RTC…The conference centre does run a lot of events and houses a large number of the recruitment and training employees in the buildings on the site.
It certainly washes its face as far as the cost of running the site is concerned and actually moved into profit recently.
Mello held its tenth anniversary event there just over a year ago so 400 investors will have seen it close up…A very interesting building and there are 48 hotel bedrooms on site too.
The biggest issue for me as a long term shareholder is that the directors are paid at least twice the level of remuneration that one would expect in a £11.5m market cap company and a large group of shareholders are about to act on the situation.
The company has had static turnover and profits for the past three years but the directors take huge bonuses as if to say they have have massively increased the returns for shareholders too…but they have not!
It needs to stop and there would be a benefit to a larger company if the £1.5m cost of the board could be reduced significantly and added to the £2.6m of pbt each year not to mention the listing costs and HQ savings.
So if any of you are RTC shareholders do let me know as we are currently at 23% in agreement on this and growing. We have written to the board with our request for a strategic review and so change should happen in a positive way we hope.
Thank you again. As usual, a great read. Just an add on RTC: they have a massive conference centre in Derby. I think it was the old LNER training school. I was in it once, and it must cost a fortune to maintain. It seems rather a luxury to me, massaging the egos of managers who foster links to the golden age of the railways. Having said that, if the government ever gets its act together and launches some infrastructure projects, this should fly (has a horrible spread and is very thinly traded).
I used to be, a good while ago. I got out with a small profit. My priorities have changed now, and I am investing more for income. RTC is a decent wee firm, but the conference centre seems an unnecessary indulgence to me, and the spread is usually horrible. The last update was forecasting "broadly in line", so that implies a wee miss. The NI changes have hit them, and they remain dependent on increased rail spending. I like to keep an eye on it, but I won't be buying back in any time soon.
The RTC dividend is 7% and so should meet your investing for income criteria.
In any case shareholders have seen the need for change to improve the balance of returns needed for all stakeholders and not just oversized amounts taken by the board.
I only asked if you were a shareholder as we do have a very strong shareholder group which is growing because holders read blogs like this.
RTC…The conference centre does run a lot of events and houses a large number of the recruitment and training employees in the buildings on the site.
It certainly washes its face as far as the cost of running the site is concerned and actually moved into profit recently.
Mello held its tenth anniversary event there just over a year ago so 400 investors will have seen it close up…A very interesting building and there are 48 hotel bedrooms on site too.
The biggest issue for me as a long term shareholder is that the directors are paid at least twice the level of remuneration that one would expect in a £11.5m market cap company and a large group of shareholders are about to act on the situation.
The company has had static turnover and profits for the past three years but the directors take huge bonuses as if to say they have have massively increased the returns for shareholders too…but they have not!
It needs to stop and there would be a benefit to a larger company if the £1.5m cost of the board could be reduced significantly and added to the £2.6m of pbt each year not to mention the listing costs and HQ savings.
So if any of you are RTC shareholders do let me know as we are currently at 23% in agreement on this and growing. We have written to the board with our request for a strategic review and so change should happen in a positive way we hope.
Thanks for the insights!
Thank you again. As usual, a great read. Just an add on RTC: they have a massive conference centre in Derby. I think it was the old LNER training school. I was in it once, and it must cost a fortune to maintain. It seems rather a luxury to me, massaging the egos of managers who foster links to the golden age of the railways. Having said that, if the government ever gets its act together and launches some infrastructure projects, this should fly (has a horrible spread and is very thinly traded).
Apologies Bill as I replied below without linking to your post. Are you a shareholder in RTC?
I used to be, a good while ago. I got out with a small profit. My priorities have changed now, and I am investing more for income. RTC is a decent wee firm, but the conference centre seems an unnecessary indulgence to me, and the spread is usually horrible. The last update was forecasting "broadly in line", so that implies a wee miss. The NI changes have hit them, and they remain dependent on increased rail spending. I like to keep an eye on it, but I won't be buying back in any time soon.
The RTC dividend is 7% and so should meet your investing for income criteria.
In any case shareholders have seen the need for change to improve the balance of returns needed for all stakeholders and not just oversized amounts taken by the board.
I only asked if you were a shareholder as we do have a very strong shareholder group which is growing because holders read blogs like this.
Watch closely for next steps…
Yes true I saw that building on the website
"So I thought about a weekly or bi-weekly A-Z on the UK Main Market (~1000 companies, 72% are smaller than 1£b, 7% are above 10£b)."
This, or whatever else lights your mind and you'd like to share. :-)
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