Workplace Systems Share Discussion Threads

[broomsticks] 24/9/2011 23:10

mudbath et al,

Thanks for your posts,

I haven't been around for a while so well behind the curve here and need to catch up although it doesn't look as if I have missed much. I still hold a few, very few, shares and am still interested in the concept and application of time and labour management when as I have said before, it has an alliance to the mechanics of sport.

I'll try to keep-up now.

[battlebus2] 01/9/2011 17:12

Lets hope so Mudbath. No i haven't vanished though mrs Battle would love me too i've been following other shares as i sold my holding here down to 25k when we hit 15p. By the way i'm adding again that 30p certainly is possible in the months ahead.

[mudbath] 01/9/2011 09:10

hi battlebus2;thought you had disappeared into the ether.
Today's RNS certainly contains uplifting news of progress.
More is needed,yet perhaps,at last,we are on the way towards that 30 pence initial target.
mud.

[battlebus2] 01/9/2011 07:55

Yes makes great reading. Momentum at last?

[bluefunk1] 01/9/2011 07:53

This latest update sounds more positive:

WORKPLACE SYSTEMS INTERNATIONAL PLC

WorkPlace OnLine SaaS Solution Receives Major Orders Boost

WorkPlace Systems International plc ("WorkPlace" or the "Company") is pleased to announce new agreements for its WorkPlace OnLine SaaS solution. Orders have been received from five new clients operating in the Retail sector.

These orders include a significant UK Retail client with more than 1,600 outlets, a North American Retail client with more than 5,000 outlets and a major Dubai Retailer.

The Company is also pleased to announce that an existing On-Premise client of WorkPlace, Rank Group Gaming Division Limited, has contracted to install WorkPlace OnLine following a successful pilot. This is the first major On-Premise WorkPlace client to roll out the OnLine SaaS solution.

The combined orders represent some GBP1.2m of annual recurring revenue when roll outs are completed.

In addition to the nine pilots previously announced, the Company can also report a further two SaaS pilots from major UK retailers.

"The success of WorkPlace OnLine is now being clearly shown in the UK, North America and the Middle East," commented Barney Quinn, CEO of WorkPlace.

"We believe that the Company's early investment in the Workforce Management SaaS field is beginning to pay off and that the WorkPlace OnLine SaaS product leadership augurs well for the Company's future through its corresponding long term revenue stream."

[mudbath] 24/8/2011 16:19

Investors must be concerned that the revenue streams from Infor do not seem to have materialised ,whilst at the same time,the Walmart contract is not yielding the net profitability levels that we might have expected.New contracts are difficult to secure with any signed off most probably at negotiated down margins.
Further significant progress,needed to justify the current market cap,might just prove more difficult to achieve than anticipated.

[mudbath] 10/7/2011 10:51

Talking to Barney last Friday,he observed,with a grimace, that "scale" was proving particularly difficult to achieve.
Altium's latest snapshot therefore encapsulates the present scenario only too well.

[mudbath] 05/7/2011 10:48

The accounts were reassuring,indicating that WSI hopefully is about to generate those additional revenues so necessary to justify the current market cap.Should revenues rise by £2.4million in the current year,generating a net profit of say £2million,then this would underpin the current valuation,even though achieving such an increase in scale will be no shoe in.Should it become evident that this target is however a stepping stone for further significant rises in revenues and profitability then 30pence per share could become the platform for a further rerating.A sound if unspectacular investment then.
The firework display could of course arrive at any time should WSI shed its independence.
The current share price performance bodes well,particularly as it remains possible to sell large quantities of stock within the rising price quote.

[firth] 04/7/2011 16:44

Great to see some upward movement in the share price today. Waiting to see what 'Mudbath' makes of the results. He has had a life time looking at accounts as a banker.

[firth] 23/5/2011 12:02

I will drink to that!!!!!

[mudbath] 23/5/2011 10:18

Workplace Systems was incorporated on May 1st 1986.
Their quarter centenary year is therefore underway.
Let us hope it is one of strong progress.

[broomsticks] 12/5/2011 13:51

I can't think of any other word to describe this company except COY, come on Workplace Systems your shareholders need some PR information.

aimo,dyor

[mudbath] 20/4/2011 14:30

Can't help you on that one broomsticks.
As regards the current SP,my view remains that WSI will manoeuvre all that is good into its quarter centenary year.
Whilst we have little to go on at present,I remain deeply optimistic in respect of WSI's prospects and its maket cap over the coming 12 months.

[broomsticks] 20/4/2011 12:51

Unfortunately, it looks like it mudbath but I would rather see the share price at your projected figure of 17p.

Has Infor been successful in the bidding for the acquisition of Lawson Software, if there has been an announcement I have missed it, but according to Bruce Richardson of Infor in an article posted on 18 April 2011.

"We also have a brand new suite of human capital management applications that will push us deeper into collaboration and social networking. "

I wonder which social network/s will be targeted.

