We Picked RCR Tomlinson (RCR) This Week!
RCR Tomlinson (RCR) is one of Equity Story’s new 3YR Growth stories that just looks fantastic this week. RCR is a story that has everything going for it; being in a hot sector, hot chart this week especially, and hot fundamentals!
The company is trading on about 16x earnings based on consensus EPS numbers, and considering the growth ahead, RCR compares favourable with other peers of valuation grounds.
RCR is in the services businesses providing engineering solutions that include construction, maintenance, repairs and engineering. The half year 2018 saw huge new contract wins of over $800M and RCR saw a record revenue of $940M that translated into NPAT of $16.3M, beating consensus expecations.
We see this trend continuing, and definitely on the charts it is looking fantastic with positive sentiment from the half yearly result driving momentum.