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  • 21 Sep 16
Forecast upgrade

Following the release of its interim results, we upgrade our 2017 forecasts for ServicePower and reiterate our 6p target price.

Companies: Servicepower Technologies
  • 21 Sep 16
Forecast upgrade

Following the release of its interim results, we upgrade our 2017 forecasts for ServicePower and reiterate our 6p target price.

Companies: Servicepower Technologies
  • 21 Sep 16
Morning Note

Transense Technologies* (TRT): FY results in line (CORP) | Elecosoft* (ELCO): Building an international business (CORP) | ServicePower Technologies* (SVR): Forecast upgrade (CORP) | eg solutions* (EGS): Weak H1 but strong H2 due on big contract wins (CORP)

Companies: ELCO SVR EGS TRT

  • 21 Sep 16
Morning Note

Transense Technologies* (TRT): FY results in line (CORP) | Elecosoft* (ELCO): Building an international business (CORP) | ServicePower Technologies* (SVR): Forecast upgrade (CORP) | eg solutions* (EGS): Weak H1 but strong H2 due on big contract wins (CORP)

Companies: ELCO SVR EGS TRT

  • 04 Aug 16
AIM Breakfast

ANGLE PLC | GLOBAL INVACOM GROUP LTD | MATCHTECH GROUP PLC | METMINCO LTD | MYTRAH ENERGY LTD | PORTMEIRION GROUP PLC | RENEURON GROUP PLC | SERVICEPOWER TECHNOLOGIES

Companies: MNC GINV GATC SVR MYT PMP AGL RENE

  • 04 Aug 16
AIM Breakfast

ANGLE PLC | GLOBAL INVACOM GROUP LTD | MATCHTECH GROUP PLC | METMINCO LTD | MYTRAH ENERGY LTD | PORTMEIRION GROUP PLC | RENEURON GROUP PLC | SERVICEPOWER TECHNOLOGIES

Companies: MNC GINV GATC SVR MYT PMP AGL RENE

  • 04 Aug 16
AIM Breakfast

Magnolia Petroleum (MAGP.L) | Metal Tiger (MTR.L) | Metminco ( MNC.L) | ReNeuron Group (RENE.L) | Global Invacom Group (GINV.L) | Matchtech Group (MTEC.L) | ServicePower Tech (SVR.L) | Mytrah Energy (MYT) | Portmeirion Group (PMP.L) | ANGLE (AGL.L)

Companies: MAG MNC GINV GATC SVR MYT PMP AGL RENE

  • 04 Aug 16
AIM Breakfast

Magnolia Petroleum (MAGP.L) | Metal Tiger (MTR.L) | Metminco ( MNC.L) | ReNeuron Group (RENE.L) | Global Invacom Group (GINV.L) | Matchtech Group (MTEC.L) | ServicePower Tech (SVR.L) | Mytrah Energy (MYT) | Portmeirion Group (PMP.L) | ANGLE (AGL.L)

Companies: MAG MNC GINV GATC SVR MYT PMP AGL RENE

  • 04 Aug 16
Morning Note

Zambeef* (ZAM): Transformational deal with CDC (CORP) | Aggregated Micro Power* (AMPH): Fundraising and acquisitions (CORP) | Lok’nStore* (LOK): Low-cost, high-quality growth (CORP) | Communisis (CMS): Margins rising, debt falling, confidence in the full year (BUY) | ServicePower* (SVR): Positive trading update (CORP)

Companies: ZAM AMPH LOK CMS SVR

  • 04 Aug 16
Morning Note

Zambeef* (ZAM): Transformational deal with CDC (CORP) | Aggregated Micro Power* (AMPH): Fundraising and acquisitions (CORP) | Lok’nStore* (LOK): Low-cost, high-quality growth (CORP) | Communisis (CMS): Margins rising, debt falling, confidence in the full year (BUY) | ServicePower* (SVR): Positive trading update (CORP)

Companies: ZAM AMPH LOK CMS SVR

  • 06 Apr 16
Final results

The group retains a high visibility to revenue (79% recurring), and as the recently launched products gain traction under the revised strategic focus – combined with planned cost-reduction initiatives – we expect improvements in financial performance.

Companies: Servicepower Technologies
  • 06 Apr 16
Final results

The group retains a high visibility to revenue (79% recurring), and as the recently launched products gain traction under the revised strategic focus – combined with planned cost-reduction initiatives – we expect improvements in financial performance.

