Rm Share Discussion Threads

[wigwammer] 30/8/2022 15:43

The pension positions - both IAS and actuarial - are shown in the last accounts.. -- "31 May 2021 Pension triennial concluded with scheme deficit reducing from GBP46.5m to GBP21.6m (IAS19accounting basis is a surplus of GBP38.7m)"... clearly market fixated on debt, and ignoring the highly material positive change in pension funding.

[nicholasblake] 30/8/2022 10:34

The real pension position can be ascertained by checking the level of annual past service contributions, if any.

[wigwammer] 30/8/2022 09:12

Currently, the accounting pension surplus nearly covers the market cap. Yes they have taken on some debt, but the EV calculation including that surplus looks crazy low for a £200m+ revenue software group.

[wigwammer] 30/8/2022 08:27

Artemis buying, blackrock selling.

[wigwammer] 25/8/2022 18:02

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

[tomboyb] 25/8/2022 13:22

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 12:54

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

This will fall further -

[tomboyb] 25/8/2022 11:55

1.4mill sell -

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

[wigwammer] 25/8/2022 11:03

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

[c3479z] 23/8/2022 17:28

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

[dylanl2] 23/8/2022 16:48

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 10:42

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 10:23

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 09:09

(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 08:52

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 08:39

These are real sh*t results -

Jeeze -

[cpgrang] 23/8/2022 07:58

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 08:17

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 15:36

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 15:28

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 09:17

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

[nchanning] 08/6/2022 08:49

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 14:11

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 13:47

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.