Atlantic Global Share Discussion Threads

[trt] 04/6/2003 15:05

Must be some big delayed trades gone thru. Now up 20%.
Might try and grab some more before the close or certainly first thing tomorrow.

I expect further upside tomorrow once people catch on to the potential growth of this share and almost certain press comment / coverage tomorrow.

[trt] 04/6/2003 14:17

Found it eventually :

Here is the news : " Atlantic Global (LSE: ATL.L - news) - talk of big new software product for the insurance industry, which could make it the next Gresham Computing "

Well that would be great as gresham computing on equally good news has risen 350 % in 6 wks.

I am not saying ATL will achieve that sort of rise in 6wks. but if the new software product has the same effect as the product news re gresham , we will all be buying new cars soon

[trt] 04/6/2003 10:45

Broker forescasts are for profits of £518,000 approx up from £234,000 last year.
So profits set to double and with the new software being launched in July with even more Blue Chip companies expected to take it on board these broker forecasts could well be on the conservative side.

Get in early on these type of stocks before everyone else does is always my plan of action. Pity you didn't buy 2 months ago but the upside from here is still great.

Spread is fairly large I know but one is not day trading these shares so it doesn'r really matter. I reckon come end of july after announcement and all the press coverage etc these will touch at least 70p

[littlewillie] 04/6/2003 10:31

Company was tipped to me approx 2 months ago, I ignored it but put it on my 'watch portfolio', always been a good stock to hold, have I missed the boat? I don't think so, cheap as chips me'thinks...lw

[trt] 04/6/2003 08:56

Also mentioned in investors chronicle last week -page 62.
they mention how brokers profit forecasts have increased for the year and also mention the impressive list of blue chip companies that have taken on Atlantic's technology.

[trt] 04/6/2003 07:18

Comment in the Daily mail on how Atlantic could be the next Gresham computing. New software due in July which could move the price up nicely, once its announced.

[kyoto98] 12/9/2002 22:16

I've had this on my watchlist for a while, waiting for it to convince me to buy.

Lots of positive sounding statements but one of the chairman's forward-looking statements may be a concern:

"There is no doubt that economic conditions in general, and in particular in the IT sector are challenging, "we are experiencing this, and we expect this trend to continue. We are unlikely to be totally immune to these trends."

So he's either hedging his bets or it's a guarded future warning buried amongst positive statements which many may ignore.

Also, operating profits are all well and good, but the net cash position has deteriorated down from £2.1m to £1.8m.

The October company relocation worries me. May be necessary but these things have a nasty habit of affecting the bottom line - additional costs, lost productivity, that kind of thing. I know the statement says "The additional cost is not material.", but I suspect that refers to on-going rather than exceptionals. I wonder if related exceptionals are going to crop up in the final year results?

Today's volume - one trade of 3,000 shares - is not very inspiring.

Of course, increasing turnover and operating profits so it continues to be interesting but I can't shake off my niggling doubts here.

As an aside, I'm not quite sure about their new web-site. When I went to I thought I'd got the wrong company for a moment. Looked like they were completely rebranding themselves as "Adeo", but they don't seem to own any "Adeo" domain names (not even the UK one), and in any case there's another company in the UK called Adeo Ltd. A bit confusing.

I don't usually keep a close eye on this company, so any perspectives from long term holders would be interesting.

[quantumx] 12/9/2002 13:03

Thread has gone quiet. Any comments on the interims?

[abadi] 15/5/2002 09:04

Friend of mine has bought these through IMIWeb, only 3k shares though. I tried to get these first thing today through Halifax and could not do electronic trade. Odd because I've bought them in the past. Perhaps the market makers stop electronic trading when there's News about.

The announcement today is very encouraging - 200k is a big-big win (15% of revenue, 35% of profit) for this company.

Lets hope for more of the same.

Where are all the buyers though - are we going to see loads of delayed trades later.

[thebarrelboy] 15/5/2002 06:51

Watch for movement today following NU announcement

[thebarrelboy] 19/4/2002 17:30

Great AGM statement, wish I'd bought more!

[thebarrelboy] 22/3/2002 17:58

Phew,

not a bad rise for a week is it. Wish I'd bought some more now!!

[thebarrelboy] 21/3/2002 17:46

Although I like these, beware being trapped by it's illiquidity!!
Great as a long term buy and hold, but only for the patient imo.

[pdt] 21/3/2002 15:40

These are very hard to purchase. I managed to pick up 10,000 with some difficulty this afternoon. The prospects look very good and it will be interesting to see the business develop over the next 12 to 18 months. There are some good articles on citywire and I noticed a positive write up in Shares magazine today.

Paul

[mitzis] 18/3/2002 15:39

1/2 million cash and valuation £5 million including net cash £2 million makes interesting reading.. very much undervalued..

[the fox] 15/3/2002 19:01

I agree that these are undervalued. EPS was 2.99p compared to forecasted 1.5p. This puts them on a P/E of 9. Seymour Pierce have forecast EPS for 2002 of 2.1p. As these were beaten this time round and the outlook statement was bullish I'd expect that these forecasts will be revised. I would imagine EPS for 2002 being 3-4p, but this may be surpassed due to the 'growth opps' they mention.

I do not hold but have been watching ATL a while.

As an aside the sector P?E for software companis is 34. ATL only came to market in June last year and are still relatively unknown. Some more exposure could lead to a re-rating, which would see 50-60p being fair value for a small, growth software business.

All IMHO

DR

[thebarrelboy] 15/3/2002 18:15

Is anyone here interested in this small software house?

It's cash positive, cash generative and even pays a dividend.

Net Cash at end of year;Dec 31 was £2.1 million
Proforma Turnover up 45% to £1.2million
Taxable Profits before goodwill and exceptionals up 82% at £555,000

20.72million ords of which 66% held by directors
Current Market Cap of £5.59 million


It's client list is stuffed with companies like GlaxoSmithKline,Barcaly's,Ericsson and even the Metropolitan Police.

It gives them one software solution for a host of problems. Planning projects and the means to resource them? Tracking the time they take and the expense they incur? Atlantic will sort it.

According to MD Eugene Blaine, outside of accounting software there's no main job in business that Atlantic's package can't tackle. And he say's the products "appear to have no boundaries in terms of industry sector"

Atlantic claim to be 30 - 40% cheaper than giant rivals like Oracle, and to be able to install their kit in weeks, rather than the months it takes the big boys (ask KYS about Oracle!!)

At 27p, these are well cheap