Software Circle Share Discussion Threads

[jailbird] 14/10/2008 14:20

arthurly, igoe, at all,

can anyone look at these figures..the potential looks huge here
pr am i missing something..this does not include SAT all the other products and services

Two spin off products that have been developed to work in conjunction with our tax software; an information collection program and an
information scanning program. The former collects information relevant to tax refund purposes and is currently being sold on the market at
RMB4,000 (approximately US$580); the benefit of this software is that it streamlines the application process and helps reduce human error.

Also
The information scanning software helps integrate scanned documents into the tax refund application software. It is being developed in
cooperation with Fujitsu and we anticipate it will be launched late this year, at a price of RMB5,000 (approximately US$730) .

The initial target market for these products will be Sinosoft*s existing customer base in Jiangsu of over 30,000 exporting enterprises.

[dolores123] 14/10/2008 14:11

Stanhope increases its shareholding and the share price comes off the bottom

[butch9850] 10/10/2008 10:20

Can't go much lower. They have more cash than the market cap.

[carlos panda] 01/10/2008 12:41

I'm certainly looking forward to the time when Polar Capital have cleared all their stock... only another 6,596,200 to go!

[igoe104] 30/9/2008 13:00

This is going bad to worst, this what happens when aim companies are too quite.

[arthurly] 20/9/2008 11:31

T.M.F. commentary seems extraordinarily poorly researched.

[igoe104] 19/9/2008 10:39

Disappointing to see not move up, everything else seems to be moving up-wards.

[siwel100] 15/9/2008 20:24

Glasshalfull....He may be a respected poster but he is a tad careless, the company is not liable for any of the Janful payment or costs, the Directors are paying it out of their own pocket. Hence my comment about credibility, refreshing compared to what tends to happen with UK run AIM companies where the Directors often feel its their personal piggybank....:)

[glasshalfull] 14/9/2008 20:35

Some commentary from an esteemed investor over at T.M.F.



SFT are still on my watchlist.

Regards,
GHF

[siwel100] 13/9/2008 22:24

kappa3...Such is the way with AIM stocks, they are below the radar until they become darlings. But with hefty cash in the bank, consistant profits, a management that has enough credibility to personally pay past liabilities, all based in a growing economy with a currency thats hedging the pound and the potential for fast growth....its a nice divi paying investment. Unusual territory on ADVFN but nice to hold and reinvest the divi's.
AIM itelf is facing falling liquidity as the crunch bites but as always markets go up n down. When liquidity returns so the AIM sp's will float up, if SFT outperforms then so that rise would accelerate. If it becomes a "darling", then it will spike high n handsome.
But compared to so many cash strapped, unprofitable, non divi paying and somewhat dubious teeny AIM companies, its something of a gem.
imo

[kappa3] 11/9/2008 04:12

I thought this was a good buy but am sitting on a hefty loss ----thankfully the company is paying out divs otherwise it would be a rock bottom.In the early days it was on the radar but there,s hardly any mention of this company by brokers , tipsters etc and as such share price is in decline.Great if you just got in let's hope it keeps doing the business and see what happens

[igoe104] 08/9/2008 13:22

I think its the case of hold and add when you have spare funds, looks like the next 2 years could see some big growth, if we avoid any-more delays.

[carlos panda] 08/9/2008 08:49

B+ results. Stripping out other income (investment gains & grants) the growth looks hopeful and the management are clearly willing to roll with the punches (delays).

I think the biggest problem here is the lack of any broker research from HW. Has anyone else seen any notes?

[philjeans] 08/9/2008 07:51

Yep; still very good despite the absence of the investment gains this time. Still sitting on £7M cash; still expanding very fast; still innovating like crazy and selling new cutting edge programmes; still rolling out the SAT project.

Still massively undervalued and a very good multi bagger prospect.

[arthurly] 08/9/2008 07:42

Considering the problems they've had they look very good to me. Turnover increasing at 50% over last year (would be nearly 60% if they reported in Sterling) - and that is with the slow progress of the SAT project. Net assets of the company are around £17m !

