Ibs Opensystems Share Discussion Threads

[tole] 25/4/2008 09:26

Only just noticed the press comment today relating to "Traders believe IBS OPENsystems has received a preliminary bid approach".
Seems to have been poved correct then....

Gotta wish I bought back in now :((

[cowyed] 20/1/2008 12:19

New Chief Exec clearing the deck. Expect results substantially below forecasts. If they were going to just miss, then I bet there is enough slack in there to cover the gap. So I would expect a full clear out now - some more senior management going and 'new' share options granted at around current pricing with more or less guaranteed up side. Buy after results.

[trader2] 18/1/2008 06:05

Quite a mark down on the basis of a statement "that was not too bad". In the bad old days PW's came in threes. Need to see the results now to to know if I take my loss. Hey ho.

[trader2] 19/2/2007 07:39

AFX Outlook THURSDAY FEB 22
Year to Dec 2006 pre-tax profits and earnings per share at IBS OPENSystems
PLC will be ahead of all formal stockmarket expectations, the software solutions
provider said in Jan.
The results have been partly driven by increased margins and a favourable
product mix, but will also reflect the core strategy of targeting market share
gains in both Local Government and Social Housing sectors, together with the
sales success of the additional solutions, IBS OPENQuery, IBS OPENMobile and the
newly-launched IBS OPENExec solution.
Altium's Jonathan Imlah has pencilled in pretax profits of 6.4 mln stg, up
from 5.7 mln, for EPS 11.2 pence against 9.9. He expects the total payout to
rise to 2.3 pence from 1.5.

[wjccghcc] 16/2/2007 19:12

Hopefully in the FY results, they'll break out the recurring income. Can't see much slowdown in social housing spending myself so it's really whether the local council efficiency drive will continue. Given the cost savings involved from using their software, I'd be surprised if it didn't.

[foxman14] 16/2/2007 18:22

Can't get access to the note but apparently Altium have cut their recommendation for shares in IT companies exposed to the public sector after a perceptible slowdown in spending. However Altium are Anite's NOMAD who have been losing business in the public sector to I believe, amongst others, IBS OpenSystems and now want to dispose of this division as they are not the number one or two supplier in that marketplace.
My take on the Altium note is that Anites FD got hold of some pimply graduate at Altium and convinced him that there is no future in supplying services to the local authority to justify their disposal strategy, hence the sell note. But that is my take.
So 'top up' or 'not to top up' that is the question!

[wjccghcc] 16/2/2007 17:07

Hmm. Looks like a late friday afternoon mugging of some PI whose stoploss was triggered by that institutional sale at 170p. Tempted to add some ahead of the results, although Altium has had them down as a sell for the last 3 months. Not quite sure why since they think Civica is a buy and they're in the same sector and pretty much on the same valuation (IBS with organic growth vs Civica by acquisition). Numis has them as a buy.

Anyone got access to the Altium sell note?

[foxman14] 16/2/2007 17:03

This is stange after a positive trading statement last month. Large seller at 170p. Do they know something we don't? Raising funds when they announce prelims? Or is it just a lucky buying opportunity on Monday?! Any views?

[wjccghcc] 14/2/2007 11:12

Well I have a few. This is pretty much back to where it was prior to the TS. Good well-run company, although unnoticed by the market. Hopefully that will change with the results.

[foxman14] 14/2/2007 10:58

Worth a punt? Trading statement on 16/1/07 stated profits/earnings were ahead of all formal stockmarket expectations and something like 15p off the highs made earlier this year

[tole] 03/10/2006 17:23

03-Oct-06 IBS Opensystems OPN Altium Capital Add 188.50p - - Reiteration

[tole] 25/8/2006 12:43

Top for now perhaps?
Altium downgraded to hold from buy with 205p target.

[tole] 17/8/2006 15:21

Breaking highs today

[tole] 03/8/2006 09:25

Nice little write up in Shares today - where they give it a BUY rec.

[tole] 25/7/2006 10:56

One day soon I'm sure. ;)

Numis has a buy rating and increased target of 215p from 210p for IBS Open Systems.

