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RM - Educational software (RM.)     

HARRYCAT - 25 Feb 2014 08:37

Founded in 1973, develops IT solutions for students, administrators, teachers, management teams and other education providers which require bespoke solutions.

"We deliver an extensive range of innovative and award-winning products and services - all carefully designed or selected to meet the specific needs of UK education."

http://www.rm.com/home

Chart.aspx?Provider=EODIntra&Code=RM.&Si

HARRYCAT - 26 Jan 2015 14:53 - 14 of 23

StockMarketWire.com
RM will announce its preliminary results for the year ending 30 November on 2 February 2015.

HARRYCAT - 02 Feb 2015 07:59 - 15 of 23

RM plc ("RM"), the educational IT and resources group, reports its results for the year ending 30 November 2014.

SUMMARY
• Total revenue of £202.5m (2013: £261.8m).

- RM Resources revenue increased 16% to £62.8m (2013: £54.0m)

- RM Results revenue increased 5% to £27.8m (2013: £26.5m)

- RM Education revenue decreased as planned by 38% to £111.9m (2013: £181.2m)

• Adjusted operating profit margins increased to 9.1% (2013: 6.6%) with adjusted operating profit* of £18.5m (2013: £17.2m)

• Adjusted profit before tax* increased by 9.9% to £18.1m (2013: £16.4m). Statutory profit before tax increased by 67% to £15.8m (2013: £9.4m)

• Cash generated from operations of £19.1m (2013: £34.7m). Cash and short-term deposits at 30 November 2014 were £47.9m (2013: £63.2m) after payment of the £14.7m special dividend and £8.0m into the pension escrow account

• Pension deficit before tax £26.8m (2013: £15.8m). Pensioner buy-in completed leaving £3.3m in escrow for further risk mitigation exercises

• Adjusted* earnings per share increased by 30% to 16.4 pence (2013: 12.6 pence). Earnings per share increased by 107% to 13.9 pence (2013: 6.7 pence)

• Full year paid and proposed dividend per share increased by 21% to 4.00 pence (2013: 3.30 pence)

Commenting on the results, David Brooks, Chief Executive of RM, said:
"2014 was a good year for RM with both RM Resources and RM Results delivering strong organic growth. RM Education has been reshaped, after the closure of the hardware manufacturing and distribution facility in the year. All three divisions improved operating margins with good cash generation.

RM Resources and RM Results are well positioned for further growth in 2015 and we remain focused on the further development of RM Education's provision of software products and services to UK schools."

HARRYCAT - 17 Jun 2015 10:56 - 16 of 23

Notification of Interim Results
RM plc will announce interim results for the 6 months ending 31 May 2015 on Monday 6 July 2015.

HARRYCAT - 06 Jul 2015 08:10 - 17 of 23

StockMarketWire.com
RM Plc has improved its H1 pretax profit to £9.2m, from £6.7m. Revenue was £79.8m, from £92.1m. dividend was 1.2p a share, from 0.96p.

CEO David Brooks said:

"We have delivered another good half year of results and are on track with our journey back to growth.

"RM Resources and RM Results have continued to grow and deliver strong margins. RM Education continues to improve margins as we focus on software and services.

"These results together with our strong balance sheet give us a stable platform for RM's long term future."

HARRYCAT - 03 Feb 2016 10:02 - 18 of 23

finnCap today initiates coverage of RM PLC (LON:RM.) with a buy investment rating and price target of 213p.

HARRYCAT - 18 Jan 2017 08:58 - 19 of 23

13-12-16 Trading Update
The Board of RM plc confirms that it expects results for the financial year ended 30 November 2016 to be in line with Board expectations.

Cash and short-term deposits as at 30 November 2016 were £40.0m (2015: £48.3m).

The deficit in the Company's defined benefit scheme as at 30 November 2016 has increased to £35m (Nov 2015: £21.9m) as a result of the significant reduction in Corporate bond yields. The next triennial valuation of the scheme is May 2018.

HARRYCAT - 07 Feb 2017 09:49 - 20 of 23

StockMarketWire.com
RM Plc has booked a FY statutory after-tax profit of £11.6m, from £15.0m, on lower revenue but with an improved dividend as it unveiled the proposed acquisition of Connect Group's Education & Care business.

RM's revenue fell 6% to £167.6m, but it hiked its paid and proposed dividend to 6p a share, up 20% from 5p.

The reduction in after-tax profit was primarily due to a property provision release of £2.4m in the prior year and a £2.1m charge in 2016 for restructuring and acquisition costs.

CEO David Brooks said 2016 was another year of delivering a solid set of results, in which RM had reported improved profitability and increased operating margins.

"We are also pleased to have announced the proposed acquisition of the Education & Care business of Connect Group," he said in a statement, noting a purchase price of £56.5m on cash- and debt-free basis.

"This acquisition, in combination with our existing RM Resources operation, would provide a number of strategic and operational benefits."

RM would also assume Education & Care's pension schemes, which reported a combined net liability of £7.9m

HARRYCAT - 01 Jun 2017 08:03 - 21 of 23

CMA CLEARANCE
On 7 February 2017, RM announced the proposed acquisition of the Education & Care business of Connect Group PLC (the "Acquisition").

The Company is pleased to note that the Competition and Markets Authority has earlier today announced that it has unconditionally cleared the Acquisition.

Accordingly, the Company expects the Acquisition to complete on or around 30 June 2017.

A further announcement will be made in due course.

HARRYCAT - 07 Dec 2017 10:25 - 22 of 23

StockMarketWire.com
RM expects results for the financial year ended 30 November 2017 to be ahead of expectations.

RM Resources benefited from organic revenue growth in the second half and RM Education experienced a resilient performance following the 2016 restructuring.

RM Results was in line with management expectations, having had a strong summer delivery.

Net debt at the year-end was £13.4m following the acquisition of The Consortium in June 2017.

RM said good progress is being made with the integration of The Consortium and better synergies, coupled with more scope for operational efficiencies, are now expected to realise benefits ahead of the initial expectations of £2m a year.

An agreement has also been reached with the trustees of the Consortium Care defined benefit pension scheme with regards to the triennial valuation as at 31 December 2016 at a deficit of £4.2m, with a recovery plan of £379,000 per annum over the next ten years.

HARRYCAT - 06 Feb 2018 10:06 - 23 of 23

StockMarketWire.com
Education technology provider RM boosted its annual profit by 10.3% on the back of rising sales.

Net profit for the year through December rose to £12.9m as revenue increased by 10.9% to £185.9m.

The company declared a final dividend of 6.60p, up 10% on the previous year.

'Going forward, despite the continued subdued UK Education market, 2018 has started in line with our expectations and we are confident of a year of good progress,' chief executive David Brooks said.
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