Letters by company
Rpmglobal Holdings Ltd
9 letters discussing RUL. Everything written about it on this site is on its ticker page.
- Forager Funds Management Annual Report June 2026 Forager argues that the AI capital-spending boom has become a sector-specific bubble while neglected software and value businesses offer better prospective value. The firm sold Fiserv after its turnaround failed, exited richly valued Comfort Systems and Zegona, added to selected Japanese software holdings, and retained conviction in operating progress at companies including Cuscal and IDP Education. 2026 financial year 5038 $209MAMA $151MBVS $1B
- Forager Funds Management Monthly Report | October 2025 Forager Australian Shares Fund sold Bravura Solutions after its outlook upgrade drove volatility, judging a material growth uplift necessary to support the valuation. It expects Caterpillar's acquisition of RPMGlobal to close in February and considers the bid fair, while Praemium and Aroa Biosurgery issued encouraging updates and OFX disappointed. October 2025 BVS $1B
- Forager Funds Management Monthly Report | July 2024 Forager Australian Shares Fund discussed RPMGlobal’s earnings shortfall, attributing it to lower one-off licence fees and contract timing while noting growth in sticky subscription revenue. The fund participated after a forced seller exited Motorcycle Holdings, and cited continued growth at NZX in funds management and wealth technologies. July 2024 —
- Forager Funds Management Annual Report Forager Funds completed its platform consolidation and argued that dispersed small-cap valuations create opportunities beyond concentrated US indices. The International Fund sold Open Lending and Janus International, while the Australian Fund reduced Gentrack, exited Seven West Media and recycled capital toward recurring-revenue businesses. 2024 financial year APG $18BCAT $779MCLH $15B
- Forager Funds Management Forager Australian Shares Fund Monthly Report February 2024 Forager Australian Shares Fund added Bravura Solutions after its management-led cost reset and sold Lovisa Holdings following a sharp rerating. RPMGlobal and Hipages were supported by revenue growth and operating leverage, while Fineos, Bigtincan, Seven West Media and Motorcycle Holdings faced weak execution or demand conditions. February 2024 BVS $1BFCL $512MHPG $72M
- Forager Funds Management Australian Shares Fund Monthly Report December 2023 Forager Australian Shares Fund argued that RPMGlobal, Viva Leisure and Experience Co have improved operating fundamentals while their valuations remain depressed. The fund added Praemium after its selloff but requires tighter cost control, and expects Whispir's contested takeover to produce an acceptable outcome despite weak operations. December 2023 EXP $45MPPS $198MVVA $97M
- Forager Funds Management Forager Australian Shares Fund Monthly Report October 2023 Forager Australian Shares Fund increased its Tyro Payments stake after the investor-day selloff, arguing that continued growth and cost control support the existing valuation. The fund backed Whispir’s capital raise while pressing for leadership change, and cited RPMGlobal’s upgraded earnings guidance, cash generation and buyback as support for the largest holding. October 2023 TYR $262M
- Forager Funds Management Forager Australian Shares Fund Monthly Report August 2023 Forager Australian Shares Fund backed Readytech’s organic software growth and cash-margin potential, and cited RPMGlobal’s expanding mining-software revenue and client wins. It expects Tourism Holdings to benefit from higher rental yields and recovering tourism, while likely supporting Pacific Equity Partners’ takeover of Healthia and redeploying the proceeds. August 2023 RDY $115MTHL
- Forager Funds Management Forager Australian Shares Fund Monthly Report July 2023 PointsBet became a new value case after agreeing to sell its US operation and return much of the proceeds, leaving investors with its Australian and Canadian businesses at a low implied valuation. RPMGlobal reported rising subscription revenue and sharply higher profits, while Whispir and Catapult benefited from encouraging updates and cost actions. July 2023 PBH $174M