Companies: Servicepower Technologies
  • 06 Apr 16
Morning Note

Proactis*: Supplier Network momentum (CORP) | ServicePower Technologies*: Final results (CORP)

Companies: Proactis Servicepower Technologies

  • 06 Apr 16
Morning Note

Proactis*: Supplier Network momentum (CORP) | ServicePower Technologies*: Final results (CORP)

Companies: Proactis Servicepower Technologies

  • 14 Dec 15
Growth set to accelerate in 2016

Turnarounds are notoriously tricky even at the best of times. Inevitably once one problem is fixed, another crops up – which is what has happened this year at ServicePower. H1 revenues at £6.8m showed impressive growth of 12.8%, after a series of blue chip contract wins. Since then, like many small caps, the going has got progressively tougher – characterised by longer sales cycles as clients have become increasingly nervous due to slower global growth, emerging market instability, terrorism, lacklustre demand in China and falling commodity/oil prices.

Companies: Servicepower Technologies
  • 14 Dec 15
Growth set to accelerate in 2016

Turnarounds are notoriously tricky even at the best of times. Inevitably once one problem is fixed, another crops up – which is what has happened this year at ServicePower. H1 revenues at £6.8m showed impressive growth of 12.8%, after a series of blue chip contract wins. Since then, like many small caps, the going has got progressively tougher – characterised by longer sales cycles as clients have become increasingly nervous due to slower global growth, emerging market instability, terrorism, lacklustre demand in China and falling commodity/oil prices.

Companies: Servicepower Technologies
  • 05 Oct 15
Conviviality across the Universe, Pivotal moment for ProMetic, OptiBiotix going up scale

7DIG Half Yearly Reports, AVG Final Results, BMR Potential, COS Agreement, IKA Patent grant, MGR Half Yearly Report, MXO* Half Yearly Report and Update, OBT Half Yearly Report, OPTI* Completion of Study, ORM Half Yearly Report, PLI* Meeting with US FDA, SVR Interim Results, VLG Interim Results, UNG New Contract Win .

Companies: 7DIG AVG BMR COS IKA MXO WBI OPTI PLI SVR VLG UNG ORM PMI

  • 05 Oct 15
Conviviality across the Universe, Pivotal moment for ProMetic, OptiBiotix going up scale

7DIG Half Yearly Reports, AVG Final Results, BMR Potential, COS Agreement, IKA Patent grant, MGR Half Yearly Report, MXO* Half Yearly Report and Update, OBT Half Yearly Report, OPTI* Completion of Study, ORM Half Yearly Report, PLI* Meeting with US FDA, SVR Interim Results, VLG Interim Results, UNG New Contract Win .

Companies: 7DIG AVG BMR COS IKA MXO WBI OPTI PLI SVR VLG UNG ORM PMI

  • 30 Sep 15
ServicePower Technologies - Interim Results
servicepower-technologies-interim-results-30-09-2015
  • 30 Sep 15
ServicePower Technologies - Interim Results
servicepower-technologies-interim-results-30-09-2015
  • 30 Sep 15
Double digit top line growth

Microcap software is a stock-pickers paradise par excellence. Not only is the sector poorly covered by the City, but also the returns can reach nosebleed levels. Here the technology is often niche and difficult to copy – hence creating predictable revenues, healthy margins and positive cashflows. But the really exciting bit comes when growth is added; effectively turbo-charging profits as incremental sales largely drop down to the bottom line.

Companies: Servicepower Technologies
  • 30 Sep 15
Double digit top line growth

Microcap software is a stock-pickers paradise par excellence. Not only is the sector poorly covered by the City, but also the returns can reach nosebleed levels. Here the technology is often niche and difficult to copy – hence creating predictable revenues, healthy margins and positive cashflows. But the really exciting bit comes when growth is added; effectively turbo-charging profits as incremental sales largely drop down to the bottom line.

