as a deterrent for interest from IHT mitigation funds, with suggestions that a higher market cap could attract more attention.
- RTC’s financial results are positively reviewed, with revenue growth and improved EBITDA highlighted alongside a strong dividend proposal.
- A significant trade of stock at a price above usual suggests possible stake building or significant investor interest.
- There is mention of a notable cash movement to APH, another profitable healthcare company on the LSE.