RTC has released a favourable trading update for the 12 months to December 2018, confirming PBT of £1.8m, representing growth of 54% and a reduction in net debt from June 2018 levels. Trading on a 2019 PE rating of 5x and offering a dividend yield of 8% we maintain our buy recommendation and price target of 95p. At this level, the 2019E PE rating and dividend yield would still be only 8x and 4% respectively.
25 Jan 2019
Estimates confirmed
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Estimates confirmed
RTC Group plc (RTC:LON) | 92.5 2.3 2.8% | Mkt Cap: 13.6m
- Published:
25 Jan 2019 -
Author:
Andy Smith -
Pages:
4
RTC has released a favourable trading update for the 12 months to December 2018, confirming PBT of £1.8m, representing growth of 54% and a reduction in net debt from June 2018 levels. Trading on a 2019 PE rating of 5x and offering a dividend yield of 8% we maintain our buy recommendation and price target of 95p. At this level, the 2019E PE rating and dividend yield would still be only 8x and 4% respectively.