Servelec Share Discussion Threads

[mad foetus] 27/7/2016 09:24

Hi Simon,
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.

[simon gordon] 22/7/2016 15:43

Mad,

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.

[robow] 20/7/2016 17:22

thanks SG. That's really useful.

[simon gordon] 20/7/2016 16:34

Page 14 of this most recent SEC presentation gives an excellent summation of the Servelec story:

[mfhmfh] 20/7/2016 16:14

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.

[chasbas] 20/7/2016 15:57

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.

[dlku] 24/6/2016 07:15

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."

[arcadian] 18/5/2016 18:52

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.

[layabout] 09/5/2016 11:06

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.

[arcadian] 25/4/2016 14:09

Same again today.

[arcadian] 07/4/2016 12:09

I`m surprised that the big trades today (if not rescinded) haven`t moved the price more but am still wondering what`s afoot.

[arronparkinson] 14/3/2016 14:15

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.

[arcadian] 13/3/2016 20:44

Despite the closing UT there were some very large purchases early Friday.

[arcadian] 02/3/2016 19:45

------------------------------ -------------------------------------
With such good results I`ll hang on to mine.

[mfhmfh] 01/3/2016 04:04

Results later today...

[arcadian] 16/2/2016 19:54

Servelec: invetec reiterates buy with a target of 400p and N+1 Singer keeps at buy, 360p target

[mfhmfh] 16/2/2016 09:54

good update today

[layabout] 27/11/2015 10:25

hxxp://www.digitalhealth.net/clinical_software/46912/end-of-npfit-drives-change-in-mh-systems

18 trusts in London and the south move off RiO to alternative suppliers following the ending of the NPfIT contract.

[wjccghcc] 27/8/2015 08:47

Seems a bit of a concern that they lost 10 out of their 30 Rio NHS trusts on the contract refresh?

[mikemichael2] 27/8/2015 08:07

Thats why, results today, nice and steady, so the share price should fall !!!

[nw99] 25/8/2015 14:24

Wow huge buys indeed

[mg1982] 25/8/2015 12:56

Some very large buys have gone through now

[nw99] 25/8/2015 11:27

Results 27/8

[edmate] 06/5/2015 18:00

Nah. Great company. I'm in..