Servicepower Share Discussion Threads

[chrisdgb] 10/10/2016 14:34

Decent volume today, no doubt helped by the £/$..........

[chrisdgb] 04/10/2016 10:28

Remember just how positive $ strength is for these guys.........................

[charkly] 28/9/2016 20:20

Chris - Yes Chimers is the most accurate by far!

[chrisdgb] 28/9/2016 09:30

Anyone seen any research notes following the results...????

[spursspurs] 21/9/2016 07:43

Financial Highlights

Trading for the half-year is in line with management expectations

· Total revenues of £6.4 million (H1 2015: £6.9 million)
o Recurring revenues accounted for 98%
o Product revenues comprising 66%
· Gross profit of £3.3 million (H1 2015: £3.4 million)
· Loss before tax of £0.7 million (H1 2015: £0.6 million)
· Cash balance at 30 June 2016 was £0.7 million (30 June 2015 Cash balance: £0.7 million)
o The Company anticipates a significant improvement in the Company's cash position in H2 2016 with increased revenue trends and support contract renewals

Operational Highlights
· Following the momentum gained in 2015, 11 deals were signed during the period with new and existing customers, with a strong pipeline in place for H2 2016 and 2017
· The Company entered into a number of strategic partnerships in order to broaden its functional capabilities and cloud-based offerings, sales and implementation capacity
· Continued investment in product innovation
· The management remains confident in the strategy and outlook for the business

Post Period end
· Positive EBITDA and net income achieved in June, July and August 2016 with the increase in revenue and cost efficiencies
· Signing of contracts worth more than £1 million of annual revenue
· Multiple new customers and products went live


Marne Martin, CEO of ServicePower plc, commented: "ServicePower continues to execute on its strategy of innovation and development, and I am pleased with the positive momentum achieved in the period. Trading is once again in line with management expectations, on the back of a number of new deals signed in the first half of the year. We have a strong pipeline of opportunities ahead of us and I look forward to announcing further success in the second half.

[chimers] 21/9/2016 07:16

Awesome eh , going backwards faster than a French stormtrooper!!
Revenues DOWN
Profits DOWN
Losses UP so not all bad eh!!

[chrisdgb] 16/9/2016 08:44

Interims on Wednesday........the trading update last time was good....

[chrisdgb] 13/9/2016 09:29

Couple of sales have hit the price in recent days, let us hope the imminent results will drive some buying interest....

[chrisdgb] 09/9/2016 07:58

So, results to be announced 21st of this month, let us hope we get some decent coverage and for the company to deliver..

[brummy_git] 31/8/2016 11:01

One lagging concern is that the CEO seems to burn through her executive management team far too often. Around two years ago the sales director (responsible for the company's key M2M initiative with Bosch, et al) resigned, then the CFO went earlier this year, and now I understand the head (Stewart Hill) of their innovative new mobile (Nexus) product has also decided to leave. The latter only being recruited by Marne Martin in June 2014.



hxxps://www.linkedin.com/in/stewarthill

I'm not sure how to interpret this, but I hope it is not a reflection of the CEO's leadership qualities. Anybody else got any ideas?

[chrisdgb] 31/8/2016 09:35

Yes, all agreed and it will be nice to see further contracts hopefully announced in the run up to the interims.....

[brummy_git] 17/8/2016 10:52

Yes, although there have far too many false dawns with this company before - but just maybe now the worm is finally turning. Fingers crossed.

[yoyoy] 17/8/2016 10:01

and the only reason I posted that bit about Smart Metering Solutions is that one of the companies taken over was QTon who had a tie-in with SVR about this time last year.

Sorry, no numbers and what the effect will be.

"10 June 2015

ServicePower Technologies Plc
(“ServicePower” or the “Company”;)
ServicePower and Qton Solutions Form Strategic Partnership

New partnership will provide optimised workforce management solution for the Metering industry to expedite services and reduce costs
ServicePower Technologies Plc (AIM: SVR), a market leader in field service management technology, today announced that it has signed a strategic partnership with Qton Solutions, the metering industry’s leading field service management software provider in the United Kingdom. logo

Qton’s platform, hosted and managed in the cloud by Qton, provides drag-and-drop scheduling of jobs, mobile dispatch with real-time status updates, and fully customisable industry compliant workflows which facilitate on-site data capture.

