Rm Share Discussion Threads

[simon gordon] 12/4/2022 09:36

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.

[dylanl2] 11/2/2022 09:28

In today, watched for a while

[its the oxman] 09/2/2022 09:35

Seems a bargain in the 170s but no buyers I guess.

[thaiger] 17/1/2022 16:27

Very impressed with the new non executive Chair, Helen Robertson. Hope she can improve the business to it's former glory!

[its the oxman] 09/11/2021 08:56

Ridiculous spread. Don't know why it needs to be be so much wider than most other stock. Can narrow at times though.

[its the oxman] 19/10/2021 15:18

Bought a few back 213p.

[its the oxman] 13/10/2021 23:41

Sold mine just under 250p a while ago, may look to buy again if we test 200p. Agree it does fly under the radar this one.

[jimmywilson612] 27/8/2021 16:31

What is the company doing to be noticeable? I'm a holder here - but its not exactly exciting is it?

[cellars] 27/8/2021 14:37

This company continues to be almost completely unnoticed by the market. Any ideas why, anyone?? I have none.

[cellars] 07/7/2021 09:48

I think so too

[its the oxman] 06/7/2021 08:33

Seem pretty decent results today, more to come as normality returns, so just got to sit tight to see 300p again.

[its the oxman] 26/4/2021 15:38

Can't seem to push higher through 230p area at the moment. Rest of the market has been moving up so feel it will go at some point. Be nice to jump up quick toward 250p.

[hawfinch] 08/4/2021 13:50

Yet to delve into this. RCDO has taken a huge chunk of my time since it went below 4.3...Hopefully next week ill be able to look into this and VR tech

[essentialinvestor] 08/4/2021 13:39

Where has that net debt come from, thought they were about debt free?.

[its the oxman] 08/4/2021 11:11

AGM trading statement today seems positive, profitable in Q1despite lockdown, cautious but bodes well for further recovery to come. Suspect share price may start to firm a bit going forward.

[its the oxman] 29/3/2021 20:47

Been going sideways for a while, sense we are getting close a break upward.

[hawfinch] 04/3/2021 09:07

@OXMAN what's your bull & bear case for this stock?

[cellars] 23/2/2021 12:58

Yes, the need is to build scale. I guess we current shareholders would benefit more from present mgt rather than PE doing it.

[its the oxman] 20/2/2021 11:14

Personally I suspect private equity could be interested at right price. Perhaps 300p or just under. But management unlikely to agree and know RM will be worth more once normality returns. Pure speculation on my part.

[cellars] 15/2/2021 23:50

Studio Retail (STU) tried to sell their Resources business but the CMA blocked it. Wonder if RM. have any interest or would be allowed to buy? I am sure RM. mgt are well aware of the situation.

As you say, who would buy RM. itself? It is a diverse group of businesses that lack scale.

[its the oxman] 12/2/2021 11:52

Also wonder if RM could be a bid target at these lowly levels while awaiting the inevitable recovery. Not sure who would buy it though.

[its the oxman] 11/2/2021 22:12

Hi cellars , welcome, you may well be right, happy to hold as I see limited downside hopefully. Believe the shares will move higher , just a question of when and how long that takes.