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SERVICE POWER - Set To Blast Away On New Contract Deals, And A Little More. (SVR)
goldfinger
- 05 Oct 2003 21:45
Well I have been alerted to this company by a great Investment pal of mine and I have to say as usual it looks like hes come up with the goods as per norm.
Not wishing to steal his thunder here is his summing up of the company.
SVR, Servicepower, is a stock that could be worth a dabble. The shares have done well recently and the company has a range of bluse chip clients including UK banks and Siemens. Floated at 1.16p three years ago, they fell to 5p but are now 32p. They recently issued a host of warrants to none other than one of the biggest companies in the world, General Electric. They make solutions software for field engineers, so they can arrange their daily schedules on the move. If a Sky repair man turns up on time, it is because he has used the SVR system. (and if he doesn't.........)
The balance sheet is not strong, but the company has signed several customers this year and I understand there may be two contract announcements imminent, one of which i have heard put at 5 million over about four years. They have also been conducting field tests with at least five international companies and further orders seem certain. i saw a broker's note (can't remember which) saying they should make 4.2p next year against a share price of 32p. Much depends on the number of contracts signed, but still with a niche and little competition, and the possibility of a takeover from the US in for free, the shares are a good punt. A line of stock of 2 million cleared an overhang last week and i understand may have found a US home. And someone was buying above the spread today, albeit only 24,000 shares. They were hard to get online so the mms may be short.
I bought today and hope to add.
One for the brave.ENDS.
I have great faith in this guy and have done reseearch on all he says, and find the company to be in a strong position.
Best to get in before the crowds but please DYOR.
GF.
ps, more research to come.
Not wishing to steal his thunder here is his summing up of the company.
SVR, Servicepower, is a stock that could be worth a dabble. The shares have done well recently and the company has a range of bluse chip clients including UK banks and Siemens. Floated at 1.16p three years ago, they fell to 5p but are now 32p. They recently issued a host of warrants to none other than one of the biggest companies in the world, General Electric. They make solutions software for field engineers, so they can arrange their daily schedules on the move. If a Sky repair man turns up on time, it is because he has used the SVR system. (and if he doesn't.........)
The balance sheet is not strong, but the company has signed several customers this year and I understand there may be two contract announcements imminent, one of which i have heard put at 5 million over about four years. They have also been conducting field tests with at least five international companies and further orders seem certain. i saw a broker's note (can't remember which) saying they should make 4.2p next year against a share price of 32p. Much depends on the number of contracts signed, but still with a niche and little competition, and the possibility of a takeover from the US in for free, the shares are a good punt. A line of stock of 2 million cleared an overhang last week and i understand may have found a US home. And someone was buying above the spread today, albeit only 24,000 shares. They were hard to get online so the mms may be short.
I bought today and hope to add.
One for the brave.ENDS.
I have great faith in this guy and have done reseearch on all he says, and find the company to be in a strong position.
Best to get in before the crowds but please DYOR.
GF.
ps, more research to come.
LINZIMASON - 06 Oct 2003 09:27 - 2 of 248
Think you could just be right on these GF. Did a quick bit of research myself and certainly look strong. Also like the company's website/ Further cemented by the fact that 2 on-line brokers just could not get them for me, so hard to get at the moment. Just put telephone order through and SC trying to get them for me. Initially bought 5,000 (if order goes through, waiting to see)
goldfinger
- 06 Oct 2003 11:49
- 3 of 248
Well done our Linzi.
Price is moving north and has broken through resistance on the chart now at about 35.5p. Things look very good for the next move upwards.
GF.
Price is moving north and has broken through resistance on the chart now at about 35.5p. Things look very good for the next move upwards.
GF.
LINZIMASON - 06 Oct 2003 16:46 - 4 of 248
Up 7% already GF - Further North? As far as Ilkley Moor? The Lakes?
goldfinger
- 07 Oct 2003 01:58
- 5 of 248
Interview with the CEO of Service Power, conducted by the Wall Street Tribune.
CEO of ServicePower says there is a large and growing marketplace for its unique workforce optimization software
IAN MACKINNON is the Chief Executive of ServicePower Inc.
TWST: Would you begin with a brief historical sketch of ServicePower (London: SVR.L) and an overview of where you are now?
Mr. MacKinnon: ServicePower was formed in 1996 as a management buy-out from ICL Fujitsu, and was listed on the London Stock Exchange (LSE: LSE.L - news) in April 2000. Our operation is world-wide, but currently we are focused on companies in the U.S. and Europe. ServicePower specializes in workforce optimization software which applies state-of-the-art IT, based on artificial intelligence (AI) techniques, to optimize utilization of "service workers". At the heart of the system is a sophisticated and powerful real-time scheduling engine. This engine is comprised of two schedulers that work together in phases to create and maintain an optimal schedule. Our product enables businesses to manage their service level agreements, make sure that they meet customer service, and do it all very efficiently, minimizing the use of staff and making sure that they get the right spare parts to location.Currently, our share price is around 12p and our brokers have just done a report and believe our share price represents an 8 times multiple on their forecast for next year's earnings. They expect us to be profitable and cash generative. So it's a very reasonable valuation with a lot of upside.
TWST: Can you explain the contractor model in more detail? Does that mean your customers are also potential partners?
Mr. MacKinnon: Currently, the majority of our business involves selling to large, enterprise type companies who have their own field service resources. However, we also wanted to address a growing trend amongst these companies to employ contract staff to complete work previously done by their own staff. As I mentioned, we've recently joined up with GECP to work on this contractor model, and we are looking to tie up with a second customer in the near future. According to the statistics there are currently about 3.5 million contractors in the U.S. who are working in small companies of under-50 people. These smaller companies have to carefully balance their IT requirements against other business needs, and investment in technology is usually quite low- they simply can't afford the sort of sophisticated workforce optimization software that we offer to large companies. Therefore, we are looking at an ASP model that will enable us to provide them with access to these systems at a more affordable price. Essentially, we've been tying up with companies that I call 'brokers'. For example, Installs Inc., (formerly DigiVision) the largest installer of satellite dishes in the U.S., receives work from Radio Shack and then passes that work out to independent contractors. Working directly with Installs, we are paid on a per-transaction basis. We also aim to encourage these contractors to not just do the work they are currently getting from Installs, but also to use the systems for scheduling the work they generate on their own. We believe it is a very big opportunity for us.
TWST: Is this something you've been investing in and been heavily focused on over the past year or so, and are you basically ready for that opportunity now or is there some more work to be done?
Mr. MacKinnon: We have recognized that the small company market is very attractive to us and are investing in it. A majority in this market are badly served by IT, but at the same time, its a very difficult market to enter. Most of last year's development was aimed at further extending the scalability of SERVICEPower. For example, SERVICEPower used to be able to handle 20,000 technicians doing approximately 10,000 jobs an hour, which is a pretty damn good rate. We have now extended that capability so there is effectively 'no limit' to scalability. We have tested and proven the system on 128,000 jobs an hour and that's the sort of throughput you need if you are going to have a large web-based application, handling many thousands of contractors, all getting their work through the Internet.ENDS.
GF.
CEO of ServicePower says there is a large and growing marketplace for its unique workforce optimization software
IAN MACKINNON is the Chief Executive of ServicePower Inc.
TWST: Would you begin with a brief historical sketch of ServicePower (London: SVR.L) and an overview of where you are now?
Mr. MacKinnon: ServicePower was formed in 1996 as a management buy-out from ICL Fujitsu, and was listed on the London Stock Exchange (LSE: LSE.L - news) in April 2000. Our operation is world-wide, but currently we are focused on companies in the U.S. and Europe. ServicePower specializes in workforce optimization software which applies state-of-the-art IT, based on artificial intelligence (AI) techniques, to optimize utilization of "service workers". At the heart of the system is a sophisticated and powerful real-time scheduling engine. This engine is comprised of two schedulers that work together in phases to create and maintain an optimal schedule. Our product enables businesses to manage their service level agreements, make sure that they meet customer service, and do it all very efficiently, minimizing the use of staff and making sure that they get the right spare parts to location.Currently, our share price is around 12p and our brokers have just done a report and believe our share price represents an 8 times multiple on their forecast for next year's earnings. They expect us to be profitable and cash generative. So it's a very reasonable valuation with a lot of upside.
TWST: Can you explain the contractor model in more detail? Does that mean your customers are also potential partners?
Mr. MacKinnon: Currently, the majority of our business involves selling to large, enterprise type companies who have their own field service resources. However, we also wanted to address a growing trend amongst these companies to employ contract staff to complete work previously done by their own staff. As I mentioned, we've recently joined up with GECP to work on this contractor model, and we are looking to tie up with a second customer in the near future. According to the statistics there are currently about 3.5 million contractors in the U.S. who are working in small companies of under-50 people. These smaller companies have to carefully balance their IT requirements against other business needs, and investment in technology is usually quite low- they simply can't afford the sort of sophisticated workforce optimization software that we offer to large companies. Therefore, we are looking at an ASP model that will enable us to provide them with access to these systems at a more affordable price. Essentially, we've been tying up with companies that I call 'brokers'. For example, Installs Inc., (formerly DigiVision) the largest installer of satellite dishes in the U.S., receives work from Radio Shack and then passes that work out to independent contractors. Working directly with Installs, we are paid on a per-transaction basis. We also aim to encourage these contractors to not just do the work they are currently getting from Installs, but also to use the systems for scheduling the work they generate on their own. We believe it is a very big opportunity for us.
TWST: Is this something you've been investing in and been heavily focused on over the past year or so, and are you basically ready for that opportunity now or is there some more work to be done?
Mr. MacKinnon: We have recognized that the small company market is very attractive to us and are investing in it. A majority in this market are badly served by IT, but at the same time, its a very difficult market to enter. Most of last year's development was aimed at further extending the scalability of SERVICEPower. For example, SERVICEPower used to be able to handle 20,000 technicians doing approximately 10,000 jobs an hour, which is a pretty damn good rate. We have now extended that capability so there is effectively 'no limit' to scalability. We have tested and proven the system on 128,000 jobs an hour and that's the sort of throughput you need if you are going to have a large web-based application, handling many thousands of contractors, all getting their work through the Internet.ENDS.
GF.
goldfinger
- 07 Oct 2003 01:59
- 6 of 248
A fairly recent newspaper article on the company........
ServicePower Technologies also caught the eye with a rise of 4p to a two-year high of 30.5p after an overhang was cleared. Market gossips also believe further deals could be in the pipeline, possibly with a US multinational corporation, and that a couple of predators are on the prowl.
WHAT THE BROKERS SAY
Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
GF.
ServicePower Technologies also caught the eye with a rise of 4p to a two-year high of 30.5p after an overhang was cleared. Market gossips also believe further deals could be in the pipeline, possibly with a US multinational corporation, and that a couple of predators are on the prowl.
WHAT THE BROKERS SAY
Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
GF.
goldfinger
- 07 Oct 2003 02:12
- 7 of 248
From saturday telegraph
ServicePower Technologies
Buy at 30p (currently 29p) say Charles Stanley to clients with aggressive growth objectives but who understand risk.
Following the recent interim results and discussions with the management, the broker has left their estimates for the current year intact but point out that as the company is dependent on a small number of large contracts.
This provider of scheduling management software has won a number of new contracts this year and further gains are expected in the second half.
Current year figures may therefore be exceeded or undershoot but the broker expects that this will only be a matter of timing on contact delivery.
The broker projects EPS of 1p for 2003, rising to 2.4p in 2004, and possibly 4p in 2005.
GF
ServicePower Technologies
Buy at 30p (currently 29p) say Charles Stanley to clients with aggressive growth objectives but who understand risk.
Following the recent interim results and discussions with the management, the broker has left their estimates for the current year intact but point out that as the company is dependent on a small number of large contracts.
This provider of scheduling management software has won a number of new contracts this year and further gains are expected in the second half.
Current year figures may therefore be exceeded or undershoot but the broker expects that this will only be a matter of timing on contact delivery.
The broker projects EPS of 1p for 2003, rising to 2.4p in 2004, and possibly 4p in 2005.
GF
LINZIMASON - 07 Oct 2003 07:32 - 8 of 248
Good morning GF and thanks - can reply on you !!!!!!!!!!!
LINZIMASON - 08 Oct 2003 16:08 - 9 of 248
Stockport, UK, October 7, 2003 -- ServicePower (LSE: SVR), a global developer and supplier of workforce optimisation software for the Customer Relationship Management (CRM) market, today announced a contract to support Novar/Gent Services, part of the Novar plc group. Novar/Gent is internationally recognised for designing and manufacturing fire safety products and is firmly established as the UK market leader in fire detection and alarm systems.
The enterprise-wide contract will initially schedule the work of more than 230 technicians in the UK working for their services division, who install, repair, and maintain fire and safety systems for commercial buildings. SERVICEPower will enable Novar Services to efficiently integrate the allocation of fast-response, emergency repair jobs with their planned maintenance work
The enterprise-wide contract will initially schedule the work of more than 230 technicians in the UK working for their services division, who install, repair, and maintain fire and safety systems for commercial buildings. SERVICEPower will enable Novar Services to efficiently integrate the allocation of fast-response, emergency repair jobs with their planned maintenance work
buckets - 12 Oct 2003 20:15 - 10 of 248
Linzi and Goldfinger....you appear to be the 2 knowledgeable bods on this one..........do you have any further views on SVR as it seems to have lost its very small head of steam..
goldfinger
- 12 Oct 2003 20:42
- 11 of 248
Watch out for a bid. Rumours circulating in the city that this one is being targeted.
GF.
GF.
Prodigy - 13 Oct 2003 01:22 - 12 of 248
Goldfinger, I hope you're right about this one. Either a takeover bid or a large contract would be nice. I bought SVR shares around 2 months ago at 30p and am still waiting for a substantial rise in share price.
On a separate note, what are your views on KTS (Knowledge Technology Solutions)? They have recently launched a real-time quote and financial news system called QuoteTerminal, which has been taken up by several well-known brokers. KTS have just opened a London office to aggressively market the product which is considered a cost-effective alternative to Bloomberg and Reuters terminals. I think KTS stand a good chance of gaining a significant portion of the market and they are about to launch another product, MarketTerminal, which may be taken up by existing customers. Further contract signings are imminent and with results expected in a few days, this share has the potential to be a big winner!
On a separate note, what are your views on KTS (Knowledge Technology Solutions)? They have recently launched a real-time quote and financial news system called QuoteTerminal, which has been taken up by several well-known brokers. KTS have just opened a London office to aggressively market the product which is considered a cost-effective alternative to Bloomberg and Reuters terminals. I think KTS stand a good chance of gaining a significant portion of the market and they are about to launch another product, MarketTerminal, which may be taken up by existing customers. Further contract signings are imminent and with results expected in a few days, this share has the potential to be a big winner!
goldfinger
- 13 Oct 2003 10:27
- 13 of 248
Prodigy, on KTS, an online pal of mine thinks very highly of them and so do a lot of others. Im already in Pat Systems a competitor and have been for a while, having multi - bagger status on it. Will have to review the situ. I might change over , not sure yet.
SVR, I am told by a reliable source are being snooped on by two Yank companys.
Would be daft to sell now.
GF.
ps, take a look at European Diamonds, ready for take off.
SVR, I am told by a reliable source are being snooped on by two Yank companys.
Would be daft to sell now.
GF.
ps, take a look at European Diamonds, ready for take off.
terod
- 13 Oct 2003 10:34
- 14 of 248
if i may....
this thread caught my eye for various reasons so read today's posts.
GF you mention PAT systems - i have had a couple of unsolicited mail shots regarding (off-short, gibraltar??) claiming new system available at limited licence...is this one and the same to which you refer?
is PAT a brand of a 'methodology'?
thanks in advance.
t.
this thread caught my eye for various reasons so read today's posts.
GF you mention PAT systems - i have had a couple of unsolicited mail shots regarding (off-short, gibraltar??) claiming new system available at limited licence...is this one and the same to which you refer?
is PAT a brand of a 'methodology'?
thanks in advance.
t.
goldfinger
- 15 Oct 2003 10:46
- 15 of 248
terod, no chance. Pat Systems is a well repected company run by genuine people. In fact the Slaters have a big investment in the company through their Galahad Capital Investment company, they wouldnt buy into anything dodgy.
Ignore rubbish like that.
Anyway back to Service Power,please dont lose patience with this one, the deals are only days away I am told.
GF.
Ignore rubbish like that.
Anyway back to Service Power,please dont lose patience with this one, the deals are only days away I am told.
GF.
ajren - 15 Oct 2003 11:29 - 16 of 248
Servicepower---volume presently 26,642
Nothing good happening now despite Oct 7 contract to support Novar/Gent
services which are part of Novar plc group
Nothing good happening now despite Oct 7 contract to support Novar/Gent
services which are part of Novar plc group
ricardopage - 15 Oct 2003 14:02 - 17 of 248
lets hope those deals are announced soon.
I'm not too worried by today's drop though as last statement was v. positive and the dealon the 7th was only just over a week ago!
I'm not too worried by today's drop though as last statement was v. positive and the dealon the 7th was only just over a week ago!
goldfinger
- 15 Oct 2003 20:59
- 18 of 248
Ricardo, stick in there mate. Ive given some good one on this board just recently. Take IDD today and over the past few days must be knocking on for 50%.
Incite and Centurion are others plus who started the GXN thread. Please, please just stay patient.
GF.
Incite and Centurion are others plus who started the GXN thread. Please, please just stay patient.
GF.
ricardopage - 16 Oct 2003 09:08 - 19 of 248
GF
I'm stickin in this.
long termer, the RoI taking longer for larger co's would lead me to believe that when contract news comes in, it will come thick and fast...maybe.
cheers
r
I'm stickin in this.
long termer, the RoI taking longer for larger co's would lead me to believe that when contract news comes in, it will come thick and fast...maybe.
cheers
r
goldfinger
- 16 Oct 2003 12:05
- 20 of 248
Big things on the way. Who first gave ZOO on this thread ?,
gf.
ps, sorry for the gloryfying.
gf.
ps, sorry for the gloryfying.
richstuch
- 16 Oct 2003 16:27
- 21 of 248
don't apologise GF. Everything you've tipped so far (in the past 6 weeks since I have been reading this board) has given substantial reward.
People like myself rely on those more knowledgeable to show them the way.
Many Thanks
Rich
People like myself rely on those more knowledgeable to show them the way.
Many Thanks
Rich
goldfinger
- 17 Oct 2003 00:43
- 22 of 248
Cheers Rich, it come because of hard work and I suppose a lot of good luck.
The deals are still on and we have two Yank companies in line to take this one over.
Please please dont get impatient, it will happen.
gf.
The deals are still on and we have two Yank companies in line to take this one over.
Please please dont get impatient, it will happen.
gf.
buckets - 21 Oct 2003 17:24 - 23 of 248
not much activity, but I have also heard that there are take over posssibilities, so I I will stay put
LINZIMASON - 21 Oct 2003 19:25 - 24 of 248
Definitely still in, unless someone offers me substantial sums of money to sell, in which case the price will go up immediately, rather than having to wait.
Well, any offers? No I thought not, so we can all afford to be a little patient for once then.
Well, any offers? No I thought not, so we can all afford to be a little patient for once then.
buckets - 26 Oct 2003 19:51 - 25 of 248
Goldfinger...do you still feel confident that things will happen on this one..rgds..buckets
goldfinger
- 26 Oct 2003 23:18
- 26 of 248
Buckets, yes. My pal was confirming this on thursday evening. Stick in.
GF.
GF.
Soulretro - 27 Oct 2003 12:50 - 27 of 248
Around 29.5p, now. It is looking bleak but My stop loss will be kicking in soon. What is happening on Thursday?
Peter123 - 27 Oct 2003 13:50 - 28 of 248
I am already making a loss now. Where is the contract???
ricardopage - 29 Oct 2003 11:12 - 29 of 248
ouch, this one is hurting more than my hangover.
Soulretro - 29 Oct 2003 11:28 - 30 of 248
how can a share fall, no news. nothing. There is more to this than meet the eye. I reckon it is to generate panic selling and I am sitting tight. I have no choice I have to regain my loss. Stop loss deactivated on this share.
ricardopage - 29 Oct 2003 11:48 - 31 of 248
great big spread too, so not much chance of 'topping up'.
And a the bid ticks up as I write.
Need news that the proof of concept, below, has been turned into a contract.
taken from interim results 18th September
"I am very pleased to now be able to announce the award of a funded proof of concept with a world-renowned Fortune 100 company. In view of our success in turning proof of concepts into successful rollouts, the directors are very confident this project will make a major contribution to future revenues"
And a the bid ticks up as I write.
Need news that the proof of concept, below, has been turned into a contract.
taken from interim results 18th September
"I am very pleased to now be able to announce the award of a funded proof of concept with a world-renowned Fortune 100 company. In view of our success in turning proof of concepts into successful rollouts, the directors are very confident this project will make a major contribution to future revenues"
Soulretro - 29 Oct 2003 11:51 - 32 of 248
Maybe the contract didn't happen? how dear, that could be major!
gary k - 29 Oct 2003 16:38 - 33 of 248
And goldfinger has gone rather quiet!!!
LINZIMASON - 29 Oct 2003 16:47 - 34 of 248
He's on holiday at the moment.
kantona - 06 Nov 2003 00:58 - 35 of 248
r these still worth holding onto ... or is it best to shift funds elsewhere and just take the loss on this one ? any views pse..
goldfinger
- 06 Nov 2003 01:13
- 36 of 248
Hi Kantona, can I call you Eric??????. Your right these devils have been a real let down and are the only ones in my portfolio showing a loss.
You will remember I took these on board from a very good freind who is well clued up on take overs/ contracts with the US market. He still maintains that this one will be taken over and that there are deals just to be finalised.
Having said that my patience is being stretched. I will be giving this one a review at the weekend.
cheers GF.
You will remember I took these on board from a very good freind who is well clued up on take overs/ contracts with the US market. He still maintains that this one will be taken over and that there are deals just to be finalised.
Having said that my patience is being stretched. I will be giving this one a review at the weekend.
cheers GF.
LINZIMASON - 06 Nov 2003 09:43 - 37 of 248
Still holding
kantona - 06 Nov 2003 10:51 - 38 of 248
si vous plais ,,monsieur GF... au revior till then
LINZIMASON - 06 Nov 2003 16:22 - 39 of 248
Attendez-vous Kantona! (et tu me bon amis, Goldfinger - 'scusez ma francais merde)
ricardopage - 06 Nov 2003 16:43 - 40 of 248
Still holding at a small loss.
I think it's found support at this level with steady if slow buying going on.
4 out of the 11 tenders have been won so far and they're still in the running for 7.
They've got a good client list too.
just a bit boring right now but IT is boring, very boring, full of anoraks believe me I know.
