olivLaw · European equity research
RC365 HOLDING LIMITED RCGH.L
United Kingdom · London Stock Exchange · ISIN GB00BMG8BL95 · Vertical: Listed companies from United Kingdom
RC365 Holding Limited is an investment holding company listed in London that, through its subsidiaries, develops IT software and payment solutions, remittance and payment services, media production and money lending services. The company is in a period where support from its principal shareholder and public share issues are central to continuing operations, according to the annual report for the year ended 31 March 2026.
At the close of 05 Nov 2026, RC365 HOLDING LIMITED (RCGH.L) stock was 0.05 GBP (+0.00% on the day), with beta 0.37, 52-week range 0.01–0.08 GBP.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 44.3
- weak (30–45)
- Bollinger (20, 2)
- 0.04 – 0.07
- in the lower half of the band · %B 0.25 · band width 56.8%
- SMA 50 / 200
- 0.05 / 0.02
- mixed trend
- MACD (12, 26, 9)
- -0.00 / 0.00
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | −34.5% | −0.6% | −33.8 pp | — |
| 3 months | +69.6% | −4.2% | +73.8 pp | — |
| 6 months | +287.8% | +4.3% | +283.4 pp | — |
| Year to date | +331.8% | +7.5% | +324.3 pp | — |
| 1 year | +251.9% | +9.9% | +241.9 pp | +5.8% |
| 3 years | −64.2% | +49.8% | −114.0 pp | +26.3% |
| 5 years | unavailable | +42.8% | unavailable | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
the price (USD) and the reports are in different currencies
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 12.2 m | 14.1 m | 22.1 m |
| Revenue YoY | unavailable | +15.8% | +56.9% |
| Net income | -36.9 m | -33.7 m | -12.9 m |
| Net income YoY | unavailable | unavailable | unavailable |
| Diluted EPS | unavailable | unavailable | unavailable |
| Diluted EPS YoY | unavailable | unavailable | unavailable |
| net % | -302.9% | -239.1% | -58.2% |
| Free cash flow | 7.6 m | -9.6 m | -7.2 m |
Balance sheet & financial health
Fiscal year 2026 · 31 Mar 2026
- Cash
- 2.8 m HKD
- Financial debt
- 3.9 m HKD
- Net debt
- 1.0 m HKD
- Equity
- -7.0 m HKD
- Total assets
- unavailable HKD
- Debt / equity
- unavailable
- Current ratio
- 0.57x
- ROE
- unavailable
- ROA
- unavailable
- FCF margin
- -32.3%
Financial statements (source on every figure)
Revenue and net income (HKD)
Margins
Income statement · HKD
| Line | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 12.2 m | 14.1 m | 22.1 m | esef· 02 Sept 2026verified |
| Cost of revenue | 87.2 k | 1.9 m | 13.8 m | esef· 02 Sept 2026verified |
| Gross profit | 12.1 m | 12.2 m | 8.3 m | esef· 02 Sept 2026verified |
| Operating income | 1.6 m | -6.7 m | -9.3 m | esef· 02 Sept 2026verified |
| Depreciation & amortisation | 3.1 m | 4.3 m | 2.2 m | esef· 02 Sept 2026verified |
| EBITDA | 4.7 m ≈ | -2.5 m ≈ | -7.1 m ≈ | esef· 02 Sept 2026derived |
| Interest expense | 175.8 k | 142.5 k | 141.2 k | esef· 02 Sept 2026verified |
| Pre-tax income | -31.2 m | -30.6 m | -12.9 m | esef· 02 Sept 2026verified |
| Income tax | 128.8 k | 189.0 k | 1.2 k | esef· 02 Sept 2026verified |
| Net income | -36.9 m | -33.7 m | -12.9 m | esef· 02 Sept 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · HKD
| Line | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|
| Cash | 19.3 m | 11.8 m | 2.8 m | esef· 02 Sept 2026verified |
| Receivables | 2.5 m | 772.5 k | 429.6 k | esef· 02 Sept 2026verified |
| Current assets | 24.8 m | 16.2 m | 10.2 m | esef· 02 Sept 2026verified |
| Property, plant & equipment, net | 457.2 k | 559.8 k | 394.4 k | esef· 02 Sept 2026verified |
| Goodwill | 759.3 k | 0 | 0 | esef· 02 Sept 2026verified |
| Intangibles (excl. goodwill) | 28.2 m | 5.0 m | 6.7 k | esef· 02 Sept 2026verified |
| Accounts payable | 4.0 m | 2.9 m | 3.6 m | esef· 02 Sept 2026verified |
| Short-term debt | 4.5 m | 3.9 m | 3.9 m | esef· 02 Sept 2026verified |
| Current liabilities | 25.5 m | 16.3 m | 17.9 m | esef· 02 Sept 2026verified |
| Equity | 33.3 m | 5.7 m | -7.0 m | esef· 02 Sept 2026verified |
Cash flow · HKD
| Line | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | 7.7 m | -9.3 m | -7.1 m | esef· 02 Sept 2026verified |
| Capex | 65.4 k | 317.2 k | 76.4 k | esef· 02 Sept 2026verified |
| Free cash flow | 7.6 m ≈ | -9.6 m ≈ | -7.2 m ≈ | esef· 02 Sept 2026derived |
| Investing cash flow | -2.7 m | 195.1 k | -1.7 m | esef· 02 Sept 2026verified |
| Financing cash flow | 4.6 m | 1.4 m | -413.6 k | esef· 02 Sept 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 3 of at least 6
- score weight coverage: 16.7% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: unavailable
Price and reporting are in different currencies; market indicators are unavailable.
