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
  +2.00p +1.36% 149.50p 145.00p 154.00p - - - 0 07:32:51
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 54.8 -1.0 -0.8 - 98.00

Statpro Share Discussion Threads

Showing 426 to 450 of 775 messages
Chat Pages: Latest  19  18  17  16  15  14  13  12  11  10  9  8  Older
DateSubjectAuthorDiscuss
30/7/2007
10:28
Statpro's H1 pretax profit doubles; buys Initram Data for 1.41 mln stg LONDON (Thomson Financial) - StatPro Group PLC saw its first-half pretax profit double versus last year, boosted by a 79 pct rise in sales and said it has acquired Montreal-based Initram Data Inc for total 1.41 mln stg cash. The AIM-listed provider of software to the asset management industry posted a pretax profit of 1.86 mln stg versus 0.82 mln stg last year for the six months ended June 30 and said it is "very confident" of its future prospects. Turnover jumped to 11.32 mln stg from 6.33 mln stg a year ago on a significant increase in professional services revenue and continued strong cash generated from operations, the company said. StatPro Group also proposed an increased interim dividend of 0.45 pence per share against 0.3 pence last year. "We aim to maintain our recent rate of organic growth and our strong cash generation will help us systematically pay down our debt thus strengthening our balance sheet, providing us with the flexibility to respond to any opportunities that may arise. We look forward to the second half of 2007 and beyond," chief executive Justin Wheatley said. The group said FRI Corp, its recently acquired Canadian business, is now fully integrated with StatPro and added that the company is now ready to launch new products starting in September through to January 2008, representing an exciting opportunity to increase sales. Meanwhile, Statpro said of the total 1.41 mln stg cash offer for Initram, 0.99 mln will be payable on signature and the balance over a two-year period, financed from StatPro's existing bank facilities. Initram Data is a small competitor of FRI Corp, the company said. TFN.newsdesk@thomson.com npr/lam/npr/slm
papalpower
30/7/2007
07:16
Interims just out and looking fine imo and generating cash : http://www.investegate.co.uk/Article.aspx?id=200707300701190591B Interim results for the six months ended 30 June 2007 StatPro Group plc, the AIM listed provider of portfolio analytics and data solutions for the global asset management industry, announces its interim results for the six months ended 30 June 2007. Six months ended Six months ended Change 30 June 2007 30 June 2006 Turnover £11.32 million £6.33 million +79% Profit before tax £1.86 million £0.82 million +126% Operating margin 20.2% 12.4% +63% Earnings per share 3.0p 2.0p +50% - basic 2.9p 2.0p +45% Dividend per share 0.45p 0.3p +50% FRI integration completed: • Agreement signed for additional revenue with Accenture on major systems project amounting to US$1.8 million (£0.90 million) • Agreement on working capital balance on FRI acquisition resulting in C$1.0 million (£0.47 million) benefit • Transfer of non-core real time data business to Tenfore Systems Limited for consideration of up to US$2.5 million (£1.25 million) expected to be completed by year end • Acquisition of Initram Data Inc. completed in July 2007 for C$3.0 million (£1.41 million) payable over two years to consolidate strong Canadian bond data market position • Automation of data feed into StatPro product suite achieved on target Financial highlights: • Operating margin target of 20% achieved • Recurring annualised revenue increased to £18.8 million (Dec 2006: £17.7 million) • Significant increase in professional services revenue to £2.00 million (2006: £0.96 million) • Continued strong cash generated from operations amounting to £2.89 million (2006: £1.95 million) Commenting on the results, Justin Wheatley, Chief Executive of StatPro said: 'Given the transformation of our product set we are very confident about our prospects. We remain focused on maintaining the strong financial discipline that has helped us grow so successfully whilst balancing the needs for investment to sustain long term growth. We aim to maintain our recent rate of organic growth and our strong cash generation will help us systematically pay down our debt thus strengthening our balance sheet, providing us with the flexibility to respond to any opportunities that may arise. We look forward to the second half of 2007 and beyond.' AND THERE IS MORE, an acqusitions announced today too : http://www.investegate.co.uk/Article.aspx?id=200707300701210592B StatPro Group plc, the AIM listed provider of portfolio analytics and data solutions for the global asset management industry, is pleased to announce the acquisition of Montreal based Initram for a total cash consideration of C$3.0 million (£1.41 million), with C$2.1 million (£0.99 million) payable on signature and the balance over a two year period, financed from StatPro's existing bank facilities.
papalpower
29/7/2007
11:17
Thanks for that polzeath, I see Statpro as strong presently, due to the cash generation and the increase in reccuring revenues. Things should go from strength to strength for them.
papalpower
29/7/2007
10:34
Market jitters boost Statpro Statpro (101p) designs and sells software used by the asset management industry to analyse portfolios. Its products can be used to work out risks in a portfolio, help judgments on asset allocation and monitor performance. It also sells related consultancy services. Interim results on Monday are expected to be strong. The latest recent trading update indicated that recent acquisitions had been integrated successfully, and that the new business pipeline was at record levels. The group also said it is securing more recurring revenues from existing clients, and that its increased scale and broader product range is giving it access to bigger contracts. Anecdotally, the type of products offered by Statpro are in greater demand at the moment due to volatility in the credit markets and the general uncertainty surrounding equities. Given that fund management firms have been making good money for the past few years, they are better placed to invest in technology. Statpro's shares have been strong in recent weeks, bouncing back from a sell-off earlier in the year. But they are still trading on just 13 times forecast earnings. The rest of the software and computer services sector trades on about 20 times earnings. The company's balance sheet is healthy; it is generating cash and pays a small dividend. We first advised readers to look at the company in February 2005, when the shares stood at 36.5p. There should still be mileage left in the shares. Keep buying. http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/07/29/cxequity129.xml
polzeath
23/7/2007
17:20
Will it bounce down though when results are out as it sometimes does..... Held since 1999, just in profit for the second time, so thinking of bailing before results are out. can't see too much more upside in the short term after recent rise......
rossgr2
23/7/2007
11:47
Bit more buying, L2 now 5 v 1 @102/106. Results next Monday, so all being well a good week ahead next week, with hopefully a good for media mentions to raise the profile. They are generating lots of cash, and the markets like stocks that do that, at this moment in time.
papalpower
20/7/2007
15:08
Is looking strong today. Results soon.
papalpower
20/7/2007
14:52
Yes, good call, PP.
diogenesj
20/7/2007
14:52
nice move on some pretty decent volume. 140 by year end!
geovest
15/7/2007
14:12
Article in The Times : Buy rating. http://business.timesonline.co.uk/tol/business/columnists/article2067181.ece 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
13:19
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
18:10
Post on TMF which detailed the AGM earlier this year : http://boards.fool.co.uk/Message.asp?mid=10545341&sort=whole
papalpower
14/7/2007
12:44
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
10:21
Extract from latest update on http://www.armshare.com ............................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
04:26
IR site link added : Investor Relations : http://ww7.investorrelations.co.uk/statpro/index.jsp
papalpower
14/7/2007
02:53
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
20:28
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
17:50
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
16:29
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
13:47
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
13:44
YEP im kicking myself on this one switched to sft last week, and missed out on the rise. grrrrrrrrrrrrrrr
igoe104
13/7/2007
09:08
Time to break back up through 100p ?
papalpower
13/7/2007
08:08
Nicely opened up. L2 1 v 1 @95/97
papalpower
12/7/2007
16:47
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
16:32
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
Chat Pages: Latest  19  18  17  16  15  14  13  12  11  10  9  8  Older
Your Recent History
LSE
SOG
Statpro
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20190718 06:48:49