RapidCloud International plc provides computing solutions, Web hosting and Web solutions through a Cloud Computing delivery model to customers within Malaysia and Southeast Asia. The Company offers three types of Cloud Computing delivery models, namely Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS) and Infrastructure-as-a-Service (IaaS). The Company's customer includes small and medium enterprises in Southeast Asia, government agencies, multinational corporations and large scale enterprises. Through its SaaS distribution model, the Company hosts software and makes this available to customers over a public or private network. The Company provides PaaS for both Web and mobile applications, covering standard, customizable and integrated solutions. It offers IaaS solutions for both shared and dedicated server environments, usually packaged along with supporting services to administer and manage these virtual services.

http://rapidcloudinternational.com/

First day of dealings and Admission to AIM

RNS


RNS Number : 6297L

RapidCloud International PLC

14 August 2013








RapidCloud International Plc

("RapidCloud", the "Company" or the "Group")



First day of dealings and Admission to trading on AIM

Placing to raise £1m



RapidCloud International plc, the computing services, web hosting and web solutions provider based in Southeast Asia, is pleased to announce its admission to trading on AIM at 08:00am UK time today. Dealings in the Group's ordinary shares will trade under the ticker AIM: RCI.



Summary

· The placing has raised approximately £1m (before expenses), through the placing of 1,851,948 new ordinary shares at 54p per share. The placing has been arranged by Allenby Capital and First Columbus Limited

· The number of ordinary shares in issue immediately after admission will be 17,368,971 giving the Company a market capitalisation of £9.4m

· The purpose of the IPO is to fund continued growth in RapidCloud's business, and the net proceeds of the placing will be used by the Group for geographical extension and expansion, in particular into Indonesia where the Group does not yet have a local presence, as well as of its Thailand and Philippines offices. In addition, funds will be used to enhance and add to the Group's sales and marketing teams, to continue the Group's investment in innovation and R&D, and for infrastructure expenditure and working capital purposes.

· Allenby Capital Limited is acting as Nominated Adviser and Broker to RapidCloud

· RapidCloud's trading symbol is RCI and the Company's ISIN code is JE00B8FX4C95



About RapidCloud

RapidCloud is one of the few integrated subscription-based computing solutions providers in Malaysia that offers its services through all three currently available segments of Cloud Computing (Software-as-a-Service, Infrastructure-as-a-Service and Platform-as-a-Service).



Formed in 1999 the Company has established, scalable operations with a base of over 36,500 customers including small and medium sized enterprises, government agencies, multi-national corporations and large scale enterprises.



The Group provides a range of proprietary products, including core web and mobile site builders and e-commerce products, and also engages in bespoke development projects. RapidCloud has an extensive in-house R&D department that both develops new proprietary products and tailors existing products based on customer feedback, resulting in substantial generation of the Group's own intellectual property.



These offerings have been validated through orders from a number of notable customers including Deloitte, BAE Systems, Canon, AmAssurance, AmBank, the Securities Commission of Malaysia and the Companies Commission of Malaysia as well as over 36,500 small and medium enterprise clients, government agencies, multi-national corporations and large scale enterprises.



RapidCloud is profitable, cash generative, anticipates paying a regular dividend (subject to the availability of funds and capital requirements), has a net cash position and achieved a gross margin of 68% for the year ended 31 December 2012. The Group has also achieved a compound average growth rate in revenues of 25% between 2010 and 2012 and this is underpinned by solid recurring revenues.



An independent industry report by Frost & Sullivan in 2013 estimates that between 2013 and 2015 the Cloud Computing industry in Asia Pacific will grow at a CAGR of 49.6%, giving revenues in the region of US$5.6 billion by 2015.



The Directors believe that RapidCloud's success to date results from it being a one-stop-shop provider that offers integrated web hosting, software development and computing solutions through the three currently available Cloud Computing delivery models.



Raymond Chee, Managing Director and Founder of the Group commented: "We are delighted to be joining AIM at this crucial time in RapidCloud's growth and development. The fundraising will enable us to increase our sales capability and accelerate our strategy of geographic expansion in order to capitalise on the rapidly growing demand for cloud computing solutions within Southeast Asia - an area with a population greater than that of the European Union. Alongside this, we will be able to maintain the high levels of research and development which have been a key component of our business.



