I bought shares in this company at 4.5p in September 2003. I see they are rising. Can anyone tell me please the growth potential for this company as they have just been awarded several new contracts ?

Any indication/prediction of when the results will be put out ? - thanks

Last year was end of May, I think

Middle to end of March I think.

Managed a bit of topping up this morning at 11.74p. These get tucked away for the medium to long term. For those getting bored waiting there will be news out soon.

Happy to watch - when you say the "news out soon", are you referring to the imminent results?

10p next stop, 10p gives back to 5p. On a long term view they maybe cheap.But short term there is very little support. And being a micro cap market is not particularly bothered. Minor Resistance would have now moved from 14.75p to 12p. Will soon need 50% upside to break major resistance at 14.75p. Point and figure shows continued weakness to the downside.

jfletendre - There is the matter of impending results, not too long to wait for those. I was rather hoping for a announcment on new sales to show us all what they have been using their rights issue cash on?

Good opportunity today to top up, along with everyone else by the look of things!

Good article taken from another board, worth posting onto here


Citywire Tip: exchange is no robbery at CMS Webview
Published: 07:24 Tue 2 March 2004
By Joanne Wallen, Associate Editor
Email to a friend | Printable Version


CMS Webview is a rare breed of company these days, it is a tech company valued currently at 9 million but which should be poised for bigger things and which has attracted an AAA-rated fund manager into its recent placing.

The company originally spun out of the Liffe commodities exchange in 1982 and, following a management buyout in 1997 floated on AIM in 2000.


Unlike so many dotcom companies, CMS Webview (CWV) raised only 2.5 million, which enabled it to fulfil its initial vision of developing software to collect data from multiple feeds, aggregate it, put it into a common format and send it out in real time to end users.


Due to its heritage, the initial targets for this software were commodities exchanges, and, one of the key reasons that the company was able to go back to the market in December and raise a further 2.5 million, was the fact that it now counts the London Metals Exchange, the Chicago Mercantile Exchange and the Chicago Board of Trade as customers.


That a twenty-man band from London won the business of two of the major exchanges in Chicago clearly speaks for the quality of the software and the industry experience of the team.


One shrewd investor who thought it worth taking a stake at the recent placing was AAA-rated Giles Hargreave, who picked up 1.9 million shares for his Marlborough Special Situations fund. The placing of 25 million shares was at 10p, and shares are currently around 12p, valuing the business at just under 10 million.


Having bedded down these three major exchange customers, CMS is now ready to ramp up its sales effort. To date it has been doing what chief executive Bob Antell calls 'serial' selling, essentially selling one system a year.


However, now that the software is installed and proven in these three major customers, the company is ready to gear up its sales efforts to increase the volume of sales to several a year. It will fund this out of the new money raised.


There are some 200 exchanges in the world, of which 120 are potential targets for CMS' software, known as TDI. The company started selling to exchanges because this is its direct area of expertise. However it is also looking to target the banks, brokerages and quote vendors that are members of the exchanges.


Sales of the software are large ticket items, with an average sale price of around 750,000 for an exchange.


However the software is pretty generic, and, further down the line CMS will explore other vertical markets for the software such as betting, airline ticketing or any other service that takes in data from many sources and requires real time information out. It intends to exploit other markets through partnerships with vertical market specialists. However Antell stressed that this was for further down the line. (continued...)

The company also has two other revenue streams. It uses TDI itself to offer a consolidated digital data feed service to customers such as quote terminal vendors, banks and brokers. CMS has a fully equipped data communications suite in East London, from which, using TDI software, it can collate data from many sources on behalf of its customers and push that data out to them as a single, consolidated feed in real time. So far it has 11 quote terminal vendors as customers, and has not yet gone out to sell to the banks.


Finally, CMS has the exclusive European distribution rights to a data terminal called ProphetX, which competes with the likes of Reuters providing data on the commodities and energy markets. To date the company has twenty corporate customers, some of which take ProphetX as a backup to an existing system and others which have replaced existing, and usually more expensive systems.


Terminals sell for around 200 a month, and Antell says the business is profitable and generates cash. Digital data feed customers pay around 20-25,000 a year.


At present, TDI is the biggest part of the business, but Antell can foresee a time when CMS could have three separate business divisions, each making a major contribution.


In the six months to June, the company turned over 905,000, up 55% on the previous year Losses were reduced by 66% to 116,000.


House broker Corporate Synergy reckons the company is 'set for rapid growth and profits in 2004/5. It is looking for turnover of 3.6 million, profits of 300,000 and earnings per share of 0.3p this year rising to 6.4 million of turnover, 2.4 million of profit and 3p per share next year. The broker has a target price of 18p for the shares.


Full year results are due next month.


Citywire Verdict:


A tiny company with such blue chip customers is a rare find. CMS has survived the horrendous market conditions since it floated, and really does now look poised for bigger and better things.


It has proven software in at three highly impressive reference sites and is opening offices in Chicago to exploit the strong references in that city. (continued...)

There are then two other viable sources of revenue which should help smooth out the lumps from selling high value software licences.


At this price shares are trading on just 4 times next year's forecast earnings. Even allowing for some slippage in revenues, this share looks just about as cheap as they get at this time.


Yes it is a tech stock, yes there are still risks, but there could easily be some serious upside here. Buy.

Thanks littlejon - great post.

Just opened a new position in this one myself this morning. Ms J Wallen I feel is the best tipster on that site and Im sure she as come up with another gem.

cheers Gf.

Agreed GF. I have just bought some more myself. They are ridiculously cheap at the moment.

Thanks littlejon, Excellent article. Great news. This has set off some good buying. Hopefully, the SP will strengthen in the run up to the results as well as when they get released. :)

Just got in @ .1188 before the tick up

Added twice more this morning these are so cheap foward p/e of 4 !!!!!!!!. Should do well up to the results and then lets have a recap.

cheers GF.

Ticking up nicely..up 2p so far today .. Lets hope it continues ! :)

Up 20% this morning. Astounding. Hats off to Ms Joanne Wallen!

Glad I topped up in yesterday :-)

There is so much investor interest in this share it will inevitably rise. For that alone it is a no brainer. However, never a person to buy purely on momentum the fundamentals of this business, and future potential are just enormous.

Results early next month will underline a solid business going places, more importantly they are positioned very well to take advantage of the increasing appetite for City institutions to spend on services that will save them money right now. Paying Reuters, Bloomberg or CMS for essentially the same data will boil down to price, particularly at the smaller institutions.

Very strong buy, although be prepared to hold for the medium term. DYOR and good luck

Great tip this morning, and really encouraging to see new investors jump on board.

Rise this morning, breaks a short term chart downtrend on this stock, mainly due to lack of recent news.

Although all existing investors in this stock are well aware of the growth potential, I think it needs to be stated again. Profit forecasts of up to 5-10million have been discussed in 3 years time. (Shares Mag October tip)

I'm in this one on a 3 year view and my price targets are:-

April 04 - profits 300,000, p/e50, price 18pence
April 05 - profits 2,500,000, p/e 30, price 88pence
April 06 - profits 5million, p/e 25, price 1.47

Ambitious? Maybe. Achievable for this company? Most definitely.

Added yet more on the dip, does look a very promising stock, cant understand why I let this one get through the net in the last six months.

cheers gf.

Very encouraging comments today. How quickly a chart can turn. point and figure pointing to a strong break up if we have gain a further 2 points. Will be buying this break big time.