[mudbath] 12/4/2011 08:52

Although the WSI share price presently looks becalmed,the MMs' are happy to take 100,000shares within the spread,so it's not too illiquid.
IMO,the next 12 months are when WSI must announce vibrant progess in revenues.
We might of course see sector consolidation within this timescale,in which event its game over.
The cautionary trading update was however particularly deflating for me and the SP, when compared to their earlier update eulogising over the "dramatic increase" in the take up of their SaaS solutions.
Broomsticks,you were not too far out with your 12 pence projection.My view is that the forward looking statement,accompanying the prelims,will move the WSI S.P. into the 17pence ++ region.

[broomsticks] 22/3/2011 14:33

Imo what Workplace Systems needs now is for infor and Golden Gate Capital to win the bidding battle for the acquisition of Lawson. Infor does not have a full Human Capital Management (HCM) suite and acquiring Lawson goes towards remedying that situation and at the same time it will build on WorkBrain's customer base, so more revenue for Infor and more maintenance revenue for WSI.

[mudbath] 22/3/2011 09:01

Will we ever reach the promised land?
TRADING UPDATE :-
"WorkPlace Systems International plc ("WorkPlace" or the "Company") today announces that it will not meet current year market forecasts due to delayed finalisation of orders in the second half of the Financial Year ending 31 March 2011.

However, the Company has returned to profitability for the second Half Year following the losses incurred during the first half of the current Financial Year.

In the UK and Europe, the Company has won new projects and continues to run a number of pilots for major retail and leisure groups which are now expected to conclude during the first half of the next Financial Year.

In Australia, which leads in SaaS adoption, WorkPlace has won orders for its OnLine SaaS solution from major Stadium Management, Retail and Security companies.

Further orders for the expansion of its SaaS solution in the US have also been achieved.

With the continued rise of SaaS acceptance by companies throughout the world, the Company believes we are very well positioned to take advantage of this market dynamic going forward. WorkPlace maintains a substantial and growing pipeline of new business and remains confident of its ability to win significant business during the Financial Year ending 31 March 2012 with its maturing SaaS product, OnLine.

WorkPlace continues to benefit from a strong Balance Sheet with no third party debt and with cash balances of approximately GBP2m."

Certainly we will;just not quite yet.

[broomsticks] 13/3/2011 00:15

Infor is back on the acquisition trail having made an offer for Lawson Software Inc which counts Carl Icahn amongst its largest investors. To be honest I'm not sure whether that is a good or bad thing.

[mudbath] 06/3/2011 09:26

Probably the best place to keep up to date with WSI progress is James Freshwater's Linkedin profile:-

"2009 - Heavy pre-sales involvement followed by direct strategic and tactical leadership of the implementation team that delivered a SaaS scheduling solution to the World's largest retailer in record time. Following a victorious competitive pilot in 99 stores for 8 weeks the solution was then rolled out to 4000+ stores in less than 90 days.

Direct line management of c.20 Professional Services staff.

• Managing the world's largest multinational WFM software implementation to date.

• Software modules deployed across 31 countries (Europe).

The Walmart Pioneer Award - December 9th 2009.
In Recognition of Ground Breaking Leadership (For Vision, Ambition, Courage, Creativity and Overall Influence to the success of the Health & Wellness Scheduling Rollout).
Never before awarded to a non-Walmart associate."

And which,interestingly was also awarded to Brad Nelson of Walmart

"About Brad Nelson
2009 Piloted Pharmacist Scheduling software program.2009 Trainer for National rollout of Workplace Scheduling software."

[broomsticks] 24/2/2011 21:49

Anything is possible mudbath because Quinn plays the long game and he's younger than Lenagan.

Food for thought.

[mudbath] 24/2/2011 19:04

Well that's Barnie Quinn's future mapped out then broomsticks.

1. Oversees the takeover of WSI @ 70pence++.
2. Brings Becrypt to the market.
3. Pockets two shedloads of cash in the process.

Pity Becrypt is not a subsidiary of Workplace Systems !!
All imo,naturally.
Mud.

[broomsticks] 24/2/2011 12:04

mudbath, As you say WSI's CEO Barnaby Quinn is someone worth watching. Becrypt Limited has just been granted the trademark Becrypt by the United States Patent and Trademark Office (USPTO). The application was filed on 2 September 2009 and licensed on 15 February 2011.

[battlebus2] 21/2/2011 21:25

Hope so Mudbath but as you say it's looking strong again. Trading update in a few weeks.

[mudbath] 21/2/2011 21:17

First time for a week or two that it has not been possible to buy WSI stock at sub 14pence.Possibly this heralds the sharp upturn that surely lies ahead.

[mudbath] 14/2/2011 21:13

Liontrust Investment Services are obviously sufficiently impressed by WSI's more recent progress to be rebuilding their holding;having earlier sold around 4 million shares when the price languished in the 4-8pence region throughout 2009.

They now hold 19,209,887 or 13.03%,being just shy of their peak holding of 19,338,918.

WSI shares could well be on the cusp of another strong rise.