Vero Software Share Discussion Threads

[mike_f] 15/6/2009 12:34

Found this:

Resolution 5 will be proposed as an ordinary resolution to give the directors a general authority, in accordance with Section 80 of the Companies Act 1985, to allot 12,400,000 ordinary shares (being ordinary shares of a nominal value of £62,000) in the Company equivalent to 33.3% of the current issued share capital. This is in compliance with the Association of British
Insurers' guidelines. The Company has made use of such authorities in the past for the purpose of acquisitions and this would provide the flexibility needed for similar acquisition opportunities in the future. This authority replaces the authority given to the directors on 10 June 2008.

What do you make of that? Going to be an RI or just have the capability?

[mike_f] 15/6/2009 10:01

Morning arctic, the only thing that i can see which may be an issue is a possible RI on the date of the AGM, in the report it says:

Resolution 5 will be proposed as an ordinary resolution to give the directors a general authority, in accordance with Section 80 of the Companies Act 1985, to allot 12,400,000 ordinary shares (being ordinary shares of a nominal value of £62,000) in the Company equivalent to 33.3% of the current issued share capital. This is in compliance with the Association of British
Insurers' guidelines. The Company has made use of such authorities in the past for the purpose of acquisitions and this would provide the flexibility needed for similar acquisition opportunities in the future. This authority replaces the authority given to the directors on 10 June 2008.

What do you make of that? Cheers

[mike_f] 15/6/2009 09:23

Nice 20,000 buy early on this morning, hoping this will continue today, read through the financial report over the weekend, they have a 2.9mill debt but with a steady stream of cash and a strong client base that isn't an issue. Few more bits to read up on this morning as didn't get a chance over the weekend. Will post my findings... GLA

[mike_f] 13/6/2009 12:42

I have already bought in, just doing a little more research! Will let you know my findings... GL

[thearcticfox] 13/6/2009 09:33

Hi, can anyone tell me what caused the sharp rise in early January?

[thearcticfox] 13/6/2009 08:22

Yeah, no charts yet. Good luck sorting it out. Hoping for some good news on the 18th. GL. Let me know if you buy in...

[daytraders] 12/6/2009 19:00

mike maybe add it to the UPS thread sunday.

[mike_f] 12/6/2009 16:07

That's my view on it, looking at the financial report and that in depth atm, also AGM is coming up by the looks of it and with the launch of their new product could go well. GL

[daytraders] 12/6/2009 15:58

im tempted to invest, looks like the bottom here, could be a great time to get in.

[mike_f] 12/6/2009 15:41

Hi arctic, didn't know what i was doing with this thread lol, can you see the charts etc because i cant't! All it says is at the top... Think i have made it so only premium users can see it as well! I'm still doing some digging on this one, looking through the financial report with a fine tooth comb atm. Looks like AGM is due soon as well! Will have a look through... GL

[thearcticfox] 12/6/2009 15:16

Hi Mike, Decided to jump aboard too... Seeing as you guys on the NPH board seem to do me so well. The story here is going to be when the recovery really comes into play, but definitely looks a good one to be holding a few of when the time comes... Stick 'em under the mattress and forget about them... Good luck getting the thread sorted...

[mike_f] 12/6/2009 14:12

Vero Software Plc is a company that creates and distributes CAD / CAM / CAE software for aiding the design and manufacturing process in specific sectors of the industry with a knowledge driven focus on Mould & Die. The specific sectors include the design and manufacture of plastic injection moulds, sheet metal stamping dies, progressive dies, shoe moulds, electrode production, multi-axis laser cutting, Wire EDM and others. These widespread product types are in turn to be found in a multitude of manufacturing industry sectors such as automotive, electronic, medical, white goods and aerospace.

Vero Software has offices in Italy, England, Japan, France, Canada, USA and China. The company now has a user base that numbers more than 20,000 and supplies products to more than 40 countries through its wholly owned subsidiaries and competence centres.



Final results which were released on 8th April were very good:

Financial and operating highlights:

A revenue increase of 10% to £13.9m (2007: £12.7m) marking 20 years of consecutive and unblemished turnover growth since the company's inception.

EBITDA (earnings before interest, tax, depreciation and amortisation) increased by 20% before exceptional items to £2.2m (2007: £1.9m)

Operating Profit before exceptionals rose 20% to £1.5 million (2007: £1.3m)

Pre-tax profit before exceptionals of £1.4 million (2007: £1.1 million)

Basic earnings per share of 2.28p (2007: 1.79p), an increase of 27%

Strong recurring revenue performance combined with an increase in sales of cost saving analysis tools resisted the recessionary trends

Completion of the total software solutions for plastic injection and progressive die design processes enables future growth for these important parts of our product range

Also they have just joined forced with CADENAS which has the largest external library of 3D standard components available on the market .

They recently presented their flagship product VISI17 during PDM 2009 which is due for release June 2009.

Links:







Would appreciate anyones thoughts on this company but it looks very undervalued IMO. DYOR as always and GLA.

[mike_f] 12/6/2009 13:21

I know it is a little confusing, they must be releasing an RNS shortly with the release of VISI17 though!? Maybe that will get it noticed. Looks very cheap to me. You invested in here?

[daytraders] 12/6/2009 13:16

i also been watching this, why dont they release rns for all this good news.

[mike_f] 12/6/2009 13:10

Also they recently presented their flagship product VISI17 during PDM 2009 which is due for release this month!

[mike_f] 12/6/2009 12:21

Just bought in here no reason why the compoany is valued this low... results were great and the have just joined forced with CADENAS:



Huge upside here IMO, very undervalued... GLA

[daytraders] 01/5/2009 16:24

i just read through there final results again and they were brilliant, so why the fall i dont know.

[daytraders] 01/5/2009 15:58

if it breaks triple bottom its going down, it need to bounce off it.

[tyranosaurus] 01/5/2009 10:42

I could be back in if they drop to 12p before bouncing.

[peawacks] 09/4/2009 09:59

Reading this board is part of my research. I was interested in vero, but decided against it. I did not hold anyone responsible for anything. Thanks for the thought-provoking information Rainmaker.

[spec12] 09/4/2009 07:59

Always open to ideas from others, didn't you know this is what this website is all about ?

Never stick your head in the sand because soon you will only be able to talk out of your ass.

;0)

[silverfern] 09/4/2009 07:45

well Spec if your idea of DYOR is to do as others say you should on a BB, then good luck; you soon won't have time to post either.

[rainmaker] 09/4/2009 01:49

Thanks Spec,there's quite a few other spectacular situations I've highlighted as well. Nevertheless still digesting the Vero results but in the meantime just wanted to add the following comments.Exceptional items amounting to £445k for the amalgamation of the two UK offices and the reorganisation of China subsidiary + last deferred payment of £600k for the last three acquisitions have obviously created financial pressures without these they would not have breached their banking covenants.Fortis will not seek the immediate repayment which gives comfort.However ongoing cost savings amount to approx £500mln a year and it's obviously unfortunate that they are paying for them now before they start to derive the benefits.Take this with the fact that they will not have to make another £600k deferred payment obviously gives them plenty of headroom so I have absolutely no concern about their financial future.

Brokers WH Ireland were forecasting £1.9mln or 3.8p for the current year before the results and with Vero trading on a historic p/e of just over 5 times IMHO they remain substantially undervalued as some Investors have been quick to realise

regards