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SPS Superscape

9.90
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Superscape Investors - SPS

Superscape Investors - SPS

Share Name Share Symbol Market Stock Type
Superscape SPS London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 9.90 01:00:00
Open Price Low Price High Price Close Price Previous Close
9.90 9.90
more quote information »

Top Investor Posts

Top Posts
Posted at 08/11/2008 08:25 by ride daice
Looks like Glu didn't just play hardball with us SPS investors. From last weeks Q3 investor webcast...

Eric Ludwig

"Yes, Travis, on the OpEx from Q3 to Q4 the guidance is coming down so much across the board against all spend categories and functions. However, from the Q2, 8% drop that I mentioned, it is more heavily in that against G&A given we got rid of all of the G&A folks at Superscape and that was just realized in the third quarter and then Greg, you want to answer the second?"
Posted at 25/4/2008 14:41 by abc125
Guys, I put the post below up on the 100% thread. I think this share has the potential to double in the short term.......and I would like to see other sps investors who lost money like me regain some of their losses. A note of caution however; small caps are out of favour at the moment so their are no guarantees.




Litcomp (lin). Mid price 42p. Market cap £2.5m. Sector : non life insurance.

This aim listed personal injury insurer has been mentioned b4, but I think it is worth re covering. It moved up from ofex in march 2006 with a list price of 80p. Initial bullish growth targets were not met, hence the fall in the share price One major legal issue was beyond its control however. This has now been resolved. The headline market cap is a bit misleading. Once the £3.5m convertible bonds are exchanged for ordinary shares, the market cap is closer to £10m at current prices (21m shares in total)

Fully diluted EPS were 3.2p last year and the YE results to march 31 are expected to show EPS of 5.68p, a 75% increase. (2008/9 forecast EPS 9.84p +73%). Litcomp issued an 'in-line' trading statement in Jan and directors have been buying so I expect current targets to be met. The shares are currently trading on a multiple of 7.5 falling to 4 for 08/09. That is low for the growth they are now delivering. Cautious investors might want to wait until the results in late June/early july, the share price may have doubled by then however. Last year they issued a trading update on the 29th of May and the shares shot up 34% on the back of a £0.8m pre tax profit; £1.5m expected this year.

The shares are quite illiquid, but a good broker can pick up stock within the spread so don't overpay. Some background info:



p.s. LIN will be at the Master Investor Show tomorrow.
Posted at 29/2/2008 13:22 by abc125
Anyone out there still hungry for mobile gaming companies?:


Buy Probability at 64p; the fast-growing mobile gaming business has attracted high-profile investors, including Icap CEO Michael Spencer who has built a 21.6% stake via his family-controlled vehicle IPGL. The recent £1.7m cash-call, which IPGL subscribed to, will be used for marketing. (Investors Chronicle)
Posted at 18/2/2008 19:27 by gmb
New Editor Appointed for Private Investor Newsletter. (18/01/2008). Bill Johnston has been appointed as the new Editor of UKSA's Private Investor Newsletter. Bill has previous experience of writing and publishing financial newsletters. His contact details are on the Contact page of this web site and he would no doubt welcome any material you may care to submit for publication in the newsletter.

For the Private Investor Newsletter Editor, contact: Bill Johnston: Tel: 00420-415-653-169, email: johnston@ln.cz
Posted at 12/2/2008 15:42 by the bounty hunter
Dear Kevin,
I am in communication with a large number of private investors which have backed Superscape over many years. As stated below, I think that a trading update would be very helpful to private investors in determining whether the offer of 10p per share is reasonable.

At the present time, there is a lack of clarity on the final Q3 position. Although it is recognised that this was the fault of the manufacturer reported numbers, many investors are surprised that the final position is yet to be clarified by the Superscape Board.

As the Q3 revenue numbers were issued on the 15th November (11th working day), it appears reasonable to assume that a Q4 trading update could be issued prior to the 15th February 2008?

As you can appreciate the investors view will be vastly different if the Q4 revenues are below $5m than if they are above $6m.

