Share Name Share Symbol Market Type Share ISIN Share Description
Statpro LSE:SOG London Ordinary Share GB0006300213 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.00p +0.56% 180.50p 179.00p 182.00p 180.50p 179.50p 179.50p 2,197 08:01:47
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 49.3 -3.4 -3.6 - 118.44

Statpro Share Discussion Threads

Showing 676 to 699 of 700 messages
Chat Pages: 28  27  26  25  24  23  22  21  20  19  18  17  Older
DateSubjectAuthorDiscuss
23/5/2018
08:07
Nice start this morning lets hope a good day here.
double double
22/5/2018
16:00
I can see this breaking out and hitting new highs in the next few week/month.
double double
22/5/2018
15:58
SOG is getting ready for a new chapter for its portfolio performance, attribution, contribution, allocation, risk and compliance analytics.
double double
23/4/2018
15:52
Nice spike today with the director purchase. Is this a smoke signal to say q1 was good.
double double
05/4/2018
08:28
From N1SINGER... Full year results last month highlighted healthy organic growth (+13%) in StatPro Revolution ARR and a reassuring contribution from Delta. While the level of revenue cancellations/reductions (notably Alpha) was disappointing, key product releases, sales investment and stabilisation of Alpha’s revenue base should help deliver improved organic growth in 2018. Accelerating sales activity in Q4 last year and increasing usage of Revolution by fund administration clients has underpinned a solid start to the year; hence we have left our headline revenue and EBITDA estimates broadly unchanged. We introduce a new set of estimates for FY 2019 that imply 6% organic revenue growth and margin gains, but evidence of this is probably required before we see further significant re-rating. We maintain our Buy and 205p target price.
double double
15/3/2018
08:16
Stifel have raised their price target to 264p. Today 27 March, the share price is over 100p below the average brokers target price of 274.50p. I doubt the gap will stay this wide for months.
double double
14/3/2018
14:48
Good results, but a P/E of 30 means further progress is needed to justify 285p. That's well within the realms of possibility, so I'm sellimg none ( paid 132p )
napoleon 14th
14/3/2018
08:41
Panmure Gordon raised price target to 285p, two brokers updated so far and forecasts remain almost unchanged.
double double
19/2/2018
15:18
Very glad to have got in at 125p.
double double
19/2/2018
15:08
[...] StatPro benefiting from Delta belter The portfolio analytics platform operator has been shrewd in its acquisition policy and the purchase of Delta from UBS may just be the best acquisition yet StatPro Group PLC (LON:SOG) has long augmented organic growth with a series of bolt-on acquisitions, but the purchase of Delta could be the best yet. It's still early days for the acquisition in the spring of 2017 of Delta, the risk and performance analytics service it bought from UBS, but the signs are very good. "The acquisition and successful integration of Delta in May was the highlight of 2017. Delta has since increased sales and plans are in place to achieve functional parity for Delta within StatPro Revolution,” said Justin Wheatley, the group chief operating officer of StatPro. The acquisition gave StatPro “scale” and significantly enhanced its product capabilities, with the portfolio analytics platform operator working hard on migrating Delta's unique functionality onto StatPro Revolution's platform. With Delta joining the family, StatPro's analytics service will branch out from the middle office to the front office of asset managers. The acquisition followed the previous year's purchase of a 72.7% stake in South African software provider, Infovest Consulting Ltd. Infovest specialises in data warehousing and reporting software for the asset management industry, a sector in which StatPro also operates. 2016, meanwhile, saw the company acquire Investor Analytics (now known as Alpha), which will also beef up the group's flagship cloud platform, StatPro Revolution. Reaping rewards of early investment in the cloud The group's early switch to the cloud, which started taking place in the latter half of the previous decade before most of us had even heard of the term, looks to have been a very shrewd one. The cloud-based StatPro Revolution platform saw organic revenue growth of 16% in the first half of 2017, as the group as a whole reported a 2% organic rise in revenue. The group announced in a trading update that full-year revenues for 2017 are expected to be around £49.0mln, up 30% from £37.6mln the year before. Annualised recurring revenue (ARR) for the group as a whole rose by 39% on a constant currency basis to £53.0mln from £38.1mln the year before. ARR for StatPro Revolution rose 13% organically. Adjusted underlying earnings are expected to be roughly £6.9mln, up 35% from £51mlm the year before, when the audited figures are published. Net debt at the end of the year had doubled to £20.2mln from a year earlier as the company ploughed money into its acquisitions. The legacy StatPro Seven platform is still soldiering on, but software-as-a-service is clearly where it’s at. “This success is undoubtedly due to our early investment in cloud technology, over eight years ago. The complexity and scale of the technology we have developed will be difficult to imitate,” said Wheatley. “We are now firmly established as a leading innovator in the rapidly digitising asset management industry.” Research house Edison continues to see strong upside potential The research house said the 2017 trading update was broadly in line with its forecasts. It is forecasting revenue of £48.9mln for the year just ended and sales of £57.3mln in the current year. It expects profit before tax to surge to £4.2mln this year from its forecast £2.7mln in 2017. With the company investing for growth, Edison is not expecting the 2.9p annual dividend to be changed. Edison said that bearing in mind a number of takeovers in StatPro’s sector in 2017, the stock looks cheap. Key competitor BISAM was acquired by Factset for 7.3 times annual sales. On the same multiple, StatPro – currently capitalised at £168mln – would sell for around £342mln. “Separately, [the] LSE acquired Yield Book (a key competitor of Delta) along with Citi Fixed Income Indices from Citi for 6.4x sales, although we understand that the US$685mln price largely related to the indices. Additionally, SS&C is acquiring DST Systems at c 2.4x 2018 sales,” Edison noted. The stock does trade on a high earnings multiple, as befits a growth company. Based on Edison’s forecast of earnings per share of 4.9p for 2017 the stock is valued at a poky 37 times earnings but this falls to 25 in 2018 based on Edison’s forecast. “Our DCF [discounted cash flow] model, when incorporating 10-year organic revenue growth of 4.4%, terminal growth of 2%, a long-term margin target of 24.5% and a WACC [weighted average cost of capital] of 9%, would value the shares at 224p,” Edison said. At the time of writing, the shares were trading at 180.5p.
