ISS

[evedder]

Any one follow this stock. Seems to me to be in the right industry - plenty of oil companies doing well that wish to increase performance, that have the dosh to spend in capital and IT. They seem to have got some contracts and have some big contracts in the middle east in the pipeline. Interested in peoples thoughts?

[evedder]

ISS Group Limited (ASX: ISS) is pleased to announce a return to profitability for the group in the six months to 31 December 2005, following a strong rise in domestic revenues and first revenues generated from its international operations.
The audit reviewed accounts for the six months show that revenues grew by 45% to $3.8 million ($2.6 million at 31 December 2004) and profit after tax increased to $596,511 ($3,668 loss as at 31 December 2004).
Net profit to revenue rose to 15.6% of revenue. Earnings per share (EPS) rose to 0.96 cents per share (0.52 cents per share fully diluted) (2004 – loss).
Commenting on the results, Managing Director Mr. Shane Attwell said that the turnaround in the company’s financial performance was as planned after the investments made in R & D and marketing during the previous period and it was due to increased revenues and higher margins from software products as well as from the finalisation of new contracts both in Australia and overseas. The Singapore operation also contributed first revenues of $332,107 with a small contribution to operating profit ($187,845).
The company continues to build a solid pipeline of projects both domestically and internationally and is seeing the benefits of the investment made in establishing its distribution channels and its R & D program during previous reporting periods.
Going forward, the focus will be to maintain revenue growth while improving operating margins. To facilitate this growth, ISS Group will continue to aggressively market its products on a global basis. However, with an existing client base that already includes many of the worlds largest resources companies, the group will also place an increased emphasis on expanding its Strategic Account Management function. The main aim of this initiative for ISS Group will be to compliment its revenue growth strategy through better leverage from existing client relationships. This includes increasing the utilisation of ISS Group products and services within selected target accounts.
With a positive half-year result, continuing strong industry economics, together with the company’s growth initiatives currently in place, the Directors are confident that ISS Group is now well positioned for profitable growth.
The directors will consider the introduction of a financial year dividend based upon the operating results for the next half, the outlook for the next financial year and the company’s working capital requirements.

[evedder]

ISS Group awarded orders for the implementation of visualization shapes for BHP Billiton.
PERTH, Western Australia – ISS Group Limited (ASX: ISS) is pleased to announce that it has recently won orders with the Worsley Alumina Refinery and the BHP Billiton - Ravensthorpe Nickel Project (via a Canadian solution partner).
These contracts are for the implementation of visually appealing and ergonomic custom shapes for integration with existing Emerson Delta V (Ravensthorpe) and Honeywell Experion (Worsley) control systems. BHP Billiton have recognized and are benefiting from the application of ISS Group’s advanced web technologies, developed over the past 8 years from our BabelFish portal product.

The benefits ISS Group are delivering in these projects includes fast, accurate and simpler representation of the plant to Operations personnel. This will provide them with the ability to better identify issues with equipment and process – thereby allowing more effective, efficient and safer operation of the plant.

The estimated and combined contract value of these projects for ISS is in the order of $1million. Both projects are expected to be completed in the 2006 calendar year.

[evedder]

ISS contracted to pilot BabelFish software with Saudia Aramco

PERTH, WA – ISS Group Limited (ASX: ISS). is pleased to announce that through its Middle East partner Naizak, it has been contracted to pilot it’s BabelFish product with Saudi Aramco, one of the world’s largest oil producers.
With an initial roll-out already approaching completion across over 200 wells, Saudi Aramco will pilot this software over the coming 3-6 months. “This is a significant achievement for the ISS Group” says Managing Director, Shane Attwell. “BabelFish is our flagship product which will provide Saudi Aramco with a capability to integrate and monitor the performance of their wells in real-time over the web. With the costs associated with downtime or non-performing assets, it is imperative that an organisation can monitor and pro-actively manage these assets real-time to ensure that they are operating at there optimum levels. The BabelFish application and its inbuilt visualisation, event detection, calculation and modelling tools provide this capability” he added.
With a current operating asset base in the region of over 10,000 wells, Saudi Aramco is the largest oil producer in the world.

[evedder]

ISS contracted to supply BabelFish software to all Rio Tinto Pilbara Iron sites
PERTH, Western Australia – ISS Group Limited (ASX: ISS). After successful implementations of the BabelFish software at the Rio Tinto Cape Lambert, Yandi and Tom Price sites, ISS is pleased to announce that it has been contracted to supply this software at a corporate level across the remaining Rio Tinto Pilbara Iron sites.
Revenue for the remaining phase of the project is expected to be in excess of A$1.0 million. Implementation of the software will be conducted over the next 6 months with ongoing maintenance revenue continuing over the next 3 yrs. “This is a great endorsement for BabelFish and the ISS Group” says Managing Director, Shane Attwell. “After successfully demonstrating the benefits of the software on the initial site roll-out, this contract provides confirmation of the value that BabelFish can provide an operation.”

[robbo]

ISS.


Hi evedder,

With ISS Group (ISS) You have a picked a Toal real maxi Winner here imo.

