Updates

Statpro

April 2010

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

You couldnâ€™t fault Statproâ€™s 2009 results and the share price has responded with a new high. Overall sales were up 13% to Â£31.6m and benefited from currency movements. Pretax profit was up 48% to Â£6.9m and earnings per share by 29% to 9p. Net debt at the period end was Â£6.4m.The sales were driven by strong growth in software licences (up 18% to Â£24.4m) and data fees (up 22% to Â£5.0m). Professional services revenue, however, was weak with a 32% fall to Â£2.1m due to pricing pressure and fewer engagements. The changing mix resulted in operating margins improving to 24.7% (2008: 22.1%). As we said in our main write up in February, the unusual aspect to Statproâ€™s software sales are that they repeat every year â€ ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

West China Cement - Shares head over Â£6 after barnstorming results

Hargreaves Services - Considering merger with UK Coal

Statpro - 230p cash bid: gain in 12 months is 62% (October 2019)

Statpro (September 2019)

StatPro - Changes sales model to per-portfolio basis (September 2018)

Statpro - New technology having a pincer effect on profits (April 2013)

Statpro (April 2012)

Statpro (February 2011)

Statpro (September 2010)

Statpro (August 2010)

Statpro (June 2010)

Statpro - High element of sales from application rental/SAAS (February 2010)

Statpro - Software rental of Â£10m (July 2006)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X