I think it's found support at this level with steady if slow buying going on.
4 out of the 11 tenders have been won so far and they're still in the running for 7.
They've got a good client list too.
just a bit boring right now but IT is boring, very boring, full of anoraks believe me I know.
LINZIMASON - 06 Nov 2003 17:11 - 41 of 248
Ricardo - I'm not an anorak, I'm a switched on biker girl (well, old lady to be precise!!!)
kantona - 06 Nov 2003 17:19 - 42 of 248
bye eck linzi ..
alz that i hve to saz is tis ..
when ze seagulls (punters) folows ze trawler (Goldfinger) .. itz because they think sardines ( profits ) vll be thrown in ze sea ( stockmarket)
alz that i hve to saz is tis ..
when ze seagulls (punters) folows ze trawler (Goldfinger) .. itz because they think sardines ( profits ) vll be thrown in ze sea ( stockmarket)
ricardopage - 06 Nov 2003 17:35 - 43 of 248
Linzi
I know I saw the picture, not bad for an 'old lady'!!
I know I saw the picture, not bad for an 'old lady'!!
LINZIMASON - 07 Nov 2003 09:32 - 44 of 248
If it wasn't for GF, I'd definitely be sardineless, but doesn't mean I do everything he sez - if I had so far I would have a lot more sardines.
ricardopage - 07 Nov 2003 10:21 - 45 of 248
a tick up, right on cue.
goldfinger
- 07 Nov 2003 23:50
- 46 of 248
At last its turned the corner, good job or it would be heading for room 101.
cheers gf.
cheers gf.
yeffoc6 - 18 Nov 2003 09:00 - 47 of 248
Good news. More to come I hope.
LINZIMASON - 18 Nov 2003 10:36 - 48 of 248
Second bit of news today
LONDON (AFX) - ServicePower Technologies PLC said its contractor-scheduling
contract with Installs Inc has been extended.
In March, ServicePower said Installs had gone live with the implementation
of a new product to schedule the work of contractors, rather than employed
technicians.
LONDON (AFX) - ServicePower Technologies PLC said its contractor-scheduling
contract with Installs Inc has been extended.
In March, ServicePower said Installs had gone live with the implementation
of a new product to schedule the work of contractors, rather than employed
technicians.
LINZIMASON - 18 Nov 2003 10:37 - 49 of 248
Second bit of news today
LONDON (AFX) - ServicePower Technologies PLC said its contractor-scheduling
contract with Installs Inc has been extended.
In March, ServicePower said Installs had gone live with the implementation
of a new product to schedule the work of contractors, rather than employed
technicians.
LONDON (AFX) - ServicePower Technologies PLC said its contractor-scheduling
contract with Installs Inc has been extended.
In March, ServicePower said Installs had gone live with the implementation
of a new product to schedule the work of contractors, rather than employed
technicians.
LINZIMASON - 18 Nov 2003 10:37 - 50 of 248
First bit of news
RNS Number:1636S
ServicePower Technologies PLC
18 November 2003
ServicePower Technologies PLC
("ServicePower" or the "Company")
contract update
ServicePower announces extension to contract
Contractor scheduling solution
ServicePower, the recognised market leader in artificial intelligence based,
field service scheduling applications, today announced an extension to the
existing contractor-scheduling contract with Installs, Inc. In the Chairman's
Statement in March, ServicePower announced Installs had gone live with the
implementation of a new product to schedule the work of contractors, rather than
employed technicians. The number of contractors on the system has risen quickly
over recent months to more than 600. Following this successful implementation
the directors are pleased to report Installs is now able to offer a
substantially improved service to its clients. It has recently won an exclusive
contract with Cablevision to install satellite systems across the US for the new
"Voom" high definition television (HDTV) service launched in October. It is
anticipated this will result in at least 300 additional contract installers
being scheduled by SERVICEPower.
Also in March, ServicePower announced the commencement of work with one of the
largest electrical retailers in the US to develop and implement a contractor
scheduling system. The company, which can now be identified as Radioshack has
recently sold its service business, Amerilink, to Installs and the work of
installing home satellite receiver systems will now be scheduled through the
existing Installs infrastructure. This will accelerate the scheduling by
SERVICEPower of a further 150 contract staff. The Amerilink project also
involved the deployment of ServiceMobility, Servicepower's state of the art
mobile application which allows technicians to send status and job completion
details back to ServicePower and the billing systems. Installs will be extending
the rollout to all parts of their business.
Whilst initially the concept uptake was slow, it is now very clear that in the
US service delivery companies are moving to use more contract staff and less
employed staff in an effort to minimise their cost base and better map resources
to the shifting patterns of their work. The directors are confident this market
development is set to continue.
Note: ServicePower refers to the company and SERVICEPower refers to the product.
Contacts:
Barry Welck, Chairman Tel: 01923 850863
David Brisco, Chief Executive Officer Tel: 0161 476 2277
Tom Price, Evolution Beeson Gregory Limited Tel: 020 7488 4300
This information is provided by RNS
The company news service from the London Stock Exchange
END
RNS Number:1636S
ServicePower Technologies PLC
18 November 2003
ServicePower Technologies PLC
("ServicePower" or the "Company")
contract update
ServicePower announces extension to contract
Contractor scheduling solution
ServicePower, the recognised market leader in artificial intelligence based,
field service scheduling applications, today announced an extension to the
existing contractor-scheduling contract with Installs, Inc. In the Chairman's
Statement in March, ServicePower announced Installs had gone live with the
implementation of a new product to schedule the work of contractors, rather than
employed technicians. The number of contractors on the system has risen quickly
over recent months to more than 600. Following this successful implementation
the directors are pleased to report Installs is now able to offer a
substantially improved service to its clients. It has recently won an exclusive
contract with Cablevision to install satellite systems across the US for the new
"Voom" high definition television (HDTV) service launched in October. It is
anticipated this will result in at least 300 additional contract installers
being scheduled by SERVICEPower.
Also in March, ServicePower announced the commencement of work with one of the
largest electrical retailers in the US to develop and implement a contractor
scheduling system. The company, which can now be identified as Radioshack has
recently sold its service business, Amerilink, to Installs and the work of
installing home satellite receiver systems will now be scheduled through the
existing Installs infrastructure. This will accelerate the scheduling by
SERVICEPower of a further 150 contract staff. The Amerilink project also
involved the deployment of ServiceMobility, Servicepower's state of the art
mobile application which allows technicians to send status and job completion
details back to ServicePower and the billing systems. Installs will be extending
the rollout to all parts of their business.
Whilst initially the concept uptake was slow, it is now very clear that in the
US service delivery companies are moving to use more contract staff and less
employed staff in an effort to minimise their cost base and better map resources
to the shifting patterns of their work. The directors are confident this market
development is set to continue.
Note: ServicePower refers to the company and SERVICEPower refers to the product.
Contacts:
Barry Welck, Chairman Tel: 01923 850863
David Brisco, Chief Executive Officer Tel: 0161 476 2277
Tom Price, Evolution Beeson Gregory Limited Tel: 020 7488 4300
This information is provided by RNS
The company news service from the London Stock Exchange
END
Juzzle
- 18 Nov 2003 10:41
- 51 of 248
Installs Inc. has some really big customers in the retail field across 48 states. Lots of big name department stores and specialist chains. They include RadioShack (formerly Tandy) with 7200 branches in the US and connections worldwide.
Edit: Ah, I see the above posting includes most of what I was about to add. Thanks Linzi.
Edit: Ah, I see the above posting includes most of what I was about to add. Thanks Linzi.
goldfinger
- 18 Nov 2003 10:41
- 52 of 248
Thank goodness. Knew my informant would come good in the end. Close call though.
cheers GF.
cheers GF.
Juzzle
- 18 Nov 2003 10:47
- 53 of 248
To be represented in every neighbourhood in every US state (which is Radioshack's claim) gives SVR an almighty wide toehold. I hope a few journalists wake up to the significance of this.
Click on radioshackcorporation.com
And just look at whom Installs.Inc count among their clients:
Installs Inc - Clients
The possibilty of SVR being snapped up by some US company does not sound an unrealistic thought. (I seem to recall that the Consumer Products division of General Electric had a significant warrants holding. Is that still the case?)
Click on radioshackcorporation.com
And just look at whom Installs.Inc count among their clients:
Installs Inc - Clients
The possibilty of SVR being snapped up by some US company does not sound an unrealistic thought. (I seem to recall that the Consumer Products division of General Electric had a significant warrants holding. Is that still the case?)
ajren - 18 Nov 2003 12:10 - 54 of 248
hawick
- 19 Nov 2003 09:51
- 55 of 248
Installs is a class contract to have. This company seems to be gaining a lot of status in the US as well as the UK. Their contacts with GEC can only be great news. Looks like your contact uncovered a good one Goldfinger. Here's hoping for more contracts in the coming months! I read somewhere they now rent their products as well as sell them. Should be a nice extra earner.
richstuch
- 19 Nov 2003 10:45
- 56 of 248
Goldfinger, is this the news that you were talking about? I thought you were talking about a takeover.
In any event the rise of 3p yesterday was on the back of a 9p loss over the last few weeks. Hope there is still more movement upwards on this one.
Rich
In any event the rise of 3p yesterday was on the back of a 9p loss over the last few weeks. Hope there is still more movement upwards on this one.
Rich
hawick
- 19 Nov 2003 11:10
- 57 of 248
I believe the management spend a lot of time overseas and I for one would anticipate more contracts in the coming months. Remember that the shares were 5p so a bit of profit taking in the 30s was hardly a surprise! Now they have resumed the upward trend i am confident of the future.has an impressive list of blue chip clients that should underpin the shares. Takeovers take time, my own hope is that will happen maybe next year as they have a niche product a lot of software companies would die for!
Share Bear
- 19 Nov 2003 13:06
- 58 of 248
ThankS Very much foR the update mate!
goldfinger
- 19 Nov 2003 15:40
- 59 of 248
Rich, I think harwick knows more about this one than me. I think theres more to come.
cheers GF.
cheers GF.
buckets - 29 Nov 2003 11:26 - 60 of 248
I see this is a BUY in todays Red Hot Penny Shares...be interesting to see what happens on Monday morning
LINZIMASON - 29 Nov 2003 14:21 - 61 of 248
Mmmmm, I shall be watching indeed, got quite a few of these! Best of luck those holding.
goldfinger
- 30 Nov 2003 01:53
- 62 of 248
Tipped in red hot penny shares.
gf
gf
catch22 - 30 Nov 2003 20:06 - 63 of 248
So Red Hot Penny Shares joins in. Must have been picking its tips up from the Times which published contract rumours over a week ago.
Hawick, if its going to be takeover, by whom do you reckon, or is it just wishful thinking.
Major Major Major
Hawick, if its going to be takeover, by whom do you reckon, or is it just wishful thinking.
Major Major Major
ricardopage - 04 Dec 2003 21:27 - 64 of 248
looking a bit stronger today with the bid staying firm. I'm hoping for more solid contract news before xmas to keep this moving in the right direction rather than rumours of possible takeovers.
ricardopage - 05 Dec 2003 10:41 - 65 of 248
quite low volume, but this is motoring along and has looked pretty strong for last few days.
Is something in the offing or is it just a delayed reaction to the red hot tip?
Is something in the offing or is it just a delayed reaction to the red hot tip?
goldfinger
- 05 Dec 2003 23:41
- 66 of 248
Probably a mixture of things RP. Glad I stayed cool and stayed in. Must admit at one time my finger was hovering over the sell button.
cheers GF.
cheers GF.
catch22 - 07 Dec 2003 09:29 - 67 of 248
RP,
Low vol - I dont understand. SVR has less than 60m shars in issue. So Friday had over 1% of them being traded. Take out those held by directors and institutions the figre is probably 2.5%.
Have a look back several months& I expect you will see the trades being less than 100k per day.
Its this volume that is giving it the volatility (however its spelt!)
May next week be as interesting as last
lol all
Major Major Major
Low vol - I dont understand. SVR has less than 60m shars in issue. So Friday had over 1% of them being traded. Take out those held by directors and institutions the figre is probably 2.5%.
Have a look back several months& I expect you will see the trades being less than 100k per day.
Its this volume that is giving it the volatility (however its spelt!)
May next week be as interesting as last
lol all
Major Major Major
LINZIMASON - 08 Dec 2003 11:08 - 68 of 248
Nice and steady again today
ricardopage - 08 Dec 2003 13:15 - 69 of 248
Catch22 you're quite right, ended up 3x the 50 and 200 day average on Friday.
I must have had a late night.
I must have had a late night.
LINZIMASON - 08 Dec 2003 15:56 - 70 of 248
Funnily enough, I bought a load of these and immediately lost a bundle, been sitting on them for weeks and just thinking, "if only I could get my money back". Now I'm in profit and I'm thinking "bugger getting my money back, these could just go ballistic on some more actual news". Anyone else?
hawick
- 08 Dec 2003 23:13
- 71 of 248
Linzi, I am in this one for 6-12 months morre. Bit of resistance round here no surprise but plenty more contract news hoped for - management not long back from the US - and one broker predicting 4.2p eps next year. If we go back to 35p, I am in for more.
goldfinger
- 09 Dec 2003 12:07
- 72 of 248
The defered contract news isnt as bad as it seems but for the time being Im out of these with a view to getting in back in the new year.
A small profit taken.
cheers GF.
A small profit taken.
cheers GF.
sinutab - 09 Dec 2003 12:13 - 73 of 248
im out of these too.
nice profit made too risky to stay in.
nice profit made too risky to stay in.
goldfinger
- 09 Dec 2003 12:17
- 74 of 248
LONDON (AFX) - ServicePower Technologies PLC warned that its full-year
revenue will come in lower than market expectations despite announcing today a
contract win which could be the largest in the company's history.
It also said several other Fortune 500 companies which were to place
significant contracts with the company in the fourth quarter have deferred their
capital expenditure proejcts into next year.
The software company said it has submitted tenders for an unprecedented
number of contracts, but "the larger US companies are insisting on a proof of
concept and live pilot running prior to the purchase of a software license".
"...despite the record contract signings, the revenue for the full year will
be less than current market forecasts because much of the revenue associated
with these contracts will fall into 2004," the group said.
To avoid the business risk, the group said it is keen to implement a
"Fulcrum" business model based upon long-term contracts delivering regular
monthly revenue and cash from a transaction-based pricing model.
On a more positve note, the group said the contracts it won with a Fortune
100 company and a US company are proceeding well, and it expects to sign full
contracts next year.
ServicePower also announced it has signed a Memorandum of Understanding with
General Electric Consumer Products (GECP) to take over the management of
processing warranty claims and dispatching the work to their independent
servicers across the US.
The deal will generate revenue in excess of 10 mln stg over a five-year
period and a definite contract would be the largest contract award in its
history. The two companies hope to complete the deal by the end of this year.
In order to expand its relationship with GECP, the group is in advanced
talks to buy a US company that has a long established position in the market for
electronic claims processing and jobs dispatch.
ServicePower has been providing its routing software for GECP's field
service technicians. Under the deal, it would manage a significant part of GECP
major appliance, consumer electronics and personal computer warranty claims.
Chris Smith, general manager of GECP Warranty Management, will join
ServicePower as CEO of this new business.
newsdesk@afxnews.com
shw
cheers Gf.
revenue will come in lower than market expectations despite announcing today a
contract win which could be the largest in the company's history.
It also said several other Fortune 500 companies which were to place
significant contracts with the company in the fourth quarter have deferred their
capital expenditure proejcts into next year.
The software company said it has submitted tenders for an unprecedented
number of contracts, but "the larger US companies are insisting on a proof of
concept and live pilot running prior to the purchase of a software license".
"...despite the record contract signings, the revenue for the full year will
be less than current market forecasts because much of the revenue associated
with these contracts will fall into 2004," the group said.
To avoid the business risk, the group said it is keen to implement a
"Fulcrum" business model based upon long-term contracts delivering regular
monthly revenue and cash from a transaction-based pricing model.
On a more positve note, the group said the contracts it won with a Fortune
100 company and a US company are proceeding well, and it expects to sign full
contracts next year.
ServicePower also announced it has signed a Memorandum of Understanding with
General Electric Consumer Products (GECP) to take over the management of
processing warranty claims and dispatching the work to their independent
servicers across the US.
The deal will generate revenue in excess of 10 mln stg over a five-year
period and a definite contract would be the largest contract award in its
history. The two companies hope to complete the deal by the end of this year.
In order to expand its relationship with GECP, the group is in advanced
talks to buy a US company that has a long established position in the market for
electronic claims processing and jobs dispatch.
ServicePower has been providing its routing software for GECP's field
service technicians. Under the deal, it would manage a significant part of GECP
major appliance, consumer electronics and personal computer warranty claims.
Chris Smith, general manager of GECP Warranty Management, will join
ServicePower as CEO of this new business.
newsdesk@afxnews.com
shw
cheers Gf.
hawick
- 09 Dec 2003 12:27
- 75 of 248
Looks like a lot depends on the GEC tie-up. Another contract as anticipated with a Fortune 100 company in the US hidden away in there. Lower revenues spooked the market, but a $10 million contract over 5 years would be better than I had dared hope for. The market hates uncertainty, but IF the contract is signed these will not merely fly but rocket! I am staying in.
LINZIMASON - 09 Dec 2003 12:31 - 76 of 248
So am I
Share_Bear - 09 Dec 2003 12:36 - 77 of 248
Linzi, it seems I can't get this one right! Our weddding is well and truly off, since I bought in when the statement came out at 41p! :-(
LINZIMASON - 09 Dec 2003 15:16 - 78 of 248
Oh No - not again. You sold yours the other day and then bought the same ones back at a higher price????
SB I don't believe it. In the olden days, it was called being jilted at the alter, nowadays, well, words fail me. If it's really another woman, I'll understand SB.
SB I don't believe it. In the olden days, it was called being jilted at the alter, nowadays, well, words fail me. If it's really another woman, I'll understand SB.
catch22 - 11 Dec 2003 22:34 - 79 of 248
deadline 31 Dec but could, I assume, be announced well before that.
If you ain't in, you can't win.
If you ain't in, you can't win.
LINZIMASON - 15 Dec 2003 09:36 - 80 of 248
Headbanging again today. C'mon, break through!
catch22 - 03 Jan 2004 17:11 - 81 of 248
no news. Any views?
catch22 - 05 Jan 2004 20:58 - 82 of 248
new 12 month high. Is this the breakout above 40p.
Is this in anticipation of the RNS
Does someone know something.
Major Major
Is this in anticipation of the RNS
Does someone know something.
Major Major
catch22 - 07 Jan 2004 19:54 - 83 of 248
Contract announced, shares up 15% - where is everybody or am I the only one left.
MM
MM
gordon geko
- 12 Jan 2004 12:01
- 84 of 248
tiiped recently in RHPS with target of 80p can see that in the not to distant future also another similiar contract about to be announced
Indiana - 12 Jan 2004 12:52 - 85 of 248
ttt
gordon geko
- 14 Jan 2004 10:58
- 86 of 248
got out of thus and into SVR not good timing on my part but its all about timing and hopefully in med term will prove right but hurts at the moment
catch22 - 14 Jan 2004 21:07 - 87 of 248
gg,
feeling better now?
mm
feeling better now?
mm
Soulretro - 15 Jan 2004 09:29 - 88 of 248
Shares Magazine
Brokers Tips:
*Buy - Bovis , ServicePower , Centrica .
*Sell - Bunzl , Brown & Jackson (LSE: BRJK.L - news) .
Brokers Tips:
*Buy - Bovis , ServicePower , Centrica .
*Sell - Bunzl , Brown & Jackson (LSE: BRJK.L - news) .
goldfinger
- 15 Jan 2004 15:29
- 89 of 248
Gone back into this one today. looking forward to motre contract news that will surely move the price northwards.
cheers GF.
cheers GF.
gordon geko
- 15 Jan 2004 17:39
- 90 of 248
GF nice to see our paths crossing again what do you think about this one
not to imformed about it on the service looks good
not to imformed about it on the service looks good
ckmtang - 15 Jan 2004 22:06 - 91 of 248
What is the recent news for SVR? It drop a bit today in the market.
goldfinger
- 15 Jan 2004 23:48
- 92 of 248
Plenty of contracts coming its way Guys. Should keep the price positive in the long run.
cheers GF.
cheers GF.
goldfinger
- 16 Jan 2004 11:41
- 93 of 248
Up 2p this morning and medium term trend is higher.
cheers GF.
cheers GF.
gordon geko
- 16 Jan 2004 13:58
- 94 of 248
article in shares mag yesterday suggesting Evoultion Beeson Gregory about
to upgrade and rates stock as buy
to upgrade and rates stock as buy
Legins
- 16 Jan 2004 15:13
- 95 of 248
Cheers GF for your thread on this share. I'm pleasantly in profit from some following up on research and getting in at 36.8p Any guess on what the next resistance level may be?
goldfinger
- 17 Jan 2004 03:14
- 96 of 248
When EBG come out with the upgrade I will post the main points here. If you want a copy let me know.
Cheers GF.
Cheers GF.
goldfinger
- 17 Jan 2004 03:17
- 97 of 248
Legins, sorry not sure at the moment, will have to do a bit of research. Been very busy since the new year, my appologies.
cheers GF.
cheers GF.
garth
- 17 Jan 2004 07:58
- 98 of 248
GF,
holding these. Waiting with anticipation.
G.
holding these. Waiting with anticipation.
G.
goldfinger
- 19 Jan 2004 01:53
- 99 of 248
Should see them going further north this week.
cheers Gf.
cheers Gf.
gordon geko
- 19 Jan 2004 14:29
- 100 of 248
rumour of contract win to be annouced this week ?? expect brokers note out same time if correct ??
McPaulass - 19 Jan 2004 19:47 - 101 of 248
I tried to increase my holdings in this company this afternoon,but without success.Is there a shortage of stock does anyone know.Sharescope shows 56.8 mil on issue. Are the large majority held by institutions??
goldfinger
- 20 Jan 2004 00:12
- 102 of 248
Yes theres a lot of rumours doing the rounds about a contract win, mind the company have said in the last RNS that they are in talks with a big USA outfit and have signed a letter of intent.
cheers GF.
cheers GF.
gordon geko
- 20 Jan 2004 16:36
- 103 of 248
bit of profit taking going on as most of the biggert trades are sellers ??
piston broke
- 20 Jan 2004 17:37
- 104 of 248
Could be some value in this after todays fall and rumours of another contract win around the corner
goldfinger
- 20 Jan 2004 17:43
- 105 of 248
PB, talk of that contract coming very soon aswell.
cheers Gf.
cheers Gf.
ricardopage - 20 Jan 2004 17:49 - 106 of 248
ServicePower has announced it has signed a major agreement with General Electric Consumer & Industrial, referred to as GEC&I; a business unit of the General Electric Company. ServicePower and GEC&I will develop an innovative, state-of-the-art system for processing and managing GEC&I's warranty claims and to manage the dispatch of work to key segments of GEC&I's independent servicers across the U.S.
