Servicepower Share Discussion Threads

[chrisdgb] 04/9/2015 13:44

Post summer lull, this remains my favourite share.........

[yoyoy] 14/8/2015 15:50

JVC Kenwood, at least a name we recognise this side of the Atlantic

[bagpuss lives] 12/8/2015 13:29

Just keeps showing how diverse the product mix is now and the differing product areas that they can be applied to.

Just keep building the recurring revenues and the bottomline should take care of itself.

[chrisdgb] 12/8/2015 08:22

All good news, we have real positive momentum with this stock......

[weatherman] 12/8/2015 08:13

New contracts announced this morning and price moving up..

[brummy_git] 07/8/2015 09:23

Thanks yoyoy

[yoyoy] 07/8/2015 08:36

hxxp://servicecouncil.com/evaluating-microsofts-field-service-move/

[brummy_git] 07/8/2015 07:26

Excellent note yoyoy – by the way, where did you get the source for your information?

[yoyoy] 06/8/2015 21:31

Field service automation has been a market receiving a lot of attention as of late. The move by Microsoft is the latest in a series of partnerships and acquisitions in the previous 5 years.
1.In 2010, ABB acquired Ventyx to expand its field service and mobile workforce management capabilities for utilities.
2.In 2010 IFS acquired 360 scheduling for its dynamic scheduling tools.
3.In 2012 IFS acquired Metrix to expand its field service and service management offerings.
4.In 2012 PTC acquired Servigistics and its field service assets. PTC also went on to buy Axeda (TSC Analysis) and ThingWorx (TSC Analysis) for IoT capabilities.
5.In 2012, SAP acquired Syclo for mobile application development. One of Syclo’s target markets was field service.
6.In 2013, Pega Systems acquired Antenna Software for mobile application development aimed at customer support and field service.
7.In 2014 Oracle acquired TOA Technologies for its cloud-based field service solutions (TSC Analysis).
8.In 2014, Verisae acquired ViryaNet for field service and mobile workforce software aimed at utilities and retail.
9.In 2015 ClickSoftware was acquired by Francisco Partners (TSC Analysis) and taken private.
10.In 2015 PTC announced a field service and IoT partnership with ServiceMax

In between, both TOA Technologies and ServiceMax raised large amounts in the private equity market.

It’s only a matter of time before there are additional moves made in the space. Suitors will be other enterprise software organizations such as Salesforce, SAP, and Netsuite. IBM and Google are wildcards, though it seems that Google is happy to address the market with projects such as Glass. It recently shelved it’s a solution for small to mid-sized field service businesses but is always a force in the background given the ubiquitous use of Google Apps for Work.

The question is that there aren’t that many best-of-breed field service targets left, atleast for the enterprise. ServiceMax tops that list and is a lucrative buy given its development on the Salesforce platform. Yet, it continues to expand its presence with back-end SAP clients and has also inked a partnership with PTC. The inkling is that ServiceMax is preparing to go public. ClickSoftware was just taken private and so its unlikely to exchange hands any time soon. Other providers include Astea, ServicePower, and Vertical Solutions.

There is significant value that can be delivered in an enterprise-plus technology stack. Especially in connecting the areas of big data and IoT with field service, integrated enterprise solutions can offer a great deal to customers who align themselves with a vendor of choice. That said, the presence of a good mix of independent best-of-breed solutions is necessary for this market to thrive and grow. These solutions drive innovation and excitement in the overall industry. And they keep the big boys on their toes.

It’s going to be a very interesting space to watch over the coming years, especially given the explosion of mobile, IoT, and Big Data. We’re also seeing a lot of interesting work being done in automation tied to:
– Video and Augmented Reality – see blogs (here and here)
– Contingent Labor and Contract Workforce Management w/ FieldNation, OnForce, WorkMarket, ServicePower.
– Communication and Collaboration w/ Cotap, TigerText, Red e App

[aishah] 03/8/2015 13:28

This has been a serial disappointer over so many years but the tide seems to be turning. Good to see a chunky director buy. Will wait and see how things pan out before re-entering again.

