Workplace Systems Share Discussion Threads

[tovele] 15/6/2009 12:59

just bought 50k at 3.5

[mike_f] 15/6/2009 11:37

Taken from Trading update on 27th Feb:

WorkPlace continues to benefit from a strong Balance Sheet with no third party debt and with cash balances of over £2m. The Company remains cash generative.

[mike_f] 15/6/2009 10:15

Like this part of their June 2008 report:

Financial Results
Revenue for the year to 31 March 2008 was £10.8 million (2007:
£8.8 million). Gross margin remained high as in previous years at
97% (2007: 96%). Recurring Revenue received from Annual Use
Licences and Managed Services were £4.1million (2007: £4.0million)
and account for 38% of turnover (2007: 45%).
Profit from Operations was £1.1million (2007: £1.6 million loss).
An Exceptional gain of £112,000 also arose, resulting from the
profit on sale of certain of the company's freehold properties
less redundancy and associated costs for the US subsidiary
(2007: £594,000 charge relating to the group wide cost
reduction exercise). Investment Income amounted to £91,000
(2007: £92,000) and Profit before Tax was £1.3 million (2007:
£2.1million loss).
The tax claim for Research and Development amounted to
£230,000 (2007: £279,000).
Adjusted EPS was 0.90p (2007: 0.88p loss per share).
Cash Flow
Cash balances at 31 March 2008 were £2.7million (2007: £1.9
million). The increase resulted from proceeds of the freehold
property sales combined with a net inflow from trading
operations.
Dividend
The Board is pleased to confirm the resumption of dividend
payments and proposes a dividend be paid based on the results
for the year to 31st March 2008 of 0.2p per share (2007: nil pence
per share). The dividend will be paid on 2 September 2008,
subject to shareholder approval at the AGM, to shareholders
on the register at the close of business on 1 August 2008.
Outlook
Despite the recent deterioration in the macroeconomic climate,
we are encouraged by the progress achieved in 2007/08 and the
resulting momentum carried into the current Financial Year, both
in terms of forward revenue visibility from existing clients and a
strong pipeline of new orders. We remain cautiously optimistic
regarding both the Half-Year and Full-Year outlook.

Granted it was from June last year but they still have cash in the bank (Approx 2mill), could be good for a lift over the coming weeks. GL

[mike_f] 15/6/2009 10:03

Morning QUIN, decided to join you in here with a little. Saw the first little tick up this morning and could still buy for 3.5p so didn't want to miss the boat lol Hopefully the rises keep coming, been some good buying the last few days of trading. GL

[quinan] 13/6/2009 09:58

Morning all yesterday I sent an e-mail enquiring when the results would be, I have just received a comp slip in the post form Gavin at workplace saying they are on the 26Th June

I am very please in how prompted they were in responding, I may be looking to add more here in due course.

[addict] 12/6/2009 13:28

We're in the close period so no director buying allowed.Have taken heart from their pre-close buying some months ago and bought in myself believing the drop to be overdone.DYOR

[mike_f] 12/6/2009 12:34

One of them yes, nothing in here as yet, have a look at VERO. GL

[quinan] 12/6/2009 12:29

Hi Mike I have just been doing some research on WSI these are looking ripe for a turn round just got 40k is this the one you were looking at??????

[roorontev] 12/6/2009 12:12

Not yet IMHO.....Ive been here 7 years on and off....

Zinco

[mike_f] 12/6/2009 11:58

Why is this so low atm, what's the target? Time to jump in yet?

[addict] 10/6/2009 12:56

Soon be time to buy these methinks.£2m cash,still cash generative,director buying well above current price.Great recovery share IMO.DYOR

[patrith] 03/7/2008 11:41

Hi guys,

there is an interview of Barney Quinn of Workplace Systems on Trading Places on

Enjoy it

[andydenniscoates] 25/6/2007 10:05

I may have to jump in now once my next invoice gets paid! 30p incentive does look like a good encouragement.

Andy

[mo123] 20/6/2007 08:29

The US is still a little disappointing but co. has a large geographical base in which to expand.
New CEO seems quietly confident regarding the future growth/direction of the business. The granting of 10 million options, should the share price reach 30p, provides an excellent incentive for him to deliver.

[mo123] 19/6/2007 17:32

Results out tomorrow, will be interesting to see how the US is shaping up for expansion.

[andydenniscoates] 26/4/2007 10:37

This is looking tasty! I'm still keeping a close eye on it!
I'd like to see some more regular news before i take the plunge, but by the looks of it this could be turning around!

[dcs1kj] 20/4/2007 14:02

This whole thing is asleep, has been for a while.
It might wake up @ some point but no one really knows when :-)

[cambium] 20/4/2007 11:12

wot no posts yet!

[cambium] 18/4/2007 20:46

Ahead of the Announcement of the results for the full year ended 31 March 2007,
the Board of Directors of WorkPlace Systems International plc ("WorkPlace")
provides the following update on trading.


The Interim Announcement for the six months ended 30 September 2006 indicated
the Board's intention to return WorkPlace to profitability as soon as possible
under new CEO, Barney Quinn. This has been achieved with the results for the
second half of the Financial Year to 31 March 07 expected to show a small profit.
However, as a result of the losses incurred in the first half before changes
were implemented, Workplace will still report a loss for the year ending 31
March 07 which will be in line with the Board's previous expectations.


The turnaround was achieved primarily by the implementation of the cost
reduction exercise outlined in the Half Year Statement. In addition, the
business has been able to deliver the expected new sales in the second half of
the Financial Year. WorkPlace has traded profitably at an operating level since
January 2007.


New sales were made in both the UK and Europe in the second half of the
Financial Year with the Retail and Emergency Services sectors performing
particularly well. In spite of an increased focus on the North American market,
software sales are proving difficult. However, significant orders have been
obtained from key retailers in the US for consulting services through the LSI
Division.


The order book remains good at £2.0m going into the new Financial Year with
continuing focus on the expanding Retail and Emergency Services markets. The
prospective business pipeline worldwide remains encouraging and it is hoped that
the continuing WorkPlace investment in new product R&D will expand sales
opportunities still further.

The Company's Preliminary Results for the year ending 31 March 2007 will be
announced on 20th June 2007.

[cambium] 18/4/2007 20:45

Great report today noting....WorkPlace has traded profitably at an operating level since January 2007.

They will show a loss in the Company's Preliminary Results for the year ending 31 March 2007 which will be announced on 20th June 2007.

Altium have a 10p target

[andydenniscoates] 22/1/2007 16:31

Im pretty sure this is one to keep a close eye on. With the appointment of Mr Barney Quinn, it appears theyr e looking to turn things round. Also the invested interest helps! If it supports at this level things may be happening! IMHO!

Andy Coates

[p-m] 02/1/2007 13:02

I cleverly sold out just before it doubled. It is hard to avoid profit like that !

[biltongboy] 23/12/2006 01:10

i'm out! phew!

[mo123] 19/12/2006 16:04

Nice buy by new CE. Rest of the year may not be that good but broker forecast of 0.8p for next puts the shares on forward P/E of only 5.