To read this announcement in full, please click on the following URL:
http://www.servicepower.com/cgi-bin/press/pressreader.cgi?p=news&n=2
To read this announcement in full, please click on the following URL:
http://www.servicepower.com/cgi-bin/press/pressreader.cgi?p=news&n=2
piston broke
- 20 Jan 2004 17:54
- 107 of 248
Ricardo...that was the one on the 7th Jan that had already been built in....there is more to come
ricardopage - 20 Jan 2004 17:57 - 108 of 248
They (ServicePower) only just got round to mailing me that!
gordon geko
- 20 Jan 2004 22:44
- 109 of 248
told another contract and brpker upgrade round the corner
goldfinger
- 21 Jan 2004 00:11
- 110 of 248
Spot on Gordon, my Broker Evolution Beeson Gregory in its last note said this, BUY, and main points were, the plan is to broarden the offering to third parties after the GECI deal. Outsourcing consumer after sales service for most leading electrical manufacturers and retailers in the US. This offer will be taken up very seriously in what is an absolutely huge market place. They then go on to say, the real value comes in when other manufacturers use the service for little extra cost to SVR.
WE WILL BE UPGRADING OUR FORECASTS SHORTLY.ENDS.
Well we are awaiting these upgrades because they have another US giant in talks with the company.
I dont really think a lot of investors have realised just how big a deal this is and just how many add ons they will achieve.
cheers GF.
ps, as soon as the update is out I will post the news.
WE WILL BE UPGRADING OUR FORECASTS SHORTLY.ENDS.
Well we are awaiting these upgrades because they have another US giant in talks with the company.
I dont really think a lot of investors have realised just how big a deal this is and just how many add ons they will achieve.
cheers GF.
ps, as soon as the update is out I will post the news.
goldfinger
- 21 Jan 2004 10:30
- 111 of 248
Just to remind investors what the business of sService power is about, here is a recent interview with the CEO carried out by the Wall Street Tribune........
Interview with the CEO of Service Power, conducted by the Wall Street Tribune.
CEO of ServicePower says there is a large and growing marketplace for its unique workforce optimization software
IAN MACKINNON is the Chief Executive of ServicePower Inc.
TWST: Would you begin with a brief historical sketch of ServicePower (London: SVR.L) and an overview of where you are now?
Mr. MacKinnon: ServicePower was formed in 1996 as a management buy-out from ICL Fujitsu, and was listed on the London Stock Exchange (LSE: LSE.L - news) in April 2000. Our operation is world-wide, but currently we are focused on companies in the U.S. and Europe. ServicePower specializes in workforce optimization software which applies state-of-the-art IT, based on artificial intelligence (AI) techniques, to optimize utilization of "service workers". At the heart of the system is a sophisticated and powerful real-time scheduling engine. This engine is comprised of two schedulers that work together in phases to create and maintain an optimal schedule. Our product enables businesses to manage their service level agreements, make sure that they meet customer service, and do it all very efficiently, minimizing the use of staff and making sure that they get the right spare parts to location.Currently, our share price is around 12p and our brokers have just done a report and believe our share price represents an 8 times multiple on their forecast for next year's earnings. They expect us to be profitable and cash generative. So it's a very reasonable valuation with a lot of upside.
TWST: Can you explain the contractor model in more detail? Does that mean your customers are also potential partners?
Mr. MacKinnon: Currently, the majority of our business involves selling to large, enterprise type companies who have their own field service resources. However, we also wanted to address a growing trend amongst these companies to employ contract staff to complete work previously done by their own staff. As I mentioned, we've recently joined up with GECP to work on this contractor model, and we are looking to tie up with a second customer in the near future. According to the statistics there are currently about 3.5 million contractors in the U.S. who are working in small companies of under-50 people. These smaller companies have to carefully balance their IT requirements against other business needs, and investment in technology is usually quite low- they simply can't afford the sort of sophisticated workforce optimization software that we offer to large companies. Therefore, we are looking at an ASP model that will enable us to provide them with access to these systems at a more affordable price. Essentially, we've been tying up with companies that I call 'brokers'. For example, Installs Inc., (formerly DigiVision) the largest installer of satellite dishes in the U.S., receives work from Radio Shack and then passes that work out to independent contractors. Working directly with Installs, we are paid on a per-transaction basis. We also aim to encourage these contractors to not just do the work they are currently getting from Installs, but also to use the systems for scheduling the work they generate on their own. We believe it is a very big opportunity for us.
TWST: Is this something you've been investing in and been heavily focused on over the past year or so, and are you basically ready for that opportunity now or is there some more work to be done?
Mr. MacKinnon: We have recognized that the small company market is very attractive to us and are investing in it. A majority in this market are badly served by IT, but at the same time, its a very difficult market to enter. Most of last year's development was aimed at further extending the scalability of SERVICEPower. For example, SERVICEPower used to be able to handle 20,000 technicians doing approximately 10,000 jobs an hour, which is a pretty damn good rate. We have now extended that capability so there is effectively 'no limit' to scalability. We have tested and proven the system on 128,000 jobs an hour and that's the sort of throughput you need if you are going to have a large web-based application, handling many thousands of contractors, all getting their work through the Internet.ENDS.
cheers GF.
Interview with the CEO of Service Power, conducted by the Wall Street Tribune.
CEO of ServicePower says there is a large and growing marketplace for its unique workforce optimization software
IAN MACKINNON is the Chief Executive of ServicePower Inc.
TWST: Would you begin with a brief historical sketch of ServicePower (London: SVR.L) and an overview of where you are now?
Mr. MacKinnon: ServicePower was formed in 1996 as a management buy-out from ICL Fujitsu, and was listed on the London Stock Exchange (LSE: LSE.L - news) in April 2000. Our operation is world-wide, but currently we are focused on companies in the U.S. and Europe. ServicePower specializes in workforce optimization software which applies state-of-the-art IT, based on artificial intelligence (AI) techniques, to optimize utilization of "service workers". At the heart of the system is a sophisticated and powerful real-time scheduling engine. This engine is comprised of two schedulers that work together in phases to create and maintain an optimal schedule. Our product enables businesses to manage their service level agreements, make sure that they meet customer service, and do it all very efficiently, minimizing the use of staff and making sure that they get the right spare parts to location.Currently, our share price is around 12p and our brokers have just done a report and believe our share price represents an 8 times multiple on their forecast for next year's earnings. They expect us to be profitable and cash generative. So it's a very reasonable valuation with a lot of upside.
TWST: Can you explain the contractor model in more detail? Does that mean your customers are also potential partners?
Mr. MacKinnon: Currently, the majority of our business involves selling to large, enterprise type companies who have their own field service resources. However, we also wanted to address a growing trend amongst these companies to employ contract staff to complete work previously done by their own staff. As I mentioned, we've recently joined up with GECP to work on this contractor model, and we are looking to tie up with a second customer in the near future. According to the statistics there are currently about 3.5 million contractors in the U.S. who are working in small companies of under-50 people. These smaller companies have to carefully balance their IT requirements against other business needs, and investment in technology is usually quite low- they simply can't afford the sort of sophisticated workforce optimization software that we offer to large companies. Therefore, we are looking at an ASP model that will enable us to provide them with access to these systems at a more affordable price. Essentially, we've been tying up with companies that I call 'brokers'. For example, Installs Inc., (formerly DigiVision) the largest installer of satellite dishes in the U.S., receives work from Radio Shack and then passes that work out to independent contractors. Working directly with Installs, we are paid on a per-transaction basis. We also aim to encourage these contractors to not just do the work they are currently getting from Installs, but also to use the systems for scheduling the work they generate on their own. We believe it is a very big opportunity for us.
TWST: Is this something you've been investing in and been heavily focused on over the past year or so, and are you basically ready for that opportunity now or is there some more work to be done?
Mr. MacKinnon: We have recognized that the small company market is very attractive to us and are investing in it. A majority in this market are badly served by IT, but at the same time, its a very difficult market to enter. Most of last year's development was aimed at further extending the scalability of SERVICEPower. For example, SERVICEPower used to be able to handle 20,000 technicians doing approximately 10,000 jobs an hour, which is a pretty damn good rate. We have now extended that capability so there is effectively 'no limit' to scalability. We have tested and proven the system on 128,000 jobs an hour and that's the sort of throughput you need if you are going to have a large web-based application, handling many thousands of contractors, all getting their work through the Internet.ENDS.
cheers GF.
goldfinger
- 21 Jan 2004 12:05
- 112 of 248
Srong looking TA.
Positive Candidate (Medium term) - Jan 20, 2004
Has risen 1163% since the bottom on 4 Dec 2002 at 4.00. Is within a rising trend and continued advance within the current trend is indicated. On reactions back, there is support against the floor of the trend channel. Positive volume balance strengthens the stock further in the short term. The stock has support at p 27.40. High risk with an average difference between the lowest and the highest price of the month.
cheers Gf.
Positive Candidate (Medium term) - Jan 20, 2004
Has risen 1163% since the bottom on 4 Dec 2002 at 4.00. Is within a rising trend and continued advance within the current trend is indicated. On reactions back, there is support against the floor of the trend channel. Positive volume balance strengthens the stock further in the short term. The stock has support at p 27.40. High risk with an average difference between the lowest and the highest price of the month.
cheers Gf.
goldfinger
- 21 Jan 2004 16:02
- 113 of 248
Still in positive teritory.
cheers GF
cheers GF
catch22 - 21 Jan 2004 21:11 - 114 of 248
Good to see that SVR has support at 27.40p - only a 40% drop from 51p - very comforting.
:-)
major major
(edited )
:-)
major major
(edited )
goldfinger
- 21 Jan 2004 21:26
- 115 of 248
Shares Magazine
Brokers Tips:
*Buy - Bovis , ServicePower , Centrica .
cheers Gf
Brokers Tips:
*Buy - Bovis , ServicePower , Centrica .
cheers Gf
goldfinger
- 22 Jan 2004 00:11
- 116 of 248
Deal still on the horizon, come on SVR lets have an RNS.
cheers Gf.
cheers Gf.
gordon geko
- 22 Jan 2004 10:13
- 117 of 248
slipping back as people take profits waht about the broker upgrade talked about last week and the new contract ??? not confdent enought to buy any more
GF what about IEN ???
GF what about IEN ???
goldfinger
- 22 Jan 2004 11:31
- 118 of 248
Hi Gordon, yes this one is a frustrating share it seems to do well for a couple of weeks then falls back to sleep. Going to check out EV BEE GREG to see if they heve an update but I suspect they will wait until details of this new contract are announced and lump it all together.
IEN, been in it before. These companies seem to have a lot of competition. Dont know the present state of play but thanks will have a gander.
cheers GF.
IEN, been in it before. These companies seem to have a lot of competition. Dont know the present state of play but thanks will have a gander.
cheers GF.
goldfinger
- 27 Jan 2004 01:49
- 119 of 248
Could have the contract news finaly out this week, hoping for it very soon.
cheers Gf.
cheers Gf.
LINZIMASON - 27 Jan 2004 07:50 - 120 of 248
.
goldfinger
- 27 Jan 2004 09:50
- 121 of 248
What does dot mean???????
cheers GF.
cheers GF.
LINZIMASON - 27 Jan 2004 12:19 - 122 of 248
Sorry GF - I did a whoopsie, was meant to be on the SPS thread! Don't worry, I cleared it up.
goldfinger
- 27 Jan 2004 17:43
- 123 of 248
No worries were have you been on SC?.
cheers GF.
cheers GF.
catch22 - 03 Feb 2004 22:08 - 124 of 248
GF,
any word from your brokers yet
MM
any word from your brokers yet
MM
goldfinger
- 03 Feb 2004 23:55
- 125 of 248
Not yet C22 but dont you worry as son as newis out it will bo on here. Good luck.
Cheersd GF.
Cheersd GF.
gordon geko
- 04 Feb 2004 18:08
- 126 of 248
is this the bottom for the moment ??
catch22 - 04 Feb 2004 23:12 - 127 of 248
gg
no or do I mean yes.
no or do I mean yes.
gordon geko
- 05 Feb 2004 17:15
- 128 of 248
something about to come out ??
greasepaint - 05 Feb 2004 17:37 - 129 of 248
gg,
being tipped tomorrow?
being tipped tomorrow?
waz_winn - 06 Feb 2004 06:20 - 130 of 248
goldfinger ya goose...your great pal is actually a tip sheet!
piston broke
- 06 Feb 2004 17:11
- 131 of 248
waz winn..is Arjay your Pseudonym, as your messages are as negative as his
catch22 - 06 Feb 2004 20:16 - 132 of 248
price on 5th Oct = 36p
price today = 48p
increase of 12p or 33%.
I don't care if GF's friend is a tipsheet, that's at least one more than you waz-winn
price today = 48p
increase of 12p or 33%.
I don't care if GF's friend is a tipsheet, that's at least one more than you waz-winn
goldfinger
- 07 Feb 2004 23:34
- 133 of 248
Cheers catch22, nice to have a third more money in the back pocket than I did in mid october. Watch out, more on its way.
cheers GF.
cheers GF.
goldfinger
- 11 Feb 2004 00:42
- 134 of 248
Seems to have been very strong over the last few days.
cheers GF.
cheers GF.
petesteve
- 11 Feb 2004 14:00
- 135 of 248
can anyone explain why the buys are treble the sells yet the price has dropped I would have thought the more buy then the price would go up
goldfinger
- 11 Feb 2004 21:03
- 136 of 248
I PS, doesnt always work that way on the normal laws of supply and demand.
MMs make their money from turnover wether it be buys, sells or a combination of both and also what they are holding at anyone time.
Dont worry this ones going up in the med to long term.
cheers Gf.
MMs make their money from turnover wether it be buys, sells or a combination of both and also what they are holding at anyone time.
Dont worry this ones going up in the med to long term.
cheers Gf.
goldfinger
- 11 Feb 2004 21:04
- 137 of 248
I PS, doesnt always work that way on the normal laws of supply and demand.
MMs make their money from turnover wether it be buys, sells or a combination of both and also what they are holding at anyone time.
Dont worry this ones going up in the med to long term.
cheers Gf.
MMs make their money from turnover wether it be buys, sells or a combination of both and also what they are holding at anyone time.
Dont worry this ones going up in the med to long term.
cheers Gf.
goldfinger
- 12 Feb 2004 10:21
- 138 of 248
Strong looking chart and TA.
Positive Candidate (Medium term) - Feb 11, 2004
Has risen 1138% since the bottom on 4 Dec 2002 at 4.00. Is within a rising trend, which indicates a continued growth. The stock has support at p 37.50.
Period Vol.bal. Volatility Liquidity +/- %
1 day - 2.51% 6.78 -2.94%
5 days 10.55 9.95% 8.86 +10.00%
22 days 44.95 36.63% 12.83 -8.33%
66 days 50.31 104.38% 15.81 +80.00%
cheers GF.
Positive Candidate (Medium term) - Feb 11, 2004
Has risen 1138% since the bottom on 4 Dec 2002 at 4.00. Is within a rising trend, which indicates a continued growth. The stock has support at p 37.50.
Period Vol.bal. Volatility Liquidity +/- %
1 day - 2.51% 6.78 -2.94%
5 days 10.55 9.95% 8.86 +10.00%
22 days 44.95 36.63% 12.83 -8.33%
66 days 50.31 104.38% 15.81 +80.00%
cheers GF.
gordon geko
- 12 Feb 2004 17:26
- 139 of 248
found reverse gear again....
goldfinger
- 12 Feb 2004 23:33
- 140 of 248
Yup gordon just when you think its going to break away. Still news flow should push it along later.
cheers Gf.
cheers Gf.
petesteve
- 13 Feb 2004 11:12
- 141 of 248
thanks Gf.hopefully there about to go up again
greasepaint - 13 Feb 2004 12:46 - 142 of 248
Up she goes
catch22 - 14 Feb 2004 14:29 - 143 of 248
not a bad end to the week. plenty of trades from private investors judging by the size.
mm
mm
dick dasterdly - 18 Feb 2004 21:05 - 144 of 248
GF didnt i hear rumour somewhere of either a rights issue or placing
did you ???
did you ???
goldfinger
- 18 Feb 2004 23:58
- 145 of 248
Greenbaum associates to resell SERVICEPower in Germany, Austria, and Switzerland
ServicePower increases presence in German speaking countries
Stockport, UK, February 18, 2004 -- ServicePower (LSE: SVR), a global developer and supplier of workforce optimisation software for the Customer Relationship Management (CRM) market, today announced that greenbaum associates ag will distribute and support the SERVICEPower intelligent scheduler throughout German speaking countries. greenbaum associates, a Swiss management and IT services consultancy, will resell SERVICEPower in Germany, Switzerland, and Austria. Both ServicePower and greenbaum will continue to work with Munich based strategy consultants Barkawi Associates, announced as a ServicePower partner in 2003, who will focus their efforts on providing consultancy support services for SERVICEPower implementations in Germany.
“We are delighted that an organisation with the service experience of greenbaum has agreed to help ServicePower increase its presence in German speaking countries,” said Derek Crumpton, general manager Europe for ServicePower. “The SERVICEPower product will be tailored to meet the needs of these new markets, particularly in terms of language, and we look forward to gaining the same success in these countries as we have already experienced in the UK and U.S.”
“A number of companies in both Germany and Switzerland have expressed an interest in making their field service operations more flexible, efficient, and productive,” commented Michael Mattern, director of greenbaum. “We saw how SERVICEPower improved the productivity of service organisations in other countries and are confident we can help our clients achieve the same improvements,” he added.
About greenbaum associates
greenbaum associates are a services and solutions company based in Central Switzerland and operating throughout Europe. Committed to delivering tangible benefits, greenbaum partners with its clients to help them identify quantifiable enhancements to existing processes and applications and deliver real benefits that become visible in the client’s bottom line. Unlike other strategy and IT consulting firms, greenbaum consultants often work on the basis of clearly defined objectives and success-based fees. With deep industry expertise, a broad network of associates, and proven experience in consulting, distribution, and the deployment of software, greenbaum provide full, end-to-end business solutions. For more information, visit the Web site at: http://www.greenbaum.ch/.
cheers GF.
ServicePower increases presence in German speaking countries
Stockport, UK, February 18, 2004 -- ServicePower (LSE: SVR), a global developer and supplier of workforce optimisation software for the Customer Relationship Management (CRM) market, today announced that greenbaum associates ag will distribute and support the SERVICEPower intelligent scheduler throughout German speaking countries. greenbaum associates, a Swiss management and IT services consultancy, will resell SERVICEPower in Germany, Switzerland, and Austria. Both ServicePower and greenbaum will continue to work with Munich based strategy consultants Barkawi Associates, announced as a ServicePower partner in 2003, who will focus their efforts on providing consultancy support services for SERVICEPower implementations in Germany.
“We are delighted that an organisation with the service experience of greenbaum has agreed to help ServicePower increase its presence in German speaking countries,” said Derek Crumpton, general manager Europe for ServicePower. “The SERVICEPower product will be tailored to meet the needs of these new markets, particularly in terms of language, and we look forward to gaining the same success in these countries as we have already experienced in the UK and U.S.”
“A number of companies in both Germany and Switzerland have expressed an interest in making their field service operations more flexible, efficient, and productive,” commented Michael Mattern, director of greenbaum. “We saw how SERVICEPower improved the productivity of service organisations in other countries and are confident we can help our clients achieve the same improvements,” he added.
About greenbaum associates
greenbaum associates are a services and solutions company based in Central Switzerland and operating throughout Europe. Committed to delivering tangible benefits, greenbaum partners with its clients to help them identify quantifiable enhancements to existing processes and applications and deliver real benefits that become visible in the client’s bottom line. Unlike other strategy and IT consulting firms, greenbaum consultants often work on the basis of clearly defined objectives and success-based fees. With deep industry expertise, a broad network of associates, and proven experience in consulting, distribution, and the deployment of software, greenbaum provide full, end-to-end business solutions. For more information, visit the Web site at: http://www.greenbaum.ch/.
cheers GF.
Legins
- 20 Feb 2004 08:13
- 146 of 248
Excellent news that should move the share price!
ServicePower Technologies PLC
20 February 2004
SERVICEPOWER TECHNOLOGIES PLC
('SERVICEPOWER' OR THE 'COMPANY')
Contract Award
ServicePower, the recognised market leader in artificial intelligence based,
field service scheduling applications, today announced it has signed another
major agreement with a Fortune 250 appliance manufacturer. For confidentiality
and commercial reasons, the Company is not able to name the customer at this
stage. The Company confirms that the Memorandum of Understanding referred to in
the RNS released on the 7th of January has been converted into this contract.
ServicePower will soon begin managing services despatches for part of the
manufacturer's major appliance service needs. This is the same area of business
as that already announced with General Electric and has a transaction-based
pricing structure contracted for two years. The value of the deal is subject to
volume of transactions processed through the system, but based on historical job
levels, the Directors believe that it is likely to be in the region of $500,000
per year. The manufacturer has also agreed to participate in the development of
the 'Fulcrum' application actively being developed with GE.
David Brisco, CEO said 'the signing of the agreement with this manufacturer
confirms that our offering is capable of providing an industry-wide solution.
This confirms our belief that the major appliance and consumer electronics
business is seeking a company with an application capable of consolidating the
market and providing improved customer service whilst driving down costs to all
involved in the service chain. This new business opportunity reinforces the
decision, and accelerates the Company's move from being a software supplier to a
total service provider with its attendant regular monthly revenue and cash'.
Note: ServicePower refers to the company and SERVICEPower refers to the product.
Contacts:
David Brisco, Chief Executive Officer Tel: 0161 476 2277
Barry Welck, Non-executive Chairman Tel: 07831 396539
ServicePower Technologies PLC
Michael Brennan Tel: 020 7071 4300
Evolution Beeson Gregory Limited
ServicePower Technologies PLC
20 February 2004
SERVICEPOWER TECHNOLOGIES PLC
('SERVICEPOWER' OR THE 'COMPANY')
Contract Award
ServicePower, the recognised market leader in artificial intelligence based,
field service scheduling applications, today announced it has signed another
major agreement with a Fortune 250 appliance manufacturer. For confidentiality
and commercial reasons, the Company is not able to name the customer at this
stage. The Company confirms that the Memorandum of Understanding referred to in
the RNS released on the 7th of January has been converted into this contract.