Need to adjust for the profit on sale of investment in 2007.

[carlos panda] 08/9/2008 07:37

Clearly perfect timing on my previous post!

Not sure what to make of the interims - probably best approached with coffee to hand.

[susiebe] 08/9/2008 07:30

Hello

Interims RNS this morning!

[carlos panda] 04/9/2008 12:14

igoe

It may be just my perception but SFT seem more opaque than most... there has been no interims trading update this year (other than the recent throw-away "continues to progress") and no date announced yet for the interims themselves. I don't say that we should read anything into this at all but I would prefer it if the management tried to keep to some kind of timetable.

[igoe104] 04/9/2008 12:05

Carlos, i think thats the case with all chinese aim stocks.

[carlos panda] 04/9/2008 11:49

IMO (as a shareholder) the problem with SFT has been their poor news flow. The market never assumes that "no news is good news", especially not when the bears are on the rampage. Having said that, the recent litigation update was excellent but failed to move the share price because it was a one-off rather than part of a more comprehensive effort. When I compare SFT to other small cap AIM stocks (eg: GNG) they do themselves (& us) no favours!

An institutional buyer would be great and is not impossible (PRC stocks starting to come back into 'fashion'?, RCG, GNG, HAIK etc...).

[siwel100] 04/9/2008 11:36

I would suggest its trading as if an Institution is buying. mm's offering 9p to sell 25k...8.8p on 75k yet wont accept any buyers, best they will offer is 1k at 9.25p.
Could be totally wrong or just optimistic but the pricing/volumes are very odd.
imo

[siwel100] 02/9/2008 14:12

liyangano...There have been a couple of Chinese failures, some dragged on the exchange by some less salubrious british bucket shop operators. Oddly enough the failure rate is still a fraction of uk based/listed companies. No matter the origin, if a company cant sell its goods/services and runs out of money only one fate awaits. The other side of the coin are a fair number of fast growth, cash rich, very profitable and divi paying chinese stocks like SFT. As always,it pays to be selective.

[liyangnano] 02/9/2008 12:41

Jarlway Holdings is to cancel its Aim listing at the end of the month as the Chinese concrete pumpmaker struggles to repay its debts in China.

The withdrawal is a blow to London's junior market, which has made attracting foreign companies central to its growth, but which has seen several of its listings begin to look elsewhere for liquidity.

Jarlway said that its financial situation had deteriorated significantly during the course of the year and that the costs and regulatory burdens associated with retaining the Aim quotation "can no longer be justified".

Jarlway added that it was experiencing difficulties with its banks in China, that its annual rolling credit facilities were not being renewed and that existing facilities were being called for repayment.

Jarlway's shares will be suspended on Aim from October 1, at which point Nabarro Wells will resign as the group's nominated adviser. Wu Zhi Jia, Ng Chi Chor and Xu Yi Chuang, the group's executive directors, will make payments in order to avoid foreclosure on Jarlway's assets in China and to keep the company trading.

Jarlway was one of the first Chinese manufacturing companies to list on Aim in May 2005. Its move led to an influx of Chinese companies listing on Aim over the subsequent 12 months as the country's growing number of entrepreneurs, frustrated by attempts to raise capital domestically, looked for other sources of capital.

However, London-based investors have sometimes worried about the quality of due diligence for Chinese companies and access to management.

Jarlway's impending departure was the second blow for Aim's Chinese contingent. Last week e-Pay Asia said it would cancel its London listing but maintain its place on the Australian Securities Exchange.

Jarlway shares dropped 66 per cent to 1.34p on the news.

[igoe104] 01/9/2008 15:49

mux, interims out this month.

[siwel100] 01/9/2008 15:46

I must admit the attitude of chinese directors is a refreshing change to uk/western ones. Simply find it impossible to imagine a similar thing happening over here. Not the first example, another chinese stock had a bad trading year a few years ago so all the Directors refused to take any renumeration.
Thats another couple of plus points for SFT, one being the removal of liability and the other being the Directors actions. I managed to pick up another 25k before they closed online buying. mm's happy for you to sell 50k but wont let you buy a sous.