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RM. Rm Plc

54.90
1.00 (1.86%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Rm Plc LSE:RM. London Ordinary Share GB00BJT0FF39 ORD 2 2/7P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.00 1.86% 54.90 53.00 56.80 - 844,074 16:35:02
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computers & Software-whsl 219.04M -14.5M -0.1741 -3.10 44.87M
Rm Plc is listed in the Computers & Software-whsl sector of the London Stock Exchange with ticker RM.. The last closing price for Rm was 53.90p. Over the last year, Rm shares have traded in a share price range of 46.00p to 93.80p.

Rm currently has 83,256,000 shares in issue. The market capitalisation of Rm is £44.87 million. Rm has a price to earnings ratio (PE ratio) of -3.10.

Rm Share Discussion Threads

Showing 1 to 14 of 700 messages
Chat Pages: Latest  4  3  2  1
DateSubjectAuthorDiscuss
11/1/2002
09:57
quietly strengthening - getting ready for a "whoosh".
cat
22/12/2001
00:00
How much of their business is made up from supplying hardware?
scripophilist
21/12/2001
11:30
From yesterday's Citywire:

"RM, the supplier of IT to schools and higher education establishments, has signed a deal which it believes demonstrates that the strategy it outlined to the City recently is working, writes Joanne Wallen.

The £800,000 deal is to supply its RM Store Box network computer product to South Lanarkshire Council for use in more than one hundred primary schools in the region.

According to director of corporate affairs Phil Hemmings, the deal demonstrates two prongs of RM’s (RM.) strategy in action.

The first, is that RM said at the time of its final results last month that 2002 would be a ‘new product year’ for RM. Store Box is the first of these new products.

Store Box is essentially a network computer. It provides some fairly sophisticated network applications such as file sharing and the ability to access CD-ROMs from any workstation in what is effectively a black box that needs minimal configuration or management.

The Store Box is aimed particularly at primary schools, which typically have fewer than 100 pupils and ten staff, and which lack the skills or resources to run and manage a sophisticated computer network.

The company will also launch a new version of both its Community Connect networked system, and its Window Box desktop product in 2002, and will announce some other new products at a trade show in January.

The other part of RM’s strategy demonstrated by this deal, is the rationale for its increasing move towards providing a service where RM takes responsibility for running and managing a schools entire systems.

The company won a deal with South Lanarkshire Council in 1998 to provide managed services to schools in its jurisdiction. The original deal was worth £5 million over five years.

Hemmings told Citywire: ‘We argued that these long-term contracts would give us significant opportunity for getting further business from our contracted customers. This news is evidence that our strategy is playing out as we suggested.’

RM currently has some 400 managed services contracts, but the majority of them are with individual schools rather than a complete local authority. Hemmings said schools have increasing autonomy and control of their own funds, and the company has for a long time been used to marketing to, and dealing with, individual schools.
RM was forced to issue a profits warning in September when it realised that sales were not being signed as quickly as it expected. The news sent shares tumbling, but results published last month still showed turnover for the year up 17% to £241.9 million, with profit before tax and goodwill amortisation up 5% to £16.3 million.

Hemmings said the reasons for the shortfall on expectations were complex, but mainly about timing. One issue was that money allocated to schools in April usually has to be spent by the following April, but this year for the first time they have until the following August.

‘We are still in a growth market, and expect the year ahead to show further growth,’ said Hemmings.

Shares were unchanged at 230p, valuing the business at £230.9 million."

Happy New Year ??

tinker
21/12/2001
11:29
From yesterday's Citywire:

"RM, the supplier of IT to schools and higher education establishments, has signed a deal which it believes demonstrates that the strategy it outlined to the City recently is working, writes Joanne Wallen.

The £800,000 deal is to supply its RM Store Box network computer product to South Lanarkshire Council for use in more than one hundred primary schools in the region.

According to director of corporate affairs Phil Hemmings, the deal demonstrates two prongs of RM’s (RM.) strategy in action.

The first, is that RM said at the time of its final results last month that 2002 would be a ‘new product year’ for RM. Store Box is the first of these new products.

Store Box is essentially a network computer. It provides some fairly sophisticated network applications such as file sharing and the ability to access CD-ROMs from any workstation in what is effectively a black box that needs minimal configuration or management.

The Store Box is aimed particularly at primary schools, which typically have fewer than 100 pupils and ten staff, and which lack the skills or resources to run and manage a sophisticated computer network.

The company will also launch a new version of both its Community Connect networked system, and its Window Box desktop product in 2002, and will announce some other new products at a trade show in January.

The other part of RM’s strategy demonstrated by this deal, is the rationale for its increasing move towards providing a service where RM takes responsibility for running and managing a schools entire systems.

The company won a deal with South Lanarkshire Council in 1998 to provide managed services to schools in its jurisdiction. The original deal was worth £5 million over five years.

Hemmings told Citywire: ‘We argued that these long-term contracts would give us significant opportunity for getting further business from our contracted customers. This news is evidence that our strategy is playing out as we suggested.’

RM currently has some 400 managed services contracts, but the majority of them are with individual schools rather than a complete local authority. Hemmings said schools have increasing autonomy and control of their own funds, and the company has for a long time been used to marketing to, and dealing with, individual schools.
RM was forced to issue a profits warning in September when it realised that sales were not being signed as quickly as it expected. The news sent shares tumbling, but results published last month still showed turnover for the year up 17% to £241.9 million, with profit before tax and goodwill amortisation up 5% to £16.3 million.