Have been picking up ISS extensively over the last while, and feel they are the undervalued IT Software stock with Profits and excellent earnings as a very small cap with lasrge Leverage opportunity for Share price.

If you read their (ISS) last quarterly carefully, you will see, imo that the next Profit Report will also be a goodie following from therir return to Profitability which you flagged six months ago.

Also quietly note that, (ISS) have "beefed" up their Sales & Distribution arm significntly -- see (ISS) ASX announcements about 2-3 (ISS) annnouncements ago .....

That RIO Tinto win for (ISS) ( ISS - ASX announcement 2 days ago) was very significant... and the little word contained there-in ie: ....."recurrent".... earnings streams.....did catch my attention .....[:p]

Evedder, btw, Did you ALSO see who also is on (ISS's ) Current existing client list... ??

Add to that foundation; is an additional number of other medium oilers, that I also know about, like Stuart Petroleum(STU) .....

So imo the time is ripe for (ISS) ...

Kindest Regards,

Robbo :)

[evedder]

Robbo - good sumation. For a while I thought I was the only one that saw the potential in ISS.

A great client list for whom they always seem to sell more after the initial sale. Profitability will only continue to improve. Estabilished products so no major ongoing developemnt costs.

[robbo]

Hi evedder,

With ISS I think of Mike Porer 5 Forces....

And I like it.

Robbo [:p]


quote:Originally posted by evedder

Robbo - good sumation. For a while I thought I was the only one that saw the potential in ISS.

A great client list for whom they always seem to sell more after the initial sale. Profitability will only continue to improve. Estabilished products so no major ongoing developemnt costs.

[ASXIOU]

quote:Originally posted by davidrob

Hi evedder,

With ISS I think of Mike Porer 5 Forces....

And I like it.

Robbo [:p]


quote:Originally posted by evedder

Robbo - good sumation. For a while I thought I was the only one that saw the potential in ISS.

A great client list for whom they always seem to sell more after the initial sale. Profitability will only continue to improve. Estabilished products so no major ongoing developemnt costs.



Totally agree Robbo, Porters 5 forces model is an excellent tool for getting a feel of how any company is positioned in their market. Very simple yet very effective.

[evedder]

ISS contracted to supply BabelFish software to Shell Canada
PERTH, Western Australia – ISS Group Limited (ASX: ISS) is pleased to announce that through its North American reseller, it has been contracted to supply its BabelFish and Operational Conformance products to Shell Canada Limited.
The project has an estimated total value to ISS in excess of A$1 million and will be implemented over an 18 month period with maintenance fees over a further three year period. Announcing the contract, Managing Director, Shane Attwell commented, “This is a significant achievement for the ISS Group, not only does this provide us with a significant reference site in North America, it demonstrates the world class quality of our Operational Conformance and BabelFish software.”
Mr Attwell added further; “The system will provide Shell Canada with an integrated capability to monitor the performance of all its Western Canadian gas-producing assets and 5 gas plants in real-time. With gas prices so high in North America, the high cost associated with downtime or under-performance is at an all-time high. It is therefore imperative that an organisation can monitor and pro-actively manage their assets in real-time to ensure that they are operating at their optimum levels. The BabelFish application and its inbuilt visualisation, event detection, calculation and modelling tools provide this capability”.
The project is scheduled to commence in Sept 2006.

More good news.......

[robbo]

ISS Group.

Hi to ASXIOU and evedder,

Yes, what is also interesting was the Pilot programme for Babel Fish by one of Saudis Arabias larger Oil Production Companies, back in April ...

And now the TAKE UP and Green Light, by both Rio, Stuart Petroleusm and now Shell Canada... and that is what we only we know about....

This all, imo, augers very well.

Evedder, imo,secondly, If one were looking for a sub 20 million dollar Market Cap Co, with an Innnovative But proven Hig Value added B2B software solution, then...imo, in respect to profit and postive Cash Flow busines enterprise, as a High growth potential very under valued and huge uyopside investment share of a Company, ISS is worth imo strong consideration...

Thirdly Evedder,with the very obvious opportunity to get a Toll Way of Scalability, a now proven in a competive Market in demand properietary knowledge Capital, a genuine niche Product that is Trade Marked (high barrier to entry), and now rolled out, proven and licenced and obviously desired by the Multi Nationals .....then ISS is worth considering imo....

Fourthly the "references" (Santos, Woodsdie, Shell, Stuart, Rio Tinto, BHP etc etc)..... which ISS now has in their back pocket are worth a huge intangible ammount now imo....and can be suded in a very real way to gather up "low hanging fruit" in terms of new and repeat on going Sales with on going Maintenance Contracts.........

The Profit Margins,for ISS, are, imo, only bound to not only be sustained, but to significantly increase .....as the scalability gets the inevitable expedential growth effect ....

So finally Evedder, with ISS's current profitability .... and NOw it would appear clear further present streams of future CASH flow.... ISS is coming off a suprisinly very low market cap base, and high increase in Return on your Equity real likelihood & potential ... so overall, imo, the up side here for ISS, is .... imo....very high, real and quite substantial ....