Companies: Servicepower Technologies
  • 30 Sep 15
Morning Note

Redcentric*: Interim trading update – on track (CORP) | iomart*: Interim trading update (CORP) | Corero Network Security*: Interims show progress (CORP) | Volex: Board changes and trading update (BUY) | Avingtrans^: Full-year results (BUY) | ZincOx Resources*: Interims show improved operational performance (CORP) | Proteome Sciences*: Interims in line (CORP) |Sphere Medical*: Model update (CORP) |ServicePower Technologies*: Interim results (CORP) |Litebulb*: Interim results (CORP) |Camco Clean Energy*: Roll-in of REDT minorities (CORP) |Zambeef*: Trading good but local FX collapse (CORP) |San Leon Energy*: Interim results and Moroccan well update (CORP) |Independent Oil & Gas*: Interim results (CORP)

Companies: RCN IOM CNS VLX PRM SPHR SVR RED ZAM IOG AVG SLE

  • 30 Sep 15
Morning Note

Redcentric*: Interim trading update – on track (CORP) | iomart*: Interim trading update (CORP) | Corero Network Security*: Interims show progress (CORP) | Volex: Board changes and trading update (BUY) | Avingtrans^: Full-year results (BUY) | ZincOx Resources*: Interims show improved operational performance (CORP) | Proteome Sciences*: Interims in line (CORP) |Sphere Medical*: Model update (CORP) |ServicePower Technologies*: Interim results (CORP) |Litebulb*: Interim results (CORP) |Camco Clean Energy*: Roll-in of REDT minorities (CORP) |Zambeef*: Trading good but local FX collapse (CORP) |San Leon Energy*: Interim results and Moroccan well update (CORP) |Independent Oil & Gas*: Interim results (CORP)

Companies: RCN IOM CNS VLX PRM SPHR SVR RED ZAM IOG AVG SLE

  • 30 Sep 15
Interim results

Following the results, our 2015 forecast and 10p share price target remain unchanged, implying potential upside of 105%.

Companies: Servicepower Technologies
  • 30 Sep 15
Interim results

Following the results, our 2015 forecast and 10p share price target remain unchanged, implying potential upside of 105%.

Companies: Servicepower Technologies
  • 14 Sep 15
ServicePower Technologies - Launch of new software & application for Quantum Annealing patents
servicepower-technologies-launch-of-new-software-application-for-quantum-annealing-patents-14-09-2015
  • 14 Sep 15
ServicePower Technologies - Launch of new software & application for Quantum Annealing patents
servicepower-technologies-launch-of-new-software-application-for-quantum-annealing-patents-14-09-2015
  • 09 Sep 15
Small Cap Wrap - Another deal in the Potash, Shifting up a Gear4music. A quantum leap for ServicePower

AFPO Memorandum of Understanding, AAU Quarterly Newsletter, ATQT Directorate Change, COS Participation, FITB* Board Changes and Appointment of CEO, G4M Trading Update, MARL* Exercise of Warrants, Termination and CPR, MDZ* Final Results, MXO* Nigerian Update, OPTI* Half Yearly Report, PEG* Directorate Change and Half yearly Report, PLI* Expansion of Phase II, SVR Award and Patents, STEL Licence Application, ZEG Intention to Move to Official List

Companies: AFPO AAU ATQT COS G4M MDZ MXO OPTI SVR ZEG STEL MARL BIDS

  • 09 Sep 15
Small Cap Wrap - Another deal in the Potash, Shifting up a Gear4music. A quantum leap for ServicePower

AFPO Memorandum of Understanding, AAU Quarterly Newsletter, ATQT Directorate Change, COS Participation, FITB* Board Changes and Appointment of CEO, G4M Trading Update, MARL* Exercise of Warrants, Termination and CPR, MDZ* Final Results, MXO* Nigerian Update, OPTI* Half Yearly Report, PEG* Directorate Change and Half yearly Report, PLI* Expansion of Phase II, SVR Award and Patents, STEL Licence Application, ZEG Intention to Move to Official List

Companies: AFPO AAU ATQT COS G4M MDZ MXO OPTI SVR ZEG STEL MARL BIDS

Research, Charts & Company Announcements

Research Tree provides access to ongoing research coverage, media content and regulatory news on Servicepower Technologies. We currently have 22 research reports from 3 professional analysts.

