New kid on the block...

Aside from RNS

Anyone got info they can share?

results tomorrow, if they take off may be worth adding, have taken a punt in anticipation, fingers crossed

The Independent today mentioned that this has a bright future as the co rolls its products out nationwide in China. DYOR.

Thanks ST, well spotted.

Great results!

this is me, been away last couple of weeks on hol, crossed my fingers and hoped the market didn't dive, low and behold pretty steady, not much change really.

sft looking godd and will move to 50p imo!!

cheers ellio-will post on this one now.added to my holding-happy to hold this one.

added a few more today as this one has not registered with investors yet-I'm sure it's got a long way up to go!!

hope so

Tipped in Shares Mag as a possible multi-bagger

Good-perhaps the momentum will build now. looking at their contracts I'd say a definite multi bagger!

got into this today also ...on the Shares mag write up.
Sounds like a great company and the potential is huge ..

Welcome aboard erb, looking good for a nice run to 50p imo, then a few announcements and lift off. good luck

Bought into this last week. Expecting a bit o a rise today.

Sinosoft Technology plc
10 May 2006

10 May 2006

SINOSOFT TECHNOLOGY PLC
CONTRACT GAIN


Sinosoft Technology ('Sinosoft' or the 'Company'), the China-based developer and
provider of software and IT solutions to Chinese regional and national
government agencies and export enterprises, announces today that it has entered
into a distribution agreement with Beijing Capitek Co., Ltd ('Capitek').

Under the terms of the agreement, Capitek are licensed to sell up to 20,000
copies of Sinosoft's Information Integration Software. The agreement, which
commenced on 1 May 2006, is expected to generate up to US$450,000 in revenue for
Sinosoft. The software is an existing product from Sinosoft's portfolio of
software solutions.

Capitek specialises in the provision of network security software and is a
wholly owned subsidiary of Capitel Group, one of China's leading software
technology businesses. Under the terms of the agreement, Capitek will utilise
its existing, extensive, network of sales channels to distribute Sinosoft's
Information Integration Software across China.

Miss Xin Yingmei, Chief Executive, commented: 'We are delighted to have signed
this agreement with Capitek, a major brand in China. The distribution agreement
will provide Sinosoft with additional revenue and expands our geographical reach
in China, increasing the number of provinces where our software products are in
use. Our ability to widen our presence in other provinces, without capital
intensive investment in infrastructure, is very encouraging and the
complimentary nature of our product suite further enhances the benefit of such
an agreement.'


For further information, please contact:

Tavistock Communications:
Matt Ridsdale / Paul Dulieu 020 7920 3150

Westhouse Securities
Tim Metcalfe / Richard Baty 020 7601 6100




This information is provided by RNS
The company news service from the London Stock Exchange

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