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.

They (ServicePower) only just got round to mailing me that!

told another contract and brpker upgrade round the corner

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.

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.

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.

Still in positive teritory.

cheers GF

Good to see that SVR has support at 27.40p - only a 40% drop from 51p - very comforting.

:-)

major major

(edited )

Shares Magazine
Brokers Tips:

*Buy - Bovis , ServicePower , Centrica .

cheers Gf

Deal still on the horizon, come on SVR lets have an RNS.

cheers Gf.

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 ???

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.

Could have the contract news finaly out this week, hoping for it very soon.

cheers Gf.

.

What does dot mean???????

cheers GF.

Sorry GF - I did a whoopsie, was meant to be on the SPS thread! Don't worry, I cleared it up.

No worries were have you been on SC?.

cheers GF.

GF,

any word from your brokers yet

MM

Not yet C22 but dont you worry as son as newis out it will bo on here. Good luck.

Cheersd GF.

is this the bottom for the moment ??

gg

no or do I mean yes.