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  1. #1
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    Default RCR - RCR Tomlinson

    With the market at elevated levels I've been erring on the side of caution recently and looking at infrastructure stocks, while not as exciting as some of the resources, can be just as rewarding. Previous 2 picks in this area were MND which I've sold and BOL which I still hold.
    Take a look at RCR. Price has been declining for some time due to a long term contract which hasn't gone well but the company has lots of new work and is expanding around Oz.

    P/E 11, sector P/E 15
    P/B 2.25
    P/S .65

    Technically, this company looks very good indeed.
    Not much debt and pays a dividend.


  2. #2
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    Thanks for the heads up Skol.

    As I like the industry (have held/do hold ESS,ANG,DOW,CHL)I have had a bit of a look in latest HY report, and recent anns.

    Like the increasing Cashflow, low debt levels and recent very positive aquisition (Eagle Engineering)

    What was the loss-making LT contract you are referring to?

    Keen to get on board this $200M \"smallish\" company!

  3. #3
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    I've been holding them for a few months, during which time the SP hasn't really gone anywhere - +/- 5% or so.

    I actually started a thread on them about the time I bought in.

    The company is tipping they'll have a good second half.

  4. #4
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    Up 10 cents today so far, what are you guys doing to the share price ?

  5. #5
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    wns,
    Sorry, didn't see your thread on RCR until this morning while looking for another company thread. Doubt you will be disappointed with your aquisition of these shares.

  6. #6
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    quote:Originally posted by Skol

    wns,
    Sorry, didn't see your thread on RCR until this morning while looking for another company thread. Doubt you will be disappointed with your aquisition of these shares.
    No worries Skol. From memory I was the only one posting on the thread I started so you've already done a lot better than I did in that regard.

    Announcement just through that PPT are now a substantial holder.

    HHL was becoming a substantial holder about when I was buying a few months back.

  7. #7
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    Mothman,
    According to Mining News there was a loss on a long standing fabrication contract which exceeded provisions by $1.4m.

    PS For what it's worth I've just doubled up on this one, looking very promising indeed, volume increasing by the day.

  8. #8
    Member Mothman's Avatar
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    Thanks for the update Skol.

    I got on board at average price $1.88 after I looked at your first post and a bit of research.

    Stoked about the current action

  9. #9
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    I'm out today, (just waiting for the last few to trade at $2.05) not that I don't like their long term prospects, I just thought (a month ago) that $1.80 was too low, and that they would come back fairly quickly

  10. #10
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    Up another 10c today. What ARE you guys doing to the share price?

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