Software Circle Share Discussion Threads

[fatfish] 09/9/2009 13:29

its not £5m its their currency which is just under £500k

[billthebank] 09/9/2009 13:27

AMazing market cap 14M T/O £8M & yet we have a contract announced worth £5M which will complete in the next 4 months. Significant no doubt.

[fatfish] 09/9/2009 13:15

seems to be gaining a little momentum now :-)
cash rich and a nice divi too, happy to hold for the sat roll out and more.

[hugepants] 09/9/2009 13:05

I think due to the cash and net working capital position SJ.

Taihua is another Chinese dog that is long overdue a rerating. 7.5p share price, cash of 9.25 and net working capital of 13p. And profitable. The large spread isnt helping though. Result due this months.

[spadman] 09/9/2009 08:10

Low gearing with Chinese contract wins... too good to be true imo

[apetley] 09/9/2009 08:07

About time too!
Great news at last.
Now all we need is some positive news regards the tax software rollout.

[hugepants] 09/9/2009 08:00

looking good

[explorer88] 09/9/2009 07:24

positive news, and results soon :-)

[fatfish] 09/9/2009 06:05

RNS



Looks like things are finally coming together :-)

[boadicea] 07/8/2009 14:59

Supply is tight - Could only get 15k @7p and that required a telephone call.
It was implied I could have sold 50k on-line.
Now 10k max online @7.5p.

They seem to have a sensible strategy in place and encouragingly have ample cash resources to carry it through.

Interims normally around one week into Sept.
Should rise disproprtionately if any demand comes in.

[fatfish] 02/8/2009 19:59

its starting to creep up nicely now slowly does it. Sat roll out would hopefull send it very much higher, waiting and watching

[gazza102] 02/8/2009 19:56

This company has great potential. I think it could be a big earner in five years. If only the SAT roll out would get the go ahead again.

[zangdook] 31/7/2009 10:46

Acquisition, sounds good, plenty of cash to do it with. How about a jump up?

[gazza102] 10/7/2009 10:25

Like wise a little selling doesn't take much to move this down. Long term holder by the way.

[boadicea] 10/7/2009 09:33

Yes - Possibly re-investment of the recent dividend plus a realisation that it pays a lot better than money in the bank.

[fatfish] 10/7/2009 08:35

a little buying this morning doesn't take much to move this one

[hugepants] 02/7/2009 13:27

Incidentally speaking of amazingly cheap on fundamentals. Taihua(TAIH) results were out on tuesday.

TAIH share price is 8.25p

Full year earnings = 1.2p
Cash = 9p
net working capital = 12.5p

[hugepants] 02/7/2009 13:23

SFT is amazingly cheap on fundamentals. Was hoping to pick up more at 4.5p but looks unlikely now.

[boadicea] 30/6/2009 08:08

"Management is confident .... that trading for the full year will broadly in line with 2008. "

To refresh memories, that was eps of 2.07cents (US) or ~1.3p assuming £1=US$1.60

If that can be achieved and we are now in the trough it leaves the share price looking reasonably cheap and presumably still paying a similar dividend (0.31p). It also remains generously funded in relation to the size of its operations.

Hence I feel no impetus to sell but don't expect to see any great advance until an upturn becomes apparent in the figures.

[apetley] 30/6/2009 06:21

Sinosoft Technology Trading Update



TIDMSFT

RNS Number : 7318U
Sinosoft Technology plc
30 June 2009

?
Embargoed: For release at 7am, 30 June 2009
SINOSOFT TECHNOLOGY PLC
"SINOSOFT" OR THE "COMPANY"
TRADING UPDATE
Sinosoft, the China-based developer and provider of software and IT solutions to
Chinese regional and national government agencies and export enterprises, is
pleased to announce an update on trading prior to the Company's half-year end on
30 June 2009.
As previously stated, Sinosoft has adopted a strategy of broadening the base of
the overall business and this remains the focus for FY2009. Sinosoft's revenue
continues to be weighted to the second half and whilst contract delays and
deferrals have resulted in revenues being slightly down in the first half of
2009, the pipeline for the second half is strong. Management is confident that
many of the deferred government contracts will commence in H2 and that trading
for the full year will broadly in line with 2008.
The Company continues to grow beyond Jiangsu province and it is pleased to
announce that it has recently won a new contract worth approximately US$0.2
million to supply its e-government software to Nan An, one of the 12 major
cities in Chongqing, the largest and most populated municipality in China.
Sinosoft will create and install a system to enable people to submit reports and
application forms such as public housing forms and marriage application forms,
remotely to any government departments within Nan An. The system will then
route the information to the applicable government department for processing. We
expect work to be completed within the next three months.
This contract is an important step forward for Sinosoft's e-government division
because it is the Company's first move into south west China where it is
believed by the management that there is significant potential for the Company's
products.
Elsewhere, the Company has recently signed a contract to provide e-government
products to Ning Xia province. In order to reduce corruption in the government
approval process for applications submitted by citizens requiring various
permits, Sinosoft will be supplying software to help the provincial
government ensure that each department is following the stated procedure for
their different roles and proper authorisation is obtained for each step of the
approval process.
We are currently in advanced discussions with a top PRC software company, for
the provision of our Skytech Reports Software, which was developed in 2008 as an
e-government product. There is further potential for this product to be supplied
to corporate sector clients.
In June 2009, the Company entered into a two year outsourcing contract to
collaborate with Singalab Pte Ltd, a Singapore IT company in the provision of
programming and coding work for a project they are working on. In the initial
phase of the contract, two engineers will be stationed in Singapore for a month
while 12 other engineers based in PRC will provide additional technical support.
It is expected that the number of engineers will gradually increase as the
project progresses. By collaborating with Singalab, there is potential for
Sinosoft to expand its outsourcing business.
During this relatively quiet period in terms of roll-out of the SAT, the Company
has been improving the functionality of its export tax software and creating a
number of bolt-on services for existing users in Jiangsu. By working on these
improvements, Sinosoft has a more comprehensive suite of products in
anticipation of renewed demand once exports in China start to recover and the
economic environment is more stable.

-Ends-

[explorer88] 07/6/2009 19:56

I see Guy has bought another 1,410,000 shares in SFT :-)

[explorer88] 26/5/2009 10:47

net assets £16m
market cap. £ 9m

one week to go to buy SFT and get 0.31p / 5%+ final dividend ;-)