EPIC : SOG

Web Site : http://www.statpro.com/

Investor Relations : http://ww7.investorrelations.co.uk/statpro/index.jsp


Portfolio Analytics Solutions

StatPro was founded in 1994 to provide portfolio analytics for the financial sector. Today, StatPro offers a wide range of applications and reports based around the Data Hub that enables clients to automate and improve every aspect of their analysis needs. With over 200 clients in 25 countries, StatPro has a proven track record of meeting and exceeding the highest standards of its clients.
StatPro has offices in 8 countries and offers the highest standards of service and support in multiple languages. The secret of success lies in innovation and development and it spends in excess of 25% a year of its revenues on R&D.
Over the years StatPro has built up an impressive team of talented individuals who have all excelled in their chosen field of expertise. The collective experience of performance professionals, risk experts, fund managers, developers and business consultants gives StatPro a solid structure upon which to serve its clients and grow its business.


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Nice moves, but I think this is very cheap at anything under 105p.

Nicely opened up.

L2 1 v 1 @95/97

Getting ready to move through 100p soon I hope.

IR site :

Investor Relations : http://ww7.investorrelations.co.uk/statpro/index.jsp


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Extract from latest update on http://www.armshare.com


............................The January 2007 update re the final results to December 2006 reported that they are anticipated to be in line with market expectations - new business signed was 50% higher than in 2005; the integration of FRI (see above para) is in line with plan - the first cross-sell of a StatPro system to an FRI client has been achieved.

The final results to December 2006 showed sales of 14.6 million (2005: 10.8 million), pre-tax profit of 1.1 million (2005: 1.6 million), adjusted EPS of 5.8p (2005: 4.6p) and DPS of 1.0p (2005: 0.5p) - the results include an exceptional charge of 1.4 million (2005: nil) and amortisation of intangibles of 1.7 million (2005: 1.1 million). The company reported that like-for-like sales grew 18% - recurring revenues were 85% of sales (2005: 85%) - year end annualised recurring revenues were 17.7 million (2005: 10.1 million); operating margin was 18.1% (2005: 15.4%); the exceptional charge is expected to reduce operating costs by c500,000 pa.

The May AGM update reported that trading for the first 4 months of 2007 is in line with expectations and is ahead of the same period in 2006.

The July update re the interim results to June 2007 reported that they are in line with expectations and significantly ahead of H1 2006.
Research Standing
The company is demonstrating an attractive business model (which benefits from increasing regulation) and achieving margins which suggest that it provides attractive value propositions to its customers. The company now has an established platform from which it can make small bolt-on acquisitions and benefit from enhancing its product range and/or its customer base, thus providing attractive cross-selling opportunities. The company has a good record of showing that it can significantly grow the sales of the bolt-on acquisitions.

The company broker's note dated 13th March projects EPS of 7.0p for 2007, 8.7p for 2008 and 10.5p for 2009 representing P/Es of 13.3, 10.7 and 8.9 respectively based on the share price of 93.0p at 12th July.

Broker Forecasts :

Arbuthnot 15th May 2007 "Strong Buy"

2007 PTP 4.6m
2007 EPS 7.01p
2007 DPS 1.52p

Current year forecast PER of times 14.05 @98.5p

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

2008 PTP 6.5m
2008 EPS 8.67p
2008 DPS 2.0p

Forward forecast PER of times 11.36 @98.5p

Article in The Times : Buy rating.


http://business.timesonline.co.uk/tol/business/columnists/article2067181.ece

From The Times July 13, 2007

Extract below :


....................................StatPro Group

This AIM-listed software provider has more reason than most companies to please its professional investors. They are also its customers. StatPro, founded in 1994, develops computer programs that enable fund managers to analyse the performance of their portfolios, calculate returns and manage risk.

As such, it has benefited both from the long-term growth and increase in diversity of assets under management, as well as higher spending on technology as money managers seek to improve efficiency and comply with tighter regulation.

But StatPro stirred unease in their ranks this year after its 27 million acquisition of FRI, a Canadian provider of fixed-income bond data, the biggest deal in its history. The purchase saw its proportion of US dollar revenues rise from 15 per cent to 25 per cent, and those in Canadian dollars from 2 per cent to 18 per cent. This, combined with confusion over the revenue recognition policies of FRI, triggered downgrades to its profit forecasts. StatPros shares fell 29 per cent in a matter of weeks.