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Latest News/RNS

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Date Source Announcement
30Jan17 14:22 RNS Offer Update
17Jan17 14:51 RNS Resignation of Directors
11Jan17 07:00 RNS Updated Level Of Acceptances
10Jan17 07:00 RNS Offer Declared Unconditional In All Respects
30Dec16 11:39 GNW Rathbones : Form 8.3 - ServicePower Technologies PLC
19Dec16 11:30 RNS Posting of Offer Document
16Dec16 07:00 RNS Extension of Loan Facility
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  • 26 Feb 20
Arden Tech SoundBytes

FCA admits to data breach, Salesforce Co-CEO Keith Block resigns, Pony.Ai Raises $462m In Toyota-Led funding

Companies: CALL TRAK KAPE

  • 25 Feb 20
Interims – Mid-teens organic growth continues

H120 numbers show continued 15% organic revenue growth with a slight shift in the mix to direct sales from connectors and the continued themes of strong (33%) International growth, strong growth in new Functionality and rising (+14%) ARPU. At present just about 20% of group sales come from clients using more than one communications channel, giving dotDigital a considerable omni-channel cross-sell opportunity.

Companies: Dotdigital Group
  • 24 Feb 20
CloudCall

Material contract win with Vaco; Positive

Companies: Cloudcall Group
  • 25 Feb 20
Confidence, and investment in growth

Interims to December 2019 reveal performance in line with the January trading update: EBITDA of £9.3m was delivered from revenue of £23.1m, comfortably achieving 47% and 53% of FY expectations respectively (1H19: 47% and 41%). We review expectations towards consensus, reflecting confident additional investment in 2H20 and FY21. The three strategic pillars (geographic expansion, strategic partnerships, product innovation) demonstrate opportunities for growth, while £22.6m cash maintains potential through the options of investment, R&D and M&A. Strong KPIs abound: 90% recurring revenue; international revenue growth of 33%; 4% strategic partner revenue growth but 16% Magento-derived revenue growth; ARPU growth of 14%; EBITDA (post IFRS16) growth of 40% and margin of 40%; and operating cash generation of 72% of adjusted PBT. We adjust forecasts to accommodate additional investment, against unchanged revenue forecasts (15% growth), reducing adj EBIT 3% FY20 and 6% FY21 (adj dil EPS -4% and -5%), and reflecting board confidence in growth through new hires, while the omnichannel Engagement Cloud enjoyed levels of emails and messaging at +30% versus the immediate GDPR aftermath. 12-month target price of 140p (135p).

Companies: Dotdigital Group
  • 24 Feb 20
Quartix - Fleet progress builds a firm base for future growth

FY 2019 is in line with last month’s trading update; the ongoing withdrawal from low-margin Insurance telematics being offset by excellent growth in Fleet which is now >80% of group business. New Fleet installations jumped 39% to 43,837 and clients grew 24% to 16,394. Continued investment in the US and France saw total subscriptions jump an impressive 37% and 36% respectively, while UK growth has accelerated again to 16%. Significant enhancements to web and mobile applications have supported a recent rollout across Europe; in Poland, Spain, Italy and Germany. Insurance continues to decline in line with the strategy of avoiding highly competitive contracts. The high levels of recurring revenue make an excellent base for future Fleet growth in the new and existing territories with a strong start to the year in all markets. We lift our TP to 475p.

Companies: Quartix
  • 24 Feb 20
Allenby Capital TMT Update - 24.02.20 (STAR.L, GFIN.L, BBSN.L)

Starcom plc* (STAR.L, 1.3p/£4.5m) | Gfinity plc* (GFIN.L, 1.675p/£8.0m) | Brave Bison plc* (BBSN.L, 1.30p/£8.6m)

Companies: STAR GFIN BBSN

  • 27 Feb 20
Arden Tech SoundBytes

Microsoft warns on coronavirus, Google invests $10bn into datacentres, Box forecasts strong Q1 revenue

Companies: Cloudcall Group
  • 20 Feb 20
BBB to lead £6m project with government funding

Bigblu Broadband (BBB) has announced that its subsidiary Quickline will lead a £6m project to boost rural connectivity in North Yorkshire. The project is a continuation of Quickline’s previous work as part of the 5G Rural Integrated Testbed project, and is focused on bringing mobile connectivity to the 35% of the county without 4G mobile coverage and testing how superfast mobile connectivity can benefit the county. To fund the project, Quickline and its partners (2 universities and 4 businesses) have secured £4.5m of government funding, which is roughly double the size of the previous grant, and this will support Quickline’s investment in R&D and infrastructure to complete the project and improve its rural coverage. Quickline’s lead in this project consequently reinforces BBB’s reputation as an innovative provider in delivering superfast rural broadband, and demonstrates the strength of the relationship Quickline has developed with the UK government after several successful projects. Overall, we believe that BBB is excellently positioned to deliver strong and sustained growth as it benefits from transformative developments to its core technologies and greater government investment in rural broadband, and we look forward to initiating with FY results towards the end of March.

