RM PLC (RM.)

RM PLC (RM.)

Blog posts

RM Plc and a Questionable Share Consolidation

RM, a provider of educational products and services to schools, has been through some troubled times of late. Revenue has been falling and is forecast to fall further after they made the courageous, if long overdue, decision to stop producing PCs. In addition there have been a number of changes among the directors in the last couple of years. But the company has been generating cash, and now has a healthy cash balance (£63m in the last accounts) so it has decided ...

Globo, RM and Tesla Motors – What’s the connection?

Globo, RM and Tesla – what’s the connection? You will see. Globo managed to get their name mentioned in the Financial Times yesterday as coming “under pressure after bloggers question cash flow”. This probably refers to comments from Paul Scott on Stockopedia where he writes a daily small cap report which covered Globo on the 17th October. Not only were those comments spread around on bulletin boards but he and other folks have said similar things in the past. In essence what he ...

AGM Reports

RM Plc (RM.) AGM Report 2014

The issues at RM were covered in an article in the last ShareSoc Newsletter (March 2014), and I will repeat most of that here to give some initial background. RM, a provider of educational products and services to schools, has been through some troubled times of late. Revenue has been falling and is forecast to fall further after they made the courageous, if long overdue, decision to stop producing PCs. In addition there have been a number of changes among the directors ...

RM (RM.) AGM Report 2013

RM held their AGM at 9.00 am today at their offices near Abingdon – yes I complained about the time last year but they have not taken any notice. As a result there were very few (three or four) ordinary shareholders who turned up for it. In addition the Chairman said he would take general questions after the formal business despite me advising him this was not best practice last time, so that was yet another reason for voting against his ...

RM (RM.) AGM Report 2012

Does the fact that a company is in difficulties justify breaching corporate governance guidelines and sound remuneration policies? I attended the AGM of RM Plc on Monday the 26th March at their offices near Abingdon. It’s always good to see a company’s offices (they were a bit drab, although in a modern building on a science park – rather like a school in fact), but I am not greatly pleased when they set the time for 9 o’clock on a Monday morning. I did complain ...