Smartfocus Share Discussion Threads

[kirs] 13/10/2010 09:24

Well - I hope for the holders it is someone who wants to lauch an acquisition for the company. It is too small and constrained to compete in my opinion. Draw a graph of Alterian v STF. The big get bigger, STF is growing, but can it compete on market coverage or technology?

[santangello] 12/10/2010 22:39

It wouldn't surprise me to see more buying tomorrow.....

[jeanesy] 12/10/2010 20:46

Something is def brewing here. V large trades for this company. Could be some sig. news soon imho.

[santangello] 12/10/2010 17:25

Sells....at that premium ??, no chance.

2 x buys I would go for....institutions or Directors. RNS should reveal all.

Interesting to see the smaller PI's following them in.

These are certainly on smart investors radar me thinks.....

[kirs] 12/10/2010 15:58

Look out for the RNS to see who is picking them up. A few big holders already - will be interesting if a new buyer is coming in, less positive if it is just swapping holdings between large buyers, and concerning if it is staff selling. Big trades by themselves mean little until you look underneath. But it does look like they are trading above the average volume recently.

Good luck.

[goofball25] 12/10/2010 15:41

boom boom 2 big buys

[santangello] 08/10/2010 16:37

Someone is picking up very large amounts here.

Stonking trades before the bell.

RNS??

[santangello] 30/9/2010 15:46

Lovely 1/4 mil buy mmmmmmmmm

[kirs] 30/9/2010 15:33

WJCCGHCC - 3 years - isn't that recent! :)

[wjccghcc] 30/9/2010 09:33

Only recently came on board so here's hoping :-)

[kirs] 30/9/2010 09:31

-> WJCCGHCC I think you are right - although I think we have been saying that for 6 years now... :)

[wjccghcc] 29/9/2010 18:19

I understand your point kirs but I think the headcount increase at the back end of last year has disguised the true operating leverage here. The next 18 months will show if I'm right.

[kirs] 29/9/2010 17:45

WJCCGHCC - my point is that it now seems to be a service company - where when you add new revenue - prehaps you only get 15p in the £ back - which is not really how the software model works. It deserves to be on a lower rating until it can prove that it can grow, and grow profits at a faster rate IMHO. It is still 10 years away from a £50m business...

[5070481] 29/9/2010 13:35

LIttle impatient with it so sold out this morning. THink it is a good takeover target but wanted my money for other stocks at the moment. May well return in future.

[wjccghcc] 29/9/2010 12:58

I don't think it's a low margin business. Going by the annual report, in 2009 they had 11.4mm operating costs of which 780k were property/depreciation etc., 7.6mm were staff costs and 1.5mm fully expensed R&D (tho there may be some duplication with staff costs). That gives a gross margin of 87%.

Therefore, any increases in revenues should fall through to the bottom line. The reason it hasn't in H1 is because they increased staff count quite considerably (mainly in sales)in H209 to take advantage of the recovery and the full effect of those costs are only now being seen.

The advantage of the SaaS model is that the incremental increase in support staff to service new contracts should be low.

I think that's why earnings are forecast to grow considerably in H2 and in 2011.

[kirs] 29/9/2010 11:58

Cash up - good, actually very good. 30 new contracts - and new revenue of around £960k - so on average £32k per contract (very simplisticly - some increased revenue from last year and some from this year). Recurring revenue has not increased as much as you would expect for a business with a software as a service change of business model. The big negative for this is that of the £960k increase in revenue, only £150k of this falls to the bottom line. A 15% return on a 17% growth - something is not working right, or this will continue to be a low margin business. 17% Growth is not bad - but not exactly a high growth model.

The cash has value - but I am not sure the shares are undervalued at this point.

[welsheagle] 29/9/2010 07:37

RNS Number : 4730T
smartFOCUS Group PLC
29 September 2010

?
FOR IMMEDIATE RELEASE 29
September 2010


smartFOCUS Group plc
INTERIM RESULTS
for the six months ended 30 June 2010

smartFOCUS Group plc (AIM : STF) ("smartFOCUS", the "Company" or the "Group), a
leading multi-channel marketing software group, announces its unaudited interim
results for the six months ended 30June 2010.

Financial Highlights
� Revenue grew by 17% to GBP6.6m (2009 : GBP5.6m)
� Profit before tax (and non recurring costs) doubled to GBP0.31m (2009:
GBP0.15m)
� Cash up 44% to GBP2.2m (2009 : GBP1.5m)
� Recurring revenue increased to 63% of total revenues (2009: 61%)
� Strong and continuing revenue renewal rates of above 90%
� Diluted EPS 0.21p (2009: 0.11p)


Operational Highlights
� Over 30 customer and partner contracts won in the first half
� Significant new client wins, including lastminute.com, Expedia, Morgan
Stanley and Party Gaming
� Strong growth in pipeline supporting good visibility of full year
performance
� Increase in consolidation reflects long term value in marketing software
sector

Commenting on current trading & outlook, Chris Underhill, CEO of smartFOCUS
said:

"2010 revenue visibility had risen to 88% at the end of August. This, combined
with strong second half trading and continued new business wins, supports the
Company's confident outlook for continued profitable growth both for the
remainder of 2010 and beyond".

- Ends -

[santangello] 25/9/2010 17:31

By the way....

CLL, TNO, HVN and TTG added and commented on by myself, amongst others, over the last month or so......and all doing VERY nicely indeed.

(Just a credibility rant.....lol)

[santangello] 25/9/2010 17:29

Research helps.

Why do you think I have added recently?

As others have said....'all will be revealed'

Crazy price right now on Brokers EPS alone.

[dealit] 25/9/2010 07:01

The last set of results were encourageing and with 4 contract wins building on the client base I cannot think why the share price will not move north.

[kirs] 22/9/2010 18:31

SANTANGELLO obviously has some interesting information that I cannot find in the public domain. Agree Jeansy, although I think they have to be very good results to keep the price here. Any growth to revenue or decent profitability? Still a micro cap, I don't see the way it can break through into being even a small cap company currently. Hopefully all will be revealed...

[santangello] 19/9/2010 15:57

......results should be very good jeanesy, that's why I added............

[jeanesy] 17/9/2010 19:35

I think that the results will have to be very good to move the price from here, but i might be wrong

[santangello] 17/9/2010 09:38

I tucked away some more to add to my stash here today. Results looming large on the horizon (28 Sept), and set to be stonking.

Couldn't believe I could add inside the spread....not for long though???

Good luck to all holders.

[dealit] 13/9/2010 08:24

5070481, I could not agree more be lucky.