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.

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

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

Legins,

Great AGM statement. v. bullish.

running ahead of USDTV management's expectations....further roll-out in July.

proof of concepts progressing.

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.

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!

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!

seems one way traiffic until some of this good news feeds into results

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."

Greasepaint,

you should have acknoledged that the interim date was posted by Ian on Advfn.

unless you are him

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

Interim results for SVR to be announced 23/9/2004.

Packman7, Im no longer in this one but still interested. Any ideas on what to expect from the results?.

cheers Gf.

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.

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

whats going on down a third since 'postive' results

where too now ?

up 10% today - hope this is the start of the long awaited push north!

two directors purchase stock this week. CE 100,000 at 32p, and NEC 70,000 at 34p. one to follow??

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 ?