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SFT Software Circle Plc

18.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Software Circle Plc LSE:SFT London Ordinary Share GB0009638130 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 18.00 16.00 20.00 - 0.00 07:31:47
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Publishing 12.55M -1.61M -0.0041 -43.90 70.21M
Software Circle Plc is listed in the Miscellaneous Publishing sector of the London Stock Exchange with ticker SFT. The last closing price for Software Circle was 18p. Over the last year, Software Circle shares have traded in a share price range of 10.75p to 18.00p.

Software Circle currently has 390,083,306 shares in issue. The market capitalisation of Software Circle is £70.21 million. Software Circle has a price to earnings ratio (PE ratio) of -43.90.

Software Circle Share Discussion Threads

Showing 2026 to 2050 of 2125 messages
Chat Pages: 85  84  83  82  81  80  79  78  77  76  75  74  Older
DateSubjectAuthorDiscuss
28/7/2010
10:08
'But they did not state categorically that the $3.8m was the full and complete extent of the fx trading losses'
didnt they?

that may explain it

the_doctor
28/7/2010
09:31
MDP...that was my only worry but I suspect they would have to if once again they were materially more than last reported. I have added to my holding at 5p having taken a risk at 4.5p but not prepared to pay more than that at this stage. If only they were my first and only purchases !
davidosh
28/7/2010
09:22
In the 2nd RNS - the Update
They state that all positions have now been closed.
But they did not state categorically that the $3.8m was the full and complete extent of the fx trading losses.

muxdapanza
28/7/2010
09:04
maybe that's enough to be 'materially below'?
the_doctor
28/7/2010
09:00
only 5k avail online. Not much of a market here so looks like no one is selling at this level.
ducatiman
28/7/2010
08:53
Probably about right there MDP..I think materially is just 10% either way so nearly 20% certainly must be. The problem is still whether that is the full extent of the losses ?
davidosh
28/7/2010
08:43
Closing balance at 31 Dec - $14.9m
Lose on fx $3.8m
Profit $1.5m - 1st half assuming 50/50 split
Projected balance at 30th June - $12.6m

ie - $2.3m reduction is materially below ...

muxdapanza
28/7/2010
08:37
I dont know, but my gut feeling is that companies use it as a warning.
it wasnt 'slightly below' or 'approximately $xm below'
what do you reckon?

the_doctor
28/7/2010
08:35
the doctor.....What is your expectation of the amount that is 'materially' below ?
davidosh
28/7/2010
07:41
Does nobody have an explanation for cash being materially below the year end figure when they should have been making cash and the speculation loss was supposedly only $3.8m
the_doctor
28/7/2010
07:04
Just one offer now at 5p, next offer is 6p
watchout2
27/7/2010
21:59
looks like a good move watchout, the earlier trading pattern suggested an overhang here which could be clear now, certainly should show a decent recovery if those 100k buys keep on coming in
empirestate
27/7/2010
11:36
I've bought into these today, short of stock online and a 2 mil
cross trade, seem to have cash at or around market cap, hoping
that was a one off all sorted now but there seems to be value
at this level and somebody has seen it.

4.25-5p, can sell 100k at 4.5p but only buy 10k at 5p full offer online
so it could bounce back.

watchout2
26/7/2010
09:58
But IF the loss was only $3.8m, and the company was still making say $2m as last year
then why would the cash level not be around $13m
Instead of the supposed 'materially below' $15m
It doesnt make sense to me

That would suggest to me that rather than making any cash this period, the company has dropped to being flat/ making a loss.

That would of course perhaps explain why they were taking excessive gambles!?
In keeping with that, note that there has been no statement to say trading good/in line with expectations etc. Why not?

I'm staying clear, but watch with interest.

the_doctor
26/7/2010
08:26
maybe he averaged down and went beyond the company stop loss, as per the update, and not unlike myself, as I have more than averaged down at these levels.
muxdapanza
26/7/2010
08:25
Someone clearly took the speculation too far. Why? and who knew.
Maybe only the CIO knew and he was trying to save his skin?

As I've put on here before, if the loss was only 3.8m, why would cash be 'materially' below the previous 14m when the business was making cash??

the_doctor
26/7/2010
08:22
also ..

Previously they had made a modest profit on fx trading.
Their income will be in the yuan, but they report in us $ and are a UK company, so some degree of fx trading is required.

muxdapanza
26/7/2010
08:17
doc - Why would the company have had fx stop-loss criteria specified unless they were engaging in operations that required them? So yes, by implication at least, the board must have known and approved. It was the manner of the execution that went wrong from their pov, not the fact of the forex trading itself.
boadicea
25/7/2010
20:18
It looks good value if there arent more worms in the can.

Did the board know this was going on?
Why would the CIO take such gambles - what did he stand to gain?

My concern would be that they speculated on Forex to bring in income and fiddle the books to make up for some disappointment elsewhere. Maybe that's paranoia?

the_doctor
25/7/2010
17:34
evidently an overhang here holding this one back but on balance sheet this is looking good value now. thought these rogue traders were in the banks only but if someone in a bank can do it surely it is easier in a company. if it would have beeen a usd3 million profit they would probably have made him chairman.
best wait until the tell tell signs of the seller being finished

empirestate
21/7/2010
14:43
Boadicea,

Thanks, phoned them this morning, just before my post, and they said that they will investigate.
Have now been paid into my account and already moved into other shares.

buggy
21/7/2010
13:53
buggy - Barclays credited it yesterday and SelfTrade have done so today.
boadicea
21/7/2010
09:45
mine are in a crest account - cheque arrived Monday
muxdapanza
21/7/2010
09:35
Anybody using norminee acount got the divi yet? I use SELFTRADE and nothing yet.
buggy
20/7/2010
09:59
orinocor
I received some cash from them yesterday.

zangdook
Chat Pages: 85  84  83  82  81  80  79  78  77  76  75  74  Older

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