Superscape was founded nearly twenty years ago, and has been dedicated throughout its history to the development of ground-breaking software technology for the creation and delivery of innovative, high quality interactive 3D applications.
Over the years, Superscape has amassed unparalleled expertise and experience in the development of 3D software capable of working within the constraints of limited memory devices, slow processor speeds and strictly controlled file sizes.

Drawing on this knowledge, Superscape has established a world-leading position in the development of industry-standard 3D technology and applications for mobile devices. The company's Swerve technology has been developed specifically for wireless environments in close collaboration with ARM, and comprises a 3D engine (Swerve Client), authoring tools (Swerve Studio) and a broad portfolio of 3D content, with particular emphasis on 3D games. Swerve is being adopted on a global basis by many of the mobile industry's leading players, together with world-renowned content and brand organisations.

Superscape has corporate headquarters in Hook, Hampshire (UK) and San Clemente, California (USA) with regional offices in Tokyo and Sydney. The company is quoted on the London Stock Exchange (LSE: SPS).



Superscape (SPS) has received various tips in the press and by Analysts recently which will certainly give impetous to the share price. Indicators are looking good with the RSI rising off an oversold position and the MACD crossing showing BULLISH signs for the stock.

The mobile gaming market is still in it's infancy but the projected revenue is enormous. Mobile operators are looking at tapping the Gameboy market as they feel that users will not want to carry around a multitude of technology and if they have a mobile phone which can double as a gaming station than people will prefer this option.

People should also look at the recent contracts which SPS have signed for their technology. This is a technology company which could well be a great success in 2004.

Company website

http://www.superscape.com/

Please also check the SPS thread at
www.iii.co.uk

!CHARTS

I sent them an email this morning, I will post if I get a reply.

SP now back at 04 levels pre the lucrative and revenue generative contract wins. The results in April must be ahead of analyst forecasts. Evolution have a conservative target of 58 pence on SPS. The dearth of any news has taken this well into the undervalued category (I think the Board have a lot to answer for in not issuing a post Christmas trading statement) but maybe it's created an opportunity to pick these up very cheaply once again and I am adding again at this price. Expect volumes to pick back up again within a few weeks.

im expecting!!

there has been alot of small investor sells over the last few days,but no institutions seem to have off loaded apart from 150000sell at40p today.evo price
has dropped below 40p.we should have rns soon.

When is the rns? Please post if anybody knows?

i believe within next two weeks,but with the rise today we should get an rns any moment.

something is cooking given the big spike in vols today

rns is coming out and likely to be favourable. Time to accumulate.

What do you mean re an rns coming out ? The results are due Wednesday or Thursday - any volume over the last few days and the next few are people pre-empting the results. Personally, looking for revenue above 4m and a rise above 50p in the few days after the results. If they come in below 4m, look out below !

Time to dig out the precautionary old brown underpants on Wenesday

The results are next week and not this week...aren't they?

last year I understand it was the 21st but thought Hotei was in the loop -does anyone know the announcement date?

rns as i predicted in post 445

latest rns is not good news in the short term. price will now drop to 38p and stay there until mid may :-(

LONDON (AFX) - Superscape Group PLC has given an upbeat account of its future prospects alongside announcing a placing and open offer in which it aims to raise 20.1 mln stg to invest in its business and fund possible future acquisitions.

The publisher of 3D mobile phone games will issue approximately 52.8 mln shares through a placing and open offer at 38 pence per share.

It also said that it was confident on its prospects for the current financial year, in which it expects significant turnover growth from an increased number of distribution agreements.

In the previous fiscal year to Jan 31, 2005, Superscape narrowed its pretax loss to 5.48 mln stg from a loss of 6.97 mln previously, after its turnover grew 267 pct to 4.1 mln stg.

The company said it anticipates that in the year ahead, royalties generated from over-the-air download of its 2D and 3D games will be the principal driver of revenue growth.

It also said the main reasons for its fundraising exercise were to assist with the acquisition or licensing of intellectual property to reinforce its portfolio, and to accelerate the distribution of its products through acquisitions of entities that have contracts or intellectual property.

It also wants additional funding for the strategic growth of its in-house games development and production capabilities.

tc

Do not forget that the offering open only to sps holders (first call to take up full offering) so sell out and lose out (potentially)...buy in and gain, (potentially) so the 38p offering need not necessarily be aligned with the sp.

looks like a good opportunity, but could be waiting a fair while for the big profits.

I think the 38p offer will be hansomely oversubscribed if you look at the profit potential disclosed this week. Could see the SP flying again in May.

Funding always seems to be needed just ahead of the big breakthrough and here we are expected to cough up at very close to market price. Agreed once the funding is over it will be cash (although the Documents are so long there might be some debt hiding there, I can't be bothered to read every page).
But just when will we see some money comming into the business - for that is key - regular income is something all businesses should have. Then they can divert some effort to higher-value work once the Directors and premises are piad-for.
I've held this stock only recently and the snag is, this fundraising raises my average.
[SP will revert to any Placing, so punters can't play the Market, but I seem to recall the sp wasn't that much higher prior to the ann......oh well.]

The story of this company seems quite good and believable. Now that the price has come back from the stratosphere to leave the company capitalised at about 10 times sales I thought I would run some simple checks.

This is obviously a speculation on the future take-up of funky games for phones that are only just emerging into the market. This is not a company with assets/earnings/dividends+cover/growth, etc. so it isn't a prospective core holding by any means.

I am also concerned about the placing announced last week. With the sp retreating rapidly to the placing price, presumably because there are still a lot of weak holders about, there must be concerns about getting the placing away.

I was also dismayed to see that the company web-site is out-of-date. You would think that while they appear to be doing such a good job to get things into place on the supply side, they might also cast a glance towards their target customers. There is a trite statement on the "Swerve" pages that they are "redesigning the whole section" devoted to devices on which their products will perform. There are various statements across the site referring to new devices that will be available in "mid 2004". Pardon me but is anyone bothered about the target customers? Do they know that "mid 2004" has passed?

What happens to a business that has great products but no customers? I think we know the answer to that one.

I then had a quick scan around www.handango.co.uk and could only find Chesscapade in a pocket PC phone edition, Windows CE 3.0/2000. ARM and that it has had 1255 downloads (- if you trust vendors' own unaudited sales stat's.). There appears to be nothing on this site for e.g. Motorola/Siemens/Samsung phones that are referred to on Superscape's own site. Handango claim a catalogue of 75,000 downloads of which just 2 are Superscape's single game for 2 different platforms.

On the 3g website press release (linked from Superscape's own homepage) www.3g.co.uk/PR/November2004/8634.htm the Vodafone 3g launch is featured and Superscape does get a mention a little over half way down the page. A lot of the competition gets a mention too. I would ask whether the "Evel Knievel" game referred to can run on any of the 10 handsets which Vodafone introduced at launch? If so, how can you buy the game? Evidently not through a link from Superscape. Nor from a well-known-to-the-market source like Handango.

I would like to be confident about investing in Superscape but the foregoing suggests to me that it's all puffery for now and that the management's silence is not the right approach to winning-over investors.

Flak jacket on ;-)