Rm Share Discussion Threads

[wigwammer] 25/8/2022 17:02

Shares moving from those who don't want them, to those that do (in large quantities).. ATB

[tomboyb] 25/8/2022 12:22

Whoever has dumped, imo has got a pretty good price -

Unfortunately, this will fall below 50p unless a large swathe of buyers start buying -

[tomboyb] 25/8/2022 11:54

Online there is 800k available at 52.84p in one swoop for £424,000 -

This will fall further -

[tomboyb] 25/8/2022 10:55

1.4mill sell -

If there is a seller around you might as well wait -

[wigwammer] 25/8/2022 10:03

Large volumes going through today. Seller out, perhaps... looks great value at this level IMO :)

[c3479z] 23/8/2022 16:28

not enough reliable loyal software staff, one suspects...

[dylanl2] 23/8/2022 15:48

Bit of a shambles, called this badly...wonder if there's an element of getting all the bad news out, bloody well hope so!

[cpgrang] 23/8/2022 09:42

It's not a big holding and it has already managed to reduce its significance in my portfolio of its own accord!

[tomboyb] 23/8/2022 09:23

Borrowings have increase significantly -

I don't think too many will look to take a risk at these levels, but I wish you luck -

[tomboyb] 23/8/2022 08:09

(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.

[tomboyb] 23/8/2022 07:52

Borrowings, IT issues causing large cash outflows -

Positives the pension deficit reduction -

Increased net debt and a decline in operating performance has led to a net debt/EBITDA ratio outside of our existing covenants at 31 May 2022. However, our lending banks are supportive of the business and its future prospects and accordingly have agreed to increase the net debt to EBITDA leverage covenant to 3.0x from 2.5x for the May and November 2022 period end tests whilst the IT programme spend remains elevated.

This could fall much further -

[tomboyb] 23/8/2022 07:39

These are real sh*t results -

Jeeze -

[cpgrang] 23/8/2022 06:58

Issues with their IT implementation may have something to do with his departure. Poor set of results just released, would have thought they warranted a profit warning earlier?

[cpgrang] 21/7/2022 07:17

Very little news flow and in particular no date for the interims yet, when they were announced July 6th last year with the date set on June 23rd. This, along with the CFO impending departure is making me a little nervous.

[typo56] 08/6/2022 14:36

Perhaps ask why Mark Berry leaving as CFO. He was only appointed at interim CFO in Feb last year, before being made permanent in Sept.

They look cheap here, if they can really hit broker forecasts.

[robertjevans] 08/6/2022 14:28

Big drop in share price over the last 2 days (circa -25%)
Now trading below the bottom of the initial Covid crisis.
Possibly investors getting impatient or maybe hitting stop losses.
Unless something has gone very wrong behind the scenes then this looks oversold big time.
With schools back to normal and with catch up budgets the profits should be increasing.
Trading statement should be out in early July.
I'm adding to my holding at this price.

[dylanl2] 08/6/2022 08:17

Agreed, got in too early, terrible planning but will sit and watch

[nchanning] 08/6/2022 07:49

Seems like a value trap here with a constant turnover of the management and big holders exiting . Maybe wait for the inevitable profit warning before picking the bottom

[matthew palmer] 08/5/2022 13:11

Anyone on TECHINVEST, I am wanting to form a group of similar minded people to discuss its views etc and information.

Click my name and send a note.

[matthew palmer] 08/5/2022 12:47

Anyone on TECHINVEST, I am wanting to form a group of similar minded people to discuss its views etc and information.

Click my name and send a note.

[simon gordon] 12/4/2022 08:36

Tech Market View - 12/4/22:

New MD for RM Technology

It was only a week ago that we wrote about RM enhancing its industry expertise with the appointment of Chris Rothwell as Group Strategy and Customer Director. Today, the education technology and resources business has announced another appointment. It has named Jason Tomlinson as Managing Director (MD) of its Technology Division, leading the division’s 800 employees.

The appointments follow the announcement of a strategy reset earlier this year by RM CEO, Neil Martin, aimed at driving sustainable growth. The reset is based on the overarching objectives of reaching more customers; improving its share of customer spend; operational excellence; attracting and retaining talent; and maintaining strong financial discipline (see RM resets for growth).

Tomlinson brings a range of technology and operational expertise – “in Strategy, Go to Market (GTM), Product, Engineering and Operations”. He lands from NTT where he was, most recently, NTT’s Global SVP of Strategy and Product for its Cloud and Managed Serviced division.

John Baskerville has been MD of the Technology business (previously RM Education) since May 2020. He will now focus purely on leading the Assessment business (previously RM Results) – a business he has led since joining the company from Sopra Steria in 2017. Tomlinson will build on RM’s commitment to drive digital progress and positively impact teachers, pupils, and staff, in the education sector across England, Scotland, and Wales.

[its the oxman] 16/2/2022 12:23

Other option that could gather momentum is some pressure from larger shareholders to see rm sold and a new management perhaps to drive the business forward.

[its the oxman] 16/2/2022 12:19

Forward pe of 8 according to stockopedia, looks way too low for what has been a quality operator, suggests good upside from here. Seems very out of favour tho. Management need to up their game, get the RM story across and deliver and hopefully beat the improving numbers. Schools and exams getting back to normal must be a big help. Should be 100p higher but it's not. Smallish position but tempted to add.

[essentialinvestor] 15/2/2022 20:29

Mentioned the net debt increase here a few weeks back.

Confirmation of that on today's FY results.

Best hope is this is taken out by someone.