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Chelford's future prospects (CHR)     

aspex - 13 Feb 2003 08:50

Here is a company with a very small cap and good ongoing service income.
The question is whether the recently added SAP associated business can add a boost to its activity.
in the H1 statement was the following:
"The New Business pipeline has strengthened in recent months and is now a cause for optimism, with the company anticipating a return to operational profitability in the traditionally stronger second half. It is anticipated that, given current contract negotiations, Q4 will see a significant increase in the level of new business signed, with order intake for 2002 exceeding 2001 and with a major element of revenue recognition flowing through into 2003, ensuring improved profitability and cash generation going forward."
Let us see.

aspex - 26 Feb 2003 07:56 - 2 of 4

Nobody can say I am not trying to get some interest here.
Latest news is not yet in the general domain.
SSI PRESS RELEASE: GALA COFFEE & TEA
HEADLINE: SSI full of beans
Dartford-based coffee roaster and tea merchant Gala Coffee and Tea has purchased SSI's TROPOS ERP solution and Coda financials to replace its existing order processing systems from Lakeview. SSI defeated GEAC, SAP and SSA to win the order. Gala, which turns over 30 million annually, is owned by the Dutch company Drie Mollen Holdings and is among the largest coffee roasters in Europe. Gala supply many well known brands of tea and coffee such as Lyons.

SSI MD Trevor Lewis says: "Gala is an excellent fit for TROPOS, because our process model of manufacturing matches the company's operations more closely than old-fashioned MRP-based systems. And, as it was Gala's antecedents that developed the world's first business computing system,it's only appropriate that they should now be moving on to one of the best."

The implementation is being based on SSI's "Quickstart" methodology and is already showing significant benefits. Encouraged by this early success, Gala expects to roll the implementation out to include the management of outlying warehouses as well.
Issued 21 February 2003. For immediate release
This news release is issued in accordance with clause 1.2j of the British Codes of Advertising and Sales Promotion, and therefore cannot be subject to a transaction of any kind

For more information please contact:
Neville Merritt, sales and marketing director, SSI Tel: 01256 685296
Email: neville. merritt@ ssi-world. com
NOTES FOR EDITORS
SSI is dedicated to the implementation and lifecycle support of web-optimised ERP and supply chain solutions for manufacturing industries.
SSI is the developer of the class-leading TROPOSERP solution for process and lean manufacturers. SSI offers end-to-end supply chain solutions including collaborative commerce, inventory optimisation, advanced planning and shopfloor data collection.
To complement its applications solutions SSI provides all the services required for lifecycle support with a single point of responsibility: project management, applications implementation support, hosted application services, remote managed services, bespoke systems development, systems integration, *-net development and technical consultancy
Since 1982, SSI has been providing competitive advantage to a client base operating in the mid market including small companies and subsidiaries of multinationals and large independent companies: St Ivel, Morrison Bowmore, Sundora Foods, George Adams, Saxbys, G& J Greenall, Brintons Carpets,Rayner Food Group, Leisure Consumer Products, Pfizer, Sony, Tullis Russell, Turtle Wax, UCB Pharmaceuticals, Shell Global Solutions and Cormar Carpets. SSI came to market in 2000 via a reverse takeover of the AIM-quoted Chelford Group plc.
SSI, Hampshire International Business Park, Crockford Lane, Basingstoke
RG24 8WH

Telephone 01256 685200
Web Site www. ssi-world. com


Gala Coffee & Tea Limited
Gala was founded in 1986 when Dutch parent company Drie Mollen acquired
a small private coffe and tea company. Within a decade they had become the largest fresh coffee roaster in the UK and the largest private label supplier to the UK retail market. Gala products include the Lyons roast and ground coffee brands, and the Melitta filter paper brand. Drie Mollen was founded in 1818 as a colonial products business and since 1945 has developed into an
international group. It is now Europe's 6 th largest roaster and the largest private label supplier in Europe. It has independent country based businesses in Holland, UK, Germany, Poland, France, Spain and Switzerland.
Gala Coffee & Tea Ltd, Mill House, Riverside Way, Dartford, Kent DA1 5BS
Telephone 01322 272411.

aspex - 02 Apr 2003 10:48 - 3 of 4

FWIW results tomorrow

aspex - 03 Apr 2003 08:59 - 4 of 4

LONDON (AFX) - Chelford Group PLC said it looks forward to an EBITDA profit
in 2003.
In the year to Dec 31 2002, the EBITDA loss was 263,000 stg, compared with a
323,000 stg loss and slightly better than expectations. Chelford Group traded
profitably at EBITDA level in second half 2002 and SSI traded profitably at an
EBITDA level for 2002.
Turnover for 2002 was 7.3 mln stg compared with 7.8 mln and recurring
revenues were up 11 pct.
Pretax loss for the year was 1.03 mln stg compared with a loss of 1.05 mln.
Against a background of challenging market conditions, the group said it has
made good progress towards realising its strategy of building a market leading
Supply Chain solutions business through acquisition and organic growth.
The board said the slip in turnover in the year was primarily due to a lower
level of sales of third party products and decision delay by some customers.
Order intake increased by 28 pct over 2001 and performance in the second
half was an improvement over the first half, with a Group EBITDA profit of 7,000
stg against an EBITDA loss of 270,000 stg, the company added.
Chairman William Birkett said performance in Q1 is encouraging, with
improvement over Q1 2002 and with a strong pipeline of new opportunities.
"The Chelford board has a clear strategy, we have a strong management team
and a committed staff and will continue to seek to develop the group through
organic growth and by acquisition."
newsdesk@afxnews.com
slm/
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