Portrait Software Share Discussion Threads

[ztan] 31/3/2010 13:25

23 pounds worth sold,may be someone knows something.

[greengiant] 26/3/2010 13:58

Must be some really dodgy character :-)

Nice one

gg

[ztan] 25/3/2010 19:18

is it jims son.

[patviera] 12/3/2010 11:58

holding in company?

[napoleon 14th] 22/2/2010 12:05

Well, in since AIT days. Had sold half on a double.
'09/10: share price up 300% Y on Y!

If H1 eps =.3p on PTP of £.4M, & say the trend continues thru' to the bottom line,
H2 eps could be +50% @ .45p, = Y09/10 eps of .75p, & @ 22.5p that = P/E of 30.

Quite rich, but the growth could confirm a nice PEG.
Not selling, not adding.

[johnroger] 10/2/2010 15:11

Up 10% and no news that I can see.Apart from the large buys any explanation any one?

[patviera] 03/12/2009 22:06

tipped in ic...any comment from techinvest?

[bainsey] 25/11/2009 11:09

excellent results

[johnroger] 25/11/2009 10:30

Very strong first half results, it looks as though Portrait has turned the corner at last. Have any brokers commented on the likely outlook for the full year?

[isis] 21/9/2009 09:39

I can see these as a play in a more bullish market, perhaps a year or so away.
Can see better prospects like GLD for now though. imo

I remember these when they were AIT.

[patviera] 21/9/2009 09:32

gg...I think there is real momentum here and as you are fully aware shares overshoot so even thought fair value may be 20-2p there is a strong likelihood that they will go thru this level.I am looking for 25p(im sure directors wouldnt have bought if they thought shares only going to 20p although as we know drctrs arent always right)...gg have you looked at dwha as in my opinion they are less speculative.

[greengiant] 21/9/2009 09:18

pv - never buy companies because they could be acquired, buy companies because of strong fundamentals. Price target for these still remains 20 - 22p. Good statement today backs that up.

Director buys are good and LM is an extremely sales orientated CEO, so there should be no problem in experiencing top line growth. Longer term, I would have slight concerns over their ability to manage this growth profitably - but we are talking a couple of years down the road.

gg

[patviera] 19/9/2009 18:41

gg....do you think PST could be a takeover tgt ? and are you encouraged by the size of director buys?

[patviera] 19/9/2009 18:40

thx gg...love the analysis..you should look at gld as theyre even cheaper!!! have you looked at dwha...cash,freehold prop,shrewd family mngmnt,pbt 4 mill...mkt cap 17 mill... a no brainer!! or do you concentrate on software companies?

[greengiant] 19/9/2009 17:46

This is my first attempt at trying to understand the prospects of this company. I do not hold and I plan to be as objective as possible.

The immediate thing that springs to mind is that this company is extremely cheap if they achieve their 2010 forecast. Current broker estimates are for an EPS of 4.48p to 31/03/10, this puts the company on a PE of 3 - Cheap. But looking closer I would say highly unachievable.

There will be approximately 123565373 shares in issue, to generate 4.48p, the company would have to achieve operating profits for the year of about £5.5m. No chance so ignore the PE argument for the minute.

Analysing how the company performed over the past year shows the following.

H1 the company generate an operating profit of pre finance, tax, exceptional costs, associated costs of £371k. This company SHOULD be generating an operating profit % of 11% - 14%.

It would appear that the company threw out the kitchen sink in H2 last year which further strengthens my assumption that they should do 12% minimum. So say the company sales of £16m this year, and assuming a tax charge of 20% to take into account some of the losses rolled from prior year, the company should do anywhere from £1.5m - £2.1m after tax. This puts the company on a genuine PE of between 10 and 13. Not cheap, but not ridiculous.

I do not believe that this will be an asset play, but rather one based on recovery and a return to profitability. I would say that the company will be limited to a rise of max 25p with a more realistic price of 20p - 22p.

I must leave you now so will say that there is the asset play, and the company should start to generate significant cash.