Key indicators
Coverage and freshness
Score by group
17% · Insufficient data
Estimated value range
unavailable — no valuation assumptions for the reporting currency
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
Assumptions (illustrative, editorial)
- Risk-free rate
- 6.5%
- Equity risk premium
- 6.0%
- Beta (default)
- 1.00
- Cost of equity
- 12.5%
- Terminal growth
- 3.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 3 of at least 6; score weight coverage: 16.7% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | -58.2% | 11 (vs peers) | 38% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | -65.6x | 0 (on a fixed band) | 38% |
| Current ratio · Balance sheet | 0.6x | 0 (on a fixed band) | 25% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet0/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality· partial11/100 · 1/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partialunavailable · 0/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
RC365 HOLDING LIMITED (RCGH.L). Latest full fiscal year: 2026; data up to 2026-03-31.
Figures computed from the financial statements: revenue 22.1 m HKD in 2026; YoY growth 56.9%; net margin -58.2%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 3 of at least 6; score weight coverage: 16.7% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
What contradicts it
- Net margin: -58.2%
- Interest coverage: -65.6x
- Current ratio: 0.6x
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Listed companies from United Kingdom · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| BATS.LBritish American Tobacco P.L.C. | 104.3 bn | 13.5 | 16.5% | 30.3% | −1.0% | +7% / +88% |
| ABF.LAssociated British Foods PLC | 14.7 bn | 14.3 | 9.2% | 5.3% | −3.1% | −5% / −15% |
| 0EV1.LCarnival PLC | 5.5 bn | 4.1 | 46.7% | 13.4% | +6.4% | unavailable / unavailable |
| BAB.LBabcock International Group PLC | 5.1 bn | 24.7 | 34.7% | 4.1% | +7.2% | −10% / +158% |
| AUTO.LAutotrader Group PLC | 4.8 bn | 16.4 | 60.2% | 47.1% | +3.9% | −13% / −23% |
| BBY.LBalfour Beatty PLC | 4.2 bn | 16.3 | 23.2% | 2.8% | +15.2% | +20% / +160% |
| ABDN.LAberdeen Group PLC | 4.1 bn | 10.8 | 8.0% | 28.9% | −2.1% | +11% / +41% |
| BKG.LThe Berkeley Group Holdings PLC | 3.6 bn | 11.3 | 8.8% | 13.4% | −4.2% | −0% / −22% |
| BME.LB&M European Value Retail PLC | 2.9 bn | 17.4 | 21.2% | 2.8% | +3.7% | +68% / −51% |
| AJB.LAj Bell PLC | 2.4 bn | 22.8 | 49.9% | 33.1% | +18.0% | +8% / +128% |
| ASHM.LAshmore Group PLC | 1.4 bn | 13.9 | 13.1% | 71.6% | −0.1% | +28% / +18% |
| BCG.LBaltic Classifieds Group PLC | 1.2 bn | 23.2 | 15.8% | 57.6% | +6.9% | −99% / −99% |
| APN.LApplied Nutrition PLC | 763.6 m | 36.2 | 41.2% | 19.7% | +24.2% | +71% / unavailable |
| BAG.LA.G. Barr P.L.C. | 671.9 m | 14.4 | 14.4% | 10.8% | +4.0% | −7% / +26% |
| ASC.LAsos PLC | 494.5 m | — | -81.3% | -12.0% | −14.7% | +71% / +8% |
| ALFA.LAlfa Financial Software Holdings PLC | 486.8 m | 16.3 | 61.5% | 23.8% | +15.3% | −28% / +10% |
| AML.LAston Martin Lagonda Global Holdings PLC | 344.3 m | — | -93.4% | -39.2% | −20.6% | −45% / −85% |
| APTD.LAptitude Software Group PLC | 111.3 m | 28.5 | 7.2% | 6.2% | −7.3% | −30% / −23% |
| AMGO.LAmigo Holdings PLC | 9.9 m | — | — | — | −81.9% | +325% / +844% |
| ASBE.LAssociated British Engineering PLC | 605.3 k | — | -19.1% | — | unavailable | unavailable / unavailable |
| AMIF.LAmicorp Fs (uk) PLC | 221.6 k | 0.1 | 27.5% | 9.1% | +8.1% | unavailable / unavailable |
| AAF.LAirtel Africa PLC | — | — | 24.1% | 10.6% | +29.5% | −7% / +164% |
| AAL.LAnglo American PLC | — | — | -19.3% | -20.2% | +4.5% | +30% / +76% |
| ACG.LAcg Metals Limited | — | — | -80.3% | -32.0% | +134.8% | +60% / +63% |
| AEP.LAnglo-Eastern Plantations PLC | — | — | 16.1% | 19.5% | +25.0% | +5% / +113% |
1- and 3-year price returns: for RCGH.L from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
RC365 Holding Limited is an investment holding company listed in London that, through its subsidiaries, develops IT software and payment solutions, remittance and payment services, media production and money lending services. The company is in a period where support from its principal shareholder and public share issues are central to continuing operations, according to the annual report for the year ended 31 March 2026.
