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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Outsourcery | OUT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 4.125 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 4.125 | 4.125 |
| Top Posts |
|---|
Posted at 26/4/2016 21:50 by driller50 £4m refinancing deal with Vodafone, which will leave the FTSE 100 giant with a warrant over 3 million shares in the company.Vodafone Group has offered cloud computing company Outsoucery a cash injection of £4m. The refinancing deal will enable Outsourcery to support its requirements and pay investors, explaining it will allow ‘further alignment with major strategic partner Vodafone’. The company has granted Vodafone a warrant for 3m Outsourcery shares, at 30p each, accessible within 42 and 54 months after the deal. |
Posted at 26/4/2016 10:33 by loverat Looks like investors in this one are saying 'I'm OUT'.A disaster zone. |
Posted at 14/10/2015 13:26 by timnicebutdim Not short, visited Outsourcerys offices in Manchester 2 years ago as a potential investor, very smart offices in a central location looked at their revenue and costs and decided that they were living way beyond their means so to speak. Plus they are not unique, I have experience of many different cloud providers and also know about the PSN/NSF framework and the other providers that are on, if you were for instance working in a Government department and were answerable to Ministers for buying decisions, would you chose Outsourcery a company that looks close to collapse or a company such as BT who is also under Lot 10? If your job was on the line who would you chose? |
Posted at 30/9/2015 11:38 by tiborinvest this company just sucks. i was the only investor present at the last agm. seriously. |
Posted at 24/11/2014 15:30 by leebong Cloud computing specialist Outsourcery’s momentum continued, climbing 6.25p to 21.25p as Investec told investors to buy. Even though it needs to “prove it can deliver” the promised level of business, Investec thinks the firm, headed by Dragons’ Den star Piers Linney, has long-term potential. |
Posted at 22/11/2014 10:14 by tpau From the other thread...femaletrader 20 Nov'14 - 12:08 - 431 of 433 0 0 OUT 71P Why Outsourcery just surged by 89% By Lee Wild | Thu, 20th November 2014 - 11:27 Why Outsourcery just surged by 89% We caught up with cloud service provider Outsourcery recently, and after an interesting conversation with chief executive and Dragon's Den star Piers Linney, concluded that "the shares could fly." Eight weeks later, and having just secured inclusion on the Microsoft Cloud programme, they have. As part of the Microsoft Cloud Solution Provider Programme, Outsourcery can now provide direct billing, sell combined services and support Microsoft Cloud offerings such as Office 365. "We are able to further integrate Office 365 with our own offering down to billing whereas previously the billing and contractual relationship was managed by Microsoft," said Linney Thursday. "As we have already proven, we can add material value for end-customers by integrating Office 365 with our own cloud capabilities to create hybrid solutions for commercial and public sector organisations." This is a clear boost to Outsourcery whose share price has slumped since listing on AIM at 110p in May last year. It closed at just 10.25p Wednesday night, but traded as high as 19.35p Thursday. As we acknowledged in September, there have been problems. Partners have come on stream much slower than expected, always an issue when dealing with big organisations. That explains modest revenue of just £3.4 million in the six months to June 2014, which includes no contribution from key strategic partners. With hefty admin costs of £4.8 million, Outsourcery made an underlying pre-tax loss of £3.6 million during the period. But it's the top line that's important here. Its main cost is people, and spend doesn't increase much whether the business is generating sales of £1 million or £50 million. "The model isn't broken, it's just delayed," Linney told Interactive Investor. "If Vodafone (VOD) and Microsoft (MSFT) thought we weren't special they wouldn't be working with us." Outsourcery focuses on the delivery of services based on Microsoft technologies; things like servers and emails. It designs and deploys cloud services for partners, which it then bills monthly based on usage and storage. Others are charged a monthly fee. Contracts are typically for three to seven years. Interestingly, the company is also working with Microsoft and Dell (DELL) on highly secure cloud services for central government. Linney tells us that Outsourcery is one of only two UK companies capable of doing this on scale, and hopes to generate revenue from it during the first quarter of 2015. According to house broker Investec Securities: The company will need to prove that it can deliver this level of new business from its growing pipeline. More frequent news of material contract traction with its large partners will give forecast confidence and ease balance sheet concerns. Until we see evidence of this we expect the stock to continue to be volatile, but retain our Buy based on the long term potential of the business. Our new 71p TP is based on 2x FY15E EV/Sales. As we said before, Outsourcery shares are not for widows and orphans, but they should do well when there's evidence of greater up-take. |
