Atlantic Global Share Discussion Threads

[rob molloy] 16/9/2003 15:10

Blopblup,
how are you reading these trades today?generally buys but price drops, could this be tree shaking
M trade at 77, any ideas.

[blopblup] 16/9/2003 14:52

Seems to be a general malaise in the market.2 days to go before results.

[blopblup] 15/9/2003 18:29

yes plus a presentation to analysts at 10.30am.See previous thread.

[bhaskar2212] 15/9/2003 14:31

Blopblup,

whats significant on Thursday?. Is ATL coming up with results?

[blopblup] 15/9/2003 13:54

I wonder if ATL has caught the imagination.

[element] 12/9/2003 23:25

It doesn't take many buys to get this stock moving. If there is plenty of interest in the run up to results the price could reach £1 ! I wonder where we will be in a weeks time if the results are good and news of new contracts are announced ?

[blopblup] 12/9/2003 22:11

A good 10% rise bodes well for next week.Thursday is the day when i believe as i have done for some time when sparks fly on good news.The presentation to analysts on the same day should be very interesting for all concerned with ATL.

[rob molloy] 12/9/2003 10:22

Under a week to go now, roll on Thursday.

[rob molloy] 07/9/2003 12:45

Don/blop
Great Article, thanks for the research.

[excelsior] 06/9/2003 06:11

Thanks, Don and blopblup.

A very good piece of writing, limited of course by its timing, (pre-results).

The guy's summing up, (his guess that the potential rewards far outweight the risks), supports my reasons for being in the stock.

Roll on results!

[blopblup] 05/9/2003 16:54

Thanks for the pointer Don,here is the article;

Contract wins boost software developer


Atlantic Global
Business Summary
Development and sale of computer software.

Market: AIM
Website: www.atlantic-global.net



Shares in tiny software developer, Atlantic Global, exploded when the company announced that it had sold a license for its latest and most important software module to Norwich Union for £300,000. That may not seem much in normal corporate terms but it is equivalent to 20 per cent of last year's turnover. More important is the implications it has for the company's future growth. The software module sold to Norwich Union was for 1,500 licenses for its new Adeo Corporate Vision software. Not only does this sale raise the prospect of many more such sales in the future, but the company hopes to use this high-level package to boost sales of the five other software modules it has so far developed. An idea of the significance of the deal is that the news triggered a near trebling of the share price.


Market Data
EPIC Company Share Price Market Cap £m PER Dividend Yield% 12-Month hi-lo Company Report
ATL Atlantic Global 83.50 18.99 140 0.60 25.00-89.50



I have spoken to the company about what is happening, but they have to be guarded in what they say because they are reporting results for the six months to 30 June on 18 September. The Stock Exchange would take a very dim view of it if they told me, or I passed on to you, any insight into what the figures were going to be. However it is encouraging to note that Atlantic described the contract as 'consolidating its position as one of the fastest growing software suppliers in the financial services sector'. This is not the kind of public statement you make when you are about to issue a profit warning. Since 1999 sales have grown every year from £480,000 to last year's £1.55m with profits up from £14,000 to £470,000 and further growth forecast.


Financial Data
Fiscal Year Proj Turnover £m Pretax Profit Change % EPS Change % DPS Change
%
2002 1.55 0.47 NA 1.54 NA 0.50 NA
2003 * n/a 0.70 48.9% 2.00 29.9% 0.60 20%
2004 * n/a 1.00 42.9% 2.90 45% 0.75 25%

EPS - Earnings per Share
DPS - Dividend per Share



Atlantic works with large corporate customers
The key to all Atlantic's software is its simplicity and flexibility. The business began in 1993 and won its first contracts in 1994 and 1995 with Glaxo and Pfizer, pharmaceutical concerns that are among the world's biggest companies. Finance director, Rupert Hutton, tells me that paradoxically the bigger the company the simpler the software has to be. This is because there are so many users. If the software is too complex one of the thousands of users is bound to find some way of beating the system. This happened with the group's time-recording software when a WorldCom employee entered two years of attendance records in advance. When the ruse was discovered, the software was altered to make it impossible to enter data over such a long period in one go.


Growth continued despite WorldCom collapse
WorldCom's collapse was a minor disaster for the group, which had sold the telecoms giant 5000 licenses to its time-recording software. Atlantic makes much of its revenue from maintenance and consulting work. This revenue from WorldCom dried up overnight. However the company is well over the shock and is signing up new customers like Barclays, NEC, LogicaCMG and Norwich Union.

