Arcontech Share Discussion Threads

[bill182] 25/2/2013 08:16

flasheart - for my sins, I have held these for a long time! The company is making slow but steady progress and will hopefully be cash flow positive in this current financial year.

I think there is a good chance the company could be taken over given that Andrew Miller has left and if that were the case, the take-out price would be a lot higher than the current share price.

[flashheart] 25/2/2013 07:58

One to tuck away bill for good growth in a developing business.

[bill182] 25/2/2013 07:56

From the report:

"New customer contracts obtained during the six month period to 31 December 2012, together with contract wins in January 2013 result in our contracted annual recurring revenues amounting to £1.9 million covering 82% of the cost base."

[bill182] 25/2/2013 07:45

Half year results out! Positive developments and mention of contract wins in January, plus improving cash position, since year end.

[lexus880] 20/2/2013 14:47

dont hold your breath

[bill182] 13/2/2013 16:51

Well...there has been a bit of trading activity of late which bodes well. The interims should be out any day now and given we already know they are better than last year, if there is some other positive news, we may even see a recovery in the share price!

[bill182] 30/1/2013 08:29

flashheart - he is not a director, but has held shares in the company since it was formerly KTS - Knowledge Technology Solutions. He is definitely here for the long haul and I feel quite confident that he will have had discussions with the company before committing further funds. Bear in mind that his original stake would have been at a much higher level.

[flashheart] 29/1/2013 13:13

Who is the guy with the 77m? Director or otherwise?

[bill182] 29/1/2013 13:11

34Simon - true, but how much did he pay for his other 57 million? I'll bet it was a lot more than that.

[34simon] 29/1/2013 12:29

Nice that buyer gets his 20 million for 0.05p when the spread was 0.06-0.09 wish
we could buy for below the bid it would be easy money :-))

[flashheart] 28/1/2013 20:47

Very interesting here.....see this heading the same way as COMS recently and both going into profit.

[bill182] 28/1/2013 14:47

I see Investec have continued to reduce their holding here...now down to 9%.

[bill182] 28/1/2013 14:21

The interim results could be out in the next couple of weeks, and we already know that turnover has increased and the losses have been reduced compared to last year. Some contract win news would certainly help the cause!

[cheeky13] 23/1/2013 19:01

Over 49m shares traded today, something up?

[bill182] 04/1/2013 10:31

Nice start to the day...up 5.8%. In the RNS yesterday, the company stated that the turnover would be up on the previous year and that the losses have been further reduced.

Given that the NA's are £1.67m and a lot of the R&D is charged in the period incurred, I am unsure what the value of the business would be in a sale situation. The IP on their products clearly have value given that the City Vision suite is being used by large Institutions, but on three times the net assets, that would give a share price of circa 0.32p.

It will be interesting to see how this plays out now that Andrew Miller has left the company, especially as he holds quite a few shares in the company.

[bill182] 03/1/2013 17:05

Well...the market seems to like the news today...up 21%, although it has a long way to go to get back to a sensible valuation.

[bill182] 03/1/2013 11:25

It appears the MM's like the news and have moved up the bid price. Buys showing as sells at the moment!

[bill182] 03/1/2013 08:11

An interesting development with the resignation of Andrew Miller. This could pave the way for a sale of the company. Given the mkt cap is only currently just over £1m, it would be an excellent opportunity to buy tried and tested technology at a knock-down price.

[bill182] 03/8/2012 07:47

There are a few positives in the results, but I have to say I am disappointed that the company still incurred a loss - albeit reduced from the previous year.

The company states it has sufficient funds to see it through to profitability, but I think we need some contract wins announced quickly if we are going to see a decent sustained rise in the share price.

[nicd] 03/8/2012 07:17

PRELIMINARY RESULTS FOR THE YEAR ENDED 30 JUNE 2012

Arcontech Group plc (AIM: ARC), a provider of enterprise level real-time software solutions to the investment banking and broking sectors, reports its preliminary results for the year ended 30 June 2012.

Chairman's Statement

Arcontech Group plc has achieved notable progress during the year ended 30 June 2012. The business is now focused on the CityVision suite of software products with particular emphasis on Multi Vendor Contribution Systems ("MVCS"), Excelerator, our real time Excel product and CityVision Cache.

We believe that the opportunities for our products are at a level not previously experienced by the group. We do, however, have to convert these opportunities into sales. Whilst this has proved a little frustrating, with decision-making and proof of concept trials taking longer, we have secured new contracts of almost GBP1 million over three years. As at 30 June 2012 the contracted annual recurring licence fees amounted to GBP1,589,110 (2011: GBP1,538,216) representing approximately 76% of our annual costs (2011: 73%).

Turnover for the year increased by 14% to GBP1,463,530 (2011: GBP1,287,409). The underlying increase was 28% after eliminating revenue from the loss-making AXE product, which we stopped actively marketing during the year. The operating loss for the year was GBP595,147 (2011: GBP817,855). During the year we continued to invest significantly in product development and improvement. These costs are written off as they are incurred.

Financing

As at 30 June 2012 Arcontech had cash balances of GBP746,675 (2011: GBP841,204). The reduction in our cash resources is due to the operating loss incurred during the year, arising primarily due to our continued investment in product development together with lengthening payment periods from clients. Based upon the level of our sales prospects and our continued tight control of costs the Board believes that Arcontech has sufficient financial resources to see the business through to profitability.

[bill182] 09/7/2012 12:59

Moving up again! Third week in a row....maybe we are about to receive some further positive news!

[nicd] 06/7/2012 08:34

tick up this morning

[bill182] 06/7/2012 08:34

Moving up again! It would be nice to get a year-end trading update confirming the positive impact on cash-flow and revenues following the £1.85m orders received since January.