Yep, Evedder, imo, the ISS Croup (ISS) as a business operation and enterprise with a low cap ex requirement, that is innovative and still under the 13 million market cap .....is one for the Buy and Hold for a while and enjoy.....

Evedder, I reckon persoally, that for ISS invstors, we have a definite high potential 3-5 bagger within the next 6 -10 months... And futhermore, despite some weekly choppy volatility, within the next 2-3 months we might well see.... a doubling in the share price of ISS, ....imo...[:p]

Kindest Regards,

Robbo :)

[robbo]

ISS Group (Babel Fish) (ISS) .

When I was having a morning ..... refreshing crownie.... this morning... whilst.... in the shower.....

Was also reflecting, that apart from points suggested in previous post.... that it IS going to get a whole lot easier and not harder from here-on for ISS ..... to get that momentum and critical mass happening..... :)

Feel a three baggger coming on somewhere soon down the track with this one....:)

Kindest Regards,

Robbo :)

[robbo]

ISS Group (ISS)

(Babel Fish) Software (Mining and Oil & Gas Sector)

Hi guys,

Had 4 seperate folks, from S/Trader; out there in cyber-land, email me on this one wishing for some more comments and thoughts as to why I personally Rate ISS as potentialy one of the "best of the best" small caps on the ASX bourse..:)

So I willll try to cover most of your (ISS) querries; with some of this post; and then fill in the gaps/questions... (if there are any)-- as we go:


(1) My own prediction re ISS's First year Results ......

.... going from .... the last 2 released to market "Quarterly" should be:

(a) in relatively (again) increased and strong Profit .

(b) surprisingly quite a bit on the positive side of better
than simply mirroring/doubling the half year, as the sales ramp up has evidently NOW as per the clear evidence; already got into motion before June 30, so I guest-i-mate conservatively another 1/3 again on top of the previous interim of $597K ... [?]

My own "gut feel" -- is about $1.2 to $1.35 m range .....

But really this is Good but Not how we should only "come at this" in my view......

*** ie: There might be a note attached to accounts to add a
VERY positive FORECAST for the following impending quarter, ending
Sept--2006...

Re above point; imo the reference client for the Northern American market and USA and Texas in particular, that ISS have NOW ..... in Shell Canada's take up of ISS's Babel Fish suite of products, and the fact this came from a North American Re-seller/distributor is .... commercially.... a Very significant clue as to how things may pan out for they future....

Okay then; here is:-- (A MODEL) of potentially what we are swirling around here... numbers and dollars $$$$$ wise, At The PUB ....regards the potnetialnow for ISS Group (ISS).

Cognitively, imo, we all ought not .... just--- “lock into” ONLY the prediction of the next EBITA and NPAT number, as important as that may be …. and discount cash flow analysis the numbers on say a traditional 15% as the asumptions are not in alignment with the better reality.

Instead if we instead, telescope our mind a further 2, 3 and 6 and 12 months out ...... and then do a "quasi back of beer coaster discounted cash flow model"-- for ISS, over say … ---a future 15 years …..wow.....

Anyway let us now trash the tech math speak and talk plain Jane Beer Coaster rough numbers and be super dooper conservative.

Do bear with me a tad, and let Uncle Maxie here at the PUB, “throw around” some numbers ….. and have Aunty Madgie add a dash of some qualitative concepts , and then apply maybe some Gav the Galah deductive logic, and then discount them back conservatively for Chris the Cockatoo's Peanut allergy risk ……

Let us take just one of the successful ISS's recent site implementations ……

Say, for example, ISS's new Shell Canada contract, but the same deductive logic, may arguably would apply to BYP Billiton, Saudi Armco, Woodside Petroleum, Santos or Rio Tinto …… etc etc….

Just What sort of Revenue Turnover would Shell Canada have ?

You do not know, and actually neither do I..... off hand.

So let us instead then; throw a ridiculously conservative number in the Crownie Schooner .. …

And suggest -- say a mere $400 millions. (more likely to put another zero on that, but we are being conservative)....

Now what sort of Productivity Gains might the Babel Fish Software have on Shell Canada operations, as expressed as a percentage ?

Would 7 % be agreed upon ??

Nah, too high and optimistic ?!!?

Fair nuff then .....

But they -- (Shell Canada) -- did not pay $1 million to have no (zero) productivity gains)… ?

So what about let's lower the Bar to say only, 5% ..... ?

At the very least I would reckon … .. hmmm...??? ....

But let us be even more conservative… and suggest half of THAT AGAIN, to only 2.5% ….in productivity ga

[tommy]

Very interesting company, you have certainly attracted my inner tech-geek's attention for this stock[8D]

I shall do more research on ISS, although when "babel fish" was first mentioned, I had accidentally assumed the other "babel fish" translation application... which is clearly unrelated[:o)]

I like their global reach and subscription-oriented business model like MYOB, but not sure of the competitive advantage of their product offering and who their competitors are (if any).

Well done for opening this thread evedder, and thanks for your analysis robbo mate, keep up da good work!