A key element for Atlantic Global in making sales, apart from being vastly cheaper than giant rivals like Oracle and Peoplesoft, is the flexibility of its software. Companies can customise the software in any way they want, meaning that effectively they are buying the capabilities of bespoke software at the price of a package. Users typically pay something upfront for the license plus say £100 per user; in addition they sign up for a three-year maintenance contract at a cost equal to around a third of the original cost of the software. For this they receive regular six-monthly updates of the package.

As with other companies like Trafficmaster, costs are kept low by the 'thin client' business model. In recent years, all Atlantic's software has been moved from the desktop to the Internet. This means that users simply log on to use the software; there are no disks that need to be inserted into the machine; updating is easier and cheaper.

The company began with Time Recording software and has developed variants for companies like computer consultancy LogicaCMG, enabling it to use time recording for its contract employees as well as the regular staff. A division of LogicaCMG is already using four of Atlantic's modules.


'Very, very excited' about new software
The company is particularly excited about the Adeo Corporate Vision software that is aimed at the efficient delivery of business objectives in service-based organisations. The company describes the module as its new Business Portfolio, Project, Resource and Milestone Management software. Developed initially with Pfizer, it enables top management to keep in touch with all the projects going on within a large and far-flung business.

Not only can top management keep in touch with the progress being made, such as whether promised milestones are being achieved, but it also makes it possible to use company resources more efficiently. Hutton says there are many examples of companies calling in expensive outside experts when there were people within the company that could have done the job.

I expect to learn more on 18 September when I will be meeting the company again, but it is clear that Atlantic's board and tiny staff of just 17 employees feel they are just at the beginning of an exciting period of growth. Given that the group is working with some of the world's biggest and most powerful business across a range of industries, it is easy to imagine that they really do have a large opportunity. It is always a little nerve-wracking to buy shares that have jumped so strongly ahead of an announcement. But my guess is that the potential rewards far outweigh the risks.


The Share Weekly Quality Ratings
Relative Strength 10-year Trend Latest Trading Profit Forecast Ratios External factors TSW Rating
6

[don carter] 05/9/2003 12:15

Strongly tipped on everyinvestor.co.uk [must register, but it's free]. This guys tip record recently has been very good. Looks good to me too, so I'm in today.
Don

[blopblup] 04/9/2003 20:35

Big smile and more to come I hope!!

[excelsior] 04/9/2003 15:30

Some one has just bought 93,000 in one hit.....there you go blopblup that must put a smile on your face.

[blopblup] 04/9/2003 14:50

Thanks for the company,price going up bit by bit and no thanks,I think i'll I won't bother the samaritans.

[element] 04/9/2003 14:46

I think there may be some who will have a greater need for the Samaritans when they realise that they have sold their ATL shares too quickly and miss the ride up to £1 !!!

[bhaskar2212] 04/9/2003 14:09

looks like morose is right. it has gone up by 3 pence already..

[staverton] 04/9/2003 14:05

Rob Molloy

Took your advise and phoned the Samaritans----they told me to 's*d off'

[morose] 04/9/2003 13:59

blopblup

Never mind, you're not talking to yourself, I'm reading your scripts.

Not much to add apart from hoping for sharp increase with the next piece of newsflow.

Don't feel uncomfortable waiting as I expect this to keep moving in the right direction in its usual fits and starts.

Anyone thinking of buying would be wise to get on board quickly, this can take off very quickly if you take your eye off the ball even for a few minutes.

[rob molloy] 04/9/2003 13:20

Hep up blop,

not much we can say at he moment,good little company, makes profit, pays dividends, etc etc. Nothing to fall out with anybody over.
Some may even say boring, as long as the price climbs steadily we should just chill out and enjoy what others may be mising.
If your really lonely, there is always the Samaritans, don't think they will know much about Atlantic Global but you never know.
good luck

[bhaskar2212] 04/9/2003 13:13

Hi,

It seems the share is suddenly picking up. any reasons?

[blopblup] 02/9/2003 19:50

How come nobody ever posts anything on this site!!!Even on a good day????Please come on,give me company.

[blopblup] 02/9/2003 14:07

Relatively speaking,there is alot of activity here.The momentum has begun earlier than anticipated.

[blopblup] 02/9/2003 09:18

This will attract further attention but more nearer the time.I've been a fan for ages so my hopes are now being realised.With further news I know these will motor though 4X as an earlier post put it, is a bit too optimistic though I wouldn't mind.