21-Jul-06 Altium Capital Buy 170.00p 195.00p - Reiteration

[wjccghcc] 25/7/2006 08:47

Good results, bullish outlook. Only need to improve H2 EPS by 0.4p (vs 1.1p in H1) to beat full year expectations which I fully expect them to do. EPS of 12p must be on the cards putting them on a PE of 14 for the year nearly finished. Stonking cashflow too. At some point, they'll get noticed ...

[wjccghcc] 24/7/2006 15:21

Yup. Added a few ahead of them. PE of 15 dropping to 13 next year seems mean for a company in their position.

[tole] 24/7/2006 13:58

Results tomorrow.

[tole] 22/7/2006 20:18

Chiltern District Council goes paperless with IBS OPENSystems
14th July 2006

IBS OPENSystems, a leading provider of software and services to Local Authorities and housing providers, has announced that Chiltern District Council has gone live with its Electronic Document Management solution. It enables the council to electronically store and retrieve information relating to council tax, housing benefit and business rates. It also provides a comprehensive workflow system which fully integrates to all the back office systems.

Chiltern District Council captures all claims for Housing and Council Tax Benefit electronically. The workflow system enables the automatic transfer of electronic forms directly into the document imaging system. The average time required to process a new benefit application form at Chiltern is now less than 20 days, far exceeding the DWP standard.

Sue Trotter, Head of Revenues and Benefits, Chiltern District Council, comments: "IBS OPENSystems has helped make it possible for us to successfully introduce our generic way of working which has been a major factor in our consistently high performance. The system provides a fully integrated approach across all the modules which enables our staff to deliver an extremely high and efficient level of service to our residents. Full credit must go to the IBS team which have supported us throughout this latest implementation to ensure it was delivered on time. We are very pleased with the success of the project which has met all our expectations."

Paul Benton, Head of Revenues, IBS OPENSystems, comments: "Chiltern District Council has been a long standing customer for us. It is a great result and we have worked closely with Chiltern to deliver a state of the art solution. The project however, is not stopping there. The next phase of the project will involve providing electronic forms on tablet PCs to record claims outside of the office and populate the data directly into the OPENRevenues system, therefore eliminating re-keying of data from the forms altogether. Chiltern District Council will be able to achieve even more efficiencies and continue to provide superior levels of service."

[wjccghcc] 06/6/2006 08:25

Thanks Tole.

[tole] 05/6/2006 17:40

West Whitlawburn Housing Co-operative goes live with housing solution from IBS
05th June 2006

South Lanarkshire housing Co-Operative West Whitlawburn has gone live with a housing solution from IBS OPENSystems. The housing management solution will support West Whitlawburn in the management of its housing stock of which 80% are multi storey flats incorporating 544 properties under management.

Managing this volume of properties whilst operating within the parameters of the numerous efficiency agendas means that West Whitlawburn requires an effective housing management IT solution. However in September 2005, it became apparent that its previous housing system simply couldn't cope with its requirements.

West Whitlawburn needed to select a new housing management and maintenance system which would meet its needs and go live within just three months. Following a tender process, IBS OPENSystems was selected based on its ability to deliver a robust, cost effective solution within the necessary timescale.

The implementation, which consisted of IBS' core OPENHousing product suite including repairs, rent accounting, and arrears control functionality, took place between October 2005 and December 2005. Further modules including allocations and waiting lists were implemented from January 2006 and have just gone live.

West Whitlawburn's Director Paul Farrell, said:
"Despite the extraordinarily tight timescales, we had confidence in IBS's ability to deliver on time because of their excellent track record, not only in Scotland, but also with other housing organisations in England. Their consultants worked really well together with the Co-operative's staff to implement the OPENHousing software. Our staff found OPENHousing easy to set up and to use, with its intuitive HELP screens. The logical nature of the system is tremendously advantageous for new users. Having been put through the mill earlier in 2005 with a previous supplier, this came as a very pleasant relief. Tremendous credit is due to IBS and its staff in meeting this almost ridiculous timescale. The IBS people are tremendously professional and are a pleasure to work with. I would recommend them to anyone".