Have a good weekend all, this week has been the best week for me in months, gonna have to celebrate;)

[robbo]

Hi Gals & Guys,

Getting a few good queries about ISS and Dulhunty Power (DUL) … along ones of:

..... Which one is best ? - :)

>> .. My answer on this question is:

Remember to look out…. “the Front Window” -- ahead into the near and medium Future, and Not out the “rear vision mirror” , in respect to the Growth Prospects, and attractive merits, of these two, imo, undervalued growth stocks/ companies…..

With ISS, what I really like is the “Moat” they have now begun to entrench and create; with their unique and now accepted to The Majors, vis a vis ISS’s Trademarked Software…..been now bought and taken up by the global clients they have successfully secured ....

With Dulhunty Power, (DUL) , I feel this is a massively under valued growth company opportunity; that Investors can benefit, imo, by getting.... on board ....at an absurdly Low Base, and highly leverage the upside; in a relatively short time frame.

(a) Globally winning a multitude of successful utility style Contracts.

(b) Not relying on one big client, and therefore scalabilitypportunity is masive.

(c) Easy & understandable Products -- that are MSUT HAVES and not cyclical-- and are manufactured by Dulhunty Power's low cost base China Factory.

(d) Dulhunty controls both the Manufacturingand the Wholesale Distribution parts of the Supply chain, which givens them less exposure

(e) Far ahead of track of Business Plan already.

(f) As mentioned before, guys this (DUL) is .... a lowet of the low, market cap company ....

.... of less than 5-6 millions !; (wow),-- :)[:p]

I mean, amazingly; the NTA (Net Tangible Assets of Pant and Equipment and Cash; would exceed the Market Cap !!)-- and they are trading ain Profit, have reported profits 6 months ago, with a growing global sales volumes evidneced by both the quaretrly reports and the regular new Sales Contracts they win to compliment exisitng supplier agreements....

. .. Will drop another line on DUL thread tonight...

So then; What do I mean, now, about the opportunity which presents itself with : >>> the ISS Group ? -- :)

Well, imo, this ISS Group are created and ahve to an extent already created; a vey high Profit potential& sustainable Economic Moat/Toll Bridge...

Also, this is only going to Increase,for ISS, and significnatly improve.... and become more valuable with every pasing few weeks and months....

.... >>> ... Why so ?

Why is the ISS Moat; imo, going to continue to be a highly valuable "franchise" with Moat characteristiics; & become,an even deeper moat ..... with rare, unique & hard to obtain, difficult to substitute -- "monopoly characteristics", and “High Barrier to Entry” Benchmark Standard attributes ... … ?

The obvious initial answer is: look and think carefully about the already now ..... coveted King of the hill, Client List.

The second less obvious answer; (but just as important also imo) -- is the nature of many Software Engineers, Mining Engineers, and Geologists and Technical personnel in the Oil/Gas Sector, and Mining Sector…

There are a number of exciting and real present day points that imo make ISS a steal, and sound reliable investing with High Growth prospects…

It is my contention, that ISS will prove, imo, to be a Durable source of “annuity style” -- Profits/ Revenue and earnings growth , that is commercially applicable and relevant and will remain on the Oil/Gas/Mining Core Application process for the very long term.

Some Socratic questions to ask:

Are The Technical executive personnel at Shell, Exxon, Rio Tinto, BHY Billiton, Saudi’s Armco Oil, Santos, Woodside Petroleum, British Petroleum etc etc…. who will be using ISS’s Babel Fish, Mobile and global….
Or instead, are they rigidly likely to stay forever; on the One Project (with say Shell) and with only the only company?

Will Shell, BHP, Rio Tinto etc…. want uniformity of Application Software,

[robbo]

ISS Group. (ISS)

As you all probably know by know, I am a big fan of Scalabality Advantages, and believe strongly, in the importance of the cvcompetitive advantage principles involved; in "scalability" being un- locked; to crystallize the Growth; of small potential high growth businesses. :)

The significance of Scalability; imo canot be under-stated. :)

So to flesh out how I see this applying to the ISS Group (ISS) operating in the Oil & Gas sector, as a nodal point within the infrastructue of this Industry, I dug up some info recently I was reading; from this sector in this case the Case Study was British Petroleum (BP)... which I thought, vis a vis (ISS) was relevant....


To concretely grasp the notion of collaboration in a multinational company, when we consider the case of, British Petroleum (BP)-- which has operations in more than 100 countries, we can see how significant collobroation.scalability from different sites and untis may be.....

Over the last few years, , senior execs of this oil and gas giant; have transformed the company from a collection of individual fiefdoms into a vast collaborative organization with significant improvements in costs, efficiency and revenues as a result.


Several major initiatives were implemented to foster collaboration between business units and difffernt country operations, across the globe.

Responsibility for resource allocation, for example, was taken away from individual units and handed to groups of peers —
business-unit heads running similar businesses.

This approach effectively forced the peers to work together to optimize the allocations for the group as a whole rather than for individual units.

The company (BP) also developed “peer assist” and “peer challenge” -- processes, whereby managers and engineers in one unit
can ask for technical and help from other units, including technical
expertise and problem-solving advice.

Engineers in a typical business unit spend about 5%-7% of their time on peer assists.

