Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Some useful info about HSCN. "HSCN will provide a reliable, efficient and flexible way for health and social care organisations to access and exchange electronic information. .....health and social care organisations will need to obtain HSCN compliant connectivity to support their business operations....." Source: https://digital.nhs.uk/health-social-care-network/suppliers
Mr BBD, I agree, the market does not understand the significance of this news. To some extent RCN now has a captive market because healthcare providers are more or less mandated to use the new network. I.e. a case of not if, but when customers will decide to sign up. Maybe (if / when) another data scandal story emerges I suspect we'll see plenty more contract news.
max19 - Agreed, a comprehensive statement this morning. As far as I can tell a few more customer deals should add directly to the bottom line here.....and there is a promising hint about reinstatement of the divi. GLA.
An interesting and well managed AGM this morning. No new news for me, i.e. Just a restatement of what we already know from the history on this board. The main theme was to put the past behind them and get on with winning new business. Operationally, staff turnover is not an issue (good), network and hosting capacity is sufficient for existing business and significant amounts exist for onboarding of new business (excellent) and the finance team refresh has been completed with 9 new staff with appropriate qualifications (so no more surprises). All now seems set for going forward and winning new business, so as far as I am concerned, my confidence has been restored in this team.
A steady announcement about a steady company well placed for steady organic growth. The FCA could be a distraction but is being managed by a committee within the co, so should not distract from operations. The II's have bought into RCN in the last few months, so I assume they take the same long term view. As to margins being unexciting, I see that as a good thing. I.e. we are not investing in a wild west scenario with desperate competition. Steady as we go.
This doesn't appear to tell us anything we don't already know from previous updates. I.e. encouraging underlying business marred by one off charges. However, no dividend and still no comment on FCA review. This one is turning into a long haul.