|Vers. Sys. Di
||COM SHS NPV (DI)
||EPS - Basic
||Market Cap (m)
|Software & Computer Services
Real-Time news about Vers. Sys. Di (London Stock Exchange): 0 recent articles
|therivetman: Versatile has been chosen as one of the top 10 picks on the TSX Venture exchange in it's group! http://www.tsx.com/en/news_events/news_releases/6-20-2007_TSXVenture-2007Venture50.html This will certainly lead to an improved share price eventually. Think I'll hang on to what I have and try to pick up more. You still in ROO?|
|versatiletrader: Versatile Announces record sales orders of US$18m/New SyncSeer website launched
Versatile announced this morning that it has received record contracted sales orders of US$18m for the current quarter for software, hardware solutions, support, professional services and maintenance. The Company expects that the majority of the revenue derived from these sales orders will be recognized in Q4 FY2007.
These orders are from both existing and new customers and cover a broad range of industries and customers including: manufacturing (Tyco Electronics, Motorola and Cadbury), major universities (Penn State, Harvard and Ohio State), healthcare (Thermo Fisher Scientific, Fisher Scientific and Respironics), retail (Albertsons, Toys "R" Us and Sheetz) and others such as Comcast, Mine Safety Appliances, Paychex and Iron Mountain. The orders highlight the depth of the Company's blue chip customer base and its wide vertical exposure.
Versatile also announced that in conjunction with Tyco Electronics it has launched a new SyncSeer website: www.syncseer.com. It features three industry sectors for this solution: healthcare (to improve patient service and safety by tracking the location, utilization and accessibility of key mobile assets), education (to increase campus safety and operational efficiency by providing an improved level of personal and asset security while integrating with existing identity and access management systems) and entertainment, gaming and retail (to drive revenue through improved experience). We expect increased sales and marketing focus by Tyco Electronics on SyncSeer following the former's spin off later this quarter.
Following an announcement from Versatile on May 25th we understand that its kiosk solution is to be imminently rolled out nationwide in the US by one of America's largest consumer credit providers. We expect that this initiative is with GE Money's Sales Finance unit, which nominated Versatile as its vendor of choice for the service in January 2007.
We expect the launch of a full kiosk marketing campaign by GE Money coupled with increased sales and marketing focus by Tyco Electronics on SyncSeer to leave the Group well placed to meet our FY2008 and FY2009 forecasts. We are forecasting adjusted earnings growth of 312% and 43.5% in FY2008 and FY2009 respectively. We expect specific newsflow in relation to its new initiatives to provide the catalyst for significant share price upside.
Today's announcement leaves Versatile well placed to meet our Q4 FY2007 revenue forecast of US$20m. Versatile trades on a P/E of just 6.7x in FY2008. We remain comfortable with its pipeline and prospects and re-iterate our Buy rating and 60p target price.
Direct Tel: +353 1 611 5920|
|therivetman: Yes contracts are what they need to start working on...They've always seemed to have a good sense for building the business.....I just hate when they print shares without some due care to the risk to share price. Hopefully it will have little impact but I don't like to gamble my RRSP money....|
|roodboy: Analysts comments - with thanks to 'greenVV' on Stockhouse:
Versatile Listing on AIM today/£1.5m (net of expenses) raised for the future development of the company
Versatile will commence trading on AIM this morning, April 16th, having raised £1.5m (net of expenses etc) through the placing of 7.2m shares (6.2% of the enlarged share capital of the Group) at 29p per share. No existing shareholders sold any shares in the placing. The net proceeds of this placing will be used to refinance certain of the Group's borrowings and to provide working capital for future organic growth. Following admission to AIM, Versatile will have a market capitalisation of £33.9m at the placing price. Versatile's AIM ticker is VVS LN.
In relation to current trading and prospects, the Group said in its AIM admission documentation that trading since 31 December 2006 has been in line with management's expectations. Versatile management remain confident about the Group's prospects for the remainder of FY2007 due to strong repeat business from its existing customer base and the growing pipeline of the Group's new products. Versatile is expected to release Q3 FY2007 results (to the end of March 2007) in early May.
Versatile's core business (the Mobile and IT Solutions & Services business) has performed well in the current fiscal year. It has announced a number of deals including:
* a new five-year seven figure contract to deploy one of the world's largest wireless local area networks at Ohio State University;
* completing a significant Cisco upgrade for Essent Kabelcom, the second largest cable company in the Netherlands. Overall in H1 FY2007 revenue from cable companies contributed 14% of H1 FY2007 revenue (US$4m), a significant increase on the US$4.5m generated in all of FY2006;
* completing US$2.8m of contracts for mobile solutions for 30 new customers and also receiving orders for an additional US$1m from four of them to be recognized in Q4 FY2007; and
* generating revenue in excess of US$1.6m from customers in the pharmaceutical sector. Versatile is benefiting from increased compliance requirements in the healthcare sector.
Following a solid H1 FY2007 performance from its core business, its seasonally weakest period, the Group remains on track to meet our FY2007 estimates. We expect revenues from its new initiatives, in particular its high margin kiosk business to account for a larger proportion of revenues in H2 FY2007. There have been a number of announcements this year from Versatile in relation to take-up of its kiosks by furniture retailers. The formalisation of its relationship with GE Money in January 2007 further increases our confidence in our kiosk forecasts. Having access to the extensive retail client base of large financial institutions such as GE Money will significantly increase the potential market for Versatile's kiosks and the speed of rollout. We expect increased sales and marketing focus on SyncSeer by Versatile's partner Tyco Electronics following the spin off of this unit from Tyco later this year.
Our valuation of Versatile (DCF and peer group analysis) suggests that the company is significantly undervalued at current levels. We re-iterate our Buy rating and CAN$1.30 (58p) target price. We view the current weakness in Versatile's share price as a buying opportunity and expect ongoing positive newsflow in relation to its core business and the rollout of its new proprietary software solutions in the US to provide the catalyst for significant share price upside. "|
Versatile Systems share price data is direct from the London Stock Exchange