Chelford Share Discussion Threads

[tole] 27/10/2005 07:36

Well another aquistion in the bag here :) Nice diversification with Financial Services and the Public Sector too


ACQUISITION OF SHIAN FOR UP TO £2.5M

Chelford Group plc ("Chelford"), the IT supply chain software/services, SAP and
RFID solutions group, is pleased to announce that it has acquired Shian Limited
("Shian") for a maximum consideration of up to £2.5 million.

Shian is an IT solutions and services business focussed on Microsoft and SAP
applications. For Microsoft applications, Shian's principal markets are in the
financial services and public sectors. It is a Microsoft Gold Certified Partner
with competencies in Data Management Solutions, Information Worker Solutions and
Microsoft Business Solutions. For SAP, Shian focuses on supply chain
applications. Customers include Hewlett Packard, Black and Decker, Barclays
Bank, Scottish Enterprise and Glasgow City Council. Earlier this month, Shian
was runner-up in the Scottish Software Company of the Year Awards. Shian
employs 35 staff in its Glasgow, Scotland, offices.

The acquisition of Shian complements Chelford's existing activities. The
Microsoft Business Systems practice adds to the Group's existing operations,
while Chelford's SAP Division will be strengthened by Shian's activities.
Meanwhile, Financial Services and the Public Sector represent new vertical
markets for the enlarged group. The addition of an office in Glasgow will help
in servicing Chelford's existing Scottish customers and extend its coverage in
that area.

In the year to 30 April 2005, Shian's turnover was £2.03 million and profit
before taxation was £379,000. Net assets at 30 April 2005 were £241,000. At
completion, Shian had a cash balance of approximately £315,000.

The initial consideration of £1.365 million in cash has been satisfied from
Chelford's existing resources. A deferred cash consideration of £60,000 will be
paid on 30 April 2006. Additional consideration of up to £1.075 million in cash
will be made, subject to the performance of Shian in the financial year ending
30 April 2006. The vendors are Shian's founders, Darren and Catherine Murphy.

Chelford's Chief Executive, Trevor Lewis said: "Shian is an excellent fit with
Chelford's existing activities and conforms to our strategy of acquiring
complementary companies with good organic growth potential. Shian strengthens
our existing SAP activities, adds a successful Microsoft solutions practice,
takes us into additional vertical market sectors with opportunities for
cross-selling and gives us a strong presence in Scotland."

[bernieboy] 19/10/2005 17:24

Considering the selling and drops elsewhere today - I reckon CHR held up very well!

[bernieboy] 19/10/2005 10:23

Yeah I reckon the 5000 was a sell as well. Still slipping again today....

[aspex] 19/10/2005 02:00

On the other hand the 5000 trade was when the previous quoted spread was still 275/285 which would make it a "sell"
As I do not know the spread at the contract time that is just my take on it.

[pc4900074200] 18/10/2005 21:06

The drop was caused by the MM's needing to cover that 5k buy.

They have not got the shares to trade. They caused the drop at
15:00 found a seller of 2,000 which then covered them for the
5,000 trade.

They need shares to cover any large trades.

pc

I wonder if they can cover the last two trades???

I think not!!!!

[pc4900074200] 18/10/2005 20:38

NumCodePriceSizeTypeCTBidOfferTimeBuySell?Buy Vol.Sell Vol.? Vol.9304G3S7A05255.04,000O - - 250.0258.015:51:494,000 - - 12,4312,1142,00087051XT4L05255.03,431O - - 250.0258.015:32:423,431 - - 8,4312,1142,00077051Y3CG05265.02,000OL - 250.0258.015:29:43 - - 2,0005,0002,1142,00066056B0RH05270.05,000O - - 250.0255.013:34:525,000 - - 5,0002,114 - 5204EK94J05255.0378O - - 255.0262.015:32:36 - 379 - - 2,114 - 4304G3R4B05260.1402O - - 260.0270.015:31:14 - 402 - - 1,735 - 3403XJA5J05260.0597O - - 260.0270.015:30:27 - 597 - - 1,333 - DEL204EKF3F05265.02,000O - - 265.0273.015:29:43 - 2,000 - - 736 - 1504WK51X05276.25500O - - 275.0285.011:35:15 - 500 - - 736 - 06056AYH305276.25236O - - 275.0285.011:21:55 - 236 - - 236 - That's the trades page.Now look at the download page.There should be some explaining done by the MM's.The trade that caused the drop of at one time 00:30p has been deleted,then placed as a late trade and as a ??There is also a trade timed at 13:34:52 smack bang in between two trades timed at 15:00 +. That's not marked as a late trade???The MM's are realy playing games. The share should have gone UP today.Not down!!!!pc

[aspex] 18/10/2005 19:45

Based on the timing of the transactions all of them appear to be Sells
However it is still a very small number.
Looks like when I sell (sometime off!) I could affect the market with my holding.