In the past, you have been extremely responsive to the questions of private investors and I hope that you appreciate the dilemma that they are now in.
Posted at 06/2/2008 11:24 by the bounty hunter
Dear Kevin,
thank you for your email. So far 128 private investors have expresssed dissatisfaction with the offer, amounting to almost 19 million shares.
To sum up, Superscape appeared to go through several quarters of limited growth from Q3 FY06/07 to Q2 FY06/07 and this may have caused the decline in the share price. As investors, we heard about the good things going on in the company but this did not seem to be impacting revenue. Q3 changed the perspective, when we could see the pre-loads/embedded games helping to gain market share, community gaming and the alltel relationship, the white label games, the breakthrough in the Cingular relationship and increasing evidence that this is starting to bear fruit, the low cost portability solutions and also the commnceement of overseas partnerships to enable games to be ported to markets where Superscape is not represented. Overall, investor expectations for q4 are high, with estimates ranging from $5.5m to $7m for the quarter. After several quarters of disillusion, investors were starting to talk of the company being valued at between 15p and 25p on trading fundamentals. It is expected that the market does not always represent the value straight away and sometimes needs two or three quarters to adjust to a change in perception.
Some optimistic investors even started to see again scenarios where the shares may return to 50p and even 80P. Optimistic assumptions, but easy to see the logic.

Against this background of increasing optimism on the prospects for Superscape, albeit there are some concerns about the overall economy, the private investors are disappointed that the Board considers that 10p is a fair offer for the company.

I attach a paper which analyses the benefits to Glu of the acquisition. I am an external investor and some of my estimates may be off the mark. However, this remains a fantastic deal for Glu and does not result in a fair price for investors who have supported Superscape over many difficult years and some of which are sitting on sizeable losses.

I hope that this may help you to understand the frustration and disappointment of many of your investors. On top of this a number 3 player acquiring a number 5 should have attracted a premium valuation and not be only justified by a historical depressed share price.
Posted at 04/12/2007 09:44 by abc125
Re reading the FT article about sps, it does seem like a serious proposal and not just a cynical attempt to re rate the shares. A lot of companies get taken out on the cheap just b4 they turn profitable, I hope that does not happen here. It mentions a US rival, its got to be EA, who else has got significant amounts of hard cash at their disposal ? :



Investors take profit in Superscape

Published: November 29 2007 02:00 | Last updated: November 29 2007 02:00

Superscape, a developer of computer games for mobile phones, underperformed yesterday as investors took profits. Its shares have risen 40 per cent this month, helped by an upbeat trading statement. But traders believe there could be further gains to come as Superscape has attracted the attention of a US rival which has approached the company with an offer. Superscape closed 0.5 per cent lower at 6½p.
Posted at 29/11/2007 07:37 by tartan_penguin2
Investors take profit in Superscape

Published: November 29 2007 02:00 | Last updated: November 29 2007 02:00

Superscape, a developer of computer games for mobile phones, underperformed yesterday as investors took profits. Its shares have risen 40 per cent this month, helped by an upbeat trading statement. But traders believe there could be further gains to come as Superscape has attracted the attention of a US rival which has approached the company with an offer. Superscape closed 0.5 per cent lower at 6½p.
Posted at 19/11/2007 09:49 by edmondj
GUIDE TO ONLINE FINANCIAL VIRUSES

figure6

Definition: boot virus, starts up each morning automatically.

De-stabilising actions: targets rational, pragmatic investors, with repeat attempts to re-programme considered mental processes with ramptastic views.

Threat rating: primarily nuisance risk for experienced investors, potential fatal consequences for novices.

Action: figure6 requires filtering.
Posted at 24/10/2007 22:31 by edmondj
Thrilling knife-edge on Wall Street; I wonder how US consumer spending will fare:

Oct. 24, 2007, 4:24PM
Stocks off on Merrill report, home sales


By MADLEN READ AP Business Writer
© 2007 The Associated Press


NEW YORK - Wall Street recovered from steep losses Wednesday amid hopes for an imminent interest rate cut, but stocks still closed down in response to Merrill Lynch & Co.'s credit-related losses and a sharp drop in existing home sales.

