Servicepower Share Discussion Threads

[chrisdgb] 19/4/2016 09:26

Always nice to see contract news and a value.........

[paul the octopus] 19/4/2016 08:04

why are you following the trash then?

[yoyoy] 19/4/2016 08:00

Chimers,

What long-term debt?

[paul the octopus] 19/4/2016 07:58

at last they put a number in the new contract rns, that's a change Chimers

[yoyoy] 19/4/2016 07:27

19/04/2016 6:01am
RNS Non-Regulatory

TIDMSVR

ServicePower Technologies PLC

19 April 2016

19 April 2016

ServicePower Technologies Plc

("ServicePower" or the "Company")

New Contract Win for ServiceOperations

ServicePower Technologies Plc (AIM: SVR), a market leader in workforce management software, today announces that it has executed a new three year contract with an expected total value of $750,000, subject to the achievement of certain milestones, for ServiceOperations and NEXUS FS(TM) with an existing Client.

Used in conjunction with Smart Scheduling Broker, the client can now intelligently dispatch either its employed workforce, being scheduled through ServicePower's patented route optimization product, ServiceScheduling or dispatch thrid party service providers using ServiceOperations, to provide on site services for certain products.

ServiceOperations provides the Client with the ability to vet, manage and dynamically dispatch the best third party providers based on configurable ranking logic, ensuring the best technicians for each job are dispatched to client sites. It also provides robust claims adjudication logic and payment processing, creating a single vendor closed loop process for third party contractor management. Additionally, ServiceStats will provide the operational intelligence it needs to monitor contractor performance and fine tune the dynamic dispatching logic as required, improving the customer experience. Technicians, using NEXUS FS(TM) Field Service Management software, will provide real time status updates as well as improved first time fix rates, with access to all of the information, parts and expert resources to complete each job in a single visit.

The Client evaluated several options for contractor management prior to extending its ServicePower mobile workforce management platform with deployment of ServiceOperations and NEXUS FS(TM) , yeilding a single vendor, integrated, multi-labor solution.

Marne Martin, CEO of ServicePower, commented "The Client continues to be a valued partner. I am again delighted with their continued confidence in ServicePower. ServiceOperations and NEXUS FS(TM) will provide the foundation to best manage their contractor network and provide a consistent branded service experience. As we continue to invest in our mobile workforce management software platform, we are confident that new products like Optimization on Demand(TM) and our latest optimization algorithm, Quantum Annealing will provide clients with a software solution which grows with their evolving business models."

For further information, please contact:

[euclid5] 15/4/2016 21:11

MoversTop Holders
Holder Shares % Held
Herald Investment Management Ltd.
as of 31 Dec 2015
52.11m 22.90%
Hargreave Hale Ltd.
as of 31 Dec 2015
12.97m 5.70%
Legal & General Investment Management Ltd.
as of 31 Dec 2015
8.87m 3.90%
Rathbone Investment Management Ltd.
as of 31 Dec 2015
7.74m 3.40%
TD Direct Investing (Europe) Ltd.
as of 31 Mar 2015
6.00m 2.64%
Techinvest Ltd.
as of 28 Aug 2015
2.60m 1.14%
Ruffer LLP
as of 30 Nov 2015
800.00k 0.35%

[paul the octopus] 15/4/2016 20:51

whenever she gets axed, please let me know @zOctopuz on twitter, till then still in

[davidosh] 15/4/2016 20:16

Who are the institutional holders here ? Maybe they can grow some...

[paul the octopus] 15/4/2016 19:59

or maybe she gets axed next too, which would be a good thing then, right? ;)

[davidosh] 15/4/2016 18:01

Well 15th June is exactly two months which is a strange period and usually three or six months but I have not checked the contracts.

I think MM needs to start buying a large number of shares as she receives 3% of the market cap in remuneration every year has zero shareholding but a shedload of underwater options just in case. That feels like win/win for MM but bad for shareholders who have bought into this repetitive story of under performance.