"We are confident of continued strong growth and look forward to delivering value to our shareholders."

Placed on AIM at 54p by broker Allenby Capital, shares of Malaysian Cloud Computing company RapidCloud closed at 69.5p following a thin trade. The £1million raised in the flotation will help fund its geographical expansion into Indonesia, enhance its sales capabilities and continue investment into research and development. Clients include BAE Systems, Deloitte and PayPal. The company intends to pay a dividend.


http://www.dailymail.co.uk/money/markets/article-2394240/MARKET-REPORT-JC-Penney-left-exposed-bids.html#ixzz2c4JxEYOB

In IC this week - This week the aim welcomed RapidCloud Int which helps 36,000 small and medium sized businesses in Malaysia with their web-based services.
RapidCloud is the eleventh Malaysian company on aim and investors who joinedits £1m placing, at 54p a share, will hope the company is as successful as Fusionex Int, a Malaysian enterprise software company that floated on aim in Dec at 150p and now trades at 327p. Already well established in Malaysia having been in business for over 10yrs, RapidCloud went public to scale up its business and fund expansion into Indonesia and eventually the rest of South-east Asia. Priced at just eight times earnings for 2013 (post -IPO), giving a market cap of roughly £9.4m, this is a relatively low entry point for speculative investors looking to gain exposure to fast growing markets - Cloud-based software and Asia. The company pays a small dividend, too. One to watch.

Interim Reports


Interim Reports are available by 30th September 2013.

Up 19.5% today
RapidCloud International PLC (RCI:LSE) set a new high during today's trading session when it reached 91.00. Since the IPO on Aug 14, 2013, the share price is up 28.06%.

Seems to be on a roll now, up 9%

RapidCloud International PLC (RCI:LSE) set a new high during today's trading session when it reached 100.00. Since the IPO on Aug 14, 2013, the share price is up 43.88%.

Up another 14%

Entered the aim market a week today. Going great.
Closed up 15.38%

RapidCloud International PLC (RCI:LSE) set a new high during Tuesday's trading session when it reached 116.00. Since the IPO on Aug 14, 2013, the share price is up 61.87%.

Starting to head north in the last hour.

Up 21%, good recovery

Up another 15% on a poor markets day.

From David Thornton, The Penny Sleuth. Sept 6th.

This Aim stock plugs you into Southeast Asia

I wrote about Cloud Computing a few weeks ago. In essence, it’s a way of outsourcing many of your computing and technology requirements. Instead of spending vast sums of money building and maintaining IT equipment, businesses can simply rent computing power and services online through Amazon or iomart – just as you would get electricity from a utility over the grid.

There are two ways you can profit from this growth sector. First there’s the mammoth raw computing power that firms can now access online. Over the last decade, internet giants such as Amazon have been building vast computer farms housed in warehouses and abandoned factories. They are now renting these out for use over the internet.

Secondly, there’s the business services that cloud providers can offer online. One of the first companies to do this was Salesforce. Declaring the “end of software”, Salesforce offered a simple service – a computer programme that helped corporate sales forces keep track of their accounts over the internet. But now you can rent all sorts of business services online and save your business a fortune in the process – from accounting to sales to web design. This is called Software-as-a-Service or SaaS, and it is a godsend for small businesses and startups.

The cloud will be an increasingly important factor in delivery of IT services. Cisco estimated that cloud data traffic is growing at 44% pa currently and researchers Frost & Sullivan expect the market to more than double in value over three years, from $20bn in 2012 to $47bn in 2015. That’s explosive growth!

And the thing is that a lot of this growth will come from emerging markets; which is where the company I want to talk about today operates.

A new Malaysian cloud player in town

RapidCloud International (RCI) is a Malaysian supplier of cloud based services that has recently listed on the AIM market. The Malaysian cloud industry is growing at 42% currently, and is expected to reach $131m in 2015. Support for the market is coming from government and from strong growth in new business registrations. Cloud computing revolutionises the way a business can run its operations and it is easy to see how the cloud lowers entry barriers to starting up a new business.