double double
19/2/2018
10:04
It feels like this wants to go 200p+ and soon.
double double
02/2/2018
11:51
I gather there's an article in FT but as I don't subscribe.......
bone apart
01/2/2018
13:17
From Edison StatPro has released an in-line trading update for FY17. Annualised recurring revenue (ARR) for StatPro Revolution grew by 13% organically. Statutory revenues, EBITDA and cash were broadly in line with our forecasts and we are maintaining our FY18 forecasts. Given the busy M&A backdrop, which saw competitor BISAM sold for 7.3x sales earlier in the year, and the significant valuation disparity between StatPro and its US-listed financial software peers, we continue to see strong upside potential in the shares. FY17 revenue grew by 30% to c £49.0m (we forecast £48.9m) while EBITDA rose by 35% to £6.9m (we forecast £7.0m). Net debt finished the year at £20.2m, slightly above our £19.7m forecast. The annualised recurring revenue (ARR) for StatPro Revolution, the group’s cloud services analytics product, grew by 13% organically. The total cloud services ARR, which also includes Delta (acquired in May), jumped by 106%. The ARR for the group’s traditional Seven platform grew by 2%, after excluding the impact of conversions to the cloud platform. This reflects continued demand for the group’s composites product (for the aggregation of individual portfolios) and InfoVest (includes StatPro’s compliance solution). FY17 saw a number of transactions that make StatPro look cheap. Key competitor BISAM was acquired by FactSet for 7.3x sales. Separately, LSE acquired Yield Book (a key competitor of Delta) along with Citi Fixed Income Indices from Citi for 6.4x sales, although we understand that the $685m price largely related to the indices. Additionally, SS&C is acquiring DST Systems at c 2.4x 2018 sales. We have brought our end-FY17 net debt forecast in line with the update and this £0.5m increase impacts on subsequent years. Otherwise, we have maintained all our forecasts and will add FY19 forecasts after the results in mid-March. StatPro’s stock trades on c 30x our FY17e EPS, which falls to c 21x in FY18e. Alternatively, the shares trade on c 2.0x FY18e EV/sales, around one-third of the level of StatPro’s larger US peers and US-based pure SaaS companies. Our DCF model, when incorporating 10-year organic revenue growth of 4.4%, terminal growth of 2%, a long-term margin target of 24.5% and a WACC of 9%, would value the shares at 224p, 51% above the current share price.
double double
26/1/2018
14:02
I did say...
double double
10/1/2018
13:44
Break out chaps perhaps 163p+ coming soon.
double double
08/12/2017
09:44
Caym on you slag! Liven up or I'll boot yer hole!
volsung
01/11/2017
16:48
Nice to see this rarely discussed share doing well
volsung
19/10/2017
08:31
Solid trading
weatherman
28/9/2017
10:26
Hope we get a run-down of today's Capital Day, in whatever form. I'm happy to hold the shares.
napoleon 14th
01/9/2017
19:33
You've also had consolidation of the asset management industry. The trend to outsource and most importantly competition. Bisam, factset, Blackrock etc.So they have had to buy revenue.
bjfanc
01/9/2017
17:27
When Statpro decided to redevelop their systems to fully cloud based systems, they also decided to stop selling their previous flagship product (Statpro 7). Recurring revenue and early sales and conversions to Revolution kept revenue flat, which was actually a great result give that you stopped selling your main product. The final bit of functionality to Revolution was only completed end of last year and we are now starting to see sales escalating. New sales as recently announced and conversions from Statpro 7 should result in renewed revenue growth. The acquisition of UBS Delta was a great opportunity and the price paid was well below real value in my opinion. It will take a few years to rewrite and update Delta's software, but the revenue and profit potential is substantial. Disclosure: I am not connected to the company but have been a shareholder for many years. I have also been adding to my holding over the last six months.
geovest
30/8/2017
11:04
While it’s too soon to tell whether recent acquisition activity will succeed, there are legitimate concerns to be addressed about why StatPro’s sales stagnated for so long, and why it makes sense to kick-start growth via debt-fueled acquisition.
investorschampion
21/8/2017
17:38
Nice trend....
napoleon 14th
10/8/2017
08:24
Another contract.
weatherman
Chat Pages: 28  27  26  25  24  23  22  21  20  19  18  17  Older
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