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Buy: RM Education (RM.) "This company supplies information technology to schools in all its forms - hardware, software and networks. It is by far the largest supplier of these types of products in the UK and it has very good contacts at the individual school level. A lot of its competitors go through the Building Schools for the Future programme instead. "RM has been through a tough time recently because of the cuts the government is making to the education budget; 80% of a school's costs are staff and if the choice is between getting rid of teachers and shrinking the IT spend, most will opt for the latter. "As a result, RM's shares have slipped significantly. Yet, it is this recent weakness that has become the opportunity. "Initially the company was slow to react to the new environment, but major changes were made to the board last year. This is one of the things I look out for - management change can make a significant difference. "In this case, Martyn Ratcliffe came on board as executive chairman. He used to run Dell Europe, and has a reputation for creating value. "Ratcliffe refocused RM on its UK schools franchise. The company had bought businesses in America and Asia. "He exited all that. He believes that the group is in the business of distribution to schools rather than specifically technology. He is therefore also looking at distributing, for example, insurance or energy. "As more schools convert to academies, it takes them out of local authority control and plays to RM's strengths. We believe that they should be able to gain market share, and share price performance will pick up."
Regardless of the short term rise I stick by my post. Assetco are losing contracts and making a right pigs ear of the LFB contract so this isn't a company I would look to invest in again. Good luck with your investment buddy
LONDON, Jan 24 (Reuters) - Kier Group PLC: * Has had no direct discussions with Teg * It has no intention of making an offer for Teg ((London Equities Newsroom; +44 20 7542 7717)) Very strange considering the last nights RNS
These have on my watch list for a few months now but I can see there are a few ere that know this company alot better that me. In you option what would be the likely best news that we could hope for. And what would be the worst case news from the next rns
Be very cautious ere. As much as it looks temping it to much like a replay of the Assetco story that learnt me a very harsh lesson. There are so many good profitable company's out there at basement bargain prices. This is just my opinion GL