Asite Share Discussion Threads

[goonertone] 25/4/2007 20:12

FLC/Future Earner

I'm somewhere nearer glass half full than glass half empty.

The sales were the one real downside for me though without knowing fully there pricing model it is hard to say but based on their per user model comments it is likely that lumpy license fees are to blame for the sales decline.

Positives were increased companies and users, increased pipeline, positive steps being taken to iron out the income flow from users/companies, workspace was launched after year end, increase in trading hub volumes, a further prestiguos contract win announced and the fact that the results were issued early.

The problem is how to value it, with its close working relationship both with Laing O'Rourke and Robert Tchenguiz it is unlikely to fail however the question has to be how profitable can it be.

The per user model, lauch of workspace at £25 per month per user and the increasing take up of the trading hub should all help to ramp up future sales. The only question is by how much. The margins on these together with additional training revenues should mean margins are high thus once profitability is reached the net profits should increase exponentially.

The only question therefore left is timing.

AIMHO

GT

[future earner] 25/4/2007 19:10

Was expecting better sales should surely be improving year on year.....there does not seem to be enough growth/take up......just another year of cost cutting?????

V dissapointing

[flc] 25/4/2007 11:10

Encouraging set of results and looks as though they have made significant progress in all areas of the business. Should be profitable this year given pipeline. Looks as though Asite are here to stay.

[gresty] 24/4/2007 16:47

On past years' experience, probably another month or so...
2005 - published 31 May 2006
2004 - published 29 June 2005
2003 - published 8 June 2004

[future earner] 18/4/2007 19:19

Nearly a 10,000 pound buy today, may be someone knows something, results should be out soon........

[goonertone] 22/2/2007 10:14

Another snippet from the website today

"Due to increased demand by our global client base, Asite has extended its support opening hours.

You can now speak with an Asite support representative 24 hours a day, 7 days a week!

Asite solutions are increasingly used and trusted around the world. Asite is pleased to extend its support opening hours to answer the current global demand and will continue as always to grow our resources to ensure delivery on our customers' requirements."

[goonertone] 13/2/2007 08:46

A couple of news items from the Asite website;





GT

[Abuse team] 04/2/2007 03:08

Post removed by ADVFN

[future earner] 03/2/2007 18:13

Gooner, your happy with your holding here at the moment based on your research and questions that you put directly to the company. Would you kindly share this info with us?
Thanks in anticapation.

[flc] 01/2/2007 09:12

Cheers gooner. I only hold 75k at the moment having bought back in at the low point.

[goonertone] 01/2/2007 08:17

FLC

Couldn't say re turn but theirs another tick up this morning so somethings up even if its just a stock shortage.

I am quite happy with my holding here at the moment based on my own research and questions that I put directly to the company.

Lets hope to a blue 2007.

GT

[flc] 31/1/2007 10:02

Seems to have been a regular flow of trades this month including Directors which we have not seen for quite a while. Could this signal the turn?

[goonertone] 25/1/2007 08:27

About Asite : News : Director Shareholding

Press release

Director Shareholding
24th January 2007

Nathan Doughty purchased 65,362 of the Company's ordinary shares at 3.41 pence per share on 18th January 2007. After this transaction, Nathan Doughty holds 373,054 of the Company's ordinary shares, representing approximately 0.363 per cent of the issued ordinary share capital of the Company.

For further information, please contact:

Asite plc
Amanda Heald [phone]
Deloitte & Touche LLP
Patricia Coates [phone]

[goonertone] 18/1/2007 08:38

Press release

Asite on the road to success!
17th January 2007

Asite has won full commitment of its current customers by prioritising integration and developing strong partnerships with them. Moreover, Asite's customer base has been increasing and the forthcoming release of Asite Workspace and Asite Collaborative BIM makes Asite's future growth looks very positive. Tony Ryan, CEO, has confirmed his commitment and strong belief in Asite's success by acquiring shares. Tony Ryan purchased 255,579 of the Company's ordinary shares at 3.518 pence per share on 12 January 2007. Following this purchase, Tony Ryan holds 255,579 of the Company's ordinary shares, representing approximately 0.248 per cent of the issued ordinary share capital of the Company.

[jimtid] 15/1/2007 13:15

this isnt another one like AMU is it....

[goonertone] 15/1/2007 13:13

Interesting buy so soon after year end.

Not a huge amount but why buy now when he's been with the company for 3 years?

GT

[newsh] 09/1/2007 15:51

Cheers FE.

[future earner] 07/1/2007 17:56

Year ends 31st December 2006, last year results were posted end of May. Therfore we have a few months to wait. Best of luck, & keep holding.

Kev

[newsh] 07/1/2007 15:34

Anyone know when the results are due out??

[goonertone] 23/11/2006 13:17

Small write up on Asite website re Collaborative BIM presentation at Building Smart.



GT

[goonertone] 06/11/2006 13:21

Gresty

Thanks for that very interesting reading.

