New kid on the block...

Aside from RNS

Anyone got info they can share?

Surprised there is no movement, this is off-the-shelf s/w, presumably $450k of high margin, it's already developed so bottom-line earning enhancing.

SFT looks very promising imo, expect a 1-2p rise later today!

typical slow reaction-this one is not really on the radar yet and gives me time to build a good holding.

Typically certain shares are being targeted to shake you out, then up and down so you go dizzy, this is a long-term safe hold imo, but the mm's are making it look far from that!! stay with it past sept imo, fundametally fine at these levels, growing and not expensive in the strongest growth economy in the world.

Any discernible reason for the freefall since May? Can't find any news on them.

I've jumped in today. I'm hoping that this is the bottom and that the changes made to the system during the next 4 months to appease some of the local tax authorities is going to mean the green light for the firm and its product. And if that happens revenues will obviously soar. Well, here's hoping anyway!

Hi Folks,

I've just been on the ADVFN site and thought this might be of interest. It has been taken from a site called lemminginvestor and has been posted courtesy of a forum member :


The company's performance is not being properly considered.

The Dell contract alone is worth 20% of annual sales, and that signed in May with Capitek for $450k adds another 7%. Gross margin was up from 71% to a colossal 82% in H1. Any increase in sales has a very large marginal effect on profits.

The condemnation of the company for falling sales is greatly out of place . Sales were only down by 3%, Y on Y, brought about almost certainly by a standstill in export tax sales expansion whilst the mods requested by Central Government are being implemented. It is hoped that after delays, this will kick off in May. Roll out of this monopolisic contract is intended to cover the whole of China's 36 provinces - a market x17 times the size of SFT's current local effort.

Operating profit was burdened with the cost of launching on AIM, and would otherwise have risen, but is still exceptional at 49%. Much would have been taken out to cover a sales expansion drive including a new sales office opened in Shanghai.

The sales drive has more than doubled the size of area served. Anhui province (60m population) now the subject of a completely new sales drive, almost doubles the potential market currently concentrated on neighbouring Jiangsu (72m pop).
The expansion has also taken on the island province of Hainan (7m) and Yangzhou City (7.1m pop)

Some of this will yield sales in H2, which will also benefit from seasonal increase, though this will have to compensate for any temporary slow down in orders for the export tax software - the core business. Nevertheless with all the business SFT is developing with large western companies manufacturing in China for export, the future is undimmed.,

lemminginvestr.com

Thanks Iankn73 - I see absolutely huge potential in SFT which is why I'm in!

A nice climb today. Far more volume than usual.

Well I bought at 16.5p and it's been below that price ever since so this is the first time I have been in the blue! Still see absolutely huge potential!

got in at a touch below 17p today, this co is looking v good imo

Another queen? Welcome to SFT and congratulations for getting on board!

Another nice tick up today against the overall market grain as well!!

Absolutely Iankn73 which makes the performance all the more impressive. Could this be the start of a climb back up to the heights of this time last year? If it can weather days like today then it's certainly a possibility!

6th March - Sinosoft Technology said its pretax profit for the year to Dec 31 grew 10 pct on-year to 3.815 mln usd as revenues rose 37 pct to 8.4 mln usd.

The provider of software and IT services to Chinese government agencies and export enterprises said it expects revenues to grow more quickly in the second half of 2007 as it proceeds to the pan-China rollout stage of the State Administration of Taxation contract.

The AIM-listed company added delays to the project's rollout impacted profit and revenue in 2006.

Bring on the roll-out. I'll need to stop this I'm wishing my life away!!

You'll have no time left to spend all that lovely cash!!

China-based Sinosoft Technology PLC said it is confident of delivering continued strong growth, with the roll-out of the delayed state administration of taxation (SAT) project commencing shortly.

The software provider to Chinese government agencies and export enterprises said in an AGM statement that the SAT project is now progressing well and the product simulation phase is due to be completed very soon. It added that Anhui Province has been selected as the first province to follow Jiangsu Province for the planned China-wide roll-out with installation of back-end software at tax bureaus and sales to exporting enterprises expected to commence in the third quarter.

'Your board has been pleased with the progress in 2007 so far and, with the SAT roll-out commencing shortly, remains confident that Sinosoft will continue to deliver strong growth,' the company said.

Hi queen1,

Some nice news. The second-half of the year should be very interesting!

Good luck,

Ian

I think so - and to you!!

Maybe some imminent news due regarding the roll-out as the last two days have been blue.