Member Info for zebbo

I have this an income stock and for me the "only" real major risk is policy / a Reform gov.

Lets face it unless there is significant improvement with Labour, they are toast. But we have until 2029 until the election, baring any votes of no confidence

Possible war situation, you need to follow the geo news more closely. Thats why I sold out this AM (after holding for c3yrs).

Yes, I never posted here until now, because so much BS/noise posted,.....like many AIM shares

Bloomberg 3Hrs ago. The warning is clear IMO. Looks like its about to kick off. Ive got good profits to book, so am out for now

https://www.bloomberg.com/news/articles/2026-02-19/risk-of-ethiopia-war-mounts-as-troops-deploy-near-eritrea-border

This SP will sink if this kicks off and looks likely

https://www.theafricareport.com/409239/are-ethiopia-and-eritrea-about-to-go-to-war/

Todays correction has a way to run IMO, current SP is ahead of fundamentals based on todays results. TBF they, like many shares they have been a recipient of the AI SaaS bomb and geo political landscape

The Italian model has already been rejected in favour of CFDs for the decoupling of gas and elec

My view is different to most. Why are we paying mgmt wages to constantly under perform against fcast budget. Wind up is our best option IMO.

Lots of people talking divis for ever. Expect Reform to be in Gov for the next term, then we will be shafted. They may not change contracts, but they could apply a tax ...Hmmmm oil WFT in reverse

Expect continuation vote at April's AGM

Yesterday with the US market being closed and the ADR being alot higher. What a surprise the SP jumped first thing this AM

Re "Starmer doubles down on net zero by agreeing alignment with EU targets" Even if Reform get in all this stuff will be in legislation by then and their hands will be tied....This is the UK not the US

Thats not to say WFT will be scrapped, but green stuff will be here forever IMO

The next 6 & 12 month updates will be key to underpin todays guidance. But todays results are bullish, looking out 12mths and beyond

Thats good enough for me, having done my own in depth DD on AI etc etc

IMO LLMs are a commodity play 12 months from now, there will be lad generated plug-ins for everything. Some more high profile than others. For Anthropic and the like to make serious cash they will have to snap up the orchestraters/data owership layers .......food for thought..!!

Allowing algos to start ripping through sectors, this a good a place as any to park your cash

Just to add....

The pure model layer—comprising of OpenAI, Anthropic, and others—will rapidly becoming a commodity trap IMO. These companies are sinking massive amounts of CapEx into developing LLM plugins, their unique value is not that unique IMO.

Ironically, while American firms commit billions, Chinese counterparts are adopting a more low-cost approach and are reportedly only weeks behind technologically. Their software companies moved higher of the back off LLMs, not lower. I think the Chinese are right on this occasion

Sang1, thanks for posting the link yesterday. Quiet a long and interesting article. I have summarised and added what I believe this mens to Rel

The “$285bn SaaSpocalypse” sell-off mispriced risk by treating all software as equally threatened by AI labs moving up the stack. The real fault line is not AI vs SaaS, but workflow wrappers vs systems of record. Thin AI apps and workflow wrappers are genuinely vulnerable as foundation models can replicate their functionality via plugins, collapsing margins at speed. By contrast, systems of record own proprietary data, embedded workflows, and organisational context that are costly to replace. Their challenge is not survival, but whether they can evolve into “systems of action”—the orchestration layer that directs AI agents—rather than being relegated to passive databases.

Markets have assumed this transition fails, pricing incumbents as if terminal demotion is inevitable. That assumption ignores a symmetric race: AI labs are moving up the stack out of necessity as models commoditise, while incumbents are embedding agent orchestration into their platforms. The scarce resource is not intelligence, but context accumulated over years.

RELX impact: RELX sits firmly in the system-of-record camp via LexisNexis’ proprietary legal, regulatory, and risk data. Anthropic’s legal plugin threatens workflow features, not RELX’s data moat. The key investment question is execution: can RELX make LexisNexis the system of action that governs agent decisions, not just the data source agents query? If yes, recent share price weakness reflects a mispricing, not structural decay—compressing near-term multiples while leaving long-term value underappreciated

UKW safest & 10% yield

Make of that what you will !!

Subjective, as always

I thought the CEO did a good job to dispel AI fears, Hoping that the understanding will start to sink in to market generally, as some market participants clearly dont understand how AI works with enerprise environment

My take on things...

We are a "Picks and Shovels" play, in that we provide essential infrastructure for important professions. OpenAI and Anthropic may provide the reasoning capability but we provide the verifiable truth In legal, medical, and risk sectors. AI's "opinion" is pretty worthless without a citation (its a trust thing).

Rel has successfully moved from publisher to Vertical AI Software leader. They aint just selling data, they are selling "AI-ready" data (M&S..:-) that fuels the services stack.

Investors should view RELX’s Data Layer as the "go to point" for AI, which is technology agnostic. Whether a business uses GPT-4o, Claude 4 or any other model, the output is only as good as the input. Because our data is clean, structured, copyright-protected etc ensures that any model plugged into it performs at a professional level, whereas models relying on the open internet are prone to "hallucinations" and legal inaccuracies.

Also from a rev perspective, because Rel owns the data library, every AI query processed through their library is at virtual zero cost. Leading to the significant margin expansion we are now seeing (34.8%)

The market is still panicked that "General AI" will replace everything. Well it cannot replace propriatary data, it needs it. So to flip this around Erik was quiet specific, it does not matter what model layer (LLM) Rel plug into. Its the Orchestration (worksteam curration), data returns and application interface that the customer uses, that are of importance and where the customer gets real value

In addition we have Professional accountability preventing lawyers and doctors from using unverified AI.

In the context of Harvey , Rels Protégé platform proves that the "Model Layer" needs the "Data Layer" to survive within the enterprise. In this commercial model Rel collects rent from Harvey. My understanding is Harvey is a 1 off and we own a good % + a seat on their BoDs

So in Summary - Rel owns the "Primary Source" material that AI companies cannot legally scrape or replicate, Rels Orchestration helps govern this

Workflows are locked in by embedding AI into Lexis+ etc, Rel owns the user’s daily "work interface," making services "sticky."

M2M Revenue is c90% of Risk revenue and machine-led ie Rels income is almost entirely generated by automated "API calls" rather than subscriptions

Enough whaffle ......

Re the market reaction looks like we have been re priced for the time being. May take more time and evidence to prove we are an AI winner, based on the speed at which things are moving 12 months should provide clear evidence. That said todays results / guidance along with a robust Q&A should help start the realisation process for Rel

Massive and equates to ~6% of shares at todays mcap

Strong results and reaffirms what we have known all along.....AI is a tailwind for us and has been for the last 2yrs

I fully expect to see Rel as one of the BIG winners long term

Watching CNBC this afternoon. Couple of interesting interviews relating to the software sell off with fund owners. Folk who understand the intricacies around SaaS, workflows, process, governance etc etc. Main gist being that AI is an enabler for growth.

All that aside as long as the results and forward view are as expected tomorrow we may start to recover. Damage has now been done at a technical level regardless of the results IMO and may take a while to repair. May also take a while for the AI story to be correctly understood and acted on by the market with 97% of trading being done by algos..... Ripe for an AI model to confirm oversold conditions :-)

Fingers crossed for tomorrow....

Heres hoping that we get mega aggressive on buybacks at these levels, short and sharp

......some company has invented a new chat bot that fcasts market outcomes, so no need for proprietary data.... :-)

My guess is we have some ETFs that still have stock to dump, its become a self feeding doom loop for all these guys

However, it will bottom at some point