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.

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.

im out of these too.

nice profit made too risky to stay in.

LONDON (AFX) - ServicePower Technologies PLC warned that its full-year
revenue will come in lower than market expectations despite announcing today a
contract win which could be the largest in the company's history.
It also said several other Fortune 500 companies which were to place
significant contracts with the company in the fourth quarter have deferred their
capital expenditure proejcts into next year.
The software company said it has submitted tenders for an unprecedented
number of contracts, but "the larger US companies are insisting on a proof of
concept and live pilot running prior to the purchase of a software license".
"...despite the record contract signings, the revenue for the full year will
be less than current market forecasts because much of the revenue associated
with these contracts will fall into 2004," the group said.
To avoid the business risk, the group said it is keen to implement a
"Fulcrum" business model based upon long-term contracts delivering regular
monthly revenue and cash from a transaction-based pricing model.
On a more positve note, the group said the contracts it won with a Fortune
100 company and a US company are proceeding well, and it expects to sign full
contracts next year.
ServicePower also announced it has signed a Memorandum of Understanding with
General Electric Consumer Products (GECP) to take over the management of
processing warranty claims and dispatching the work to their independent
servicers across the US.
The deal will generate revenue in excess of 10 mln stg over a five-year
period and a definite contract would be the largest contract award in its
history. The two companies hope to complete the deal by the end of this year.
In order to expand its relationship with GECP, the group is in advanced
talks to buy a US company that has a long established position in the market for
electronic claims processing and jobs dispatch.
ServicePower has been providing its routing software for GECP's field
service technicians. Under the deal, it would manage a significant part of GECP
major appliance, consumer electronics and personal computer warranty claims.
Chris Smith, general manager of GECP Warranty Management, will join
ServicePower as CEO of this new business.
newsdesk@afxnews.com
shw


cheers Gf.

Looks like a lot depends on the GEC tie-up. Another contract as anticipated with a Fortune 100 company in the US hidden away in there. Lower revenues spooked the market, but a $10 million contract over 5 years would be better than I had dared hope for. The market hates uncertainty, but IF the contract is signed these will not merely fly but rocket! I am staying in.