The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Following the success of the Skills2Achieve launch on 4th February 2015, Sportsdata is now an early revenues company with a marketing and sales strategy in place. Additionally, the platform is now being introduced to potential clients in the sporting and education sector. On the back of this success and the interesting potential ahead, Guscio plc opted to take a 30% stake in Sportsdata. This was announced on the London Stock Exchange on 25th February 2015.
Patience is the key, good to see the intraday turn around yesterday and a nice little 50k raid for someone.....GL S
Yep will come good Ian for sure, a safe bet IMO.Genuine model.
well you can buy just above what hargreaves hale and nigel wray paid again. These big hitters are here for good reason.
agogna - some how missed your post on ukis chat with the bod - sounds pretty sure they are trying to buy out sports data and corroborates what i was told a couple of weeks ago. hoping to see developments soon to spice this up again.
IB, I would not be surprised to see the sports club roll outs being the next phase, most rugby and football clubs are running academies and youth development programmes, in fact most top level sports associations are doing so on a worldwide basis!, having looked at the platform in recent weeks IMHO it is a very scalable platform, do the recent board appointments point to the next phase of roll outs are about to start?......GL S
many thanks for the comprehensive update. the bit that jumped out at me was the new ventures they are looking to invest in and the pointing to the new neds as not being a coincidence.
Our Nigel Wray has taken 3% of ltg .
I should add to that mcap, I have not considered any asset values ie. for the product itself nor any cash/recent raisings they did. All upside again. The more and more I think about this opportunity it really is big - I would love for them to devise some kind of app/tool for the masses - that would be amazing. Who knows, but I did get a strong sense they are looking to do soemthing in the Professional Sports space and hence the wo new Directors announced last week - if an dwhen that becomes clear - this should motor off imo. Lets hope it does happen. ...
Yep, a good read many thanks for the insight. Quietly confident here.
Great posts Jam4u. Thank you.
Indeed, just underlines what a few others have detailed, good stuff J4u and many thanks for taking time out to post.......GL S
thanks for that.
Part 1 of 2: GUSC I met with Tony Humphreys the NED. Basically, They are concentrating on developing and maximising their investment in Soortsdata Ltd and providing all the support needed to make sure that this investment is successful. The first product that Sportsdata have available is 'Skills2Achieve' which was launched a few months back (Feb 2014). The main thing here is the connection that Sportsdata have through the Youth Sports Trust, This is opening doors for them all over the place starting with Primary Schools - Therefore, the first target market is primary schools - up to 22,000 of them! They are already having some decent success. In Fab 2014, (in GUSC's RNS), they announce that 40 schools had already signed up and were fully paid. They also stated that a further 160 had signed agreements to buy, so one assumes that the majority if not all completed on this commitment. That's 200 schools already or just under 1%. And remember that was back in Feb 2014. In the RNS released back in Feb 2014, GUSC say that this was their target and yet in that same RNS the board of GUSC believed that this would be achieved by the start of the Summer term (ie. by now). Clearly since then 2 months have passed and one assumes that word of mouth has got out, with the Youth Sports Trust promoting it too, that more schools would have signed up. Now, why would schools sign up? The following is taken from their sales brochure on the product but not directly quoted .... It means that the schools should they subscribe to Skills2Achieve (the main Sports data product at the mo), then its in their interest as it supports OFSTED judgements around 'Health and Well Being, Behaviour and personal, social and cultural moral development'. Their are other USP's too including the product is set against the National Curriculum for PE as well as it provides a clear framework for PE assessment without levels and allows tracking and recording of sporting achievements for each and every pupil.
Apols for my delay in posting this, but wanted to make sure I had all my positions as I'd want them etc. and I wanted to do some follow-up reserach to validate the things I had learnt from discussions. I will do this two bits as not enough space ... Part 2 of 2: Now here is the best bit. I asked about pricing and that was very simple and transparent .. it basically works in bands. The more pupils there are in a school then the higher the price. The fee was licence based and paid annually. The specific bands are: 000-100 pupils £550 101-300 pupils £650 301-499 pupils £695 500+ pupils £750 Now we know already that 200 are committed (as at Feb). That equals revenues already of £100k. One assume more schools will be signed up. So, I did some scenarios, and this is what came u... Now, look at the table below - even if they get 10% at the lowest cost (£550 per year) then they will be sat on revenues of at least £1m a year minimum. When I tipped this company last week it's mcap was £1.2m. Now admittedly lets remind oursleves that GUSC own 30% of Soortsdata Ltd at the moment, so revenue for GUSC would be around £350k for a conservative number of schools and at the lowest rate being calculated. In other words there is good upside to this number. No. of Primary Schools: 20000 No. of Schools £550 1% 200 £110,000 2% 400 £220,000 3% 600 £330,000 4% 800 £440,000 5% 1,000 £550,000 6% 1,200 £660,000 7% 1,400 £770,000 8% 1,600 £880,000 9% 1,800 £990,000 10% 2,000 £1,100,000 Now one assumes that private schools will also be targeted and is in addition to the above. Then add to that, I note from the Youth Sporst Trust Website that they also work with Middle and Secondary schools too, and one assumes there will be a product at that level too. Remember this istheir 'first' prooduct. Tony (the NED) also indicated that they are looking at other markets and pointed me to the new NED's that were appointed and suggested to me that that was not a coincidence. the inference being they already know what they want to target next and watch this space for that. Now, looking at the Mcap and the very simple and transparent revenue model, and then looking at the management, and then looking at the scope, product potential and the contacts this is I believe destined for great things, and at these sp level I am topping up where ever possible since by end of year I fully expect this to be worth at least double but likely more.0 Remember they will be releasing other products and targetting other markets too ....
Noticed that
Interesting to note, despite the offer dipping slightly the order book is stronger on the bid on L2.....GL S
Thanks, Ganney right? Pay day coming up end of the month, going to keep watching for any potential drops as I may add, probably not above 9p if I do as have a decent holding here.
yes and the new NED from sportsdta
One thing for sure any positive news and this could go anywhere, will be a mad scramble to get in, relaxed here waiting for the next development.
Which directors were there Wrightman? Yeoman and Thompson? Ta.
Had short meeting with company I came away very reassured, the model is sound and Sports partners Youth Sport Trust should begin to deliver schools soon - 200 of some 20000 they already work with soon. A couple of thousand of these by say the end of this term and this results in very significant amounts of cash. An extremely interesting and scalable model.
Thanks very much...sounds promising :)
Met with CEO and Yeomans as well as the new NED at the show. We chatted for a while about sports data and the direction of the business, they were very concentrated on sports data and were confident of where it was going. There was no plans to diversify and they were concentrated on sports date. This is my own opinion. I asked about a RTO of sports data - Richard yeoman's then pulled the CEO over and said talk of an RTO on sports data. The both laughed, i obviously hit a nerve here. They then eased up a bit and said that the remanding shareholders were a private equity firm who they were negotiating with. I said is that why the NED was bought on board, they laughed again. In my view and this si not a ramp but the impression I have - that these negotiations are ongoing/current and we may here news soon. Spoke about liquidity- Richard Yeomans said that he thought there was 20% free float and that he knew investors who held quite a lot of stock and he would be surprised if there was more than 12-15% currently being tradable. Overall extremely pleased and they seem a jolly affable confident bunch who seem absolutely clear where this is ongoing. Hope this helps.