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.

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.

So am I

Linzi, it seems I can't get this one right! Our weddding is well and truly off, since I bought in when the statement came out at 41p! :-(

Oh No - not again. You sold yours the other day and then bought the same ones back at a higher price????

SB I don't believe it. In the olden days, it was called being jilted at the alter, nowadays, well, words fail me. If it's really another woman, I'll understand SB.

deadline 31 Dec but could, I assume, be announced well before that.

If you ain't in, you can't win.

Headbanging again today. C'mon, break through!

no news. Any views?

new 12 month high. Is this the breakout above 40p.

Is this in anticipation of the RNS

Does someone know something.

Major Major

Contract announced, shares up 15% - where is everybody or am I the only one left.

MM

tiiped recently in RHPS with target of 80p can see that in the not to distant future also another similiar contract about to be announced

ttt

got out of thus and into SVR not good timing on my part but its all about timing and hopefully in med term will prove right but hurts at the moment

gg,

feeling better now?

mm

Shares Magazine
Brokers Tips:

*Buy - Bovis , ServicePower , Centrica .

*Sell - Bunzl , Brown & Jackson (LSE: BRJK.L - news) .

Gone back into this one today. looking forward to motre contract news that will surely move the price northwards.

cheers GF.

GF nice to see our paths crossing again what do you think about this one
not to imformed about it on the service looks good

What is the recent news for SVR? It drop a bit today in the market.