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SQS -1x Square

4.5118
-0.04375 (-0.96%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Etf Name Etf Symbol Market Stock Type
-1x Square SQS London Exchange Traded Fund
  Price Change Price Change % Etf Price Last Trade
-0.04375 -0.96% 4.5118 16:35:22
Open Price Low Price High Price Close Price Previous Close
4.5118 4.5555
more quote information »

-1x Square SQS Dividends History

No dividends issued between 18 Apr 2014 and 18 Apr 2024

Top Dividend Posts

Top Posts
Posted at 29/9/2017 13:20 by bbluesky
Yes, Space looks good. SQS is still a very under-rated company imo and is building up a good head of steam. If we break 650, I think it will go a lot higher as during the share price consolidation, the business has repositioned itself and is in the "sweet spot" as Vos said. If you are looking for a 4th Industrial Revolution stock at a decent valuation: a strong candidate.
Posted at 11/5/2017 12:17 by welsheagle
Ex-dividend today for 15c, so no problem
Posted at 08/3/2017 02:26 by tudes100
www.brrmedia.co.uk/broadcasts/58b9a145b21c9975cca46f5e/sqs-full-year-results-2016
Posted at 08/3/2017 02:23 by tudes100
Have had a little more time to do wade through the results/Co presentation and compare to prior reporting in the last few yrs and on that basis I think its worth outlining a few points.
1. Revenue growth - managed decline in professional service division is part of Co strategy (now 29% rev's but expected to decline to 25%), performance of Managed Services disappointing & combination of the two outweighed excellent growth in Management consultancy. Strategy of driving growth from higher margin MS & MC divisions seems sensible.
2. Growth in US - 3 yrs ago Co generated 2-3% of rev's from US market, now up to 16%, €56m. Target is to be largest territory in 2-3 yrs, €95m ($100m). US is the largest software quality assurance market, approx 50% of global rev's.
Given the reduced earn out liability on Galmont its fair to say that performance in the smaller of its two 2015 US acquisitions has been not at the level at which they expected. However Trissential growth has been strong although boosted by exchange rate benefits.

Co are highlighting big growth drivers such as continued US expansion & the growth of digital consulting particularly in areas such as automotive & manufacturing. The move to autonomous vehicles which require significant software (and therefore quality testing) as well as process automation in manufacturing via robotics suggests to me that SQS are far from going ex-growth despite 2016 not being a stellar year.
Posted at 08/3/2017 01:53 by tudes100
From proactive investors....
These are testing times for quality control specialist SQS Software Quality Systems AG (LON:SQS), which saw amortisation of goodwill put a dent in profits.

Profit before tax in 2016 fell to €7.99mln from €11.65mln the year before, as the company took a €5.6mln charge relating to the book value of its Galmont acquisition.

Adjusted profit before tax (PBT) rose 17.2%, however, to €24.4mln from €20.8mln the previous year, with the PBT margin hitting its highest level since the global financial crisis in the previous decade.

Total revenue rose 2.0% to €327.1mln from €320.7mln, with the top-line figure not helped by foreign exchange movements, which effectively reduced 2016’s revenue by €7.1mln.

Revenue from the group’s largest division, Managed Services, declined 4.4% to €146.4mln from €153.2mln the year before, contributing 45% of total group revenue.

The decrease in revenue was largely due to a number of products coming towards the end of their life-cycle.

The group expects its Management Consultancy (MC) arm, currently chipping in with 18% of total revenues, to be the main engine of growth as it capitalises on the growing demand for digitisation and automation.

MC revenue rose 56.6% to €57.3mln from €36.6mln in 2015.

Revenue from the Professional Services arm eased 5.9% to €93.4mln from €99.3mln the previous year, contributing around 29% of group revenue.

The group has proposed a dividend of 15 cents, up from 13 cents the year before.

"We enter 2017 with confidence,” declared Diederik Vos, the chief executive officer of SQS.

“The broader industry trends driving our business remain strong and supportive. We will continue to invest in our intellectual property and services portfolio to ensure they evolve in line with key market developments and remain relevant for future demand,” he added.

Shares were down 12% at 550.75p in mid-morning trading.
Posted at 07/3/2017 13:33 by orange1
Above average market growth predicted at Techmarketview.com:

¨SQS is positioning itself to benefit from some of the more exciting areas across the sector, such as Artificial Intelligence, machine learning and robotic process automation (key areas highlighted in TechMarketView’s 2017 Research theme of Unlocking the Intelligence) and this should enable above market average growth for SQS, particularly given the general shortage of skills in these areas. The company’s spread of vertical capability should provide lots of opportunity for it to leverage its growing experience and reputation in these high-growth technologies.¨



¨
Posted at 06/9/2016 13:21 by mr.oz
full value now?

