RM (RM.)

Sector:

Retailers

Index:

FTSE Fledgling

54.90p
   
  • Change Today:
      1.00p
  • 52 Week High: 92.00
  • 52 Week Low: 47.90
  • Currency: UK Pounds
  • Shares Issued: 83.88m
  • Volume: 169,074
  • Market Cap: £46.05m
  • RiskGrade: 242

RM pleased with full-year performance as it integrates SoNET

By Josh White

Date: Tuesday 04 Feb 2020

LONDON (ShareCast) - (Sharecast News) - Education technology and resources supplier RM reported a 1% improvement in revenue to £223.8m in its preliminary results on Tuesday, as a result of "good performance" in its technology divisions, which offset a "more challenging year" in RM Resources and the adverse effects of the adoption of IFRS 15.
The London-listed firm said its international revenue grew 18% for the year ended 30 November, which was primarily driven by new wins and the development of existing clients in its RM Results division.

It noted the acquisition of e-testing company SoNET during the period, in a bid to augment its software capability to enable full end-to-end digital assessment.

Adjusted operating profit rose 1% to £27.6m, as operating margins remained stable at 12.4%, and the company's adjusted diluted earnings per share were ahead 2% at 26.4p.

Net debt widened to £15m, from £5.8m, following the funding of the acquisition, with the board confirming the paid and proposed for the full-year was increasing 5% to 8.00p.

"This has been a solid year for RM," said chief executive David Brooks.

"Revenue and operating profit have been underpinned by a stronger underlying performance from our two technology divisions which have offset a challenging year in our resources division.

"We have continued to make good progress strategically including the acquisition of SoNET."

Brooks said SoNET enabled the firm to provide end-to-end digital assessment in a growing market.

"In the year ahead, we are well placed to address the market opportunities across each of our divisions."

At 1447 GMT, shares in RM were down 0.7% at 285p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

RM Market Data

Currency UK Pounds
Share Price 54.90p
Change Today 1.00p
% Change 1.86 %
52 Week High 92.00
52 Week Low 47.90
Volume 169,074
Shares Issued 83.88m
Market Cap £46.05m
RiskGrade 242

RM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
46.95% below the market average46.95% below the market average46.95% below the market average46.95% below the market average46.95% below the market average
63.16% below the sector average63.16% below the sector average63.16% below the sector average63.16% below the sector average63.16% below the sector average
Price Trend
55.2% below the market average55.2% below the market average55.2% below the market average55.2% below the market average55.2% below the market average
65.85% below the sector average65.85% below the sector average65.85% below the sector average65.85% below the sector average65.85% below the sector average
Income Not Available
Growth
86.24% below the market average86.24% below the market average86.24% below the market average86.24% below the market average86.24% below the market average
85% below the sector average85% below the sector average85% below the sector average85% below the sector average85% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
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RM Dividends

  Latest Previous
  Final Final
Ex-Div 17-Mar-22 18-Mar-21
Paid 29-Apr-22 30-Apr-21
Amount 4.70p 3.00p

Trades for 28-Mar-2024

Time Volume / Share Price
16:01 2,000 @ 55.29p
15:40 40 @ 56.80p
15:12 6,109 @ 53.31p
13:53 50,000 @ 57.25p
13:45 102,426 @ 57.50p

RM Key Personnel

CEO Mark Cook
CFO Simon Goodwin

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