Software Circle Share Discussion Threads

[dolores123] 31/10/2008 09:09

The company should be issuing an update soon in respect of the further SAT testing. Hopefully if the testing is successful the share price will start its upward movement and I would not be surprised to see 10p per share over the next few weeks and 15p per share by Spring 2009.

[cascudi] 30/10/2008 15:46

Thanks for the info.
So basicaly the legal issue is not a problem.
let`s hope share price will move to 15p then

[dolores123] 30/10/2008 14:28

Extract from the company press release:

".....certain of the founders of Skytech have agreed to indemnify the
Company an amount equal to any liability the Group may incur as a consequence of any binding judgment or settlement agreement in relation to this matter.

Consequently the Board is of the view that the outstanding litigation will have
no material impact on the financial position of the Group, whatever its eventual outcome."

This company is totally undervalued ahd should be trading north of 15p per share - taking into account its cash mountain and its increasing profits. On top of that is the massive potential from the SAT project.

[cascudi] 30/10/2008 10:10

what is the problem of this company?
eps seems good at this price
current price against nav and working capital seems good
is it the legal problem that are scaring invenstor?
is this legal problem very big?
do you have any info?

[jailbird] 24/10/2008 10:34

i see a 75k @5.5p went thru yesterday and again today.


these are buys at these prices. must be stanhope buying agin i reckon.

the bought their initial tranche @5.5p...

[apetley] 23/10/2008 14:06

Ridiculous spread.
Hope that we have some positive news soon.

[dolores123] 23/10/2008 13:53

The Chairman of Sinosoft recently said: "The further expansion of
our e-government and outsourcing divisions has exceeded management expectations and is expected to be a significant driver for growth over
the coming years."

"The long term roll-out plans for SAT continue to have significant potential and will be further enhanced once further installations and testings have been completed."

[jailbird] 17/10/2008 15:19

Is there any truth this is up for takeover?

we did u hear that?..new to me!


secondly, any slowdown in China will happen. However it will
still grow a fair bit just not as much as originally expected.
Companies will still make profits,.
The year after things should get better again.
SFT products are offered to a mkt which is new and needed.

I expect Goverment funded sectors in china will be fine...

[deek3] 17/10/2008 15:08

I hold these and the market is killing everything at the minute.One thing that is a worry is the slow down in the Chinese economy especially with what appears to be a worldwide recession starting to develop. Chinese offerings are going to hit bigtime as well.With sino's share price already mauled does it bode well for the future??? Is there any truth this is up for takeover?

[stewolf] 17/10/2008 13:04

Bought into this co. twice . . now
avge 13p. Happy enough with this for longer
term, wish I had some spare cash for a few more!

A well run, profitable co. already . . and
paying a divi . . with still lot's of growth
to come.

I'm confident of making good money out of my
investment here.

[jailbird] 17/10/2008 09:13

phil

yep a few sells yesterday and another this morning, yet the price is up.

i believe you bought 50k @6.12p on 6-6.5p spread,
yet today they offering 6.2p at the moment with a 5-6.5p spread!

maybe a buyer is around too.

once a polar is done..then...we should be upwards

[philjeans] 17/10/2008 09:09

Despite these few faithful followers, we still see persistent selling which will keep it low until they've shifted this overhang.

But when it's gone, SFT will rocket.

[explorer88] 16/10/2008 11:48

market cap. £8.8m

cash £8.9m +

net current assets £13.35m +

growing turnover and profitability across different divisions/sectors

seems like pretty good value, imo

bought 30k this morning

[igoe104] 16/10/2008 11:33

YES your right phil, polars clients are probably selling out of their fund, forcing polar to have to sell even at these levels.

AT least 10 million in the bank and a market cap of 8.5 million, totally unbelieveable.

[igoe104] 16/10/2008 11:25

UNBELIEVEABLE levels now, its got to below its cash pile now.

[jailbird] 16/10/2008 11:23

boedicea,

Jiangsu has 30k exporters is large i guess,to me anyway, but this just one location. So the potential for sales in other parts is also there.

like you rightly said it is a the 'target' mkt. So a small % of this will be significant.

[h4rsh2] 16/10/2008 09:37

STILL HOLDING FROM 12.5P LOSING OVER 50% ON THIS!!!!!!!!!!!!!!!!!!!!!!!

[philjeans] 16/10/2008 09:21

Good opportunity to grab a few more!

This is all about distressed sellers needing cash for unit trust forced sales - NOT about performance of the business.

[butch9850] 16/10/2008 08:54

Me neither!

[jailbird] 16/10/2008 08:44

i cannot belive someone dumped 100k @4p!

need the money or what!

[philjeans] 15/10/2008 12:57

Just topped up with another 50k; looks outstanding value now, particularly with so many other businesses likely to see lower revenues in a recession, whereas I can see this one continuing to grow very profitably.

[boadicea] 14/10/2008 16:36

jb - Yes, if every one of ~30k exporting enterprises bought both items, that would amount to $39.3m in sales.
However, that is the 'target' market, not a realistic sales estimate.
I have no idea what the likely take-up might be, but just 10% would be nice for a start.

Or did you mean that the 30k exporters looked a large number for Jiangsu?
May be, although Chinese companies that export are not necessarily large corporations. I believe they are often quite small and presumably work through agencies. Whether they would then need expensive (by their standards) tax software or whether that aspect would be handled by the agent, I have no idea.
This is where you (and all of us!) need an indigenous contact who knows how things are handled at grass roots level.

[jailbird] 14/10/2008 16:18

well chaps another 650k bought @6.25p

[jailbird] 14/10/2008 14:42

yep stanhope bought them 5.5p!! alright for some.

looks like they took up polar's recent 400k odd reduction.

Boedicea,

what do you think of my previous post..these figures like large for just Jiangsu.

[boadicea] 14/10/2008 14:33

The transaction appears with exactly the same time as the announcement. Unfortunately it shows as a sell at 5.5p, well below the bid price.
Given the odd number, can we perhaps hope that it's the totality of that particular distressed sellers holding now transferred into safer hands?