Rm Share Discussion Threads

[cool hand kev] 11/9/2002 00:59

1.6 M Sells ? and the price remains unchanged have they been absorbed my the management and/or schroders ?

[woozle1] 29/8/2002 00:47

Andy Brough at Schroders has effectively taken out all the loose stock .. also management have been buying back stock too .. the technical position in the shares looks pretty good .. unless they come out with some more bad news ..

[grosvenor] 24/8/2002 00:24

DOES ANYONE HAVE ANY MORE INFO ON THIS?

RNS Number:3291A
Schroders PLC
23 August 2002

FORM SAR 3

Lodge with a RIS or Newstrack and the Takeover Panel. A copy must also be sent
to the company the shares of which are acquired.

Date of disclosure: 23/08/02

DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING SUBSTANTIAL ACQUISITIONS OF
SHARES ("SARs")

Date of acquisition 22/08/02

Acquisition in RM Plc
Number of shares over shares If rights over shares acquired, as
(1) Class of voting shares acquired opposed to the shares themselves,
(e.g. ordinary shares) specify nature of rights

2p ordinary shares 641,000 shares






Resultant total holding of rights Total percentage
(2) Resultant total holding over shares (and % of total
of voting shares (and % of total voting shares in issue)
voting shares in issue)

16,047,991 shares (17.684%)
(17.684%)


(3) Party making disclosure Schroders plc
Schroders plc on behalf of institutional clients on
(4) (a) Name of person acquiring a non-beneficial basis
shares or rights over shares and, if
different, beneficial owner


(b) Names of any other persons
acting by agreement or understanding (see SAR
5)


Signed, for and on behalf of the party named in (3) above

(Also print name of signatory) Alison Dunn

Telephone and extension number 020 7658 2959 (Direct line)

___________________________

Note. Under SAR 5, the holdings of and acquisitions by persons acting by
agreement or understanding must be aggregated and treated as a holding of or
acquisition by one person. Note 3 on SAR 5 requires persons who must aggregate
holdings to disclose certain disposals.

For full details of the SARs disclosure requirements, see Rules 3 and 5 of the
SARs. If in doubt, contact the Panel on Takeovers and Mergers, Tel. No.: 020
7638 012




This information is provided by RNS
The company news service from the London Stock Exchange

END

SADBXLFLLVBZBBQ

[johnpaul1] 19/7/2002 14:22

big base formed - expect breakout either way at some point.

[dondee] 08/7/2002 16:26

o what's the big problem with this co. Why have the shares rumbled along the floor for nearly 6 months.

[johnpaul1] 03/7/2002 10:27

these shares don't seem to want to budge past 70p even in these bad times. thats a good omen for me.

[woozle1] 14/6/2002 09:30

There are some pretty sharp guys buying the stock in size; namely, Andy Brough of Schroders IM. As an independent minded analyst, I like RM because:

- 02 and 03 numbers are in the bag due to cost saves
- the company has a fantastic brand that will enable it move into non tech parts of the education business e.g outsource schools management and managing exam boards (see the mess at Edexcel)
- the compnay has a tonne of cash which will allow to maintain the dividend for the next two years and will yield 6%
- the new CEO is sharp and not complacent, like Richard Gerling the previous CEO
- if the stock fell too much further i.e between 50-60p, I think that Capita would be very interested in bidding. The combination of Capita nd RM would be awesome in the education outsource market
- management have aligned the cost base to reflect the success of the BBC in the managing the Govt's curriculum online

[grosvenor] 12/6/2002 17:58

some significant buys today - including one that was late posted

[carl1] 10/6/2002 22:42

You mean Viglen

[halfpenny] 07/6/2002 16:10

no chance it will drop further....just wait and see....as it can't beat the BBC..

