Workplace Systems Share Discussion Threads

[mudbath] 11/12/2009 19:01

The metamorphosis of WSI away from a customised software solution provider towards configured solutions is of course being achieved under the guidance of Barney Quinn who was one of the directors behind the similar massively successful change of focus at SSP and Sirius before their being taken private.

[ravel morrison] 11/12/2009 12:59

Yes good job...

Kinco

Bloody hell I've just noticed I've been trading these on and off for 6years.....

[firth] 11/12/2009 12:57

Nobody could accuse you of skimping the research. Its just a little matter now of coming to fruition. I have been busy buying some more ,[holding 155,000] had to pay top wack again 8.5p. Spent £4k of my capital gain allowance in the process. Roll on the results I want to see if you are right re the USA new client!!!! Thanks for sharing your labours.

[mudbath] 11/12/2009 09:21

I have neither dwelt upon,YET,the effect upon profitability,should WSI maintain its momentum in the huge North American market;nor the potential for WorkPlace to go fully global,once its multi-language version of OnLine is released.With profit margins running in excess of 80%,the effect of any surge in revenues is going to have a startling effect on WSI's bottom line.
Pleased to note that the share price has,for the moment at least,resumed its upward trajectory.

[mudbath] 10/12/2009 20:09

Hello firth.
Remember this is only my personal view.
It is a rare occurrence for me when shares in a company present themselves as being exceptionally under priced without carrying a raft of accompanying potential weaknesses,however minor these might appear.
In the case of Workplace Systems International,the positives totally outweigh any known weaknesses or threats .Indeed any downside risk that WSI might encounter would impinge on any company;for example the potential for the future to hold the threat of litigation,the emergence of a superior competing product etc.
Workplace is coming to the end of its third quarter.We know from earlier reports that demand for WSI's software is gathering speed in the US,Europe and GB.Delayed and deferred contracts to invest in WSI software are now also being resurrected.
The current problems besetting world trade on both a global and national basis mean that companies are focusing ,as never before,on maximizing the productivity of their human resources.
Workplace S.I. do have world leading software solutions to enable these companies to achieve their staff efficiency targets.
Whilst 2010 results are going to demonstrate strong profitability being generated in the final six months;the market does not yet appear to be contemplating just how impressive is the potential for the April 2010/2011 trading year.
My view is that EBITDA in that period will exceed £3
million,based on a return to normal trading patterns,on benefiting from the removal of £1.5 million from annual overhead costs and MOST IMPORTANTLY on the potential for WSI's new SaaS offering WorkPlace OnLine to generate significant new annual and recurring revenues.
WSI is adopting A VERY LOW KEY APPROACH in communicating to the market,the dynamic response that it is receiving,not only from its business pipeline prospects,but also from companies not even formerly considered as potential users.Indeed we are still awaiting details of the tier 1 US customer despite roll out being almost completed.
The SaaS offering can be discussed in greater detail once further information becomes available.
In the meantime I am looking forward to WSI issuing a nine month trading update.At that time Edison's will re-assess their forecasts for WSI whereupon it is probable that the share price will start to more reflect the probability that WSI is about to significantly exceed current expectations
Hope this dispels a few doubts for you firth.
I am certainly putting my money where my mouth is and I sleep easily on a night!!
Cheers
MUD.

[firth] 10/12/2009 18:23

Been in again today Mudbath for another 37000. TDW done me no favours 8.25p
The million dollar question for me do I go in again 'Big Time'. I know you are talking this up , but I know you talked Redhall up 3 years ago when 37p. You were right then,and if you are right again I might end up giving myself a big kicking if I stop now. Convince me once and for all to get the 'big guns'out,and clear my head of 'negatives'

[mudbath] 09/12/2009 20:11

It appears that the new US retail client has over 4,200 outlets.This narrows the field considerably.
Although not quite fitting the criteria,possibly Kroger Inc.will emerge as the client.
Kroger's today announced quarterly losses of US$874million on revenues of over US$17 billion.
They are North America's largest grocery retailer,employing 326,000 staff.
Including subsidiary companies their total number of stores is circa 4,250.

Putting two and two together Kroger's could well be WSI's breakthrough tier 1 customer for its new SaaS product "WorkPlace OnLine".

If I am correct,the impact on WorkPlace revenues and profitability in the current 6month accounting period and beyond will be very substantial indeed.

WATCH THIS SPACE.
WATCH THE SHARE PRICE.