[bernieboy] 18/10/2005 17:14

Any ideas as to the 10% drop?? Doesnt really matter as I will be holding for the £4 + next year anyway - just inquiring really!

[pc4900074200] 18/10/2005 15:35

Nice one, Mr. 5k

pc

[pc4900074200] 18/10/2005 15:31

Not stimulated the desired effect from shareholders.

As I was going to post, they found one!!

pc

Edit: Now a few more.

[pc4900074200] 18/10/2005 13:57

They [MM's] love to play games.

pc

[this_is_me] 18/10/2005 13:53

There could be a T trade sell going through or the MMs were bored and wanted to stimulate some action. I will be tempted to add if it drops.

[cockneyrebel] 18/10/2005 13:48

illiquidity - falls on little volume quite often

CR

[largeman] 18/10/2005 13:41

OUCH!

2 small sells and then an hour later the bid drops 10p! Can't see any RNS for this - ideas anyone?

[welsheagle] 01/10/2005 18:43

From August's 'Company Refs', when price was 244p:-
a/ Prospective PE ratio of 12.8 (based on three broker forecasts, one recommending 'strong buy', one recommending 'buy', and one recommending 'hold').
b/ Forecast growth in eps of 14.6%.
c/ Negative gearing of -27.1%.
d/ Price to sales ratio of 1.36.
e/ Turnover up from £2.64m to £11.9m in last five years.
f/ Cash flow of 12.8p per share.
g/ Price to research expenditure ratio of 26.4.

Overall these compare favourably with the rest of the market.

[bernieboy] 26/9/2005 11:16

Yep - sit back and watch your investment grow!! Steady as she goes.

[this_is_me] 26/9/2005 11:14

A steady stream of contract wins will have an effect on the results in due course - looking good for the long term.

[cockneyrebel] 26/9/2005 10:20

iii rumour was true then :-)

Nice one - in the price a bit I guess from saying the pay back is next year but a nice win.

imo

CR

[aspex] 26/9/2005 07:05

Here it is

Chelford Group PLC
26 September 2005




FOR IMMEDIATE RELEASE 26 September 2005

Chelford Group plc

£2.4M MANAGED SERVICES CONTRACT

Chelford Group plc ('Chelford'), the IT supply chain software, SAP solutions and
RFID applications group, has been awarded a £2.4 million, four-year Managed
Services contract by a leading food group.

Chelford's SSI Division will provide IT support for a number of locations for
several software applications including SAP financials and Chelford's TROPOS
system.

This will be Chelford's first major Managed Services support contract for SAP, a
service which is being offered to the Chelford SAP Division's customers. The
contract will make a small contribution to revenue in the current year and will
contribute fully in 2006 and beyond.


Trevor Lewis, Chelford's Chief Executive, said :

'The Managed Services area of our activities is growing well with the majority
of SSI's customers already taking Managed Services. This new contract
demonstrates our ability to extend this aspect of our business into the SAP
arena where we have a strong position in the SAP applications mid-market.'


About Chelford

Chelford Group plc is based in Basingstoke, Hampshire and its shares are quoted
on AIM (stock code: CHR). Chelford now has three principal operating divisions.
SSI is a developer and vendor of supply chain solutions based on its TROPOS
product suite which is sold mainly to mid-sized corporate customers. Chelford
SAP Solutions is a SAP solutions provider to the mid-market. Agility Systems is
a supplier of supply chain execution and RFID solutions to the consumer products
and transport and logistics markets.

[largeman] 22/9/2005 14:25

Re My post 1584 - The rumour postings on iii/ample have been removed so I assume it was a blatant ramping.

Nice move north though.

[bernieboy] 22/9/2005 11:30

I was almost hoping for a bit of a pullback to below 250 to get some more! Oh well - just have to be happy with the continued Northwards movement!!!

[cockneyrebel] 22/9/2005 09:58

cheers - often takes results a bit of time for a response imo.

Nice move up today

CR

[aspex] 22/9/2005 09:16

Apparently just the expected update 'buy' after the results in Share Mag

" Updates: *Buy Alumasc (ALU.L), SmartFocus (STF.L) and Chelford (CHR.L). "

[largeman] 22/9/2005 08:44

There is a rumour on the iii/Ample board re a 2.5m deal with Uniq Prepared Foods. I've seen nothing announced so it may just be some blatant ramping. Shares mag was mentioned on that board as well although no clues as to the content.

[aspex] 22/9/2005 04:07

What does Shares Mag say please????
I hear there is a recommendation in it today.
Or is it just a general comment?