Statpro Share Discussion Threads

[topvest] 19/10/2015 08:14

No - it's not. It's a transfer of revenue from non-cloud to cloud. I'm looking for top-line net revenue growth.

[tradermel] 19/10/2015 07:49

So is todays RNS meeting your comment topvest?

"In the 12 months to the end of September 2015, Annualised Recurring Revenue for StatPro Revolution, the cloud-based portfolio analysis service, grew by 68% to £7.2 million (September 2014: £4.3 million at constant currency). "

but I'm not invested here

[topvest] 05/8/2015 19:26

Results OK, but really need a tad more revenue growth.

[tradermel] 15/7/2015 07:48

Another company where the share price does not seem to reflect the strength of the RNS released today ... more research needed from me

[boonkoh] 20/11/2014 18:20

Huh, can't believe they've issued an RNS today for a contract renewal that is only £0.6m over 5 years. Things must be slow....

[topvest] 07/8/2014 09:30

Yes, I'm happy to hold. They are making progress. Not cheap, but not overpriced either in my view.

[bjfanc] 07/8/2014 08:38

The deal announced, a couple of weeks ago. Shows what can be done.

[brummy_git] 07/8/2014 07:49

I guess the revenue "hockey-stick" is expected to start in FY16

[pentangle] 06/8/2014 23:01

Rivaldo, I think I pointed out much the same about 18 months ago (post 188), based on the high PER in relation to the forecasts. However, in fairness SOG has continued to defy gravity and my expectations and is about the same price as it was then. I like the company and used to have quite a lot of them, but will not be reinvesting until either the price falls or there is some concrete evidence of progress in the figures.

[rivaldo] 06/8/2014 10:45

I recognise that SOG has excellent qualities - high recurring income, £3m cash, a 2.8p dividend, good potential etc - but I'm always amazed at how the share price holds up so well, in contrast to so many stocks. SOG must have a very loyal shareholder base!

The m/cap is £57m at 84p, yet H1 produced just 1.3p EPS and £2m EBITDA, hugely down on last year, and currency movements are likely to impact H2 as well as H1.

When if ever are SOG actually going to produce decent figures rather than blaming the continued need for investment? Even 2015 forecasts don't show any particular leap forward....

I'm not a holder as you can tell! Not likely to buy at these prices, but perhaps at 60p-65p. I just can't see any worthwhile upside from here for some time to come.

[boonkoh] 06/8/2014 08:13

Very bullish statements in the interims today. They mentioned their huge competitive advantage lead vs competitors in their cloud offering. Now time to execute sales/marketing properly to acquire new customers... It looks like earnings will do depressed this year and next as all the sales/onboarding costs are absorbed, but there is a huge recurring subscription revenue here.

[oregano] 15/5/2014 11:05

From Hotviews;

Key year starts well for StatPro


Peter Roe, 09:08, 15 May 2014


Portfolio analysis and asset pricing services provider StatPro has made good progress in 2014 so far, as reported at yesterday's AGM. Trading is in line with expectations. This is a key year for StatPro as it furthers its plans of becoming a pure cloud-based supplier.
StatPro is driving through the development of cloud-based StatPro R+, to replace its biggest revenue generator, StatPro Seven, an IT platform used in around 150 asset managers. Beta trials have gone well, further functionality will be added later this year and the StatPro team are working with clients to build migration strategies.
SaaS providers must avoid the trap of offering "the same for much less money", particularly as cloud delivery can cost the service provider more than "traditional" methods. Key is ensuring that the customer receives additional functionality and utility via the cloud; better reliability, availability, access to more features, easier upgrades, etc. Many asset managers may be reluctant to move from a tried-and-tested in-house system. StatPro must resist the temptation to bribe them into migrating, instead convincing them of the business benefits available.
It is good to see that StatPro will also be adding extra services to the Revolution product throughout 2014. For this product, client numbers continue to grow, up to 277, adding 20 since the end of December.
The AGM statement reminds readers of the near term impact on financial results of the company's plans. Analysts are forecasting further EBITDA falls. Investors will thus have to remain patient (the shares have gone nowhere over the past year). 2014 is a key year for product investment and increasing the momentum of the cloud transition. As we have said before, see here and work back, StatPro is doing the right things, but there is still much to do.

[oregano] 14/5/2014 14:36

it could be a sleeper until sales start to grow. Management always bullish but need to sell more stuff. However Allocate has been through this inflection and look what happened to them, so i am happy to accept the 3% yield as compensation for a potential sleeper.

[mach100] 13/5/2014 20:49

Hmm these are really unloved, Shall we investors have a real bums out man hug to console the price? Having read through the thread it seems to be an investment that is always about to pay off. Quite a nice divi but on a high trailing P/e. Any views from holders?

[dashton42] 13/3/2014 18:01

"Buy", says Investors Chronicle. For those with access:

[bjfanc] 07/3/2014 08:02

I read that as Artemis increasing their stake by about a percent or roughly 700,000 shares.

[wjccghcc] 08/10/2013 08:08

Actually, I think this year will be in line but that next year will beat expectations as Revolution begins to snowball. The market is probably looking ahead 6-12 months.

[boonkoh] 08/10/2013 08:05

I hope so too. Been seeing this share tread water for too long. Director Buy hopefully signals to market a confidence within the company.

As with most cloud based new solutions to the market, growth is typically a hockey stick (unless it crashes and burns of course), so expect next trading update to beat expectations by a mile for Statpro Revolution or really disappoint the market.

[wjccghcc] 07/10/2013 14:01

Have built a large holding here over the past 6 months at 70-85p. Could it be the recent director buys and clearing of an overhang mean it's about to get the rerating it deserves?

[lucky_punter] 16/7/2013 09:48

StatPro's outlook is cloudy, but in a good way
By John Harrington

The outlook for portfolio services firm StatPro is cloudy, but that's a good thing, as customers flock to its Cloud-based product StatPro Revolution.
"StatPro Revolution has grown in sales and clientsevery month and the message we bring to the market continues to spread further and further afield. StatPro Revolution provides a better, more flexible and lower cost way for fund managers to meet investor demands for transparency, regulation and generating new business," said chief executive, Justin Wheatley, in a trading update covering the first half of the year.

[bjfanc] 21/3/2013 08:10

The spread was 80 - 83. Now its 83 - 89. Doubled. Where's the sign saying no trading please.