By including the ServiceScheduling solution into the Qton platform – incorporating the latest optimisation algorithms from ServicePower - Qton’s work order management and mobile dispatch technology will now offer the benefits of intelligent, intra-day, schedule optimisation. Work orders will be created in Qton, optimised, and continuously re-optimised in ServiceScheduling, and dispatched to the metering field technicians.

Adam Bowen, Head of Operations, Qton Solutions, stated “The Qton field service management platform provides robust mobile workforce management functionality for metering services within the utilities industry. Integration of the ServicePower ServiceScheduling optimisation technologies enables us to offer true route optimisation in addition to the drag-and-drop scheduling our platform was designed to support. ServiceScheduling integrated to our platform, enables Qton to bring higher levels of efficiency and productivity to the industry, while maintaining the same level of customisable mobile workflow so necessary within the utilities sector.”

Marne Martin, CEO, ServicePower, stated “This is yet another partnership for ServicePower which broadens its reach into new verticals. ServiceScheduling will provide the advanced optimisation technology which Qton’s utility customers require to ensure the lowest cost maintenance schedules and highest levels of customer service, through offering real time, accurate appointments to the industry. The partnership gives customers a choice and also offers the product as a service which broadens our larger cloud-based offering. By working with Qton, ServicePower is able to grow its utilities customer base in the UK. This partnership further demonstrates our commitment to ServicePower’s partner ecosystem. We will achieve growth through integrating our technology with innovative partners whom extend our functional, geographical and execution reach, in addition to generating our own organic sales.”

For further information, please contact:"

[paul the octopus] 17/8/2016 09:27

Got some numbers monkey, now go get banana...

[chimers] 17/8/2016 09:18

Its not new business its just same old.
I wouldnt touch this with TW's barge pole.
I have spoken to them at length in the past inc Marne and they all basically contradicted and lied.
Its a lifestyle co ............not your lifestyle though!!

[yoyoy] 17/8/2016 09:12

Well done Chimers, it must be down to you and your little chat.

Maybe you were the one who picked up 200,000 yesterday.

[yoyoy] 17/8/2016 09:09

17/08/2016 9:00am
RNS Non-Regulatory

TIDMSVR

ServicePower Technologies PLC

17 August 2016

17 August 2016

ServicePower Technologies Plc

("ServicePower" or the "Company")

North American Consumer Products Manufacturer Extends Contract

Increases licensing of ServiceMobility

Upgrades and migrates ServiceScheduling

ServicePower Technologies Plc (AIM: SVR), a market leader in mobile workforce management software, today announces that it has signed a contract extension with a North American Consumer Products Manufacturer worth approximately $1,500,000 over a new two year period.

The manufacturer is a long time ServicePower client which utilizes ServiceScheduling, ServiceOperations and ServiceStats to deliver services under warranty, out of warranty and under service contract.

In this latest contract extension, the client will migrate its ServiceScheduling instance from an on premise deployment to a hosted deployment manged by ServicePower within its AWS model, to take advantage of cost savings as well as improved upgrade frequency and compliance.

This contract also includes the expansion of the Client's ServiceMobility deployment to a thousand licences, in the North American market, enabling it to sunset its existing mobile platform. The existing application supported numerous processes including mobile dispatch, job status collection, parts catalogues and payment processing. ServiceMobility enables the client to expand its field based processes, based on the product's core functionality and configurability, as ServicePower also undertakes a series of custom configurations to meet its unique requirements and expands its device deployment options as its device strategy evolves.

Marne Martin, CEO, ServicePower, stated "Our innovative ServiceMobility product was proven by our long term client partner to fit its unique requirements over the past several months. On the back of that success, it confirmed its confidence in the ServicePower mobile workforce management software platform by expanding its contract with additional licenses, custom development and a migration to our hosted AWS infrastructure for ServiceScheduling.

Our goal with any client is to provide a platform on which the client's evolving mobile workforce strategy can succeed. In this particular case, the client continues to demonstrate its confidence in our team and in our products to serve as the platform on which, in this case, its field service operations, across both an employed and contracted network, are based.

We look forward to continuing our relationship and in our client's continued success as it brings on new customers and new smart technologies."

For further information, please contact:

[chrisdgb] 17/8/2016 09:09

Nice contract announcement with figures, momentum is really starting to build for us, aided by currency movements....

