Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Rm Plc | RM. | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -3.00 | -3.75% | 77.00 | 16:35:05 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 80.00 | 80.00 | 80.00 | 77.00 | 80.00 |
| Industry Sector |
|---|
| SOFTWARE & COMPUTER SERVICES |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 15/02/2022 | Final | GBP | 0.03 | 17/03/2022 | 18/03/2022 | 29/04/2022 |
| Top Posts |
|---|
Posted at 04/7/2024 15:14 by masurenguy RM will announce its half year results for the 6 months ended 31 May 2024 on Tuesday 16 July 2024. |
Posted at 10/4/2024 07:24 by robin_lemer As pointed out by she-ra Avalon is a BVI company owned by Faria.org . Faria are a company who supply schools in a number of countries with educational services. Interestingly TA a private equity company who invested an undisclosed sum of money in Faria in June 2022. Shortly after Faria started to build it's stake in RM. In August 2023 they increased their stake from just over 8% to 17%. Obviously they could not have built this stake without the tacit agreement of TA.All this strongly suggest a takeover bid is coming. Furthermore through this period Harwood have been increasing their holding. I believe there are exciting time ahead. |
Posted at 24/11/2023 10:20 by simon gordon Tech Market View - 24/11/23EdTech focused RM to close Consortium business RM plc has announced it will close its Consortium business, part of the RM Resources division, from the end of December. RM completed the acquisition of Consortium (the Connect Education & Care business of Connect Group plc) in June 2017 for a purchase price of £56.5m. Prior to the acquisition (year ended 31 August 2016) Consortium had revenues of £64.8m and an operating profit of £7.8m (see RM: A good deal in a challenging market). At the time we said, if managed correctly, the deal should bring key benefits to RM. There were strong synergies with its curriculum resources business TTS, product and channel optimisation opportunities, greater access to the secondary school and multi-academy trust markets, and international growth potential. It is fair to say, things did not go to plan. Integration related issues were apparent soon after the acquisition and although RM took steps to address them it was soon hit by the additional impact of COVID-19. Sales of consumables were materially lower over the periods of lockdown. However, it was Project Evolution, which comprised the implementation of a new Group-wide IT platform, that was the nail in the coffin for Consortium. The Project to replace legacy core systems, deliver warehouse automation, cloud-based ERP and e-commerce functionality was initially planned to complete in 2021 but suffered significant delays and cost overruns. In 2022, RM warned this implementation, which initially focused on improving delivery in Consortium, was having a significant impact on warehouse throughput and system / process optimisation and customer confidence (see IT implementation hits profit at RM). Consortium revenue fell 26% to £33.6m in FY22 (see A difficult year for RM). The decision was subsequently made to restrict ‘EvolutionR In H1 FY23, Consortium revenue was down 58% to £6.7m (H1 FY22: £16.0m) and management warned that it was a challenge to improving the financial performance of RM as a whole and clouded the value of the rest of the Group (see RM's challenges continue in H1). New CEO, Mark Cook, implemented a Transformation Programme, with an initial focus on stabilising the business. This included a detailed review of RM’s portfolio to identify core areas of the business which were best placed to capitalise on EdTech opportunities. The decision has now been taken to close Consortium and make a material write off of the carrying value of the business and its related assets as a non-cash item. Full details of RM’s strategic roadmap are expected in the new year; however, Cook commented that he is confident the new strategy, ”will shape RM into a pioneer of education technology”. The ongoing issues at Consortium, meant Cook was left with little option but to take this difficult decision. Operational issues were taking too long to resolve, consuming too much money and damaging the trust of customers. A more technology focused RM raises questions about the future of TTS, but this is the right approach for what was one of the original EdTech pioneers. Its RM Assessment business has been the bright spot for the Group, but RM Technology has struggled to achieve significant and sustainable growth. A lot rides on the success of the new strategy. |
Posted at 15/5/2023 14:59 by sspurt Rockwood pushing RM in their current roadshow. Maybe we will get a trading statement sometime soon rather than wait until August for the interims. |
Posted at 11/1/2023 10:28 by sspurt New CEO, Mark Cook, is a turnaround specialist by all accounts, most recently at Capita. Must be more to go at RM I guess - I was hoping we were coming out of the woods anyway. |
Posted at 06/1/2023 19:19 by geoffw999 "Aston Girl28 Dec '22 - 07:38 - 190 of 194Good morning, I see that RM. will realise $10.2m for the sale of c294,000 IP addresses The cash proceeds will be “used to strengthen the balance sheet” I bought in near the start of December 44-45p on the news of their £16m disposal.The potential is hopefully there as they continue to dispose of non core assets (while also sorting out their disastrous IT implementation) High risk tho & not for widows and orphans" What is your source for this information (re sale of IP addresses for $10.2m)? I can find no other mention of it. |
Posted at 28/12/2022 07:38 by aston girl Good morning, I see that RM. will realise $10.2m for the sale of c294,000 IP addressesThe cash proceeds will be “used to strengthen the balance sheet” I bought in near the start of December 44-45p on the news of their £16m disposal.The potential is hopefully there as they continue to dispose of non core assets (while also sorting out their disastrous IT implementation) High risk tho & not for widows and orphans |
Posted at 03/11/2022 10:47 by smithie6 merge the 2 companies ?& then Theorodore-King's company helps RM. thru this dip it is going thru ? & have a bigger range of products, more sales outlets, cross selling opportunities....etc etc & T-K could see a financial valuation put on his education company Faria, which imo is currently not listed. |
Posted at 03/11/2022 09:22 by tommygunn21 https://www.faria.or |
Posted at 23/8/2022 08:09 by tomboyb (Alliance News) - RM PLC shares dropped on Tuesday after the company skipped its interim dividend, reported a swing to loss, and warned on profit in the short-term.RM shares were trading 31% lower at 68.30 pence on Tuesday morning. RM is an Abingdon, England-based provider of technology and resources to education sector. It swung to a pretax loss of GBP7.2 million in the six months to May 31 from a profit of GBP2.9 million a year before. Operating expenses jumped 38% to GBP40.6 million from GBP29.4 million, but revenue grew by just 4.4% to GBP100.3 million from GBP96.1 million. The company attributed the revenue growth to strong international sales in its RM Resources unit, as well as a full series of UK school exams. Nonetheless, RM said revenue was below expectations: "It is worth noting that revenue was lower than anticipated, held back by the short-term impact in RM Resources of delayed shipments at the end of the period due to the implementation of the new IT platform." RM decided to skip its interim dividend, due to the elevated costs and timeline associated with the deployment of its IT platform. The firm paid an interim dividend of 1.7 pence a year ago. Looking ahead, the company warned of challenging headwinds, such as inflation and high energy costs. RM said that the IT implementation coupled with the current macroeconomic challenges will "dilute" profit conversion in the short-term. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