SQS Software Quality Systems AG Numis
Downgrades to Add
TP 615.00
Posted at 10/5/2016 11:56 by thomasthetank1
Read Stockdale Securities's note on SQS SOFTWARE QUALITY SYSTEMS (SQS), out this morning, by visiting hxxps://www.research-tree.com/company/DE0005493514

"SQS announced yesterday the acquisition of the outstanding 25% of SQS India, for a cash price of INR 785m (c.€10.5m) in accordance with a call option in place since 2008. The strategic merit of owning 100% of the unit is clear, and our own view, having visited the site in question last year, is that the Pune location delivers high quality and reliable testing. We..."
Posted at 30/4/2015 13:54 by aishah
TechMarketView

Trissential deals adds to SQS's potential

SQS, the AIM-listed, German HQ'd supplier of software testing services, has bought the US IT project, programme and portfolio management company Trissential for a maximum consideration of US$30.7m. The company generated US$32.3m of revenue and US$1.6m of PBT in 2014, so on comparable valuations, this looks like a reasonable price. Trissential logo

The deal marks a departure from the SQS strategy of expanding into Financial Services, as seen in the very timely and so far successful move to absorb ThinkSoft. The value of the ThinkSoft deal was clearly shown in the full year results, see our recent HotView here.

Trissential is active in the manufacturing sector where SQS is also strong by dint of its German base and also adds capability in retail, energy and healthcare. The deal also strengthens SQS's underweight position in the US (where it turned over only US$12.3m last year, or 5% of Group revenue). At the full year the management pointed out the strategic goal of expanding in the US where revenue more than doubled in 2014.

The market for SQS's capabilities continues to grow strongly, particularly in managed services and the company has made good strategic progress and has improved margins. We continue to consider that the SQS management is on the right tracks and we expect further good performance
Posted at 07/3/2015 02:24 by gargleblaster
Positive IC write up.

SQS passes with flying colours

The growing use of complex software in cars, consumer products and workplaces is great news for SQS (SQS), which roots out glitches and bugs for the likes of UBS and Volkswagen. Together with its focus on large, long-term contracts and selective acquisitions, that drove a 52 per cent increase in adjusted pre-tax profits to €18.8m (£13.6m) last year.

The Cologne-based group delivered a 32 per cent increase in sales of managed services, whereby it handles clients' software and IT testing for one to five years. The division landed several new contracts and extended others, including three in Europe (with two banks and a telco) worth a combined €55m. That widened its margins, swelled the order backlog and sent the group's average revenue per client up by more than a third to €634,000. It also pushed SQS's bank account into the black: in 2013 it had net debt of €2.9m.

India-based Thinksoft - acquired in late 2013 - contributed €26m in revenue. SQS's former competitor helped it more than double its US revenues to north of €12m. Yet organic sales also rose 7 per cent as the group captured a larger share of the European market, which accounts for more than 90 per cent of its revenues.

Broker Panmure Gordon expects pre-tax profit of €22.6m for 2015, giving EPS of 48.5¢, up from €18.8m and 43¢ in 2014.

SQS SOFTWARE QUALITY SYSTEMS (SQS)
ORD PRICE: 567p MARKET VALUE: £173m
TOUCH: 558-575p 12-MONTH HIGH: 614p LOW: 508p
DIVIDEND YIELD: 1.7% PE RATIO: 31
NET ASSET VALUE: 306¢ NET CASH: €9.8m
Year to 31 Dec Turnover (€m) Pre-tax profit (€m) Earnings per share (¢) Dividend per share (¢)
2010 163 6.4 18.0 8.0
2011 189 5.6 15.0 5.0
2012 210 7.8 21.0 7.0
2013 226 8.6 18.0 9.0
2014 268 10.1 25.0 13.0
% change +19 +18 +39 +44
Ex-div: 14 May

Payment: 28 May

*Includes intangible assets of €74.3m, or 243¢ a share

£1=€1.38

IC view
SQS's new strategy scores highly in our books. Its shares trade on 16 times forecast earnings, which isn't steep for the pricey software sector. Buy.
Last IC view: Buy, 559p, 7 Mar 2014

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