Posted at 21/11/2014 12:06 by leebong Outsourcery (OUT) A 50 day moving average break could lead to 40pAs is normally the case with beaten down stocks of all shapes and sizes, the main problem for most traders and investors is trying to steal themselves to get back in the saddle if it appears the sell off has been overdone. Presumably some brave souls are grappling with this type of issue at Quindell (QPP) at the moment? As far as Outsourcery PLC (LON:OUT) shares are concerned at the moment we are coming off quite a bruising breakdown as revealed by the daily chart from April through to June in the first phase. The break of the June floor in August at 23p has seen the stock slide further, but at a decelerating rate. The hope as far as the bottom fishers are concerned is that the latest spike for the stock is more than a dead cat bounce and a weekly close back above the 50 day moving average now at 15.19p could be the technical buy trigger for lasting recovery. Indeed, this feature is key given the way that in many of the most bearish scenarios it is the 50 day line which can single handedly cap any recovery attempts. In fact, those who are cautious on the bull argument here at Outsourcery could wait for the intraday high of Thursday at 19.35p to be broken to call the shares back up as high as the top of a broadening triangle from June towards 40p – a 1 to 2 months price target. At this stage only a weekly close back below the triangle floor at 10p would really be dangerous in terms of hinting at an extended downside move. www.directorstalk.co |
Posted at 08/7/2014 17:04 by tommytipple1 KEEP IT FRESH AND NEW.Bashers are finished watch them appear funds buying and retail investors are back. Many of these businesses have merit and the current depressed share prices represent potentially interesting entry points. Incoming investors will need patience, however, as management rebuild confidence in the proposition. Cash rich overseas companies remain potential acquirers of businesses with interesting intellectual property and evidence of commercial traction. Outsourcery announced that one of its major partners had secured their first order. And on 3 June, a smaller channel partner signed up their first customer, too: global engineering group Lloyd's Register. The values of the contracts were not disclosed, but it's a start. Valuation: Pace of adoption drives valuation Our base case discounted cash flow calculates a per share value of 525p (down from 546p before our forecast changes). If revenues in five years' time were 25% lower than forecast, we estimate this would reduce the per share value to 288p, still substantially above the current share price. The markets will need to see evidence of strong growth in MRR for the share price to move towards these values and newsflow that strategic partners are signing up initial customers could provide a catalyst for performance. If management can deliver on its strategy, the potential for valuation upside is significant Source: Edison Investment Research, Outsourcery (historic) Impact on valuation Given the early stage in the company's development, there is significant forecast uncertainty and we present a number of valuation scenarios below. Our forecasts assume that revenues increase to £12m in 2014, £23m in 2015 and £36m in 2016 (a three year CAGR of 96%) driving an increase in the EBITDA margin to 35% over the same period. Beyond this period, for DCF purposes, we assume the growth rate fades (CAGR 15% 2016-2022) to 2% in perpetuity with EBITDA margins peaking at 52%. This returns a DCF value of 525p (down from 546p before the forecast changes). If we assume the company delivers a slower revenue growth than our base case (25% lower by 2016), then we calculate a share value of 288p, still materially above the current share price Threshold(s) that is/are crossed or reached: vi, vii More than 6 % 8. Notified details: A: Voting rights attached to shares viii, ix Class/type of shares if possible using the ISIN CODE Situation previous to the triggering transaction Resulting situation after the triggering transaction Number of Shares Number of Voting Rights Number of shares Number of voting rights % of voting rights x Direct Direct xi Indirectxii Direct Indirect GB00B9G9LV10 1,847,395 0 2,347,395 2,347,395 6.78% 5. Date of the transaction and date on which the threshold is