-1x Square Discussion Threads

[cestnous] 30/8/2012 11:06

Off we go again on more good news. Am I the only one in this?

[cestnous] 08/8/2012 09:52

This announcement has been missed by ADVFN, probably because it was announced after 5pp yesterday.


TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES


1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached:

SQS Software Quality Systems AG
2. Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
Yes

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached.


An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments


An event changing the breakdown of voting rights

Other (please specify):



3. Full name of person(s) subject to the
notification obligation:
Legal & General Group Plc (L&G)
4. Full name of shareholder(s)
(if different from 3.):

Legal & General Assurance Society Limited (LGAS & LGPL)

Legal & General (Unit Trust Managers) Limited (As operator of Collective Investment Schemes) (UTM)

5. Date of the transaction and date on
which the threshold is crossed or
reached:
06 August 2012
6. Date on which issuer notified:
07 August 2012
7. Threshold(s) that is/are crossed or
reached:

L&G (From 3% to 4%)
UTM (Above 5%)



8. Notified details:

A: Voting rights attached to shares
Class/type of
shares

if possible using
the ISIN CODE
Situation previous
to the triggering
transaction
Resulting situation after the triggering transaction
Number
of
Shares
Number
of
Voting
Rights

Number
of shares
Number of voting
rights
% of voting rights
Direct
Indirect
Direct
Indirect
DE0005493514
840,811
L&G
(As on 23/04/2012)

1,478,531
UTM
(As on 23/04/2012)
2,598,617
1,139,498
1,459,119
4.08%
5.23%

B: Qualifying Financial Instruments
Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date

Exercise/
Conversion Period
Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights






C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction

Type of financial
instrument


Exercise price

Expiration date

Exercise/
Conversion period

Number of voting rights instrument refers to


% of voting rights







Nominal
Delta



Total (A+B+C)
Number of voting rights
Percentage of voting rights

1,139,498
(L&G)

4.08%

1,459,119
(UTM)

5.23%



9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

Legal & General Group Plc (Direct and Indirect) (Group) ( 2,598,617 -9.31% = Total Position)



Legal & General Investment Management (Holdings) Limited (LGIMH) (Direct and Indirect) ( 2,598,617 -9.31% = Total Position)



Legal & General Investment Management Limited (Indirect) (LGIM) ( 2,598,617 -9.31% = Total Position)

Legal & General (Unit Trust Managers) Limited (1,459,119 - 5.23% = UTM)



Legal & General Group Plc (Direct) (L&G) ( 1,139,498 -4.08% = LGAS, LGPL & PMC)

Legal & General Investment Management (Holdings) Limited (Direct) (LGIMHD)

Legal & General Insurance Holdings Limited (Direct) (LGIH) ( 1,139,498 -4.08% = LGAS & LGPL)

Legal & General Assurance (Pensions Management) Limited (PMC)

Legal & General Assurance Society Limited (LGAS & LGPL) ( 1,139,498 -4.08% = LGAS & LGPL)



Legal & General Pensions Limited (Direct) (LGPL)


Proxy Voting:
10. Name of the proxy holder:
N/A

11. Number of voting rights proxy holder will cease
to hold:
N/A

12. Date on which proxy holder will cease to hold
voting rights:
N/A



13. Additional information:
Notification using the total voting rights figure of 27,893,289

14. Contact name:
Paul Toon (LGIM)

15. Contact telephone number:
020 3124 3854

[cestnous] 16/7/2012 08:22

Strong hold in this months SCSW.

[cestnous] 02/7/2012 16:30

Christ! It moved. Bblue you could well have a point there. SCSW favourite as well

[bbluesky] 25/6/2012 18:54

RBS debacle great news for SQS - from their website:

Mergers, increasing internationalisation and new technologies: although faced with these and other challenges, the business and IT processes at banks must run smoothly and securely. They also have to meet the large number of requirements imposed by supervisory bodies. SQS prevents possible risks and losses of reputation through software quality management and testing!!! Should have gone to..SQS (like Specsavers have).

[spaceparallax] 08/6/2012 14:12

you're probably right

[cestnous] 08/6/2012 14:02

Nice buy rec in IC today. If it wasn't for the macro economy, this would be way higher imo.

[bbluesky] 31/5/2012 12:07

At last some reaction to some excellent news. For me a huge plus was that they announced this Siemens tie up in Las Vegas. If they start to crack the US, which is not a market for them presently, that is very significant IMO.

[dangersimpson2] 30/5/2012 09:59

Yeah, expectations in-line but director-speak very positive imo.

[spaceparallax] 30/5/2012 09:39

Good positive TS and great news re Siemens

[spaceparallax] 30/4/2012 11:59

looks like a little profit-taking this morning.

[cestnous] 27/4/2012 16:25

Shareprice Quickly Skyrocketing.

[simon42] 27/4/2012 15:58

I think there was a substantial sell here last week. It could have been holding the share price back.

[spaceparallax] 27/4/2012 09:28

nice, long may it continue

[cestnous] 27/4/2012 09:18

Looks like we are off again. Wonder if it's just delayed reaction to the results or something else?

[cestnous] 24/4/2012 15:16

Yes, makes you wonder what it takes to move this what with all the good news.

[spaceparallax] 24/4/2012 14:43

nice to see L&G increasing

[cestnous] 20/4/2012 13:45

I agree; excellent statement but surprisingly, no market reaction. My target still 240.

[spaceparallax] 20/4/2012 09:25

Great news

[cestnous] 10/4/2012 12:22

SP

No props. Holding for at least the medium term.

[spaceparallax] 10/4/2012 11:09

Cest,

Thanks for your efforts - that does sound very positive; hopefully, the share price will continue to respond.

[cestnous] 10/4/2012 09:23

Hi Space,

Its two pages long and a bit complicated but basically;

Cashing in on the banks fear of screwing up after the financial crisis and so being very careful about how their financial software is tested.

Co. plans to grow sales to300 million euro by 2014 which is an annual rate of 16.5% and three times faster than the market. UBS bank and Siemens contracts make us suspect that the forecast of Eu10 million pretax (eps of 24.9 cents) for this year and Eu13.3 million (32.9 cents) next year is eminently achievable.

Continuing to take market share from smaller rivals as more companies out source their testing.

Has established low cost testing centres in India and Egypt as well as S. Africa to do much of the automated testing work.

Siemens will encourage a move to USA which has 50% of worlds testing work and SQS currently has almost no sales.

Gradually changing to a managed services model but did have problems with two contracts which they under esimated, but this is now resolved.

"Most analysts agree that SQS is a fundamentally undervalued company but the current share price rating reflects the two problematic contracts. One analyst reckons they are a takeover target, although with the founders holding high stakes , approaches were resisted in the past.But Van Megan who holds 13% has signalled his intention to stand down in due course and Deidrich Vos will take over as CEO and some suggest that he is more likely to except an offer at that point."

[spaceparallax] 10/4/2012 08:59

Hi Cest, any chance of a synopsis?

[cestnous] 10/4/2012 08:58

Excellent tip in SCSW over the weekend.

[simon42] 30/3/2012 13:58

Agreed. Need a bit of buying here now and we should see 220p if market holds up.