||EPS - Basic
||Market Cap (m)
|Software & Computer Services
Servelec Share Discussion Threads
Showing 151 to 174 of 175 messages
|baloney from tony, member since, well, two days ago.|
|I'm quite concerned about their health and social care arm. Social care are losing heavily to Liquidlogic in the market, and the health and education products look old and tired.
Possibly even more worrying is the loss of key staff from the Corelogic side of the business - some really stellar people have moved on recently. Not good.|
|good company. delay in obtaining payments caused huge drop but then non-executive director bough 100,000 shares at around 234p.
strange dip on Monday on small volume but then late 2 huge buys have just gone through. I'm a holder and looking to add.
|What was that all about?|
|another positive RNS today|
|Half Year results as expected:
'On track for Full Year delivery despite difficult First Half'
Board seem confident about remainder of the year and 2017 onwards. IMHO.|
Yes, I read the SEC view on SERV. I am interested in the story but will hold back to see if the 2017 forecast is managed down as it gets closer.|
Not directly but I have recently taken a reasonable position in SEC, and SERV is their biggest investment, so I keep an eye out here. The write up on SERV in the SEC report that is linked to earlier in this thread is worth reading if you are considering buying in here.|
Next news is the Interims, 7th Sept.
Are you holding/buying?
Paul Marriage in the latest Schroders monthly report:
If Friday 24 June proved to be a tough day for many, then spare a thought for Alan Stubbs, the chief executive officer (CEO) of Yorkshire-based Servelec whose corporate world was turned upside down three weeks earlier. The business has two divisions, one that supplies software, primarily into the NHS, and the other that makes control systems for various energy and utility applications. On Friday 3 June the government told software vendors that a major refresh of systems, which provided a decent chunk of the growth for Servelec was now being put on hold due to budget cuts. Then, when Stubbs got back to the office from Westminster he found out that his largest energy customer had also delayed a key project due to an internal reorganisation. For a company that had built itself on very tight management of expectations in some challenging markets since the 2013 IPO, this was a body blow. The shares, the third-biggest positon in the portfolio fell 40%, cancelling out the gains made in BPI immediately. The company has taken swift action and it feels like earnings have been reset to very conservative levels which might allow it to get back on the ‘meet and beat’ track to rebuild credibility quicker than some. A very salient point to remember from this episode was that government cuts were pre referendum, any government-spend reliant business must be even more vulnerable now.|
|thanks SG. That's really useful.|
|Page 14 of this most recent SEC presentation gives an excellent summation of the Servelec story:
|I think this is a great share to buy but share price will probably stay at this level for a while until the next update. IMHO.|
|Anybody know what's going on? share price is +5% to 227p.
SEC has increased stake to 7.7% on 15th July, notified yesterday. They are not fools.
Non Exec Director bought 100K shares on 15th June at 234p after profit warning.
There have been two price monitoring extensions today.|
|eality Check: Would Brexit mean extra £350m a week for NHS?
By Anthony Reuben BBC Reality Check
15 April 2016
From the section EU Referendum
On Friday's Today Programme, on BBC Radio 4, Gisela Stuart, co-chair of Vote Leave, said: "Every week we send £350m to Brussels.
"I'd rather that we control how to spend that money, and if I had that control I would spend it on the NHS."|
|Another day of baffling trades.
My early 1K buy was dwarfed by 600K later on and only a tiny shift in the SP
PS Yet two trades of 2 shares and 17shares on May 20th take the share price up 8p but the later revelation of 60000 makes it reasonable.|
|Servelec just bought another company but no official announcement about it. It's a social care finance company, Abacus. Problem is they seem to be accumulating lots of different bits of the solution all on different development platforms. Anyone remember Anite? They did the same thing, buying lots of incompatible products.
Not sure it's the right approach when the competition are doing the same thing on an integrated development platform.|
|Same again today.|
|I`m surprised that the big trades today (if not rescinded) haven`t moved the price more but am still wondering what`s afoot.|
|Does anyone know the split between recurring software license and maintenance revenues vs one-time project integration revenues?
EDIT - I found out that Corelogic revenues are made up of 61% recurring maintenance contracts (that last between 5-7 years). I'm still unable to find any numbers for the rest of the group though.|
|Despite the closing UT there were some very large purchases early Friday.|
With such good results I`ll hang on to mine.|
|Results later today...|
|Servelec: invetec reiterates buy with a target of 400p and N+1 Singer keeps at buy, 360p target|
|good update today|