So yesterdays first-half trading update, in which StatPro said that trading was in line with forecasts, served to reassure. So did its disclosure that it had won a clutch of significant contracts.

The rationale behind deals such as FRI, its eighth in six years as a public company, is to increase the cross-selling of acquired products to existing clients. With its customers buying, on average, 1.6 of its products as against the eight on offer, there is clearly scope for that ratio to rise.

Here, it is being helped by regulatory changes such as MiFID, which has increased demand for additional data feeds. After this years hiccup, StatPro, up 8p to 93p, sits at 13.3 times 2007 earnings, or 10.7 times 2008.

Too cheap for a company growing organically at more than 15 per cent, with operating margins of 25 per cent and 85 per cent of its revenues recurring. Buy. ..................................................................

Looking strong today.

Bit more buying, L2 now 5 v 1 @102/106.

Results next Monday, so all being well a good week ahead next week, with hopefully a good for media mentions to raise the profile.

They are generating lots of cash, and the markets like stocks that do that, at this moment in time.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/07/29/cxequity129.xml

Market jitters boost Statpro

Statpro (101p) designs and sells software used by the asset management industry to analyse portfolios. Its products can be used to work out risks in a portfolio, help judgments on asset allocation and monitor performance. It also sells related consultancy services.

Interim results on Monday are expected to be strong. The latest recent trading update indicated that recent acquisitions had been integrated successfully, and that the new business pipeline was at record levels.

The group also said it is securing more recurring revenues from existing clients, and that its increased scale and broader product range is giving it access to bigger contracts.

Anecdotally, the type of products offered by Statpro are in greater demand at the moment due to volatility in the credit markets and the general uncertainty surrounding equities. Given that fund management firms have been making good money for the past few years, they are better placed to invest in technology.

Statpro's shares have been strong in recent weeks, bouncing back from a sell-off earlier in the year. But they are still trading on just 13 times forecast earnings. The rest of the software and computer services sector trades on about 20 times earnings. The company's balance sheet is healthy; it is generating cash and pays a small dividend.

We first advised readers to look at the company in February 2005, when the shares stood at 36.5p. There should still be mileage left in the shares. Keep buying.

Interims just out and looking fine imo and generating cash :

http://www.investegate.co.uk/Article.aspx?id=200707300701190591B

Interim results for the six months ended 30 June 2007

StatPro Group plc, the AIM listed provider of portfolio analytics and data solutions for the global asset management industry, announces its interim results for the six months ended 30 June 2007.

Six months ended Six months ended Change
30 June 2007 30 June 2006

Turnover 11.32 million 6.33 million +79%
Profit before tax 1.86 million 0.82 million +126%
Operating margin 20.2% 12.4% +63%
Earnings per share 3.0p 2.0p +50%
- basic 2.9p 2.0p +45%
Dividend per share 0.45p 0.3p +50%



FRI integration completed:

Agreement signed for additional revenue with Accenture on major systems project amounting to US$1.8 million (0.90 million)
Agreement on working capital balance on FRI acquisition resulting in C$1.0 million (0.47 million) benefit
Transfer of non-core real time data business to Tenfore Systems Limited for consideration of up to US$2.5 million (1.25 million) expected to be completed by year end
Acquisition of Initram Data Inc. completed in July 2007 for C$3.0
million (1.41 million) payable over two years to consolidate strong

Canadian bond data market position
Automation of data feed into StatPro product suite achieved on target



Financial highlights:

Operating margin target of 20% achieved
Recurring annualised revenue increased to 18.8 million (Dec 2006: 17.7 million)
Significant increase in professional services revenue to 2.00 million (2006: 0.96 million)
Continued strong cash generated from operations amounting to 2.89
million (2006: 1.95 million)


Commenting on the results, Justin Wheatley, Chief Executive of StatPro said:

'Given the transformation of our product set we are very confident about our prospects. We remain focused on maintaining the strong financial discipline that has helped us grow so successfully whilst balancing the needs for investment to sustain long term growth. We aim to maintain our recent rate of organic growth and our strong cash generation will help us systematically pay down our debt thus strengthening our balance sheet, providing us with the flexibility to
respond to any opportunities that may arise. We look forward to the second half of 2007 and beyond.'


