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Service power looks like to have turned the corner (SVR)     

gordon geko - 19 Jul 2005 12:04

Thought I would start a fresh thread as the other title doesnt insipre me anymore

Brief

They are at half year 83% of the way toward achiving last years turnover
looking to get closer to break even that previously forecasted and recently
annouce new deals and more in the pipleine and directors buying again

so share price has risen from the 25p bottom by 10p in just over 10 days
ie 40% RHPS still tipping them to go to 80p in their opinion so some exposure
and with results due in september could get back to the 50p level before the
profit warning

alway DYOR

SERVICEPOWER TECHNOLOGIES PLC

('SERVICEPOWER' OR THE 'COMPANY')

Director's Dealing

The Company announces that it has today been informed that on 15th July 2005,
BFLAP, a Limited Liability Partnership has purchased 750,000 Ordinary Shares of
10p each ('Ordinary Shares') at a price of 33.75p per share.

Lindsay Bury, a non-executive Director of the Company, is also a partner in
BFLAP and therefore has a beneficial interest in the shares that BFLAP has
bought. Following this transaction, Lindsay Bury has an interest in a total of
4,042,000 Ordinary Shares, representing 5.45 per cent of the Company's issued
share capital.

David Brisco

Chief Executive Officer

18th July 2005

---------------------------------------------------------------------------------

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

hewittalan6 - 01 Mar 2006 22:19 - 23 of 29

Just disassociating myself from the fan club in the post above chaps!!!
He'll soon get bored and go back to pulling girls hair and swapping football cards in the playground.
Alan

greasepaint - 09 Mar 2006 18:46 - 24 of 29

here we go, here we go, here we go

GIDRUTH - 26 Sep 2006 12:35 - 25 of 29

LONDON (AFX) - ServicePower Technologies plc, which provides outsourcing solutions and software to the mobile repair and installations industry, cut its pretax loss in the first half of 2006 to 894,000 stg from a loss of 1.1 mln the prior year.

It raised revenue by 85 pct to 6.3 mln stg from 3.4 mln with hosting and outsourcing revenue showing a robust 150 pct increase to 3.8 mln. Software revenue was up 31 pct to 2.5 mln and this business traded profitably for the second successive six month period.

The group said it has enough cash to sustain current operations.

Chairman Barry Welck said the outlook for the company is positive. In previous years fixed costs and high investment levels resulted in losses which required external funding, however with revenue growing by more than 35 pct for each of the last five half-year periods he said the group has this year been able to fund the growing business using internally generated revenues.

He said it is encouraging that this growth is continuing.

'Whilst further growth is required to achieve profitability throughout the company, the board has confidence in the new business model. We therefore look forward to the future with confidence,' he concluded.

petesteve - 03 May 2007 13:30 - 26 of 29

looks like this ones starting to move at last

Confidant - 02 Feb 2008 11:29 - 27 of 29

..... 9 months later --- looks like this ones starting to move at last....

petesteve - 01 Mar 2011 11:22 - 28 of 29

ok but last few days look good New deal pos. with tesco I topped up today hopefully not too late

petesteve - 24 Mar 2011 09:23 - 29 of 29

good reports and now making profit looking to rise I think Operational Highlights
Sales focused strategy resulted in high levels of new contract wins with both new and existing customers
Expansion of landmark pilot with one of UK's leading supermarkets
Established a significant partnership during the year with Syclo Inc. extending ServicePower's market reach
Significant contract signed post period end with Assurant Solutions
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