Rm Share Discussion Threads

[robin_lemer] 10/4/2024 08:24

As pointed out by she-ra Avalon is a BVI company owned by Faria.org . Faria are a company who supply schools in a number of countries with educational services. Interestingly TA a private equity company who invested an undisclosed sum of money in Faria in June 2022. Shortly after Faria started to build it's stake in RM. In August 2023 they increased their stake from just over 8% to 17%. Obviously they could not have built this stake without the tacit agreement of TA.All this strongly suggest a takeover bid is coming. Furthermore through this period Harwood have been increasing their holding. I believe there are exciting time ahead.

[thaiger] 05/4/2024 09:28

Only blue amongst the Red Sea!

[she-ra] 28/3/2024 15:34

hxxps://www.faria.org/ This is the company

[she-ra] 28/3/2024 13:56

Makinbuks - They're in education. Technology company.

[robin_lemer] 14/2/2024 12:48

Interesting.

A large block of shares changing hands, will it be Harwood or Avalon increasing their holding

[makinbuks] 28/11/2023 15:49

Do we know who Avalon UK Limited are ? 18% stakeholder

[simon gordon] 24/11/2023 10:20

Tech Market View - 24/11/23

EdTech focused RM to close Consortium business

RM plc has announced it will close its Consortium business, part of the RM Resources division, from the end of December.

RM completed the acquisition of Consortium (the Connect Education & Care business of Connect Group plc) in June 2017 for a purchase price of £56.5m. Prior to the acquisition (year ended 31 August 2016) Consortium had revenues of £64.8m and an operating profit of £7.8m (see RM: A good deal in a challenging market). At the time we said, if managed correctly, the deal should bring key benefits to RM. There were strong synergies with its curriculum resources business TTS, product and channel optimisation opportunities, greater access to the secondary school and multi-academy trust markets, and international growth potential. It is fair to say, things did not go to plan.

Integration related issues were apparent soon after the acquisition and although RM took steps to address them it was soon hit by the additional impact of COVID-19. Sales of consumables were materially lower over the periods of lockdown. However, it was Project Evolution, which comprised the implementation of a new Group-wide IT platform, that was the nail in the coffin for Consortium.

The Project to replace legacy core systems, deliver warehouse automation, cloud-based ERP and e-commerce functionality was initially planned to complete in 2021 but suffered significant delays and cost overruns. In 2022, RM warned this implementation, which initially focused on improving delivery in Consortium, was having a significant impact on warehouse throughput and system / process optimisation and customer confidence (see IT implementation hits profit at RM). Consortium revenue fell 26% to £33.6m in FY22 (see A difficult year for RM). The decision was subsequently made to restrict ‘EvolutionR17; rollout to the Consortium business rather than the Group as a whole.

In H1 FY23, Consortium revenue was down 58% to £6.7m (H1 FY22: £16.0m) and management warned that it was a challenge to improving the financial performance of RM as a whole and clouded the value of the rest of the Group (see RM's challenges continue in H1). New CEO, Mark Cook, implemented a Transformation Programme, with an initial focus on stabilising the business. This included a detailed review of RM’s portfolio to identify core areas of the business which were best placed to capitalise on EdTech opportunities. The decision has now been taken to close Consortium and make a material write off of the carrying value of the business and its related assets as a non-cash item.

Full details of RM’s strategic roadmap are expected in the new year; however, Cook commented that he is confident the new strategy, ”will shape RM into a pioneer of education technology”.

The ongoing issues at Consortium, meant Cook was left with little option but to take this difficult decision. Operational issues were taking too long to resolve, consuming too much money and damaging the trust of customers. A more technology focused RM raises questions about the future of TTS, but this is the right approach for what was one of the original EdTech pioneers. Its RM Assessment business has been the bright spot for the Group, but RM Technology has struggled to achieve significant and sustainable growth. A lot rides on the success of the new strategy.

[simon gordon] 24/11/2023 08:22

In 2022, Consortium did £33.6m down from £45.3m.

[kemche] 09/8/2023 20:33

Never fails to disappoint.

[sspurt] 16/5/2023 15:28

...maybe at the AGM next week. 🤞🤞

[sspurt] 15/5/2023 15:59

Rockwood pushing RM in their current roadshow. Maybe we will get a trading statement sometime soon rather than wait until August for the interims.

[wigwammer] 08/5/2023 10:10

Essential investor - so turns out my posts weren't darkly ironic, but pretty much bang on right... btw the Mcbride you also criticised me about has now returned around 100% over the last 10 months. ATB

[wigwammer] 08/5/2023 10:02

So with the shares at 81p now, it appearsthey were good value at 51p on the 25th august, jotcha.... And even better value when they fell further and I bought more... Funny how these smart asses disappear when proven wrong... "I belief ESS inv is trying to point out that on the 25th aug you stated the share price was good value , when in fact it was well overpriced , and has now fallen further , so probably best not to come over as some kind of guru."

[sspurt] 18/4/2023 14:11

Nice to see these still running in the right direction. Was that a golden cross forming in March? Or do we need to wait for the 200 day to start sloping upward as well?

[qs99] 13/3/2023 09:48

Big increase in stake, vote of confidence IMO! DYOR

[dylanl2] 11/1/2023 18:13

Some might question whether he's turned Capita round! Let's see ...

[sspurt] 11/1/2023 10:28

New CEO, Mark Cook, is a turnaround specialist by all accounts, most recently at Capita. Must be more to go at RM I guess - I was hoping we were coming out of the woods anyway.

[geoffw999] 06/1/2023 19:19

"Aston Girl28 Dec '22 - 07:38 - 190 of 194
Good morning, I see that RM. will realise $10.2m for the sale of c294,000 IP addresses
The cash proceeds will be “used to strengthen the balance sheet”
I bought in near the start of December 44-45p on the news of their £16m disposal.The potential is hopefully there as they continue to dispose of non core assets (while also sorting out their disastrous IT implementation)
High risk tho & not for widows and orphans"

What is your source for this information (re sale of IP addresses for $10.2m)? I can find no other mention of it.

[nicholasblake] 03/1/2023 16:32

Seems odd that disposal circular yet to appear a month later?

Maybe shoring up working capital statement?

[smithie6] 28/12/2022 08:32

grinding upwards

how much of the previous price of 250p will it claw back ?

75-100p should be fairly easy imo in the short term....& then start looking at >100p, but that will need the news from the future....

[wigwammer] 28/12/2022 08:18

Taking profit..

[wigwammer] 28/12/2022 08:18

Perhaps you should have listened, jotcha... "I belief ESS inv is trying to point out that on the 25th aug you stated the share price was good value , when in fact it was well overpriced , and has now fallen further , so probably best not to come over as some kind of guru."

[aston girl] 28/12/2022 07:38

Good morning, I see that RM. will realise $10.2m for the sale of c294,000 IP addresses

The cash proceeds will be “used to strengthen the balance sheet”

I bought in near the start of December 44-45p on the news of their £16m disposal.The potential is hopefully there as they continue to dispose of non core assets (while also sorting out their disastrous IT implementation)

High risk tho & not for widows and orphans

[nicholasblake] 22/12/2022 12:08

Theodore King?

[geoffw999] 21/12/2022 15:46

Shares back above 50p today for the first time since the Aug 22 price collapse.