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A couple of massive trades earlier today. Hopefully that reflects confidence by those in a knowing position have in the share. Regards CM
I guess the lack of volume for this share adds to its volatility. Does ANYONE know or have an idea what the very low trades may mean?. Does it have any meaning?. Hard to believe anyone will buy or sell so few shares. Additionally they seem to be A trades. Same pattern as just before the share went up. Regards CM
might be on isdx by the looks: http://www.isdx.com/forcompanies/ourcompanies/companydetail/default.aspx?securityid=2074287
My top up at sub 160p at around 11.15 not showing at all. Therefore there may be more trades than what is currently being shown. I expect they will show up later. Now being quoted 162+ to buy. CM
Good day here the 50day SMA closing in on the 200SMA with both rising a golden cross likely soon.
That's one heck of a big trade at over 500,000 shares!. Possibly a holding RNS coming out?. Hmm. Is this going to be good or ............ have to wait and see. Usual story of late for me; sit out and wait and the share price rises, buy in and the share price falls. At least the spread has fallen to a far more reasonable level. CM
Think this may be somewhat of a lonely board to be on, and may end up talking to myself. Nevermind, perhaps someone will come over and join me. Bought in today at 153p, not a huge holding. I could have bought in earlier for sub 145p and then sub 148p but chose to get out and get some much needed fresh air, not expecting any or much movement in the share price whilst out. Also wanted to see some positive movement before investing. Didn't expect to see such a jump. Someone has confidence in the share having bought not far off 100,000 shares during the morning. Not sure what all the tiny share purchases are about - very strange, and a factor that made me hesitate in buying in. I stick with my figures from below re forecast, although recognise that none of us can predict the future; hence my holding of 1000 shares and no more. I can always average into strength. Regards CM
Just out of interest: http://www.iii.co.uk/articles/193077/3-reasons-buy-rm-plc-today CM
I have come across RM by way of my occasional trawl of indicies looking for low PE, a PEG below 1.0, preferably paying a dividend, and then looking more in depth of the share including director and institutional interest, fundamentals, RNSs etc. I also look for any interesting articles and have come across the following: http://www.iii.co.uk/articles/193024/tide-has-turned-rm which has already been mentioned on this board by Libero on 17 Sep. At present values RM is only valued at 12.9 x profits. If we use the figures for pre-tax profit as forecast in the above article then that drops to a staggering 6.82 x. If we increase that to 12 x (present value) that would give us a share price of £2.60. Lets drop that to 10 x, that would give us a share price of £2.17. The former would give us an increase in share price of 76%, the latter 47%. Hmm. Interesting. Off most radars for sure looking at this board. Good sign. Few trades, hence the spread. having said that I have seen far greater spreads. I wonder.............. Regards CM
Staying strong
Three blue days on the trot 9day SMA broke 30day SMA and today also broke the 100 day SMA .
excellent rise in two days .
Presuming FY 2014 = H1 results x 2... ...the EV/EBIT ratio is 10.9 ...the forward PE ratio is 10.7 They said in their interim report that H2 is likely to be similar to H1, hence the drop. But today's announcement changes everything because they say H2 will be "significantly more profitable" than they first thought. In other words H2 is going to be more profitable than H1 Therefore we can reasonably expect the EV/EBIT ratio to be sub 10, which is good. For the forward PE ratio to be sub 10 also, which is superb considering the profit growth, and you've also got that modest yield in there too. Conclusion This looks like it is 1) Undervalued and 2) that it has much further to rise. Think I shall buy in shortly unless further research deters me
Wow...fab rise.
very good cash generation from last finals. price to free cash flow very low...worth looking at.
Clearly, RM has lots of work to do, but the transformation towards becoming a focused provider of higher-margin software and services will be worth it. Company profits will grow much faster and shareholder returns should, too. That's why buying ahead of the restructuring, and possible return of that substantial cash pile, makes sense. Buy.
that rosy?...hmmmm..not convinced..still living on contracts from prior years??? aaoo/dyor
showing aza sell.....
