Statpro Share Discussion Threads

[networker] 02/8/2005 11:02

Encouraging results which were fairly well signalled by the company.
Looking at recent trades I suspect there is still some selling from those who obtained shares arising from warrant changes.
Not clear whether the 3 high of 56p will be breached, but momentum and good future prospects mean it is likely to be tested in the near future.

I don't know much about the track record of Growth Company Investor, but the company now seems to fit the bill as it is clearly on a growth path. No doubt a subscriber will tell us more or post their track record for us all to see?

[pre] 02/8/2005 10:19

Grabbed a few myself following yesterday's results. A strong and positive outlook announced yesterday bodes well for the future imo.

[tole] 01/8/2005 19:47

Nice find this one, interesting little company...Looks worth a few quid.
I see a few names here already in it apart from me :(
Been abit slow recently juggling the portfolio and finding myself always one step behind of late....
Have to admit that you have had some v good picks lately CR.
Anyone any other newies on the horizon?

GrowthCompany Investor
StatPro - BUY
Companies: SOG
01/08/2005

Shares in asset management software developer StatPro moved to within striking distance of their 56p three year high, as chief executive Justin Wheatley unveiled impressive interim figures. Results for the six months to June saw turnover advance 18% to £5m as a wave of incoming regulatory changes continued to drive sales throughout Europe. Pre-tax profits doubled to £550,000 – past comparables having been restated on account of StatPro's adoption of the new IFRS accounting rules. From Wheatley's perspective one of the most pleasing aspects has been the growth achieved in recurring revenues. As a rule, StatPro looks to sign customers up to multi-year deals and can now boasts annual recurring revenues of more than £9m. Five years ago this figure stood at just £1m. Cancellation rates, by contrast, have dipped to around 2%. In recent weeks the company has also boosted its product offerings through the acquisition of reporting software business Delve and, in 2006, the product portfolio will be enhanced further by the launch of a new software module focused on the fixed income market. As a result of these developments, Wheatley believes organic growth opportunities remain as strong as ever, an opinion with which house broker Corporate Synergy concurs. For the full year analyst Luke Ahern expects a profit in the region of £1.7m from £11.1m of sales. Trading on a prospective p/e of 11.5 the shares remain attractive.

Elliott Davis
Market cap: £18.5m
PE Forecast: 11.5
Share price: 53p

[cockneyrebel] 01/8/2005 09:43

Me too nurdin - I think these should be over £1 and deserve a very significant re-rating. I seem to remember at the last results there was a lag then a kapow!

My guess is these will get the broker upgrades and the tips and we'll see them motor. Many not grasping yest that H2 is the much stronger half due mainly in part to recurring licence/revenue fees falling in H2 much greater than H1.

After todays results 8.5p eps looks well achievable if not more with the debt down and the extra shares gone. Then there's the new licenses signed in H1.

Add in the divi they are now going to pay and I can't see these doing anything other than go north pretty steeply imo.

CR

[nurdin] 01/8/2005 09:14

Some interesting facts within the text as well.

-Cash inflow from operating activities rose nearly 10 fold to £0.33m from £.03m last time and H1 is much weaker than H2 for cash generation...

- the group also repaid its outstanding bank
debt of 1.2 mln stg and its net cash position was 1.71 mln stg as at June 30
2005...

-so no interest to pay,license income accelerating and likely earning enhancing acquisition on the horizon

I do believe SOG are on course to significantly exceed the current market expectations and am looking forward to seeing the Brokers upgrades after these results

[cockneyrebel] 01/8/2005 07:36

Co says prospects for the full year are excellent, going to start paying a divi this year too.

CR

[cockneyrebel] 01/8/2005 07:09

Great results, looks like growth in the naturally stronger H2 will bring in 8p+ eps for the year - PE 6.5 = must be way too cheap surely

CR

[cockneyrebel] 28/7/2005 14:26

On the verge of breaking through that 50p level - then we're away.