crossed or reached: v 3 July 2013 6. Date on which issuer notified: 7 July 2013 7. Threshold(s) that is/are crossed or reached: vi, vii More than 4 % and 5% 8. Notified details: A: Voting rights attached to shares viii, ix Class/type of shares if possible using the ISIN CODE Situation previous to the triggering transaction Resulting situation after the triggering transaction Number of Shares Number of Voting Rights Number of shares Number of voting rights % of voting rights x Direct Direct xi Indirectxii Direct Indirect GB00B9G9LV10 1,358,759 0 1,847,395 1,847,395 5.34% Shareholder name Number of shares Holding % Piers Linney & family 4,890,147 14.14 Simon Newton & family 4,890,147 14.14 ETIVE Captial Limited 3,567,182 10.32 BlackRock Investment Management 3,075,110 8.89 SFM UK Management LLP 2,902,454 8.39 Hargreave Hale 2,859,787 8.27 Ennismore Fund Management 1,116,286 3.23 |
Posted at 08/7/2014 17:03 by tommytipple1 Bashers are finished watch them appear funds buying and retail investors are back.Many of these businesses have merit and the current depressed share prices represent potentially interesting entry points. Incoming investors will need patience, however, as management rebuild confidence in the proposition. Cash rich overseas companies remain potential acquirers of businesses with interesting intellectual property and evidence of commercial traction. Outsourcery announced that one of its major partners had secured their first order. And on 3 June, a smaller channel partner signed up their first customer, too: global engineering group Lloyd's Register. The values of the contracts were not disclosed, but it's a start. Valuation: Pace of adoption drives valuation Our base case discounted cash flow calculates a per share value of 525p (down from 546p before our forecast changes). If revenues in five years' time were 25% lower than forecast, we estimate this would reduce the per share value to 288p, still substantially above the current share price. The markets will need to see evidence of strong growth in MRR for the share price to move towards these values and newsflow that strategic partners are signing up initial customers could provide a catalyst for performance. If management can deliver on its strategy, the potential for valuation upside is significant Source: Edison Investment Research, Outsourcery (historic) Impact on valuation Given the early stage in the company's development, there is significant forecast uncertainty and we present a number of valuation scenarios below. Our forecasts assume that revenues increase to £12m in 2014, £23m in 2015 and £36m in 2016 (a three year CAGR of 96%) driving an increase in the EBITDA margin to 35% over the same period. Beyond this period, for DCF purposes, we assume the growth rate fades (CAGR 15% 2016-2022) to 2% in perpetuity with EBITDA margins peaking at 52%. This returns a DCF value of 525p (down from 546p before the forecast changes). If we assume the company delivers a slower revenue growth than our base case (25% lower by 2016), then we calculate a share value of 288p, still materially above the current share price Threshold(s) that is/are crossed or reached: vi, vii More than 6 % 8. Notified details: A: Voting rights attached to shares viii, ix Class/type of shares if possible using the ISIN CODE Situation previous to the triggering transaction Resulting situation after the triggering transaction Number of Shares Number of Voting Rights Number of shares Number of voting rights % of voting rights x Direct Direct xi Indirectxii Direct Indirect GB00B9G9LV10 1,847,395 0 2,347,395 2,347,395 6.78% 5. Date of the transaction and date on which the threshold is crossed or reached: v 3 July 2013 6. Date on which issuer notified: 7 July 2013 7. Threshold(s) that is/are crossed or reached: vi, vii More than 4 % and 5% 8. Notified details: A: Voting rights attached to shares viii, ix Class/type of shares if possible using the ISIN CODE Situation previous to the triggering transaction Resulting situation after the triggering transaction Number of Shares Number of Voting Rights Number of shares Number of voting rights % of voting rights x Direct Direct xi Indirectxii Direct Indirect GB00B9G9LV10 1,358,759 0 1,847,395 1,847,395 5.34% Shareholder name Number of shares Holding % Piers Linney & family 4,890,147 14.14 Simon Newton & family 4,890,147 14.14 ETIVE Captial Limited 3,567,182 10.32 BlackRock Investment Management 3,075,110 8.89 SFM UK Management LLP 2,902,454 8.39 Hargreave Hale 2,859,787 8.27 Ennismore Fund Management 1,116,286 3.23 |
