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Ive also just found forecasts for 2010 and 2011. Dec 2010- 19.5million Dec 2011- 23.07million Revenue nearly twice and twice the market cap something has to give.
Im in at under 6.5p average and theres been times when i cudda sold but never did i just topped up on the dips, ok the company is illiquid but there is a reason for that, 165million shares it not a miniscule amount its just that the directors and institutions hold so many and i wonder why?!
Off radar yes and not a busy stock, Dont forget SFT is a growth company lets look at the revenue from dec 05. Dec 05- 6.6million Dec 06- 9.2million Dec 07- 10.62million Dec 08- 12.08million Dec 09- 14.51million A company can only grow for so long without being noticed or revalued so lets be in it when it does :)
Come on own up who bought the 100,000??
sorry, just got back-wasnt me again lol, so many stocks to pick, her 2.5mill was a duff buy that put the sp back down somewhat-wicked news.my thoughts before i go large on sft is the general trades, off radar etc, not a busy stock? if people dont buy or sft just trickles, she wont move to where she should be for a bit unless revalued completely and even then the mms etc dont always push the stock hard if they cant get buyers? Your thoughts?
Couple of early buys to start us off this morning any you mate?
Yeah mate saw it this morning looks like i got in at just thr right time :)
rns over on her-she found new vein attached to patricia-bigger find than envisaged, moving quick sp up
Dont forget guys SFT have got the full market cap in cash, so basically value a Highly profit making, cash genarative and dividend paying company at zero pounds hahahahahh
Check there website mate plenty of stuff but make sure you take a peak at there customers and partners very impressive.
Corbine- I take it youve seen aprils prelim presentation? http://www.sinosoft-technology.com/upload/uploadFile/issue/upload_19458.pdf
Yeah a few pounds :) , and it was hard buying that many had to do it in tranches over a few months i like the divi aswell. Of the 165million shares only a small amount are around for us PIs to buy so it makes it illiquid although this could be classed as a good thing due to directors and institutions not wanted to sell and even buying more.
hi dude.u have a few squid here eh? prelim nosey like what i see. dont like the lack of trades, although typical of small yum yums. will do more research over weekend before i go apey banana. as your digi always pulsing, any refresh links/web etc i should look out for? or trawl hundreds of pages etc-in a nutshell? :-)
Howdy, decent first buy mate I hold around 135,000 of these and will ad a few more when i have some more spare cash. Today's rns enables us to bid for projects at municipal government level which bodes well for future growth.
yo ho ho, will pick up 2.5k for a start -looks ok from a quick study
Positives- Loads of cash, Growth company, Dividend paying, No debt, Looking for acquisitions and pursue other strategic developments were they will add value for shareholders. Negatives- Someone give me one.
Of only £11.8 million pounds. Gross profit of £6.4 million pounds based on todays exchange rate. Cash and cash equivalents of around £10 million pounds which is over 90% of current market cap. Total assest including cash of just over £27million which is double of the market cap.
l Turnover up 20% to US$14.5m (2008: US$12.1m) l Gross profit up 12% to US$9.6m (2008: US$8.6m) l Operating profit maintained at US$3.3m (2008: US$3.3m) l Profit before tax increased by 16% to US$4.4m (2008: US$3.8m) l Dividend to be maintained at FY2008 payout of 0.31 pence per share
Having been in here over a year now the company continues to grow and todays rns signalls further growth in the coming months.
