14th Nov 2006 T&G Comment in Post 3 : Link Back to posts Click Here



Group Web Site : http://www.xko.co.uk/

Powerdebt Web Site : http://www.powerdebt.co.uk/home.php

UBM Web Site : http://www.utilitybilling.co.uk/

Shares in Issue : 42.68m

Following the sale of the Software Services side, which on a pro-forma basis reduces debt to basically nothing, XKO is now all about Revenue Assurance. This should be an area of high growth, and XKO should soon reflect this in terms of performance put in so far and prospects to come, by a re-rating.

What is it ? The Revenue Assurance division specialises in complex Revenue Assurance and debt management for major utilities. There are two units in this Division, UBM ( current customers include giants like npower, Centrica etc..) and then Powerdebt (which is a specialist Revenue Assurance and Debt Management business based in Solihull.

So XKO is now in basic terms debt free, putting in decent earnings, with good prospects going forward, UK based and with a nice dividend to boot.

Add on to that some earnings enhancing acquisitions in the Revenue Assurance side, and a strong growth high margin business is building nicely.

Moving well again today :)

Yet another possible takeover :) Yummy

Revenue Assurance Statement re Possible Offer

RNS Number:1616A
Revenue Assurance Services PLC
12 July 2007

Revenue Assurance Services plc

Talks announcement

12 July 2007

The board (the "Board") of Revenue Assurance Services plc (the "Company") notes the recent share price movement and confirms it is in preliminary talks which may or may not lead to an offer being made for the Company.

There can be no certainty that an offer will be made for the Company or the terms on which such an offer may be made.

Further announcements will be made as appropriate.

Guess you were right re the deal in the offing..