All I meant by point 3, a flippant comment on my part, is that although it would be nice if the product was an industry leader and a great product from my investment point of view I only need it sell enough of the product to turn a profit it could be full of bugs etc. For the long term thats not good but short term the numbers will talk. I obviously hope the product is fine, and nothing I know of says any different, as the more users the merrier.

GT

[gresty] 06/11/2006 11:06

Put me down as an "not yet in, interested observer". As something of a techie, I have been watching the collaboration space for a few years and - because of my friends - am interested in vendors carving out a niche in construction - hence my interest in/awareness of several Asite competitors.

While not a construction professional, I have several friends who are - their view is that while back-office accounting packages certainly offer real-time visibility within the ENTERPRISE, there is less/little/no integration between these and PROJECT-WIDE work package management tools. OK, they might synchronise periodically, but there is no immediate visibility, say, of the financial impacts of change orders on the detailed project cost model for each supply chain member. Beyond the financial management arena, one of my mates wants integrated tools that help him improve day-to-day processes without 'reinventing the wheel' (eg: having to re-key data to get subcontractors to fix faulty workmanship). Another is responsible for a multi-project programme - he wants reporting tools that give him an at-a-glance 'dashboard' view of how well all his projects are doing.

Certainly, we are seeing far greater automation of procurement processes, so the Asite/Causeway/Burns HUB initiative has great promise (presumably it is competing with RedSkyIT and others).

I'm not sure what you mean by 3): "Asite ... doesn't even need to work." Surely, if it doesn't work, people will switch to alternatives that do?

Construction, as I see it, is a pretty conservative industry. It wants to be sure that new technologies work before switching from tried-and-trusted methods, and nobody wants to opt to use one type of system only to find another emerges as the de facto standard (think Betamax/VHS, for example). While the main sector players may have begun developing an information exchange standard, I am sure:
1) the vendors will be cagy about letting competitors know too much about the internal workings of their systems or future developments
2) the NCCTP standard will therefore be pretty basic to accommodate wide variations between the systems
3) there is a possibility that market forces may, even then, make the standard obsolete, pushing customers/end-users towards use of a dominant system (my architect friend uses the example of the emergence of AutoCAD as the dominant CAD system - the same could also apply to, say, Microsoft Word or Excel or other 'universal' office standards).

[goonertone] 05/11/2006 16:11

Gresty

You have given a lot of interesting points and info over the last few days and would thank you for that. I would ask from what angle you are coming at this ie dissapointed holder, not yet in, interested observer as I can't quite work out whether you are trying to say Asite is dead in the water or not??

Your second paragraph mentions back office functions as the way forward. What is your idea of a back office function?

Real time project finance etc. Surely its already out there most accounting/contract costing systems can be accessed online by whoever needs to see it and any document management, tendering, buying systeme whatever would integrate with these systems.

Their Asite Buy, supply, exchange and catalogue management are all ways of linking the back offices of supply partners to cut costs. It is already being used (497,000 transactions in May 06)but without knowing the pricing policy its difficult to say how this transfers to the bottom line. For example Redsky IT (Ramesys previously)operate a similar hub called xchange which started in the main as a way for users of Ramesys accounts/contract packages to link directly into Travis Perkins etc. The benefit being the online tracking etc of the order but also the saving in cost. Xchange charges 24p per order as opposed to a fabled £1 or more for a paper/fax based order.

Anyway the point(s) of my argument is threefold:

1) We are now at the second evolution of portal/hubs and they have been developed by and in conjnction with the main payers this time and therefore the business is there as soon as they are set up thus less likely to fail.

2) The sector players have seen the need to have an industry standard and therefore it doesn't matter whether you are the no 1 or no 50 your software can interrelate with all.

3) Asite doesn't need to be the biggest or the best, it doesn't even need to work, it just needs to be used by enough people to make it profitable. Points 1 and 2 in my book now make point 3 more likely.

I don't know any more or any less than any other person looking at this Company and the above is my perception. I am probably more upbeat because I haven't watched my investment slip away over the last few years.

GT

[gresty] 03/11/2006 18:49

GT - having looked at a couple of example organisations, I am more convinced that Asite simply registers its collaboration users. For example, both Ascot Racecourses and Welsh Health Estates, both client organisations, are listed in the supplier directory.

I don't think the portal model has died completely, but experience suggests collaboration is a more sustainable offering. Arrideo, Mercadium, AECVenture, EU-Supply all aimed to become industry portals but disappeared - the real challenge is moving beyond collaboration, which is becoming increasingly commoditised, and adding value by integrating with other back-office functions.

BIM is all very well but do users want/need it today? I want Asite to deliver solutions that construction people want now. Where are the real-time project finance or management reporting solutions, for example?

FLC - good question, but acquisition of a rival on-demand software business is no guarantee that all users will automatically become users of Asite - 'churn' is a major challenge for on-demand businesses, even more so in the highly fragmented, short-term-ist construction industry. Then there are issues about scaleability and migrating users from one solution to another.