Has anyone noticed the potential of this small software company which provides software modules for the like of Norwich Union,Glaxo,Pfizer and many other blue chip companies.It's software allows efficient resource and management.have a look at it's website.WWW.atlantic-global.net

Atlantic Global finally has something to shout about
Published: 09:28 Fri 16 Jan 2004
By Joanne Wallen, Associate Editor

Atlantic Global has been pretty quiet since it floated in 2001, but the 17 million software company reckons it now has something to shout about.
The company (ATL) floated in June 2001, well after the height of the dotcom boom. It raised a modest 2 million through a placing at 25p per share.
In spite of its silence over the past couple of years, the company is notable so far for three things. Firstly, it managed to keep its share price close to or above the float price until last summer, quite a feat for a software company.
Secondly, it has grown its revenues pretty consistently since flotation, with analysts looking for 2 million for the year just ended, but the company has refused to sacrifice profitability for top line growth. It has pencilled in profits of 700,000 for the year, up from 461,000 in 2002.
Thirdly, this small business has attracted some major blue chip customers so far, and looks set to attract more big names into the fold.
Shares are now 72.5p, fuelled mostly by the interest generated by a new product that Atlantic will formally launch next month.
Corporate Vision was developed in conjunction with Pfizer, and more recently Norwich Union. Norwich Union went live in December with a major implementation of the software that aims to marry detailed systems like project management, resource management and time sheet tracking with the strategic goals of senior management.
According to chief executive and 50% shareholder Eugene Blaine, this simple to use, Web-based software provides the sort of answers required by chief execs and their senior management team that have so far simply not been available through any of the software systems they have installed.
Corporate Vision effectively sits on top of an existing ERP (enterprise resource planning) and other information systems such as business intelligence, and can provide answers to questions such as 'is this project on time and to budget, and is it meeting the strategic milestones set in the business plan?'
Having started out with Pfizer and then significantly enhanced the product with Norwich Union, Blaine reckons the product is configurable for any type of service-based company in minutes.
The product will be officially launched in February, at which point the company's existing customers will be the first target. These customers are already using Atlantic's original time and expense tracking, contractor management, planning and resourcing and risk management software modules. (continued...)


Customers include AstraZeneca, Barclays, Cattles, Ericsson, GlaxoSmithKline, HSBC, Intel, the Metropolitan Police, NEC and Serco to name but a few.
The existing products are largely geared to departments within an organisation, whereas Corporate Vision is designed for company-wide deployment.
With this in mind, Atlantic recruited a new chairman in October, David Cox, an IBM veteran and former director who specialises in marketing and selling to large corporate clients.
Similarly, sales and marketing director Mark Allcock spent twelve years at IT services company Admiral, which was bought by CMG (now LogicaCMG), and says he would have given anything for a tool like Corporate Vision during his time there.
Citywire Verdict:
The average sale for a 500-user time recording system is about 40,000, a 500-user licence for Corporate Vision is 200,000, so clearly if the product is well received on launch, it could boost revenues by an order of magnitude.
The sceptic in me thinks I have heard the story that this is the only piece of software that can really pull critical management information out of all those costly IT systems before, and some of it sounds too intangible to be a really critical business tool.
However, Pfizer and Norwich Union do not strike me as the sort of companies that, at this stage of their IT development, would spend yet more money on vapourware. Added to which the company clearly has a track record (established in 1993), of keeping blue chip customers happy, so perhaps Atlantic Global will be one of the first software companies ever to really deliver on its promises.
Valued at 25 times next year's forecast earnings, some of this potential is already factored in now.
If Atlantic can pull in a couple of high level implementation partners - it does have IBM and LogicaCMG connections on its board - and the story is even half true, you may be hearing a great deal more about Atlantic Global in the next few years.

More buyers coming in now.For a company capitalise at 18mill,seems ludicrously cheap.

Here is the origional link to the above story. I believe this tipster also tipped Gresham.

http://www.citywire.co.uk/instrument/default.asp?vid=62061&kid=&uid=&cid=&ctid=1&sid=&fid=&iid=&type=&dateEnd=16/01/2004%2023:59:59&rurl=/instrument/default.asp

Lets hope she's right again.

She has got a good track record with gresham,earthport etc.

Buying picked up, price due a tickup soon?

watch this one,results out on 24th.

Could be interesting

Turnover up 26% to 1.96m (2002: 1.55m)
Profit before tax increased 111% to 0.496m (2002: 0.235m)
Adjusted earnings per share improved 47% to 2.35p (2002: 1.60p)
Dividend increased by 40% to 0.70p per share (2002: 0.50p)
Net cash balance increased 21% to 2.30m (2002: 1.90m)
Free cash flow of 0.513m an increase of 314% (2002: 0.124m)

http://moneyam.uk-wire.com/cgi-bin/articles/200403240700088561W.html

Gone quiet here, do people still think this share is even better value now due to the drop in price???

It has been along time since there has been a post on this co.This is a software co into profit and what is more important pays a divi, an increasing divi ! The price has gone north these last couple of days and with a few more friends the sp will be back to last years trading range 60 -70p. Soon more people will start to notice this share. Why buy into cos that continue to post losses like LMC etc?