[mudbath] 08/12/2009 20:33

Well done firth.
Good luck with your investment!!
Try putting a limit of 7.75pence on your buy orders.There are plenty available at that price.
SO;-
Who is the major U.S. company that WSI has added to its client list.?
The candidates appear to be(in order of revenues)with over 3000 outlets and within the top 100 U.S.retailers :-
1...WallMart...7262 stores
2...Kroger.....3662 stores
3...Walgreen...5977 stores
4...Sears......3860 stores
5...RiteAid....5120 stores
6...McDonalds..31377stores
7...GAP........3167 stores
8...7-Eleven...6100 stores
9...YumBrands..35000stores
10..Dollar Gen.8222 stores
11..Starbucks..15011stores
12..GameStop...5264 stores
13..Family $...6400 stores
14..AutoZone...
15..Blockbuster
16..Advance Auto Parts
17..RadioShack
18..Dollar Tree Stores.
My shot in the dark is.........KROGER's.!!!
All the rest are PROSPECTS !! SEVERAL ARE ALREADY IN THEIR BUSINESS PIPELINE.
WSI are to be paid a set amount EACH YEAR,for each employee tracked by the software.It will be interesting to establish their headcount once we have a name.

[firth] 08/12/2009 13:21

it does indeed. I have put my foot in the water this am and bought 37000 for starters.

[firth] 07/12/2009 20:17

Well Mudbath you seem to be the chief 'cheerleader'. I remember you from 'Redhall' around 37p so I have to take it seriously. What do the company do to make money? How old is it? What happened to the business to stop the div! Was it managment error or just bad luck? They have cut costs I see ,but other companys are doing the same and they are not expecting their share price to double in 6 months? Have they got a niche market to exploit,if so does that include world wide?

[mudbath] 07/12/2009 18:43

AT 7.5 PENCE WSI IS CAPITALIZED AT JUST £11MILLION

IMO a return to a 12/14 pence level within 6 months seems a cautious projection.This could be a precursor to a serious upward re-rating;the potential scale of which should become more visible once we have sight of the March 2009 final accounts.

In the meantime any significant positive news flow is likely to have a disproportionally beneficial effect on the share price

[mudbath] 05/12/2009 16:31

CHARTS
"Chicago, IL., December 20th 2010 - WorkPlace Systems, the leading provider of Software-as-a-Service retail workforce management solutions is seeing a DRAMATIC INCREASE in the adoption of its WorkPlace OnLine solution. Retailers are starting to recognize both the commercial and financial benefits facilitated by SaaS and are favoring it over the deployment of the traditional on-premise model.

WorkPlace Systems has seen an increasing demand from retailers for SaaS workforce management and has already implemented WorkPlace OnLine for retailers in the US, European and Australian markets."



WorkPlace Systems plc is a world leader in the development and supply of software products and of consulting services for all aspects of workforce management. WorkPlace software modules address all areas of staff planning and staff tracking together with all aspects of planning and tracking of the work done by staff including resources required for most industry sectors. Major application modules cover: Labour Budgeting, Workload Demand Forecasting, Task Management, Staff Scheduling, Roster Management, Time and Attendance, Work Planning and Tracking, Performance and Productivity, Mobile Working. WorkPlace Systems has its headquarters in Milton Keynes, England and has additional offices in North America. A cross section of clients include; Astra Zeneca, Argos, BAE Systems, BBC, Danish Radio, E.ON Energy Services, Eurostar, GE Aviation, Hoover Candy, Metro Group, Motorola, National Express, Next plc, RAC Motoring Services, Severn Trent Water, Tetley,Walmart and World Duty Free. WorkPlace products are at the forefront of technology with more than 40% of staff permanently involved in research and development. All products are web-enabled with core database technology based upon Oracle, SQL Server and DB2. Access to the system is flexible allowing real-time data entry and enquiry facilities to office-based and remote staff using traditional PCs, PDAs (Personal Digital Assistants), wireless PCs, cellular telephones, web devices and badge-reading terminals. In addition to the supply of standard software, modifications and customisation are undertaken for major customers particularly where this adds enhanced features or reports to the standard products. WorkPlace Systems� staff have a particular expertise in practical Workforce Management methods including annualised hours, flexible working schemes, forecasting and optimised scheduling. These innovative Workforce Management methods are being adopted increasingly both in the UK and internationally, facilitated by WorkPlace software modules and expertise.
I.S.Research .Dec 2010 .Investment note:-"..this is starting to feed through into the shares which have gone up by a third in last few weeks (confounding our rather conservative short term expectations). Given the clear evidence of emerging success in the SaaS strategy, we expect continued outperformance and, putting the shares on an appropriate premium based on 2012 earnings would imply another 50% upside from here over the next 12 months

3 DEC 2010.WSI Forward looking statement"...actual orders taken since
mid September and an excellent pipeline of SaaS deals from large multi-site
organisations in all three geographical regions in which the Company operates
means that the Board is confident in the Second-Half performance and in the
medium-term growth and profitability of the business."
July 1st 2010
INFOR's TASK MANAGEMENT module -POWERED BY WSI TECHNOLOGY-is the most sought after business software across global retailing in 2010.(Source INFOR).

WorkPlace Systems is also revolutionizing the US WFM market with its SaaS model which includes; Labor Forecasting, Labor Scheduling and Time & Attendance. This solution already has over 100 customers across Europe, Australasia and North America,including WALMART.