[chimers] 16/8/2016 09:31

You know him better than I do you failed tipsters meet regularly I believe.

[yoyoy] 16/8/2016 09:17

RNS Number : 6723S

Smart Metering Systems PLC

21 March 2016

21(st) March 2016

Smart Metering Systems plc

("SMS"or the "Company" the parent of the "Group")

Acquisition of two meter suppliers and IT specialist for up to GBP6.895 million in shares

Smart Metering Systems plc (AIM: SMS.L), the integrated metering services company that connects, owns, operates and maintains current generation, advanced and smart metering assets and databases, is pleased to announce the acquisition of the entire issue share capital of three companies: CH4 Gas Utility and Maintenance services Limited ("CH4"), Trojan Utilities Limited ("Trojan Utilities"), and Qton Solutions Limited ("Qton Solutions") (together, the "Acquisitions") for a total consideration of up to GBP6.895 million.

The Acquisitions are in line with SMS's strategy to grow its meter asset portfolio, particularly in the new domestic smart meter market, and alongside targeting the existing Industrial and Commercial ("I&C") market.

CH4 and Trojan Utilities will enhance the SMS' capabilities to be a key participant in the substantial new smart domestic meter market for homes and small business in the UK. CH4 will add approximately 100 engineers and 60 contractors, of whom approximately 40 are domestic smart gas and electricity installation engineers, alongside the approximately 80 domestic smart gas and electricity installation engineers from Trojan Utilities, which will significantly enhance SMS' capability. Out of the approximately 1.6 million domestic smart meters installed so far in the UK, they together represent approximately 23% (368,000) of that figure, independent of SMS. Alongside these installation businesses, IT systems specialist Qton Solutions will help to serve SMS' existing and future contractors, most of whom use its systems already. This will ensure full confidence to energy suppliers throughout the domestic smart meter roll-out.

CH4 Gas Utility and Maintenance Services Limited

CH4 is a specialist in traditional and smart gas and electricity metering installations to the domestic and I&C sectors. It operates throughout the UK and is a current service provider to SMS.

Since its establishment in 2011, CH4 has grown successfully and, for the year ended 28 February 2015, reported turnover of GBP7.64 million with gross profit of GBP2.95 million and EBITDA (after exceptional items) of GBP0.89 million.

The initial consideration for CH4 is up to GBP2 million and is being satisfied through the issue of up to approximately 510,497 ordinary shares of 1p each in SMS ("Ordinary Shares") at a price of 391.775p per Ordinary Share (the final number of shares is subject to a completion accounts adjustment). In addition, a further up to GBP0.995 million may be payable through the issue of Ordinary Shares pursuant to an earn out arrangement based on the CH4 business satisfying certain performance criteria over the three years from the date of completion.

Trojan Utilities Limited

Trojan Utilities is a leading installation service provider to energy suppliers in the UK and delivers domestic smart gas and electricity trained and accredited installation services. Established in 2011, Trojan Utilities has over 80 fully trained engineers operates throughout the UK and has already installed over 270,000 gas and electric domestic smart meters, representing over 17% of the national smart metering installed to date. It is currently installing over 3,000 domestic smart meters per week outside of its SMS business.

Trojan Utilities has grown substantially since 2011 and, for the year ended 31 October 2014, recorded turnover of GBP2.86 million with gross profit of GBP1.26 million and EBITDA of GBP0.5m. Trojan Utilities has seen additional growth in 2015 with estimated turnover for year ended 31 October 2015 of GBP5.76 million, gross profit of GBP2.13 million but with a reduced EBITDA of GBP0.067 million as a result of increased investment in operational capacity and UK-wide infrastructure.

The initial consideration for Trojan Utilities is up to GBP0.5 million and is being satisfied through the issue of up to approximately 127,625 Ordinary Shares at a price of 391.775p per Ordinary Share (the final number of shares is subject to a completion accounts adjustment). In addition, a further up to GBP0.5 million may be payable through the issue of Ordinary Shares pursuant to an earn out arrangement based on the Trojan Utilities business satisfying certain performance criteria over the three years from the date of completion.

Qton Solutions Limited

Established in Cambridge in 2009, Qton Solutions has a team of 17 IT professionals specialising in the provision of work and field management IT systems applications for gas and electricity metering installations for energy suppliers, installation contractors and meter asset managers and owners in the UK with specific applications tailored for domestic dual fuel smart installations.