One last point to the good, the company does not capitalise development costs which it is entitled to (R&D was £3.6m last year - no idea about the split). This would immediately enhance EPS. No idea why the company is adverse to this?

I must go now, the wife wants to go out so, I will post possible cashflows later in the week

gg

[bainsey] 25/8/2009 07:45

apology accepted.more good news due here.

[kruger2004] 03/8/2009 10:40

fair play bainsey looks like you may have called this one right. I apologise for calling you a mug!

[bainsey] 03/8/2009 10:14

kruger2004 you idiot are you watching the price ?

[bainsey] 03/8/2009 08:59

good write up in techinvest

[bainsey] 24/7/2009 07:19

24 July 2009


Portrait Software plc
("Portrait" or the "Company")


Directors' Shareholding


Portrait Software plc (London: PST), a leading provider of Customer Interaction
software, has been notified that on 23 July 2009, Mr. Paul Hewitt (Non-executive
Chairman) and Mr. Richard Goat (Non-executive Director) each made purchases in
ordinary shares of 2.5p ("Ordinary Shares") in the Company. Details of the
transactions are below.


+-------------------+----------------------+--------------+-------------------+----------------------+
| Director | Number of Ordinary | Price | Total holding | % of total issued |
| | Shares purchased | (pence) | post purchase | share capital |
+-------------------+----------------------+--------------+-------------------+----------------------+
| Paul Hewitt | 500,000 | 12.0 | 650,080 | 0.55% |
+-------------------+----------------------+--------------+-------------------+----------------------+
| Richard Goat | 390,000 | 12.0 | 512,311 | 0.43% |
+-------------------+----------------------+--------------+-------------------+----------------------+

[bainsey] 23/7/2009 07:25

Portrait Software Director/PDMR Shareholding



TIDMPST

RNS Number : 1327W
Portrait Software Plc
23 July 2009

Portrait Software plc ("Portrait" or "the Company")


NOTIFICATION OF DIRECTORS' DEALINGS

Portrait Software plc, a leading provider of Customer Interaction Optimisation
software, announces that at a Board Meeting held on 7 July 2009, approval was
given for the granting of the following options over ordinary shares of 2.5p
each in the Company ("Ordinary Shares") to Directors of the Company:
Options over 300,000 Ordinary Shares granted to Paul Hewitt
Options over 150,000 Ordinary Shares granted to Richard Goat
Options over 75,000 Ordinary Shares granted to Felda Hardymon
Options over 75,000 Ordinary Shares granted to Geoff Probert


The options were granted on 22 July 2009 at 13.0 pence per Ordinary Share and
are subject to a four year vesting schedule. The first vesting date is
22 July 2010 and the options may be exercised up to nine years from that date.


The Company also announces that both Felda Hardymon and Geoff Probert have
waived previously granted options over 75,000 Ordinary Shares each.


Current shareholdings


The Directors' current shareholdings in the Company are as follows:


+-----------------+------------+----------+-----------+----------+
| | Beneficial | %age of | Options | Warrants |
| | holding | ISC | | |
+-----------------+------------+----------+-----------+----------+
| Paul Hewitt | 150,080 | 0.13 | 300,000 | - |
+-----------------+------------+----------+-----------+----------+
| Luke McKeever | 75,109 | 0.06 | 2,000,000 | - |
+-----------------+------------+----------+-----------+----------+
| Matthew White | 192,857 | 0.16 | 2,053,030 | 11,449 |
+-----------------+------------+----------+-----------+----------+
| Geoff Probert | 631,825 | 0.53 | 301,515 | 115,844 |
+-----------------+------------+----------+-----------+----------+
| Felda Hardymon | - | - | 150,000 | - |
+-----------------+------------+----------+-----------+----------+
| Richard Goat | 122,311 | 0.10 | 150,000 | - |
+-----------------+------------+----------+-----------+----------+

[kruger2004] 14/7/2009 14:06

kiss kiss bainsey