Workplace Systems Share Discussion Threads

[ravel morrison] 08/4/2010 12:25

Mudbath,

I think patience is the key for this investment. I'm taking a 12-18month view.

Oh dear i remember saying them exact words 7 or 8 years ago,hopefully as Del would say 'This time next year Rodney'.....;-))

[johnb5] 08/4/2010 12:19

Mudbath,

I think patience is the key for this investment. I'm taking a 12-18month view.

Although the company has been around a long time I think the products that it has invested in recently will be company making. The market will start to take notice after a few more contracts wins.

Reading the last trading update 2010/2011 should be an interesting year and I'm looking forward to further updates based on the statement below.

"In addition, the Company maintains a substantial and growing pipeline of new business in the US, Pacific and Europe and remains confident of its ability to win significant business during the Financial Year ending 31 March 2011 with the new SaaS product, OnLine, and through its new Task Management Distribution Partner in the US."

[mudbath] 08/4/2010 12:08

I hope WSI performs well for you johnb5.
There does seem to be huge potential for Workplace Systems to move out and away from its current micro-cap status.
After all,if a tiny company,now with at least two industry leading solutions, cannot capitalize on its success,then there is little hope for the rest of the sector.
Barney Quinn has already seen it and done it with SSP,resulting in HUGE revenue and profit increases at that now privatized company.
Now operating as CEO,he will sincerely wish to replicate that success at WSI.
Apparently there is EVERY chance that he will do so.
Mud.

[johnb5] 08/4/2010 12:03

Do we know who the tier 1 retailer is?

[johnb5] 08/4/2010 11:50

Dipped my toe this morning.

Ticking up on about every buy MM's short of stock.

Will continue to add as things develop.

Find it intriguing that directors own more than 50% of the company.

[mudbath] 08/4/2010 11:15

Ravel Morrison.
Thanks for the interesting information.
Anorak Lenigan and Mercurial Barnaby are building up into a formidable team.
The rest of the Directorate seem to be pulling above their weight too.
Long may it continue.
Mud.

[ravel morrison] 08/4/2010 10:56

Gulp it was 5 years ago......I think these are properly what your broker is revering to....;-)


For the 12 months ended 31 December 2004, LSI had turnover of $2.4 million and a profit before tax of $169,000. Net assets as at 31 December 2004 were $274,000.

On the basis of the closing price of a WorkPlace Ordinary Share on 16 September 2005, LSI is being acquired for $6.0 million (#3.3 million)*. The consideration is being satisfied as to $5.4 million in cash on completion and the issue of three million WorkPlace Ordinary Shares as follows:


On completion 1,000,000
On 31 March 2006 500,000
On 30 September 2006 500,000
On 31 March 2007 500,000
On 30 September 2007 500,000


The vendors of LSI have undertaken to WorkPlace that they will not dispose of any WorkPlace Ordinary Shares issued to them for a period of two years from the date of issue. Application will be made to AIM for the shares issued on completion to be admitted to trading on AIM.

The board of WorkPlace believes that the acquisition of LSI will complement WorkPlace's business in two significant ways:

[ravel morrison] 08/4/2010 10:41

Thats makes sense i remember a deal done a year or two back that involved the seller receiving a load of stock which came with a tie in,i'll go see if ive got the details somewhere.....;-)

[mudbath] 08/4/2010 09:49

I am posting a link to an independent review of WSI's market place and competing products provided by Gartner,which mentions certain of Workplaces NEW customers.
Infor's "Workbrain" would seem to be the main competitor to WorkPlace OnLine,so it must be a possibility that Infor will adopt this technology in addition to the Task Management.
Gartner also shed some light on revenues,suggesting between US$1million andUS$500,000 for larger clients ++20% additional maintenance.
My broker tells me that the stock to satisfy current demand for WSI shares is coming from a USA holder.

[mudbath] 07/4/2010 20:36

Another take on the Infor/WSI partnership.

Infor Offers Add-on for Workforce Task Management

Infor | January 29, 2010

Infor has made generally available a new retail task management add-on for users of the Inform WFM Workbrain. The application helps retailers to simplify global workforce policy implementation while maximizing workforce efficiency. The new task-management capabilities help users to streamline communications and data exchange between retail locations and corporate headquarters. It also helps to speed up the deployment of in-store tasks, with built-in efficiency mechanisms such as timers and feedback solicitation. The module is built on technologies from WorkPlace Systems, an Infor partner. It can be purchased and installed separately, so that retailers get only the capabilities they need at any one time. The Task Management module is split into two functions, Store Communications and Store Execution. The former provides a direct data link between headquarters and each retail location. Store Execution aids in the management of projects and tasks, tracking and reporting on their status while balancing workloads across each location to prevent conflicts. Projects can be broken into component tasks; in-built workflow controls distribution, timekeeping and escalations when tasks are not completed within established timelines.

Infor's Manifesto: At Infor, we work with a core belief. We believe in the customer. We believe that the customer is seeking a better, more collaborative relationship with its business software provider. And a new breed of business software: created for evolution, not revolution. Software that's simple to buy, easy to deploy and convenient to manage. Our 70,000 customers in more than 100 countries and 8000+ employees stand with us. We look forward to your sharing in the results of our belief. There is a better way. For additional information, visit www.infor.com.

BUT-A note of caution:-
"Infor's announcement at NRF presents retailers with an alternative for task management. However, because the module is unproved in a scalable, mainstream retail environment, it may not be comparable to other solutions already in use by Tier 1 retailers."
(Source Gartner-see next post)

[mudbath] 07/4/2010 19:08

Indeed we did do well battlebus.
My view is that the trading statement was meant to weaken the S.P.,therebye enabling Paul Wright and potentially other directors to buy at advantageous levels.Unfortunately for them,we WSI bulls were not deterred and accordingly mopped up every share available at 8 pence and under.
With the results due in 2 months,I am surprised that Wright's purchase did not infringe close period guidlines.

