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.

First bit of news

RNS Number:1636S
ServicePower Technologies PLC
18 November 2003



ServicePower Technologies PLC

("ServicePower" or the "Company")


contract update


ServicePower announces extension to contract

Contractor scheduling solution

ServicePower, the recognised market leader in artificial intelligence based,
field service scheduling applications, today announced an extension to the
existing contractor-scheduling contract with Installs, Inc. In the Chairman's
Statement in March, ServicePower announced Installs had gone live with the
implementation of a new product to schedule the work of contractors, rather than
employed technicians. The number of contractors on the system has risen quickly
over recent months to more than 600. Following this successful implementation
the directors are pleased to report Installs is now able to offer a
substantially improved service to its clients. It has recently won an exclusive
contract with Cablevision to install satellite systems across the US for the new
"Voom" high definition television (HDTV) service launched in October. It is
anticipated this will result in at least 300 additional contract installers
being scheduled by SERVICEPower.

Also in March, ServicePower announced the commencement of work with one of the
largest electrical retailers in the US to develop and implement a contractor
scheduling system. The company, which can now be identified as Radioshack has
recently sold its service business, Amerilink, to Installs and the work of
installing home satellite receiver systems will now be scheduled through the
existing Installs infrastructure. This will accelerate the scheduling by
SERVICEPower of a further 150 contract staff. The Amerilink project also
involved the deployment of ServiceMobility, Servicepower's state of the art
mobile application which allows technicians to send status and job completion
details back to ServicePower and the billing systems. Installs will be extending
the rollout to all parts of their business.

Whilst initially the concept uptake was slow, it is now very clear that in the
US service delivery companies are moving to use more contract staff and less
employed staff in an effort to minimise their cost base and better map resources
to the shifting patterns of their work. The directors are confident this market
development is set to continue.




Note: ServicePower refers to the company and SERVICEPower refers to the product.

Contacts:

Barry Welck, Chairman Tel: 01923 850863
David Brisco, Chief Executive Officer Tel: 0161 476 2277

Tom Price, Evolution Beeson Gregory Limited Tel: 020 7488 4300





This information is provided by RNS

The company news service from the London Stock Exchange

END

Installs Inc. has some really big customers in the retail field across 48 states. Lots of big name department stores and specialist chains. They include RadioShack (formerly Tandy) with 7200 branches in the US and connections worldwide.

Edit: Ah, I see the above posting includes most of what I was about to add. Thanks Linzi.

Thank goodness. Knew my informant would come good in the end. Close call though.

cheers GF.

To be represented in every neighbourhood in every US state (which is Radioshack's claim) gives SVR an almighty wide toehold. I hope a few journalists wake up to the significance of this.

Click on radioshackcorporation.com

And just look at whom Installs.Inc count among their clients:
Installs Inc - Clients

The possibilty of SVR being snapped up by some US company does not sound an unrealistic thought. (I seem to recall that the Consumer Products division of General Electric had a significant warrants holding. Is that still the case?)

Installs is a class contract to have. This company seems to be gaining a lot of status in the US as well as the UK. Their contacts with GEC can only be great news. Looks like your contact uncovered a good one Goldfinger. Here's hoping for more contracts in the coming months! I read somewhere they now rent their products as well as sell them. Should be a nice extra earner.

Goldfinger, is this the news that you were talking about? I thought you were talking about a takeover.

In any event the rise of 3p yesterday was on the back of a 9p loss over the last few weeks. Hope there is still more movement upwards on this one.

Rich

I believe the management spend a lot of time overseas and I for one would anticipate more contracts in the coming months. Remember that the shares were 5p so a bit of profit taking in the 30s was hardly a surprise! Now they have resumed the upward trend i am confident of the future.has an impressive list of blue chip clients that should underpin the shares. Takeovers take time, my own hope is that will happen maybe next year as they have a niche product a lot of software companies would die for!

ThankS Very much foR the update mate!

Rich, I think harwick knows more about this one than me. I think theres more to come.

cheers GF.

I see this is a BUY in todays Red Hot Penny Shares...be interesting to see what happens on Monday morning

Mmmmm, I shall be watching indeed, got quite a few of these! Best of luck those holding.

Tipped in red hot penny shares.

gf

So Red Hot Penny Shares joins in. Must have been picking its tips up from the Times which published contract rumours over a week ago.

Hawick, if its going to be takeover, by whom do you reckon, or is it just wishful thinking.

Major Major Major

looking a bit stronger today with the bid staying firm. I'm hoping for more solid contract news before xmas to keep this moving in the right direction rather than rumours of possible takeovers.

quite low volume, but this is motoring along and has looked pretty strong for last few days.
Is something in the offing or is it just a delayed reaction to the red hot tip?

Probably a mixture of things RP. Glad I stayed cool and stayed in. Must admit at one time my finger was hovering over the sell button.

cheers GF.

RP,

Low vol - I dont understand. SVR has less than 60m shars in issue. So Friday had over 1% of them being traded. Take out those held by directors and institutions the figre is probably 2.5%.

Have a look back several months& I expect you will see the trades being less than 100k per day.

Its this volume that is giving it the volatility (however its spelt!)

May next week be as interesting as last

lol all

Major Major Major

Nice and steady again today

Catch22 you're quite right, ended up 3x the 50 and 200 day average on Friday.

I must have had a late night.