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.

It was to give you a buying opportunity:-)

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.

Well it was up but only just. Still think we have a lot to come fron this one in the future.

cheers GF.

Brought back to top because its a very good company.

cheers GF.

GF,

last couple of trades - 2 buys x 125k?

mm

drifting back again ...

yup, reckon we are n for some terbalance until all those additional shares find a nice comfy home.

Think you have to be very patient with this one.

cheers Gf.

Speculation up and down the boards of more contact deals.

cheers GF.

Which boards GF?

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

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.

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.

no probs GF, thanks for the correction.

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.

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

This was posted by a BBer on the ADFVN site as worth 10 million dollars.

It could be worth 10 million POUNDS YIPPPPPPPPEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

Yes superb news Greasepaint and a nice rise on the market aswell.

cheers GF.

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.

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.