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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Sirvis | LSE:SRV | London | Ordinary Share | GB00B23PRH18 | ORD 40P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 160.00 | - | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
01/2/2005 14:26 | 5.3% up now with 2hrs left | ponty | |
01/2/2005 13:44 | slowly slowly catchy monkey, now 7-8p. About 11p looks about right. Just think they made more profit in the last 6 months than in the previous year but still it trades on a P/E of 10. | tp100 | |
01/2/2005 12:50 | great results but nobody is watching. I expect the IC to pick up on this. | tp100 | |
01/2/2005 11:28 | Not many on board yet. Could be worth a look. | charles clore | |
01/2/2005 11:22 | results must please mm,price up .25p so far | ponty | |
31/1/2005 10:22 | Results expected tomorrow. Any guestimates of profits? I would hope for £500k+ | tp100 | |
20/1/2005 12:59 | hopeing for exiting times,well see | ponty | |
20/1/2005 12:26 | I wonder how much profit they will announce...£800k would make P/E of 10 but with the potential growth a P/E of 20 would look more realistic. So 14p? Its all guesswork but it is good to see the price starting to move ahead of 1 feb | tp100 | |
20/1/2005 12:02 | And nobody notices the price creep up........ | tp100 | |
14/1/2005 13:30 | Ponty - do you mean the September note from Edison? | tp100 | |
14/1/2005 13:27 | Ponty- I can't see any research - surely it is too small. So you think I will be able to buy some cheaper if MMs are sellers? Why say that? Results out on 1 Feb I expect these to keep flying. | tp100 | |
14/1/2005 13:24 | interesting to see 100k bought at 7.25p. I can buy 50k more at 6.95p so tempted. | tp100 | |
14/1/2005 12:45 | Check out AEN racing upwards. Broker note out says £12.50/share - currently under £6.50 | opthalmist | |
14/1/2005 12:45 | mm will start to sell these before long,good notes out on this one | ponty | |
14/1/2005 12:29 | Up on the bid but again private investors are not looking at this thread and will not until the price has already gone up! Buy LOW sell HIGH. Look at the recent results and tone. | tp100 | |
12/1/2005 13:28 | hopefully better TP ive been holding from 9p for over 12mnths now! | qfh | |
12/1/2005 13:15 | 200k bought at 6.75p is enouraging. I bet this thread will be thriving at 8p! | theprophet100 | |
12/1/2005 12:52 | Results and AGM statement for your convenience. Bid now 6.25p so I presume someone else agrees with me. SiRViS IT plc Preliminary Results year ended 31 May 2004 Highlights During the year the Group made significant progress with turnover increasing by 279% to £3,230,000 and profit after tax for the year was £339,000 (2003: loss of £288,000); In January 2004 the Group changed its name from Systems Integrated Research plc to SiRViS IT plc; In January 2004 the Group completed the acquisition of Packpress Limited and its principal trading subsidiary Linetex Computers Limited, an IT support services company; Completed a placing to raise circa £2.9 million and arranged loan facilities of £1 million to fund the acquisition of Packpress Limited; Board strengthened with the appointment of Peter Addison as Chairman, Ian Bailey as Finance Director, Colin Sales as Operations Director and Hugh Pollock as Service Director; In May 2004 Linetex Computers Limited acquired the IT support service contracts from Open Systems Engineering Limited for cash; The Group continues to seek complementary acquisitions, which will add value to the business and expand its market position; Demand for IT services is buoyant and trading continues the trend established in the second half of last year. FULL STATEMENT ATTACHED Enquiries: Mark Lewis 01773 820011, SiRViS IT plc, Chief Executive Ian Bailey 01773 820011, SiRViS IT plc, Finance Director John Simpson 020 7512 0191, ARM Corporate Finance Limited, Nominated Adviser SiRViS IT plc Preliminary Results Chairman's statement for the year ended 31 May 2004 The Group has made significant progress during the financial year ended 31 May 2004 and these are the first results since the Group's major acquisition in January 2004 of Packpress Limited and its principal trading subsidiary Linetex Computers Limited, the IT services company. In May 2004, the Group also acquired the IT support services contracts division of Open Systems Engineering Limited. Financial review Turnover for the year has increased by 279% to £3,230,000 which compares with a turnover of £853,000 last year. Since its acquisition, Linetex has performed well and Group turnover includes £2,345,000 attributable to Linetex for the period since acquisition. This has resulted in an operating profit before interest, tax and goodwill amortisation of £463,000, compared to a loss for the previous year of £274,000. The profit after tax for the year was £339,000 compared to a loss after tax for the previous