RTC Group plc ( (GB:RTC) ) has issued an update.
RTC Group Plc has repurchased 1,063,699 ordinary shares, representing approximately 7.81% of its issued shares, at a discount of 13.51% to the recent closing price. The shares were acquired from Chelverton Asset Management, a significant shareholder, making this a related party transaction. The company plans to cancel the repurchased shares, affecting its total voting rights, which will now consist of 12,549,198 ordinary shares. This move is seen as fair and reasonable by independent directors and may impact shareholder calculations under FCA rules.
Spark’s Take on GB:RTC Stock
According to Spark, TipRanks’ AI Analyst, GB:RTC is a Neutral.
RTC Group plc exhibits moderate financial health with stable profitability margins and a strong return on equity. The stock is undervalued with a high dividend yield but faces bearish technical signals indicating possible near-term challenges. The company’s stable financial results and strategic focus on diverse subsidiaries provide optimism, while improvement in cash flow and revenue growth remain critical for enhancing stock performance.
To see Spark’s full report on GB:RTC stock, click here.
More about RTC Group plc
RTC Group Plc is an AIM-listed recruitment business that provides temporary and permanent labor across various industries through its divisions in the UK and internationally. The company operates through brands like Ganymede, which specializes in technical and engineering recruitment for infrastructure sectors, and ATA, which focuses on technical recruitment for manufacturing and technology sectors. Internationally, through the GSS brand, RTC offers staffing solutions for global projects in challenging environments.
YTD Price Performance: -5.13%
Average Trading Volume: 12,546
Technical Sentiment Signal: Sell
Current Market Cap: £12.59M
For a thorough assessment of RTC stock, go to TipRanks’ Stock Analysis page.