We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Statpro Group Plc | SOG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 236.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 236.00 | 236.00 |
| Top Posts |
|---|
Posted at 19/2/2018 15:08 by double double [...]StatPro benefiting from Delta belter The portfolio analytics platform operator has been shrewd in its acquisition policy and the purchase of Delta from UBS may just be the best acquisition yet StatPro Group PLC (LON:SOG) has long augmented organic growth with a series of bolt-on acquisitions, but the purchase of Delta could be the best yet. It's still early days for the acquisition in the spring of 2017 of Delta, the risk and performance analytics service it bought from UBS, but the signs are very good. "The acquisition and successful integration of Delta in May was the highlight of 2017. Delta has since increased sales and plans are in place to achieve functional parity for Delta within StatPro Revolution,” said Justin Wheatley, the group chief operating officer of StatPro. The acquisition gave StatPro “scale” and significantly enhanced its product capabilities, with the portfolio analytics platform operator working hard on migrating Delta's unique functionality onto StatPro Revolution's platform. With Delta joining the family, StatPro's analytics service will branch out from the middle office to the front office of asset managers. The acquisition followed the previous year's purchase of a 72.7% stake in South African software provider, Infovest Consulting Ltd. Infovest specialises in data warehousing and reporting software for the asset management industry, a sector in which StatPro also operates. 2016, meanwhile, saw the company acquire Investor Analytics (now known as Alpha), which will also beef up the group's flagship cloud platform, StatPro Revolution. Reaping rewards of early investment in the cloud The group's early switch to the cloud, which started taking place in the latter half of the previous decade before most of us had even heard of the term, looks to have been a very shrewd one. The cloud-based StatPro Revolution platform saw organic revenue growth of 16% in the first half of 2017, as the group as a whole reported a 2% organic rise in revenue. The group announced in a trading update that full-year revenues for 2017 are expected to be around £49.0mln, up 30% from £37.6mln the year before. Annualised recurring revenue (ARR) for the group as a whole rose by 39% on a constant currency basis to £53.0mln from £38.1mln the year before. ARR for StatPro Revolution rose 13% organically. Adjusted underlying earnings are expected to be roughly £6.9mln, up 35% from £51mlm the year before, when the audited figures are published. Net debt at the end of the year had doubled to £20.2mln from a year earlier as the company ploughed money into its acquisitions. The legacy StatPro Seven platform is still soldiering on, but software-as-a-servic “This success is undoubtedly due to our early investment in cloud technology, over eight years ago. The complexity and scale of the technology we have developed will be difficult to imitate,” said Wheatley. “We are now firmly established as a leading innovator in the rapidly digitising asset management industry.” Research house Edison continues to see strong upside potential The research house said the 2017 trading update was broadly in line with its forecasts. It is forecasting revenue of £48.9mln for the year just ended and sales of £57.3mln in the current year. It expects profit before tax to surge to £4.2mln this year from its forecast £2.7mln in 2017. With the company investing for growth, Edison is not expecting the 2.9p annual dividend to be changed. Edison said that bearing in mind a number of takeovers in StatPro’s sector in 2017, the stock looks cheap. Key competitor BISAM was acquired by Factset for 7.3 times annual sales. On the same multiple, StatPro – currently capitalised at £168mln – would sell for around £342mln. “Separately, [the] LSE acquired Yield Book (a key competitor of Delta) along with Citi Fixed Income Indices from Citi for 6.4x sales, although we understand that the US$685mln price largely related to the indices. Additionally, SS&C is acquiring DST Systems at c 2.4x 2018 sales,” Edison noted. The stock does trade on a high earnings multiple, as befits a growth company. Based on Edison’s forecast of earnings per share of 4.9p for 2017 the stock is valued at a poky 37 times earnings but this falls to 25 in 2018 based on Edison’s forecast. “Our DCF [discounted cash flow] model, when incorporating 10-year organic revenue growth of 4.4%, terminal growth of 2%, a long-term margin target of 24.5% and a WACC [weighted average cost of capital] of 9%, would value the shares at 224p,” Edison said. At the time of writing, the shares were trading at 180.5p. |
Posted at 20/3/2017 12:15 by bjfanc Statpro looks cheap given thishttp://investor. |