Peer assists are supported by several electronic knowledge management
systems as well as videoconferencing technology.


Now it might be assumed, that strong personal relationships also were developed as a result of the frequent rotation of managers among units and country operations.


BP also changed its promotion and reward Human Resource Mgt remuneration systems. --(another one of my fave KPI s to investigate !)

In this case, BP Managers undergo a 360-degree feedback process that includes reviews from peers, and managers who do not collaborate effectively throughout the organization suffer when they are being considered for promotion.

** Also noteworthy, is that , 30% to 50% of bonuses for senior managers are contingent on the performance of the firm as a whole.


The fundamental idea of creating additional value through inter unit collaboration remains at the center of the company’s organizational business model.


These changes have produced real, measurable results at BP.


Example: There have been cost savings through the transfer of
best practices: A business-unit head in the United States sought
to improve the inventory turns of service stations.

Tapping the expertise of her peer group, she obtained knowledge of best practices from operations in the United Kingdom and the
Netherlands, leading to a 20% decrease in working capital
needed by U.S. service stations. Better decision making was a
second result:

Another unit head used a peer assist to receive
input from six people in other units who had expertise in ordering
oil tankers.

After several meetings in which the peers advised
the unit head’s team, the unit bought three tankers and took
options on another three.

Revenue also grew: During the development of an acetic acid plant in Western China, more than 75 people from various units flew to China to assist the core project team, enabling BP to finish the pr

[robbo]

ISS Group (ISS)

Have not forgotten ISS Group (ISS) and have personally a strong buy ------sentiment currently on this stock; and then ...btw.... HOLD .... ISS Group (ISS) ---for even further and further gains long term as we await the up coming (any day now ??-- ISS results.

This (ISS) thread; and my previous posts on this (ISS) thread tell the elaborate basis for my interpretation of all the supporting facts and evidence; for this personal view.

Guestimate is; that the (ISS) EBITA (which will be, imo, close to the NET as well, to be in range of $1.2- $1.4 range....

This will take (ISS) on this thesis, into a forward price/earnings based on of $1.80 - $2.00 conservative.... and on a PE of say 18, then can see a potential re ate for Market Cap of into the early 30's--say Market Cap of $33 M...

ie: share price to at very least double-- +++ --in relatively short term but You guys can also do the math [:p]

--And as they(ISS) keep continuing to anmounce; more & more.... new Contracts..... with these Oil & Gas muti nationals see a second stage rise again into mid 40 Million mark... due to the Blue Chip Credit of the Revenue sources being continuously rolled out and booked.

These of course are only my own (ISS) extrapolations and approximations... but it is my view, that given the current market cap is only $12 millions, and given the Size of the Realistic targeted massive Market --(of which they are already pren consecutively to be successfully with 7 different multi national corporations) ----

And their (ISS Group--ISS's ) proven aceptability with the Multi Nationals, that this will be a formality, even if the timing is "fuzzy logic" and cannot be as precise....


Please do, imo, re- read the previous posts for the Reasons; behind this hypothesis.

Kindest Regards,

Robbo :)


DISCLAIMER
Views expressed in this email and/or internet correspondences, are my tentative thoughts and opinions only. These views are not to be read as being, or forming…. any form of a recommendation; of any sort whatsoever. Rather, they just simply personal opinions, and are NOT financial advice. Furthermore, these views are unwarranted and ought not to be read, as other than personal opinion and speculations, and are not warranted in any way whatsoever, either expressed or implied, for their accuracy, veracity, or likely predictive outcome. Furthermore, these comments are highly subjective and prejudiced by the writers own opinions and outlook. Therefore these views may be prone to errors, as they have not been checked by a third party, and are possibly incomplete and/or inaccurate. The opinions expressed here; are strictly on a “Without Prejudice” basis only. These personal subjective thoughts herein expressed, are only one view among many, and at best; are only the author’s whimsical thoughts, impressions, and intuitions. Obviously, as with all opinions, they are open to discussion and refutation, as well as consideration of other interpretations and review. For any investment decision, always do your own separate investigations and research, and always seek your own qualified and authorized third party independent financial advice.


Kindest Regards,

Robbo :)

----------------------- ends ---------------------------------------

[evedder]

The finals must be out soon? My guestimate is a range around $.8-$1.0 EBIT. Not much buying or selling which may indicate an expected solid profit.

[tommy]

Market cap is $11 million still cheap or what?! No market reaction? Yawn.

______________

http://stocknessmonster.com/news-item?S=ISS&E=ASX&N=334038

ISS Group is pleased to report on the delivery of significantly improved results for the 2006 financial year as development expenditures begin to drive revenues and profitability.

In the 2006 year, ISS began to see the benefits of last year’s planned investment in establishing its distribution channels and its product R & D program. Revenue to 30 June 2006 was up 76% from the same period last year to $8.01 million (2005: $4.54 million).

Net profit for the year of $1.48 million highlighted a strong turnaround in the company’s financial performance from the previous year (2005: loss $0.78 million). This was mainly due to the increased revenues and higher margins resulting from the previous year’s investments in marketing and R&D in Australia and overseas.

