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SOG Statpro Group Plc

236.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Statpro Group Plc 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
  0.00 0.00% 236.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Statpro Share Discussion Threads

Showing 401 to 425 of 775 messages
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DateSubjectAuthorDiscuss
20/7/2007
14:08
Is looking strong today.

Results soon.

papalpower
20/7/2007
13:52
Yes, good call, PP.
diogenesj
20/7/2007
13:52
nice move on some pretty decent volume. 140 by year end!
geovest
15/7/2007
13:12
Article in The Times : Buy rating.




From The Times July 13, 2007

Extract below :


....................................StatPro Group

This AIM-listed software provider has more reason than most companies to please its professional investors. They are also its customers. StatPro, founded in 1994, develops computer programs that enable fund managers to analyse the performance of their portfolios, calculate returns and manage risk.

As such, it has benefited both from the long-term growth and increase in diversity of assets under management, as well as higher spending on technology as money managers seek to improve efficiency and comply with tighter regulation.

But StatPro stirred unease in their ranks this year after its £27 million acquisition of FRI, a Canadian provider of fixed-income bond data, the biggest deal in its history. The purchase saw its proportion of US dollar revenues rise from 15 per cent to 25 per cent, and those in Canadian dollars from 2 per cent to 18 per cent. This, combined with confusion over the revenue recognition policies of FRI, triggered downgrades to its profit forecasts. StatPro's shares fell 29 per cent in a matter of weeks.

So yesterday's first-half trading update, in which StatPro said that trading was in line with forecasts, served to reassure. So did its disclosure that it had won a clutch of "significant" contracts.

The rationale behind deals such as FRI, its eighth in six years as a public company, is to increase the cross-selling of acquired products to existing clients. With its customers buying, on average, 1.6 of its products as against the eight on offer, there is clearly scope for that ratio to rise.

Here, it is being helped by regulatory changes such as MiFID, which has increased demand for additional data feeds. After this year's hiccup, StatPro, up 8p to 93p, sits at 13.3 times 2007 earnings, or 10.7 times 2008.

Too cheap for a company growing organically at more than 15 per cent, with operating margins of 25 per cent and 85 per cent of its revenues recurring. Buy. ..................................................................

papalpower
15/7/2007
12:19
Broker Forecasts :

Arbuthnot 15th May 2007 "Strong Buy"

2007 PTP 4.6m
2007 EPS 7.01p
2007 DPS 1.52p

Current year forecast PER of times 14.05 @98.5p

-------------------------------------------------

2008 PTP 6.5m
2008 EPS 8.67p
2008 DPS 2.0p

Forward forecast PER of times 11.36 @98.5p

papalpower
14/7/2007
17:10
Post on TMF which detailed the AGM earlier this year :
papalpower
14/7/2007
11:44
thanks pp.i have learned some hard,expensive lessons in the past from pillaging other peoples research.i usually watch for a while,as with lead,before taking the plunge,but statpro required fast action and i took a chance.i totally get your point though.regards,fig.
fig1
14/7/2007
09:21
Extract from latest update on


............................The January 2007 update re the final results to December 2006 reported that they are anticipated to be in line with market expectations - new business signed was 50% higher than in 2005; the integration of FRI (see above para) is in line with plan - the first cross-sell of a StatPro system to an FRI client has been achieved.

The final results to December 2006 showed sales of £14.6 million (2005: £10.8 million), pre-tax profit of £1.1 million (2005: £1.6 million), adjusted EPS of 5.8p (2005: 4.6p) and DPS of 1.0p (2005: 0.5p) - the results include an exceptional charge of £1.4 million (2005: £nil) and amortisation of intangibles of £1.7 million (2005: £1.1 million). The company reported that like-for-like sales grew 18% - recurring revenues were 85% of sales (2005: 85%) - year end annualised recurring revenues were £17.7 million (2005: £10.1 million); operating margin was 18.1% (2005: 15.4%); the exceptional charge is expected to reduce operating costs by c£500,000 pa.

The May AGM update reported that trading for the first 4 months of 2007 is in line with expectations and is ahead of the same period in 2006.

The July update re the interim results to June 2007 reported that they are in line with expectations and significantly ahead of H1 2006.