He continues:
"All the West Whitlawburn staff commented on the customer dashboard which displays a full profile of each customer on a single screen, enabling the speediest response to customer queries. That functionality, together with the excellent reporting suite, will help West Whitlawburn management and staff manage their business effectively and deliver an outstanding service to their customers."

"West Whitlawburn's staff were totally committed to the success of this project and this was a major contribution to the tight deadlines being met" said IBS' Project Manager, Jerry Dowsett.

[tole] 05/6/2006 17:40

Helena Housing drives down costs and increases productivity with mobile working
30th May 2006

St Helens based housing organisation Helena Housing has gone live with a mobile working solution from IBS OPENSystems, a leading provider of software and services to local authorities and housing providers.

Helena has worked with IBS OPENSystems for many years. As a trusted partner, Helena selected IBS to help develop a business case for a mobile working solution which would support its continued drive to reduce costs and improve service.

Helena and IBS identified that a mobile working solution could deliver substantial improvements to the organisation, in particular productivity increases, reductions in manual data entry and timesheet input and reduced fuel costs.

As the only fully integrated solution available in the marketplace, IBS OPENSystems could offer a cost effective solution which could be implemented quickly and easily. IBS also has a proven track record of delivery and committed to working with Helena to develop the solution to their specific needs.

Following the go-live of OPENMobile as part of a pilot phase, Helena Housing is now realising many of the anticipated benefits. Field staff can now use handheld devices while they are out visiting customers so that updates on repairs and timesheets can be logged immediately on completion. Because OPENMobile is fully integrated with OPENHousing and OPENContractor, it enables real-time data capture and manual data entry and re-keying of information is reduced significantly.

Helena's previous ticketing process for repairs is being phased out as jobs can be allocated and case records updated using OPENMobile, which in turn reduces the number of trips operatives make to and from the depot. As a result, productivity is increased and fuel costs are reduced.

Cath O'Neill, Helena Housing, comments:
"OPENMobile is the first fully integrated mobile solution available in this market and demonstrates a significant return on investment in a very short timescale. OPENMobile enables operatives working out in the field to update records in real-time and facilitate true, live record management.

She continues:
"We are already realising a raft of efficiency improvements, in particular reduced levels of manual data entry, fuel costs and inventory as well as significant return on investment in a very short timescale. OPENMobile enables operatives working out in the field to update records in real time and facilitate true, live record management.

[tole] 01/6/2006 16:48

Big sells after the close - all at 170p.
117,149
253,100
942,768
200,000
141,871
522,142

[trader2] 01/6/2006 16:46

Whats with the megga 2m of volume today at 170p ??

[tole] 11/5/2006 12:44

Integration hinders mobile working strategies in housing sector
10th May 2006

82% of housing departments and associations have stated that mobile working is a priority for them in the second year of Gershon, yet only 38% have a mobile working strategy in place. That's according to a poll commissioned by IBS OPENSystems, a provider of software and services to local authorities and housing associations.

Integration with other IT applications is the main bug bear faced by housing departments in developing a mobile working strategy. However, according to the poll, the greatest benefits in implementing a mobile working strategy are to provide flexible and innovative ways of working for housing staff (33%) and higher service to citizens (36%).

Martyn Rees, Head of Housing, IBS OPENSystems comments: "Housing associations face immense challenges. These range from being able to generate tangible savings in the second year of Gershon, improving ways of working for staff and enhancing service for citizens. Housing associations are coming around to the idea that mobile working strategies can deliver innovative, yet practical, ways of solving these challenges."

Martyn Rees, Head of Housing, IBS OPENSystems comments: "A great example has been the mobile working initiative at Helena Housing. Its field staff uses handheld devices to carry out updates on repairs and timesheets while they are out visiting customers which are automatically logged on completion. The scheme has already seen immediate benefits in achieving efficiency improvements. In addition to reducing levels of manual data entry, fuel and inventory costs have plummeted and there have been significant gains in productivity."

According to the survey, the repairs and job processing function was viewed as the greatest priority when considering the deployment of a mobile working strategy (70%).