"A close period is a period, usually of two months, prior to the release of results during which directors and other insiders are not allowed to trade in a company's shares.

It is also usual for companies to refrain from making other price sensitive announcements (e.g. trading statements) during the close period. This is not required, but it is usually regarded as good practice.

Many companies issue a trading statement immediately before the start of the close period so that investors have information that is as up to date as possible during the close period.

It is always possible for a company to be overtaken by events and put in a position that makes it necessary to make an announcement during the close period."

Weird.

[battlebus] 07/4/2010 18:02

His average buying was at 8.25p so didn't we do well!

[mudbath] 07/4/2010 17:56

Ravel Morrison
Well done on being first with the news, yet again.
A very encouraging RNS it is too.
WSI, as is their wont,have not yet updated their site.
One of these days the share price will start to motor, as their does appear to be much catching up needed,if the market cap is to reflect even the current year prospects.
Mud.

[ravel morrison] 07/4/2010 15:57

Someone else thinks this is cheap too....;-)


RNS Number : 8421J
Workplace Systems International PLC
07 April 2010

?
7 April 2010
WorkPlace Systems International PLC ("WorkPlace" or the "Company")
Director's Shareholding

WorkPlace was notified today that the Self Invested Personal Pension of Paul
Wright, a director of the Company, purchased on his behalf 206,412 ordinary
shares of 5 pence each in the Company in aggregate in separate purchases between
1 April 2010 and 7 April 2010 at an average price of 8.25 pence per share.

Following this purchase, Paul Wright is beneficially interested in 886,412
ordinary shares in the Company, representing approximately 0.60% of WorkPlace's
issued share capital.

Enquiries:

WorkPlace Systems International PLC
Paul Wright, Chief Financial Officer
Tel: 01908

[mudbath] 07/4/2010 14:20

selurz-Tough titties mate.(yet pay heed to guru Masurenguy)

Going back to OnLine.
Should the new Tier 1 client be Kroger's,then WSI have stated that the cost of the licence to utilise OnLine will be based on the number of employees covered.On the basis of charging just£1.00 per year per employee this would give Workplace a recurring revenue of £375,000.Multiply this NOMINAL PRICING figure a few times for the multiplicity of NEW CLIENTS and the scale of the potential for WSI to generate eye watering annual recurring revenues becomes apparent.

Mud.

[masurenguy] 07/4/2010 14:13

Try putting a limit order through your broker - I often find that I can get shares this way that an instant online or phone transaction cannot acquire. This is an illiquid stock and when I bought my intial holding last week I had to go that route to overcome the limited number of shares quoted as being available at that time.

[selurz] 07/4/2010 14:07

Halifax share dealing it limiting me to 1500 shares to top up...

Shame!

[mudbath] 07/4/2010 09:37

Hope so battlebus !!
Forgive me for re posting this item about INFOR.
Bear in mind they are NUMBER ONE in the world for providing software solutions to ALL THE TOP GLOBAL RETAILERS.
Also it is not a self serving press issue by WSI.They have not even named Infor as a partner yet.

"NEW TASK MANAGEMENT DISTRIBUTION PARTNER".


Gives Retailers Easier, More Flexible Path to Global Workforce Task Management
Company Adds New Advanced Functionality to Infor WFM Workbrain through Partnership with WorkPlace Systems, Introduces Modular Framework Enabling Retailers to Adopt at their Own Pace
ATLANTA - Jan 11, 2010

Infor today announced general availability of a new retail task management add-on for users of Infor WFM Workbrain www.infor.com/workbrain. Infor will be demonstrating the new functionality at booth #2337 at the National Retail Federation conference beginning today in New York City.

Infor WFM Workbrain is the most widely deployed workforce management (WFM) solution in retail today, designed to help retailers simplify global workforce policy implementation, maximize workforce efficiency and ultimately achieve higher sales-per-labor-hour.

"The retail industry has been and continues to be a top priority for Infor, and we take the needs of our more than 2000 retail customers very seriously," said Sandra Rousseau, director, Solutions Marketing, Workforce Management, Infor. "Those customers have made it clear that task management is at the top of their 2010 IT to-do lists, but they need solutions that adjust to the way they do business, not the other way around. By using a modular framework and partnering, we are bringing advanced task management capabilities to market faster than otherwise possible, with the most flexibility we've ever offered in the Workbrain suite."

The new task management capabilities enable streamlined task-related communication and data exchange among retail locations and corporate and/or regional headquarters. The functionality enables faster creation and deployment of in-store tasks, with built-in efficiency mechanisms such as timers and feedback solicitation, helping ensure execution consistency.

The task management module is powered by technologies from WorkPlace Systems, an Infor partner. The module can be purchased and installed separately, giving retailers the flexibility to add only the capabilities they need when they need them, with less disruption to their established business processes.

[battlebus] 07/4/2010 09:23

Mudbath if you have pooled some of your investments here you are looking good buddy.

[battlebus] 07/4/2010 09:15

Sorry Jakleeds typing error edited. You wouldn't get 810000 for 9p that's for sure!

[jakleeds] 07/4/2010 09:12

81,000 mate

[battlebus] 07/4/2010 09:10

SOMEONE HAS JUST PAID 9P FOR 81000.

[battlebus] 06/4/2010 14:38

Well a little movement today Mudbath i should have spoken a little sooner.

[mudbath] 05/4/2010 17:24

You are a star, fingers.Thank you.
PUGUGLY,thanks for yor response.Are you a holder?
Mud.