Posted at 22/6/2014 16:31 by hedgehog 100 "Smallworld: Investors tell Outsourcery, "I'm OUT"By Matthew Allan , 18 June 2014 Dragons' Den star Piers Linney is in the dungeon with investors after the collapse in the share price of his Aim-traded tech venture Outsourcery (OUT). Mr Linney became a 'Dragon' on the hit BBC show in 2013 after an entrepreneurial career in telecommunications and internet businesses dating back to the dot-com boom. He co-founded Outsourcery, a provider of cloud-based IT services, in 2007. After he "invested millions" in the business, Mr Linney told us Outsourcery required more capital to "scale up" so he floated it on Aim in May 2013, raising £13m at a price of 110p a share. He topped up the company's coffers with a further £4.2m placing at 112p a share in December (all of the shares were placed by Investec). But by 11 June, the share price had fallen to just 28p. So what happened? Sources close to Outsourcery adamantly deny the price move was based on recent trading activity or clumsy institutional investor selling; rather, they blame a wider sell-off in technology stocks. The Aim Technology Index has retreated by 20 per cent since April, having more than doubled in the previous two years. But the two-thirds fall in Outsourcery's share price over the same period would suggest either something else may be going on, or the shares were wildly overvalued to start with. Andrew Darley, research director of technology and telecoms at small-cap broker finnCap, suggests it's a bit of both. "The fall from grace from a highly-rated stock is a potentially precipitous one," Mr Darley wrote in a recent note to clients. "We think [Outsourcery's IPO] marked the starting gun for the valuation hysteria in the UK." At the same time, there has not been as much sales growth as investors initially hoped. The company needs to nearly quadruple 2013's revenues just to break even or turn a small profit, because of its large fixed cost base. Outsourcery has been loss-making for much of the past seven years - it lost around £10m in each of the past two reporting periods - while it developed its platform that bundles together Microsoft cloud applications such as online video conferencing, file sharing and storage, and other traditional services such as Microsoft Office. "In IT, things are going in one direction and that is cloud," Mr Linney says, "Companies no longer need to build expensive systems in-house; instead, they can consume services over the internet for a monthly fee per user." Microsoft is a leading developer of cloud-based applications and Outsourcery wants to be the largest re-seller of them. It's a competitive market, but one in which Mr Linney believes Outsourcery may have a head-start on competitors. Other companies are nevertheless likely to catch up quickly. To capitalise on its first-mover advantage, Outsourcery has partnered with other middlemen such as Vodafone, Virgin and BT, who have agreed to try to sell Outsourcery's services to their existing business customers. The partnerships could eventually prove very fruitful but Outsourcery has already been working with some of them for years - and as yet the relationships have not translated into substantial sales. As finnCap's Mr Darley expounds: "Our preference...is for direct sales to a tighter niche. Nobody would really want their company's sales success to be decided by Vodafone's lame duck that is Cable & Wireless, or the attention deficient behemoths that are Virgin Media and BT when wearing their channel hats." That said, on 28 March Outsourcery announced that one of its major partners had secured their first order. And on 3 June, a smaller channel partner signed up their first customer, too: global engineering group Lloyd's Register. The values of the contracts were not disclosed, but it's a start. Analysts from house broker Investec Securities and paid research group Edison have both increased their group loss estimates for 2014 since initiating coverage last year, due to rising costs. They have yet to downgrade revenue forecasts, but this may only be a matter of time. Edison's base-case discounted cash-flow model calculates a per share value of 525p should Outsourcery meet its revenue projections for the next five years. That would make the shares, at 28p, a potential 19-bagger. Both brokers highlight the key risk to their forecasts as "timing on partners securing deals". Our view, and seemingly the view held by the market, is that the lofty revenue estimates for the Dragon's business are likely to go up in smoke. At the time of its IPO, Outsourcery's enterprise value-to-forecast sales ratio was about six; it's now closer to two, which Mr Darley says is "probably the right price". About Smallworld Investors Chronicle's Smallworld column focuses exclusively on companies listed on London's Alternative Investment Market (Aim) with a market capitalisation of less than £100m. This is a chronically under-researched area of the market, even though it represents over three-quarters of Aim companies. We caution, however, that trading in these types of small-cap shares carries a higher degree of risk and is often volatile or illiquid." |
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