Sopheon Share Discussion Threads

[shanklin] 09/7/2018 13:04

Surprisingly weak?

[bamboo2] 05/7/2018 10:17

Two possible outcomes, I'm sure there are others!
Potential H&S [tp approx 800], and INVH&S [tp approx 1041]

Wonder if a retrace is on the cards before the share price can start to make further positive progress.
Potential turns 10-11/7/2018 and 20-23/7/2018.

[geraldus] 02/7/2018 23:08

Divvy of 2.5p to be paid on 6 July.

[hai74] 02/7/2018 19:25

when will the dividend be paid out ? anyone who knows.. ?

[hopeful holder] 26/6/2018 11:34

Big jump down today, let's hope it does the opposite tomorrow!

[janeann] 14/6/2018 15:48

thanks - explains the rise today then!!

[mfhmfh] 14/6/2018 15:30

positive write up in Shares Magazine today

[toptrump1] 13/6/2018 22:51

I added some today at 878p

[janeann] 13/6/2018 21:14

Thanks also toptrump. I am quite relaxed as you can tell from an above post; if it falls much further I will add a few more!

[wjccghcc] 13/6/2018 12:00

Thanks toptrump.

[toptrump1] 13/6/2018 11:36

The directors are imo extremely open and quick to respond to shareholders communications if you contact the company. IMO they are honest and abide by all their reponsibilities, not least appropriate accounting. This is an exciting time to be a shareholder in Sopheon as it has worked many years to reap the rewards now of this high growth phase and I have no issue with the receivables as it has been previously dealt with on this thread but to allay any newcomers' fears after smithies accusation this is their response to my email attaching his posts yesterday :




Dear Mr ------,



Thank you for contacting us regarding your concern that rumours of irregular accounting are circulating and raising this matter which we have indeed been monitoring. It is always disappointing to see such accusations made; however unfortunately we do not respond to rumour and speculation on bulletin boards or online share forums, as the Company would then find itself having to make statements on a very regular basis.



Being careful not to compromise the principles of equality of information, we are able to make some observations regarding information we have already published, that we hope allay concerns that may have been raised. Sopheon’s sales are typically weighted into the second half of the year and the fourth quarter in particular. The large customers we work with do not as a rule proffer rapid payment terms, so it is quite normal for the collection of the majority of Q4 billings to take place the following year. Undoubtedly receivables were more pronounced at the end of 2017 due to the large orders secured in the final weeks of the year and described in our annual report, however the Q4 loading has been a pattern for several years and the steady rise in Sopheon’s net cash position demonstrates that our receivables do convert to cash in due course.



We can assure you that the Board is well aware of its duties and obligations to make market statements from time to time and under certain circumstances, and the Board does take this very seriously. Last week, at the time of the AGM of the Company, the Board made such a market statement, updating the market and expressing confidence in the progress of the business and noting the higher revenue visibility for 2018 on top of the record revenues reported for 2017. Had there been a need to say anything else, for example that might call into question the 2017 revenues due to collection issues, this would have been the time to have made a statement.



Yours sincerely,



Sopheon Investor Relations

[janeann] 12/6/2018 13:29

hi bamboo

I think this share has for some time now lagged behind 'fair value'. Most of 2017 I felt share price never had caught up with events. We then had results and the surge passed 10 quid, and we are in effect back in the doldrums. I don't mind waiting - I may try and add a few on greater weakness but I have a fair few already. And other possible purchasers may be concerned at the weakness and not coming aboard. After all it has risen a long way pretty quickly.

j
ps the Tesco carmenere I tried last night was very drinkable.

[bamboo2] 12/6/2018 10:56

Like others here I also expected that the placing price, 986p would become a new support level.

After all, the placing was oversubscribed so it made sense that II's would jump at the chance to buy cheaper.

So why are we not seeing much buying around current price levels?

