Software Circle Share Discussion Threads

[drewz] 19/3/2010 10:15

Well said. There are still a few of us long-term believers looking in here, though news is always thin on the ground from SFT.

[buggy] 18/3/2010 23:36

Have moved back into SFT even though no one else seems to be bothered with the share.

I thought that the dynamics in the economy has changed and this will feed well into SFT bottom line... China growing strongly and rest of the world economyy seems to have bottomed and in an upward curve.

SFT was making profit even during the worst of the crisis so I believe that its TO and profits will grow exponentially with the growing Chinese economy.
The new company acquired last year should also start to make a contribution to TO and the bottom line.I believe that the next Interim will surprise and we may well get an indication of how things are going in the CEO address in the 2009 results, due for release in about 3-4 weeks time.

As the share is illiquid and is hard to come by I have decided to start accumulating now in batches of 25K which seems to be the online limit. I have a 2 year investment window and expect SFT to multibag in that time frame. [Restarting of the SAT project will also bring a hefty uplift ...but SFT has diversified its revenue stream that I still expect a multibag without counting on the restart of the SAT project]


Anyway above is my view and events will soon tell me if I am right or wrong. DYOR

[drewz] 19/2/2010 00:39

And why not indeed.

[garth] 18/2/2010 18:38

We're slowly edging higher again....

[stewolf] 16/1/2010 15:58

boadicea, that's a fair point. Maybe now a steady move north can take shape.

[boadicea] 15/1/2010 20:50

garth - If an mm took 250k at 7.25p my guess is that he expects to sell them for more than that. Of course, he could be wrong, but now that block is out of the way I would expect a modest advance on Monday if any buying interest appears, possibly creeping back towards 9p over the week.
Anyway, I'm not grumbling as I hadn't expected to get any as low as 7.3p although unfortunately didn't have much spare cash available - and that was pinched opportunistically from some I had earmarked for elsewhere (SSY actually, which has also dipped this week).

Stewolf - The seller may well have been offered even less before the tu was issued and the mm could better assess his chances of shifting them.

[buggy] 15/1/2010 20:45

Personal View:

Good long term hold .. but is not going anywhere fast in the immediate future. Reslts will meet expectations and nothing spectacular.

You will get a dividend of 4% here if you are investing for income, but most people are investing for capital growth. Currently there are a mirad of opportunities in the market that will outperform this in the short to meduim term.

As this is not heading anywhere fast, (but a safe bet), a lot of money is moving into other opportunities with a realisation that they can still come back into SFT later without having to pay a heavy premuim. I do not expect this to be above 9p, (at best), in the next six months.

DYOR. Have a minor holding just to keep my hand in but have sold out the majority to take advantage of other opportunities.

[garth] 15/1/2010 19:58

Almost added some more today but wondered whether we might get a bit lower yet looking at the chart.

And yes, I know - charts are useless for these illiquid, AIM, Chinese...... etc. stocks ;0)

[stewolf] 15/1/2010 18:48

Can't figure how it can jump up 15 odd percent for a while one day on a seemingly good update only for someone to dump a quarter mil the very next day at such a low price. Still holding from way back, but it's a long wait! At least the divi lessens the frustration . . GLTA.

[drewz] 15/1/2010 18:04

Worth buying for income at this price.

[stewjames] 15/1/2010 17:13

boadicea, I would think it's just because the TU greatly reduces the chances of any substantial shareprice boosting events for the next 4-6 months. Given the illiquidity, it only takes a small number of people to sell because they're bored and/or think there's a better opportunity elsewhere to lower the price.

[zangdook] 13/1/2010 16:27

Someone's done a write-up at the Fool:

[contrarian2investor] 12/1/2010 13:05

Hi all long-term holders,

Here is yesterdays view from Hoodless Brennan:

Sinosoft (SFT, 7.87p, £13m) provided a robust trading update with profits in line with market expectations. Sales are expected to exceed forecasts but margins are impacted by completive trading conditions and slightly higher costs. Broker estimates call for £2.6m per tax, 1.2p EPS and a 0.33p DPS presenting a reasonable yield of over 4% of Friday's close. As always we remain wary of the investment income line, but so far this has remained resilient. We increase our price target to 9.6p which would suggest 8x this year's estimate. BUY.


c2i

[boadicea] 11/1/2010 08:10

Message is -
(Higher revenues) x (Lower margins) = (Profit expectation met)

That is satisfactory enough for me, particularly at the current lowly valuation of the company.
At least on rising revenue we have forward momentum which gives a ship some steerage.

[zangdook] 11/1/2010 07:18

Positive trading update. Perhaps we'll recover some lost ground today.

[stewjames] 08/12/2009 18:54

mudbath, just sounds like a statement of fact about how adjusted calcs are obtained to me. I don't think it's meant to read "hey, don't worry...the real loss per share is lower".

Edit: ok, I see what you mean. "Dilutive" is not a well-defined expression. The options could be called anti-dilutive with respect to earnings (at the moment, because they're losses). They're still dilutive in the normal sense, though (with respect to other shareholders potential % stake).

[mudbath] 03/12/2009 17:01

From the recent accounts:-
"The Directors consider the ordinary shares relating to share options to be anti dilutive as their conversion to ordinary share would decrease the loss per share from contiuing operations."
Am I missing something-or is this statement misguided?

[buggy] 02/11/2009 16:56

It is working now. Was not working over the last few days. I even tried the link that is on the BB header. Most have been taken off line for upgrade.

Definitely looks more proffessional.

[olefin2] 02/11/2009 14:47

No problems here either. The site has been upgraded and is significantly better than it used to be.

[zangdook] 02/11/2009 12:53

Works ok for me, but perhaps they've been working on it, it looks a bit different from last time I looked. It was pretty bad, perhaps someone gave them a nudge.

[buggy] 02/11/2009 12:15

Am I the only one having problems or has the company pulled the plug on their website. Have not been working for over a week, since I started trying anyway.

I know it was never the best as all the links in the Customer page do not work but it was still better than nothing.

[donegalman] 01/11/2009 22:14

worth another look perhaps?. - tipped on uk-analyst.com

[contrarian2investor] 22/10/2009 07:46

Hi all,

More signs that the jigsaw appears to be coming together, slowly but steadily its diverse applications are beginning to be appreciated. Further penetration in more arenas will lead to more contract wins and more recognition. Share share price appreciation will hopefully continue inspite of the general stockmarket/s.

c2i longterm holder

[boadicea] 22/10/2009 07:18

New contract in a slightly different field.



RFID tracking software seems to put them in competition with RCG Solutions business although obviously there is ample room for both in a fast expanding market.