Previously writing on engineering and technical recruitment group RTC (RTC), in March with the shares down to below 30p I concluded the financials including cash burn and near term difficulties meant I certainly continued to avoid. So what now with “pleased to announce” results for the first half of 2022 and the shares at 21.5p?

Previously writing on recruitment group RTC (RTC), in August with the shares at 54p I reviewed argues “outstanding further contract award”. How ‘outstanding’?, concluding that there were clear reasons for caution. The shares last closed at 35p… and are currently down below 30p on the back of a full-year results announcement. So what’s the situation now?…

Shares in recruitment group RTC (RTC) are currently down 11p today to 54p – but that after a prior close of 35.5p and having commenced 2021 at 42.5p, so what’s going on?…

Previously writing on recruitment group RTC (RTC), in May I noted share options buyback for mid-market price 46.5p each roll-call of greed and shame and questioned reflects “performance under the ongoing highly stressful conditions well beyond the normal course of business”…but not possible to provide results guidance?. Today results from the group for the first half of 2021 – and the shares currently lower below 40p…

A month ago recruitment group RTC (RTC) stated “the board still believe that it is too early to quantify the revenues and operational profits for the full calendar year 2021”. Today an “Offer to Cancel Share Options and Share Buyback”. Hmmm…

Having in August stated that its engineering and technical recruitment consultancy ATA “has successfully navigated through the period of market anxiety leading up to the EU referendum”, RTC Group (RTC) has now announced its short-term performance has been impacted by delays in the commencement of infrastructure projects…

The situation as far as the RTC Group daily chart is concerned is very much one that bulls will feel confident about.

Given the rather painful start for the stock market for 2016 it may be the case that we appreciate the type of share price chart trajectory being witnessed on the daily timeframe of RTC Group over the past year. 

To describe RTC Group as a “classic” bull situation may on the face of it be tempting fate / the kiss of death.