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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Revenue Assur. | RAS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 202.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 202.00 | 202.00 |
| Top Posts |
|---|
Posted at 16/7/2007 18:11 by fse Sorry alan not sure what you are looking for ... would be nice if we knew who the bidder was. There will be share disposals though by institutions ahead of this as one group of investors with specific manadate will sell ... shares are getting mopped up with ease by those who expect the bid to be well north of 200p looking OK |
Posted at 04/7/2007 15:54 by labatie 'Strong Buy' in Growth Company Investor |
Posted at 23/5/2007 10:38 by daz Yes, RAS can't even break out quickly but I think a steady rise to around 150 before or just after results is on the cards.You would think that the solid growth propects and quality of earnings would be just what instituitional AIM investors would be looking for. |
Posted at 09/5/2007 15:55 by nurdin A quality stock largely ignored by the market .Its a legacy from the XKO days imo but investors have to just look back one year and see the transformation which has taken place within the company.The old low margin business has been completely exited and replaced by very high margin debt management business for the utilities.It is recession proof,work is based on long term contracts and there is little external competition.On current brokers forecasts RAS are trading on a prospective PE of just 12 which looks mean given the quality of the business.I am hoping the results due soon will highlight the virtues here and trigger a rerating...:o) |
Posted at 21/1/2007 12:31 by blueliner New group website could do with being incorporated in headerProvides links to Powerdebt & UBM & investor info annual reports etc not brilliant but OK as a point of reference. Useful that the co tidied up its interims so the new business was highlighted and not mixed up with the disposal turnover + profit edit: not sure from reading above, is there something going with Centrica & RAS or are we waiting? |
Posted at 22/11/2006 10:55 by papalpower On todays free email from GCI ( ):November marks the dawn of a new era for the company formerly known as XKO Group, with a new name, a new sector and a new focus on 'revenue assurance'. It has appropriately been re-named Revenue Assurance Services (RAS), having sold the last part of its erstwhile divisions for £15 million in October - making for a gross £28.5 million for the sum of the old business. This allows chief executive Simon Beart to concentrate on the revenue assurance businesses acquired last year. The group provides three services to its utility company customers: consultancy, where experienced consultants and proprietary software identify and secure un-billed debts; collections, which is telephone-based debt collection of existing debt; and metering services, where a meter-reader is sent to business premises to physically check gas meters. RAS has around 30 per cent of the gas utility market at the moment, including customers Shell, eOn and Centrica - but at three times the size, the electricity market is a significant target. Utilities face ever more pressure to keep their costs down and RAS offers a great outsourcing option, with no clear competition - yet. Although there is some opposition to their adoption from the utilities' in-house collection departments (and contracts can therefore take around two years to win), Beart stresses that his consultants' levels of success are incomparable and he is confident of adding contracts in both gas and electricity. He says the balance sheet 'is under-geared' and is pondering acquisitions. The business is achieving 40 per cent margins, taking £3.3 million cash from £7.9 million sales in the half year to September, with profits before tax of £2.1 million. House broker Bridgewell has upgraded year-end numbers to sales of £16 million, profits of £5.66 million and earnings of 9p per share. Growth Company Investor recommended buying the shares at 106.5p in June but, with earnings upgraded to provide a prospective p/e ratio just over 11, it's worth adding to your holding. Market cap: £48.44 million Ticker: RAS Share price: 113.5p |
Posted at 16/11/2006 16:20 by zho Companies: XKO 14/11/2006 November marks the dawn of a new era for the company formerly known as XKO Group, with a new name, a new sector and a new focus 'revenue assurance'. It has appropriately been re-named Revenue Assurance Services (RAS), having sold the last part of its erstwhile divisions for £15m in October making for a gross £28.5m for the sum of the old business. This allows chief executive Simon Beart and his management to concentrate on the revenue assurance businesses acquired last year. The group provides three services to its utility company customers: consultancy, where experienced consultants and proprietary software identify and secure un-billed debts; collections, which is telephone-based debt collection of existing debt; and metering services, where a meter-reader is sent to business premises to physically check gas meters. RAS has around 30% of the gas utility market at the moment, including customers Shell, eOn and Centrica but at three times the size, the electricity market is a significant target. Utilities face ever more pressure to keep their costs down and RAS offers a great outsourcing option, with no clear competition yet. Although there is some opposition to their adoption from the utilities' in-house collection departments (and contracts can therefore take around two years to win), Beart stresses that his consultants' levels of success are incomparable and he is confident of adding contracts in both gas and electricity. He says the balance sheet 'is under-geared' and is pondering acquisitions. The business is achieving 40% margins, taking £3.3m cash from £7.9m sales in the half year to September, with profits before tax of £2.1m. House broker Bridgewell has upgraded year-end numbers to sales of £16m, profits of £5.66m and earnings of 9p per share. Growth Company Investor recommended buying the shares at 106.5p in June but, with earnings upgraded to provide a prospective p/e ratio just over 11, it's worth adding to your holding. |
