On the rise on recent Tech Journal Tip...

up 5% on day...

30-32p

AGM on 18 May

Well it gets a tip in the Sunday papers.............

Blue-chip backing for ServicePower
Midas, Mail on Sunday
18 April 2004
BUYING shares in a company that has yet to make a profit is all about being convinced by the story of its growth potential.

One firm with an interesting tale to tell is ServicePower Technologies, which produces software that enables businesses to organise their field engineers and service technicians. Its products mean consumers should not have to spend all day waiting for someone to come and mend a boiler or install a satellite dish.


Instead, ServicePower's contracts with the likes of satellite broadcaster Sky and boiler maker Worcester Heat Systems mean those firms can schedule their technicians to be in the right place at the right time.


As well as providing software, ServicePower recruits technicians and despatches them on household jobs. It recently won several contracts in America to install digital television set-top boxes and to work for domestic appliance maker Whirlpool.


The company has many bluechip customers and recently raised 5.9m through a share placing* at 44p to fund development.


ServicePower was set up in 1988 by European technology companies Bull, Siemens, Nixdorf and ICL, and was bought out by management, including current chief executive David Brisco, in 1996. It joined the stock market in April 2000 at 115p a share.


The shares slumped as low as 4p in 2002 but have risen steadily since and closed last week at 43p to value the company at 31.4 million.


• Midas verdict: With no current earnings, a dividend* only a distant prospect and a small stock market value, ServicePower must be viewed as a speculative investment.


But for those prepared to take a medium-term view, the company is forecast to move into profit next year and accelerate its growth thereafter.


The business model and products look sound and endorsement from major companies counts in its favour, so we rate the shares as a speculative buy.


cheers Gf.

Goldfinger,

That's exactly what Leggins posted!

However as the price is up 2p at the time of writing I forgive you.

EVBG says that SVR has been transformed - I wouldn't disagree

fat lot of good fin mail tipped did

Patience, GG, patience

still going same way today test 40p again ? tempted to sell next time above 45p
and buy back at this level ...

mostly sellers today inc big seller late on yet price on the up ??

DD,

WRONG

Last trade of 100,000 was a buy.
This was a T Trade

Def from Advfn
"'T' If reporting a single protected transaction. A protected transaction occurs when a large order is going through the market. The buyer (or seller) may wish to keep the order anonymous from the rest of the market as the size of the order could greatly alter the price of the stock. With a protected transaction, the dealer will put the trade through in small quantities rather than knock the whole order out in one hit. The entire transaction is reported once the deal is completed. The LSE is notified at the start and at the end of the transaction. However, the market as a whole isn't told until the end, thus the order is protected .

Hence why the price didn't fall earlier in the maroning with all those sell trades.

Also note the fairly good buys during the afternoon on Friday.

That gives us 204k buy and 54k sell

Hopefully the late afternoon rise will continue on Monday.

Since December SVR has announced a $10m contract, a potental 10m contract and has 3 "proof of concepts" out wth Fortune 100 companies.

The potential for SVR is immense.

This is part of what EVBG said recently about about the USDTV deal

"As with many early stage businesses numbers are purely estimates. Of the
10m homes which must change, USDTV now expects 3m will eventually
select its offering. If the minimum 25% of these need aerials over the next 5
years, this contract alone is worth $56m in revenues and c.$9m profit for
ServicePower currently a 32m market cap. business.

As a caveat we must emphasize that USDTV is an early stage business, albeit
one that appears to have a unique offering, plenty of publicity, and the
powerful backing of Wal-Mart. However as we have previously stated, we
are not increasing our ServicePower forecasts until we have a better idea of
the take up of this start-up service.

More importantly this is just one of an array of opportunities now opening
for ServicePower in the US. The GE deal transformed the company from a
small Stockport based software supplier into a business capable of
dominating the enormous US servicing and installation market. The value of
that opportunity is currently un-quantifiable and is limited only by the
resources available to the company. We retain our BUY recommendation."

yes i see good growth ahead and usa should supply much

work and contracts.

this ones fast becoming a real dog of a share well down on my 50p ....

was hoping form some resistance @ 40p perhaps 30p ??????????

GG

AGM Tuesday