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Share Name | Share Symbol | Market | Stock Type |
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Sagentia Grp | SGA | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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4.00 | 4.00 |
Top Posts |
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Posted at 16/5/2008 07:28 by jonwig PICNIC - it would be nice to see more Sensopad royalties arriving: they always seem to get deferred.Meanwhile the SGA share price recovery continues, so I'm comfortably in profit, despite buying my first lot at over 8p. |
Posted at 15/5/2008 19:48 by picnic I see from the tt electronics group (ttg) AGM "the approval by a major German automotive customer to start volume production of our Autopad accelerator pedal product" must be good news(old news confirmed?)for long suffering SGA shareholders.I wonder how quickly our £7m capped royalties will take to get to our Co? |
Posted at 08/5/2008 14:52 by spital23 Sagentia - SPECULATIVE BUYCompanies: SGA 07/05/2008 Currently poised to emigrate from the Full List to AIM, technology consultancy Sagentia looks unfairly unappreciated by the market. At less than £10m, its market value represents only two thirds of its £14.6m of property assets and, if you include its £7.6m investment portfolio, loans and cash, Sagentia's shares trade at a significant discount to its shareholder funds of 8.1p per share. Understandably there has been a bout of director buying in the past couple of months and new chief executive Dr Alistair Brown, stepping up from sales director, intends to sell off the company's venture portfolio and move to AIM. He says the new focus is 'on earnings rather than equity'. The previous strategy had been to generate shareholder returns by creating spin-out companies, some of which still sit in the portfolio, such as AIM-listed CMR Fuel Cells. Once the venture capital subsidiary is sold off Sagentia will be left with a consultancy arm that last year generated a £500,000 profit from £17.9m of fee income. Operations in the UK, the US, Germany, Hong Kong and Sweden engage in business consultancy and product development. Standout projects include a suite of digital products that have helped transform the prospects of toymaker Hornby, the launch of a mobile payment solution for Vodafone and a delivery system for AstraZeneca that generates Sagentia £500,000 of royalties a year. A move to AIM by the end of June and the appointment of new broker Arbuthnot might help to garner some more attention from small-cap followers. The move might also see 48% shareholder Catella, a sister company of Ikea, reduce its stake. Speculative buy. |
Posted at 07/5/2008 20:15 by dorset64 Steve, Yes it is.This months trades to date: Trade Date Trade Time Price Volume Type Consideration Conditions 07/05/2008 16:12:50 4.75 16,842 O 800.00 07/05/2008 14:23:57 4.48 179,348 O 8,041.96 07/05/2008 13:16:09 4.45 20,000 O 890.00 07/05/2008 10:22:00 4.45 100,000 O 4,450.00 06/05/2008 13:06:33 4.25 50,000 O 2,125.00 06/05/2008 08:09:24 4.47 17,901 O 800.00 02/05/2008 16:28:08 4.44 12,168 O 540.02 02/05/2008 16:17:24 4.38 100,000 O 4,375.00 02/05/2008 16:14:19 4.20 20,000 O 840.00 02/05/2008 15:17:26 4.00 44,695 O 1,787.80 02/05/2008 14:59:50 4.20 10,000 O 420.00 02/05/2008 14:57:33 4.25 20,000 O 850.00 02/05/2008 08:56:37 4.12 25,000 O 1,031.25 02/05/2008 08:00:16 3.75 89,500 O 3,356.25 Symbol SGA as in here Dorset |
Posted at 07/5/2008 19:23 by cyprussteve Am I correct in saying that SGA is traded on BOTH the AIM and PLUS markets?Regards Steve |
Posted at 07/5/2008 18:27 by jonwig Ken ... they've just announced (02/05) that Harston Mill is fully let now - hitherto it was almost full.It's valued at £14.1m in the accounts to 31/12/07, and the annual rent was £1.7m (SGA plc gets rent from its operating subsidiary). That tells me a rental yield of 12% - a modern, well-fitted complex with ample parking and security a few miles from Cambridge. You'd think a yield of 6 - 7% maybe? Yet they said it wasn't materially mispriced (last valued 2006). I've asked the company why it's carried at such a low value. PS. I've asked some more questions, which I'll post about when I get a response. |