ServicePower will soon begin managing services despatches for part of the
manufacturer's major appliance service needs. This is the same area of business
as that already announced with General Electric and has a transaction-based
pricing structure contracted for two years. The value of the deal is subject to
volume of transactions processed through the system, but based on historical job
levels, the Directors believe that it is likely to be in the region of $500,000
per year. The manufacturer has also agreed to participate in the development of
the 'Fulcrum' application actively being developed with GE.
David Brisco, CEO said 'the signing of the agreement with this manufacturer
confirms that our offering is capable of providing an industry-wide solution.
This confirms our belief that the major appliance and consumer electronics
business is seeking a company with an application capable of consolidating the
market and providing improved customer service whilst driving down costs to all
involved in the service chain. This new business opportunity reinforces the
decision, and accelerates the Company's move from being a software supplier to a
total service provider with its attendant regular monthly revenue and cash'.
Note: ServicePower refers to the company and SERVICEPower refers to the product.
Contacts:
David Brisco, Chief Executive Officer Tel: 0161 476 2277
Barry Welck, Non-executive Chairman Tel: 07831 396539
ServicePower Technologies PLC
Michael Brennan Tel: 020 7071 4300
Evolution Beeson Gregory Limited
gordon geko
- 20 Feb 2004 09:40
- 147 of 248
60p here we come placing too......
gordon geko
- 20 Feb 2004 12:32
- 148 of 248
why has the news not been received better in the price ???
catch22 - 20 Feb 2004 20:57 - 149 of 248
It was to give you a buying opportunity:-)
goldfinger
- 23 Feb 2004 10:42
- 150 of 248
Broker BUY note from EVO BE GREG.......
Evolution Beeson Gregory 22/02/2004
ServicePower (SVR) Buy (unchanged)
Mkt cap: 29m Net cash: 7m M&A Price/Target: 51p/60p
ServicePower raises 5.9m and signs new US contract.
SVR is raising 5.9m to fund the recently announced groundbreaking deal
with GE, the purchase of a US company, and support a new contract signed
with another Fortune 500 appliance manufacturer.
At the June 2003 interims, although it had no debt, the Group had less than
m of net current assets. This was clearly inadequate resources for the
small Stockport-based UK software business to support the contract it signed
at the end of the year to undertake the service management business of
General Electric’s consumer goods in the USA.
We are therefore placing 14.8m shares at 44p, making 5.9m available to fund
what will be a step-change in both the scale of operations and the business
model itself.
In January SVR announced its biggest ever contract; with the Consumer &
Industrial division of General Electric, the US giant with a $330bn market
cap. SVR and GEC&I are developing an innovative state-of-the-art system
for processing and managing the warranty claims on GEC&I’s products and,
more significantly for the business model, to manage the dispatching of
work to key segments of GEC&I's authorized independent servicers across
the US. It is estimated the contract will generate revenue in excess of 10m
over a 5-yr period with the revenue stream starting from February.
We highlighted at the time that the GE deal would be costly to set up and
deploy and does not in itself generate sizeable profit in the near term.
However, what it does is fund the model and infrastructure of a business
which has the opportunity to dominate the warranty service industry in the
US, an enormous market. This then begins to generate siginificant returns if
and when other major manufacturers (and potentially retailers), as well as
GEC&I, are persuaded to take up the proposition. A MoA had already been
made with another, unnamed Fortune 100 appliance manufacturer. That has
now become a signed agreement.
At present the agreement appears to relate to only a portion of the new
manufacturer’s warranty business, but it is a clear statement of intent and
confirms that the service does offer the industry-wide solution envisaged.
The acquisition of the business of KeyPrestige is the final link in the chain
which leads a UK software developer into becoming a total service supplier
in the US. Based in California, KPI is a processor of electronic warranty claim
forms on behalf of manufacturers such as GEC&I.
Resources might have constrainedgrowth.6.5m raised. The GEC&I dealModel requires other manufacturers
to sign up.
New Fortune 100 manufacturer now signs, Key Prestige provides claims
processing.
This fits in neatly with SVR’s total solution for the industry. In order to
despatch the warranty jobs electronically SVR will obtain a royalty free right
from GEC&I to use its IT system. ServicePower will enhance this IT system
by applying both its own technology and KPI’s ClaimWorks software and
will operate the entire IT system independently, under the provisional name
of 'Fulcrum'. All intellectual property developed in conjunction with GEC&I
will be jointly owned by SVR and GEC&I whilst the intellectual property
being acquired from Keyprestige and currently within SVR, will remain
within the Group.
As mentioned this is a very early stage of an enormous concept. The plan is
to put together a business which, with the backing of some of the biggest
names in appliance manufacturing in the US, will seek to dominate the
warranty industry in what is by far the largest consumer market in the
world. By its very nature this is an ambitious long-term plan, however we
are convinced that the technology, the management and the funding is now
in place to achieve this remarkable transformation for SVR. We have revised
our forecasts, both for the future, on the new business model, and the year
just gone; several expected license sales have not been progressed beyond
proof of concepts at this stage. Our revised numbers are very conservative
and simply based on what is currently signed rather than what is likely. We
recommend a BUY
cheers GF.
Evolution Beeson Gregory 22/02/2004
ServicePower (SVR) Buy (unchanged)
Mkt cap: 29m Net cash: 7m M&A Price/Target: 51p/60p
ServicePower raises 5.9m and signs new US contract.
SVR is raising 5.9m to fund the recently announced groundbreaking deal
with GE, the purchase of a US company, and support a new contract signed
with another Fortune 500 appliance manufacturer.
At the June 2003 interims, although it had no debt, the Group had less than
m of net current assets. This was clearly inadequate resources for the
small Stockport-based UK software business to support the contract it signed
at the end of the year to undertake the service management business of
General Electric’s consumer goods in the USA.
We are therefore placing 14.8m shares at 44p, making 5.9m available to fund
what will be a step-change in both the scale of operations and the business
model itself.
In January SVR announced its biggest ever contract; with the Consumer &
Industrial division of General Electric, the US giant with a $330bn market
cap. SVR and GEC&I are developing an innovative state-of-the-art system
for processing and managing the warranty claims on GEC&I’s products and,
more significantly for the business model, to manage the dispatching of
work to key segments of GEC&I's authorized independent servicers across
the US. It is estimated the contract will generate revenue in excess of 10m
over a 5-yr period with the revenue stream starting from February.
We highlighted at the time that the GE deal would be costly to set up and
deploy and does not in itself generate sizeable profit in the near term.
However, what it does is fund the model and infrastructure of a business
which has the opportunity to dominate the warranty service industry in the
US, an enormous market. This then begins to generate siginificant returns if
and when other major manufacturers (and potentially retailers), as well as
GEC&I, are persuaded to take up the proposition. A MoA had already been
made with another, unnamed Fortune 100 appliance manufacturer. That has
now become a signed agreement.
At present the agreement appears to relate to only a portion of the new
manufacturer’s warranty business, but it is a clear statement of intent and
confirms that the service does offer the industry-wide solution envisaged.
The acquisition of the business of KeyPrestige is the final link in the chain
which leads a UK software developer into becoming a total service supplier
in the US. Based in California, KPI is a processor of electronic warranty claim
forms on behalf of manufacturers such as GEC&I.
Resources might have constrainedgrowth.6.5m raised. The GEC&I dealModel requires other manufacturers
to sign up.
New Fortune 100 manufacturer now signs, Key Prestige provides claims
processing.
This fits in neatly with SVR’s total solution for the industry. In order to
despatch the warranty jobs electronically SVR will obtain a royalty free right
from GEC&I to use its IT system. ServicePower will enhance this IT system
by applying both its own technology and KPI’s ClaimWorks software and
will operate the entire IT system independently, under the provisional name
of 'Fulcrum'. All intellectual property developed in conjunction with GEC&I
will be jointly owned by SVR and GEC&I whilst the intellectual property
being acquired from Keyprestige and currently within SVR, will remain
within the Group.
As mentioned this is a very early stage of an enormous concept. The plan is
to put together a business which, with the backing of some of the biggest
names in appliance manufacturing in the US, will seek to dominate the
warranty industry in what is by far the largest consumer market in the
world. By its very nature this is an ambitious long-term plan, however we
are convinced that the technology, the management and the funding is now
in place to achieve this remarkable transformation for SVR. We have revised
our forecasts, both for the future, on the new business model, and the year
just gone; several expected license sales have not been progressed beyond
proof of concepts at this stage. Our revised numbers are very conservative
and simply based on what is currently signed rather than what is likely. We
recommend a BUY
cheers GF.
goldfinger
- 23 Feb 2004 21:19
- 151 of 248
Well it was up but only just. Still think we have a lot to come fron this one in the future.
cheers GF.
cheers GF.
goldfinger
- 02 Mar 2004 01:18
- 152 of 248
Brought back to top because its a very good company.
cheers GF.
cheers GF.
catch22 - 02 Mar 2004 21:32 - 153 of 248
GF,
last couple of trades - 2 buys x 125k?
mm
last couple of trades - 2 buys x 125k?
mm
gordon geko
- 03 Mar 2004 17:26
- 154 of 248
drifting back again ...
catch22 - 03 Mar 2004 20:29 - 155 of 248
yup, reckon we are n for some terbalance until all those additional shares find a nice comfy home.
goldfinger
- 06 Mar 2004 00:27
- 156 of 248
Think you have to be very patient with this one.
cheers Gf.
cheers Gf.
goldfinger
- 10 Mar 2004 00:49
- 157 of 248
Speculation up and down the boards of more contact deals.
cheers GF.
cheers GF.
catch22 - 11 Mar 2004 21:40 - 158 of 248
Which boards GF?
McPaulass - 12 Mar 2004 09:46 - 159 of 248
Catch22. Have you been able to find the boards GF was talking about, re more contract deals. post 156. Grateful for any info. Many thanks. McPaulass
catch22 - 12 Mar 2004 21:40 - 160 of 248
Mc,
Nope. Nothing on Adfvn, Sharecrazy or iii - mind you the last two are dead.
It doesn't do the share or the poster any good.
Nope. Nothing on Adfvn, Sharecrazy or iii - mind you the last two are dead.
It doesn't do the share or the poster any good.
goldfinger
- 12 Mar 2004 23:28
- 161 of 248
Catch 22, guys, my appologies the above post was meant for the armour group thread. I was in a big rush and have even spealt wrongly. my sincere appologies again.
cheers GF.
cheers GF.
catch22 - 13 Mar 2004 20:54 - 162 of 248
no probs GF, thanks for the correction.
goldfinger
- 13 Mar 2004 23:30
- 163 of 248
http://www.servicepower.com/eseminar/presentation4/presentation.ram
This is an interesting E/presentation on the company lasts about 30 mins.
Might have heard it before but for those who havent it gives a good background on the company.
cheers GF.
This is an interesting E/presentation on the company lasts about 30 mins.
Might have heard it before but for those who havent it gives a good background on the company.
cheers GF.
Legins
- 17 Mar 2004 08:07
- 164 of 248
More contract news.
ServicePower Technologies PLC
17 March 2004
SERVICEPOWER TECHNOLOGIES PLC
('SERVICEPOWER' OR THE 'COMPANY')
Strategic Partnership Announcement
ServicePower, the recognised market leader in artificial intelligence based,
field service scheduling applications, today announced it has signed a
Memorandum of Understanding with US Digital Television (USDTV) to provide
installation services for its digital television set-top boxes.
All United States over-the-air broadcast televisions stations are converting to
the new digital format. Digital television receivers featured from USDTV are
capable of receiving this new digital signal, by using either an indoor or an
outdoor antenna. The digital signal will then be displayed in either High
Definition with a HDTV, or in DVD-quality on a traditional analog television.
The requirements for the antenna depend on all kinds of factors such as line of
sight to the broadcast tower and distance. In most cases, these signals can be
received by an indoor (TV top) antenna.
The Agreement, when signed appoints ServicePower the preferred installation
administrator for this nationwide product launch. This is the same area of
business as the two recently announced contracts using transaction-based pricing
commercial models. The contract will be for three years, and annually extendable
thereafter. The value of the deal is subject to volume of transactions processed
through the system, and as this is a new business for USDTV there is no
historical model upon which to base future volumes. Discussions with USDTV
senior management suggest the contract could be worth in excess of 10 million
pounds over three years which would make it, when signed, the largest contract
for the Company.
ServicePower notes the announcement made in the US trade press yesterday and
take confidence that contractual negotiations will be completed soon.
Note: ServicePower refers to the company and SERVICEPower refers to the product.
17th March 2004
ServicePower Technologies PLC
17 March 2004
SERVICEPOWER TECHNOLOGIES PLC
('SERVICEPOWER' OR THE 'COMPANY')
Strategic Partnership Announcement
ServicePower, the recognised market leader in artificial intelligence based,
field service scheduling applications, today announced it has signed a
Memorandum of Understanding with US Digital Television (USDTV) to provide
installation services for its digital television set-top boxes.
All United States over-the-air broadcast televisions stations are converting to
the new digital format. Digital television receivers featured from USDTV are
capable of receiving this new digital signal, by using either an indoor or an
outdoor antenna. The digital signal will then be displayed in either High
Definition with a HDTV, or in DVD-quality on a traditional analog television.
The requirements for the antenna depend on all kinds of factors such as line of
sight to the broadcast tower and distance. In most cases, these signals can be
received by an indoor (TV top) antenna.
The Agreement, when signed appoints ServicePower the preferred installation
administrator for this nationwide product launch. This is the same area of
business as the two recently announced contracts using transaction-based pricing
commercial models. The contract will be for three years, and annually extendable
thereafter. The value of the deal is subject to volume of transactions processed
through the system, and as this is a new business for USDTV there is no
historical model upon which to base future volumes. Discussions with USDTV
senior management suggest the contract could be worth in excess of 10 million
pounds over three years which would make it, when signed, the largest contract
for the Company.
ServicePower notes the announcement made in the US trade press yesterday and
take confidence that contractual negotiations will be completed soon.
Note: ServicePower refers to the company and SERVICEPower refers to the product.
17th March 2004
greasepaint - 17 Mar 2004 19:01 - 165 of 248
This was posted by a BBer on the ADFVN site as worth 10 million dollars.
It could be worth 10 million POUNDS YIPPPPPPPPEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
It could be worth 10 million POUNDS YIPPPPPPPPEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
goldfinger
- 17 Mar 2004 20:46
- 166 of 248
Yes superb news Greasepaint and a nice rise on the market aswell.
cheers GF.
cheers GF.
goldfinger
- 18 Mar 2004 12:48
- 167 of 248
DAILY MAIL
*The Chancellor's speech fails to interrupt a day at the races.
*Rate rise fear as deficit worsens.
*CBI sounds the alert over tax rises in the pipeline.
*Evolution bullish about ServicePower's (SVR.L) prospects.
cheers GF.
*The Chancellor's speech fails to interrupt a day at the races.
*Rate rise fear as deficit worsens.
*CBI sounds the alert over tax rises in the pipeline.
*Evolution bullish about ServicePower's (SVR.L) prospects.
cheers GF.
goldfinger
- 18 Mar 2004 21:33
- 168 of 248
This makes very interesting reading.......
From The Times:
quote:
--------------------------------------------------------------------------------
March 18, 2004
Rumour of the day
SERVICE Power Technologies, the software developer, added 4p to 48p on a deal with US Digital Television, a supplier of set-top boxes, to schedule and manage the installation of TV aerials. However, dealers hear a further tie-up with Xerox is in the offing, while Whirlpool is the previously unnamed Fortune 250 appliance maker from which Service Power won work last month.
cheers Gf.
From The Times:
quote:
--------------------------------------------------------------------------------
March 18, 2004
Rumour of the day
SERVICE Power Technologies, the software developer, added 4p to 48p on a deal with US Digital Television, a supplier of set-top boxes, to schedule and manage the installation of TV aerials. However, dealers hear a further tie-up with Xerox is in the offing, while Whirlpool is the previously unnamed Fortune 250 appliance maker from which Service Power won work last month.
cheers Gf.
goldfinger
- 18 Mar 2004 21:39
- 169 of 248
Broker note from Ev Bee Greg............
Evolution Beeson Gregory 100 Wood Street, London, EC2V 7AN 020 7071 4300
www.evbg.com 17 March 2004
ServicePower (SVR) Buy (unchanged)
Mkt cap: 25m Net cash: 6m Product update Price/Target: 60p
ServicePower moves into US TV aerial installation
ServicePower is close to an agreement to schedule and manage the
installation of any TV aerials which might be required for a new US digital
TV service.
Under 1996 legislation, US terrestrial analogue broadcasts are due to be
switched to digital, in much the same way as in the UK, in order to free up
much needed communications bandwidth. Congress has set a goal for all
U.S. television broadcasts to be digital by the end of 2006. Two-thirds of the
nation's 1,721 television stations are already broadcasting in digital,
according to the US National Association of Broadcasters. However
overriding this deadline, is the stipulation that analogue services cannot be
switched off until at least 85% of US homes can receive digital TV.
The vast majority of US homes have cable or satellite TV. This is generally
analogue and they will still have to take the expensive upgrade to digital
cable. This is not the market ServicePower will be addressing; rather there
are still some 10m lower income US homes reliant upon terrestrial analogue
broadcasts. With this switch to digital, their choice will be to subscribe for
digital cable, buy a new digitally enabled TV, or to buy a digital TV set-top
box to convert their old TV. The first two are likely to be too expensive for
these low income households, leaving the market open for digital TV
suppliers.
USDTV is but one of many digital set-top box suppliers now springing up to
fill this gap in the market. Such boxes can be bought from Fujitsu, Sony etc.
USDTV is different in that, as well as the standard terrestrial channels, its
package also includes the top-10 subscription cable channels which it
broadcasts to its customers. This should indeed make it a very popular
choice. USDTV works by collecting feeds from stations and networks at a
single digital transmission tower, which then uses bandwidth -- bought from
the stations -- to spray the signals to standard UHF/VHF antennas.
Customers must buy a $100 set-top device (sold in Wal-Mart) to decode the
channels, and then pay a monthly subscription thereafter. According to the
Washington Post, USDTV so far has about 1,000 subscribers in Salt Lake City
who pay $20 p.m. for 26 channels. ESPN, Fox News Channel, Disney and
Discovery Channel are among the 10 cable networks included in the
package. This compares favorably with the starting price of $63 p.m. for a
similar high definition digital cable service (excluding the installation
charge). It started broadcasting in Salt Lake City in December, has just
launched in Albuquerque, and plans Las Vegas later this month. USDTV
hopes to serve 30 markets by year's end and has raised $8.5 million in
funding, with an additional $12m available later.
USDTV approached ServicePower to use the infrastructure of its recently set
up warranty serving business, to schedule and manage the installation of TV
aerials where required in these homes. This installation is not a core business
for USDTV and not something it is keen to scale up for. The current estimate
is that 40-60% of its customers will require aerials. The charge will be $77.50,
and the cost will be $65.00. This price is ‘guaranteed’ by USDTV, who will
cover up to $5 of any excess costs for ServicePower.
As with many early stage businesses numbers are purely estimates. Of the
10m homes which must change, USDTV expects 2m will eventually select its
offering. If only 25% of these need aerials, over the next 5 years this contract
alone is worth $39m in revenues and c.$6m profit for ServicePower –
currently a 25m market cap. business. We emphasize that USDTV is an
early stage business in the US, however it appears to have a unique offering,
with the powerful backing of Wal-Mart, and has received plenty of publicity.
However we are not increasing our ServicePower forecasts until we have a
better idea of the take up of this 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.
Numbers could be huge but its too early to say
cheers GF.
Evolution Beeson Gregory 100 Wood Street, London, EC2V 7AN 020 7071 4300
www.evbg.com 17 March 2004
ServicePower (SVR) Buy (unchanged)
Mkt cap: 25m Net cash: 6m Product update Price/Target: 60p
ServicePower moves into US TV aerial installation
ServicePower is close to an agreement to schedule and manage the
installation of any TV aerials which might be required for a new US digital
TV service.
Under 1996 legislation, US terrestrial analogue broadcasts are due to be
switched to digital, in much the same way as in the UK, in order to free up
much needed communications bandwidth. Congress has set a goal for all
U.S. television broadcasts to be digital by the end of 2006. Two-thirds of the
nation's 1,721 television stations are already broadcasting in digital,
according to the US National Association of Broadcasters. However
overriding this deadline, is the stipulation that analogue services cannot be
switched off until at least 85% of US homes can receive digital TV.
The vast majority of US homes have cable or satellite TV. This is generally
analogue and they will still have to take the expensive upgrade to digital
cable. This is not the market ServicePower will be addressing; rather there
are still some 10m lower income US homes reliant upon terrestrial analogue
broadcasts. With this switch to digital, their choice will be to subscribe for
digital cable, buy a new digitally enabled TV, or to buy a digital TV set-top
box to convert their old TV. The first two are likely to be too expensive for
these low income households, leaving the market open for digital TV
suppliers.
USDTV is but one of many digital set-top box suppliers now springing up to
fill this gap in the market. Such boxes can be bought from Fujitsu, Sony etc.
USDTV is different in that, as well as the standard terrestrial channels, its
package also includes the top-10 subscription cable channels which it
broadcasts to its customers. This should indeed make it a very popular
choice. USDTV works by collecting feeds from stations and networks at a
single digital transmission tower, which then uses bandwidth -- bought from
the stations -- to spray the signals to standard UHF/VHF antennas.
Customers must buy a $100 set-top device (sold in Wal-Mart) to decode the
channels, and then pay a monthly subscription thereafter. According to the
Washington Post, USDTV so far has about 1,000 subscribers in Salt Lake City
who pay $20 p.m. for 26 channels. ESPN, Fox News Channel, Disney and
Discovery Channel are among the 10 cable networks included in the
package. This compares favorably with the starting price of $63 p.m. for a
similar high definition digital cable service (excluding the installation
charge). It started broadcasting in Salt Lake City in December, has just
launched in Albuquerque, and plans Las Vegas later this month. USDTV
hopes to serve 30 markets by year's end and has raised $8.5 million in
funding, with an additional $12m available later.
USDTV approached ServicePower to use the infrastructure of its recently set
up warranty serving business, to schedule and manage the installation of TV
aerials where required in these homes. This installation is not a core business
for USDTV and not something it is keen to scale up for. The current estimate
is that 40-60% of its customers will require aerials. The charge will be $77.50,
and the cost will be $65.00. This price is ‘guaranteed’ by USDTV, who will
cover up to $5 of any excess costs for ServicePower.
As with many early stage businesses numbers are purely estimates. Of the
10m homes which must change, USDTV expects 2m will eventually select its
offering. If only 25% of these need aerials, over the next 5 years this contract
alone is worth $39m in revenues and c.$6m profit for ServicePower –
currently a 25m market cap. business. We emphasize that USDTV is an
early stage business in the US, however it appears to have a unique offering,
with the powerful backing of Wal-Mart, and has received plenty of publicity.