[quinan] 29/6/2009 08:53

TIDMWSI

RNS Number : 6521U
Workplace Systems International PLC
29 June 2009

?
29 June 2009
WorkPlace Systems International PLC ("WorkPlace" or the "Company")
Directors' Shareholdings


WorkPlace was notified on 26 June 2009 that on that day Paul Wright and Alex
Davis, both directors of the Company, each purchased 250,000 ordinary shares of
5 pence each in the Company at a price of 4 pence per share.


Following these purchases, Paul Wright is interested in 680,000 ordinary shares
in the Company, representing approximately 0.46% of WorkPlace's issued share
capital. Alex Davis is interested in 653,300 ordinary shares in the Company,
representing approximately 0.44% of WorkPlace's issued share capital.

[tradermania] 26/6/2009 20:16

waqs this really £4? Why have they not performed for so long? Have they diluted the stock? Why will it be different this time?

[quinan] 26/6/2009 17:07

I would suspect they are directors buys? Have a good weekend

[mike_f] 26/6/2009 16:41

Couple of large buys end of play, could be an inetesting week next week for this share.

[quinan] 26/6/2009 13:29

Ok mike will do

[mike_f] 26/6/2009 12:29

QUIN, have a little look at IRGP, not my normal sort of share and let me know what you think! Hope this starts coming good for you.

[quinan] 26/6/2009 07:30

Morning all well just pulled out the positives and negatives, the negatives IMHO are already priced into the share price and we are now at the bottom, the company is debt free and has cash of GBP2.3m plus with all the recent restructuring they can ride out the current turmoil in the financial markets.

This looks to be a recovery stock with more emphasis now placed on moving into profit next year, plus the move to expand into the online sector means more diversity.

The Company remains debt free and, in spite of the downturn during the 2009 Financial Year, has maintained its cash balances above GBP2.3m. In the current and anticipated economic climates, the Board believes that this places the Company in a sound financial position and will create competitive advantages over a number of our highly geared competitors.

Outlook
Despite the UK and international recession and the impact that it continues to have on many of the sectors on which the Company focus, there have been recent signs of activity driven by an easing of the budget constraints that were evident throughout the previous six months. Whilst it is too early to predict a
recovery, the internal restructuring carried out by the Board in the third quarter together with the anticipated contribution of our new products, in particular WorkPlace OnLine, provide the basis for cautious optimism for a recovery in 2010 and growth in the future.

Cash Flow
Cash balances at 31 March 2009 were GBP2.4 million (2008: GBP2.7 million). These balances were held on short term sterling deposits.

Direction
As we enter the new financial year the Company is seeing new projects initiated by organisations in all sectors in which WorkPlace is active. However, the market is now dominated by a low or limited capital spend attitude which is why, the Board has added to our investment in the SaaS solution WorkPlace OnLine. We have already made four sales of WorkPlace OnLine since the year-end.
Due to the nature of the sales model to provide ongoing recurring revenue, the benefits will be seen in the second half and beyond. We have also made a new name sale of StaffPlanner and a number of client upgrades.


Negatives
The global change in business conditions from October 2008 was so sudden it made it challenging to plan and react to such a rapid slowdown in demand. Our clients and prospects "kept their hands in their pockets" resulting in WorkPlace becoming loss making in the second half and undertaking a cost cutting exercise, which was concluded in February 2009, to reduce the total cost base by an annualised GBP1.4million and reposition the Company for the uncertain economic climate.


As the year ended the Company continued to focus on cost control and sales
activity, working very hard to win business. Our great strength during this
difficult period is that we continue to have no debt and a strong cash position.



The loss from operations was GBP480,000 (2008: GBP1.1 million profit). An exceptional loss of GBP1.98 million arose from the GBP480,000 cost of restructuring and associated redundancy costs in the UK and US operations together with a provision of GBP1.5million for the impairment of consolidated goodwill that had arisen on the 2005/6 acquisition of LSI. This latter provision was a non-cash item and reflected the Board's view that the carrying value of
the original goodwill had diminished in the light of the change in the company's direction since 2007 to concentrate on software implementation and the integration and sale of software solutions in the US markets. Finance income amounted to GBP90,000 (2008: GBP91,000) and Loss before Tax was GBP2.36million
(2008: Profit GBP1.3million).

[quinan] 24/6/2009 14:16

Well results out Friday so hoping for a move off its bottom, I would say all the negative news about not hitting market expectations should be priced in any news on current and future contracts should move us?

[quinan] 16/6/2009 13:14

Yes strange it had no impact on the share price but yesterday we went up on only 193k of buys and they was another 500k what looks to be a sell??? Could it be a seller has finished or are they buys at mid price????? Any way I think we might have an RNS clearing that issue up.

[mike_f] 16/6/2009 12:48

Wooaahh, that is some sell that just came through QUIN...

[quinan] 16/6/2009 11:06

Morning all well just nabbed another 40K but it has not shown up yet

[quinan] 15/6/2009 15:23

Hi Mike yes this looks quite good, it will be interesting seeing the results on the 26th we know they are not going to hit market expectations but that's priced into the share price well IMHO its been over done. Any sign that there is a pickup then we should move forward PDQ.