RNS Number : 9863N Sinosoft Technology plc 22 June 2010  SINOSOFT TECHNOLOGY PLC ("SINOSOFT" OR "THE COMPANY") PARTNERSHIP AGREEMENT Sinosoft, the China-based developer and provider of software and IT solutions to Chinese regional and national government agencies and exporting enterprises, announces the signing of a master strategic partnership agreement with NorthgateArinso UK Limited ("NorthgateArinso"), a global human resources software and services provider. The agreement will involve Sinosoft collaborating with NorthgateArinsoand Green Oak Solutions Ltd. ("Green Oak"), a partner of NorthgateArinso, to develop carbon management and monitoring products that will be marketed to government and private customers in China. NorthgateArinso's proprietary software tool, PROIV, will provide a base to build, refine and develop customer service applications. Sinosoft will install hardware and provide the development work to maximise the potential of the PROIV software and Green Oak's Carboncheck software to produce a complete carbon management solution. In addition, Sinosoft will work with certification companies to verify the data produced from our carbon management solution and thereby potentially enable customers to trade their carbon credits on global exchanges. Following this partnership agreement, Sinosoft is expected to start bidding for projects at the municipal government level. The collaboration with NorthgateArinsoand Green Oak places the Company in a stronger position to bring in expertise and win contracts. The carbon emission monitoring market is an area of great potential following support from China's Premier, Wen Jiabao during the 2009 EU-China Summit to address climate change issues. This was reflected in the formation of the National Energy Commission ("NEC") on 27 January 2010 which provides clear guidelines and dates for low carbon and environmental improvement projects. It is possible that following formation of the NEC, formal legislation will soon be passed to impose carbon reduction targets in the private sector. Consequently, carbon emission monitoring mechanism will become essential for regulators and local governments. Ms Xin, Chief Executive of Sinosoft, commented: "This is an area of significant potential given the keen interest and support shown by the Chinese government to reduce the country's carbon emissions. Being a first mover into this area bodes well for the collaboration and has provided us with the opportunity to start talking to various local governments who are looking to reduce their level of carbon emissions. "NorthgateArinso was initially introduced to Sinosoft by The China-Britain Business Council and The China Jiangsu Economic and Trade Affairs Office in July 2009 and we have been working on developing this collabo
LONDON (Dow Jones)--Sinosoft Technology PLC (SFT.LN) said Tuesday the trading environment has continued to show steady improvement. MAIN FACTS: -The Board is confident of Sinosoft's prospects and trading remains in line with Directors' expectations, with a heavy weighting to the second half, as in previous years. -The Board continues to evaluate and seek growth opportunities and intends to make selective acquisitions and pursue other strategic developments where they will add value for shareholders. -Shares at 1017 GMT unchanged at 8.0 pence. -By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; iain.packham@dowjones.com (END) Dow Jones Newswires May 25, 2010 06:18 ET (10:18 GMT)
Looking at the last 30 days trades on Sinosoft it would appear that our steady buyer has been at work again. Steadily building up in daily trades of initially 50,000 shares at around 7.5p and as recently as today 25,000 at 8.5p. It is difficult to say how many this particular buyer has picked up so far in total but I would estimate them to have bought around half a million in recent times which is not an insignificant amount.
The value (market capitalisation) of Sinosoft is almost entirely made up by their hoard of cash, with this being in US dollars and with the pound expected to be as low as $1.20 in the not too distant future this should prompt a modest (1p or 2p) rise in share price for Sinosoft??? It will be interesting to see the next set of results from Sinosoft and how the company handles the recovery in the Chinese economy. There should be plenty of further government contracts around soon aswell as the many private enterprises that are currently booming, while we have unemployment in the west they are reporting a labour shortage in China. At some point the Sinosoft share price will start to reflect the value of the company itself and not just its cash reserves.
Looks like the share price is on the move again. The question is will it retain these gains or drop back a few pence as has happened before. On 10th Sep 2009 it reached a peak of 10.38p and then fell back to 7p on the 2nd and 5th Oct 2009 On 22nd Oct 2009 it reached a peak of 10.95p and then fell back to 7.55p on the 6th and 8th of Jan 2009. On 11th Jan 2010 it reached a peak of 9.35p and then fell back to 6.5p on the 5th and 8th Feb 2010. Now we are at 9.25p is this the peak or will it continue to rise further and when will the fall back happen and how low will it go?
Date of article: 2010-02-15 14:41:23 Economic restructuring to boost China's economy, make it a "real tiger" in 2010 "The key for the transformation is to achieve it "at an accelerated speed" and with practical results, he added." "China's economy expanded 8.7 percent in 2009, staging a speedy recovery after being hit by the worst global financial crisis in eight decades" ""Growth will not be a problem this year as the economy has bounced back from a the big slowdown," said Wang Xiaoguang." http://news.xinhuanet.com/english2010/indepth/2010-02/15/c_13176014.htm