However we are not increasing our ServicePower forecasts until we have a
better idea of the take up of this 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.
Numbers could be huge but its too early to say
cheers GF.
hawick
- 18 Mar 2004 22:06
- 170 of 248
Indeed they could. A class company still at over 60% below its flotation price of 116p. A classy business and the opening up of the US set top box market another exciting development.
goldfinger
- 19 Mar 2004 01:44
- 171 of 248
Good call Hawick.
cheers Gf
cheers Gf
gordon geko
- 19 Mar 2004 13:14
- 172 of 248
arent the results due at the end of the month too some more good exposure still struggling with the 50p mark though
goldfinger
- 25 Mar 2004 00:13
- 173 of 248
From Lemming, may have been covered before..........
SERVICE Power Technologies, the software developer, added 4p to 48p on a deal with US Digital Television, a supplier of set-top boxes, to schedule and manage the installation of TV aerials. However, dealers hear a further tie-up with Xerox is in the offing, while Whirlpool is the previously unnamed Fortune 250 appliance maker from which Service Power won work last month.
cheers GF.
SERVICE Power Technologies, the software developer, added 4p to 48p on a deal with US Digital Television, a supplier of set-top boxes, to schedule and manage the installation of TV aerials. However, dealers hear a further tie-up with Xerox is in the offing, while Whirlpool is the previously unnamed Fortune 250 appliance maker from which Service Power won work last month.
cheers GF.
goldfinger
- 25 Mar 2004 12:21
- 174 of 248
Not brilliant results but we can see that the company is well on its way with reorganisation. The forward outlook is the key here and is very positive. I beleive we have a positive Broker upgrade.
ServicePower Technologies PLC
25 March 2004
ServicePower Technologies Plc
Preliminary results for the year ended 31 December 2003
ServicePower Technologies PLC
('ServicePower' or the 'Company')
Results for the twelve months ended 31st December 2003
KEY POINTS
•Revenue is 2,638k showing a reduction of 1,845k compared to 2002
•Gross margin down to 58% (2002 75%)
•Operating loss increased to 1,633k (2002 Loss 556k)
•Loss per share 2.67p (2002: 0.64p)
•No dividend to be paid (2002: Nil)
•Unprecedented number of new sales opportunities for SERVICEPower
•3 proof of concepts signed with US Fortune 100 companies
•V5 SERVICEPower live at 14 customer sites
•SERVICE/Mobility - first sale plus a proof of concept
EVENTS SINCE YEAR END
•Independent servicer model established
•Announced 2 new transaction-based contracts signed with GEC&I & Whirlpool
•1 Memorandum of Understanding (MoU) with USDTV signed
•These 3 agreements worth 2.7m revenue in 2004
•GEC&I contract and the MoU will be the largest agreements in the
company's history
•Business assets of Keyprestige Inc. acquired for between $1.42m and $1.5m
•5.9 million new working capital raised
ENQUIRIES:
ServicePower Technologies PLC (UK)
Barry Welck, Chairman Tel: 07831 396539
David Brisco, Chief Executive Officer Tel: 0161 476 2277
Evolution Beeson Gregory Limited
Michael Brennan Tel: 020 7071 4300
ServicePower Technologies Plc
Chairman's statement
__________________________________________________________________________________________
Introduction
This year we have seen the breakthrough into the independent servicer
marketplace with our 'Fulcrum' solution. We see this new opportunity as being so
significant we have set up a new dedicated business unit, Field Service
Solutions to fully exploit the market potential.
Since 30th December we have signed two new transaction based contracts and a
Memorandum of Understanding, acquired the business assets of Keyprestige, and
raised 5.9 million (net of costs) additional working capital. This will provide
sufficient investment to allow the company to become the leader in managing and
controlling the work of independent servicers on behalf of large corporate job
providers.
We continue to be regarded as the solution of choice for larger corporate buyers
of scheduling solutions, but they are demanding return on investment (RoI) be
proven before deployment. This increases the length of the sales cycle as they
require a 'proof of concept' and 'initial pilot' before moving to enterprise
deployment. However it provides us with good visibility and high confidence
about the predictability of future revenues and cash flow.
It is disappointing to report revenue for 2003 falling to 2,638k representing a
reduction of 1,845k as compared to 2002. This reflects the impact of the move
away from large enterprise licence purchases to phased payment for rollout
projects. The three new transaction based pricing contracts did not contribute
revenue in 2003. The gross margin has also fallen from 75% to 58% reflecting the
reduction in the proportion of software licence sales.
We submitted an unprecedented number of proposals for SERVICEPower during 2003,
indicating the market is moving from a technology-push to a consumer-pull
market. We have won seven new SERVICEPower deals in 2003 plus the GEC&I Field
Service Solutions contract. This is the highest number of contracts we have
signed in a single year. In the last three months of 2003 we won three new proof
of concept contracts, all with Fortune 100 companies which we expect to deliver
revenue in 2004.
The directors have confidence in the continued revenue growth of the business.
Results and Dividend
The loss before taxation was 1,624k (2002: loss of 555k). The operating cost
is 3,157k, 866k less than in 2002, reflecting the continued close control of
costs. The loss per share for the period was 2.67p (2002: loss per share of
0.64p). The Directors do not recommend the payment of a dividend.
SERVICEPower Business Review
I reported in the Interim Results the company had tendered for an unprecedented
number of contracts for SERVICEPower scheduling products. I am pleased to report
this high level of activity has continued into the second half of the year with
seven new contracts won in 2003; three of which are proof of concept contracts
with Fortune 100 companies.
The field service industry continues to move away from enterprise software
licence purchase to phased implementations involving proof of concept, pilot and
rollout phases. This change has had a significant impact on our 2003 full year
revenue as it defers revenue into future years. In addition, the long sales
cycle continues to make timing of contract awards uncertain leading to expected
2003 revenues being delayed until 2004. In view of our success in turning proof
of concepts into successful rollouts, the directors are very confident these
projects will make a significant contribution to future revenues. In addition,
existing customers continue to place additional business with us.
The deferral of revenue has meant the directors have been required to continue
to carefully control costs. Staff costs, directors emoluments and administration
costs have been reduced by 866,000. The directors believe the SERVICEPower base
costs are now in line with revenue.
Technology and Products
ServicePower is renowned for the breadth and quality of its product
functionality and the directors are determined this will remain so. Our Version
5 SERVICEPower product is now live at 14 customer sites. In 2003 we continued to
develop the SERVICE/Planner product and released our new SERVICE/Mobility
product. SERVICE/Mobility is a state-of-the-art application that allows field
service technicians to receive information about their jobs and report progress
back to their headquarters in real time. We recently announced this will be
further enhanced by our partner Konaware, Inc. to extend the functionality of
our Field Service Solutions offering.
It is our aim to focus our very experienced in-house development team on the
development of strategic scheduling functionality and outsource the development
of ancillary product functionality whenever possible. The development of the
Fulcrum system has been contracted to an Indian company, TATA, who were involved
in the development of GEC&I's electronic despatch system.
Partnership Agreements
In addition to software partners, the company is developing partnerships with
companies that will sell, install and support the product in new markets and in
particular to non-English speaking countries. We are currently working on
several sales campaigns with PDSC and Astea in the US, and with Square in
Europe. In March 2003 we signed an agreement with Productility to distribute
SERVICEPower in Italy and in February 2004 we announced Greenbaum Associates AG
will distribute and support the SERVICEPower intelligent scheduler throughout
German speaking countries. We look forward to these arrangements delivering a
new revenue stream in 2004.
Field Service Solutions Business Plan
Over the last two years the company has invested much time in research to gain a
sound understanding of how jobs are carried out by independent service
organisations in the US. The Directors concluded that this is a large and
growing segment, that there is a similar marketplace in Europe, neither of which
are serviced by any of the traditional field service solution vendors.
ServicePower, by being the first to market with a solution has a opportunity to
dominate the market. The Directors also concluded that to be successful in this
huge but fragmented market the Company should focus on one sector, gain control
of the jobs, develop a software solution and get access to the independent
servicers. This would mean a substantial change to our current business model.
The Company will become an outsourced solution provider in addition to being a
software vendor.
In recent months we have made great progress towards implementing this new
business model. We have access to jobs through the contract with GEC&I announced
in January. This contract also gives us exclusive rights to exploit the GEC&I
patent-pending technology. It is GEC&I's intention that this software should
become the industry-standard method of controlling jobs and are actively
promoting its adoption by hosting industry strategy briefings with leading
manufacturers and retailers. The recent acquisition of the business assets of
Keyprestige Inc. gives us the rights to the 'ClaimWorks' application which
alongside GEC&I's application and the SERVICEPower suite of software provides a
comprehensive and unique solution to the appliance and consumer electronics
market's needs. The long-term plan is to use the solution as a base offering
upon which to build additional higher value services for the appliance and
consumer electronics market and then to expand the business into other markets
and geographies.
We have augmented our management team to ensuring the success of this new
business by recruiting Chris Smith, previously President of GEC&I Warranty
Management. Chris, who has a wide range of experience in the retailer and
appliance sectors, will head Field Service Solutions. He has already started
recruiting an experienced team into our new offices in Louisville Kentucky, to
sell the concept to other manufacturers and retailers, and along with the
founders of Keyprestige to manage the ongoing operations.
I am now pleased to say the contract announced on February 20th is with
Whirlpool Corporation. Whirlpool are the largest appliance manufacturer in the
US and the award of this contract confirms that our offering is capable of
providing an industry-wide solution. We are confident the major appliance and
consumer electronics businesses are ready to outsource their work to a company
with an application capable of consolidating the market and providing improved
customer service, whilst at the same time driving down costs to all involved in
the service chain.
Contractual negotiations are proceeding well to convert the Memorandum of
Understanding with US Digital Television Inc. (USDTV) into a full Agreement.
This contract is potentially the largest in the history of the company. We
intend to use the infrastructure developed for the appliance market to provide a
unique scheduling and installation management service for this new business
opportunity. All United States over-the-air broadcast television stations are
being converted to the new digital format. More than 10 million homes must
change and USDTV management expects at least 2 million will eventually select
its offering.
The first two contracts are already delivering revenue and we would expect to
start managing installations for USDTV in April. In total these contracts are
expected to deliver at least 2.7m revenue in 2004.
Outlook
The Directors believe the new commercial model for the independent service
marketplace is the right direction for the company to take. It has been
confirmed by signing three agreements in as many months, two of which are the
largest in the company history. The 5.9 million new cash gives us sufficient
funds to establish a dominant position in this market and the regular revenue
and cash from long-term contracts will underpin the future success of the
company. The SERVICEPower software business is well established and set for
growth. Accordingly the Board is very confident for the future of the company.
Barry Welck
Chairman
cheers GF.
ServicePower Technologies PLC
25 March 2004
ServicePower Technologies Plc
Preliminary results for the year ended 31 December 2003
ServicePower Technologies PLC
('ServicePower' or the 'Company')
Results for the twelve months ended 31st December 2003
KEY POINTS
•Revenue is 2,638k showing a reduction of 1,845k compared to 2002
•Gross margin down to 58% (2002 75%)
•Operating loss increased to 1,633k (2002 Loss 556k)
•Loss per share 2.67p (2002: 0.64p)
•No dividend to be paid (2002: Nil)
•Unprecedented number of new sales opportunities for SERVICEPower
•3 proof of concepts signed with US Fortune 100 companies
•V5 SERVICEPower live at 14 customer sites
•SERVICE/Mobility - first sale plus a proof of concept
EVENTS SINCE YEAR END
•Independent servicer model established
•Announced 2 new transaction-based contracts signed with GEC&I & Whirlpool
•1 Memorandum of Understanding (MoU) with USDTV signed
•These 3 agreements worth 2.7m revenue in 2004
•GEC&I contract and the MoU will be the largest agreements in the
company's history
•Business assets of Keyprestige Inc. acquired for between $1.42m and $1.5m
•5.9 million new working capital raised
ENQUIRIES:
ServicePower Technologies PLC (UK)
Barry Welck, Chairman Tel: 07831 396539
David Brisco, Chief Executive Officer Tel: 0161 476 2277
Evolution Beeson Gregory Limited
Michael Brennan Tel: 020 7071 4300
ServicePower Technologies Plc
Chairman's statement
__________________________________________________________________________________________
Introduction
This year we have seen the breakthrough into the independent servicer
marketplace with our 'Fulcrum' solution. We see this new opportunity as being so
significant we have set up a new dedicated business unit, Field Service
Solutions to fully exploit the market potential.
Since 30th December we have signed two new transaction based contracts and a
Memorandum of Understanding, acquired the business assets of Keyprestige, and
raised 5.9 million (net of costs) additional working capital. This will provide
sufficient investment to allow the company to become the leader in managing and
controlling the work of independent servicers on behalf of large corporate job
providers.
We continue to be regarded as the solution of choice for larger corporate buyers
of scheduling solutions, but they are demanding return on investment (RoI) be
proven before deployment. This increases the length of the sales cycle as they
require a 'proof of concept' and 'initial pilot' before moving to enterprise
deployment. However it provides us with good visibility and high confidence
about the predictability of future revenues and cash flow.
It is disappointing to report revenue for 2003 falling to 2,638k representing a
reduction of 1,845k as compared to 2002. This reflects the impact of the move
away from large enterprise licence purchases to phased payment for rollout
projects. The three new transaction based pricing contracts did not contribute
revenue in 2003. The gross margin has also fallen from 75% to 58% reflecting the
reduction in the proportion of software licence sales.
We submitted an unprecedented number of proposals for SERVICEPower during 2003,
indicating the market is moving from a technology-push to a consumer-pull
market. We have won seven new SERVICEPower deals in 2003 plus the GEC&I Field
Service Solutions contract. This is the highest number of contracts we have
signed in a single year. In the last three months of 2003 we won three new proof
of concept contracts, all with Fortune 100 companies which we expect to deliver
revenue in 2004.
The directors have confidence in the continued revenue growth of the business.
Results and Dividend
The loss before taxation was 1,624k (2002: loss of 555k). The operating cost
is 3,157k, 866k less than in 2002, reflecting the continued close control of
costs. The loss per share for the period was 2.67p (2002: loss per share of
0.64p). The Directors do not recommend the payment of a dividend.
SERVICEPower Business Review
I reported in the Interim Results the company had tendered for an unprecedented
number of contracts for SERVICEPower scheduling products. I am pleased to report
this high level of activity has continued into the second half of the year with
seven new contracts won in 2003; three of which are proof of concept contracts
with Fortune 100 companies.
The field service industry continues to move away from enterprise software
licence purchase to phased implementations involving proof of concept, pilot and
rollout phases. This change has had a significant impact on our 2003 full year
revenue as it defers revenue into future years. In addition, the long sales
cycle continues to make timing of contract awards uncertain leading to expected
2003 revenues being delayed until 2004. In view of our success in turning proof
of concepts into successful rollouts, the directors are very confident these
projects will make a significant contribution to future revenues. In addition,
existing customers continue to place additional business with us.
The deferral of revenue has meant the directors have been required to continue
to carefully control costs. Staff costs, directors emoluments and administration
costs have been reduced by 866,000. The directors believe the SERVICEPower base
costs are now in line with revenue.
Technology and Products
ServicePower is renowned for the breadth and quality of its product
functionality and the directors are determined this will remain so. Our Version
5 SERVICEPower product is now live at 14 customer sites. In 2003 we continued to
develop the SERVICE/Planner product and released our new SERVICE/Mobility
product. SERVICE/Mobility is a state-of-the-art application that allows field
service technicians to receive information about their jobs and report progress
back to their headquarters in real time. We recently announced this will be
further enhanced by our partner Konaware, Inc. to extend the functionality of
our Field Service Solutions offering.
It is our aim to focus our very experienced in-house development team on the
development of strategic scheduling functionality and outsource the development
of ancillary product functionality whenever possible. The development of the
Fulcrum system has been contracted to an Indian company, TATA, who were involved
in the development of GEC&I's electronic despatch system.
Partnership Agreements
In addition to software partners, the company is developing partnerships with
companies that will sell, install and support the product in new markets and in
particular to non-English speaking countries. We are currently working on
several sales campaigns with PDSC and Astea in the US, and with Square in
Europe. In March 2003 we signed an agreement with Productility to distribute
SERVICEPower in Italy and in February 2004 we announced Greenbaum Associates AG
will distribute and support the SERVICEPower intelligent scheduler throughout
German speaking countries. We look forward to these arrangements delivering a
new revenue stream in 2004.
Field Service Solutions Business Plan
Over the last two years the company has invested much time in research to gain a
sound understanding of how jobs are carried out by independent service
organisations in the US. The Directors concluded that this is a large and
growing segment, that there is a similar marketplace in Europe, neither of which
are serviced by any of the traditional field service solution vendors.
ServicePower, by being the first to market with a solution has a opportunity to
dominate the market. The Directors also concluded that to be successful in this
huge but fragmented market the Company should focus on one sector, gain control
of the jobs, develop a software solution and get access to the independent
servicers. This would mean a substantial change to our current business model.
The Company will become an outsourced solution provider in addition to being a
software vendor.
In recent months we have made great progress towards implementing this new
business model. We have access to jobs through the contract with GEC&I announced
in January. This contract also gives us exclusive rights to exploit the GEC&I
patent-pending technology. It is GEC&I's intention that this software should
become the industry-standard method of controlling jobs and are actively
promoting its adoption by hosting industry strategy briefings with leading
manufacturers and retailers. The recent acquisition of the business assets of
Keyprestige Inc. gives us the rights to the 'ClaimWorks' application which
alongside GEC&I's application and the SERVICEPower suite of software provides a
comprehensive and unique solution to the appliance and consumer electronics
market's needs. The long-term plan is to use the solution as a base offering
upon which to build additional higher value services for the appliance and
consumer electronics market and then to expand the business into other markets
and geographies.
We have augmented our management team to ensuring the success of this new
business by recruiting Chris Smith, previously President of GEC&I Warranty
Management. Chris, who has a wide range of experience in the retailer and
appliance sectors, will head Field Service Solutions. He has already started
recruiting an experienced team into our new offices in Louisville Kentucky, to
sell the concept to other manufacturers and retailers, and along with the
founders of Keyprestige to manage the ongoing operations.
I am now pleased to say the contract announced on February 20th is with
Whirlpool Corporation. Whirlpool are the largest appliance manufacturer in the
US and the award of this contract confirms that our offering is capable of
providing an industry-wide solution. We are confident the major appliance and
consumer electronics businesses are ready to outsource their work to a company
with an application capable of consolidating the market and providing improved
customer service, whilst at the same time driving down costs to all involved in
the service chain.
Contractual negotiations are proceeding well to convert the Memorandum of
Understanding with US Digital Television Inc. (USDTV) into a full Agreement.
This contract is potentially the largest in the history of the company. We
intend to use the infrastructure developed for the appliance market to provide a
unique scheduling and installation management service for this new business
opportunity. All United States over-the-air broadcast television stations are
being converted to the new digital format. More than 10 million homes must
change and USDTV management expects at least 2 million will eventually select
its offering.
The first two contracts are already delivering revenue and we would expect to
start managing installations for USDTV in April. In total these contracts are
expected to deliver at least 2.7m revenue in 2004.
Outlook
The Directors believe the new commercial model for the independent service
marketplace is the right direction for the company to take. It has been
confirmed by signing three agreements in as many months, two of which are the
largest in the company history. The 5.9 million new cash gives us sufficient
funds to establish a dominant position in this market and the regular revenue
and cash from long-term contracts will underpin the future success of the
company. The SERVICEPower software business is well established and set for
growth. Accordingly the Board is very confident for the future of the company.
Barry Welck
Chairman
cheers GF.
goldfinger
- 25 Mar 2004 12:28
- 175 of 248
Broker Tips: Evolution buys ServicePower
Published: 10:22 Thr 25 March 2004
By Phill Cozens, Stockmarket Correspondent
Email to a friend |
Evolution Beeson Gregory has buy ratings for ServicePower Technologies and Cape and an add rating for Galen Holdings.
The broker has a reduce rating for Medisys.
cheers GF.
Published: 10:22 Thr 25 March 2004
By Phill Cozens, Stockmarket Correspondent
Email to a friend |
Evolution Beeson Gregory has buy ratings for ServicePower Technologies and Cape and an add rating for Galen Holdings.
The broker has a reduce rating for Medisys.
cheers GF.
goldfinger
- 25 Mar 2004 23:01
- 176 of 248
Will post the full BUY not from Service Power hopefully in the morning.
cheers GF.
cheers GF.
gordon geko
- 01 Apr 2004 09:37
- 177 of 248
Service Powers on
Service Power was briefly mentioned some time ago when Evolution Beeson Gregory came out and tipped it with a likely earnings upgrade around the corner. Since then, it has announced two big long-term contracts and raised a large amount of cash, yet I cannot see any more details in Shares magazine. What is happening there?
Richard Chapman
via E-mail
Polly Fergusson writes: Last week the software company reported a drop in full-year sales and widening pre-tax losses for 2003. Service Power (SVR) shares promptly fell on the news to 44.25p. Turnover dived a worrying 42% to 2.64 million from 4.48 million a year earlier, while the pre-tax loss came to 1.62 million compared with 555,000 the year before.
Housebroker EVBG admitted the results were poor, which just goes to show that just because the housebroker thinks it is a good buy, it might not always be right.
The drop in sales was basically due to delays in customers finalising their large software orders, so few large licences were sold over the period.
But the outlook for the future is more positive, with recent contract wins proving that the product is attractive to customers. The recent fundraising also puts the balance sheet on a healthier footing and is expected to go towards working capital.
goldfinger
- 01 Apr 2004 11:47
- 178 of 248
Gordon i would take a look at the forward forecast stated within the last results, it may shed some light as to why the broker is very positive.
cheers GF.
cheers GF.
Legins
- 07 Apr 2004 08:12
- 179 of 248
This looks to be solid growth for Service Power!
ServicePower Technologies PLC
07 April 2004
SERVICEPOWER TECHNOLOGIES PLC
('SERVICEPOWER' OR THE 'COMPANY')
Contract Award
ServicePower, the recognised market leader in artificial intelligence based,
field service scheduling solutions, today announced it has signed contracts with
US Digital Television Inc. (USDTV) and with eWest Advantage Inc. (eWest) to
provide installation services for USDTV digital television set-top boxes. This
follows the announcement on 17 March 2004 that a Memorandum of Understanding had
been signed. The contract is the third significant contract in the last three
months to be signed by the newly formed ServicePower Field Service Solutions
division.
eWest will provide call centre infrastructure and support operations whilst
ServicePower will provide installation services and dealer sales thereby
providing USDTV with a total delivery service. USDTV is a new company set-up to
fill a gap in the market priced below the cable and satellite providers. USDTV
is well funded, having recently raised $8.0 million. The Company has engaged a
major securities firm to lead its next round of financing where it plans to
raise over $40 million from broadcasting and technology partners. Hisense, its
China-based manufacturing partner, has agreed to extend USDTV $60 million of
financing to facilitate the purchase of set-top boxes.