Based on the strong improvement in operations and profitability, the board is recommending a maiden dividend of 0.5c for the 2006 year and activation of the Company’s Dividend Re-investment Plan.

[tommy]

Still cannot believe ISS closed at a mere 20c... is the market bloodbath driving investors to ignore all announcements? Worth topping up some more at these levels[:I]

[robbo]

ISS (ISS Group)


Exxxxceeelent.... [8D][8D][:p]

Heh Tommy; remember that ......Funds and Larger "sit and hold Investors/Buyers...... will still take their 48 hours to throw another lazy $500K ......to say build a "hold" postion .....north of $$ 1-2 Millions...... even when on the surface it is sooooo obvious.

But that is our advantage hopefully--as we(at The Pub) have already DONE our investigation and Due Diligence -- heh what !! ;);)[:p]

So then Tommy; what to Do for you ....??!!

...>> Easy ... [8D]

ie: Reeeelaxxxx & Enjoy the "creme of ze creme !! !! [8D]:)

Kindest Regards,

Robbo :)

[tommy]

ISS opening at 20c?

Gotta be kidding me...[:0] Would have expected a few cents higher after such a big turnaround announcement, but the market does not seem to agree at least for the time being. Oh well, great top up opportunity I suppose[|)]

[ohmyme]

I bought more Tommy. I have a huge holding in ISS now. I love that they expensed all their R&D too. Also they have flagged that they will be spending less on R&D and more on selling and marketing etc. This means more profits this year without even growing their business. However I think that its a no-brainer that they are going to grow their business this year based on the historical contracts and clients they have.

Time will tell Tommy.

[robbo]

ISS Group.. (ISS)


As I open the Lap Top -- while interstate.... I mull over the just released, (ISS) Annual Preliminary Financial Report. ...

And I do like what I see more and more....and more.... :)[^][^].

MUST admit..... to grabbing another $12K last night and another ...... $20K ++ of ISS Stocks ... this morning on the Open !!

Just...>>> Too easy, even for naivettes like me-- (the ISS numbers/math --on this one, imo. :);)

This ISS is "5 Bag teritory" inside 6 months....[:p]

Ohmyme, wonder whether you may be able ..... to Extrapolate ...>>> another 75% Revenue and do say a PE of 30...well under ISS peer group on the Net %age ....Profit of 18.5 % after expensing the R&D !! ) to Project Forward ... potential ISS Earnings -- ... wow! .....

But ..... that is not all folks......

Did I not read somewhere in the Report .........about ANNUITY REVENUE streams increasing by 400% ? [?]....;)

DoDahh Dooh Dooo Dahh.... [8D]:)Gee, better quickly find a Pub to have a quick crownie.... before my next meeting... :)[:p]

Gotta fly.

Kindest Regards,

Robbo :)

[evedder]

Great result - NP of $1.48m even exceeded my expectations. This year should be a good increase in Revenue (based on contracts they have already signed) without a great increase in costs.
I am also suprised the SP has not jumped a bit more...

[tommy]

mmmm, they need to get an investor presentation out to describe what is going on at this company so that the market knows that ISS exists on this planet[:o)]

I suppose the flood of full year announcements make it hard for investors to distinguish no-brainers from trash...

Market cap should at least be $20 million by now!

[tommy]

Hi AA,

The entire market is a bit subdued at the moment especially for microcaps. The increased volatility in the market is not favor of small caps unfortunately, we will probably have to just patiently wait for September/October to pass by...

Great time to pick up undervalued stocks on the cheap though, got a bucket full of ISS already but I'm also happy to accumulate more at 20c!

[tommy]

ISS still stagnant... would love to pick up more below 20c but lack of liquidity seems to be preventing this stock from experiencing any price movement[|)]

Absolutely no change since announcement, might have to put this in the freezer and defrost it in 6 months time[:X]

[robbo]

ISS (ISS)

Will be around 60 cents the moment they either:

(1) Do their normal Broker institutional Presentation , on about the 18/10/06.

(2) They brief a couple of Funds before that date...and when they communicate the 400% increase in Annuity Style repeat Revenue and remind them of the Gross and net profit Margins, and how that will further increase expedentially; as they (ISS) get even more traction, critical mass and scale.

(3) When ISS, potentialy soon, go into "pre open"

...... and then They announce ..... yet another Saudi Aramaco/Shell, Rio Tinto, BHP, British Petroleum, Woodside Petroleum, Exxon style Renewable largish Contract ...

Lots of potential triggers and Catalysts here, imo, Tommy.... ;):)

Kindest Regards,

Robbo :)

[tommy]

Hi robbo,

Yeah, another contract would be a nice trigger but previous announcements of big contracts seemed to do little to ISS's share price so I'm a bit sceptical here, though I certainly won't mind being proven wrong:)

Did you say 60c? My target is 40c over the next 6 months...

[robbo]

ISS

Yep, I said 60 cents, bec in my view, ISS
will get the PE Premium on Current Net earnings already of:$1.48 Net Millions ..and trade at around 37 PE....(for example Bravura (BVA) trades at 115, and when thgey wre small EMI and SEN both tradedin mid to high 40s....