These systems have become industry leading since 2011, and have already been responsible for the completion of over 1 million meter installations and are widely used by a number of domestic smart meter installers, energy suppliers, and meter asset owners and managers including SMS.

Qton Solutions has grown very successfully since its establishment and, for the year ended 31 March 2015, reported turnover of GBP0.99 million with gross profit of GBP0.34 million and EBITDA (after exceptional items) of GBP0.23 million, backed with annually recurring licence fee income on it software products of over GBP0.8 million.

The consideration for Qton Solutions is up to GBP2.9 million and is being satisfied through the issue of approximately 740,230 Ordinary Shares at a price of 391.775p per Ordinary Share (the final number of shares is subject to a completion accounts adjustment).

Commenting on the acquisitions, Alan Foy, Chief Executive Officer, said:

"The acquisitions of CH4 and Trojan Utilities are part of the Company's strategy to gain direct control of a large proportion of our installation capacity for ongoing delivery of our customer contracts in the I&C and domestic meter markets. This will provide confidence to customers in our delivery model for the new domestic smart metering market. In addition, the acquisition of Qton Solutions allows us to gain direct control and ownership of all software applications used by SMS.

We are delighted to welcome the employees of the three businesses and look forward to working with them."

The initial consideration shares to be issued in connection with the Acquisitions require to be issued by Friday 25 March 2016 and the exact number of these shares will be announced on their issue.


Smart Metering Systems
plc 0141 249 3850
Alan Foy, Chief Executive
Officer
Glen Murray, Finance Director

0131 220 6939 / 0207 397
Cenkos Securities plc 8900
Neil McDonald
Nick Tulloch

Kreab 020 7074 1800
Matthew Jervois
Natalie Biasin
Daniel Holgersson

Notes to Editors

About Smart Metering Systems

Established in 1995, Smart Metering Systems plc, based in Glasgow, connects, owns, operates and maintains metering systems and databases on behalf of major energy companies. The Company provides a fully integrated service from beginning to end to cover the installation of a gas/electricity supply/connection to the procurement, installation and management of a gas or electricity meter asset to the collection and management of customer data and ongoing energy management services.

The Company has further applications for gas with its ADM device which allows "smart" functions such as remote reading and half-hourly consumption data to be offered to customers in addition to the normal metering services. The Company was admitted to the AIM market in July 2011 and is now part of the FTSE AIM 50 index. For more information on SMS please visit the Company's website: www.sms-plc.com.

CH4 Gas Utility and Maintenance services Limited

CH4 currently has capacity to install over 160,000 new domestic smart metering installations annually once the current workforce are through full training, indeed over 40 of these engineers are already accredited and have installed over 100,000 gas and electric domestic smart meters for energy suppliers independently of SMS thus far. Overall, CH4 adds 100 engineers and 60 contractors, of which 40 are dual fuel engineers.

In addition CH4 own a domestic smart dual fuel (gas and electricity meters) accredited training academy which will assist in providing additional fully trained installation capacity in support of SMS.

Trojan Utilities Limited

Trojan Utilities currently has capacity to install over 160,000 new domestic smart gas and electricity metering installations annually from an already fully trained and accredited workforce and have developed a high-quality reputation for delivery with its energy supplier customers backed with a strong ethos in health and safety and customer satisfaction.

In addition Trojan Utilities own 35% of the share capital of Utilities Academy, the leading domestic smart metering training and accreditation academy which can assist in providing additional fully trained installation capacity in support of SMS.

Qton Solutions Limited

Qton Solutions have a fully tried, tested and implemented solution for all filed management activities involved in domestic smart installations from shared appointment booking with installers and energy suppliers to stock, resource scheduling, installations management, asset registration and more; all key components for successful delivery of customer contracts and providing confidence for new customers to contract for their new domestic gas and electricity smart metering requirements.

About UK Domestic Smart Meter Market

The domestic smart meters project is overseen by the Department of Energy and Climate Change ("DECC") and aims to install smart meters in homes and small businesses across the UK by 2020

[chimers] 15/8/2016 22:15

Why not ask your team ?

[yoyoy] 15/8/2016 22:15

BTW, Midas share tip for SMS. What do you know about them?