I agree with some of what you say, but it's not in my experience actually the case that the 10 graduates each become the 1 capable one. Software design/development is like playing the piano/violin, playing tennis etc. Not everyone becomes really capable at it, even if they have great academic ability and try hard.
Anyway, Stilo obviously have at least one "special one" from the original Omnimark team. He must be otherwise I can't see how Stilo can have got to where they are now.
Maybe he is able to identify a younger version of himself and mentor them. Quite possible with such a small team.
Fresh blood needed, and while 10 run-of-the-mill graduates might not be as good as I capable individual, some of those 10 were once graduates themselves, and some turn out to be the best and the leaders of the future. Often companies will not employ the best they interview as the see the potential for that graduate/candidate replacing them, as their skills fail to keep up with the advances. Senior employees often do not like to employ brighter staff as it makes them feel insecure, they will talk those candidates down and give preference to those they do not perceive to be a threat. I have witnessed this myself.
These are all permanent jobs I note, sometimes to permanent.|
Looks like Patrick Baker is the one.
Degree in maths as well as masters in computer science.
He's been there forever and must have been one of the original Omnimark developers.
Doesn't look like he's going anywhere else.
Good news for my investment in Stilo.|
I'm not sure what to make of this.
On the one hand, I presume they are expanding the AuthorBridge team, which would indicate that they are increasingly confident that it is going to generate revenue.
On the other hand, how can one put it, they're not exactly targeting the most capable IT candidates.
Anyone who has worked in IT for any length of time will know that 1 really capable individual is worth 10 run-of-the-mill computer science graduates.
I guess my conclusion would be that we can expect good revenue generation from AuthroBridge but we need to hope that management can manage a burgeoning IT department.
Let's face it: with 15 or so employees and most of them in management and sales, the IT process has not exactly been taxing for them over the years, although they have ended up with products like AuthorBridge with a minimal budget. Quite a mystery to me really, unless one of the few developers they have had is one of those truly capable ones. In which case, pray that he doesn't leave the company.|
|Incidentally, Stilo started developing Authirbridge in 2014. If development is completed in 2017 it just goes to confirm how bleeding long it really takes to get these things up and running. Bleeding years! as has been proven by Stilo. Developments of this nature takes years to get right and then these have to be marketed and sold etc, etc, etc.
Also those long, long, long standing shareholders know how long they have waited over the years. In the last few years one has had to wait many years with Migrate and with Authorbridge since 2014.
All should now however at long last bear fruit.|
|I agree that Brexit to an extent saved the day but if Brexit did not happen then Stilo would have managed around the same levels of 2015, give or take.
To get a full picture of Authirbride I think we will have to wait until this time next year to get a real indication of its revenues if not longer. I believe these will be very positive overall but at what percentage points is the big question.|
|So say all of us - mud is a jolly fine gent that I have watch for many years after a historic huge result he had with another stock we were both invested in, mine being a very minor one, I regret to say.
Dear firth, At 78 I guess it matters little if all the eggs you have are placed in one basket, as I expect many of your age would have trouble remembering if you had them spread around and keeping track of the ones that fail to hatch or even those that have.
In this case I think your eggs age pretty safe but I hope you live to see them all hatch but if and when they do, do not bother to take muds advice as it may be more than you have years left in you, if STL is anything to go by. :-)|
|Mudbath I posted 1924 before I read your posting today.|
|Well Clocktower I have not. The reason is as Mudbath knows I have got all my eggs in one basket. Its a stupid thing to do ,and goes against all the rules of investing. Regarding Mudbath he is the Bookmakers nightmare. 10-1 would be short for him. What happens is he hits them with say a 14-1 shot, then maybe has 5 or 6 losers at big prices. Before the 14 -1 money runs out he hits them with another huge price. So it goes on they are always chasing their losses.
SL There is a lot of truth in the rumour 'Its not what you know , but who you know'.
At my age you know good people in all kinds of industries. Regarding STL I have concentrated on 'Broking contacts' and people I know who are involved in computer businesses. Quite a few of these people hold more shares in STL than me. It all started with Mudbath.
|Just to put the record straight,any rewards from stock selection mainly come from my investing when others are negative as regards a company's potential.
Thus,taking clocktower's disparaging mention for Tyratech merely underlines its attraction (to me) as an interesting speculation at today's offer price of "just" two pence.
More importantly,back at the ranch,development work on AuthorBridge V2 is scheduled to conclude this year,whereupon IBM's usage should be much expanded.
