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to all holders in SQS on here.
Absolutely, over 50% above the current price. Great result.
offer of 825p to buy the company,kerching!
This fast growing and profitable outfit has been sold down from well over 600p for no apparent reason. They operate in a great niche of corporate IT security and are expanding from their dominant position in Germany into USA at some pace.
today
Check this summary of results from TechMarketView- http://www.techmarketview.com/ukhotviews/archive/2015/03/04/sqs-tests-positive-on-fy14
Sorry about posting about President Energy here. Was spreading video interview love with eyes wide shut
http://tinyurl.com/k35rvyv Peter Levine, chairman of President Energy (LON:PPC), says the company will be dedicating most of its time in the first half of 2015 to the Hernandarias concession in Paraguay following news of a placing to raise £9.1mln. Levine, who also took part in the fundraise, explains what the cash will be used for and discusses the claims by Canadian partner Petro-Victory Energy that it has been granted injunctions relating to its other block in Paraguay, Pirity. President today said the funds are earmarked for a seismic exploration programme across Hernandarias, where the company intends to high-grade potential drilling targets ahead of a farm-out process, as well as for work in Argentina and for working capital.
http://tinyurl.com/k3coqo9 Diederik Vos (chief executive) and René Gawron (chief financial officer) of SQS Software Quality Systems (LON:SQS) run investors through the highlights of the group’s full-year results for 2014.
MatthewC- I'm with HL. HL is paid the dividend in euros and then converts this into £. So check with your broker. Should have nothing to do with the LSE. But I can guarantee you that the conversion rate will not be great, nothing you can do about that. Hope this helps.
Check this note from Hybridan- http://www.hybridan.com/HybridanSCW/?small-cap-wraps/2015/02/03/3rd-february-2015 Company has been increasing its footprint steadily-Thinksoft now bedded in; U.S. going well: mentioned to me last year that expected to push more in the UK; and now Italy. Good solid performance-share price a bit illiquid so tough to gauge from that.
The financial of this stock look good. Does anybody know what LSE does with the dividends that are paid in euros? Thanks
£175m mcap - the world's largest specialist supplier of software quality services - turnover of circa €268m - earnings ahead of forecast due to lower average tax rate of 22.5% - net cash position of €7m at 31 December 2014. Interesting that this was a reversal from net debt to net cash, a swing of €9.9m and despite investments of €2.5m on development works in Pune, India, and the purchase of an additional €1.8m worth of SQS India BFSI (formerly Thinksoft) shares in December 2014. Without those one off spends, the company would have generated net cash of €14.2m. - Managed Services growth now makes up 45% of total revenues - A new client win with a European government agency worth at least €5m per annum in the period - Revenues more than doubled in the US - New US clients include a tier one bank, a payment processing company, an asset management institution and various other manufacturing and technology companies
2 brokers raising targets today after SQS moves into a net cash position and impressive growth in revenues
I know for sure that some of those sells are buys!
Decent set of results in September, recent director buy of around £32K. Miton has sold down a bit which maybe explains the s/p has not gone anywhere recently, but they still have around 9%.
Hello to all watching the sp- Emailed Rene Gawron, CFO of SQS-company dividend policy is to distribute 30% of adj. profit after tax- Euro 0.09 dividend will be paid 30 May. Employees hold about 1.5% of shares and about 9% of shares have been allocated to option programs(but not issued yet). Thinksoft acquistion has been completed, they're very excited about the expanded opportunities, but will take at least 9 months(so 2015) until the sales cycle shows any material business. Not sure why the weakness today-volume a bit heavier than usual-maybe just a weak market.
SQS Software Quality: Panmure Gordon lowers target price from 259p to 243p and retains a hold rating.
Sqs Software Quality Systems set a new 52-week high during today's trading session when it reached 282.00. Over this period, the share price is up 81.43%.
LARGEST ever contract win. Nice.101m euro contracts last year. Even nicer...
Diederik Vos, the Chief Executive Officer of SQS, commented,"My first few months as CEO of SQS have proved highly rewarding. We have made significant progress on all fronts of the strategic plan outlined at the interim results and we have signed a number of strategically important contracts that further validate the initiatives towards more Managed Services and Specialty Consultancy services that we have put in place."
Contract wins and business update SQS Software Quality Systems AG (AIM: SQS.L), the world's leading specialist in software quality services, announces several contract wins and a business update. The previously announced preferred partnership with Siemens, for the provision of testing services to its manufacturing, predominantly automotive clients, has led to further contract wins. These include three in Europe, one in Japan (which represents a new territory in which SQS is now delivering services) and two in the US. The US is a region of particular strategic focus for SQS given that it is the world's largest software testing services market where there are significant opportunities in high margin software product testing as well as in the automotive sector. These new contract wins are evidence that the Company's stated strategy of expansion into new territories and increased focus on the manufacturing market, where the Company has deep domain knowledge and technical expertise, is already gaining traction. Outside of the manufacturing sector, SQS has also won a significant multi-year contract with a major transport infrastructure provider in Switzerland, and a global insurance provider, a multinational consumer goods company and a tier-one bank in the UK. In total these new contracts represent business worth approx. €10 million over two years. The Company has also won a considerable number of contract extensions and contract expansion orders since 30 June 2012 within the Managed Services business. On an annualised basis, Managed Services now accounts for approximately 35% of total revenue, up from 33% as reported at the 30 June 2012, and in-line with the stated target of 40% by 2014. The Company also continues to generate significant cashflow which is reducing net debt in line with management expectations. The net debt position is now significantly lower than at this time last year and lower than at 30 June 2012.
SQS Software Quality Systems (SQS) announced several new contract wins on the back of its partnership deal with Siemens, worth a total of 10 million euros over the next two years. The contract wins include three deals in Europe, one in Japan and two in the US as part of the firm's strategy to expand into new territories. The company also reported that it has been able to lower its net debt position through its recent cash generation and is in a position to reduce debt to a level in line with management expectations. The shares gained 8p to 225.5p.
SQS Software Quality: Panmure Gordon keeps hold rating and 234p target.