[longshanks] 12/6/2018 10:21

I appreciate your input Smithie6.I think your logic has some merit, in querying the rise in sales mirrored by a rise in receivables. There may be a red flag, a warning as it were, but then again they did comment that they had taken on two very large new customers at the end of FY17 and understandably those would not have cascaded through to cash flow. Likewise my understanding is that some customers take out annual contracts and pay monthly to spread the cost. From what I have seen in the notes, they don't charge future income into the accounts; that would be very wrong.Given the sell-off yesterday it would seem that some appear to share your concerns but then again it could just be healthy profit taking.For myself, I took the opportunity yesterday to buy a few more.

[allstar4eva] 12/6/2018 10:13

FWIW - I think Smithie is a genuine poster. We discussed another share and I brought SPE to his attention by way of comparison. Since then he had some questions that he has since raised on this thread.

[smithie6] 12/6/2018 09:44

samsj

"they sold the minimum amount"

uhhh ??

for dirs sales there are no minimums nor maximums imo

they can try to sell or buy whatever they want (unless a 12 month lock in rule is in place, & dont think there is/was) (while of course a bod or major shareholders at any co. might decide to then invite a big seller to depart if considered that it disconnected them from being dedicated to future success...Doesnt apply in this case.)

[smithie6] 12/6/2018 09:39

...so when I highlighted the risks at Globo

it was in your opinion in fact because I wanted to 'get on board' ?!!

😂😂

---

Im not buying or selling anything this week...& its a free world...Im allowed to post my opinions...as everyone is

[toptrump1] 11/6/2018 17:48

Accounts are just a snapshot on a particular day. Receivables reduced in the prev interim a/cs
For someone with no position he is very determined today with a lot of his time spent here. I smell someone eager to get onboard

[samsj] 11/6/2018 17:27

Really grasping at straws now. For those newer to Sopheon-

"the dirs. have just sold 3% of the co."

They sold the minimum amount and that held by insiders is very significant and greater than almost all other small companies. Include the Myrtledare and Rivermore holdings. Directors have a history of buying shares in the market and BVI holdings suggest an exit strategy. Placing at premium.


"and they even go to the trouble of putting a share price graph in the accounts to arguably show off or ramp the share price even more...)"

This is standard practice at SPE for years and many other companies, even when it is not flattering (see SPE's 2014 report or old TRD reports)


"turnover in USA in 2017 was identical to 2016. ie. flat as a pancake there...and the dirs are American."

Turnover in Europe was fairly flat between 2014 and 2016 too while US grew. It is a small software company with fairly lumpy revenues, an obvious risk and potential for reward (gearing) in this sector. (although now the largest customer has reduced from 20% to 7% revenue).

[toptrump1] 11/6/2018 17:06

Most expanding smaller cos you will find e.g. FEVR have directors making shrs avail
As the price rises. It's natural and as co advisers normally the only way to get institutional investors onboard
The fact institutions were willing to pay a premium after due diligence is a vote of confidence

[smithie6] 11/6/2018 14:55

..while on the otherhand..

the dirs. have just sold 3% of the co.

(and they even go to the trouble of putting a share price graph in the accounts to arguably show off or ramp the share price even more...)

pros and cons....
we'll see what happens

----

WJC

"and whose product demand has taken off over the last 3 years"

turnover in USA in 2017 was identical to 2016. ie. flat as a pancake there...and the dirs are American.

pros and cons.

[toptrump1] 11/6/2018 14:35

Why do you always get an idiot on each thread where a company's share has gone up significantly
I am an accountant and have invested in software cos for 25yrs and I have seen much worse balance sheets. In fact I'd say SPE has stronger than the norm
Two of our clients use their software and rave about it.
They have two huge blue chip new accounts which I'd expect the increase in debtors has come from and the cash position is healthy. Add to that all the top in class awards they have been receiving and big name clients being added

[trinko] 11/6/2018 14:13

I don't think they need to do that because you argue!