Hemmings said the reasons for the shortfall on expectations were complex, but mainly about timing. One issue was that money allocated to schools in April usually has to be spent by the following April, but this year for the first time they have until the following August.

‘We are still in a growth market, and expect the year ahead to show further growth,’ said Hemmings.

Shares were unchanged at 230p, valuing the business at £230.9 million."

Happy New Year ??

tinker
10/12/2001
09:48
luverly job
thanks Tinker.

cat
10/12/2001
09:42
From today's Mail: "Tony Blair will today announce a £210m plan to put computers at the heart of classroom learning. The Prime Minister is determined to greatly increase pupils' use of the Internet and digital television. . . The Government will provide £50million for the scheme with the BBC injecting £160million. media companies such as Granada & Pearson will develop software to take advantage of computer facilities already being put in place by local authorities."

Presumably, RM will get a piece of this pie?

tinker
07/12/2001
13:50
No not being sarky. Just referring to lack of info on Sharescope. Read thread. Very promising. Thanks for info.
tinker
07/12/2001
11:22
Tinker - are you being sarky re NAE?
Have a read of the thread.
Broker's forecasts are likely to be upgraded.
House broker is BDolphin.

cat
07/12/2001
11:06
PS Seen the spread on RM? 11%
tinker
07/12/2001
11:03
Thanks. Got a lot of time for Holway. Used to be a competitor of mine in the 70's (b*st*rd). Called the tech bubble burst before anyone else and predicted Techmark beginning with a 2 when it was a 4.

Am in iSoft and looking at Torex on the basis "if you can't find the needle, buy the haystack". Who else stands to gain in the health sector?.

Also looking at RM and Nord Anglia but can't find much on the latter. My Sharescope screen shows no brokers (must be at least 1?) and no projections, PE etc. Any reason why?

tinker
06/12/2001
15:46
he does not say exactly but comments: "From 2000 through to 2004 the AVERAGE (his capitals) annual growth rate will be more than a third higher than that of the commercial sector - 11.7% compared with 8.6% - and 50% higher than the overall software and IT services market growth rate. By 2004 we predict that the overall public sector software and IT services market will be lager than the banking/finance sector, which was a driving force in IT services through most of the 90s."

I have just bought iSoft (health) to compliment RM (education). I have been tempted by Torex but continue to worry that they have expanded too quickly and know some of the players they bought...been saying that since they were £3.

cat
06/12/2001
13:59
Cat

Was Holway referring to 2001 for the 2.5 times growth? What about 2002?

tinker
05/12/2001
14:17
- Health and Education according to Richard Holway in this month's System House, are the fastest growing outsourcing sectors ...and - - "in 2001, the public sector IT services market in the UK will grow at 2.5 times the rate of the services market in the commercial sector".
RM could well be one of the purest plays on the IT service offerings for the education sector. With 8 years of unbroken revenue growth and apart from a glitch in 2000, the same for profits,(Last year the Profit was hit by £5.4m exceptional cost due to an aborted project in NIreland.) the story at RM is pretty compelling.

I've been watching them for 12m or so, as a "high tech" complement to NAE. They did indeed have a setback last year which put me off :
"due to changes in the way gov. funding (via the Standards Fund) for ICT is being distributed, resulting in extended sales cycles as decision making passed from LEAs to individual schoools" - some spend therefore being deferred out of RM's FY" (R.Holway)
As Holway points out, if RM can sell to the new decision makers then their First Half will benefit as schools have to spend their funding by 08/02. RM has a number of new products ready for launch at the same time as new money via the Standards Fund mentioned above is due to jump by 45%

Locally we are seeing huge investment in IT with one state of the art school in particular, stuffed to the gills with IT investment.

RM's latest numbers showed turnover up 17% to £241.9m, PBT up 60% to £15.2m, a forward order book already at £110m and £21m cash.
Holway again: "RM is in an enviable position compared to many S/ITS comapnies right now"

dyor etc.

cat
05/12/2001
14:16
- Health and Education according to Richard Holway in this month's System House, are the fastest growing outsourcing sectors ...and - - "in 2001, the public sector IT services market in the UK will grow at 2.5 times the rate of the services market in the commercial sector".
RM could well be one of the purest plays on the IT service offerings for the education sector. With 8 years of unbroken revenue growth and apart from a glitch in 2000, the same for profits,(Last year the Profit was hit by £5.4m exceptional cost due to an aborted project in NIreland.) the story at RM is pretty compelling.

I've been watching them for 12m or so, as a "high tech" complement to NAE. They did indeed have a setback last year which put me off :
"due to changes in the way gov. funding (via the Standards Fund) for ICT is being distributed, resulting in extended sales cycles as decision making passed from LEAs to individual schoools" - some spend therefore being deferred out of RM's FY" (R.Holway)
As Holway points out, if RM can sell to the new decision makers then their First Half will benefit as schools have to spend their funding by 08/02. RM has a number of new products ready for launch at the same time as new money via the Standards Fund mentioned above is due to jump by 45%

Locally we are seeing huge investment in IT with one state of the art school in particular, stuffed to the gills with IT investment.

RM's latest numbers showed turnover up 17% to £241.9m, PBT up 60% to £15.2m, a forward order book already at £110m and £21m cash.
Holway again: "RM is in an enviable position compared to many S/ITS comapnies right now"

dyor etc.

cat
Chat Pages: Latest  4  3  2  1

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