All United States over-the-air broadcast television stations are converting to a
new digital format. Congress has set a goal for all US television broadcasts to
be digital by the end of 2006 and plan to switch off analogue broadcasting when
85% of all homes can receive digital signals; this is expected to be completed
by 2009. Several companies now provide set-top boxes capable of receiving
digital signals including Fujitsu, Sony etc. The USDTV set-top box, which costs
$99.95, provides high definition television picture quality (HDTV) for existing
terrestrial channels plus, for a $19.95 monthly service fee, will deliver 12
quality satellite channels including Disney, ESPN sports, Discovery and the TLC
film channel.
It is thought that in excess of 10 million homes will need to buy a new
television with an in-built HDTV receiver or buy a set-top box. The USDTV
business plan expects its unique package of additional channels will attract
more than 3 million new customers to buy its set-top box and to take up its
service. The service was launched in Salt Lake City on a trial basis in December
2003. The success gave the USDTV management confidence to hold a Press Launch in
New York on 16th March at which they announced a nationwide rollout. The service
is now available in Albuquerque and shortly in Las Vegas and the plan has one
new city being added on a two-weekly basis throughout 2004. This plan is
supported by Wal-Mart who will have the set-top boxes available for sale in
every local store ahead of the rollout of the service. The set-top box is
planned to have, by the end of 2004, a TiVo-like receiver and built-in hard
drive giving additional desirability.
The Agreement appoints ServicePower the exclusive installation administrator for
this nationwide product launch for subscription based sales and fees are earned
on a transaction basis, based on the number of set-top box installations
completed each month. ServicePower is responsible for finding, recruiting,
despatching jobs and paying the installer $65 per installation. ServicePower
will earn a guaranteed minimum gross margin on top of the installation and will
earn a share in the monthly subscription contract for the life of the service
contract, for each USDTV subscription contract sold by our authorised-installer
network.
ServicePower has begun installations in Albuquerque and is pleased to report
that the rate of rollout and margins are in line with forecast. The contract
will be for three years, and annually extendable thereafter. The value of the
deal is subject to the success of the USDTV set-top box sales, and the number of
these that then require an installation. The pilot in Salt Lake City indicates
that between 25% and 50% will require an installation service carried out but,
as this is a new business there is no historical model upon which to base future
volumes. As stated on 17 March 2004, the Directors are confident this deal will
turn out to be the largest contract signed in the company's history.
Note: ServicePower refers to the company and SERVICEPower refers to the product.
7th April 2004
--------------------------------------------------------------------------------
Contacts:
David Brisco, Chief Executive Officer Tel: 0161 476 2277
Barry Welck, Non-executive Chairman Tel: 07831 396539
ServicePower Technologies PLC
Michael Brennan Tel: 020 7071 4300
Evolution Beeson Gregory Limited
ServicePower Technologies PLC
07 April 2004
SERVICEPOWER TECHNOLOGIES PLC
('SERVICEPOWER' OR THE 'COMPANY')
Contract Award
ServicePower, the recognised market leader in artificial intelligence based,
field service scheduling solutions, today announced it has signed contracts with
US Digital Television Inc. (USDTV) and with eWest Advantage Inc. (eWest) to
provide installation services for USDTV digital television set-top boxes. This
follows the announcement on 17 March 2004 that a Memorandum of Understanding had
been signed. The contract is the third significant contract in the last three
months to be signed by the newly formed ServicePower Field Service Solutions
division.
eWest will provide call centre infrastructure and support operations whilst
ServicePower will provide installation services and dealer sales thereby
providing USDTV with a total delivery service. USDTV is a new company set-up to
fill a gap in the market priced below the cable and satellite providers. USDTV
is well funded, having recently raised $8.0 million. The Company has engaged a
major securities firm to lead its next round of financing where it plans to
raise over $40 million from broadcasting and technology partners. Hisense, its
China-based manufacturing partner, has agreed to extend USDTV $60 million of
financing to facilitate the purchase of set-top boxes.
All United States over-the-air broadcast television stations are converting to a
new digital format. Congress has set a goal for all US television broadcasts to
be digital by the end of 2006 and plan to switch off analogue broadcasting when
85% of all homes can receive digital signals; this is expected to be completed
by 2009. Several companies now provide set-top boxes capable of receiving
digital signals including Fujitsu, Sony etc. The USDTV set-top box, which costs
$99.95, provides high definition television picture quality (HDTV) for existing
terrestrial channels plus, for a $19.95 monthly service fee, will deliver 12
quality satellite channels including Disney, ESPN sports, Discovery and the TLC
film channel.
It is thought that in excess of 10 million homes will need to buy a new
television with an in-built HDTV receiver or buy a set-top box. The USDTV
business plan expects its unique package of additional channels will attract
more than 3 million new customers to buy its set-top box and to take up its
service. The service was launched in Salt Lake City on a trial basis in December
2003. The success gave the USDTV management confidence to hold a Press Launch in
New York on 16th March at which they announced a nationwide rollout. The service
is now available in Albuquerque and shortly in Las Vegas and the plan has one
new city being added on a two-weekly basis throughout 2004. This plan is
supported by Wal-Mart who will have the set-top boxes available for sale in
every local store ahead of the rollout of the service. The set-top box is
planned to have, by the end of 2004, a TiVo-like receiver and built-in hard
drive giving additional desirability.
The Agreement appoints ServicePower the exclusive installation administrator for
this nationwide product launch for subscription based sales and fees are earned
on a transaction basis, based on the number of set-top box installations
completed each month. ServicePower is responsible for finding, recruiting,
despatching jobs and paying the installer $65 per installation. ServicePower
will earn a guaranteed minimum gross margin on top of the installation and will
earn a share in the monthly subscription contract for the life of the service
contract, for each USDTV subscription contract sold by our authorised-installer
network.
ServicePower has begun installations in Albuquerque and is pleased to report
that the rate of rollout and margins are in line with forecast. The contract
will be for three years, and annually extendable thereafter. The value of the
deal is subject to the success of the USDTV set-top box sales, and the number of
these that then require an installation. The pilot in Salt Lake City indicates
that between 25% and 50% will require an installation service carried out but,
as this is a new business there is no historical model upon which to base future
volumes. As stated on 17 March 2004, the Directors are confident this deal will
turn out to be the largest contract signed in the company's history.
Note: ServicePower refers to the company and SERVICEPower refers to the product.
7th April 2004
--------------------------------------------------------------------------------
Contacts:
David Brisco, Chief Executive Officer Tel: 0161 476 2277
Barry Welck, Non-executive Chairman Tel: 07831 396539
ServicePower Technologies PLC
Michael Brennan Tel: 020 7071 4300
Evolution Beeson Gregory Limited
Legins
- 07 Apr 2004 18:43
- 180 of 248
Rise in share price today on close @ 46.5p will trigger a stop loss limit from a low (support) 5 days ago @ 41p (now up 15.85%) indicating to close any short positions and trade long as MACD & RSI have generated strong buy signals AND there is very positive contract news. DYOR & LOL
Legins
- 18 May 2004 21:22
- 181 of 248
Share price now looks to be extremely cheap with this news!
ServicePower Technologies says 2004 starts well
AFX
LONDON (AFX) - ServicePower Technologies PLC said 2004 has begun extremely well for the company, with the new business unit, Field Service Solutions, having already signed new contracts with General Electric, Whirlpool and
USDTV.
'The GE and Whirlpool out-of-service jobs have begun to deliver revenue,
but we are still at an early stage,' chairman Barry Welck said at the company AGM.
'The set-top box rollout to Salt Lake City, Albuquerque and Las Vegas is running well ahead of USDTV management expectations and the number of these requiring installation by ServicePower is also much higher than we expected. 'The rollout is planned for the next four new markets in July, these include the major metropolitan areas of Los Angeles and Phoenix. I believe we will need to monitor weekly volumes through into the summer months before any reliable trends become apparent, but the early signs are very promising.'
He added: 'The SERVICEPower software business continues to operate to expectations, with the number of prospects growing and the proof of concept projects progressing satisfactorily toward software licence sales.'
bam
ServicePower Technologies says 2004 starts well
AFX
LONDON (AFX) - ServicePower Technologies PLC said 2004 has begun extremely well for the company, with the new business unit, Field Service Solutions, having already signed new contracts with General Electric, Whirlpool and
USDTV.
'The GE and Whirlpool out-of-service jobs have begun to deliver revenue,
but we are still at an early stage,' chairman Barry Welck said at the company AGM.
'The set-top box rollout to Salt Lake City, Albuquerque and Las Vegas is running well ahead of USDTV management expectations and the number of these requiring installation by ServicePower is also much higher than we expected. 'The rollout is planned for the next four new markets in July, these include the major metropolitan areas of Los Angeles and Phoenix. I believe we will need to monitor weekly volumes through into the summer months before any reliable trends become apparent, but the early signs are very promising.'
He added: 'The SERVICEPower software business continues to operate to expectations, with the number of prospects growing and the proof of concept projects progressing satisfactorily toward software licence sales.'
bam
greasepaint - 19 May 2004 18:04 - 182 of 248
Legins,
Great AGM statement. v. bullish.
running ahead of USDTV management's expectations....further roll-out in July.
proof of concepts progressing.
Great AGM statement. v. bullish.
running ahead of USDTV management's expectations....further roll-out in July.
proof of concepts progressing.
greasepaint - 18 Jul 2004 17:55 - 183 of 248
from the other side.
looking good for Monday
http://business.timesonline.co.uk/article/0,,8211-1181970,00.html
Service Power Technologies hardened 1p to 36p amid word that the developer of scheduling software is set to issue an
upbeat trading statement. There were also suggestions that it had secured a large contract with a US retailer, possibly
Home Depot, the operator of DIY superstores.
looking good for Monday
http://business.timesonline.co.uk/article/0,,8211-1181970,00.html
Service Power Technologies hardened 1p to 36p amid word that the developer of scheduling software is set to issue an
upbeat trading statement. There were also suggestions that it had secured a large contract with a US retailer, possibly
Home Depot, the operator of DIY superstores.
hawick
- 18 Jul 2004 19:27
- 184 of 248
Like it greasepaint, thanks, let's hope for the good news, this stock is worth a lot more and if it doesn't rise tomorrow will be topping up!
Legins
- 19 Jul 2004 01:01
- 185 of 248
Interesting article greasepaint, many thanks. I would hope to see the share price rerated. However it seems for the past six months or so that MM's have hardened their outlook to contract rumour, speculation, press news reports or even actual RNS news with software companies and despite even the bullish news in may with SVR the price has continued to fall since January just like many other stocks in Software.
Good results will be promising!? Definitely is worth adding to my holding while still this cheap to buy in!
Good results will be promising!? Definitely is worth adding to my holding while still this cheap to buy in!
gordon geko
- 26 Jul 2004 16:46
- 186 of 248
seems one way traiffic until some of this good news feeds into results
greasepaint - 10 Aug 2004 18:46 - 187 of 248
interims expected 8 Sept
new shares issued at 47p
"ServicePower, the established market leader in artificial intelligence based
field service scheduling applications, is pleased to announce that an
application has recently been made to the UK Listing Authority and the London
Stock Exchange for 729,016 ordinary shares of 10p each ("Ordinary Shares") to be
admitted to the Official List.
The Ordinary Shares are being issued to Keyprestige, Inc. for cash, at a price
of 47 pence per Ordinary Share."
new shares issued at 47p
"ServicePower, the established market leader in artificial intelligence based
field service scheduling applications, is pleased to announce that an
application has recently been made to the UK Listing Authority and the London
Stock Exchange for 729,016 ordinary shares of 10p each ("Ordinary Shares") to be
admitted to the Official List.
The Ordinary Shares are being issued to Keyprestige, Inc. for cash, at a price
of 47 pence per Ordinary Share."
adriand - 10 Aug 2004 22:12 - 188 of 248
Greasepaint,
you should have acknoledged that the interim date was posted by Ian on Advfn.
unless you are him
you should have acknoledged that the interim date was posted by Ian on Advfn.
unless you are him
ptholden
- 09 Sep 2004 10:28
- 189 of 248
Service Power have been ticking up steadily over the last week or so on quite low voulmes, looking at the posts above, results should be out soon, must be quite favourable. Chart and MACD looking Bullish and the downtrend has been reversed.
regards
PTH
regards
PTH
packman7
- 10 Sep 2004 17:34
- 190 of 248
Interim results for SVR to be announced 23/9/2004.
goldfinger
- 11 Sep 2004 11:27
- 191 of 248
Packman7, Im no longer in this one but still interested. Any ideas on what to expect from the results?.
cheers Gf.
cheers Gf.
packman7
- 13 Sep 2004 18:04
- 192 of 248
packman7
- 13 Sep 2004 18:15
- 193 of 248
Nothing seen since update at agm in May, which was positive. Have to guess what
results will be like on sparse info. Believe there was a write up in the F.S.L
last month which i have not read. Price up about 5% today, although more sellers
than buyers.
results will be like on sparse info. Believe there was a write up in the F.S.L
last month which i have not read. Price up about 5% today, although more sellers
than buyers.
gordon geko
- 17 Sep 2004 13:15
- 194 of 248
SERVICEPOWER INTERNATIONAL (SVR): ServicePower will
announce interim results on September 23rd. The shares
are starting to come to life. BUY
from Red hot penny shares yesterday........they had target price of 80p
announce interim results on September 23rd. The shares
are starting to come to life. BUY
from Red hot penny shares yesterday........they had target price of 80p
gordon geko
- 19 Oct 2004 13:35
- 195 of 248
whats going on down a third since 'postive' results
gordon geko
- 02 Nov 2004 14:36
- 196 of 248
where too now ?
bishopjeremy
- 10 Nov 2004 22:34
- 197 of 248
up 10% today - hope this is the start of the long awaited push north!
packman7
- 19 Nov 2004 22:26
- 198 of 248
two directors purchase stock this week. CE 100,000 at 32p, and NEC 70,000 at 34p. one to follow??
gordon geko
- 22 Nov 2004 12:19
- 199 of 248
tooped up my holfding @ 37.5 as dont expect sub 40p for much longer now things are going well expect a trading stmtn in dec ?
gordon geko
- 29 Nov 2004 12:57
- 200 of 248
slipped back just after a bought a load more any ideas ???
Legins
- 05 Jan 2005 18:53
- 201 of 248
The chart for SVR looks to be confirming a good rising trend and now further news for today of a 350K Contract Award!
Not a massive deal but with a very promising endorsement of confidence from HSB. Perhaps this will also give MM's & investors the confidence to expect the pilot projects of other potential customers of SVR to also sign contracts. Hope to see the rising trend to continue.
SERVICEPOWER TECHNOLOGIES PLC
('SERVICEPOWER' OR THE 'COMPANY')
Contract Award
ServicePower, the recognised market leader in artificial intelligence based,
field service scheduling solutions and computer services, today announced it
has signed contracts with The Hartford Steam Boiler Inspection and Insurance
Company, (HSB), a subsidiary of the AIG insurance group, to provide the SERVICE
Power scheduling solution.
This enterprise-wide contract will schedule the work of 350 inspectors across
the U.S. who provide insurance certificates for equipment such as industrial
boilers, pressure vessels and other equipment, and various property services.
The solution includes a complex mix of appointment offering and same day
change.
The contract is worth more than 350,000 and is significant in that it is
ServicePower's second major contract in the insurance sector. It is also
another example of how successful ServicePower is at turning initial pilot
projects into enterprise license deals. The original deal to run a pilot
project with HSB was signed in October 2003.
'I am very pleased to be awarded this contract, as quite rightly in this
economic climate, HSB is exceedingly cautious about the adoption of any new
technology. We have successfully passed a number of tests assessing our
product's performance, security and stability prior to contract award and are
pleased to have the approval of a company with the stature of HSB,' commented
David Brisco, CEO of ServicePower.
Note: ServicePower refers to the company and SERVICEPower refers to the
product.
5th January 2005
----------------------------------------------------------------------------------------------------------
Contacts:
David Brisco, Chief Executive Officer Tel: 0161 476 2277
Barry Welck, Non-executive Chairman Tel: 07831 396539
ServicePower Technologies PLC
Michael Brennan Tel: 020 7071 4300
Evolution Securities Limited
Legins
- 06 Jan 2005 07:35
- 202 of 248
gordon geko
- 07 Feb 2005 13:22
- 203 of 248
anyone got anything recent about this lot ??
Goldfinger you still in ?
Goldfinger you still in ?
gordon geko
- 10 Feb 2005 13:20
- 204 of 248
Boker note below 17/1 said buy not sure reason for weakness ???
ServicePower Technologies PLC - Detailed Broker Forecasts
2004 2005
Broker Date Rec Pre-tax () EPS(p) DPS(p) Pre-tax() EPS(p) DPS(p)
Evolution Securities Ltd 17-01-05 BUY -1.80 -2.60 -0.60 -0.80
Consensus -1.80 -2.60 -0.60 -0.80
1 Month Change 0.00 0.10 0.00 0.00
3 Month Change 0.20 0.30 0.00 0.00
Growth (%)
Standard Deviation (p)
PE Prospective (x) -12.31 -40.00
ServicePower Technologies PLC - Detailed Broker Forecasts
2004 2005
Broker Date Rec Pre-tax () EPS(p) DPS(p) Pre-tax() EPS(p) DPS(p)
Evolution Securities Ltd 17-01-05 BUY -1.80 -2.60 -0.60 -0.80
Consensus -1.80 -2.60 -0.60 -0.80
1 Month Change 0.00 0.10 0.00 0.00
3 Month Change 0.20 0.30 0.00 0.00
Growth (%)
Standard Deviation (p)
PE Prospective (x) -12.31 -40.00
stockdog
- 10 Feb 2005 17:28
- 205 of 248
Anyone have any ideas why this is falling off a cliff?
gordon geko
- 28 Feb 2005 13:31
- 206 of 248
no idea but about to test 30p again
greasepaint - 25 Apr 2005 08:38 - 207 of 248
Is this on the way back - just look at those recent contract deals
stockdog
- 25 Apr 2005 14:58
- 208 of 248
Agree - should be doing better than it is - but why not buy some more at this level?
With 6.6m in revenues secures, there is another 4.1m to go to hit consensus broler's forecasts for total revenues this year - seems a likely figure and possibly one that can be exceeded from this point in the year.
Also the fact that they did finally deliver on a contract that was held over from last year is in itself encouraging - so many "delayed" contracts never quite come to fruition, but simply fade away.
A break up through the Jan 2004 downtrend line would confirm we are into a new positive phase.
I hold, watch and wait with modest optimism.
SD
With 6.6m in revenues secures, there is another 4.1m to go to hit consensus broler's forecasts for total revenues this year - seems a likely figure and possibly one that can be exceeded from this point in the year.
Also the fact that they did finally deliver on a contract that was held over from last year is in itself encouraging - so many "delayed" contracts never quite come to fruition, but simply fade away.
A break up through the Jan 2004 downtrend line would confirm we are into a new positive phase.
I hold, watch and wait with modest optimism.
SD
ptholden
- 24 May 2005 07:57
- 209 of 248
Beginning to look interesting again:
ServicePower Technologies PLC
('ServicePower' or the 'Company')
AGM Statement
ServicePower, the established market leader in artificial intelligence based
field service scheduling applications and computer services is pleased to
announce that the AGM of the Company will be held at 10.30am today.
The following statement will be made to the meeting by Barry Welck, Chairman:
Results for 2004
'ServicePower's results for the year ended 31st December 2004 reflected the
excellent performance of our new Field Service Solutions business division
launched in March 2004. This initiative will transform the company from a niche
software vendor to a business process outsourcing services provider. Turnover
increased 56% to 4.1 million with the Field Service Solutions business
division contributing 2.1 million'.
2005 Update
'2005 has seen us continue to grow the Field Service Solutions business. In
January we announced the launch of FSS Europe and already we have won contracts
in the UK which the Director's expect will contribute over 1 million revenue
in 2005. We have also signed a strategic alliance with Elesco, a company
providing pan-European service delivery capability. I expect a great deal of
incremental business to come from this relationship as most of our customers in
the UK and U.S. wish to provide consistent service processes throughout Europe.
In the U.S. we have continued to rollout the contracts signed in 2004 and with
the European business we now have over 3.6 million of revenue under contract
which, provided existing volumes continue, will be delivered by the Field
Service Solutions business division in 2005.
In April we announced the signing of a significant software contract with a
Fortune 100 industrial conglomerate. This contract, worth in excess of 1
million revenue this year, had been delayed from 2004 due to increased
corporate governance regulations in the procurement process. I am pleased to
say that the contract signed provides a contractual framework and pricing for
all our client's companies across the globe and this will allow rapid deployed
in other businesses. We are working closely with our implementation partner,
BearingPoint Consulting to achieve this.
I am also pleased to report that our OEM strategy for the software business has
been especially successful with the recent announcement of a contract with
CCCIS who will lead our sales into the insurance industry in the U.S. We now
have more than 3 million of contracted revenue from the software business for
2005.
Summary
The business as a whole is developing well. The integration of the SERVICEPower
software solution into the Field Service Solutions business division solution
provides our large clients with a unique solution to the problem of managing
and controlling work delivered through independent service companies. This
gives our software sales teams a powerful and unique differentiator that is
expected to deliver increased software application revenue in the future.
Subject to our customers achieving their roll out targets, the Company
currently has 6.8 million total revenue contracted for the year, 66% more than
we achieved in the whole of 2004.
I am pleased to say the Field Service Solutions division is delivering more new
growth opportunities than we expected. We are carefully managing our cash
through this rapid growth period and the Board is confident we can deliver
further growth from the business during the next twelve months'.
ServicePower Technologies PLC
('ServicePower' or the 'Company')
AGM Statement
ServicePower, the established market leader in artificial intelligence based
field service scheduling applications and computer services is pleased to
announce that the AGM of the Company will be held at 10.30am today.
The following statement will be made to the meeting by Barry Welck, Chairman:
Results for 2004
'ServicePower's results for the year ended 31st December 2004 reflected the
excellent performance of our new Field Service Solutions business division
launched in March 2004. This initiative will transform the company from a niche
software vendor to a business process outsourcing services provider. Turnover
increased 56% to 4.1 million with the Field Service Solutions business
division contributing 2.1 million'.
