Portrait Software Share Discussion Threads

[attilio7] 14/10/2008 15:35

Charts are no guarantee that previous bad performance, will continue ;)

[kruger2004] 14/10/2008 10:49

look at the chart, this has been going down for years

[attilio7] 14/10/2008 09:17

And can we go up again? Yes we can. Sorry I just couldn't stand seeing you talking to yourself any longer.

[kruger2004] 13/10/2008 16:37

yes we are

[kruger2004] 13/10/2008 14:12

are we heading for a new low?

[kirs] 15/9/2008 11:21

As I understand it they have added a number of companies over the past few years - and revenue has gone down over the years except for '07 when revenue grew after a terrible fall the year before (I think afer a sizeable acquisition of Quadstone which had about £3m of revenue but was performance targeted at £3.5 - £4m). Revenues '04 - 19.7m, '05 - 14.3m, '06 - 11.6m, '07 - 14.7m, '08 - 14.1m. So yes the underlying business has been dying at a pretty fast rate. The risk here is if they still have a wider range of products that stress resources (support, maintenance, specialist implementation skills and development), and revenues decrease, then it makes a pretty bleak picture.

Don't follow closely, but it seems that they have not found the growth button, and have had misses on the brokers forecasts. Only looking for £14.9m in '09, and then jam in '10 - of 17.5m. Not a growth share, and fairly poor profit ratios... To have a P/E of 15 for next year and 10 in '10 seem to be a pretty good valuation in this market.

[napoleon 14th] 06/9/2008 13:50

Vaguely interested; I have a few from AIT days (had sold half AIT on a double!)

I guess fully diluted eps of 0.30p means a P/E of 40 at this level.
Expensive, but there's no cash problem.
It's not another PLM (sold yonks ago for real money!)

So bottom line is - do they grow earnings enough to justify a price movement
or get taken out @ 15p or more?

One of the doziest (& safe) places in the market, so doze on...!

[kruger2004] 05/9/2008 09:17

anyone interested in portrait?

on face of it upbeat trading statement issued at AGM today, but (and there always is a but with Portrait)....

says sales in first half are expected to be ahead of last year. They should be they bought a company called million handshakes towards end last year which should add £1m to revenue in first half.

So is underlying turnover growing?

They have done this before; covering up a decline in the underlying business by adding revenue in from acquired businesses.

[kirs] 19/8/2008 12:48

this company is struggling to make much out of itself.... Disappointing results given that it has started as a big company, bought other companies that used to be big companies, and is..... a small company. A bit of a potted history and a habit of missing goals, with a collection of assets. Are the sum of the parts greater than the sum of the whole?

[barn owl] 06/7/2008 20:32

Took advantage of the low valuation on Friday and bought a few for a long-term punt. Silly prices really.
Good luck all.

[rcktmn] 20/6/2008 13:59

Well, the 15p level was short lived wasn't it? what's going on ? mms taking us for a ride !

[kruger2004] 20/6/2008 11:05

how does anyone justify pst's valuation compared to ien, fsg and fio - all of whom are much more profitable.
Hasn't pst missed its profit targets every year for past 4 years?

[attilio7] 20/6/2008 09:41

GM all,watch out for Portrait Software's full year results on Tuesday and Pilat Media's AGM statement on Wednesday.

[rcktmn] 19/6/2008 21:03

just need it to go 16p+ so I'm in profit at last !

[rcktmn] 19/6/2008 21:02

nice upward momentum going on here b4 next Tuesday's results...perhaps word is that the're excellent and the "significant" deal is closed!

[kruger2004] 19/6/2008 18:23

what the heck is going on here?

[kruger2004] 18/6/2008 09:24

is the forecast in the market for fy2009?

[rcktmn] 17/6/2008 14:09

Let's hope they have now been able to close that key deal with a significant partner that they couldn't do in time for Q4 recognition !?

[rcktmn] 17/6/2008 14:05

bit more of a tick up today..perhaps it's looking good for half decent results ?

[yangou] 13/6/2008 13:51

Glad to see them up a bit today after buying a few more yesterday

[brando69] 06/6/2008 23:50

believe the ceo has done a broadcast on sharecrazy...

[rcktmn] 06/6/2008 07:27

Yep, sittiing tight and hoping for positive movement in the share price which this company deserves to be at.
I got in when it was 15.5p so a break-even level would be nice for starters !

[attilio7] 06/6/2008 00:43

Portrait Software: Azini stake building

Last Thursday it was disclosed that Azini Capital, a UK based active investor in technology stocks, had purchased another 7.2m shares from Amadeus Capital Partners, thus lifting its stake in Portrait to 19.78%. This appears to be a positive move, since with Azini's prodding and expertise, it may in due course trigger a corporate transaction to maximise shareholder value.

we should sit tight and await developments. Full year results are scheduled for Tuesday 24th June.

[rcktmn] 23/5/2008 11:28

It's obviously the wrong PST he's referring to.

Below is the last trading update...It looks good to me and the share price has bottomed out..the only way can be up...(imho)

Portrait Software Plc
02 April 2008
Portrait Software plc
('Portrait' or 'the Company')

Year End Trading Update

Portrait Software plc (London: PST), a leader in Customer Interaction
Optimisation software, announces today that sales for the year ended 31 March
2008 are expected to be approximately £14 million.

Revenues in the second half year of approximately £7.7 million showed an
increase of more than 20% from first half. Licence revenues more than doubled
in the second half to approximately £2.8 million, compared to £1.1 million in
the first half, and total licence revenues increased by over 15% year on year.

Based on the expected revenues, the Company expects to be profitable before tax
in the second half and for the year as a whole. Gross cash at the end of the
period increased to £3.9 million.

The Company secured several new client wins in the second half of the year,
including a significant contract in Australia worth more than £2 million over
three years (including £0.9 million licence), plus a number of important
Customer Analytics, Uplift and Campaign Execution deals in both financial
services and other sectors. However, we were unable to close a key deal with a
significant partner in time for Q4 recognition.

Nick Randall, CEO of Portrait, commented, 'We have made good progress with
several new strategic initiatives in the second half of the year, including the
recently announced acquisition of Million Handshakes, which significantly
enhances our range of software applications to help B2C marketers to do their
job much more effectively. Prospects remain strong in most areas of our
business and we are confident that the actions we have been taking, both
internally and as a result of our recent acquisition, make us well positioned to
take advantage of the opportunities we are seeing in the B2C marketing
applications arena, and that as a result we are progressively reducing our
exposure to the financial services marketplace.'

Portrait will be announcing its full year financial results in June 2008.

[attilio7] 23/5/2008 10:46

Things are looking up we've even got a deramper. LOL