Tipster touts RM

Enviable Position

RM, trading at around £2.95, is being tipped as stock worth buying. The company supplies computer kit to around 50 per cent of the UK’s primary schools and 33 per cent of secondary schools, and the Investors Chronicle said: “It is in an enviable position given the government’s pledge of £400 million over four years for capital investment in the nation’s classrooms.” RM’s annual sales are over £100 million but schools spend only one per cent of their budgets on IT and even a small increase would have a significant effect, boosting RM’s revenues and profits. The Chronicle cites some big contract wins, including the management of a £43 million project from Dudley Council, and a huge deal with Germany’s largest educational publisher. ®

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