Posted at 15/5/2014 11:05 by oregano From Hotviews;Key year starts well for StatPro Peter Roe, 09:08, 15 May 2014 Portfolio analysis and asset pricing services provider StatPro has made good progress in 2014 so far, as reported at yesterday's AGM. Trading is in line with expectations. This is a key year for StatPro as it furthers its plans of becoming a pure cloud-based supplier. StatPro is driving through the development of cloud-based StatPro R+, to replace its biggest revenue generator, StatPro Seven, an IT platform used in around 150 asset managers. Beta trials have gone well, further functionality will be added later this year and the StatPro team are working with clients to build migration strategies. SaaS providers must avoid the trap of offering "the same for much less money", particularly as cloud delivery can cost the service provider more than "traditional" methods. Key is ensuring that the customer receives additional functionality and utility via the cloud; better reliability, availability, access to more features, easier upgrades, etc. Many asset managers may be reluctant to move from a tried-and-tested in-house system. StatPro must resist the temptation to bribe them into migrating, instead convincing them of the business benefits available. It is good to see that StatPro will also be adding extra services to the Revolution product throughout 2014. For this product, client numbers continue to grow, up to 277, adding 20 since the end of December. The AGM statement reminds readers of the near term impact on financial results of the company's plans. Analysts are forecasting further EBITDA falls. Investors will thus have to remain patient (the shares have gone nowhere over the past year). 2014 is a key year for product investment and increasing the momentum of the cloud transition. As we have said before, see here and work back, StatPro is doing the right things, but there is still much to do. |
Posted at 13/5/2014 20:49 by mach100 Hmm these are really unloved, Shall we investors have a real bums out man hug to console the price? Having read through the thread it seems to be an investment that is always about to pay off. Quite a nice divi but on a high trailing P/e. Any views from holders? |
Posted at 13/3/2014 18:01 by dashton42 "Buy", says Investors Chronicle. For those with access: |
Posted at 16/7/2013 09:48 by lucky_punter StatPro's outlook is cloudy, but in a good wayBy John Harrington The outlook for portfolio services firm StatPro is cloudy, but that's a good thing, as customers flock to its Cloud-based product StatPro Revolution. "StatPro Revolution has grown in sales and clientsevery month and the message we bring to the market continues to spread further and further afield. StatPro Revolution provides a better, more flexible and lower cost way for fund managers to meet investor demands for transparency, regulation and generating new business," said chief executive, Justin Wheatley, in a trading update covering the first half of the year. |
Posted at 11/1/2013 11:27 by tradervic Andrew Fabian, Group Finance Director of StatPro Group to present at the London Innovators and Investors ForumIt is our pleasure to invite you to attend the forthcoming Innovators & Investors Forum on the 29th January 2013 at the Business Design Centre, London. This will be an exclusive invitation only event organised by Shares Magazine and Cenkos Securities. As an active private investor, we are sure you would appreciate this unique opportunity to receive privileged access to 30 diverse, forward thinking and energetic technology companies at a single event. Many of the exhibiting companies are currently involved in some very exciting projects in an effort to drive future growth, and development within their industries. The event will be supported with an extensive conference program, including keynote speakers and company presentations. We sincerely hope you are able to attend and that you find the experience both profitable and enlightening. Companies represented include: 1Spatial Avanti Communications Bango Bond International Software Group Brady CML Microsystems Corac Cyan Holdings eg Solutions Energetix Group eServGlobal Forbidden Technologies Fusion IP Globo incadea InternetQ IQE KBC Advanced Technologies Netcall Optimal Payments Plastics Capital Probability Quindell Portfolio StatPro Group WANdisco Event time: 12.30pm to 5.30pm Complimentary refreshments and luncheon provided To register for this event please CONFERENCE AGENDA AS AT 09.01.13 (To be updated once presentation speakers are confirmed) 12:30 Registration & Lunch 14:00 Keynote speaker - Richard Penny, Senior Fund Manager - Legal and General 14:15 Shares Magazine presentation - Russ Mould, Editorial Director 14:30 Company presentation - David Richards, President & CEO - WANdisco 14:45 Company presentation - Henrik Bang, CEO - Netcall 15:00 Company presentation - Marcus Hanke, CEO - 1Spatial 15:15 Company presentation - tbc 15:30 Coffee Break 16:00 Company presentation - Stephen Blundell, CFO - eServGlobal 16:15 Company presentation - David Baynes, CEO - Fusion IP 16:30 Company presentation - Stephen Streater, CEO - Forbidden Technologies 16:45 Company presentation - Charles Cohen, CEO - Probability 17:00 Company presentation - Simon Smith, Non-Executive Director - Cyan Holdings 17:15 Close This agenda is subject to change and alterations For further information, please visit our |