Is it really the FD to blame or is he looking for a chance of success elsewhere having given up here ? Maybe as MM was FD before then she can cover both jobs and increase her salary by 60% lol

[yoyoy] 15/4/2016 17:15

As there is no immediate replacement he is hardly likely to have been pushed and June 15th is 3 months away. Probably notice period required.

Secondly, SVR was looking at cost reductions. Maybe he fell on his sword.

[charkly] 15/4/2016 17:00

Interesting resignation, especially as the CEO joined as the FD?? Blame culture is a distinct possibility. The ships off course, blame stormy weather (Oil and Brexit) still off course and taking water, lets blame the engine room.. Was that a "you plonker Rodney" moment...!

[davidosh] 15/4/2016 16:25

Mmmmm....Is the FD getting the blame for the poor figures and cut and paste ?

ServicePower (AIM: SVR), a market leader in mobile workforce management software, announces that Tajinder Sandhu has resigned as Chief Financial Officer. Tajinder will remain with the Company until 15 June 2016 to ensure a smooth transition of all his finance responsibilities, at which point he will step off the Board.

The Board would like to thank Tajinder for his contribution to the Company and wish him well for his future endeavours.

The Company is in the process of identifying a suitable replacement and will update the market by way of a further announcement in due course.

[fugwit] 15/4/2016 16:25

CFO resigns:

Friday afternoon rns, useful!

[charkly] 12/4/2016 13:11

With all due respect Chris, your belief that SvsPwr is worth similar to Click is based upon what? Is it listening to the CEO telling everyone how good they are with nothing to substantiate that? Here is an interesting fact give the recent press releases on earnings….
Barak Obama earns £276k a year, David Cameron earnings are £143k

As Davidosh pointed out in his post earlier, with an apparent cut and paste predisposition, is the leader of SvsPwr worth over 200K a year? And the board sign that off?
Anyone looking to buy the company will look at facts and history not a Dell boy to Rodney pitch!

[chrisdgb] 11/4/2016 14:51

New GECR note out today, most interesting part:

Equivalent valuation of Servicepower would be 17.3p per share, based on the ClickSoftware acquisition..........

even half way would be good..!!!!

[davidosh] 07/4/2016 19:07

You may well see me at the Agm. That is what I try to do question boards and keep them on the straight and narrow wherever possible.

I do not like excessive remuneration, poor communication, false promises etc

[charkly] 07/4/2016 17:24

Your post is so accurate, next year Rodney.. we will all be millionaires
I listened to your radio article very informative throughout. Cut and paste with the RNS I cant stop laughing - will you be attending the next SvSPwr AGM? Love to hear you question the board – Maybe invite one of them as a speaker at your next event..:)

[davidosh] 07/4/2016 16:59

One day Rodders...

I just mentioned Servicepower and their never changing bullish outlook on the Smallcap radio show

[yoyoy] 06/4/2016 17:03

"Despite high hopes, FY15 does not seem to have panned out the way field service software specialist ServicePower Technologies expected it to. At the half way point revenue was up 13% yoy and losses were reducing (see here) but across the full year (ending December) there was just a 2% revenue increase to £13m while the loss before tax stood at £1.2m vs. £1m.

The situation is not as harsh as it appears however. An increase in R&D played to the marginally higher losses but is producing valuable output. This includes the Optimization On Demand product, the NexusFS platform that will broaden ServicePower’s reach taking it into the areas of optimization and strategic alliances, and RESTful APIs and user interfaces (Including what is claims is a new AI algorithm, Quantum Annealing, available as an on demand cloud service). It is also increasing the proportion of recurring and SaaS revenue.

Interestingly, it looks like the cadence of the business is set for a change. Customer retention is high but sales cycles are long - 12-24 months for service scheduling, which is a challenge for a company the size of ServicePower. However, management says sales cycles are shorter on other applications and are expected to be shorter still on new products launching in 2016. Speed of sales will be of the essence if ServicePower is to prosper, but by investing in its products, and cloud provision, it is doing many of the right things.