RC365 shares jumped after the company struck a deal with Blacksilver for its RC3.0 SaaS platform fee. LONDON, July 3, 2026, 10:07 BST
- RC365 jumped 20.4% to 2.95p in late London action after signing a five-year deal with Blacksilver Trust.
- The agreement puts the monthly SaaS charge at $5,000 for each client and each service, with the rate going up 8% every year.
- If RC365 had one client using three services, that would bring in around HK$8.24 million over five years, about 69% of its most recent half-year revenue.
- The shares traded 47.5% higher than the 2p placing price from June, with related warrants at 2p and 2.5p.
RC365 Holding PLC (LON:RCGH) jumped 20.4% to 2.95p on Friday after the fintech company said it signed a five-year Blacksilver Trust contract, bringing in a monthly SaaS fee. According to delayed London South East data, 6.66 million shares changed hands, with a bid-offer at 2.80p/3.10p, putting the spread at 10.7% and market cap at £5.22 million. That’s about 3.8% of shares in issue. London session is open from 0800 to 1630 BST.
Regal Crown Technology, a unit of the company, will give Blacksilver Trust (Hong Kong) Limited business virtual accounts, API help and an updated trust-management system using RC3.0. The agreement takes effect now and lasts five years. Monthly charges are $5,000 per client for each service type, rising 8% a year, plus possible mandate fees. The statement did not disclose a total contract value.
The fee numbers are the key question now. A client with one service would pay $60,000 in the first year and $351,996 over five years, before adding any mandate fees. If a client took all three service types, the charge hits $180,000 in year one, climbing to $1.056 million over five years. At HK$7.80 to the US dollar, right in the middle of Hong Kong’s currency band, that three-service total comes out to about HK$8.24 million. RC365 posted HK$11.95 million in revenue for the half-year ending Sept. 30, 2025.
| Scenario, not company guidance | Year-one fee | Five-year nominal fee | Approx. HKD value | Versus last reported half-year revenue |
|---|---|---|---|---|
| Single client, single billing type | $60,000 | $351,996 | HK$2.75 mln | 23% |
| Single client, three billing types | $180,000 | $1.056 mln | HK$8.24 mln | 69% |
Chief Executive Chi Kit Law said the agreement is “a further step in the expansion of our B2B fintech offering”. Law said the deal puts virtual-account infrastructure, API integration and trust-system upgrades together for a single client. Investegate
The gross-profit test is tougher. RC365 said revenue climbed to HK$11.95 million from HK$6.14 million in its interim report, but gross profit dropped to HK$4.69 million from HK$5.48 million. Loss narrowed to HK$4.12 million. RC365 also said it must pay Hatcher Group Limited (HKG:8365) 50% of revenue from the RC3.0 APP for the first 15 years after launch.
Friday’s RNS said the Blacksilver services use RC3.0. It didn’t say if the new SaaS fees are included in the Hatcher revenue-share clause. Investors now have two figures to watch: the gross fees disclosed Friday, and what RC365 gets after any revenue share.
RCGH ran up before Friday. A London Stock Exchange/FTSE Russell tear sheet from July 1 showed the stock up 109.1% for the year and 119.1% for 12 months, though it was still down 67.1% over five years. The FTSE 350 had gained 41.7% over five years.
| Measure | RC365 data | Investor read-through |
|---|---|---|
| July 3 delayed quote | 2.95p, up 20.4% | Market cap stands at £5.22 mln; spread at 10.7% |
| July 3 volume | 6.66 mln shares traded | Roughly 3.8% of shares out |
| July 1 LSE tear sheet | YTD gain at 109.1%, one-year up 119.1% | Already a big short-term rally |
| July 1 LSE tear sheet | Five-year return -67.1% | FTSE 350 up 41.7% over five years |
| June placing | 25 mln shares priced at 2p | 14.1% of total share base post-placing |
| Warrants from June deal | Up to 14.25 mln new shares possible | 8.1% extra dilution if exercised |
Friday’s 2.95p finish matters because of the June deal. RC365 raised £500,000 gross at 2p a share, gave out 1.5 million fee shares, and said enlarged share capital would hit 176.91 million. Placing investors got one warrant for every two shares at 2.5p. The broker picked up 1.75 million warrants at 2p. RC365 also scrapped a £3 million convertible loan note from February.
Blacksilver’s RNS showed price figures by client and each service type, but didn’t mention a minimum number of clients, a transaction floor or an overall contract value. At Friday’s close, the stock was 47.5% over the placing price, and up 18.0% from the investor-warrant strike.
