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 476 to 500 of 775 messages
Chat Pages: 31  30  29  28  27  26  25  24  23  22  21  20  Older
DateSubjectAuthorDiscuss
29/9/2009
13:11
Back in today - trading statement due in a fortnight going by last year's date. CR
cockneyrebel
21/9/2009
19:20
Does anyone else hold this, got any information????
rossgr230279
18/9/2009
16:12
Nicely ticking over, confidence amongst rights take up, hopefull get over the magical 100p mark soon. Held for 6years...
rossgr230279
06/8/2009
10:33
Wow! Some retrace on not a lot of volume. What are these MMs playing at.
joan of arc
06/8/2009
08:00
Times online recommendation "Hold on" http://business.timesonline.co.uk/tol/business/markets/article6740765.ece
geovest
05/8/2009
18:41
Thanks GeoV, you're right - I'd forgotten it was such a long time ago. Yes, i thas been an interesting ride. My original purchases were at 80p!! I bought on the way down in 2003 and got a good wadge at 13p so all in all it has performed well for me.
joan of arc
05/8/2009
15:47
JoA The most common "sales model" used by most software companies in the past was to book all revenue (sales) and profit in the first year. Statpro stopped doing that in 2002 (long before IFRS was introduced). They now treat software sales the same as software rental, ie only the current year portion is shown as revenue/sales, which means only the current years's proportion of the profit is recognised in the P&L. The recurring revenue is the aggregate of contracted revenue of future years. This figure is provided as additional information for the investor only and is not taken into account in the profit figures. The revenue and profit recognition policy of Statpro is one of the most conservative in the industry. If you've held since 2000 you have been through some tough times with this. I've only held since 2003, but I have a high regard for Justin and his team and I beleive Statpro has a very bright future.
geovest
05/8/2009
15:08
Most companies I have worked with have taken every opportunity to capitalise software development - it flatters the P&L. What is not clear (and I am not sure what the IFRS rules say) is that historically SOG have taken out 3 year contracts for their recurring revenue and then reported all the revenue in the first year, again to flatter the P&L. This means that, rather like a Ponzi effect, you must keep getting more contracts just to stand still profitwise. How we stand on this now I don't know. However on the face of it these are excellent results, the future looks bright and the share price hike reflects this. I have held these shares since 2000 and trust the management so will continue to hold (even with my niggle re revenue reporting).
joan of arc
05/8/2009
09:40
Its not a case of muddying waters. The nature of the sofrware Statpro develops means that it always fulfills the IFRS requirements. The company would therefore always face an uphill struggle to convince the auditors why they do NOT want to capitalise. This is actually one of the IFRS regulations that makes sense. Developing software to generate future revenue is no different from buying eqipment to generate revenue. Both should be expensed over its useful life.
geovest
05/8/2009
09:14
Geovest, then how come I hold several software companies who don't capitalise development costs? e.g. IGP. IFRS does require them to capitalise development expenditure if the following conditions are met but in practice most companies have the leeway to say not all the conditions are necessarily met and so write it off in the year in which it is incurred. an internally generated intangible asset arising from the development of software is recognised only if all of the following conditions are met: - it is probable that the asset will create future economic benefits; - the development costs can be measured reliably; - the technical feasibility of completing the intangible asset can be demonstrated; - there is the intention to complete the asset and use or sell it; - there is the ability to use or sell the asset; and - adequate technical, financial and other resources to complete the development and to use or sell the asset are available. Apologies on the second point - didn't read that far - it's because development expenditure is less this year after the move to SaaS last year. However, why muddy the waters this way?
wjccghcc
05/8/2009
08:59
You are wrong on two counts. IFRS requires/forces ALL software companies to capitalise development cost and then write it off over the usefull life. You wil also see in the section on development cost in the results that the amount capitalised was £1.02m while the amortisation £1.23m. Results were not flattered by the capitalisation at all. These results were even better than I expected. Well done to management and staff!
geovest
05/8/2009
08:44
Looks good though flattered by capitalising their development costs whereas many software companies expense them in the year they're incurred.
wjccghcc
05/8/2009
07:34
any views on todays news?? may be looking to buy in today as it all seems pretty positive here!
l0wrdr
03/8/2009
11:16
Directors buying loads recently - right up to 80p Already said results will be ahead of views. Results on Weds. "The clues are there, as we go through, the keyhole" :-) CR
cockneyrebel
22/7/2009
10:20
Buy recommendation from Growth Company Investor http://www.growthcompany.co.uk/recommendations/1058912/statpro.thtml
investinggarden
14/7/2009
21:46
Well it looks like my gripe back in January was misplaced and it was further ridiculed by the recent Director purchase. I await the interims to see if there is still any grounding to some of my concerns re the longer term.
joan of arc
14/7/2009
08:58
Great trading update with positive outlook.
geovest
20/5/2009
10:39
Perhaps this time the recent director buying will presage an improving share price. Today's AGM announcement is certainly an encouragement after months of frustration. Volume today is still small but almost entirely on the buying tack.
networker
20/1/2009
17:42
JoA, where did you get your figures from. SOG confirmed results in line with expectations, which is £4.73m. Margins on SaaS is normally higher not lower than conventional contracts. Their new asset valuation products should continue to do well and provide growth potential to offset the impact of lower renewal rates because of industry consolidation. The declining £/$ rate will still benefit results next year as well as the £1.5m cost savings.
geovest
20/1/2009
09:41
on reflection and having now done some work on the company, I was coming round to a similar view to you JoA. Seems like it's all dependent on getting contracts to keep things going longer-term. It's on my watchlist for newsflow but that's about it for now
edcrane
20/1/2009
08:49
Well that update went down like a lead balloon. As usual it was what was not said that mattered. At best £4m profit this year and reducing marigns due to the SaaS model. Likewsie as the rolling 3 yr contracts start coming to an end in 2010 this will be further exacerbated with falling renewal rates to boot. A company that has reached its plateau and will plod on with increasing volume but static or falling profits. They should up the divi to at least provide some interest for long term holders like myself. I have been with this 8 years and it is still at less than half my entry price.
joan of arc
20/1/2009
07:47
nice trading update this morning. Shares look absurdly cheap. No position but going to investigate further
edcrane
28/10/2008
21:37
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joan of arc
05/8/2008
17:15
After the shock profit warning it would be nice to think that the spate of director buying at c60p puts a floor under the share price. Their judgement seems to have been very poor recently not only about the trading performance of the business but also in their timing of share purchases. They have quite a credibility gap currently which will take time to mend.
networker
21/5/2008
08:46
Confident AGM statement. Directors' recent buying shows they are putting their own money on the line. The rise in share price over the last few weeks looks set to continue unless general market conditions neutralise the positive comments. It will be interesting to see if 100p proves to be a barrier in the short term.
networker
Chat Pages: 31  30  29  28  27  26  25  24  23  22  21  20  Older
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