StatPro Group (SOG)

Sector:

IT Services

Index:

FTSE AIM All-Share

227.00p
   
  • Change Today:
      78.50p
  • 52 Week High: 228.00
  • 52 Week Low: 105.00
  • Currency: UK Pounds
  • Shares Issued: 65.84m
  • Volume: 312,846
  • Market Cap: £149.47m
  • RiskGrade: 594
  • Beta: 0.01

StatPro to focus on margins as it hunts for more acquisitions

By Josh White

Date: Thursday 23 May 2019

LONDON (ShareCast) - (Sharecast News) - StatPro Group told shareholders on Thursday that it had continued to make "good progress" towards its goal of becoming the world's leading cloud-based portfolio analytics provider over the last year, with its current trading remaining in line with expectations.
The AIM-traded firm, which was holding its annual general meeting, said going forward, its focus would be on a number of areas - improving its EBITDA margins across the business, ensuring the integration of Delta was a success, and continuing to look for strategic acquisitions.

Group chairman Rory Curran said that on the earnings front, the move to a divisional structure was designed to improve profitability and transparency.

The three divisions - 'Revolution', 'Source: StatPro' and 'Infovest', were said to be performing in line with the board's expectations.

He told investors that the Delta continuity project to integrate the Delta functionality into the Revolution platform was progressing to plan, explaining that as regulations evolved, StatPro was providing clients with extended services to mitigate their cost of meeting "onerous and multiple" requirements.

"We have recently announced two significant contract wins, one being a three-year contract, with an EU investment manager for Revolution Delta, with a minimum contract value of €1.2m, including the addition of a new module to cover the new EU Money Market Regulations," Curren said.

"We also secured a three-year contract extension with a top 20 fund administrator for Revolution, with a minimum contract value of £2.44m."

A key part of the company's strategy was to address the needs of the global fund administration industry to provide best in class cloud-based portfolio analytics technology to their asset management clients, Rory Curran added.

"We believe we have significant competitive advantage in this sector due to our technology and expertise."

He also confirmed the board was continuing to look for strategic acquisitions, noting that the company recently increased and extended its banking facilities to approximately £49.1m in order to provide additional capacity for financing future acquisitions, and to strengthen its long-term financial structure.

"With our investment in a massively scalable state-of-the-art cloud technology platform and our deepening relationships with asset management service providers, we are strategically well placed for future growth."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

StatPro Group Market Data

Currency UK Pounds
Share Price 227.00p
Change Today 78.50p
% Change 52.86 %
52 Week High 228.00
52 Week Low 105.00
Volume 312,846
Shares Issued 65.84m
Market Cap £149.47m
Beta 0.01
RiskGrade 594

StatPro Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.34% below the market average88.34% below the market average88.34% below the market average88.34% below the market average88.34% below the market average
90% below the sector average90% below the sector average90% below the sector average90% below the sector average90% below the sector average
Price Trend
96.00% above the market average96.00% above the market average96.00% above the market average96.00% above the market average96.00% above the market average
92.66% above the sector average92.66% above the sector average92.66% above the sector average92.66% above the sector average92.66% above the sector average
Income
78.28% below the market average78.28% below the market average78.28% below the market average78.28% below the market average78.28% below the market average
31.71% below the sector average31.71% below the sector average31.71% below the sector average31.71% below the sector average31.71% below the sector average
Growth
68.72% above the market average68.72% above the market average68.72% above the market average68.72% above the market average68.72% above the market average
59.62% above the sector average59.62% above the sector average59.62% above the sector average59.62% above the sector average59.62% above the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

StatPro Group Dividends

  Latest Previous
  Interim Final
Ex-Div 03-Oct-19 25-Apr-19
Paid 06-Nov-19 29-May-19
Amount 0.85p 2.05p

Trades for 20-Sep-2019

Time Volume / Share Price
16:49 34,800 @ 226.50p
16:49 13,800 @ 226.50p
16:15 24,494 @ 226.13p
16:14 24,494 @ 226.13p
16:27 150,000 @ 227.67p

StatPro Group Key Personnel

Finance Director Andrew Fabian
CEO Justin Wheatley

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