Posted at 14/11/2006 19:20 by papalpower edcrane - 14 Nov'06 - 09:50 - 41 of 46 (premium)Teather & GReenwood comment following results .... raising forecats and BUY recommendation When Will the Market Recognise the Value Here? Revenue Assurance Services Plc, formerly XKO Group, has reported interim results this morning, its first since the disposal of the ERP software business and therefore completion of its strategic transformation into a focused provider of revenue assurance services, currently to the utility sector. H1 results, stripping out the contribution from the disposed software business, delivered revenue of £7.93m, adjusted PBT of £2.82m and diluted EPS, on the same basis, of 4.73p. An interim dividend of 0.4p was awarded representing a 52% increase over the previous period reflecting the strength of underlying growth and cash generation. On the back of this, we have raised our FY 2007 revenue target from £14.6m to £16m, and increased our clean PBT forecast from £5.25m to £6.25m. Our EPS estimate rises c11% to 9.8p, and we have moved our total dividend forecast up from 1.3p to 1.8p. We have been less aggressive with the revisions we have made to our FY 2008 and FY 2009 forecasts, simply as acknowledgement both of the fact that timing of unbilled error discovery is, by its nature, difficult to predict, and to reflect the fact that there was already the assumption of new contract wins underpinning our previous numbers. Our FY 2008E EPS figure moves up to 11.5p, from 11.2p, while our FY 2009E number rises to 13.8p, from 13.6p. Looking ahead, there is much to attract the investor to this stock. The 'new' entity is now a clearly focused business, operating within a premium growth market with both organic and acquisition-related opportunities available to sustain and, potentially, enhance this growth profile. The balance sheet has significantly strengthened, the business model is highly cash-generative (cash conversion in H1 was c103%), while any concerns over the re-tendering of contracts have been overblown. A calendar 2007E PE of 8.5x also looks outstanding value against a support services sector where multiples in the mid to high teens are common. We are retaining our 140p target which represents a multiple of only c12.5x calendarised 2007 earnings and firmly reiterate our Buy recommendation. |
Posted at 14/11/2006 19:07 by papalpower edcrane - 14 Nov'06 - 09:50 - 41 of 46 (premium)Teather & GReenwood comment following results .... raising forecats and BUY recommendation When Will the Market Recognise the Value Here? Revenue Assurance Services Plc, formerly XKO Group, has reported interim results this morning, its first since the disposal of the ERP software business and therefore completion of its strategic transformation into a focused provider of revenue assurance services, currently to the utility sector. H1 results, stripping out the contribution from the disposed software business, delivered revenue of £7.93m, adjusted PBT of £2.82m and diluted EPS, on the same basis, of 4.73p. An interim dividend of 0.4p was awarded representing a 52% increase over the previous period reflecting the strength of underlying growth and cash generation. On the back of this, we have raised our FY 2007 revenue target from £14.6m to £16m, and increased our clean PBT forecast from £5.25m to £6.25m. Our EPS estimate rises c11% to 9.8p, and we have moved our total dividend forecast up from 1.3p to 1.8p. We have been less aggressive with the revisions we have made to our FY 2008 and FY 2009 forecasts, simply as acknowledgement both of the fact that timing of unbilled error discovery is, by its nature, difficult to predict, and to reflect the fact that there was already the assumption of new contract wins underpinning our previous numbers. Our FY 2008E EPS figure moves up to 11.5p, from 11.2p, while our FY 2009E number rises to 13.8p, from 13.6p. Looking ahead, there is much to attract the investor to this stock. The 'new' entity is now a clearly focused business, operating within a premium growth market with both organic and acquisition-related opportunities available to sustain and, potentially, enhance this growth profile. The balance sheet has significantly strengthened, the business model is highly cash-generative (cash conversion in H1 was c103%), while any concerns over the re-tendering of contracts have been overblown. A calendar 2007E PE of 8.5x also looks outstanding value against a support services sector where multiples in the mid to high teens are common. We are retaining our 140p target which represents a multiple of only c12.5x calendarised 2007 earnings and firmly reiterate our Buy recommendation. |
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