year of £288,000. At the time of the acquisition of Linetex, the opportunity was taken to eliminate the accumulated deficit on the profit and loss account by the reduction of share premium account. Although no dividend is being recommended for payment in respect of the year ended 31 May 2004, the reduction will permit the Company to pay dividends when distributable reserves become available. Group acquisitions during the year On 8 January 2004 the Group acquired Linetex, the IT support services company, facilitated by a share placing which raised £2.9m and a loan of £1.0m from Berg & Berg Enterprises Inc. Linetex, which now employs approximately 107 staff, has a profitable track record and approximately 80% of its revenues are derived from support service contracts. The acquisition has substantially enhanced your Group's presence in the IT support services arena giving the Group significant recurring income and a robust customer base to build upon and develop into the education market. On 28 May 2004, Linetex acquired the IT support services contracts division of Open Systems Engineering Limited. Initially the contract base is expected to generate revenues of approximately £1.4m per annum and gross margins in line with those of Linetex. The contract base has been successfully integrated into the Linetex infrastructure in Ripley, Surrey. No contribution from this acquisition has been included in the results to 31 May 2004. About SiRViS IT plc To reflect the changing nature of the Group's business, on 8 January 2004 the Company changed its name from Systems Integrated Research plc to SiRViS IT plc. The Group now comprises two operating subsidiary companies: Linetex Computers Limited which provides a range of IT services including support, consultancy and systems installation across the UK. It sells primarily to software companies and value added resellers who operate in a variety of business sectors including hospitality, leisure, legal and retail. Approximately 80% of Linetex's revenues are derived from service contracts and a majority of its ten largest customer accounts have been clients for over four years. SiR Learning Systems Limited which provides multimedia educational software to primary, secondary and special state schools primarily across the UK. The software enables teachers to manage effectively, learning for individual pupils and to plan and co-ordinate the implementation of the national curriculum in the classroom. Board changes Following agreement being reached on the terms of the Linetex acquisition and in order to reflect the changing nature of the Group, Carl Berg, the previous Chairman, agreed to step down from the Board in December 2003. Mr Berg continues to support the Group and Berg & Berg Enterprises Inc. currently has advanced total loan facilities of £1.5m to the Group, including accrued interest. Of these total facilities, £1.0m was made available to facilitate the Linetex acquisition. I would like to thank Mr Berg for his contribution during his seven years of stewardship and for his continued support. Following the acquisition of Linetex, I would like to welcome to the Board, Ian Bailey (as Finance Director), Colin Sales (as Operations Director) and Hugh Pollock (as Service Director). Current Trading and Prospects With the Group's ability to service both the commercial and the public sectors, demand for the Group's IT services remains buoyant and trading since the year end has continued the trend established in the second half of last year. The Board has confidence that the Group will continue to grow its business and is well positioned to take advantage of further organic growth. In addition the Group will continue to seek complementary acquisitions which will add value to the business and expand its market position. The Board would like to thank its staff and management both new and existing for their contributions during a year of significant change and would also like to thank shareholders for their continuing support. Peter Addison Chairman SiRViS IT plc Results of Annual General Meeting At the Annual General Meeting held on 29 September 2004 all the resolutions were duly passed without amendment. Mark Lewis, the group CEO, commented that trading remains buoyant and the current financial year is in line with expectations. Dated: 29 September 2004 | theprophet100 | |
10/1/2005 13:13 | A toe dipped in at 6.3p. | theprophet100 | |
10/1/2005 10:40 | results are 1st Feb | theprophet100 | |
10/1/2005 10:38 | I agree that it looks undervalued - maybe it is time to get the price moving up again! | theprophet100 | |
24/11/2004 14:55 | Look undervalued | madasafish | |
19/11/2004 19:14 | i see Friends Provent group, bought 1000000 shares yesterday a good sign | ponty | |
19/11/2004 11:05 | thanks GIGGSY thats a big help hoping for more good days | ponty |
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