AND THERE IS MORE, an acqusitions announced today too :


http://www.investegate.co.uk/Article.aspx?id=200707300701210592B

StatPro Group plc, the AIM listed provider of portfolio analytics and data solutions for the global asset management industry, is pleased to announce the acquisition of Montreal based Initram for a total cash consideration of C$3.0 million (1.41 million), with C$2.1 million (0.99 million) payable on signature and the balance over a two year period, financed from StatPro's existing bank facilities.

Statpro Group PLC
01 August 2007

STATPRO GROUP PLC
('StatPro' or the 'Company')

Director's shareholding

StatPro announces that on 31 July 2007 Carl Bacon, Non-Executive Chairman of the Company, transferred 20,000 ordinary shares of 1p each in the capital of the Company ('Ordinary Shares') into a Self Invested Personal Pension ('SIPP').
Accordingly, 20,000 Ordinary Shares were sold from his nominee account at a
price of 103p per share and 20,000 Ordinary Shares were bought by the SIPP at a
price of 103.25p per share. In addition, on the same day a further 2,273
Ordinary Shares were bought by the SIPP at a price of 104.95.

Following these transactions, Carl Bacon's interest in the Company comprises
420,000 Ordinary Shares, representing approximately 0.79 per cent. of the
Company's issued ordinary share capital, and options over 325,000 Ordinary
Shares.

End

RNS Number:9947F
Statpro Group PLC
19 October 2007

STATPRO GROUP PLC
("StatPro" or the "Group")

Q3 Trading Update

StatPro Group plc, the AIM listed provider of portfolio analytics and data
solutions for the global asset management industry, today announces a trading
update for the nine months ended 30 September 2007.

Highlights:

*trading is in line with expectations and significantly ahead of
comparable period in 2006
*organic revenue growth is 19% per annum (21% at constant exchange rates)
*acquisition of Initram completed in July 2007 now fully integrated
*new business pipeline remains strong

Further to the interim results announced on 30 July 2007, the Board is pleased
to report that trading for the first nine months of 2007 is in line with
expectations and significantly ahead of the same period in 2006. This
performance reflects the benefit of acquisitions in 2006 and 2007 and strong
organic revenue growth across the Group.

As previously announced, StatPro acquired Initram Data Inc, a small competitor
based in Montreal, that also produces Canadian bond prices, in July 2007. The
Initram business is now fully integrated with StatPro's existing data business
based in Montreal. With the important data clients acquired, the expertise of
the Initram team and the increased scale, StatPro is able to offer clients
additional services from a much broader coverage of data.

The Board is continuing to invest in its product development, in particular to
develop integrated data and analytics products. StatPro Data Direct, an "on
demand" market data service, will be launched at our forthcoming user convention
in the US later this month. This service will offer valuation prices for global
equity and bond markets as well as derivatives and other complex assets.

Our sales pipeline has continued to expand as new opportunities arise for our
enlarged product suite. The Board expects that StatPro should benefit from the
recent events in the financial markets, in particular the credit markets, as
this should drive demand for independent evaluated prices of complex assets
together with analysis of the associated risks.

The Board continues to look for opportunities to expand the business as a whole,
whilst consolidating its strong market position as a supplier of portfolio
analytics and data solutions to the global asset management industry.

Commenting Justin Wheatley, Chief Executive of StatPro Group, said:
"StatPro's market position is now very strong. Our product range, business
expertise and strong reputation give us a formidable opportunity to grow our
business. We look forward to building on the successes of 2007 in the coming
years."

StatPro Group to present at the London Innovators and Investors Forum

It is our pleasure to invite you to attend the forthcoming Innovators & Investors Forum on the 29th January 2013 at the Business Design Centre, London. This will be an exclusive invitation only event organised by Shares Magazine and Cenkos Securities.

As an active private investor, we are sure you would appreciate this unique opportunity to receive privileged access to 30 diverse, forward thinking and energetic technology companies at a single event.

