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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Rapidcloud | RCI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 13.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 13.00 | 13.00 |
| Top Posts |
|---|
Posted at 05/6/2015 10:56 by domple Raymond Chee, Managing Director of RapidCloud, said: "We are delighted to welcome Corston-Smith Asset Management as a cornerstone investor. The backing of us by one of Southeast Asia's prominent fund managers is a significant vote of confidence in our business and strategy. We very much look forward to delivering shareholder value with the backing and support of such a quality investor." |
Posted at 27/5/2015 09:51 by monkey puzzle Getting ramped over at lse thread......might bring in a few traders I guess, I would prefer to see investors though. |
Posted at 02/12/2014 10:40 by raysor Anyone still following Rapidcloud?Drifted down to 40p from placing of 54P in July. Announced what appeared to be two very large orders in August which briefly stemmed the decline. Last couple of days looked interesting with rise of 7-8p over two days. No volume though. Announcement of directors purchases seem to have triggered the rise. But there can't be anything in the pipeline otherwise the directors wouldn't/couldn't have bought. To me it seems an interesting company but maybe Singapore puts UK investors off? |
Posted at 03/9/2013 18:39 by el1te Hi Guys,I have been doing some preliminary research on RapidCloud today, mostly from their Admission document, and I'm not entirely convinced on the company, so won't look further yet. Nonetheless some points from the document (for those who don't want to trawl through or are new) are as below in no particular order. I'm sure investors here already know most of this - also recognise this is more of the technical and financial stuff rather than actual company operations. - Over 36,500 customers with the larger ones including Deloitte and BAE Systems regional companies. Several contracts signed with MNCs in Singapore - Large amount of recurring revenues although not overly reliant on any particular client. 12 customers speak for 33% of total group revenues - Strategy is to initially sell low value web hosting and other serivce before upselling the higher value services - 3 sales offices in Asia. Mostly focused on Malaysia and relatively newer ventures into Thailand and the Philippines - Cloud computing global revenues forecast at $25.4bn in 2013, growing to $47bn in 2015. During this same period, Asia Pacific revenues will more than double from $2.5bn to %5.6bn - In Malaysia alone the Cloud Computing market is 197.9m RM. Dorecast to grow to 299.6m RM by 2015 - Possible side-strategy is to acquire complementary businesses should an opportunity present itself. Funding through cash flows or equity. Equity would be preferable imo because the stock is illiquid - reference Naibu Global (LSE:NBU) that has seen volumes pick up since a recent placing - Strong focus on R&D with emphasis to exploit tablet/smart phone market in the future, but this market is not as developed and European/North American ones yet - Subscription based business model sets it apart. Positively, 24/7 assistance is also a plus point - 3 main competitors: Anise, FREE NET and SKALI Group (also subscription based). Many other competitors that are local/international - Strong industry outlook for the region backed by the technology lowering capex, good ease of use and Malay govt initiatives. Issue of potentially poor security remains an issue for all companies - Most 2012 revenues SaaS. Just less than 26% came from IaaS - 66% of the revenue came from website building and hosting. Ecommerce initiatives performing well - Company describes itself as a 'one-stop shop' for providing SaaS, IaaS and PaaS. Also does marketing for clients through google adwords etc. - Between 2011 and 2012, revenues grew 16.4% to £1.83m - Pre-tax profits grew to £738k - Over the same period, Post Tax profits grew by 19.7% to £710k - There is a worry for H2 2013 and results thereafter because Emerge Software Solutions' 100% tax exemption will end in November and cannot be redeemed. A quick search suggests that the subsidiary will draw tax of 25% if it brings in profits of £97.9k - In the 5 (not 6) months after Fy 2012, Revenue was booked of 3.97m (unaudited) which is £780k. This is up 48% Y.O.Y. No pronounced seasonality, but higher revenues tend to occur in H2 - Trade Receivables of £430k. Payables of £300k, but a fair amount for dividends - Last reported cash and bank balances of 8.11RM or £1.59m - £0.583m net proceeds from the placing supposedly bolsters the cash balance up to £2m. Some of this will be spent on moving to a new Malaysian office with the rest plus operating cash being used to expand into Indonesia and for working capital - 'Group's companies in Thailand and the Philippines is starting to gain traction' - 11 management and 57 staff - Rapidcloud International (Umbrella company) holds 100% in Emergy Systems, Emerge Software Solutions and Rapidcloud Asia Berhad. Owns 49% of Emerge Thailand and 40% of Sharksurf Philippines - Managing Director Raymond Chee on a £47k/annum salary with a discretional £200k/annum equivalent bonus Hope that helps and feel free to check out my site where I review other companies Not entirely convinced on RCI yet and there are quite a lot of risks. My instincts tell me to hold off even though I clearly had enough interest to start looking! El1te |
