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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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Ssp Hold | LSE:SSPH | London | Ordinary Share | GB00B1D3Q599 | ORD 0.1P |
Bid Price | Offer Price | High Price | Low Price | Open Price | |
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Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
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- | O | 0 | 188.50 | GBX |
Ssp Hold (SSPH) Share Charts1 Year Ssp Hold Chart |
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1 Month Ssp Hold Chart |
Intraday Ssp Hold Chart |
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Top Posts |
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Posted at 28/7/2008 13:06 by engineer66 Thanks mud for drawing my attention to SSPH. A good company and a rewarding investment. I'm almost inclined to buy some more with an offer price of 187p and a bid of 190p. Its a very modest but adequate return. Say at least 1.5% over 3 months at worst, may be over 2 months so a return 6 to 10.5%. I am looking at Tenon TNO just now. |
Posted at 26/6/2008 09:11 by nick of the north From an insurance mag.."There has been plenty of speculation as to the potential buyer. SSP identified the company only as a financial buyer, presumably rather than a trade buyer, suggesting a private equity house. The sticking point to any deal is likely to be the valuation. After Open International's £276m price tag (roughly equating to a price/earnings ratio of 22), expectations have been raised that other software houses will be able to command a similar multiple. In SSP's case, this would equate to a price of around 240p per share, a premium of 54% on its current share price, and a total sale price of around £200m. Would a buyer be prepared to pay such a hefty sum? In the post-credit crunch worldsuch a valuation would seem extraordinary." |
Posted at 24/6/2008 11:40 by lomax99 GCI comment:Recommended as a strong buy at 136.5p last month, shares in SSP Holdings have skipped 16 per cent higher on news of an approach, and remain compelling fare based on further bid excitement as well as the group's attractions as an independent. Following upwards momentum in the share price, the largest provider of software and services to the UK general insurance sector confirmed it is in early-stage discussions with a financial buyer, which, in well-worn form, 'may or may not lead to an offer being made for the company'. The predator in question is no doubt attracted to the various merits of the business that we highlighted not long ago. Namely, it provides 'business-critical' systems to insurers and insurance intermediaries, with its client roster including the likes of Fortis Insurance, Norwich Union and Swinton. Moreover, its high-margin and highly cash-generative revenue model is a source of strength, combining subscription licence fees, transaction fees and long-term managed service contracts, lending the company a high proportion of recurring revenue and high earnings visibility. Even if a bid fails to materialise, SSP is a superior business worth backing for the long-term, with its exposure to the cash-rich general insurance market as well as industry consolidation playing into its hands. Next month, SSP is forecast to unveil annual profits of £11.6m and 10.9p of earnings, from turnover of £63.2m, ahead of £15.6m and 13.6p for March 2009. Trading on forward earnings multiples of 14.5 and 11.6, the shares still look great value and investors might consider adding to existing holdings Market cap: £130.97m PE Forecast: 14.5 Share price: 158.5p |
Posted at 19/6/2008 07:56 by tole Read comment from broker yesterday on the news - they dont expect any real premium to the current price, (8.5x 2009e EV/Ebitda) Primarily based on the facts that the interested party is a financial buyer, current debt market state, and recent NorthgateInformation |
Posted at 18/6/2008 15:55 by nick of the north Have been trying to compare this possible acquisition of SSP to the one done by Towergate last year of OpenGI for £276 million.Can't get exact figures but assuming SSP with the acquisition of SiriusFS last year are now large than OPenGI. If SSP was to be acquired at a comparable price to OpenGI, £280 million and with 82 million SSP shares that would give a possible price of £3.40 per share. Understand the market isn't as buoyant as last year but the current share price does seem a little low. Any views on these figures? |
Posted at 10/6/2008 13:07 by nick of the north Some big trades gone through today at mid-price. Is this the "Assembling" you was talking about mudbath. |
Posted at 06/6/2008 11:18 by mudbath "Assembling" a large buy order is the terminology my brokers are using.Even though the price does not currently reflect their interest-it will manifest itself before too long.imo. |
Posted at 03/6/2008 10:41 by tole And seen as one of KBC Peel Hunts key software sector plays. With a 190p target price (14x 2009 estimates) Their recent update sees scope for a continued re-rating within the sector. (Attractive earnings growth, high margins and revenue visibility) |
Posted at 03/6/2008 10:22 by tole Was also a nice write up by Altium back on 20th May as they initiated coverage with a Buy Rec and 175p target price. Predict compound earnings growth of 25% over the coming 2 years and highlight its defenisve qualities.Believe they have it down for 2008e of 10.9p and 2009e of 14.2 rising to 17.3 in 2010e. |
Posted at 22/5/2008 10:35 by engineer66 Looks a class act mudbath. High recurring revenues, market leader and sensibly building distribution channels through acquisition. But need to keep the organic growth going too as p/e pretty heady. share price keeps going higher and in eventually at 145. What concerns me is the share volumes are rather small, so it might be just us folk buying! I am not really a trader. However the re-rating might be warranted on fundamentals. Company should gain greater analyst coverage and interest which will help if their trading is genuinely good. They must be due to report soon? I hope they won't disappoint. Fingers crossed. Any views on earnings projections and whether they are realistic? |
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