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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Software Circle Plc | SFT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 19.00 | 08:00:06 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 19.00 | 18.75 | 19.00 | 19.00 | 19.00 |
| Industry Sector |
|---|
| SOFTWARE & COMPUTER SERVICES |
| Top Posts |
|---|
Posted at 02/12/2010 16:22 by zangdook got the cash.bye bye SFT. |
Posted at 01/12/2010 09:07 by boadicea Read this - |
Posted at 05/10/2010 14:19 by zangdook A very disappointing timetable here. By comparison CBI opened its tender on June 11, closed it on June 25, held its EGM on July 6 and handed over the cash on July 14. I know SFT need a court hearing, but couldn't they have got it together a little faster? No wonder the share price is falling. |
Posted at 16/9/2010 07:38 by the_doctor 'a prolonged period at current operating loss rates or losses widening further.I'm comfortable calling the business a failure in either of those scenarios.' well, I'm also considering a scenario in which wider economic weakness pushes SFT into a prolonged loss, but the business could be a success when things then improve. Spending too much of their cash now on things they have no need to spend on, wipes out that shot at making it. Most companies are trying to conserve cash, particularly those that foresee a period of challenge They're actions therefore strike me as odd. Maybe the trading wasnt quite as difficult as they made out? Would be handy if they could knock the share price down and buy a load back on the cheap? 'a little extra risk' I see where you're coming from, but IMO it makes the risk much greater |
Posted at 15/9/2010 09:58 by boadicea We should probably try to look at SFT with eastern logic.Their problem, perhaps, is not (in their eyes) that they wrongly gambled in fx but that they failed and got caught. Honour now dictates they should fall on their knife rather than apologise and carry on. So, shut up shop on AIM and surrender 8p (which approximates to the share price before the debacle emerged.). |
Posted at 15/9/2010 09:05 by the_doctor StewThey are making an operating loss at present things dont have to get worse, they could remain disappointing, in which case SFT would burn through its cash 'in which case the business will have failed and all the cash will be doing is prolonging the death throes' you seem to look only at it succeeding or failing. However, on the way to either of those outcomes takes time and possibly money my point is that having more cash could allow it to get to later success, whereas not having enough could mean that it runs out on the way there I find that strange. |
Posted at 28/5/2010 11:44 by contrarian2investor charlieI agree that is always best to be cash rich, especially in this environment. SFT could easily double its footprint with a shrewd acquisition and therefore enhance the share price folllowing increased profits. This would be far more beneficial to all shareholders than a special one off distribution. I completely disagree with the statement, "too much cash and no priority to dividends will lead to stupid acquisitions". Why would that be the case? Please explain that theory for us? It always pays to be prudent and also patient. During which time we all continue to receive a dividend from a growing entity. Not many mirco-caps on the AIM (or for that matter the FTSE)can provide such potential. If you know of any please share them with us. TIA c2i |
Posted at 27/5/2010 19:31 by charlie AGM statement looked OK.Cash generated from operations $7m in 2009, $4m in 2008, $2.7m in 2007. So why do they need to keep $14.9m cash on the balance sheet? $4.4m loan to a property developer (accounts note 14) coming back in August 2010 as well. The dividend of 0.31p absorbs just $0.75m at current exchange rates. Great little company, but weighed down by too much cash! They should dole some more out to the shareholders. A special dividend, or increase the dividend, or buybacks, or something. |
Posted at 22/3/2010 12:54 by buggy Reason for buying in:Not sure if anyone has done a comparative analysis between 2008 performance and the projected 2009 performance and deduced this year's performnce from the known data. Really gives a compllling case for buying in now. Usaul disclaimers: I have a holding in SFT and will still be accumulating as cash permits.This is not an investment advice. Just sharing my reasons for buying and continue to add, added another 100K today. DYOR etc. Last year's performances: Year Ending: 31-Dec-08 Revenue ($m): 12.08 Pre-tax ($m): 3.79 EPS: 2.07¢ P/E: 3.3 PEG: n/a EPS Grth : -29% Div: 0.45¢ Div Yield: 6.7% Analyst Forcast for this year: Year Ending: 31-Dec-09 Revenue (£m) : 13.50 Pre-tax (£m) : 4.00 EPS: 1.32p P/E: 6.3 PEG: n/a EPS Grt: -4% Div: 0.33p Div Yield : 4.0% 2009 H1 Performance: H1 to: 30-06-2009 Revenue ($m) : 4.50 Pre-tax ($m) : 0.8 Trading update Statement gives these insight into H2 performance: As a result, the directors are of the opinion that revenue for the year ended 31 December 2009 is expected to exceed current market expectations. ........improved sales have resulted in profits after tax being broadly in line with market expectations. TurnOver Analysis: Analyst Expectaton is £13.5Mil, (Lets be safe and assume they meant $13.5 Mil). H1 Turnover is $4.5Mill. It mean that due to improvents in the Chinese economy SFT must have generated around $10 Mill Turnover in the second half of 2009. If you accept that the Chinese economy is still in its upwards curve since Dec 2009, then you can project what the income going forward, (for this year), will be like. Again if the analysts forcast is based on £ instead of $ currency then the performance becomes even more eye popping. If SFT stands still at $10Mil per half year, (no further improvements in trade) then they will have a Turnover of $20Mill for this year!!!! Profit Analysis: Analyst expectation £4M , again to be safe lets use $4Mill. H1 Profit =$0.8 hence again it implies that SFT generated a profit of over $3.2 Mill in the second half of the year. This future revenue growth is just based on the increasing activity in the Chinese economy. I have not factored in the contribution from the newly acquired subsidiary which I expect to start contibution to Turnover and bottom line this year. Again no investment advice intended. Just sharing my analysis as a starting point for yours. I AM IN and accumulating when funds permits as well as moving less attractive investments into this share. |
Posted at 18/3/2010 23:36 by buggy Have moved back into SFT even though no one else seems to be bothered with the share.I thought that the dynamics in the economy has changed and this will feed well into SFT bottom line... China growing strongly and rest of the world economyy seems to have bottomed and in an upward curve. SFT was making profit even during the worst of the crisis so I believe that its TO and profits will grow exponentially with the growing Chinese economy. The new company acquired last year should also start to make a contribution to TO and the bottom line.I believe that the next Interim will surprise and we may well get an indication of how things are going in the CEO address in the 2009 results, due for release in about 3-4 weeks time. As the share is illiquid and is hard to come by I have decided to start accumulating now in batches of 25K which seems to be the online limit. I have a 2 year investment window and expect SFT to multibag in that time frame. [Restarting of the SAT project will also bring a hefty uplift ...but SFT has diversified its revenue stream that I still expect a multibag without counting on the restart of the SAT project] Anyway above is my view and events will soon tell me if I am right or wrong. DYOR |
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