Portrait Software Share Discussion Threads

[investinggarden] 02/7/2009 15:19

Buy recommendation from Growth Company Investor

[attilio7] 02/7/2009 12:23

You call someone a mug, then when they understandable retaliate you say "no need to be offensive".

[kruger2004] 02/7/2009 11:45

yes we will bainsey.
no need to be offensive; have i touched a raw nerve?

[bainsey] 01/7/2009 15:17

just bought 50k worth @ 15.5p

[infocusint] 06/6/2009 15:33

Timely3. PST have been one of Techinvests worst tips buying as high as 71p for the portfolio. I payed 16p so hope we both do well from here.

[timely3] 05/6/2009 15:26

I hope so, I bought a few earlier this week on the back of a techinvest update.

[infocusint] 05/6/2009 14:37

Nich Randall buys 1,607,580 shares, a vote of confidence? Better times ahead we hope.

[yangou] 23/4/2009 12:57

Should have bought some this morning. Did not expect anything like this today up by 38%

[yangou] 23/4/2009 10:16

Good one for the longer term though. Some movement this morning. Keeping an eye on it for the future

[yangou] 23/1/2009 19:25

Sold mine ended up buying somthing sweeter. Great chart for SUGA

[yangou] 22/1/2009 14:09

Just what i was wondering too Kruger.if no good for at least next 6 months would buy back into Hambledon mining

[kruger2004] 22/1/2009 09:18

is this company dead?

[kruger2004] 12/12/2008 14:36

smartfocus, a portrait competitor have issued a profits warning today. Still no forecast from portrait's brokers and no contract wins for about 12 months. Is this headed for knackers yard at last? Does anyone care?

[attilio7] 02/12/2008 01:17

Hi infocusint, Yes I am a holder, bought in at 21p :(

regards attilio

[infocusint] 01/12/2008 18:02

Hi Attilio. Thanks for that. Are you a holder? I bought three lots between 14p and 20p. Thought they looked cheap. What did I know. Regards Infocusint.

[attilio7] 01/12/2008 14:38

Hi infocusint, I am not with Techinvest however I am with Pricision Guided Investments (P.G.I.) And Paul Hill said this 27/11/08


"Portrait Software – Weak interims but hang in there

On Tuesday and in line with previous guidance, Portrait Software reported weak first half numbers as the banking crisis hit its Q2'08 license sales. However this is not the time to bale-out. With a new CEO (Luke McKeever) set to take the reins in March 2009, and with "business activity returning to more normal levels", the future looks more promising. The key points from the announcement were:

* Revenue increased by 9% to £6.9m due largely to the acquisition in March of Million Handshakes - which has now been successfully integrated. Reassuringly Portrait derived £4.1m (or 59% of sales) from recurring licenses and maintenance.
* Following the H1 underlying operating loss of £1.1m, an "overhead costs reduction programme has been implemented to align costs to core activities", and as such I'd expect at least an underlying breakeven position to be achieved in H2.
* In relation the outlook, the board are "cautiously optimistic" about H2 and beyond.

Clearly it's a brutal time to be selling advanced marketing software to the beleaguered financial services industry. As such I have reduced my estimates for the next 2 years, which in turn has decreased the fair value from 14.3p to 10.2p per share. Nonetheless, as long as things do not deteriorate markedly – say by forcing Portrait into a dilutive fund raising - then at current depressed levels, this is another stock to hold. It has £38m of unrelieved tax losses, a recurring £10m pa revenue stream and first rate technology even recognised as such by Gartner. To me if acquired by a trade buyer (which looks more probable by the day), then any take-out price would be well north of 10p/share.

[yangou] 09/11/2008 13:34

I agree. More than this one like that just now. Any monies received would be welcomed to pick out better bargains out there .

[napoleon 14th] 07/11/2008 16:32

Good news, IMHO, would be a T/O from a far more dynamic company not in need of "Jam Tomorrow" stories. IMV they have the products but not the BALZ!

[yangou] 24/10/2008 12:00

Yes I was just too late to sell out before that final drop. Put minimum price too high which was not according to the info here. So best to hold on tight now and perhaps one to add to if some good news flow comes in for these.

[attilio7] 15/10/2008 16:07

Let's hope that this is the bottom. A 41% drop at one stage was scary.

[yangou] 14/10/2008 15:46

Still a good company. Just need to wait a little longer for payout day. Tried to sell this morning but not accepting over 6p. Rather buy ARC. Still think it is undervalued though. But what does that have to do with anything in these markets?