2005 Update
'2005 has seen us continue to grow the Field Service Solutions business. In
January we announced the launch of FSS Europe and already we have won contracts
in the UK which the Director's expect will contribute over 1 million revenue
in 2005. We have also signed a strategic alliance with Elesco, a company
providing pan-European service delivery capability. I expect a great deal of
incremental business to come from this relationship as most of our customers in
the UK and U.S. wish to provide consistent service processes throughout Europe.
In the U.S. we have continued to rollout the contracts signed in 2004 and with
the European business we now have over 3.6 million of revenue under contract
which, provided existing volumes continue, will be delivered by the Field
Service Solutions business division in 2005.
In April we announced the signing of a significant software contract with a
Fortune 100 industrial conglomerate. This contract, worth in excess of 1
million revenue this year, had been delayed from 2004 due to increased
corporate governance regulations in the procurement process. I am pleased to
say that the contract signed provides a contractual framework and pricing for
all our client's companies across the globe and this will allow rapid deployed
in other businesses. We are working closely with our implementation partner,
BearingPoint Consulting to achieve this.
I am also pleased to report that our OEM strategy for the software business has
been especially successful with the recent announcement of a contract with
CCCIS who will lead our sales into the insurance industry in the U.S. We now
have more than 3 million of contracted revenue from the software business for
2005.
Summary
The business as a whole is developing well. The integration of the SERVICEPower
software solution into the Field Service Solutions business division solution
provides our large clients with a unique solution to the problem of managing
and controlling work delivered through independent service companies. This
gives our software sales teams a powerful and unique differentiator that is
expected to deliver increased software application revenue in the future.
Subject to our customers achieving their roll out targets, the Company
currently has 6.8 million total revenue contracted for the year, 66% more than
we achieved in the whole of 2004.
I am pleased to say the Field Service Solutions division is delivering more new
growth opportunities than we expected. We are carefully managing our cash
through this rapid growth period and the Board is confident we can deliver
further growth from the business during the next twelve months'.
informer - 24 May 2005 08:27 - 210 of 248
This is not a share for me. It was 36 pence in January and is now 26 pence. Is somebody playing around here because I like to invest in shares that have a future and this one does not!!
ptholden
- 07 Jun 2005 09:07
- 211 of 248
More good news from Servicepower:
SERVICEPOWER TECHNOLOGIES PLC
('SERVICEPOWER' OR THE 'COMPANY')
Contract Award
ServicePower, the recognised market leader in field service scheduling
solutions and computer services, today announced it has signed a contract with
a major U.S. mobile communications company to provide software applications for
sale to independent service companies across the U.S. The three year contract,
which is automatically annually renewable thereafter, is to provide software
applications that will run on a third generation mobile phone. This represents
a new business venture for ServicePower which will support the Field Service
Solutions (FSS) business objectives.
ServicePower will provide software applications that enable independent
servicers to perform their jobs as efficiently as the large employed service
teams of our traditional software customers. This increased efficiency will
make our sub-contractor servicer more profitable whilst delivering better
customer service and will ensure their long term commitment to being part of
the ServicePower network of independent servicers. All the applications can be
provided immediately for integration either by ServicePower or our product
partners and will not require any additional resource from the Company. One of
our partners will provide both consultancy staff and $500,000 of working
capital, indicating the commitment they have to the project.'
ServicePower will receive monthly fees invoiced as part of the monthly phone
bill by the 'air time provider' for managing the applications. The applications
will initially be targeted at the 60,000 technicians in the ServicePower
independent servicer network. This will rise quickly as the ServicePower
network expands. A more detailed explanation of the applications, services,
monthly fees and partners will be issued following the formal launch in July
2005.
It is not possible at this stage to quantify the value of this agreement but
the directors believe this will have the same significant impact on the
performance of the Company as the FSS business. The market for business
applications for third generation phones is huge and growing. The 'air-time
provider' is committed to developing more business opportunities for data
transmission over its mobile network in order to maximise the utilisation of
the network capacity. The 'airtime provider' will commit a significant
marketing budget to support the launch across the U.S.
'This new business opportunity represents a significant development of the
Board's strategy to become the leading provider of software and service
solutions to manage the delivery and completion of service jobs through
independent service companies. Our world-leading FSS solution is targeted at
the larger independent service companies that have some central IT functions.
This agreement with a major 'air-time provider' gives us the capability to
deliver our applications cost effectively via the mobile phone of millions of
service engineers in their trucks' commented David Brisco, CEO of ServicePower.
Note: ServicePower refers to the company and SERVICEPower refers to the
product.
June 7th, 2005
SERVICEPOWER TECHNOLOGIES PLC
('SERVICEPOWER' OR THE 'COMPANY')
Contract Award
ServicePower, the recognised market leader in field service scheduling
solutions and computer services, today announced it has signed a contract with
a major U.S. mobile communications company to provide software applications for
sale to independent service companies across the U.S. The three year contract,
which is automatically annually renewable thereafter, is to provide software
applications that will run on a third generation mobile phone. This represents
a new business venture for ServicePower which will support the Field Service
Solutions (FSS) business objectives.
ServicePower will provide software applications that enable independent
servicers to perform their jobs as efficiently as the large employed service
teams of our traditional software customers. This increased efficiency will
make our sub-contractor servicer more profitable whilst delivering better
customer service and will ensure their long term commitment to being part of
the ServicePower network of independent servicers. All the applications can be
provided immediately for integration either by ServicePower or our product
partners and will not require any additional resource from the Company. One of
our partners will provide both consultancy staff and $500,000 of working
capital, indicating the commitment they have to the project.'
ServicePower will receive monthly fees invoiced as part of the monthly phone
bill by the 'air time provider' for managing the applications. The applications
will initially be targeted at the 60,000 technicians in the ServicePower
independent servicer network. This will rise quickly as the ServicePower
network expands. A more detailed explanation of the applications, services,
monthly fees and partners will be issued following the formal launch in July
2005.
It is not possible at this stage to quantify the value of this agreement but
the directors believe this will have the same significant impact on the
performance of the Company as the FSS business. The market for business
applications for third generation phones is huge and growing. The 'air-time
provider' is committed to developing more business opportunities for data
transmission over its mobile network in order to maximise the utilisation of
the network capacity. The 'airtime provider' will commit a significant
marketing budget to support the launch across the U.S.
'This new business opportunity represents a significant development of the
Board's strategy to become the leading provider of software and service
solutions to manage the delivery and completion of service jobs through
independent service companies. Our world-leading FSS solution is targeted at
the larger independent service companies that have some central IT functions.
This agreement with a major 'air-time provider' gives us the capability to
deliver our applications cost effectively via the mobile phone of millions of
service engineers in their trucks' commented David Brisco, CEO of ServicePower.
Note: ServicePower refers to the company and SERVICEPower refers to the
product.
June 7th, 2005
stockdog
- 07 Jun 2005 11:03
- 212 of 248
pth - another piece of good news. The chart looks to be forming a sort of support level around about 26p. Although the highs are still reducing with each wave, the lows appear to be bottoming out. A good break out up through the downward January resistance line and a solid attack on the 200dma could see the SP start the climb up towards the Jan 2004 peak. But we need some consistent repeats to the good news over the course of the year to achieve this. It's a question of how long you want to give it.
sd
sd
ptholden
- 07 Jun 2005 11:08
- 213 of 248
Fair to say, tht SVR are not really capturing the investor imagination at the moment. It will need media coverage (IC /Shares etc) to whet the appetite once more, but from a fundamnetal perspectice the company is certainly beginning to put the disappointments of the previous year behind them. As this is one of my 'semi-dogs' I am happy to watch and wait.
pth
pth
ptholden
- 08 Jun 2005 10:54
- 214 of 248
A bit more positive news:
SERVICEPOWER TECHNOLOGIES PLC
('SERVICEPOWER' OR THE 'COMPANY')
Director's Dealing
The Company announces that it has today been informed that on 7th June 2005,
David Brisco, the Chief Executive Officer of the Company, has purchased 100,000
Ordinary Shares of 10p each ('Ordinary Shares') at a price of 26p per share.
Following this transaction, David Brisco has an interest in 4,195,216 Ordinary
Shares, representing 5.66 per cent of the Company's issued share capital.
The Company announces that it has today been informed that on 7th June 2005,
Ian MacKinnon, an executive Director of the Company, has purchased 100,000
Ordinary Shares of 10p each ('Ordinary Shares') at a price of 26p per share.
Following this transaction, Ian MacKinnon has an interest in 3,473,392 Ordinary
Shares, representing 4.69 per cent of the Company's issued share capital.
David Brisco
Chief Executive Officer
8th June 2005
Still surprised this isn't starting to move along a bit more. Time will tell.
pth
SERVICEPOWER TECHNOLOGIES PLC
('SERVICEPOWER' OR THE 'COMPANY')
Director's Dealing
The Company announces that it has today been informed that on 7th June 2005,
David Brisco, the Chief Executive Officer of the Company, has purchased 100,000
Ordinary Shares of 10p each ('Ordinary Shares') at a price of 26p per share.
Following this transaction, David Brisco has an interest in 4,195,216 Ordinary
Shares, representing 5.66 per cent of the Company's issued share capital.
The Company announces that it has today been informed that on 7th June 2005,
Ian MacKinnon, an executive Director of the Company, has purchased 100,000
Ordinary Shares of 10p each ('Ordinary Shares') at a price of 26p per share.
Following this transaction, Ian MacKinnon has an interest in 3,473,392 Ordinary
Shares, representing 4.69 per cent of the Company's issued share capital.
David Brisco
Chief Executive Officer
8th June 2005
Still surprised this isn't starting to move along a bit more. Time will tell.
pth
stockdog
- 09 Jun 2005 17:24
- 215 of 248
Non-exec chariman also buys 100,000 at 26p - this with yesterday's news seems to set a floor on the SP for now and the chart shows increasing signs of turning up from the bottom - giving about 13% of the company between the three of them, certainly a large enough slice to truly motivate them.
Maybe this is the start of a revival story for the SP. Need another positive deal RNS to confirm the good news from the recent US telecoms deal. This by way this deal could be massive as it is generic across a wide range of companies who all need some useful product to transmit via G3 mobiles (once the gimmicks have worn off).
sd
Maybe this is the start of a revival story for the SP. Need another positive deal RNS to confirm the good news from the recent US telecoms deal. This by way this deal could be massive as it is generic across a wide range of companies who all need some useful product to transmit via G3 mobiles (once the gimmicks have worn off).
sd
gordon geko
- 24 Jun 2005 09:28
- 216 of 248
one day this one will come good
stockdog
- 24 Jun 2005 10:05
- 217 of 248
It's a well-grounded and almost Buffetianly dull business, providing a service across US, UK and Europe that everyone I know is screaming out for (how many times does your oven-repair company suggest you wait in all day for them to turn up!) that is quietly doing its stuff with the long-term growth of a stable business in mind. It may take its time, but it will get to the top of the mountain as surely as many more fiery steeds and with a good deal less "evenements" en route.
I bought these a little too expensively slightly sooner than necessary, but they have certainly survived a recent weeding out of loss makers from my portfolio and have a comfortable berth on a modest allocation.
Over the last 3 months the chart seems to be consolidating at some form of bottom after its relentless decline from its Jan 2004 high of 54p. Anything under 26p seems a good buying opportunity and, once they get going, they will eventually rise at least to their former glory within a year, and probably beyond.
IMHO
sd
I bought these a little too expensively slightly sooner than necessary, but they have certainly survived a recent weeding out of loss makers from my portfolio and have a comfortable berth on a modest allocation.
Over the last 3 months the chart seems to be consolidating at some form of bottom after its relentless decline from its Jan 2004 high of 54p. Anything under 26p seems a good buying opportunity and, once they get going, they will eventually rise at least to their former glory within a year, and probably beyond.
IMHO
sd
Legins
- 29 Jun 2005 09:14
- 218 of 248
Some more positive contract news and the SP is at last moving north.
SERVICEPOWER TECHNOLOGIES PLC
('SERVICEPOWER' OR THE 'Company')
Award of Contracts
ServicePower, the recognised market leader in artificial intelligence based,
field service scheduling solutions and computer services, today announced the
award of a new contract with Metron North America. The contract provides
electronic dispatching, availability and mobile dispatch to thousands of
satellite TV installation engineers across the US via its FSS application.
This contract follows the model of the recently announced contracts with
National Service Alliance, Inc (NSA) in the US and Elesco in Europe. Metron
centrally co-ordinates a network of independent service companies across the US
for major manufacturers and retailers, thereby providing the single point of
contact they are looking for. As well as providing the IT infrastructure to
manage Metrons' business, ServicePower will gain access to the network, greatly
extending the Company's authorised servicer network and extending its
capability to deliver revenue through the outsourcing and the recently
announced 3G mobile business models.
ServicePower expects the three contracts combined to deliver 500,000 in the
first year and more than 1 million per year thereafter. These contracts are
also significant as they underpin the ServicePower service delivery model.
Manufacturers and retailers who currently manage a disparate network of
independent service organisations have two options if they are to improve
customer satisfaction and reduce costs. They can either outsource the
management of the work to an organisation that has good IT infrastructure,
keeping control of the work themselves, or they can outsource the work to an
organisation that can provide a total solution. ServicePower is now well placed
to pick up transaction revenue or outsourcing revenue whichever option the
manufacturers choose to adopt, either directly or through these new clients.
'This contract with Metron further extends the breath of our service delivery
capability as it brings with it state-of-the-art distribution, logistics and
contact centre services. ServicePower now has more than 40,000 authorised
servicers, making our network one of the largest in the US,' commented David
Brisco, CEO of ServicePower.
Note: ServicePower refers to the company and SERVICEPower refers to the
product.
June 29th 2005
SERVICEPOWER TECHNOLOGIES PLC
('SERVICEPOWER' OR THE 'Company')
Award of Contracts
ServicePower, the recognised market leader in artificial intelligence based,
field service scheduling solutions and computer services, today announced the
award of a new contract with Metron North America. The contract provides
electronic dispatching, availability and mobile dispatch to thousands of
satellite TV installation engineers across the US via its FSS application.
This contract follows the model of the recently announced contracts with
National Service Alliance, Inc (NSA) in the US and Elesco in Europe. Metron
centrally co-ordinates a network of independent service companies across the US
for major manufacturers and retailers, thereby providing the single point of
contact they are looking for. As well as providing the IT infrastructure to
manage Metrons' business, ServicePower will gain access to the network, greatly
extending the Company's authorised servicer network and extending its
capability to deliver revenue through the outsourcing and the recently
announced 3G mobile business models.
ServicePower expects the three contracts combined to deliver 500,000 in the
first year and more than 1 million per year thereafter. These contracts are
also significant as they underpin the ServicePower service delivery model.
Manufacturers and retailers who currently manage a disparate network of
independent service organisations have two options if they are to improve
customer satisfaction and reduce costs. They can either outsource the
management of the work to an organisation that has good IT infrastructure,
keeping control of the work themselves, or they can outsource the work to an
organisation that can provide a total solution. ServicePower is now well placed
to pick up transaction revenue or outsourcing revenue whichever option the
manufacturers choose to adopt, either directly or through these new clients.
'This contract with Metron further extends the breath of our service delivery
capability as it brings with it state-of-the-art distribution, logistics and
contact centre services. ServicePower now has more than 40,000 authorised
servicers, making our network one of the largest in the US,' commented David
Brisco, CEO of ServicePower.
Note: ServicePower refers to the company and SERVICEPower refers to the
product.
June 29th 2005
gordon geko
- 29 Jun 2005 13:21
- 219 of 248
12 months ago a contract win would drive price much further belive SVR
has credibility problem with investors think dirt cheap at this level and next set of results should see re-rating but looks like going to have to hang on until sept for this
has credibility problem with investors think dirt cheap at this level and next set of results should see re-rating but looks like going to have to hang on until sept for this
gordon geko
- 01 Jul 2005 14:00
- 220 of 248
looks like 30p will be achived shortly
hawick
- 01 Jul 2005 19:01
- 221 of 248
Got back in today. Persuasive chart support at 25-26p, Director buying, new contracts and chunky volume seems to have cleaned out the seller. Think they are a good play to high 30s pdq.
hawick
- 04 Jul 2005 14:29
- 222 of 248
Nice move up today confirming base in. Serious danger that I am going to make money out of SVR. A first for everything!
gordon geko
- 11 Jul 2005 10:49
- 223 of 248
big move today something in the pipeline ????
gordon geko
- 12 Jul 2005 11:49
- 224 of 248
looks like hanging onto the 30p mark big trade 325k just gone thru
hawick
- 12 Jul 2005 16:27
- 225 of 248
Continuing to 'power' ahead now. Up another 2p today!
greasepaint - 13 Jul 2005 08:39 - 226 of 248
zippidy dodah, zippiidy day
LONDON (AFX) - ServicePower Technologies PLC said its first half loss to June 30 narrowed to 0.8 mln stg from 1.6 mln a year earlier, as revenue more than doubled to 3.4 mln stg from 1.5 mln.
The figures are stated according to UK GAAP.
The scheduling software specialist said its first half revenue represents 83 pct of the revenue achieved in the full year of 2004, in what it described as a 'positive' trading update.
The results reflect contracts signed in 2004 and 2005 for its Field Service Solutions business unit, plus 1 mln stg in software licence revenue from a contract signed in April.
ServicePower said it currently has sufficient cash to meet the requirements of the business, and given the contracts that it has already signed and
on-going negotiations, it is confident of the trading prospects for
the full year and beyond.
Interim results will be announced in the week beginning Sept 26, and will be prepared under IFRS.
LONDON (AFX) - ServicePower Technologies PLC said its first half loss to June 30 narrowed to 0.8 mln stg from 1.6 mln a year earlier, as revenue more than doubled to 3.4 mln stg from 1.5 mln.
The figures are stated according to UK GAAP.
The scheduling software specialist said its first half revenue represents 83 pct of the revenue achieved in the full year of 2004, in what it described as a 'positive' trading update.
The results reflect contracts signed in 2004 and 2005 for its Field Service Solutions business unit, plus 1 mln stg in software licence revenue from a contract signed in April.
ServicePower said it currently has sufficient cash to meet the requirements of the business, and given the contracts that it has already signed and
on-going negotiations, it is confident of the trading prospects for
the full year and beyond.
Interim results will be announced in the week beginning Sept 26, and will be prepared under IFRS.
gordon geko
- 13 Jul 2005 09:29
- 227 of 248
said something was in the wind can see 40p on the horizon too much to hope fior the end of the week ???
gordon geko
- 13 Jul 2005 11:16
- 228 of 248
two big trades just went thru for abv 36p assume both buys ?? looks like gaining
some momentum
some momentum
goldfinger
- 14 Jul 2005 00:36
- 229 of 248
Still holding Gordon. Just awaiting developments.
Some posters think I have sold out of positions because I dont keep up to date on the board, which is not correct.
I tend to keep posting away on my new buys and then leave them for a while.
Things will buck up here beleive me.
cheers GF.
Some posters think I have sold out of positions because I dont keep up to date on the board, which is not correct.
I tend to keep posting away on my new buys and then leave them for a while.
Things will buck up here beleive me.
cheers GF.
gordon geko
- 14 Jul 2005 08:55
- 230 of 248
I thought you had moved on too need to give this some exposure as thought
i was on my own shame didnt buy some more at 25p two weeks ago where too
in the short term
i was on my own shame didnt buy some more at 25p two weeks ago where too
in the short term
stockdog
- 08 Sep 2005 11:32
- 231 of 248
When are the interims due on this boring share? Anyone care?
bishopjeremy
- 08 Sep 2005 11:49
- 232 of 248
Interims are due on September 28th....zzzz....zzz...
stockdog
- 08 Sep 2005 20:23
- 233 of 248
thanks - oi! wake up!
gordon geko
- 23 Sep 2005 10:19
- 234 of 248
this lot of results could be the catalyst and watershead for SVR as profitability might just be finally around the corner as might be a re-rating can see 50p in the short term
js8106455 - 09 Nov 2012 09:48 - 235 of 248
Interview with Mark Duffin, Chief Executive Officer talks about the agreement that has been reached with Bella Solutions. Within the interview he explains the benefits of the software, how it enhances the ServiceMarket platform and the new recurring revenue potential potential.
Click the link below to listen:
http://www.brrmedia.co.uk/event/106561/mark-duffin-chief-executive-officer
Click the link below to listen:
http://www.brrmedia.co.uk/event/106561/mark-duffin-chief-executive-officer
doodlebug4 - 24 Sep 2013 10:49 - 236 of 248
Not holding these at the moment, but added to my watchlist. Perhaps on the road to recovery now?
dreamcatcher
- 31 Dec 2013 10:30
- 237 of 248
Could well bounce, a few including Shares are tipping this one. Up 6.98% today.
Bullshare
- 02 Mar 2014 12:56
- 238 of 248
The Shares Innovation & Growth Investor Evening will showcase up to 4 leading innovative and imaginative growth companies bringing them together in one room for one evening only!
Presentations from Directors of leading edge growth companies about their latest plans
Opportunity for you to talk face to face with the companies attending
Networking drinks/canapés - your chance talk to other attendees - private investors, wealth managers, private client brokers, fund managers and financial institutions
Attendance is FREE, but places are strictly limited, so register now!
REGISTER NOW
Supported by:
Date: Thursday 20th March 2014
Venue: Novotel Tower Bridge, 10 Pepys Street, London EC3N 2NR
Evening timings:
18:00 - 18:30 Registration and coffee
18:30 - 20:30 Presentations
20:30 - 21:30 Drinks reception and canapés
Companies presenting include:
Advanced Oncotherapy (AIM:AVO)
Powerful technology to treat cancer with pinpoint precision.
Advanced Oncotherapy is a specialist developer and provider of innovative medical technology. We aim to deliver market changing, cost effective and clinically superior cancer treatments giving patients more choice, more convenience and a greater quality of life.
Speaker: Sanjeev Pandya, COO
ServicePower (AIM:SVR)
ServicePower provide best in class field service scheduling and management software to enable businesses to greatly improve field service workforce optimization through project scheduling, route scheduling and mobile GPS tracking software.
ServicePower’s total workforce management system also incorporates intelligent data analysis to enable you to assess the very best options for planning and allocation of resources.
ServicePower solutions are ideal for both large organizations and SMB alike being available as either implemented software that can be fully incorporated with existing systems, or entirely as SaaS.
Speaker: Marne Martin, CEO
MORE COMPANIES TO BE ANNOUNCED
REGISTER NOW
Presentations from Directors of leading edge growth companies about their latest plans
Opportunity for you to talk face to face with the companies attending
Networking drinks/canapés - your chance talk to other attendees - private investors, wealth managers, private client brokers, fund managers and financial institutions
Attendance is FREE, but places are strictly limited, so register now!