[empirestate] 07/6/2002 10:32

alright chaps off we go then for a run to the mid 80's

[grosvenor] 05/6/2002 15:36

RM : immediate comment
Date: 28/05/02
Short Term Recommendation: Buy
Long Term Recommendation: Buy
EPIC: RM.
Price: 79p
Market Cap: 75

Interim results

Losses were greater than expected which may worry some investors. However, the cash position has improved and the strategic review will better align the cost base with prospects to generate profits next year. BUY


Revenues of £89m were around 10% lower than expectations (EI forecast £100m) and losses were greater. As anticipated, there were exceptional charges relating to redundancies which should result in annualised cost savings of £3m next year.
The cash position was much better than expected due to better working capital management, in particular a £30m increase in creditors. As a result, RM has maintained its dividend and should help maintain support from the stock from yield-hungry investors.

The BBC has submitted its proposal to develop its education portal and RM, along with a number of other content providers, will oppose this move through the courts.
There is an analysts' meeting at 9.30 am.

[scripophilist] 06/2/2002 16:27

Sorry guys, but sometimes I can't comment.

[tinker] 06/2/2002 14:14

From today's Telegraph:

RM delays cause miserable new year

BACK in late November last year, Questor advised holders of RM Software shares to sell in the new year when the stock would receive its annual fillip. Every January the group showcases its new products at the industry's annual trade show.

Investors who followed this advice could have sold out last month at around 300p and may have made a decent profit. Those unfortunates who stayed in were holding shares worth just 92.5p yesterday.

RM stock dived 59pc over the session after the educational software and hardware provider warned that profits for the year to September would probably be less than half last year's figure of £16.3m.

Part of the problem was that two of the flash new products unveiled at that trade fair have been delayed - Community Connect 3 and SuccessMaker Enterprise will not arrive until later in 2002, which will hamper full-year sales.

Unfortunately, it is not just short-term glitches that are afflicting the business. RM has seen a shift towards certain products like laptops and whiteboards, neither of which it assembles, meaning that it only makes a reseller's margin.

It still commands 35pc to 40pc of the hardware and software market for schools but the market is changing as schools splurge money on broadband access, providing sales for the likes of BT Group, but not RM.

Even more worrying is the BBC's threatened full-scale entry into the educational market. Final proposals to government seem imminent and a betting person would back Auntie Beeb over little old RM in that argument.

The company's market value is now less than £90m and even at that level the shares are trading on 26 times earnings. The new chief executive has said he will consider a sale but that's no reason to buy the shares. Avoid.

[martini] 05/2/2002 14:31

Cat
Have to say I nearly got interested when you posted but held back.
Your track record stands so no apologies needed IMO.
Hopefully most here are big boys and live with their own decisions.
M

[tinker] 05/2/2002 14:24

Cat, not your fault, but at least you told us when you were getting out and Holway got it wrong too. But it does still make me nervous to see such a fall in price when bad news comes out. Still best to avoid tech stocks methinks in this climate (says he, long in iSoft and Alterian !)

[cat] 05/2/2002 13:40

how embarrassing...sorry folks

[pommy] 05/2/2002 10:24

And so finishes the event.
He peers towards the horizon
"Oh look theres Scrip" he thinks

"Hey Scrip give us your views on RM?"

:-))

[scripophilist] 05/2/2002 09:50

This was never a buy guys. Had it marked on my short list for a long time.

[spectoacc] 05/2/2002 00:47

Oops, there goes another 7m at 70p from an hour ago, jeez. How the heck are the MMs going to shift those?

[aghumra] 05/2/2002 00:41

Martini,

Why would they C-trade on sells?

[mug punter] 05/2/2002 00:29

Will IOT be the next one of these "government initiative" plays to warn ?

>>

[spectoacc] 05/2/2002 00:19

Martini - spot on IMO, until I see MMs shift over 4m of sells from this am, not a long IMO.

Of course, any trades that do shift the huge overhang may be delayed. I'm hoping to get it for 50p tomorrow though. If not, then not.