Also the new Contract/s will start to put a Forward PE on ISS and that will be calculated on Increased Profit NET Margins from the already excellent Current Margins ....(for obvious now well past break even reasons....).

Why so?

Cause of the Type of Client and The Number of Clinets and the Monompoly they (ISS) will be deemed to have with every successive new Re Newal Contract...
So do the basic math--even only add say 55 % increase to current now publihsbed ISS $1.48 Millions Net..(super conservative all things considered equal...) ..and only PE ISS at 30... that is approx 4.3 times the Current Share Price, namely 90 cents... so my 60 cents is stillvery Under Done..

Time line --??-- --try another only 2-4 months --but those who wait will miss the first easy and SAFE, 100% imo....

Regards,

Robbo :)

[David Hardman]

Interesting company Robbo (as usual). I'm interested in how you go about finidng stocks? Care to share? Where did you hear about ISS. They don't get any press and not on the radar so to speak.

Software annuity income - Does not get much better. Agree these guys could be on the cusp. R&D over the last few years paying off. Right place, right time.

Any break and hold above 20cent would be positive. Its only been above 20 thirteen times in the last year. Always returns to trade within its narrow 18-20cent range a few days later.

Not in yet.. But looking

[robbo]

ISS Group (ISS)

Response To Dave H.

Hi Dave,

Good to hear from you… as always …..:)

Nice Big juicy Question…. you have asked in your last post Dave !!

Obviously the answer to your query; is not reducible to one or two sentences, so maybe I might jot down a few reflections over about three or four posts….

errrr....As some come to mind…..

(1) The Pareto Principle has proven to be validated for me on many, many occasions…(in other words it will be the 5 shares out of 95 possibilities..... that make you 95% of your money-- at least has been my experience)--so by that Pareto Principle logic, am trying to Hunt down the Creme of the Creme--the exceptionally Undervalued which are ALSO on the cusp of potentially extraordinary Growth--..... and, to get "a postion"-- before the market awakens to the fact......

And it is even more sharply defined than the oft quoted 80/20 Rule, and instead tends to be closer to the 95/5 Rule or even more extrmem and tougher …..

These comments are pertinent, especially if we steer clear; for a minute; from Mining and Oil Stocks, which are obviously tied to a Commodity Price; rather than Being the unearting of a truly rare and exceptional Business; that is able to grow earnings at a “out performance” sustained rate, -- period -on -period to grow your investment at a compounding exponential rate.

Examples:

In other words; the Mc Millan Shakespeare’s, Seeks, Real Estate dot Com’s (REA) RCR as a baby, Caltex (CTX) 2 years ago, HWW’s, Emitch’s, Senetas, Objective Corp’s, FSA’s, Credit Corp’s, Worley’s (WOR), Dulhunty Power’s (DUL) IBA Health’s (IBA) Coal and Allieds, TOX, IPN Medicals (IPN), Photon’s, Resmeds, Reject Shops, Port Bouvarde’s, Mortage Choices, Boom Logistics, ….to name some examples that immediately spring to mind….... are going to be….

>>> By Pareto Principle definition….. the VERY small numerical minority—where the Investor may earn --“out performance Results”-- of between 80% to up to 400% in a period of between three and seven months..and where this is not just an aberration or a spike,…but that the business in question; will keep most of this High Upward re rating; as reflected in the now higher Market Cap, and also that he Investor can have not only the Capital Gains but also enjoy a tripling and more; of the Dividends; in relatively quick time; due to the dividends being paid to the Investor; per share owned by the Investor.

So therefore these following comments; do not apply to a Cudeco or Cazaly type of lucky happen-chance.

So yep, I often go back to the various dimensions of the Pareto Principle….

Therefore; I think your question Dave; is how do you:

“Get ****y and lucky Robbo …??

And stumble across….. say a ISS or it&e or a Austin Engineering…?

and ditto;

“What will make say a Emitch or Photon or Port Bouvard etc etc, ……so massively out perform AND at the same time, how is that both findable before hand….. AND is it doeable AND probable, and relatively pre –predictable ?[?]

Okay then Dave, there are a few recurrent motifs/themes that seem to work for me…



(2) For me Dave, it helps to be multi-disciplinary—in other words you cannot just apply the techniques/models and approaches of a 100 meter sprinter…it is more appropriate to have at least say 30 models or paradigms….

(3) Personally Dave, I use Decision Trees a lot. Decison Trees are often part of my "method".

(4) Related to (3) Dave, I use a lot of elementary Probability Analysis, permutations and combinations, and Sensitivity Situational Testing of various Hypotheses…..

(5) Dave, I am in to Company Site visits,where possible..... listening and talking on the phone and talking to Suppliers and Competitors…. Not justrelying on what I see on the Internet so to speak.. Listen intently, and Talk to lots and lots and lots of people....

So Dave, getting pout talking to peopole. I do thi

[tommy]

ISS sell side FINALLY getting thinner[:I]

Perhaps a bit of action soon in the coming weeks? Fingers crossed:)

[robbo]

ISS --ISS Group.

