Revenue Assur. Share Discussion Threads

[fse] 20/2/2007 14:04

FSE - 24 Jan'07 - 16:14 - 137 of 150 edit

congrats nurdin I think your timing will prove to be spot on ;-)

[nurdin] 20/2/2007 12:56

Excellent..thank you for that Johnroger

[johnroger] 20/2/2007 12:52

AFX news feed
Good progress was also seen in Revenue Assurance Services shares, 4-3/4
pence higher at 114-1/4 following news that the group has signed its first
contract for the delivery of consultancy services and revenue assurance in the
Electricity market.
The group also confirmed that discussions in respect of a renewal for a gas
market contract continue to make good progress, and that trading continues to be
in line with market expectations.
In reaction, Bridgewell Securities said it believes that both contracts
relate to Centrica.
The broker maintained its 'buy' rating on Revenue Assurance and looks for
fair value at about 150 pence.

[papalpower] 20/2/2007 12:50

Good news :)

[sheik yerbouti] 20/2/2007 12:48

PE is 11.5, dropping to about 9 for 2007/8 with 25% growth. Should have added on the dip last week, pe of 15 would see them moving towards 200p.

[nurdin] 20/2/2007 12:44

Hoping that Centrica contract will be signed soon...if that happens we could see the share price well north of 130p imo....what with those juicy margins! :o)

[a0148009] 20/2/2007 08:27

Good news - according to Baird's research Electricity market 2.5x larger than Gas.
I think what has depressed the price recently is a seller and lack of news so this is very welcome. Company stated intention is to seek strategic acquisitions and would expect further news over the next few months.DYOR

AO

[enami] 20/2/2007 08:06

Dividend pay day as well !!

[shanksaj] 20/2/2007 08:01

Great stuff.

[daz] 20/2/2007 07:47

Agree, very significant announcement, which hopefully paves the way for more of the same over the next year or so.

[nurdin] 20/2/2007 07:23

Start of a rerating Id say..:o)

[nurdin] 20/2/2007 07:22

FIRST ELECTRICITY CONTRACT

The Board of Revenue Assurance Services plc is pleased to announce that
following a successful trial, the Group has signed its first contract for the
delivery of consultancy services and revenue assurance in the Electricity
market. The signed contract is with a major UK and International utility and
invoicing has already commenced.

The Board also confirms that discussions in respect of a renewal for a Gas
market contract continue to make good progress.

Trading continues to be in line with market expectations. The Board will
provide a trading update for the financial year ending 31 March 2007 in mid
April.


Commenting the Chief Executive, Simon Beart, said:

"Success in the Electricity market is an important achievement for the Group.
This new contract demonstrates that our skills in the Gas market have been
transferred successfully to the larger, Electricity market".

[njp] 25/1/2007 09:30

Yes, well done nurdin.

Good to see these going in the right direction. Was happy to hold but not brave enough to add.

[nurdin] 25/1/2007 09:14

:o)

Nice 25k buy there to start the ball rolling again ..:o)

[fse] 24/1/2007 16:14

congrats nurdin I think your timing will prove to be spot on ;-)

[nurdin] 24/1/2007 15:42

thanks theo.Looks like we about to take off :o)

[theo13] 24/1/2007 10:58

well done for adding yesterday Nurdin ;o)

[nurdin] 24/1/2007 09:02

I think we have a bounce coming here :o)

[nurdin] 23/1/2007 18:16

Added today..not sure thats wise given the chart pattern but feel reasonably confident that we are due contract news soon.

[blueliner] 22/1/2007 11:24

I'll answer my own question, we are waiting-
RAS continues to do work for Centrica with contract still at draft stage.
Other customers include parts of Eon RWE & SSE though not clear if they are contracted or just doing work for them.

[papalpower] 21/1/2007 15:35

Update, thanks for that.

[blueliner] 21/1/2007 12:31

New group website could do with being incorporated in header



Provides 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?

[yump] 19/1/2007 19:37

Just having a nose around.
Looks like one to possibly lock away for regular earnings growth, with the possibility of a re-rating somewhere along the line. Solid earnings would carry it along satisfactorily without a re-rating anyway by the look of it ?