Coda Share Discussion Threads

[boadicea] 13/10/2006 08:44

The spike was hard to explain. So hard in fact that I actually sold for 208p - a very rare piece of good timing.
The question now is whether the fall to this extent is equally hard to explain.
Are mm's short and is it a shake?
We shall know soon but not soon enough to produce as much profit as intelligent (or lucky) anticipation.

[kingfast] 13/10/2006 08:36

The giant is feeling a little sickly at the moment. What a retrace.

[kasman] 09/10/2006 00:31

Thanks Dio

[diogenesj] 07/10/2006 09:53

Sorry, kasman, I don't really have a firm enough grasp of the figures after the split to give a target. I do know that Coda has good management and is the growth business, and I was encouraged by Thursday's announcement of the largest ever licence sale.

Yesterday's reaction seemed natural after Thursday's leap, and I don't think it was anything to worry about.

[boadicea] 06/10/2006 11:58

Price action today is a bit violent!
Sold some at 208.2p an hour or two ago, now back to 188p!

[kasman] 05/10/2006 23:07

Where do you see this by year end DiogenesJ?

TIA

[diogenesj] 05/10/2006 23:03

Very significant RNS this morning imo.

[wjccghcc] 05/10/2006 19:44

Wow. Held codascisys for a while but always preferred the Coda side which has always had very good management. Added first thing but clearly not enough ...

[mikeyw] 05/10/2006 16:18

The market is starting to wake up to the potential here !!

[boadicea] 05/10/2006 14:42

Nice to see the demerger get off to a flying start.

[mikeyw] 28/9/2006 14:54

With the demerger from SciSys the company stands stronger as a single entity. This is bourne out by the steady climb from it's starting price around 140p.

I was hoping to see £2 by Christmas but this looks like a conservative estimate on this weeks performance.

[snellington] 28/9/2006 14:16

This co. has demerged from Codascisys and is now Coda plc.

Looks like a good time to jump in.

25 September 2006
CODA announces strong results for first Half-Year 2006


Profit up 6.5% to £4.9m
Revenue up 7.4%
Improvements in all key measures
CODA Group, the finance systems specialist, today announced its half-year results for the 6 months to 30th June 2006. This forms part of the announcement of the results for CODASciSys plc (CODA's parent group).

Highlights of CODA's performance¹ include:

Profit
Profit² up 6.5% to £4.9m (£4.6m - 2005)
Margin 18.8% (19.1% - 2005)
Year end outlook remains in line with market expectation
Revenue
Total revenue up 7.4% to £26.0m (£24.2m - 2005)
CODA turnover by type
A balanced stable business
CODA Division operational headlines – H1 2006
Business volumes continue to increase
Over 7,000 new user licences issued in half year (of which 5,000 in Q2)
Improving returns and continued investment:
Larger opportunities
Consolidation in market brings CODA more opportunities
Increasing disenchantment with costs and timescales of ERP solutions
Europe-wide marketing initiatives
Client base attrition very low
Maintenance growth substantial
Quoted on AIM (stock code: CSY), CODASciSys plc has its headquarters in Chippenham and is a supplier of specialist software, consultancy and IT services. CODA develops and markets packaged software and solutions for the finance departments of medium and large organisations around the world.

Jeremy Roche, CEO of CODA, said: "This has been a great first half for CODA, and a great way to launch CODA as an independent company. We float on AIM tomorrow in our own right, and I am confident that we can use this result as a springboard for our independence. We've spent the first half of the year consolidating the investments we made during 2005 and we believe that they are now fully integrated with the existing business and contributing to CODA's development. This has helped us deliver growth in all key measures."

During the first half of 2006, CODA continued to deliver new products and new versions of its existing product lines. These included:

OCRA Version 3
CODA-Control Version 2
CODA-Intelligence Version 2
CODA-Analytic Explorer
Mr Roche concluded: "I'm very confident for the outcome of the second half of this year. We've seen mixed signs from the market with price pressures in some sectors, and growth opportunities in others. However, we've also seen a number of key competitors fall by the wayside. We're absolutely focused on meeting and exceeding market expectations for the rest of the year."


¹ All figures incorporating Business Collaborator and CODA IT Services business units
² Excludes HO costs (proforma £0.5m (£0.5m - 2005))


ABOUT CODA
CODA provides best-of-class, finance-based management information solutions. These include award winning accounting and procurement systems linked to a suite of applications that support finance, reporting and analytic processes across the organization. Amongst these complementary applications is a range of powerful new collaborative applications, to streamline and automate key business processes – such as: regulatory compliance, financial period-end close or corporate responsibility programmes. These analysis and collaborative solutions integrate seamlessly both with CODA applications and other leading operational systems to capitalize on customers' existing IT investments. CODA's product offerings are all underpinned by expert consultancy, education and support services, delivered by teams of experienced accountants and technology specialists.

Founded in the UK in 1979, the CODA Group now employs more than 550 people around the world and delivers global sales, service & support through its own offices, together with a carefully selected network of partners. Its customers include over 2,500 medium and large user organizations – worldwide and across all industry sectors.