Posted at 16/8/2013 15:57 by eric76 Points taken Bam Bam, they were covered in the IC today, probs accounts for the dip..RapidCloud lists on Aim The Alternative Investment Market (Aim) welcomed a new technology company to its ranks this week, RapidCloud International (RCI), which helps 36,000 small and medium-sized businesses in Malaysia with their web-based services. RapidCloud is the 11th Malaysian company to come to Aim and investors who participated in its £1m placing at 54p a share will hope the company is as successful as Fusionex International (FXI), a Malaysian enterprise software company that floated on Aim in December at 150p and currently trades at 327p. Already well established in Malaysia, and having been in business for over 10 years, RapidCloud went public in order to scale up its business and fund geographic expansion into Indonesia - and eventually the rest of south-east Asia. IC VIEW: Priced at just 8 times earnings for 2013 (post-IPO), giving a market capitalisation of roughly £9.4m, this is a relatively low entry point for speculative investors looking to gain exposure to two fast-growing markets: cloud-based software and Asia. The company pays a small dividend, too. One to watch. |
Posted at 15/8/2013 23:26 by cottoner Malaysian cloud player makes debut on London's AIMEdwin YappAug 16, 2013 Good start to Rapid Cloud International's listing on London's AIM exchange Banking on Indonesia, Thailand, Philippines for next expansion wave MALAYSIAN software development and cloud service provider Rapid Cloud International Plc (RCI) was successfully listed on the London AIM (Alternative Investment Market) on Aug 14. Comprising four subsidiaries Emerge Systems (M) Sdn Bhd, Emerge Software Solutions (M) Sdn Bhd, Emerge Systems Philippines and Emerge Systems Thailand RCI's share performance rose consecutively over two days of trading, hitting a high of £0.79 as at press time (Aug 15). Its share price closed at £0.69 or 29% higher than its offer price of £0.54 on its debut on Aug 14. Raymond Chee, managing director and majority share holder of RCI, said the higher-than-expected debut trading price was not anticipated and that company officials only expected a 10% to 15% premium on its first trading day. "I'm pleased with the performance of the shares on the first day of trading [when it went up 29%]," he told Digital News Asia in an email. "It clearly shows there are investors who are interested in technology companies which are involved in the enterprise cloud computing sector based in South-East Asia. "The group has a lot of growth potential and will leverage on its initial public offering (IPO) to expand into fast-growing countries such as Indonesia as well as to expand its offices in Malaysia, Thailand and the Philippines," he added. Established in 1999 by Chee and his cofounder Kenneth Cheng Ju Wan, RCI claims to have a scalable business with a base of over 36,500 customers, including small and medium enterprises (SMEs), government agencies, multinational corporations and large enterprises. RCI provides a range of proprietary products, including core web and mobile site builders and e-commerce products, and also engages in software development projects for enterprises. It also offers infrastructure-, platform- and software-as-as-a-ser For its financial year ending 2012, RCI recorded an EBITDA (earnings before income, taxation, depreciation and amortisation) of RM4.3 million on the back of RM9.4 million in revenue. It also recorded a compound annual growth rate (CAGR) of 25% between 2010 and 2012, while its income as a percentage of sales grew from 5% in 2010 to 39% in 2012, according to company filings. Chee (pic) said that the higher-than-expected share price on the first [and second] day was bolstered by the company's positive cash flow, zero debt and the anticipation of paying a regular dividend to its investors, something that many investors in the AIM market look for. When asked what were his near-term expectations in the coming months, Chee said he expects his research and development (R&D) team to continue to develop relevant web-based applications for its enterprise customers. At the same time, Chee said RCI would also be actively looking into the possibility of strategic acquisitions within the region in order to complement its organic growth of its business in South-East Asia. According to company documents, the AIM listing has raised approximately £1million (before expenses), through the placing of 1,851,948 new ordinary shares at £0.54 per share. The placing was arranged by Allenby Capital and First Columbus Limited and the number of ordinary shares in issue immediately after admission was 17,368,971, giving RCI a market capitalisation of £9.4m, the company said in a statement. Company documents noted that the purpose of the IPO was to fund the growth in RCI's business, and that the net proceeds of the placing will be used for geographical extension and expansion. This includes Indonesia, where the group does not yet have a local presence, as well as in Thailand and the Philippines. Additionally, funds will be used to enhance RCI's group sales and marketing teams, fund its investment in innovation and R&D, infrastructure expenditure and working capital purposes, the company said. RCI counts amongst its customers Deloitte, BAE Systems, Canon, AmAssurance, AmBank, the Securities Commission of Malaysia and the Companies Commission of Malaysia |
Posted at 15/8/2013 09:26 by monkey puzzle Eric,I came here as my understanding is that Cloud based services are the "it thing" right now and another share I have has a CEO who is very keen to promote "The Cloud" as the future. Also, rare to find any AIM stock that pays a dividend, hopefully if the CEO here is good to word that will encourage investors. Plus, too many AIM companies just list and then send round the begging bowl for new funds through discounted placings to keep themselves afloat....I don't that happening here. In for the long term and will add as funds allow. |
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