Many of the exhibiting companies are currently involved in some very exciting projects in an effort to drive future growth, and development within their industries.

The event will be supported with an extensive conference program, including keynote speakers and company presentations.

We sincerely hope you are able to attend and that you find the experience both profitable and enlightening. Companies represented include:

1Spatial
Avanti Communications
Bango
Bond International Software Group
Brady
CML Microsystems
Corac
Cyan Holdings
eg Solutions
Energetix Group
eServGlobal
Forbidden Technologies
Fusion IP
Globo
incadea
InternetQ
IQE
KBC Advanced Technologies
Netcall
Optimal Payments
Plastics Capital
Probability
Quindell Portfolio
StatPro Group
WANdisco


Event time: 12.30pm to 5.30pm

Complimentary refreshments and luncheon provided

To register for this event please click here


CONFERENCE AGENDA AS AT 09.01.13
(To be updated once presentation speakers are confirmed)

12:30 Registration & Lunch

14:00 Keynote speaker - Richard Penny, Senior Fund Manager - Legal and General

14:15 Shares Magazine presentation - Russ Mould, Editorial Director

14:30 Company presentation - David Richards, President & CEO - WANdisco

14:45 Company presentation - Henrik Bang, CEO - Netcall

15:00 Company presentation - Marcus Hanke, CEO - 1Spatial

15:15 Company presentation - tbc

15:30 Coffee Break

16:00 Company presentation - Stephen Blundell, CFO - eServGlobal

16:15 Company presentation - David Baynes, CEO - Fusion IP

16:30 Company presentation - Stephen Streater, CEO - Forbidden Technologies

16:45 Company presentation - Charles Cohen, CEO - Probability

17:00 Company presentation - Simon Smith, Non-Executive Director - Cyan Holdings

17:15 Close

This agenda is subject to change and alterations

For further information, please visit our events page

Interview with Neil Smyth, Marketing & Technology Director of Statpro

Click here

one to watch - Statpro revolution continues

In IC this week -

If StatPro can build an industry - leading cloud analytics platform, the payback for shareholders could be substantial. Shares in pure cloud software companies in the US typically trade on an enterprise value of sales ratio of 5-12 times - StatPro's ratio is just 1.7 times., based on 2013 forecast sales. True, a forward PE ratio of 18 looks pricey- but that's more than warranted given StatPro's medium -term potential.

StatPro's cloud offering to redefine analytics market, reckons Panmure

By Giles Gwinnett

March 06 2014, 1:13pm
In the note 'Good things come to those who wait', he notes the trading update in late January this year indicated full year 2013 numbers would be in line with expectations
In the note "Good things come to those who wait", he notes the trading update in late January this year indicated full year 2013 numbers would be in line with expectations


Panmure issued an upbeat note on anlaytics specialist StatPro (LON:SOG) ahead of the firm's full year results on March 12.

Its cloud based product will redefine the portfolio analytics market, reckons the broker's analyst Adam Lawson, who keeps his "buy' stance on the shares.

In the note "Good things come to those who wait", he notes the trading update in late January this year indicated full year 2013 numbers would be in line with expectations.

All key performance indicators suggested the startegy to transition to the cloud is firmly on track, he highlights. StatPro Revolution's annualised recurring revenue was up 114% to £3.2million, ahead of market expectations of £ mln, while StatPro related recurring revenue leapt 136% to £9.2mln from £3.9mln.

StatPro Revolution client numbers grew 65% to 257 by Dec 31 last year.

"While much work has been done to drive uptake of the cloud offering, 2014 is an important year for the business.." said Lawson.

The broker will be looking for evidence of a strong sales pipeline supporting accelerated investment in sales and client services teams, a clear product roadmap, together with confirmation that the release of StatPro R+ (the replacement for StatPro Seven) remains on track for the end of the year.

Panmure will also seek reassurance that investment in the fund administrator partner network is delivering in terms of sales activity, it added.

StatPro shares are unchanged at 86 pence each

Listen: Statpro Group (SOG) - Interim results for the six months ended 30 June 2014

Click here

Listen: Statpro Group - Final results 2014

Click here