RCI’s origins go back to 1999 when it began a web hosting service – running servers which allowed its clients to go online with a website. To add value to this service, RCI began designing and maintaining websites for clients, which was quite labour intensive. The shift to the cloud and SaaS came in 2009 when it launched a software product that allowed customers to build their own websites using tools provided online by RCI. Now RCI offer tools enabling clients to set up online commerce services and manage more complex online functions - from web building to e-commerce software. It’s a good business to be in right now…

RCI serves some huge global companies

SaaS makes up 68% of revenues. The bulk of the remainder is hosting services. Here RCI own the servers but rents the space in data centres to house them. This has paid off for RCI because rental costs are falling due to a glut of local data centre capacity. As a smaller player compared to Fujitsu for example, RCI has focused on the SME sector where it estimates it has a 6-7% share of the half a million companies with websites. It also has blue chip clients, serving local divisions of global companies like Prudential, Canon, and Deloitte.

The next big step is geographic expansion into neighbouring Indonesia. This market is eight to nine times the size of Malaysia, is close by and does not provide any language or cultural problems. Singapore and Vietnam offer longer term expansion opportunities. To support this strategy headcount is expected to double in the next two years to 200 people, with emphasis on sales and marketing as well as R&D.

So I see this as a great play on the development of these fast growing economies. As they look to expand internationally, companies in this region will need an online presence and a means to manage the huge growth in data traffic that comes with a growing business. That’s true of everyone from telecoms to banks and smaller businesses looking to expand without huge setup costs.

So why did RCI choose AIM?

I think we’ll see more companies like RCI listing on AIM in the next year. AIM seems to have had a lot of criticism but it still offers an attractive proposition to companies looking for a listing and the prestige that London offers. RapidCloud considered the US but was put off by the onerous Sarbanes Oxley rules. Hong Kong might have been deemed a more natural home for a Far East company, but the listing process would have taken a lot longer than AIM.

On listing, RCI only raised £1m. Significant funds weren’t needed due to it already being in a net cash position. The business is also cash generative and has the resources to develop its office in Indonesia and support the growth in the business. Surprisingly, the company pays a dividend which is a nice bonus for a small tech stock.

The founder, Raymond Chee, is only 37 and retains a 53% stake. One of the reasons for listing, apart from gaining a higher profile, is to have a currency to pay for acquisitions. We should expect this at some point and I understand Raymond is relaxed about being diluted as new shares are issued.

The shares listed at 54p in mid August and now stand at 80p where RapidCloud is valued at £14m. The free float is 35%, equivalent to just under £5m. On Allenby Capital’s forecast the shares trade on a p/e of 13.5 which seems very undemanding for the growth prospects. The maiden interim results are due in a couple of weeks and I will be looking out for them with interest.

Good investing,

David Thornton

Half Yearly Report

RNS


RNS Number : 6991O

RapidCloud International PLC

24 September 2013








24 September 2013

RapidCloud International plc

("RapidCloud", the "Company" or the "Group")



Interim results for the six months ended 30 June 2013



RapidCloud International plc (AIM:RCI), the computing services, web hosting and web solutions provider based in Southeast Asia, announces its half year results for the six months ended 30 June 2013.



Financial Highlights

· Revenue growth of 38% to RM 4.8 million (approximately £0.95 million) (H1 2012: RM 3.5 million)

· Gross profit margin of 73% achieved (H1 2012: 58%)

· Operating profit growth (excluding circa RM 0.35 million costs associated with the Company's IPO) of 156% to RM 2.3 million (approximately £0.46 million) - (H1 2012 RM 0.8 million)

· Profit before tax margin of 39% (H1 2012: 23%)

· Profit after tax growth of 115% to RM 1.9 million (H1 2012: RM 0.9 million)

· RM 2.3million cash (approximately £0.46 million) generated from operations before working capital changes (H1 2012: RM 1.1 million)

· Trade receivable days 84, down from 142 at 31 December 2012 - rolling trade receivable days 76



Operational Highlights (including post-period end highlights)

· Launch of Mobile Website Builder and Mobile Website with e-Commerce enabling customers to build smartphone and tablet compatible websites and link with payment gateways such as PayPal

· Release of new version of core product SME WebCombo+ incorporating a variety of new features

· Launch of e-Commerce Combo, a new suite of web products including shopping cart features and payment gateway services

· MSC (Multimedia Super Corridor) status and pioneer status awarded in June 2013 allowing Emerge Systems (M) Sdn Bhd, a subsidiary of the Group, to enjoy a further 5 + 5 years' of tax breaks in Malaysia

· Successful AIM IPO completed in August 2013 raising RM 4.9 million from UK investors to fund product development, geographic expansion and strengthen sales capabilities



Raymond Chee, Chief Executive of RapidCloud, commented: "We are delighted with our performance for the six months under review, during which time we achieved considerable growth in revenues, margins and profitability. In addition, the award of "MSC" status for a second time will have a significant positive impact on our earnings over the next decade.



