RSM Tenon Share Discussion Threads

[albie two shoes] 10/9/2010 12:28

Strong buying. Looking very positive.

[santangello] 10/9/2010 11:54

On the big boys radars now....and volume/trades underline that they are taking notice and climbing onboard....

Last resistance point now breached mmmmmmmmmm

[ny boy] 10/9/2010 10:14

Looks good here, plenty of big buying over the past week. Gets interesting if it can break long term chart resistance around 70p?

[santangello] 09/9/2010 20:41

60p looks easy in reach very soon, and on fundamentals alone should be above that figure now.

Serious re-rating and Broker upgrades after results????

Cannot resist....added even more today, still SO cheap imho.

[0rb1t] 09/9/2010 17:58

Decent volume today, over 2m shares traded.

[cfro] 09/9/2010 17:31

Welcome guys, you wont find a cheaper growth stock than this imo.

[albie two shoes] 09/9/2010 13:27

I've bought in here too. This looks a very good long term buy. Having said that, a quick 10% would be lovely. :)

[glasshalfull] 09/9/2010 12:57

Okay simon - Had a quick look and dipped my toe in. V good value.
Would like to carry out further research and obliged if you could email any notes/ info you have.

Many thanks,
GHF

[simon gordon] 09/9/2010 12:54

Altium - 20/7/10:

A beacon amidst the gloom

Tenon's Recovery services division (28% of FY 2010E revenues) is "winning market share". Such a performance is driven by not only peers performing weakly but also the calibre of its staff. In both existing and newly merged locations, Tenon has made senior appointments which will underpin future growth expectations. Tenon's Risk Management division (8% of FY 2010E revenues) is the only part of the group which has any exposure to the UK's public sector. Steps taken here to ameliorate the effects of any spending cuts include marketing services which reduce costs and improve efficiency. The kernel of the group remains its Audit, Tax and Advisory division which comprises c.46% of FY 2010E revenues. Here, the strength of its recurring client relationships helps to insulate it from the current economic climate and government and fiscal tightening, leading to settled trading.

Target - 102p

[simon gordon] 09/9/2010 07:15

Evening Standard - 26/8/10:

Trader talk

Mark Slater, manager of the MFM Slater Growth fund, has snapped up shares in professional services company RSM Tenon on the back of what he sees as attractive valuations.

Slater, who also runs the MFM Slater Recovery fund, said shares in RSM Tenon look "extremely attractively priced" and decided to increase his existing stake in the accounting and consultancy specialist by acquiring a further 80,000 shares. This has brought his total position up to 3%, which is worth about £4.7 million.

He explained: "Tenon's purchase of RSM Jennings was transformational and the recent acquisition of three divisions from its beleaguered competitor Vantis was a steal. Tenon trades on an attractive price-to-earnings-to-growth ratio with a miserly price-to-earnings ratio of 5.5 and steady growth and yields 4%."

[santangello] 09/9/2010 07:15

A wise choice sg....I'm expecting lots from these.

Welcome back :)

[simon gordon] 09/9/2010 07:13

Santa,

Thanks for reminding me of TNO by flagging it up on CR's thread, I'm back in this morning.

[santangello] 08/9/2010 16:20

....opening blue tomorrow a.m.....after the bell purchase at 52.5p

Massive interest now, and quite rightly so, SO cheap at these levels....

60p minimum pre-results....then....well we'll see mmmmmmmmmmmmm

[santangello] 07/9/2010 22:49

....very healthy buying reported on PLUS too....yummy....

[saucepan] 07/9/2010 22:04

I think there is a decent chance, Santangello - it seems like a classic run into results is well under way.

[santangello] 07/9/2010 21:00

...more continued buying and movement North in the s/p.

60p minimum pre- results would be conservative here.

[santangello] 06/9/2010 20:49

From IMS in July

'RNS Number : 5846P
RSM Tenon Group PLC
20 July 2010

?
RSM Tenon Group PLC ("RSM Tenon" or the "Group")

Pre-close trading update

RSM Tenon Group PLC, the fully listed business adviser, will announce its
results for the year ended 30 June 2010 on 22 September 2010.

The Group's underlying profits are expected to be in line with expectations,
reflecting the continuing strength of recurring client relationships, the
balanced portfolio of services and the successful acquisition of RSM Bentley
Jennison in December 2009.

Recovery services have continued to grow and are increasing market share,
attracting high quality professionals and taking a leading industry position.
In both existing and in newly merged locations, we have made senior appointments
that will contribute to the further growth of the Recovery services business
during the new financial year.

Significant advances in our business have been achieved against a challenging
economic background, reflecting our longstanding commitment to Entrepreneurial
Britain. This economic segment provides a stable and promising environment for
future growth and our services are carefully positioned to attract these
resilient clients. Our Risk Management division is the only part of our business
to interact with the public sector and we have taken steps to protect
profitability in this business, targeting services that can reduce costs and
improve efficiency.

Excellent working capital management is a constant feature of the Group's
success and cash generation has improved upon market expectations, with over 40%
of total bank facilities unused at the year end. Cash generation will continue
to be prioritised during future annual cycles, with the intention to provide a
progressive return to shareholders whilst further reducing net debt.

Integration of RSM Bentley Jennison continues to meet planned timetables and is
on target to be completed during the first half of the 2010/11 year,
co-ordinated with that of the leading operating units of Vantis plc, acquired
immediately before our year end.

In the second half of 2009/10 the Group has made strong progress with its
acquired businesses, took the market opportunity to acquire carefully selected
businesses at a highly attractive value, improved underlying profitability,
generated significant cash inflows and successfully moved to the Full List of
the London Stock Exchange.

Prospects for the Group are positive, reflecting the stability of recurring
revenues, our comprehensive Recovery services offering and the further synergies
to be realised from our recent acquisitions. Profitability will be emphasised
alongside organic growth to help insulate our business from the current economic
climate and government and fiscal tightening. We will continue to seek to
improve efficiency across the Group and will apply strong performance criteria
to all areas of its business, reflected in modestly increased restructuring
costs in the short term.

Chief Executive Andy Raynor said:

"RSM Tenon has generated enhanced results across its whole range of services.
Strong recurring revenues, prominence in Recovery and overall performance
improvements have produced success in all divisions.

Our transactions during the 2009/10 year will be integrated to make strong
organic progress in future periods. The business is growth-orientated for all
economic circumstances."

20 July 2010'

[saucepan] 06/9/2010 18:28

Cfro: thanks for highlighting these on the ZULU thread. As mentioned there, I held these for a while a couple of years ago.

This seems a good time to be buying back, including a possible run into results on 22nd September.

The following are the fundamental data that attracted me:



(Source: ShareScope screenshot)

. . . Together with background in a comprehensive (i.e. 76-page) company presentation available on the Company's own website:

[santangello] 06/9/2010 16:57

Long is a smart move....see the interest in trades over the last week or so....looking primed and ready to go imho.

I do hold.

[saucepan] 06/9/2010 12:17

Hi folks; joined you long.

[james8035] 06/9/2010 11:52

cfro - is see you use the word we - do you work for RSM

[cfro] 05/9/2010 17:25

So am I.

Seems buying interest has picked up at last and about time too. PE is less than 6 here. If we dont get the re-rating then we will almost certainly be taken over imo.

[santangello] 05/9/2010 16:57

45k buy reported after the bell Friday....

....looking forward to this week and the results around the corner...

[santangello] 03/9/2010 08:03

ADVFN/MMs up to tricks again I see.....reporting buys as sells lol

[santangello] 03/9/2010 07:46

Added ANOTHER 10k this a.m

Trade (along with other buys) will be on PLUS.