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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Revenue Assur. | LSE:RAS | London | Ordinary Share | GB0001592251 | ORD 25P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 202.00 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 202.00 | GBX |
Revenue Assur. (RAS) Share Charts1 Year Revenue Assur. Chart |
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1 Month Revenue Assur. Chart |
Intraday Revenue Assur. Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 31/10/2007 | 16:00 | Revenue Assurance - High Growth | 377 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 13/7/2007 10:04 by zho Revenue Assurance Services - BUY/HOLDCompanies: RAS 13/07/2007 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 James Crux Market cap: £80.75m PE Forecast: 17.5 Share price: 189p |
Posted at 13/7/2007 02:52 by papalpower Yes, been through plenty of these now, with ICN, BOI, CSW, NTP, OSH, talk now of AUR and also now talk of RAS etc.. Funny that OSH is ongoing with the last bid at over 90p (when in fact the initial bid was at 36p when the share price was just 16p).Shows how very undervalued some companies can get, and yes, a takeover rumour is indeed recognition of value....as people buy to make money, which means the company looks cheap to the buyer. Somwhere around 200p would be my target here, any more would of course be nice, any less and someone is getting a bargain. |
Posted at 12/7/2007 23:30 by applecore2 JAZZA - cheers - I'm APPP by the way at home. Will probably hold for at least the next few days to see how the share price goes and set a stop loss at -10p to the closing price every day in case the deal collapses. Is there some chance that even if this deal collapses that the share price could remain at current levels due to obvious interest this would generate from other external sources? |
Posted at 12/7/2007 22:31 by jazza APPP,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. J. |
Posted at 12/7/2007 16:53 by 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. |
Posted at 12/7/2007 16:04 by a0148009 Not the best kept secret judging by the share price movement earlier today!Would expect takeout to be north of 200p for the following reasons. The LTIP is triggered at 150p and 200p ie 2.1m shares and 1.05m respectively an aggregate of 3.15m. there is a proviso participants remain employed for 3 and 5 years do not see this as a problem. I would suspect the original vendor of UBM to expect at least 200p, he is loaded with cash payments from the original sale and earnouts so can hold out for full price. The business is unique with a defensible market with barriers to entry in time, cost and IP. The services are exportable both in product and geographically. Potential purchaser could be any one of a number of outsourcing companies eg AccuRead, meter reading for Powergen and other utilities. Would look for a premium of 30 - 40% on the price before the announcement between 200 - 225p. Looks to me that first approach was made when the share price was around 150p Taking all the options, LTIP, and warrants into account total number of shares in issue would be 51.3m valuing the business at £102.6m at 200p. |
Posted at 12/7/2007 15:11 by zho >>How long before definite takover decision is made?>>How long is a piece of string? Probably within a month or two. >>If the company is taken over for £2 a share is that what holders are payed out, i.e would it be £2.>> Yes >>If news of no takover happens would you expect the share price to drop below £1.50 or even further or will it hold value due to the prospect of takover by someone else?>> Yes, the price could drop to £1.50 or lower but it's reasonable to think that after one offer the price would reflect a takeover premium. >>In your opinion what will the share price do from now till further concrete news is released?>> Again, it's impossible to say but my impression is that the market's initial reaction is often correct i.e. a price in the low 180s is roughly half way between where the price could drop to if a takeover does not happen, and the price at which it might happen. FWIW I've played safe by selling half my holding. |
Posted at 12/7/2007 15:04 by apppp I'm new to this kind of event??Advice needed?? Excuse my ignorance. How long before definite takover decision is made? If the company is taken over for £2 a share is that what holders are payed out, i.e would it be £2. If news of no takover happens would you expect the share price to drop below £1.50 or even further or will it hold value due to the prospect of takover by someone else? In your opinion what will the share price do from now till further concrete news is released? TIA |
Posted at 14/6/2007 09:07 by 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. AO |
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 |
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