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

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 ;-)

Over-valued, over-hyped jam tomorrow trash.

Compoundup,
A few comments on your points (and perhaps a counterview to hilary's informative post ;-) )

The placing announced with the results is firm, and the rights component is underwritten by Evolution, so the funds are guaranteed. I think the price has been managed down to these levels by Evolution and will remain here until the effective date of the placing. The lack of news recently doesn't necessarily mean nothing is happening - I think there will be a flurry of activity regarding news once the fundraising has been completed. It would be cynical to suggest news is being held back to help the price after the fundraising, but it's not unheard of for that kind of thing to happen. If you were the house broker and had just placed 50 million shares with institutions, you would probably be doing some "price manipulation" to ensure your customers saw a reasonable return in the weeks after the placing. If not, you would be making it much harder for yourself next time you went to the market for funding for anyone else.

Regarding handango and download sources - you are looking in the wrong place. The games available for download are on the network operators download sites and for most of these you need to be connected via your phone to see what's available. While not specific about download levels, the recent results statement gives an update on how many games are available form which operators. My understanding is that things are on track in this area and growing rapidly. I'm expecting an update on this area at the agm/egm in May and I can't believe the institutions putting money in via the placing haven't asked questions in this area and been satisfied with the answers.

The website - I agree with you - very disappointing. Actually, so crap it's indefensible. I understand it's being worked on by an outside agency and will be up to date and regularly maintained shortly.

Finally - I admit to holding Superscape shares (many from the previous placing at 14p) and will be taking up my rights. I expect at least a 30% return over two months from these levels. Purely a personal opinion, and who knows - hilary may be right. But I don't think so and am putting my money where my mouth is.

Yes, but does anybody actually care about their technology and will they ever actually make a profit? Profit is not a dirty word. One of my friends runs a hamburger stall on an industrial estate. Does she make a profit? You bet she does! And how long will this latest round of fundraising see them through until? 3 years? 4 years? And then what? More rocking horse poo and jam tomorrow?

Thanks Hotei. You are right to point out the holes in my analysis. In my defence I had got far enough to reach the view that I couldn't make a case for investing my money. Had I been more positive I would have dug deeper and might have found the download sources. I would also have gone on to look at the published results. IMHO In the case of a "jam tomorrow" company that is not the first document to consider when establishing first appraisal.

Hilary, I take it you are short ;-)

hilary - the technology is no longer relevant, I agree. Their business is now content publishing. I agree on the need for profit too. However, I'm less concerned by their profit than my own.

I'll wager you a hamburger lunch from your mates stall that we'll see 30% from here by 13th July (this year !)

Hotei,

I think that I've already got a bet on a burger with Dailos from the thread on the pay-per-view. Are you into threesomes?

:o)

hils - if that's the only way I can get a burger out of you, I suppose so. Could have been worse - you might have offered me the forex fairy ;-)

Don't suppose you'd care to enable your MAM e-mail for an hour or so ?

Superscape has received positive remarks in the shares magazine 21st to 28th April 2005.
Whilst I still hold shares in the company and am in profit I thought the sp would be higher than it's current market value.I understand it's dropped in accordance with the recent share offer to current share holders.
I agree with comments made about the companies website it definately needs significantly improving.
I would like to ask Hotei what's the significance of the 13th of July??

aevansdj - 13th July is 2 months from the placing date - that's simply my timeframe for seeing the price back at 50+

Could be very wrong, of course !

http://www.newratings.com/analyst_news/article_819111.html

GOOD NEWS....

Superscape Group PLC
02 June 2005

2 June 2005, Hook, Hampshire: Superscape Group plc (LSE:SPS), the world's
leading 3D mobile games publisher, announces that the following statement was
released by Verizon on 1 June 2005. The release states that 3D games are the
fastest growing category on the Verizon Get It Now mobile games service, and
that two of the top five games titles are from Superscape: AMF Xtreme Bowling
is ranked at number two and Kingdom Hearts, developed by Superscape and
published by Disney Mobile, is at number four.

I wondered when anybody was going to post on this thread - seeing as how it's seeing its highest volume for about 18 months. EVO have used good news to offload the remainder of their placing methinks. No bad thing because it was weighing heavy on the price.

Not long now before we really see some fireworks.

Great news and good volume finally.

This will start flying again now. incredible value at anything below 40p.

Lots of activity today (large volume traded), and lots of selling according to the trades page but the price has hardly moved, any ideas????

Superscape Group PLC
08 June 2005

8 June 2005

Superscape Group plc

Notifiable Interest


On 7 June 2005 the Company was informed that, UBS AG now has an interest in
6.024,635 Ordinary Shares representing 3.36 % of the issued share capital of the
Company.

GREAT NEWS!!!

have faith. keep adding.

well, looks like I owe hilary a burger !!!