Civica Share Discussion Threads

[fellowes] 30/11/2005 17:19

A New 12 month high achieved today.

Civica should now push forward as we approach results.
Plenty of upside left.

[fellowes] 23/11/2005 09:01

Looks like we may break through the 12 month high today.

Still far too cheap for the exceptionally strong growth.

[fellowes] 21/11/2005 18:46

Looks like the pre-results rally is starting with the confirmation today
of the results date. A forward PE of 13 is far to low with growth well in excess of 20% and for the quality of the company imo.

[johnroger] 06/11/2005 19:13

Sunday Telegraph

Civica

Civica (233.5p), the software and IT services provider, announced recently that it had won contracts with another five local authorities.


The company has recently completed the acquisition for £9m of Flare Software Systems, a business expected to bring Civica further opportunities in servicing public-sector clients. Despite the good news, the company remains trading at a price to earnings multiple of just 12.9 times compared with a sector average of 16.5 times.

The company claims to improve the efficiency of public-sector service delivery, a key focus of Government policy, and its products are likely to be in demand. Shares in Civica are volatile but look like a good buy while they remain below their high from earlier in the year of 250p. Buy.

[simon gordon] 04/11/2005 20:19

I notice that the suppport servicing outsourcers are starting to buy IT companies, so as to offer a bundled service. CIV looks like an excellent takeover target - someone would probably have to pay £3.00 plus. Forward P/E is 13 whilst peers are on 14.5.

My only doubt in buying this share is I dislike buying IT companies as they can be lumpy in landing contracts. The return since they floated is 25% which for two years in a dynamic, niche, growth sector is of concern.

[chasbo] 03/11/2005 16:17

According to Shares mag today these are likely to steam ahead.

[wstirrup] 20/10/2005 07:17

"5 New contract wins..."

Thought you guys would want to know...

W.

[typo56] 06/10/2005 21:10

Some hefty trades today. Alchemy placing?

[wole] 15/6/2005 08:50

You just asked! Chart added.

[davewheeler1] 13/6/2005 09:30

If 'Wole' is about can someone ask him to stick a chart in this thread?

I understand we are having a good day!

Dave

[davewheeler1] 11/6/2005 17:18

Dunno mate...

Is it?

DW

[jbarcroftr] 11/4/2005 08:41

Is civica about to bid for comino?

[johnroger] 25/2/2005 16:38

LONDON (AFX) - Civica PLC, the software company, said trading to date is in
line its budget and expectations, and added that it is confident about prospects
for growth.
In the text of a speech to today's AGM, chairman Lawrence Vaughan also said
the recently acquired Radius is trading in line with forecasts.
"Business activity in our major markets remains robust and Civica continues
to secure new business across each of its three areas of strategic focus," said
Vaughan.

[johnroger] 08/2/2005 15:08

Times Online

February 08, 2005

Smaller Stock to Watch



Civica, the IT services provider that floated on AIM last year at 175p, added 8p to 235½p on securing a £1 million online procurement contract from Hammersmith & Fulham Council in London. The deal is the first success for Radius, Civica's finance systems business, since it was bought in September for £14 million. Analysts suggest that a recent efficiency review carried out for the Government will encourage further such contracts.

[wjccghcc] 03/2/2005 16:17

Fidelity adding again.

[mushington] 16/12/2004 09:25

Civica - seems definately undervalued, especially when compared to others in its peer group. Considering the impressive set of recent results - it is on a forward
PE of less than 14. There is potential for a large upside for this share. A more realistic price based on a PE of around 18 to 20 times would be around £2.95-£3.20.

Definately one to consider.

