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.

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.

Funnily enough, I bought a load of these and immediately lost a bundle, been sitting on them for weeks and just thinking, "if only I could get my money back". Now I'm in profit and I'm thinking "bugger getting my money back, these could just go ballistic on some more actual news". Anyone else?

Linzi, I am in this one for 6-12 months morre. Bit of resistance round here no surprise but plenty more contract news hoped for - management not long back from the US - and one broker predicting 4.2p eps next year. If we go back to 35p, I am in for more.

The defered contract news isnt as bad as it seems but for the time being Im out of these with a view to getting in back in the new year.

A small profit taken.

cheers GF.