Companies: Bigblu Broadband
  • 27 Feb 20
Interims on track as ACV builds visibility and growth

As revealed at the January trading update, interims to December 2019 have delivered £2.1m EBITDA from revenue of £12.3m, representing 48% of full-year targets with period-end net cash/ debt of breakeven after payment of £1.6m MatsSoft deferred consideration. Given the evident opportunity, management is expected to minimise free cash flow subject to a £1.0-1.5m buffer, through reinvestment in R&D and sales and marketing, with £16.6m ACV (annualised contract values) having grown 10% (Low-code ACV +21%). ACV in turn drives growth in recognised revenue (+13% underlying, including 22% from Low-code) as well as visibility, giving increased certainty to forecasts. Case studies abound to show the application of Low-code to client benefit, in the case of Hampshire Trust Bank delivering a project four months early and at one third of the anticipated cost; with such compelling alternatives to laborious and IT projects, Netcall’s Liberty Create solution grabs customer attention. With the cash flow certainty of the Liberty Converse customer engagement platform, and the opportunity in Liberty Create delivering evidence of a trend to momentum in growth in FY20 (June year-end), we reiterate our 90p target price.

Companies: Netcall
  • 06 Dec 19
Bigblu Broadband - H219 trading in line, confident in FY20

Bigblu’s trading statement confirmed an H2 performance in line with expectations. Actions to cleanse the customer base should yield operational benefits over time and the above consensus year-end net debt figure (£14m vs £9m) primarily reflected a Brexit-driven inventory build that should reverse in the next few months. Bigblu remains confident in FY20 consensus (see below), which implies an acceleration in revenue growth.

Companies: Bigblu Broadband
  • 14 Jan 20
IQE - Leading innovation from within

The breadth of IQE’s technology portfolio and ability to serve compound semiconductor chip customers in the US and Asia puts it in a good position to benefit from rising demand for compound semiconductor applications for 5G and connected devices. The share price has been hit by the shift to Asian-centric supply chains caused by US-Chinese trade tensions, and resultant reductions to management guidance. Although the timing of a recovery is difficult to gauge, we see scope for earnings recovery as IQE secures additional contracts in Asia and leverages its IP portfolio into sustainable profit growth and cash generation.

Companies: IQE
  • 30 Jan 20
Cenkos: Seeing Machines Ltd -- H1/20 Trading Update

Seeing Machines has announced a trading update for the six months ended 31 December 2019 (H1/20) where it expects to report revenue of A$15.8m (A$13.5m for H1/19). It finished the period with 20,551 Guardian units installed, representing a forward Annualised Recurring Revenue (ARR) run rate of A$13.2m, and the Board%u2019s guidance for FY20 remains unchanged (revenues of A$45-50m and ARR at 30 June 2020 of A$18-20m).

Companies: Seeing Machines
  • 18 Feb 20
Crimson Tide*

Commercial momentum continues with Rail win

Companies: Crimson Tide
  • 21 Feb 20
Very good set of figures, further growth potential

Sopra Steria met expectations in 2019 in terms of organic revenue growth (+6.5%) and operating margin on business activity (+0.5pt to 8% of revenue). Free cash flow (€229m) largely exceeded guidance (>€150m), also when restated from the non-recurring items of €50m. The growth potential is positive in the medium term with organic revenue growth of +4-6% and an operating margin on business activity of 10% of revenue.

Companies: Sopra Steria Group
  • 23 Oct 19
Texas Instruments tanks semis; Lyft forecasts FY21 profit; TransferWise expands to Middle East

The recent run-up in semiconductor stocks hit a speed bump Tuesday afternoon that could turn into much more. Texas Instruments gave a forecast that was much worse than expected in a Tuesday earnings report, raising questions over whether the cycle is anywhere near the trough as was widely expected.

Companies: ENET TRAK BGO BOKU CAPX CML EQLS IQE SEE TCM TRCS QTX XPP FIN NETW