[bagpuss lives] 03/8/2015 10:48

Getting towards some interesting price territory now with no real support levels from the drop in Nov/dec 14.

[bagpuss lives] 31/7/2015 14:43

I think we have a solid base to push on especially as their are now no extra shares to potentially dilute the capital base.

[chrisdgb] 31/7/2015 08:17

Confidence from the non-exec with a 2m purchase....

[chrisdgb] 29/7/2015 10:31

Some more contracts would also squeeze us nicely higher..!!

[puku] 26/7/2015 17:27

yes Chris - been trying to top up but either no stock or was quoted 4.75p

[chrisdgb] 21/7/2015 09:06

I also get the feeling there is very little stock around either...

[bagpuss lives] 21/7/2015 08:54

Always worth checking this to see if their is an interview after an announcement.

[chrisdgb] 21/7/2015 08:17

I do like the Herald angle with this one, they are very shrewd investors..

[aishah] 16/7/2015 13:38

Techmarketview:

ServicePower returns to growth in H1

AIM-listed field service management software specialist, ServicePower is looking in better shape in H115 following a disappointing FY14 (see ServicePower slips into losses).

Revenue for the six months to 30 June should be up 13% at £7m, and operating losses (before the nasty bits) have been trimmed to -£200k vs. £700k last time. Good news is that management now expects to return to profit in H2, and see a significant improvement in the cash position, which stood at £700k in H1.

ServicePower works with organisations that have sizeable field service teams to attend to customer call outs – companies like ADT, Northern Ireland Electricity, Mitsubishi, Farmers Insurance, AIG Warranty and Pitney Bowes.

Revenue is on the up following a number of significant deals and some new strategic partnerships – including one with our Little British Battler Concirrus (see here) - to broaden its functional capabilities and cloud-based offerings. Meanwhile Q314 saw the launch of NEXUS FS, ServicePower’s fully cloud-based mobile workforce management platform, a new management console, and a new on demand scheduling tool.

The need to continually invest in new products, services and partnerships means the pressure on profitability won’t let up for long. Like other providers moving to the cloud, ServicePower is locked in a necessary cycle of investment to drive growth and stay ahead of the game.

[weatherman] 16/7/2015 13:17

Cash balances should increase in next half.

[puku] 16/7/2015 11:23

that research forecasts £13.4 revenue, yet the trading update shows £7.0 for first half. On that basis could we see say £14.5. Equity March 15 Research forecast eps 2016 zero 2017 0.32p 2018 0.71p Improving revenues from the recent deals should bring earlier rewards. Bought in 5p in March and thinking of topping up for a 2 year view.

[brummy_git] 16/7/2015 08:59

New research out today from Equity development

hxxp://www.equitydevelopment.co.uk/doc/1373.pdf

[bagpuss lives] 16/7/2015 08:27

As I have stated in the past the lumpy nature of their old licensing model was a hinderance for anyone trying to do any sort of forecasting. The newer SAAS model is much easier for analysts to understand and now that the recurring revenue is up to 81.5% of turnover and the convertible loan notes are out of the way it is going to, hopefully, make it a lot easier for investors to make an investment decision.

[morton2011] 16/7/2015 07:48

Update look pretty good to me - terse and confident.

On the bearish question from cycle2 look at the history of the company and try to understand why the sales are so much lower than a few years ago. share price dropping to around 3.8 was logical in last few weeks given the dilution from the convertible notes becoming new equity. EV remained around the same. Herald and BFLAP effectively control the company (and kept it going in last few years) - would be good to see them sell a % of their shares and let in new large investors.

I will be staying invested to see if they can improve the cash position and keep the sales growing as update states.

[bagpuss lives] 16/7/2015 07:42

So many goods pointers to the future success in this trading update I just hope its not overshadowed by the continued loss and the cash balance. From my perspective a very positive update but depends how the headline writers want to spin it.