Sirvis It Share Discussion Threads

[hotfinance14] 11/2/2008 07:51

SiRViS IT PLC
11 February 2008


SiRViS IT plc

Interim results for the six months ended 30 November 2007

SiRViS IT plc ('SiRViS IT' or the 'Company'), which provides a range of IT
services including support, consultancy and systems installation across the UK,
announces its interim results for the six months ended 30 November 2007.

Highlights

Basis of reporting

Results reported are prepared based on the recognition and measurement
principles of the International Financial Reporting Standards (IFRS) for the
first time; comparatives have been restated.

• Revenue up 51% to £5.3m (2006: £3.5m)

• Operating profit before share based payments, amortisation of
intangible assets and exceptional items up 32% to £577,000 (2006:
£437,000)

• Statutory operating profit up to £518,000 (2006: 183,000)

• Acquisition of Technology Management Group Ltd in May 2007, fully
integrated in July 2007

• Adjusted earnings per share before share based payments, amortisation
of intangible assets and exceptional items up 6% to 12.02p
(2006: 11.32p)

• Recurring revenues percentage to turnover 80% (2006: 80%)

• Share consolidation (1 new ordinary share for every 40 existing
shares) effective September 2007

[hotfinance14] 09/10/2007 06:28

Received a new share certificate today....consolidation time.

[tp100] 12/9/2007 11:27

The guy knows his stuff and has taken a stake. Best news we have seen for a long time. Results at the end of the month and probably another research note from Finn. Apparently Investtech are bullish too.

[hotfinance14] 12/9/2007 10:03

Do we have an interesting story here >?

[tp100] 12/9/2007 09:50

Bob Morton takes 6.44% stake in Sirvis IT

Arthur Leonard 'Bob' Morton is well known as a serial and entrepreneurial West Midlands investor, who often utilises his investment vehicle, Southwind, to make strategic investments. He returned several times his investment when he took a 15% stake in Tenon, the accountancy and professional services firm in February 2003. He is believed to be worth more than £100m, has investments in over twenty quoted companies and is chairman of numerous companies, including Armour Group, HARRIER GROUP and Systems Union.


SOUTHWIND LIMITED

11th September 2007

ORDINARY SHARES 8,501,652 6.44%

[tiltonboy] 11/9/2007 15:18

I bought 25000 and moved the price.

WINS did the earlier business, with both sides of the trade done at the same price. MM's all want some of the action but can't find stock.

tiltonboy

[tp100] 11/9/2007 14:59

yes perhaps, just gone 4.25p-5p

[hotfinance14] 11/9/2007 13:11

Must be a takeover on the way IMHO.

[tp100] 11/9/2007 12:43

now 10m shares at 4.5p. Whats going on?

[tp100] 11/9/2007 12:19

a trade of 1.2m at just under 4.5p. looks promising.

[hotfinance14] 05/9/2007 09:41

Heading north again.

[tp100] 03/9/2007 16:15

interesting, a trade of 4.39m shares at 4p. More volume than we have seen since the failed bid at 4p.

[tp100] 03/9/2007 10:56

market currently bidding for 100k at 4p

[tiltonboy] 03/9/2007 10:50

Looking at the brokers forecasts the shares are still too low. I tried to buy stock at around 3.25p, but found them very well bid, even on a bad day. There were some meaty buyers around at the time.

If they deliver on forecasts then I think you could justify a price double this, but the company has been accident prone in the past, and it may take some time to get a market rating.

tiltonboy

[tp100] 03/9/2007 10:28

now two MMs on the bid. Something going on?

Perhaps just a run up ahead of consolidation. Market cap looks very undemanding.

[tp100] 03/9/2007 09:53

yes, not sure why. Just some small buying recently but not sure who is recommending them. At least the 4p we were offered is nearly back.

[hotfinance14] 03/9/2007 09:30

Nice to see some movement today.

[johnyee7] 31/7/2007 10:49

After share consolodation they'll only have 3.3 million shares in issue.

[mjcrockett] 30/7/2007 08:22

Yes, good results, but no reaction from the share price. The shares seem very cheap to me.

MJ

[hotfinance14] 30/7/2007 07:14

Quite good results out today.

[hotfinance14] 12/6/2007 12:18

SiRViS IT plc



SIGNIFICANT SHAREHOLDER NOTIFICATION






SiRViS IT plc was informed on 6 June 2007 that Universities Superannuation
Scheme Ltd now holds 7,490,448 ordinary shares of 1p each, representing 5.67% of
the issued ordinary share capital.

12 June 2007

[hotfinance14] 22/12/2006 10:43

SiRViS IT PLC
20 December 2006



SiRViS IT plc (the 'Company')



Holdings in Company




Dated: 20 December 2006



The Company received notification on 15 December 2006 that Barnard Nominees
Limited currently holds 14,563,920 Ordinary Shares of 1p each in the capital of
the Company, representing 12.77% of the issued share capital of the Company.



Enquiries:


Mark Lewis 01773 825516 SiRViS IT plc Chief Executive

John Simpson 020 7512 0191 ARM Corporate Finance Ltd Nominated Adviser





This information is provided by RNS
The company news service from the London Stock Exchange

[tp100] 15/12/2006 11:10

well, k3 have their 29.9%. Lets see what happens now.