[aly48] 14/12/2004 14:46

Good article on Citywire

Plenty of Civica pride
Published: December 2004
By Joanne Wallen, Associate Editor

Civica's maiden annual results have come in slightly ahead of expectations as the profitable and mature software firm proves why so many shrewd investors backed its March placing.
When Civica floated in March and Citywire identified no fewer than nine shrewd investors buying in to the initial placing.
The company provides IT systems to local government and the police, and according to chief executive Simon Downing, business is booming.
Figures for the year to September have been stated on a pro-forma basis due to the reorganisation of the group prior to flotation, but actually reflect true trading performance.
Turnover grew 17% to £104.1 million, pre-tax profits increased by 24% to £8.3 million, earnings per share advanced 25% to 12.9p and the company will pay a final dividend of 1.2p, making a total of 1.8p for the year. Cash generated from operating activities was strong at 174% of operating profit and the company finished the year with cash in the bank of £6.8 million and net current liabilities of £6.3 million.
Downing said he was 'very pleased' with the results, which show a considerable strengthening of the business both financially and operationally. 'We've made some important investments that are really starting to pay off,' he said.
The group won 50 new customers during the year, and now boasts some 327 local authorities in the UK and 47 of the UK police forces. It is also the number one software provider to local authorities in Australia.
Civica applications include finance, e-procurement, parking, revenues and benefits. On the police side applications include surveillance and number plate recognition.
Following a review of public sector efficiency by Sir Peter Gershon CBE, the 2004 government spending review included a target for efficiency gains of over £20 billion by 2007/8, (£6.45 billion in local government alone). Downing reckons Civica is well placed to benefit from the recommendations in the review. He said Civica has broad knowledge of a range of the back-end systems used in local authority, and is therefore very well equipped to help drive efficiencies by linking these systems.
The company provides both software and consultancy, and has a growing recurring revenue stream from managing these software systems on behalf of customers. Recent wins include 10-year deals at London Boroughs of Kingston and Southwark and a 10-year partnership with NCP to provide parking services for St Albans City and District Council. There is also a seven-year agreement with City of Lincoln to provide services for Revenues, Benefits, Environmental Health and ICT departments.
The company does not yet offer full business process outsourcing, but Downing said this would be a logical next step.
Civica has a small business in the US which is profitable, but Downing said the strategic focus for now is the UK and Australia.
The shares are up 1p at 211p. We said in June at 193p that they were a good longer-term bet.

Citywire Verdict:
Civica is a pleasingly mature and profitable business for a recently floated company, and its prospects in the local authority and criminal justice arena are promising over the next few years.

House broker Seymour Pierce has a buy rating and 250p price target on the stock. It points out that earnings per share growth of 25% and a further uplift forecast by the broker of 20% this year are at the top end of the peer group, while the shares are trading on a multiple at the low end of the group. At the price target the shares would be on 15 times earnings, and are currently on just 11.8 times the broker's 2006 estimates.

[aly48] 14/12/2004 12:27

Good results, can't see any complaints with those.
Showing a good investment these and the added bonus of a divi

[jbarcroftr] 13/12/2004 17:25

RESULTS TOMORROW.HOPEFULLY HELP THE PRICE UP

[aly48] 30/11/2004 15:59

"Another vote of confidence for Civica PLC"
Agreed, though makes the price drop in the last few days all the more surprising.

[aly48] 30/11/2004 15:54

RNS Number:7513F
Civica PLC
29 November 2004


FOR IMMEDIATE RELEASE 29 November 2004


Civica plc
Notification of Preliminary Results

Civica plc notifies the London Stock Exchange that the Company will be
announcing its Preliminary Results for the year ended 30 September 2004, on
Tuesday 14 December 2004.

An analyst briefing will be held at 09.30 am and a press briefing at 11.00 am at
Buchanan Communications, 107 Cheapside, London, EC2 on Tuesday 14 December 2004.

For further information please contact:

Buchanan Communications
Tim Thompson or Nicola Cronk 020 7466 5000

[johnroger] 29/11/2004 18:50

Another vote of confidence for Civica PLC
29 November 2004





29 November 2004



Scottish Authorities Redefine Service Delivery Performance Measurement


Civica, Aspiren and Computacenter consortium awarded a #1.5 million contract

by ten councils to develop performance management framework



A group of ten Scottish local authorities led by East Lothian Council has
awarded a #1.5m contract to develop a Performance Management Framework to a
consortium comprising performance management consultants Aspiren, local
government software and services provider Civica, and IT services and
infrastructure provider Computacenter.