All change at the top Along with its results, the company announced that David Brooks, the current Chief Operating Officer of the group, has been appointed as the new Chief Executive, effective from March 1st. Ratcliffe, who was appointed Non-Executive Chairman in June 2011, has announced his intention to leave this summer, and the company said it has started looking for his replacement.
"Following the restructuring in 2011, the increased focus on working capital resulting in a very strong cash position at the year end and the launch of some exciting new cloud-based products in 2012, RM now has an excellent platform for the future as a leading provider of products, solutions and services into the UK education market. "Progress against the board's objectives has been very positive. The disposal of loss-making and non-core business activities was completed in the first half of the year, realising cash receipts of �6.3m since the strategic review in September 2011. "The redundancy programme achieved the necessary streamlining of the group, reducing headcount from 2,699 in September 2011 before the strategic review, to 2,250 in November 2012. Cash and equivalents at the year end totalled 37.8m, up from 11.3m at the 2011 year-end.
Shares in RM jumped on Thursday following the company's announcement that it had returned to profit for the year ended November 30th 2012. Despite a decline in revenue and an increase in sales, the group delivered a profit of 8.75m (2011: loss of 23.38m) after reducing its operating and other expenses. The adjusted operating profit came in at 13.6m, compared to 14.1m the previous year. Revenue for the year fell to 288.69m from 350.79m a year earlier, while the cost of sales rose to 217.87m from 260.11m in 2011. The final dividend payment was increased to 2.25p (2011: 1.53p). Chairman Martyn Ratcliffe, who announced that he is planning to step down from the board in the summer, said: "The past year has been one of significant change within RM and the Board is pleased with the progress made, particularly in the context of public sector budget constraints.
obviously drawn to Mr R - patron s of SAG
Uv changed your tune (or should that be short) This is u last time I had the pleasure:- So the bubble has has finally been seen to have burst. A poor model for a business, interesting while it was working! I have never held shares in the company but have observed very closely. Never did like the employ, train (indoctrinate) , sell them some shares and then push them out into local government education departments to recommend/insist on RM computers in the schools system of expansion. Lobbying for the building schools programme, buying little peripheral businesses in the hope local authorities could continue to spend money they didn't have and training useless middle aged head teachers how to 'turn it off and then back on again' was soon going to be seen through by computer literate 'proper teachers' and was never going to make money long term for RM. No worthwhile R and D, no innovation and no vision - that has always been my observation of RM, (except for one visit to their virtual nonsense - just as they had spent another tronch of dosh on brick ends for teenagers!! it did all look very colourful but not a business!) RM rest in peace or pieces perhaps. This shows u for what you are. "
Just read the article written by Henry Stewart - rubbish - the bloke is making up rubbish from the comfort of his arm chair. No real research and no real facts - just innuendo. Hackney schools may dump RM, always easy to be critical of systems that you don't understand, the main problem was always the disconnect between teachers and IT. IT moved a lot faster than teachers and teachers wouldn't give the time to catch up. Many teachers thought accessing social communication sites was the cutting edge of IT! RM were banging their heads against the proverbial from about 1998 which they did their best to overcome. They had a very clever business liaison strategy which supported their bottom line for many years. Schools wanted to cherry pick aspects of the RM stable without taking on board the main student link aspects from the company. This was money that schools thought could be saved by expecting teachers to produce acceptable lesson delivery using IT. Whoops - that was the weak link, middle aged heads without an acceptable understanding of what was being used in their school and teachers therefore not being kept up to speed with acceptable lesson delivery. RM had many options for this - at a price, but the purse string holders would not go that extra yard, saying their staff could / should do that! Whoops back to the weak link again. Employ RM and improve lesson delivery it was possible. I have often been critical of RM but not their enthusiasm for subject support. I am not a shareholder but have observed RM first hand very closely and seen the work they have put into trying to support the education of young people, they really wanted the best for the pupils but couldn't force their model to be imposed - of course, it was up to the customer. So Mr Stewart lets have better and proper research next time or at least acceptable recording of the research and not just an unacceptable spin. DEBS 1