CR

[cockneyrebel] 27/7/2005 10:24

Moving up at last:

"Trading Update
Further to the trading update issued on 18 May at the time of the Company's AGM,
the Board is pleased to report that further progress has been made in May and
June and that it accordingly expects a satisfactory performance in revenue
growth for both the half and full year."

It's a big plus when the company is confident enough to say the full year will meet even before they have published the interims imo.

CR

[cockneyrebel] 16/7/2005 17:33

Results were Aug 2 last year - probably 10 working days away if the same date as last year.

CR

[cockneyrebel] 04/7/2005 10:26

Nice little earnings enhancing acquition it seems today.

Company also says it expects "a satisfactory performance in revenue
growth for both the half and full year."

That's a pretty positive statement considering it's made at the half year point.

Interim results due in a month or less

CR

[cockneyrebel] 30/6/2005 14:45

MM buy, can't be much stock around

CR

[cockneyrebel] 27/6/2005 15:23

Frauddy - another one you got wrong!


H1 ends in 3 days - I suppose we'll get a nice bullish trading statement soon!

CR

[cockneyrebel] 24/6/2005 10:23

49p bid - these have made a nice double bottom and now on a nice uptred imo.

CR

[cockneyrebel] 20/6/2005 12:04

Just 1mm on 50p offer Fred.

Do you know I reckon hedge fund shorted these on the warrants news and are now closing.

Looking for a big fat breakout here at some point!

CR

[cockneyrebel] 20/6/2005 08:13

Moving up Frauddy.

CR

[cockneyrebel] 17/6/2005 16:10

Firming on level II - you buying these to go with your CFE Frauddy?

CR

[cockneyrebel] 17/6/2005 10:19

114k trade at mid Frauddy a sell? - if the mm's were going to be flus with stock it seems strage to see a sell at mid don't you think.

I reckon they might put out a nice positive trading statement at the end of June Fred - the period end.

CR

[cockneyrebel] 16/6/2005 10:45

You nibbling Frauddy?

It's moving up - doesn't seem like mm's are flush with stock.

CR

[cockneyrebel] 14/6/2005 10:46

No huge exodus Frauddy!

Like I said, the warrant holders are close to the company and they sold at 41p weeks ago ahead of the warrants in a short imo.

Time to buy or you're going to miss this dip imo.

These are just screaming cheap now Frauddy and you know it :-)

CR

[cockneyrebel] 10/6/2005 18:11

Frauddy - I don't think you have got this right.

They are getting more warrants, not shares. The new warrant excersise price of 32p is the price at which they can be converted into shares isn't it?

So they get rid of their non listed warrants for listed warrants that allow them to convert to shares when the share price is over 32p.

So if they accept (and they'd be mad not to) they excercise the new warrants and their 32p becomes 45p shares immediately.

How many would sell? a percentage perhaps, but I guess the people holding the unlisted warrants know what the company is about better than most and won't be inclined to sell.

Go and look at the 400K sold on June 7, at 41p, well below the market price of 47p. These were shorts imo that will probably be buying back some of the warrants that get converted so most or all of any fall on the back of these warrants is probably in the price. In fact I bet the non listed warrant holders are within the company and they know they only want to sell 400K, hence those 2 trades on June 2 of 350K and 50K at 41p.

June 10 today and I haven't seen any mass exodus have you?

CR

[ydderf] 09/6/2005 11:21

From tomorrow (10th) up to 1.9 million shares which cost 32p can be sold in the market (correct me if i'm wrong) to show an immediate and substantial profit to anyone able to get a price between 45p (current bid) and say, 34p. I know that water doesn't run uphill and that two and two make four, so why won't this mean that the share price is pushed down somewhat for the next few weeks - at least until all the warrants have been exercised? I am happily short, we'll see soon enough if i'm right.....

[cockneyrebel] 08/6/2005 11:15

Where are you Frauddy? I know you're buying, you always deramp a stock you're buying.

Moving up nice - yo'll never get the fat wadge you want if you don't move soon Frauddy :-)

CR

[cockneyrebel] 07/6/2005 15:38

I wouldn't hang about if I were you Frauddy - those warrants probably already placed imo.

CR