SWOT
Strengths
- The group has a diversified portfolio across IT, payments, remittance, media and lending, which offers several potential sources of revenue.
- The principal shareholder's commitment to provide financial support offers an important liquidity buffer.
- The RC3.0 product is in the commercialisation phase, which could be a growth factor if adoption increases.
Weaknesses
- The group has recorded losses and operating cash outflows, indicating dependence on external funding.
- Business continuity depends on share issues and on the support of a single principal shareholder.
- The annual report gives few details on market share and on the performance of each division, which limits independent assessment.
Opportunities
- The market expansion of RC3.0 could generate additional revenue if the launch succeeds in the coming quarters.
- Co-branded projects could contribute to revenue growth and to a more diversified client base.
- Developing business virtual account services could widen the group's customer base.
Threats
- If revenue does not grow enough, operating losses could continue and could require further share issues.
- Weak investor interest in share issues could limit access to funding.
- Holdings of stablecoin virtual assets such as USDT expose the group to custody, counterparty and peg-maintenance risks.
Risks
- Going concernhigh
The financial statements are prepared on a going concern basis, and management states that adequate resources exist, although the group has recorded losses and cash outflows.
- Dependence on a principal shareholderhigh
Financial support largely comes from the principal shareholder, and a change in that shareholder's capacity or willingness could seriously affect liquidity.
- Virtual asset riskmedium
The group holds USDT as a short-term investment, exposed to custody risk, custodian credit risk and the risk that the dollar peg is not maintained.
- Execution of the RC3.0 launchmedium
Revenue growth depends on the success of RC3.0 commercialisation, and delays or weak adoption could prevent a return to sustainable operations.
- Equity funding riskmedium
Reliance on public share issues exposes the company to changing market conditions, which could dilute existing shareholders.
Investment thesis
What would need to be true (bull case)
- If the RC3.0 launch and co-branded projects generate consistent revenue, the company could reduce operating losses and depend less on external funding.
- Support from the principal shareholder and funds from share issues could provide the time needed to execute the market expansion strategy.
- Diversification across software, payments, remittance, media and lending could cushion the overall result if one division underperforms.
What would break the thesis
- If losses and cash outflows persist, the company could need further share issues, diluting existing shareholders.
- Dependence on one principal shareholder for financial support could become a vulnerability if that commitment changes.
- The lack of detail on market share and divisional performance could make it difficult to judge the real growth potential.
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
According to the annual report for the year ended 31 March 2026, RC365 Holding Limited was set up as a holding company and was admitted to the Standard List of the London Stock Exchange on 23 March 2022. The company's principal activity is as an investment holding company, and its group is engaged in IT software development and payment solutions, remittance and payment services, media production, money lending services and business virtual account support services. Its registered office is in London.
Segments
IT software and payment solutions
The group develops IT software and payment solutions, including the RC3.0 product, which management says is being commercialised alongside market expansion.
Remittance, payments and lending
The remittance and payment division is complemented by money lending services, for which the group holds a lending licence reported among intangible assets with long or indefinite lives.
Media production and virtual accounts
The group also offers media production and business virtual account support services, activities the report describes as part of the group's portfolio.
Market context
The annual report does not describe the company's market size or market share in detail, so these cannot be assessed from the source. What the report does show is that the group's strategy rests on the market expansion of RC3.0 and on growing revenue from co-branded projects and the RC3.0 launch in the coming quarters.
The group has recorded losses and cash outflows from operating activities, and management cites cost management as a response. According to the report, continuity depends on capital raised through public share issues and on support from the principal shareholder.
Competitive position
The company's positioning depends, according to the report, on its ability to launch and commercialise RC3.0 and develop co-branded projects, factors that could create competitive advantages if execution succeeds.
- Competitors not named in the report
The annual report does not name competitors, so no names or tickers are provided.
- Payment and remittance service providers
The group's remittance and payment activity could compete with other payment providers, but the source does not identify specific entities.
- IT software solution providers
The IT software and payments division could compete with other software companies, but the source does not name them.
- Money lenders and fintech firms
The lending services could compete with other lenders, without the report specifying which ones.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202602 Sept 2026
- Annual report 202521 Aug 2025
Sources
- [1] Annual report, fiscal year ended 2026-03-31 (ESEF) · SEC / RC365 HOLDING LIMITED · 31 Mar 2026
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.