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

im starting to worry big time, the drop seems to be endless, now nearly half my original stake. little news from the comp at the moment.

Here we go again, yet another share that is full of promise then they issue more shares to make cash for expansion on bullish comments or buy a compay and the share price goes down the toilet.YOO and ZIM are recent examples.
I feel frustrated by SPS as these were my superstar share for 2004.As they say timing is everything, and I do not know whether the current price is a snip or we will be able to get them at 10p in a month or two?I shouldnt think the institutions are very happy with current price. Come to that neithere are the Institutional holders in YOO who bought at 15p and now languishes at 7p( were 4p a few days ago)
I think what I am saying is there is a pattern that when a company enters into a period as described in opening paragraph SELL. This would appear to save c50% of your cash in the short to medium.Once the dust has settled it may make sense to buy in again.
This may be a jaundiced view but there seems to be a growing amount of evidence to support it.Obviously all above IMO.

is it tree shake??? what to do???? suppose im going to continue to hold rather than a 50% hit, but itt could end up at 80% at this rate.

Kivver My honest view is that at the current price they look cheap, but I would suggest the prices you bought at look quite a way off in the future to me.
Its difficult to know:
At what rate are the sales going to grow in 2005?
When will they become profitable?
When will the sales grow sufficient to generate enough margin to deliver profit?
The answer to the latter is the one I want to know and as i do not know at what rate their overheads will increase(very minimaly I would expect as it should onle be an increased use of an existing infrastructure) in line with incremental sales it is difficult to assess.
A very rough assessment would suggest they need to clear 14 million sales(minimum) to break even, which is a big ask in the short term(2005),but feels possible for 2006.If it was me I would look at the next Financials expected October and if the revenues were not growing significantly(3.5 to 4 million for the half year)I think I would be out.From what you say to move out now you would take quite a hit.
For me the question is different and I am trying to decide whether to get back in and at what price? My intuition tells me that I will miss the " best price " and live to regret it.Very best of luck

thanks for the advice. the real annoying thing for me is i sold out once at good profits. Stupidly came back in at the higher price, but it was rising at the time. Losses easily outstrip the gains i made. You never stop learning in this game. Notice the volume has rapidly increased so somebody knew this was coming.

Quite agree, I lost heavily on YOO and ZIM when they raised cash/reverse takeover, which made me so cross. I even called ZIM and quoted the events at YOO and asked them if they were going to SXXX on their small investors as YOO had done and they assured me not. Yet ZIM came back on the stock market recently at 7p (were 12p prior to suspension)I dumped them and broke even but losing 40% profit hurts.
I think the current SPS share price looks good for an increase over the next three months, perhaps if you have got any spare cash(whatever thatis?)you should buy some and average down? However it is putting maybe more eggs in one basket than you think is sensible.

Kivver,
I'm in a similar boat to you on this one, sold high, then got back in (still below the valuation at 60p)... Not totally sure why we're back down to these prices, but the volumes seem to be going through. Perhaps its just taking longer than expected.
skids

well I guess the figures say they still make a stonking loss, but they are heading in the right direction.However its going to take a significant increase in sales to achieve overall profitability. My guess was 3 X current sales (probably more). Hopefully the current position is built into the share price so its not all doom and gloom IMHO.If we got half year sales of c 4 million in Oct we could be off and running.

Surprise, surprise ..... another profits warning laced with jam-tomorrow gobbledegook. I can taste those burgers already.

:o)

well the figures are starting to come in with one game quoted as 500-1000 downloads a day!!! That doesn't sound bad to me. I just think the profits will now take a little longer to arrive than previously expected. Not good news if you expected to make gains this year (as I did). But I'm going to lock these away now for another year and see where they take me.

skids

hils - will you have ketchup or mustard on that ?

been out all day and come back to this, i hate this game. back to the building society for me!!!

just read the statement and its not all bad. the bs can wait for a bit!

You're deluded if you think that rns isn't all bad! They've just had to raise another 18m to stop themselves from going bust, they're p!ssing money through a sieve and they've got naff all chance of ever making a profit in my view.

Do you really think that anybody in their right mind really gives a stuff about mickey mouse games on mobile phones? Oh, I was forgetting .......... they're content publishers, aren't they?

Get the bin bags ready. They're an accident waiting to happen.

hilary, so you don't think mobile gaming is worth anything then? I disagree, and think SPS will make substantial profits in the future.

hilary are you Dil is disguise???? though you might have point, lol. Time will tell. i might make a superescape! Tha kids nowadays will buy anything, they waste money like no tomorrow i still think there is hope.

I said in a note yesterday that they would have to grow their revenues a very significant amount to break even, and it looks like they are going to take longer than anticipated.I wish they had put some numbers in their RNS.
How much revenue do they think they need to make to break even?Current run rate is 4million pa and I estimate they need to get to c 13/14 million.I was considering going in again to SPS but they would have to be cheaper than this to offset the risks. I still think the potential is good but then sis the risk, and any good news seems likely later rather than sooner.I am not sure how much I like their reference to the possible purchase of games companies, as they tend to have a very volatile life( i havent forgotten Warthog(WHOG)17p down to 1p) I think I would risk it at sub 20p but I am not sure if I am brave enough for a higher price.

Kivver: Hilary has better legs than Dil.

The recent plea from IBM and Nokia for people to develop corporate applications for Java phones suggests that they, at least, have woken up and smelt the coffee.

I think the games guys have always overrated this market. If there were a market, SPS might do well. If there isn't, then they won't. Much of this is propelled by the wishful thinking of the handset makers and the telcos. They, in turn, are fed by market size predictions fed by analyst companies whose predictions are themselves fed by . . . people working in the self-fulfillment reality distortion field within those very same handset manufacturers and telcos.

Derek - you're just too old to understand ;-)

Whaddya mean? Too old to understand about Hilary's legs?