"Healthy cash generation, combined with the successful IPO fund raise, has given us the resources to accelerate our penetration of the cloud services market within South East Asia. We are increasing investment in our sales force, skills, product offering and infrastructure to deliver a customer-centric range of cloud services and look forward to expanding our footprint in existing and new territories over the coming months.



"Traditionally the second half of the calendar year is stronger, accounting for circa. 60 per cent. of the year's revenues and we expect this trend to continue. We currently have a healthy and expanding pipeline and we look forward to the remainder of the year with confidence."

:-))

In Shares today it is just looking too dear, with a PE approaching 20 times.

New rather positive broker note appeared.
http://www.allenbycapital.com/research/rapidcloudinternational240913.pdf
RapidCloud International plc (RCI.L)
1H 2013 – Strong interim results
Revenues and PBT grew by 38% and 115% respectively on the prior year period. Additionally, margins at both the gross and after tax level improved substantially. Cash generation was also impressive with cash from operations increasing by 104%. During the period the Group was awarded a new MSC status (providing RapidCloud with tax breaks for a further ten years), additional products were launched and post period end the Company raised c.£1m at IPO. Given the strength of the results our forecasts now look conservative. That said, given the Company’s short track record as a listed company, we prefer to err on the side of caution and currently leave our numbers unchanged. Whilst the shares have had an impressive run since IPO, at 105p RapidCloud is trading on a 2013 PE ratio of 17.8x falling to 17.0x in 2014 but still on a significant discount to its larger peers which trade on multiples of over 30x.

Preliminary Results

http://www.moneyam.com/action/news/showArticle?id=4819620

Watch: David Cotterell, Chairman, RapidCloud International (RCI) discuss the preliminary results

Click here to watch

Contract wins

RNS


RNS Number : 2127K

RapidCloud International PLC

23 June 2014








23 June 2014

RapidCloud International Plc

("RapidCloud", the "Company" or the "Group")



Contract wins



RapidCloud International plc (AIM: RCI), the Southeast Asian based software solutions provider offering subscription services through all segments of cloud computing, announces two significant contract wins, the combined revenue value of which is in excess of £1 million. This revenue is expected to be recognised in the current financial year.



RapidCloud has won a material contract with the national legislature of a country in Southeast Asia. The contract is to assist in the development of a cloud management system which can rapidly process vast amounts of legislation data while providing members of the legislature easy access to required information such as documents, video, profiles and events through a single secure interface. The core of the integrated legislation management system is being built on RapidCloud's in-house developed solutions, RapidSearch and PortalWeb.



Launched in May of this year, RapidSearch is RapidCloud's 'big data' solution offering comprehensive reporting and data analysis of both structured and unstructured data. PortalWeb is RapidCloud's web portal building solution enabling the unified presentation of diverse information feeds.



RapidCloud has additionally won a contract with a separate government owned institution in Southeast Asia to deploy its recently launched cloud-based application programming interface, RapidAPI.



RapidAPI gateway solution streamlines the management and operation of applications whilst at the same time enhancing security and regulatory compliance. The solution is ideal for organisations that are exposed to management and security challenges, such as Governments, Telcos, Internet Service Providers and large-scale enterprises, given the existence of the large and diverse number of applications running within their network.



Raymond Chee, Managing Director of RapidCloud, commented: "We are delighted to announce these contract wins which demonstrate the success of our investment in developing new enterprise level products. Having only just launched RapidSearch and RapidAPI we are already gaining traction for the products which move us up the value chain and into important new markets such as the public sector.



"The combined revenue value of these contracts is significant and this therefore gives us considerable confidence for the current financial year."

Watch: RapidCloud International (RCI) - Company update

Click here to watch