Posted at 09/12/2010 12:53 by aim_trader Justin Wheatley of StatPro says its Revolution software will be a 'significant opportunity'Thursday, December 09, 2010 Justin Wheatley, CEO of StatPro, tells Proactive Investors that the release of its 'Revolution' software in February 2011 will be a significant opportunity for the company and has tremendous potential. Justin also says that increasing market regulation also provides opportunities for StatPro. |
Posted at 09/12/2010 11:52 by ceohunter StatPro's Proactive Investors One2One Presentation in London on the 8th December 2010: |
Posted at 28/10/2008 21:37 by joan of arc As an aside support the Kill the Spread campaign. It is in all our interests!!See below :- www.killthespread.co October 2008 (2) Dear Supporter, We wrote to you earlier this month with details of the Kill the Spread campaign objectives - since then word has really started to spread! Below are the links to the latest news and articles written about the campaign over the last two months. Were you aware that the London Stock Exchange is facing a High Court claim of anti-competitive behaviour from Plus Markets?? Change we need.....so what's next? Since we last wrote to you, we have been approached by several brokers, wanting to know more about the Campaign and offering their assistance! We were very encouraged by this it's comforting to know we aren't the only ones complaining about the AIM and its Market Maker system. It's killing their business too! We have learned a lot from their perspective on the way the AIM works and have now started discussions on some interesting initiatives including: 1/ Ways of creating an alternative Broker account for AIM shares, which could effectively cross stock between buyers and sellers, bypassing Market Makers and avoiding spreads. 2/ Creating a "ring-fenced" nominee account, offering guarantees to shareholders that their stock will not be loaned in the Market to cover short selling. We think these could be very compelling propositions for Investors and any views or feedback you could give us on this would be very helpful; info@killthespread.c We are also discussing ways forward to achieve the big systemic changes we are looking for with Direct Market Access, and we hope to be able to update you shortly with some very interesting developments. We are finding that there is a willingness to listen to the voice of the Private Investor, but to turn these initiatives into constructive measures, we need to prove we have sufficient numbers behind the Campaign.......... and this is where you come in! Hitting those Numbers! At this crucial stage your support is essential and we are now asking you to make a really big effort on behalf of Kill the Spread..... As a growing grass roots movement, we are now being taken seriously. We want our demands to be implemented as soon as possible and the only way we can ensure this happens is to prove beyond questionable doubt that a significant number of Private Investors are totally dissatisfied with the way the AIM market currently operates and are demanding change. In simple terms - we need to get the numbers up - and fast! 5,000 supporters = ACTION! Our target is to get to up to 5,000 supporters. We're getting there but we need to get there quicker!! We are currently up to just over 1,300 supporters on the Poll - so there is still a way to go. We are getting publicity but we really need the word to spread......So please, make sure you tell as many Investors you know about Kill the Spread. You can spread the word in the many ways: Talk to others Investors about the campaign Post a link to the site on your Blogs Post a link to the site on Bulletin-boards, Tell people in you Share Club/Investor Group Tell Everyone!! Ask people to sign up at the website and get them to complete the on-line poll it won't cost you anything and will only take a few minutes of your time. Help give us a real push and remember if every supporter brings in just 3 new supporters - our numbers will quadruple!! We are now on the brink of making a real difference for all Small Cap Investors - so a big push for more supporters right now is just what we need! Thank you once again for supporting Kill the Spread with your support change really is possible! Kind regards Campaign Coordinator Kill The Spread www.killthespread.co info@killthespread.c Please email us at info@killthespread.c Recent News: The London Stock Exchange is facing a High Court claim of anti-competitive behaviour from Plus Markets Great Article by Tom Bulford another mention from Dominic Frisby (mention is at the end of this article) |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