The three year project to establish a framework for measuring workloads and
improving performance in service delivery has received funding from the
Department for Work and Pensions (DWP) along with a number of other local
authority projects working to develop products that will bring about
improvements in the administration of housing and council tax benefits.



The Performance Management Framework will assess how well the councils deliver
housing and council tax benefits using key performance indicators that measure
areas such as the responsiveness and accuracy of their service delivery. Further
to this, these indicators will be linked to the performance standards and best
practices published by the DWP.



Analysing and reporting performance is an integral part of effective service
delivery but can be a huge burden for local authorities, especially when data is
distributed across a variety of sources. Additionally, regular workload
management information returns are required by DWP, and getting these right is
all important as the subsidies paid to local authorities are calculated on the
basis of these returns



The Performance Management Framework will enable managers within the ten
Scottish councils to gain greater visibility into performance and reduce the
reporting burden, whilst reassuring authorities that DWP is given accurate
information about their performance and workloads. The councils will be able to
benchmark their activity with other authorities and then work together to
address performance issues and find common solutions.



The Framework will include the implementation of performance measurement
processes based on defined key performance indicators, and software designed to
automate the processes and reporting procedure. Following the pilot phase, the
solution has the potential to be extended to other local authorities and regions
and to address other council areas beyond housing benefit.

[johnroger] 22/10/2004 16:41

More good news today

RNS Number:3582E
Civica PLC
22 October 2004

22 October 2004

CIVICA plc

launches latest "Authority" Revenues and Benefits suite for improved performance
and efficiency


Civica plc, one of the UK's most experienced providers of consulting, software
and services for the public sector, has launched its latest local government tax
and benefits suite, called Authority Revenues and Benefits, as well as its
branded expert consultancy services called Authority Solutions. Together, this
combination of next generation systems with practitioner-led consulting services
will help councils to deliver better services and reduced administration costs.
The Authority Revenues and Benefits suite and Solutions services will also help
councils to meet legislative requirements, both now and in the future.

Civica has been delivering revenues and benefits solutions to local authorities
since the 1980s. Adopting Microsoft's .NET platform, the latest Authority
Revenues and Benefits suite provides an enhanced business solution, from council
tax collection and benefits claim processing to fraud management, mobile working
and practical e-services. Bringing together front and back office capabilities
in a flexible and scalable architecture, the suite enables councils to
streamline the administration of collections, claims, payments and fraud
investigations, to deliver modern accessible services and greater efficiency. It
provides the integrated applications needed for effective service management,
together with workflow and document image processing (DIP), mobile computing and
a range of Internet-enablement options, such as e-billing.

At the same time, Civica has brought together its proven local government
business and systems consulting activities under the Authority Solutions brand.
The Authority Solutions team is led by experienced practitioners with particular
strengths in local government finance, taxation and benefits. It also includes
public service specialists with technology architects and project managers to
blend outcome-based advice, planning and service delivery with systems
integration and IT best practice. Services are based on successful partnerships
across local government, education and healthcare and range from creating and
delivering performance plans, to IT infrastructure deployment.

Particular areas of focus include performance management, funding and
procurement support, resource support and optimisation, process automation, IT
strategy and efficiency, including e-government and mobile working.

Whilst customers can select from individual systems and services, Civica offers
a fully managed service whereby the company manages infrastructure, applications
or whole business processes to guaranteed service levels, allowing local
authority staff to focus on core service provision.

Paul Tonks, managing director of Civica Systems, explained: "Managing revenues
and benefits functions is a crucial and visible task for councils faced with
growing expectations and challenging efficiency targets. It is complex, often
costly to administer and can be vulnerable to fraud. The imperative is to ensure
both the ability and the capacity to deliver a business solution.

"Authority Revenues and Benefits gives local officers the necessary tools to
deliver consistently high levels of service, whilst our experienced Authority
Solutions team work alongside customers to recommend and implement change and to
deliver priority outcomes. It is that combination which allows Civica to deliver
effective local level solutions."

[aly48] 22/10/2004 14:28

Certainly getting noticed now, if the price is anything to go by!