We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Invu | NVU | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 29.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 29.50 | 29.50 |
| Top Posts |
|---|
Posted at 13/4/2005 21:29 by fegga this was from june last year incase you missed it from citywirePublished: 15:11 Monday 14 June 2004 By Joanne Wallen, Associate Editor Invu has a proven software product, a growing customer base, a business model that resembles that of Sage and a seasoned management team with strong links to that company; and valued at just £9 million it has to be worth a second look. Invu has developed a suite of document management software that enables users to scan in paper documents, retrieve them and route them to the appropriate place using workflow. The company has taken advantage of recent technology changes to enable it to develop a system that can be sold 'out of the box' at low cost. More importantly, it prides itself on not selling document management but on selling real solutions to real problems for different industry sectors. 'We just automate the mundane,' chief executive David Morgan told Citywire. For example, independent financial advisers (IFAs) have to be able to store and retrieve all customer data for compliance purposes. If a paper file happens to be out of the office when the compliance officers call, life can get very tough. The Invu system enables all documents to be scanned in and retrieved instantly. IFA firms Millfield and St James' Place are two major Invu customers. The company floated on AIM in January, having de-listed from the Nasdaq over the counter market. As we pointed out last month, this could be one thing holding the shares back, since there are currently two lots of listed shares, NVUK, the majority of the UK shares, trading at 9.25p, above the 8.5p placing price, and NVU, a residual of the US shares, which are at 14p. There are some 66 million UK shares and 30 million US, with the US shares held mainly by 'insiders.' There is nothing inherently wrong about this, the US Securities and Exchange Commission (SEC) obliges the company to hold both lots of shares for two years after de-listing. But it may well cause confusion and put some investors off the UK shares. However, that in itself could present a buying opportunity for those willing to wait a while. The company is chaired by Daniel Goldman is the son of the late Sage founder David Goldman, and the managing director of Goldman Investments and non-executive director of BATM Advanced Communications. Non-executive director Tom Maxfield spent 13 years as a main board director of Sage. The Sage connection is important for two reasons. Firstly, these are people who understand the dynamics of a business that produces boxed software that can be sold through a large reseller channel in large volume. Secondly, Sage has had to look outside of its core accounting software to protect its future growth path, and so far it is focusing on CRM (customer relationship management). However, Invu's product would equally fit well within Sage, and this fact has almost certainly not escaped Goldman and Maxfield. Chief executive David Morgan explained to Citywire how the company was spending the £2.5 million after expenses that it raised at flotation. He said the key now to build up the Invu brand, to grow the reseller channel and to boost the servicing of those resellers. The company has also employed three new business development managers, taking it to seven in the UK and two in Holland, and is recruiting a marketing manager to build demand from end users. Invu now has 974 customers in several different vertical markets, including financial services and mortgage broking, construction, haulage and freight. It also has more than 100 resellers. In the first quarter the company sold new licences for 1,500 users, up 60% on the same period last year. And last month, the first of its second quarter, it sold 702, compared with 880 for the whole of last year's second quarter. 'We are all geared for growth now, whereas 18 months ago we were geared for educating users,' said Morgan. For the year to 31 January Invu turned over £2 million, up 19% on the previous year, with losses after tax down to £130,000, or 0.36p per share from 1.45p per share last time. House broker Arbuthnot is looking for revenues for the current year of £3.1 million, profits of £300,000 and earnings per share of 0.4p, rising to £4.9 million of sales, £1.5 million profit and 1.6p of earnings per share next year. However, the broker thinks that given the increased marketing spend and the improving environment for the software, it is being conservative, and says that in this case the 'valuation measures would look even more compelling.' Citywire Verdict: This one will need a bit more patience, firstly to see whether the sales volumes do start to build significantly and secondly to let the US shares work their way through the system. However as risks go, this one is definitely hedged by the quality of the management team and the fact that the product appears to be selling well. Worth a nibble. |
Posted at 28/2/2004 15:28 by wole Especially if you bought in at the issue price!RNS Number:8726T INVU, Inc. 06 January 2004 6 January 2004 INVU, INC. FIRST DAY OF DEALINGS ON THE ALTERNATIVE INVESTMENT MARKET INVU, Inc. ("INVU" or "the Company"), the document management software provider, announces that its shares have today been admitted to trading on the Alternative Investment Market of the London Stock Exchange ("AIM"). At the placing price, INVU is capitalised at approximately #8 million. 35,294,118 new Common Shares have been allocated to institutions and other investors under the placing, raising the sum of approximately #2.47 million for the Company (net of expenses). The newly issued shares represent approximately 37.5% of the Company's issued and to be issued Common Share capital upon admission to trading on AIM. Arbuthnot Securities Limited is acting as Nominated Adviser and Broker to the Company. Commenting on the successful fundraising and flotation, David Morgan, Chief Executive of INVU, said: "We see a significant opportunity for INVU to take advantage of the growth opportunities in the document management market. This is particularly true in the SME market where our products' ease of use and affordability are proving attractive to companies. The funds raised will allow us to continue to build our presence in this market, to expand our reseller channel and to further develop the INVU brand." This is now 71% above it's float price in 7 weeks! Tipped by IC. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