Research Standing

The company is demonstrating an attractive business model (which benefits from increasing regulation) and achieving margins which suggest that it provides attractive value propositions to its customers. The company now has an established platform from which it can make small bolt-on acquisitions and benefit from enhancing its product range and/or its customer base, thus providing attractive cross-selling opportunities. The company has a good record of showing that it can significantly grow the sales of the bolt-on acquisitions.

The company broker's note dated 13th March projects EPS of 7.0p for 2007, 8.7p for 2008 and 10.5p for 2009 representing P/Es of 13.3, 10.7 and 8.9 respectively based on the share price of 93.0p at 12th July.

papalpower
14/7/2007
03:26
IR site link added :

Investor Relations :

papalpower
14/7/2007
01:53
fig1, welcome, and you are naughty, we all make almighty screw ups at times and I am no exception, so its very dangerous to follow others without plenty of you own research, but anyway, SOG does look quite strong, and the cash generation is key. The key event for this trading update was as has been highlighted already, that ths US integration is fine.

Therefore, I think we should be on for some solid rises once results are out and everyone has the chance to go through them and make their minds up. Until then we could be a little volatile, we have had a good rise, so perhaps some consolidation before a rise into results, or maybe not.....we will see soon.

papalpower
13/7/2007
19:28
hello pp.bought into these yesterday after seeing your positive thoughts on another thread.made a few bob there after seeing your recommendation,sold the lot and bought these at 93p(just missed out on a much better entry price but not complaining).sorry to be such a lazy sod,piggybacking on your diligent research but i am most grateful to you.will follow your thoughts on this(and lead)with interest.regards,fig.
fig1
13/7/2007
16:50
mikey_b, I would see no reason why a price in the region of 120p is not possible shorter term.

The big bonus point is SOG generates cash, and presently the markets like stocks that generate lots of positive cash flow.

The dollar was a worry, but if they are doing well at present rates, imagine what happens when the dollar gains strength back again, its all upside for the future.

papalpower
13/7/2007
15:29
Hi PP, just lookinig as you mentioned this on the other thread. Having been idle and not done any research here, is your expectation for more of the same? £1++ ?
cheers!
mikey.
off to look at ast now...

mikey_b
13/7/2007
12:47
Should be more to come igoe, once the results are out on the 30th July, and the mags and rags have time to pick through them.

I would expect GCI to give a "strong buy" rating again.

papalpower
13/7/2007
12:44
YEP im kicking myself on this one switched to sft last week, and missed out on the rise. grrrrrrrrrrrrrrr
igoe104
13/7/2007
08:08
Time to break back up through 100p ?
papalpower
13/7/2007
07:08
Nicely opened up.

L2 1 v 1 @95/97

papalpower
12/7/2007
15:47
Hi all, I went for a few of these this morning at a fraction under 91p. Good statement today. What particularly attracted me was the number of top quality worldwide blue-chip clients they work with!
bsharman
12/7/2007
15:32
That was a nice 91.5K buy at 95p (T).

Should be more to come once the people have a chance to go through the statement, and then results are out in 2 weeks time Monday.

papalpower
12/7/2007
13:51
Great call, PP. Sadly out of funds or I might have gone for half a position this morning, good luck holders. :-)
polzeath
12/7/2007
11:36
Don't think you'll see any upgrades after the company has massaged down brokers expectations a couple of months ago. Still, it's nice to see reassurrance on the integration process. Back in these at 89p.
wjccghcc
12/7/2007
11:06
Looking very nice, but I think at under 105p its very cheap (and that is just 15 times current year forecast, before any upgrades).
papalpower
12/7/2007
08:34
Yes, probably the bigger moves will come once results are out and people have had a pick through them. This will be 30th July, nicely on a Monday, which gives them the rest of the week to go around and do some promotion and presentations.......hopefully.

GCI for sure should be doing an update.

papalpower
12/7/2007
08:29
This share has looked rather cheap for a while. Uncertainty over the integration of the acquisition has been clarified by today's statement. I expect further increase in shares as positive analyst/press comment etc received.
networker
12/7/2007
08:00
Yep, a sign that the comment "the overhang is clear" is hopefully correct.
papalpower
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