The Dow Jones industrials fell in morning trading by as many as 200 points after the market got one of its most-feared scenarios: Not only is the housing implosion dampening corporate profits, it appears to be accelerating.

But the blue chip index reversed direction later in the day, briefly bobbing into positive territory as rumors circulated that the Federal Reserve - scheduled to meet next week - might be lowering the discount rate before then. The central bank has also been adding a substantial amount of liquidity to the financial system over the last three days.

"Once people hear about a rumor, they cover their shorts. Even though it's just a rumor that's out there," said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research. Short-covering is when traders undo bets that the market is going to fall. "There was a lot of bad news this morning. It's pretty clear Wall Street wants a rate cut and wants it soon."

Investors have been clamoring for a cut with fresh evidence that the housing slump and summer's credit crisis continues to drag on the economy. Merrill Lynch said it wrote down $7.9 billion from its exposure to mortgage-related securities, while a new housing report showed existing home sales plunged last month.

The Dow was off just 0.98, or 0.01 percent, at 13,675.25.

Broader stock indicators fell, but were also off earlier lows. The Standard & Poor's 500 index fell 3.71, or 0.24 percent, to 1,515.88, while the technology-dominated Nasdaq composite index lost 24.50, or 0.88 percent, to 2,774.76.

Speculation about an emergency meeting of Fed governors rippled through Wall Street in the late afternoon, and caused stocks to rebound. However, such a meeting seemed unlikely given that the Fed meets next week to decide whether to lower interest rates to make borrowing cheaper.

"The market wouldn't want to hear that Fed was turning a blind eye to the news flow," said Jeff Kleintop, chief market strategist at LPL Financial Services in Boston. "They want to hear more signs that the Fed is noticing this weakness."

The increasing possibility of a cut sent Treasury bond prices sharply higher during the session. The yield on the benchmark 10-year Treasury note, which moves inversely to the price, fell to 4.34 percent from 4.40 percent late Tuesday.

The dollar was mixed against other major currencies, while gold prices fell.

Meanwhile, investors kept a close watch on oil prices to gauge inflation. Oil resumed its climb after a surprise drop in inventories, with a barrel of light sweet crude up $1.83 at $87.10 on the New York Mercantile Exchange.

The financial sector was among the hardest hit on Wednesday after Merrill reported worse-than-expected loss of $2.3 billion. Adding to worries, Merrill Chief Executive Stan O'Neal pointed to "renewed signs of volatility and weakness" in the market environment.

Shares of the world's largest brokerage tumbled $3.90, or 5.8 percent, to $63.22.

Further deterioration in the housing market could aggravate the financial sector's troubles. The National Association of Realtors reported that existing home sales fell in September for the seventh straight month by a larger-than-expected 8 percent - the largest decline in records dating back to 1999.

The tech sector lost the momentum it had earlier in the week. The biggest loser among the 30 Dow companies was Nasdaq-traded Intel Corp., which suffered a blow after several chip companies, including Broadcom Corp., reported disappointing results late Tuesday. Intel fell 79 cents, or 3 percent, to $26.01 while Broadcom slid $7.14, or 17 percent, to $34.92.

And Amazon.Inc. shares plunged $12.09, or 12 percent, to $88.73 after it reported quarter profit only beat per-share estimates by a penny. Investors didn't see enough reason to bring the Internet retailer's shares, already at their loftiest level since 1999, even higher.

The Russell 2000 index of smaller companies fell 7.68, or 0.94 percent, to 810.85.

And, the session continued a pattern of volatility as investors remained reactive to news items. Declining issues led advancers by about 2 to 1 on the New York Stock Exchange, where volume came to 1.58 billion, up from 1.34 billion on Tuesday.

"Volatility has increased substantially primarily because we have a very nervous market," said Al Goldman, chief market strategist at A.G. Edwards. "If there is good news, the market pops up. If there is bad news, it falls."

In Asian trading, Japan's Nikkei stock average fell 0.56 percent, while Hong Kong's Hang Seng index fell 0.15 percent. In European trading, Britain's FTSE 100 fell 0.49 percent, Germany's DAX index fell 0.18 percent, and France's CAC-40 fell 0.56 percent.

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