Statpro Share Discussion Threads

[sammy_smith] 19/3/2013 16:02

Interview with Neil Smyth, Marketing & Technology Director of Statpro

Click the link to listen

[bjfanc] 19/3/2013 11:40

Agree. I'm still moaning about the spread of +5%.

[kaos89] 19/3/2013 07:08

RNS:- new partnership looks excellent

[bjfanc] 15/3/2013 17:09

That spread is making someone fat.Chairman bought shares. Not a massive amount but then he doesnt need to.

[bjfanc] 12/3/2013 11:52

Results tomorrow. Conditions have changed. There have been tough time for Assets Managers, esp if equity focused over the last 3 to 4 years. Mainly focusing on keeping operating costs down. However the follow through from the past couple of quarters, has meant money in the pot. IMHO statpro revolution is a good product, so i'll be analysing those forward looking statements in the accounts.

[wjccghcc] 07/2/2013 12:27

Agreed. I've added quite a few so recently. Revolution appears to be growing according to plan and while EPS will drop next year on further investment, it should increase in 2015. I suspect patience will be required but you never know when the market will start picking up on the prospects and with the stock's illiquidity, you'll never be able to buy a decent holding when it breaks out. In the meantime, there's solid balance sheet, 3% yield and the offchance of a takeover.

[topvest] 07/2/2013 12:22

I've decided to buy a few of these on the basis that they are pretty solid company with growth potential. All new products take a while to get traction and so i think a bit of patience is needed. In the meantime they have cleared their debt and have a very good platform to build upon. They have grown their sales from £nil to £30m so I suspect they are well qualified to take this to the next level when they get the momentum going.

[boonkoh] 02/2/2013 23:37

pentagle: I agree that current PE seems very high. But with all cloud-based technologies, its tricky to call, as so much of the cost is fixed and massively scale-able, that even if they see slightly better than expected sales, the pre-tax profit will jump massively ahead of forecasts.

So the big Q is - will Statpro Revolution be a big success in the market? Is it disruptive enough? And when is the tipping point when the accelerated growth will come? Is it this quarter, next quarter?

I have no doubt that even if a hint of accelerated growth of Revolution comes, this share will go to the 30's and 40's PE. But when will it be? And if it is delayed, will the share price go further south?

[pentangle] 02/2/2013 17:58

I used to have a lot of these, but sold out a while back when it became clear that prospects were not as promising as when the company were still delivering regular year on year growth. A look at recent results and forecasts (as per the latest edition of REFS) rather emphasises this. EPS as follows

Year Ended (pence)
2009 7.65
2010 7.33
2011 5.47
2012 5.33 (Estimate)
2013 4.10 (Estimate)

Even after the recent fall in share price I really wonder how a prospective PER in the 20s can be justified. I would not be tempted in until growth is resumed or the price was much lower. There are many companies with better prospects and much lower ratings.

[joan of arc] 24/1/2013 14:20

And makes the price drop more. I think the recent drops in share price have been due to a feeling that the uptake of Revolution is too slow and the revenue projections are not overly inspiring for a share on such a high PE ratio.

[joan of arc] 11/1/2013 14:23

Tradervic, are you going? I am.