REGISTER NOW
Supported by:
Date: Thursday 20th March 2014
Venue: Novotel Tower Bridge, 10 Pepys Street, London EC3N 2NR
Evening timings:
18:00 - 18:30 Registration and coffee
18:30 - 20:30 Presentations
20:30 - 21:30 Drinks reception and canapés
Companies presenting include:
Advanced Oncotherapy (AIM:AVO)
Powerful technology to treat cancer with pinpoint precision.
Advanced Oncotherapy is a specialist developer and provider of innovative medical technology. We aim to deliver market changing, cost effective and clinically superior cancer treatments giving patients more choice, more convenience and a greater quality of life.
Speaker: Sanjeev Pandya, COO
ServicePower (AIM:SVR)
ServicePower provide best in class field service scheduling and management software to enable businesses to greatly improve field service workforce optimization through project scheduling, route scheduling and mobile GPS tracking software.
ServicePower’s total workforce management system also incorporates intelligent data analysis to enable you to assess the very best options for planning and allocation of resources.
ServicePower solutions are ideal for both large organizations and SMB alike being available as either implemented software that can be fully incorporated with existing systems, or entirely as SaaS.
Speaker: Marne Martin, CEO
MORE COMPANIES TO BE ANNOUNCED
REGISTER NOW
js8106455 - 11 Nov 2014 16:37 - 239 of 248
js8106455 - 09 Jan 2015 15:27 - 240 of 248
ServicePower Technologies
js8106455 - 09 Jan 2015 15:46 - 241 of 248
Bullshare
- 22 Jan 2015 17:32
- 242 of 248
The Innovators & Investors Forum is organised in partnership with Cenkos Securities and Shares.
The event aims to showcase up to 40 pioneering and imaginative technology-led firms, bringing them together with the investment community. It combines both a company expo and an educational conference where delegates learn about a range of investment opportunities.
The event is supported with an extensive conference program, including keynote speakers and company presentations. There is also an opportunity to engage in discussions with exhibitors at their stands.
Participating companies
| Abzena | eg solutions | MedaPhor | Shares |
| AirPortr | ELECO | Mercia Technologies | SQS |
| AJ Bell Youinvest | Escher Group | Plastics Capital | Stadium Group |
| APC Technology Group | Flowgroup | Proxama | TyraTech |
| Atlantis Resources | Forbidden Technologies | ReNeuron Group | XLMedia |
| blur Group | Imperial Innovations | Rightster | |
| Brady | Instem | Rosslyn Analytics | |
| Cenkos Securities | KBC Advanced Technologies | SeaEnergy | |
| Deltex Medical Group | Manx Telecom | ServicePower |
More companies to be announced
Event timings
| Registration: | from 09:00 |
| Conference: | 09:45 - 17:30 |
| Exhibition: | 09:00 - 18:00 |
Tuesday 3rd February 2015
Venue:Business Design Centre, London N1, 52 Upper Street, Islington, London, N1 0QH
Attendance is free, but spaces are limited. Register now to secure your place!
Cenkos Securities
 | Cenkos Securities is an independent specialist securities firm focused on UK small and mid-cap companies. They aim to be entrepreneurial, whilst seeking to establish long-term relationships with corporate and institutional clients. Their directors and partners have on average more than 25 years' experience in the UK securities market. They have pioneered and led some of the most successful and innovative transactions in the UK securities market over the last decades. |
AJ Bell Youinvest
 | AJ Bell Youinvest is a multi-award winning provider of SIPPs, stocks and shares ISAs, Junior ISAs, Junior SIPPs and share dealing accounts. We offer customers access to a market leading range of investment options, including: shares, funds, ETFs, investment trusts and much more. Our online dealing service starts from just £4.95 and never costs more than £9.95 per deal. |
Shares
 | Shares is the leading weekly publication for the serious private investor. Full of forward facing actionable content, industry leading insight plus honest unbiased content; each week covering areas such as Stocks (Large, Mid or Small Cap), Commodities, Bonds, Funds, Forex, Spreadbetting, CFDs, ISAs, ETFs and personal investing. |
Abzena (ABZA:AIM)
 | Abzena provides a suite of complementary services and technologies to R&D organisations to improve the chances of successful development of therapeutic proteins and antibodies, and it is therefore poised to capitalise on the growth of the biopharmaceutical market. The Group has significant know-how, supported by a broad patent estate, to enable it to create better biopharmaceuticals for its customers. Abzena operates a balanced business model with growing revenues from its service business and the potential for significant future growth through royalty bearing licences for the application of its technologies to biopharmaceutical products. The Group’s technologies and services are provided through its wholly-owned subsidiaries, PolyTherics and Antitope. |
AirPortr
 | Portr is everyone’s personal on-demand porter service, placing less stressful luggage free journeys at travelers’ fingertips. The service enables passengers to have their luggage delivered between London and it’s airports, same-day, whatever size, wherever they are, whenever needed. They are then free to travel around the city more efficiently, making the most of their time, without their burdensome baggage slowing them down, from only £25. Combining security, transportation, B2B connectivity and consumer mobile accessibility through technology, Portr has achieved the aviation industry ambition of ‘seamless end-to-end passenger journeys’, delivering innovative solutions, helping airlines and airports improve passenger flows and generate ancillary revenue, while enhancing their travel experiences. Having launched at London City Airport in 2014, this year will see Portr’s rollout across a number of London airports. |
APC Technology Group (APC:AIM)
 | APC Technology Group PLC provides technologies and services intended to help improve organisational sustainability. These include sustainability consulting, energy reduction, energy generation, water management and project financing. It is also one of the UK’s leading distributors of specialist electronic components. Since incorporation in 1982, we have developed outstanding relationships with both specialist manufacturers and our customers, who put significant value on our understanding of their individual business challenges and markets, our technical expertise and the high levels of customer service we provide. |
Atlantis Resources (ARL:AIM)
 | For more than a decade, Atlantis has been actively involved in the commercialisation of tidal power technology and the development of tidal power projects around the world. Atlantis is striving to become the world’s leading developer of commercial scale tidal power projects and the technologies required to economically deliver tidal current power to the grid for sale and dispatch. Atlantis owns patented technologies covering power generation, turbine deployment and turbine operation and control. The combination of our technology and our track record in successful project origination and development, has created what we believe to be a uniquely commercial force in the marine power industry, able to develop and manage commercial-scale, marine power renewable energy projects globally. |
blur Group (BLUR:AIM)
 | The way businesses buy and sell services is being revolutionized. blur has torn up the old play book and replaced it with a new one where projects for talented, capable suppliers are won based on merit. We have nearly 50,000 service providers keen to impress you and successfully deliver your project - typically saving you 25%. Businesses like Amazon, Regus, Caterpillar and Argos have changed the way they buy and sell services. They find it easy, fast, fair, with better choice and guaranteed quality. You buy everything else online, why not business services? |
Brady (BRY:AIM)
 | Brady Plc is the largest European-headquartered provider of trading and risk management software to the global commodity, energy and recycling markets. Following our listing on AIM, Brady has achieved 50% compound annual growth in revenues over the past five years. It has entered new markets, developed new software solutions, and added global industry leaders as clients. Our growth has resulted from our strategy of combining organic growth with acquisitions, supported by Cenkos, our nomad and broker. Brady is the only UK stock exchange listed company active in the intersection of technology and commodities. We are ranked number one globally in metals, and US recycling, and are the energy Trading and risk Management solution provider with the most energy installations in Europe. |
Deltex Medical Group (DEMG:AIM)
 | Deltex Medical manufactures and markets the CardioQ-ODMÔ system. CardioQ-ODM changes the way doctors care for surgical patients allowing them to recover faster and leave hospital sooner and in better health than they otherwise would do. The performance of the system has been validated through independently conducted, randomised controlled clinical trials and is being translated into routine clinical practice in leading hospitals around the world. |
eg solutions (EGS:AIM)
 | eg solutions is a back office workforce optimisation software company. eg pioneered this new market space and developed the most complete, purpose built workforce optimisation software for back offices – the only solution that manages work, people and end-to-end processes wherever they are undertaken, anywhere in the world. Our software is used by leading UK, international and global companies in multiple industry sectors. Using our forecasting, scheduling, real-time work management and operational analytics capabilities we deliver measureable improvements in service, quality, productivity and regulatory compliance. When supported by our implementation and training services we guarantee return on investment. |
ELECO (ELCO:AIM)
 | Eleco Plc is an AIM-listed software company with interests based principally in Sweden, Germany and the UK. Eleco develops software tools for the architectural, engineering and construction industries. Eleco is committed to promoting a more sustainable built environment by providing software and services that integrate the construction project delivery process from design through to delivery. |
Escher Group (ESCH:AIM)
 | Escher Group Holdings plc is the world leading developer and provider of point of service software for use in the postal industry worldwide. Its core Riposte® software serves 35 national postal services across the world including the United States, Germany, Malaysia, South Africa and Saudi Arabia. The software enables post offices to expand upon their traditional offering, providing new revenue streams, reducing costs and increasing efficiency. The Group has also invested in new products such as Riposte TrEx which is designed to provide a national digital infrastructure linking governments, businesses and citizens via a secure platform. Escher has offices in Dublin, Boston, Singapore, Washington, London and Johannesburg. The Group had an initial public offering in 2011 and is listed on the London Alternative Investment Market (AIM). |
Flowgroup (FLOW:AIM)
 | Flowgroup's patented technology platform will help it dominate the global heating market and the emerging connected home space. Flowgroup's product range launches with the world's first affordable electricity-generating boiler. This boiler generates low cost, low carbon electricity as it uses gas to heat a home. It reduces customer electricity bills by 50% and household carbon emissions by up to 20%. It's designed to become the leading domestic heating technology worldwide with a volume production price close to a standard boiler. And there's even more to this game-changing boiler. Couple its generation capability with internet connectivity and an intelligent thermostat and you have the beating heart of the smart, connected home - and a company with global prospects in the most exciting market around. |
Forbidden Technologies (FBT:AIM)
 | Forbidden Technologies Plc launched its Forscene cloud video platform in 2004. Used by some of the largest global media players, Forscene is a world leader, having handled 4,000,000 hours of professionally shot source video. During 2013, monthly usage of Forscene rose to over 100 UK TV series. Forbidden capitalised on its successful contract with Google / YouTube by engaging key partners in sports. Gross margins remain in the 85% region.With around 30,000 accounts for its mobile video editing app, Forbidden is positioning to profit from the explosive growth in internet video and mobile devices. In 2013, Forbidden raised over £8m in cash. Forbidden is using this to invest for growth, particularly in the US, where its presence is already being felt. |
Imperial Innovations (IVO:AIM)
 | Imperial Innovations builds and invests in technology and healthcare companies based on the most promising technologies from our brightest scientists. It is connected with four of the world’s top research universities (Imperial, Cambridge, Oxford and UCL) which between them generate research income of £1.4 billion p.a. A significant technology investor with a portfolio of over 90 companies, Imperial Innovations has invested more than £176.0 million across its portfolio since 2006, and its companies have raised collectively investment of more than £822 million. Innovations invest in the most promising opportunities from whichever technology sector they arise and has built particular expertise in the key sectors of: Therapeutics, Medtech and devices, engineering and materials, and ICT. |
Instem (INS.L:AIM)
 | Instem is a leading provider of IT applications to the global early development healthcare market. The Group is focused on the early development sector of the drug and chemical research and development industry, from late discovery and lead optimisation through to the Phase I clinical evaluation stage. Instem’s Early Development Applications (EDA’s) are used in evaluation studies to: - collect, analyse and report complex scientific data;- comply with regulatory reporting requirements;- improve quality, consistency and efficiency of information reporting; and- reduce the time of critical path R&D activities. Instem’s solutions are supplied to an international blue chip customer base including AstraZeneca, GlaxoSmithKline and Charles River Laboratories. |
KBC Advanced Technologies (KBC:AIM)
 | KBC Advanced Technologies plc (KBC.L) is a leading independent consultancy and software company dedicated to the design, operation and management of hydrocarbon processing facilities worldwide, by empowering our clients with advice and technology to deliver enduring excellence in safety, profitability and environmental performance. Our clients include owners, operators and investors in Oil, Gas, Refining, Petrochemical and relevant Support industries and the technologies at the heart of their operations in Upstream Production and Processing; Mid-stream Gas Handling and Transport; Downstream Refinery Processing, Petrochemicals and supporting Logistics, Financing & Planning. KBC’s client base includes a significant number of national oil companies (NOCs), major international oil companies (IOCs) and independent refiners. KBC was founded in the United Kingdom in 1979 and listed on the London Stock Exchange in 1997. We have 300 staff based in offices across North America, Europe, Middle East, Former Soviet Union and Asia. |
Manx Telecom (MANX:AIM)
 | Manx Telecom is the leading communication solutions provider on the Isle of Man. The Group offers a wide range of fixed line, broadband, mobile and data centre services to businesses, consumers and the public sector on the Isle of Man and provides a growing portfolio of innovative solutions to offshore customers through its Global Solutions division, including Strongest Signal Mobile roaming and Mobile Virtual Network Enabler Services (MVNE). It listed on the AIM section of the London Stock Exchange in February 2014, generated 2013 revenue of £76.0m, +5.0% yoy, and adjusted EBITDA of £27.5m, +11.5% yoy and intends to pay a full year 2014 dividend equivalent to a 7% yield on the IPO price of 142p per share. |
MedaPhor (MED:AIM)
 | MedaPhor is a global provider of advanced ultrasound education and training for medical professionals. Based in Cardiff in the UK and San Diego in the USA, our aim is simple – to build a world class ultrasound training company that has educational excellence as its core guiding principle. That core principle is as important now as on the day we started. With products ranging from the very latest in advanced virtual-reality simulation training to hands-on postgraduate courses, we are committed to becoming the world’s leading ultrasound simulation company. |
Mercia Technologies (MERC:AIM)
 | As an investment business providing funding, hands-on support and accommodation, Mercia's strategy is to provide seed, early stage and development capital from its third party funds under management (via its wholly owned subsidiary Mercia Fund Management) and, at a later stage, provide follow-on capital from its own resources to scale its emerging stars with the goal of realising value for shareholders through an exit over time. Operating nationally with a focus on the Midlands and the North, which have been historically underserved, Mercia has access to enviable sources of deal flow opportunities including partnerships held with nine universities in the region. |
Plastics Capital (PLA:AIM)
 | Plastics Capital is a specialist plastics products manufacturer focused on proprietary products for niche markets. The Group has five factories in the UK, two in China, one in Thailand and sales offices in the USA, Japan, India and China. Plastics Capital was listed on the AIM market in December 2007. Currently approximately 40 per cent of sales are exported to over 80 countries worldwide and production is concentrated in the UK where significant engineering know-how and automation underpins the Group’s competitiveness. The Group’s corporate strategy is to build shareholder value by continuing to grow its key businesses organically and through value enhancing acquisitions |
Proxama (PROX:AIM)
 | Proxama is a global platform provider of proximity marketing, loyalty and contactless payment solutions on mobile. We provide proximity commerce solutions to financial institutions, media owners, retailers and brands. Our two technology platforms, TapPoint® and CardGateway®, sit at the heart of our business. TapPoint® delivers proximity engagement and loyalty solutions for retailers, media owners and brands by utilising technologies such as NFC, Bluetooth LE (beacons), geo-fencing and QR codes. CardGateway® is our mobile contactless (NFC) payment platform that enables banks to transition their card portfolio onto mobile, for mobile contactless payments. |
ReNeuron Group (RENE:AIM)
 | We are a leading, clinical-stage stem cell business. Our primary objective is the development of novel stem cell therapies targeting areas of significant unmet or poorly met medical need. We have used our unique stem cell technologies to develop cell-based therapies for significant disease conditions where the cells can be readily administered "off-the-shelf" to any eligible patient without the need for additional drug treatments. Our lead stem cell therapeutic candidate is a therapy for the treatment of patients left disabled by a stroke. Our second application for the CTX cells is for the treatment of critical limb ischaemia. Both treatments are currently in clinical development. Our hRPC stem cell candidate is for the treatment of retinitis pigmentosa, a blindness-causing desease of the retina. This treatment is in late pre-clinical development. |
Rightster (RSTR:AIM)
 | Rightster is a global b2b video network for distribution, content-sourcing, audience engagement and monetisation. Rightster’s software and services make it simple for sports, fashion, news, entertainment and viral rights holders to maximise the value of their video whether on a licenced, ad-funded, direct to consumer or paid placement basis. Rightster provides an “upload once – commercialise everywhere” solution that extends the reach of live and on-demand video content to web, mobile and connected audiences via clients’ own sites, social channels, portals, platforms, newspapers, magazines and specialist blogs. Thousands of syndication partners are already preconnected, and Rightster’s Multi channel network (MCN) on YouTube consists of 450 channels, regularly featuring in the comScore top partner rankings. Founded by Charlie Muirhead in May 2011, Rightster has since grown to approximately 200 employees across 11 offices in 10 countries. |
Rosslyn Analytics (RDT:AIM)
 | At Rosslyn Analytics, we’re building intelligent businesses. How? By enabling our clients to prepare, manage and serve data to their business users. But, not just any data. We’re talking smart, enriched, analytics ready data. With analytics ready data, decisions accelerate. Teams collaborate. People innovate. Businesses captivate. We’re focused solely on the complex business of data. And, as business intelligence and analytics make the steady transition to the cloud, we’re taking an evolutionary rather than revolutionary approach. An approach that bridges the all-important gap between business and data. Which means data privacy, security and governance is assured. - See more at: http://www.rosslynanalytics.com/company/#sthash.6eCpkQzv.dpuf |
SeaEnergy (SEA:AIM)
 | SeaEnergy PLC (SEA.L) is an innovation-led offshore energy services business. Since 2012, its focussed strategy has delivered significantly increased turnover, expanded its global reach and is moving towards profitability, in line with expectations. It comprises: R2S’s Visual Asset Management, which provides a unique, intuitive and engaging front end for major upstream oil clients’ maintenance management information. R2S is active in the UK, Gulf of Mexico, Canada and rapidly growing internationally. SeaEnergy’s consultancy focusses on strategic consulting in asset integrity management, management of change and organisational development. Max and Co, our complementary corporate design and communication specialists, combine branding, graphics, 3D animation and web solutions to support clients in communicating complexity. SeaEnergy has developed designs and operational concepts for offshore wind farm support vessels which offer significantly improved wind farm economics. Our ship management team is now managing three vessels and is addressing growth opportunities. |
ServicePower (SVR:AIM)
 | ServicePower provides connected field services solutions that bring together the customer and the dispatch centre, technician, claims and warranty processes, parts, the contracted workforce, assets, mobility, business intelligence, and social collaboration. ServicePower connects all aspects of the field service value chain through the use of innovative technology that accelerates business efficiency gains and customer satisfaction while reducing costs. ServicePower is uniquely positioned to offer connected field services solutions on one underlying and consistent platform. |
SQS (SQS:AIM)
 | The SQS Group (SQS) is the world’s leading specialist in software quality. SQS’ position and expertise as the market leader are the result of over 30 years of successful consultancy. The company’s competitive edge stems mainly from its PractiQ methodology, which is based on many years of project experience and specialist knowledge across a wide range of industries. With over 7,000 completed projects, SQS has a strong customer base, including half of the DAX-30, almost a third of the STOXX-50 and 20 FTSE-100 companies. Our customers include Allianz, Beazley, BP, Centrica, Commerzbank, Daimler, Deutsche Post, Generali, JP Morgan, Meteor, Reuters, UBS and Volkswagen. |
Stadium Group (SDM:AIM)
 | Established over a century ago and headquartered in the UK, Stadium Group plc is an AIM listed, leading electronic technologies group with a turnover of circa £50 million and 800 employees. Its diverse product portfolio includes power supplies, intelligent interface and displays (Human Machine Interface), M2M (Man-to-Machine) Wireless Connectivity solutions supporting the Internet of Things expansion and integrated electronic manufacturing services (iEMS), which it provides to a broad range of OEMs in the professional electronics market. Stadium’s products are used in a wide variety of industries including industrial, medical, communications, green technology, automotive, marine, aviation, security and lighting. It presently operates four manufacturing sites in the UK (Hartlepool, Warrington, Diss and Southampton) a low cost manufacturing operation in China (Dongguan), UK and Asia R&D Centres and commercial offices in the UK, Hong Kong and Australia.
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TyraTech (TYR:AIM)
 | TyraTech, Inc. was established in 2004 to utilize its novel technology to fill the unmet and increasing global demand for effective, safe, and natural pesticide technologies for human and animal health. TyraTech's products incorporate a unique blend of potent natural active ingredients and are available in a number of markets including consumer, commercial, professional pest control, agriculture, human and animal health, vector control and livestock markets. TyraTech, Inc. made its Initial Public Offering in June 2007 on the AIM section of the London Stock Exchange, where it trades under two separate common stock share listings (TYR and TYRU). Since going public, TyraTech has established partnerships with market leaders in areas such as human health as well as consumer and commercial pest control operators. |
XLMedia (XLM:AIM)
 | XLMedia is one of the largest independent online traffic providers to the gambling industry, delivering digital performance marketing services to over 120 operators. It attracts paying users from different online channels and directs them to online gambling operators, typically in return for a revenue share. XLMedia has a scalable platform and clear strategy to support significant growth in both new and existing markets. With a track record of successful acquisitions it is also well positioned to act as an industry consolidator. In addition, XLMedia has a stated policy of returning at least 50% of retained earnings each year as dividends. |
London Stock Exchange
 | London Stock Exchange is the world's most international exchange. Nearly 2,500 companies from more than 90 countries are quoted across its markets, with a combined value of £4.4 trillion. London Stock Exchange's markets include the Main Market - London's flagship venue for equity, debt and exchange traded products, offering businesses access to Europe's most liquid pool of capital - and AIM - the world's leading market for small and growing companies. Since its launch in 1995 AIM has helped 3,500 companies raise £87 billion. Trading participants access London Stock Exchange markets via a range of secure, low latency interfaces, including the Order book for Retail Bonds (ORB), which since its launch in 2010 has allowed private investors to trade bonds in small denominations, and has helped companies raise over £4 billion. London Stock Exchange also offers a range of real-time and reference data services, facilitating the trading and reporting of over £1 trillion of securities by 400 members annually. London Stock Exchange is part of London Stock Exchange Group, which incorporates a range of pan-European trading, technology, post-trade and index businesses. |
Miton Group (MGR:AIM)
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Partnership with Concirrus for ServicePower Technologies: clic here
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Listen: Marne Martine, CEO ServicePower Technologies - Partnership and trading update
Click here to listen
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