Rm Share Discussion Threads

[doodle1] 02/12/2022 21:54

Big buyer in the background

[geoffw999] 02/12/2022 18:50

Others please join in... RM shares were up about 10% on Mon this week when they announced the sale of two non-core (not really but you can make a case for it) business units. Today, up another 9% on the back of no news at all. Maybe the MMs know something we don't?

[geoffw999] 28/11/2022 11:17

Press release this am of sale worth up to £16m:

RM plc: Proposed sale of the RM Integris and RM Finance Business

hxxps://www.rmplc.com/pdf/web/viewer.html?file=/-/media/PDFs/RM-Plc/News/FY22/November/Acorn-RNS-FINAL.pdf

[wigwammer] 28/11/2022 08:44

Nearly 50% up on my average price here now. I forgive the doubters :)

[doodle1] 24/11/2022 09:40

MMs are fishing for sellers - is there a large buy order needing filled?

[doodle1] 24/11/2022 09:31

something is afoot!

[geoffw999] 12/11/2022 09:29

In reply to "Smithie610 Nov '22 - 14:11 - 175 of 175.
you understand why
"Configuration of SaaS licenses £7.7m"
is so high ??
it seems nuts
I thought SaaS was a pay as you go service, without a big upfront licence payment.
The transparency from the co. to investors doesn't appear to be very good imo."

No, doesn't make sense to me either and the numbers (for a company of this size) are huge. It is mentioned a few times in the reports but without any detailed explanation and there's no clues as to whether there's more to come.

Same as for the warehousing costs.

All that said, I invested near the recent low and will hold for now.

[smithie6] 10/11/2022 14:11

you understand why
"Configuration of SaaS licenses £7.7m"
is so high ??

it seems nuts
I thought SaaS was a pay as you go service, without a big upfront licence payment.

The transparency from the co. to investors doesn't appear to be very good imo.

[geoffw999] 10/11/2022 13:53

"Smithie68 Nov '22 - 08:32 - 173 of 173
anyone know how much the warehouse project has cost & how much money per year it is expected to save ? (increasing profits) (1 new warehouse to replace 5)"

No. But I did note 4 "adjustments" to the Income Statement in the 2022 Interim Report:
Amortisation of acquisition related intangibles £1.0m
Restructuring costs £0.0m
Dual running costs relating to investment strategy £2.8m
Configuration of SaaS licenses £7.7m

I'm 95% sure the third item alludes to dual warehousing ("running") costs in the first six months of the FY. [Personally, I'm more worried about the fourth, nearly 8 mill on SaaS!].

This follows on from the previous FY "£7.0m of costs incurred during FY21 in relation to the implementation of our new IT platform have been expensed following the implementation of new Software as a Service (“SaaS”) accounting guidance. £2.6m Amortisation of acquisition intangibles, dual running and one-off property costs".

So the previous FY and recent HY numbers are a bit muddled but we do have a sense of scale of the £spent. I haven't been able to find any profitability forecast for the new warehouse in any of RM's recent public documents.

HTH.

[smithie6] 08/11/2022 08:32

anyone know how much the warehouse project has cost & how much money per year it is expected to save ? (increasing profits)

(1 new warehouse to replace 5)

[smithie6] 06/11/2022 14:54

anyone want to post any calcs. for how they value this company, for this week & in say 1 year ?

(& how that compares with the current cap. value)

-----

renumeration committee
competent or incompetent ?

bonuses paid to the CEO for the last 2 financial years = £641k

...while the sh. price has collapsed !

Proves that the renum. committ. were/are incompetent imo.

------

EPS averaged over the last 5 financial years is
~20p !!

1/2 the current sh. price !!!

[me ole china] 04/11/2022 16:13

Most probably, loads delayed reporting big buys. MMS do not want the show the big buys, they will put a stop on live reporting.

A lot of people now know Avalon is a big buyer and MM most probably has to fill the buy orders.

[doodle1] 04/11/2022 16:12

agree - MMs actually seem desperate for sellers the way they keep upping the bid price

[smithie6] 04/11/2022 16:09

moved up notable % on low volume

few sellers

interesting

[babbler] 04/11/2022 15:07

or much longer either. Stupid phone.

[babbler] 04/11/2022 15:07

Bad typing lol. This won't be below 40 luch longer.

[tommygunn21] 04/11/2022 14:51

Well he contradicted himself. I'm just happy the right people in Harwood and a trade buyer are buying. This stock won't be around much longer.

[complex machinery] 04/11/2022 14:40

This is exactly what he said.

Today buy volume is not included in the rns.

[tommygunn21] 04/11/2022 14:32

No they didn't mate. The TR-1 relates to the 1m they bought @ 27.5p on the 2nd November. The RNS clearly states the date the threshold was crossed which was 2nd NovYou have 48hrs from trade date to disclose your holding if you go above a percentage point. Todays volume I have already explained.

[babbler] 04/11/2022 14:24

Imo. As they took some on the 2nd too. Await rns for today's buys.