AS BREXIT and the JPO to an extent saved the day for STL in 2016 ,those AB revenues will be much needed.|
|Incidentally, you say that you asked around about Stilo Firth. Who did you ask?|
|Lol Clock. You are so funny. You certainly do not hold back tiger. I think we all have investments where we do well with some and not so well with others.
Firth at 78 you can be considered as a spring chicken when you compare yourself to a 95 year old lol.
I agree with everything that you say and I too know that Stilo of today is a none brainier. It ticks the boxes time after time now that it has got itself in a very good position.
Lets not forget that it operates in a very niche market and though the competition is there Stilo are more than able to hold its own with its unique offerings. In terms of not being able to deal with the multi nationals I think Stilo now have a much better footing with Authorbridge. Even if it is not able to deal with the multi nationals on a larger scale the small scale that it will be able to deal with the larger companies will slowly start to roll in the continuous repeated revenue stream that will increase year in year out.
You don't really to know their products inside out apart from knowing that they operate in a niche, are one of the market leaders and have products that are market leaders in their field with an ever increasing product base and offering. The company is well managed overall and continues to do well.|
|Hope you have not followed him into the bug business with TYRU firth. Maybe one bug to many .|
|Well S.L I have a problem with STL because I am committing the investors sin of not understanding what the company does. I am 78,and was in my 40's when computers started to appear. However I have known Mudbath for many years and his track record is second to none. [banking] When he first mentioned STL he said this could be the best investment I have ever made. With his record you take note with a statement like that. I then started asking around with people that know about these things. Nobody but nobody came back with anything but positive vibes. The only negative was its very difficult for a tiny company like STL to deal with these multi nationals.
How many company's have no debt. Money in the bank. Pay an ever increasing dividend twice a year and cost 6p. If they do not get taken out I will eat my hat. I think its a 'no brainer'.|
|What were your thoughts on the results Firth and what are your thoughts going forward?|
|Lol Firth. In fact, I have been very positive on Stilo for some time now and the only thing I have gone on about is the level of growth each year.
My expectations for growth in 2016 were around 10% but the numbers ended up much higher.
One of the things that I was surprised with was how £200 thousand plus was wiped of from Migrate. That was shocking and very disappointing. The company has invested millions in tackling the dita market and Migrate for many years has been the baby to tackle this so to see these fall by so much was very, very unexpected. "shocking and very disappointing", like I said. Never thought this would happen, especially from an already very low base.
However, with so, so, so much now going on with Omnimark, Migrate and new Authorbridge this should no longer be a concern and revenues overall in 2017 onward should now go up, up and up.
Overall, with this small disappointment put to a side, the results were very, very, very good.|
|When I read your posting S.L. I thought I should have gone to 'Spec. Savers'.
I am very pleased you are so 'bullish'.|
|A very good set of results for 2016 at this stage. Overall absolutely delightful
Increase of revenues, increase in profits, increase in dividends and an increase in cash.
For this period I don't think we can complain. Not even me as I was expecting 2016 results to be fairly flat. Course, it would have been nice for costs to be lower and more dividends. EPS was flat at 0.28p same as 2015 0.28p. Stilo did issue 1,360,000 shares in 2016.
Overall, though, a really good set of results.
2017 onwards really, really, really is the period that matters most and Stilo now has a lot, lot, lot more going on than ever before.
Most definitely high expectations 2017 onwards.|
|"15% increase in operating costs, net of capitalised development costs, to £1,437,000
When the full accounts become available it will be interesting to see if the board have started to reward themselves extra salaries.
· Increased investment in total product development to £538,000(2015: £419,000) of which £204,000 capitalised (2015: £125,000)"
If the increase in investment is extra bums on seats all well and good but if it is higher rewards for those already sitting there that could be another matter.|
|15 March 2016 - share price 6.125p
16 March 2017 - share price 6.25p
so a 12% f/x gain has given a zero share price gain.
facts, not fiction|
|I think you'll find that if the share price goes from 2p to 6p it's a three bagger in real terms. ;)
Glad to see you like the company and have bought in though. We'll see what the forthcoming weeks and months bring.|
|A 2p price reflects sentiment collalsed and a distressed seller. A fairer value price is 6p.
So nill increase in share price in real terms in my books, but yes if you were lucky to catch a share price affected by poor sentiment, you would have been rewarded.
However, i like this company im in.
SENTIMENT rules ok!|
|Since February 2015 the share price has gone from 2p to over 6p so hardly moribund is it?|
|"Explains the moribund share price and raises the risk."
Raises the risk of what exactly?
No debt, increased cash and dividend.
Revenues and profit have risen. So what if f/x has helped. Better than the reverse.
Trading for 2017 is in line.
Less risk than most I'd suggest.|