Sopheon Share Discussion Threads

[bamboo2] 24/7/2019 08:31

Sorry for holders here.

[basem1] 24/7/2019 08:30

Too busy over at RRE to take the early morning bargain

[mad foetus] 24/7/2019 08:21

Suspect it will finish around 850, says like this, the spread is annoying.

[its the oxman] 24/7/2019 08:18

More inclined to add than sell. Bump in the road.

[sev22] 24/7/2019 08:16

Morning note just released by House Broker - finncap.

[sev22] 24/7/2019 08:14

Sopheon (SPE): Corp
Trading update: sunshine and Cloud
Sopheon’s trading update for the interim period ending 30 June reveals, as ever, a strong sales pipeline that has expanded 48% since January, while the number of deal opportunities >$500k has grown 29%. 1H19 revenue and EBITDA are $13.7m (1H18: $15.9m) and $2.0m ($4.1m) after an unusually strong comparable period in 1H18. Visibility of full-year revenue is 71% (in line with performance in FY17 and FY15) of adjusted FY revenue expectations of $34.0m: the momentum in the strong pipeline remains unchecked; however, client behaviour has moved more rapidly than expected towards cloud consumption rather than perpetual licences. Revenue recognition is therefore protracted – even as client commitment and multi-year contracted revenue visibility are improved. We adjust revenue forecasts in line with guidance, to equal prior year performance (albeit with more, and growing, recurring revenue in the mix), encouraged by the increased visibility which will ensue. Prospects are undimmed for the third pillar of business (after ERP and CRM) to be Enterprise Innovation and Change Management, where Sopheon’s Accolade solution has international success and a proven track record with a fleet of household names as clients. With $18.7m net cash on the balance sheet, enabling all strategic options, Sopheon remains a UK champion with strong potential but at risk of being acquired. Target 1,425p (1500p) as forecasts dip albeit the quality of the pipeline and business grows, and cloud revenue leads to increased visibility to improve on the current 38% recurring revenue. We look forward to ongoing momentum and contract announcements to prove our target price movement churlish.

[togglebrush] 24/7/2019 08:13

DOWN a third over night Offered 630 a price last seen in March 2018

[mammyoko] 24/7/2019 08:05

No sellers!

[tightfist] 24/7/2019 08:01

IMO the underlying story remains unchanged - or even improved! One for the patient?

[slopsjon2] 24/7/2019 07:59

Current bid offer 630 680

[tightfist] 24/7/2019 07:58

SaaS is the way ahead and will gradually overcome this wretched revenue lumpiness - I wish they would give us a few quantified figures on SaaS rather than just a seemingly convenient rationale..I wonder what depths we will plumb this morning.....

[basem1] 24/7/2019 07:19

Yes I tried to trade this about a fortnight ago took a 150 quid hit in selling at 986 so dodged a bullet Sorry for all holders here My Knossos trip is a coach trip leaving hotel at 9.15 - all day job

[5oletrader] 24/7/2019 07:10

And 'moody' selling into the close yesterday.'Some' folks knew!May still see my 700p after all - I could be tempted then.

[basem1] 24/7/2019 07:07

Profit warning doh

[sev22] 18/7/2019 16:44

I think we might get an unexpected update early next week, especially if they have managed to close one or two of the several larger opportunities in the pipeline. I intend to keep adding.

[geraldus] 18/7/2019 16:24

The AGM statement stated there would be a further update with the interim results in late August,so I take it that's all till then.

[mfhmfh] 18/7/2019 13:43

I'm wondering if there will be a trading update this month? There was one on the 19th of July last year.

[gleach23] 18/7/2019 13:01

Underlying share price looking pretty firm at the moment. Just 250 shares available to buy and online Bid up to 9.85 so hanging on to the rest of my trade for the moment.

[gleach23] 11/7/2019 21:24

Nice move bamboo/hatfull. I reduced a third of my SB trade yesterday when I couldn't sell many but then was out this afternoon and so missed the opp to clear out and have two-thirds left. Will see how things look in the morning.

[bamboo2] 11/7/2019 20:11

Xajor, There is plenty of historical support.

Historical support [or resistance for up targets] is the number one reason that chart patterns fail to reach their target price.

Support levels for SPE are approx 900, 860, 800, 722

There is a breakaway gap support zone dated 18/7/2018, 794.2-800

[xajorkith] 11/7/2019 18:43

Only way we see 676 is if they announce a share split later this year.

[bamboo2] 11/7/2019 18:08

Thanks hatfull, My stop set at 995, triggered at 993, which is quite lucky given the usual spread.

Smaller H&S pattern confirmed at eod close tp approx 900
Larger 1yr+ H&S also confirmed tp 676

[hatfullofsky] 11/7/2019 17:33

I reduced early doors at 995.

I think H1 will be weak / flat and if no news about those big contract signs, the share price will take a hit, I fully expect it to recover on the signing of the deals and into H2 so will add on news.