Company

RTC GROUP PLC (RTC)

Blog posts

RTC Group – A Case Study in Shareholder Activism

RTC faces two shareholder resolutions at its AGM on 27th May.  Key Takeaways for Investors:  The Resolutions (10 and 11): to appointment two independent NEDs to provide oversight and separate the CEO/Chair roles.  The Financials: RTC is debt-free with a £3.9m cash pile, yet trades at a significant P/E discount to its peers.  The Activist Group: led by David Stredder (acting in a personal capacity, but he is also a director of ShareSoc), representing 24% of the register.  The Goal: to unlock an estimated 50% valuation gap through better governance and cost control.  The AGM will be held at The Derby Conference Centre, DE24 8UX on 27 May at ...

AGM Reports

RTC (RTC) AGM 2018

Last week (18/4/2018) I attended the Annual General Meeting of RTC Plc (RTC) in the very splendid offices of Gowling WLP at 4 More London Riverside with wonderful views of the Tower of London. Here’s a brief report on the event. There were about a dozen ordinary shareholders present, three directors (the only NED, Mr May, was ill and unable to attend) and the auditor who arrived late. RTC is a tiny £8m market cap company. Although it has a turnover of ...

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