||EPS - Basic
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Real-Time news about Revenue Assur. (London Stock Exchange): 0 recent articles
|apppp: Why is nobody buying these now. Surely they offer a guaranteed small profit at these levels unless SPI share price dives? Or is the possibility of this the reason that only selling is happening?
Have I missed something?|
|apppp: Thanks, but IYO will the prospect of the new RAS share holders entering SPI and then dumping immediately bring down SPI significantly even if general sentiment is good for SPI? I agree that SPI has been a good performer but I have made my mind up to take profits on this one and maybe have a look at SPI later.
It's a good position to be in but I would like to eek a few extra quid out of this one if that's possible.|
|tole: Peter Shearlock's Small Cap Stock Picks.
Revenue Assurance in takeover talks
It looks as if a takeover is on the way at Revenue Assurance, the specialist bill-checker and debt management company which sells its services to energy utilities. On Thursday, the company responded to a sharp rise in its share price by confirming it was in preliminary talks. The shares, tipped here last October at 100.5p, jumped to 188.5p.
Given the strength of the recent figures, Revenue Assurance should command a take-out price the right side of £2. The Financial Times has already noted that this is the level at which management share options crystallise. Do not sell.|
Revenue Assurance Services - BUY/HOLD
Tipped on these pages as a strong buy at 138.5p last month, Revenue Assurance Services (RAS) has surged on news the group is in bid talks. RAS is the largest provider of revenue assurance and debt management consultancy services to the UK utility market and is successfully replicating growth in the gas sector with a push into the far bigger electricity sector.
Led by astute chief executive Simon Beart, the company specialises in complex revenue assurance and debt management for utility clients including Centrica, with services ranging from the identification, negotiation and repayment of unbilled or over-billed gas and electricity on clients' behalf, to debt management and metering services. This is an invaluable service that helps clients improve processes, deliver more accurate billings and recover cash.
Even if a bid fails to materialise, strongly cash-generative RAS offers a compelling investment case, having recently announced a year to March of strong profits growth built on contract momentum adjusted pre-tax profits leapt from £2.9m to £6.2m on turnover of £14.6m (£7.6m) as well as a key deal in the gas market with Scottish Power.
Forecasts for the current year point to 10.8p of earnings, placing the shares on a p/e of 17.5, which looks relatively modest given growth prospects. Buy/Hold
Market cap: £80.75m
PE Forecast: 17.5
Share price: 189p|
Re: strategy.....it's always easy with hindsight!
To state the obvious, holding increases risks and potential rewards. Selling some now as zho has is a good option but can never be the 'best' option. The problem is that you can't know for sure the best option until it's too late!
Above all, it depends on your attitude to risk. Do whatever suits you at the time and don't feel bad after the event if you could have done better. A profit is still a profit as they say.
To offer some kind of meaningful (?!) advice....the share price over the next few trading days might (or might not!) reflect how the bid talks are going. The price surged before the announcement so presumably someone is in the know.....that kind of insider knowledge may provide some direction to the share price although it still isn't conclusive.
sorry not to be more helpful.
|tole: Excellent news to come back home to :) Agree worth 200p+
Revenue Assurance in takeover talks
Thu 12 Jul 2007
RAS - Revenue Assurances Services
LONDON (SHARECAST) - Revenue Assurance Services rallied to a new all-time high today as the firm, which works for utilities checking on bills for anomalies, said it was in bid talks.
"The board of Revenue Assurance Services notes the recent share price movement and confirms it is in preliminary talks which may or may not lead to an offer being made for the company," it said.
"There can be no certainty that an offer will be made for the Company or the terms on which such an offer may be made," it added.
Last month, the firm said it had more than doubled full-year pre-tax profits and announced it had won a new contract for consultancy and imbalance services with Scottish Power.
Adjusted pre-tax profit rose to £6.2m compared to £2.9m last year on turnover up 26% to £14.6m, helped by a number of new contracts.|
|a0148009: Hi guys sitting in a internet cafe in the Algarve no sun overcast but warm.
Great results having been in this one for six years with a few wobbles on the way. The share price is solid at this level now and would expect it to be progressively rerated. We have to give Simon Beart credit for changing the shape of the business and turning the company around. This is now a quality niche business with a great entree into the utilities which are non cyclical with huge budgets, a few bolt-ons will give the eps an exra kicker plus the contract wins and organic growth look set very fair. Increase market market cap and liquidity should make it more attractive to smaller company funds. share price of 175 does not seem unreasonable in the short term.
|nickcduk: It has been a horrible few weeks for me with stocks that get sold off after some news. I think everyone is going off on their summer holidays and are bagging profits. Drip selling kicks in and the share price tumbles despite good news. I hope the same doesn't happen here. Todays results were very impressive and the outlook was pretty bullish. The only problem is I would imagine thats what most were already expecting.|
|tole: Results announced for 13th June - so just over 4 weeks away now.
Looks like the share price is starting its run up :)
Last one at 130p 6v1 126-130|
|papalpower: On todays free email from GCI ( http://www.growthcompany.co.uk ):
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|
Revenue Assur. share price data is direct from the London Stock Exchange