Posted at 07/5/2008 13:26 by elgordo Good spot Jon. There does appear to be a growing sense of positivity about SGA afoot. My problem is I hold most of mine in an ISA, so will have to offload once they move down to AIM. |
Posted at 07/5/2008 12:53 by jonwig Sagentia - SPECULATIVE BUYCompanies: SGA 07/05/2008 Currently poised to emigrate from the Full List to AIM, technology consultancy Sagentia looks unfairly unappreciated by the market. At less than £10m, its market value represents only two thirds of its £14.6m of property assets and, if you include its £7.6m investment portfolio, loans and cash, Sagentia's shares trade at a significant discount to its shareholder funds of 8.1p per share. Understandably there has been a bout of director buying in the past couple of months and new chief executive Dr Alistair Brown, stepping up from sales director, intends to sell off the company's venture portfolio and move to AIM. He says the new focus is 'on earnings rather than equity'. The previous strategy had been to generate shareholder returns by creating spin-out companies, some of which still sit in the portfolio, such as AIM-listed CMR Fuel Cells. The venture capital subsidiary was sold off last year for £1.5m, leaving a consultancy arm that generated a £500,000 profit from £17.9m of fee income in 2007. Operations in the UK, the US, Germany, Hong Kong and Sweden engage in business consultancy and product development. Standout projects include a suite of digital products that have helped transform the prospects of toymaker Hornby, the launch of a mobile payment solution for Vodafone and a delivery system for AstraZeneca that generates Sagentia £500,000 of royalties a year. A move to AIM by the end of June and the appointment of new broker Arbuthnot might help to garner some more attention from small-cap followers. The move might also see 48% shareholder Catella, a sister company of Ikea, reduce its stake. Speculative buy. |
Posted at 02/5/2008 11:48 by elgordo Jon I think my main interest now is to what extent they have been able to change their business model, as previously stated, trading up-front fees for a share of future revenues. As you've said in a previous post, "SGA gets lots of mentions of high profile collaborations... but where's the profit?". The highest profile example of this, of course, is M-Pesa. It's great that they (presumably) continue to earn consultancy fees as the project expands into new countries, but it would be nicer if they were picking up a share of the revenues. They also announced a while back that "Actions are also underway to sell a number of our portfolio holdings", but other than the TurfTrax float, there's been no news on this front. Updates on their other ventures would also be welcome. Things have gone quiet since the new year at Atraverda, whilst HD-LED was going to be available from "early 08". So, I guess my questions would be what's your business model now, how do you intend to grow the profitability of the business, how are you getting on with disposing of holdings, and what news is there on progress of those holdings' businesses? ...By the way, will you be posting any comments on the CMF board, from the AGM (please)? |
Posted at 08/2/2008 13:27 by elgordo I was wondering if/when SGA's share price would be adjusted to reflect the loss in value of the holding in TTX since its float. The numbers are:TTX shares held: 3,177,486 Price fall: 17.5p (float price 40p, current mid-price 22.5p) Loss in value: £556,000 SGA shares in issue: 216m Loss in value per share: 0.26p So, of course, SGA doesn't move for a few days, then drops 0.5p. Sigh. Apart from the loss in value (which, of course, might be regained in due course if TTX recovers), the immediate and precipitous decline in TTX's price after floating will not endear SGA to others as and when it wants to sell or float off other assets. Hopefully they will be able to make a case that it was all down to market conditions at the time, but this story needs a recovery in TTX's price at some point to give it credibility. In the meantime, I'll try and get excited about today's news that Sagentia has been awarded certification to ISO 13485:2003 (see for all the gripping details). |
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