Like it ![^]

Good One Absoluteadvance.... [8D]:D:D:D

errrrr......was that Southern Comfort or Jack Daniels your were enjoying last evening.....

Certainly did not sound like plain 'ol Crownies, that is for sure.

Very droll, very droll..... enjoyed....[^][^]

PS. Will have a gooodish up Date on this thread (ISS)-- which is pertinent; before 1.30 pm AEST.

Kindest Regards,

Robbo :)

[robbo]

ISS Group (ISS)


Couple of short & quick new comments re: ISS.

Hear that Broker & Investor Presentation will be in a couple of weeks……. around early October. This is also consistent with previous years….

Fortunately, we get the free gift of getting “set” into ISS before the Broker community does.:)

More good stuff want to comment on…....but too busy at present. Sorry.

Will just remind you of this from ISS’s own latest Report… “In the 2006 year, ISS began to see the benefits of last year’s planned investment in establishing its distribution channels and its product R & D program. “

Regards,

Robbo :)

[David Hardman]

Robbo

Thanks for your post. Plenty in there to keep me thinking.

Have you read "Built to Last" and "Good to Great".. Both by Jim Collins.

Your approach seems to reflect much of what these books are about. I'm probably not as well read as yourself but IMHO these are the best books on business/strategy around.

http://www.amazon.com/Good-Great-Companies-Leap-Others/dp/0066620996/sr=8-1/qid=1158810770/ref=pd_bbs_1/002-7606381-1132846?ie=UTF8&s=books
http://www.amazon.com/Built-Last-Successful-Companies-Essentials/dp/0060516402/ref=pd_sim_b_1/002-7606381-1132846?ie=UTF8

Thanks

Dave

[evedder]

Robbo thats 2 posts of yours in a row that I have read in under 30 seconds - whats going wrong....

There are a few buyers around but nothing major .. I would have thought brokers with half a clue would not need a presentation to realise the value in ISS. So I am not sure what the brokers presenations will really do. Those who wanted to free up some funds to buy ISS would have by now. A little baffled ...

[robbo]

Hi Dave & Evveder......

Defintely agree with a lot of what Jim Collins says in hist best-seller :

"Good To Great"-- and most of what that is about.....Dave....

As I said before Dave;

Choosing those baby Companies in the early stages of their Growth Cycle --- And that have that Rare "X Factor" known as a massively Commercially Significant and Large ---
..... >>>.... >>> "Strategic Competitive Sustainable Advantage" <<<-- in a High Global Demand area (Industry Niche) -- that is Run with a Strategically Excellent Plan and Direction,by Competent Mangagement who have rare ability & integrity....

And who can implement that strategy to optimize Productivity--- with a winning Business Model that has clear and Compelling Economics .... that allow for sustainable High Profit Margins -- seems to me; to be among the critical ingredients in:
.... "The Secret Recipee"..... :);)

Of course to be able to identify the Business which has "the makings of ALL OF THESE Qualtiies "-- ***** --- And that is Also Cheap and Undervalued at the same Time-- ie: usuallly in the embryonic High and Fast Growth Stage---of the Business Growth Trajectory/Cycle-- well J Collings does not cover THAT:-- "how to perceive those signs " aspect.!!

For that you need to develop a: "Variant Perception" -- from the other 98% of the Market Participants....(otherwise by definition the said share; would not be cheap and under valued......).

So Dave, the real reason Dave for me including the lengthy "bibliography" --as well as the specific References to Buffett and guys like Munger, Soros and specifically also Professor Mike Porter -- was firstly ...

(1) To be clear; I do personally find, that I need this wide eclectic mix/synthesis; of: "Where others have walked before".... to develop a "Variant Pereption".

And I confess Dave, to defintely needing to use the ideas contained or discoverred by these actual authors/geniusses; as Sources for my own Perceptions, Paradigms and "Variant" Inspirations....

--ie: Such ephiphanies Dave; are certainly not magically dreamed up by myself ..... from Ground Zero..... :)

(2) And secondly Dave; to sort of indicate --- that imo-- there is no Single Paradigm or Only One Model ---- that will tightly "Fit" Successfully & do the job all of the time; to be applicable to discern a Winner 100% of the time, on a consistent basis.

That means, at least I admit this is my own experience; that you need to have a wide and diverse range ..... or "suite" of Paradigms/ Models, to avoid myopia; and to "interpret different Data"-- and various examples, of potential candidates; as it may present itself.... albeit, camaflouged from general view....

Otherwise it would be a like someone; .... errrr.... whose only real useable Tool was a hammer.

Such an operative would ascertain every proposition/candidate as a "nail".......:D

And be prone to look through the "hammer and nail" prism at every opportunity....;)

(3) Final third point to quickly make; is that I have found over the years that it is only 35% of the Task-- to be able to unearth and :discover a gem share.

*** The other 65% of the story -- --has been my own hard learning experience, and imo only, ..... is to Get to the Stage where you develop the knowledge and skill; to know that the "said very under-valued and rare gem; is actually & defintely--- "the real thing"--- and that you Know that you know this; so deeply within your own self and brain -- that you NEVER ever waiver -- Because You really just "know" .... it is what is sometimes

[robbo]

ISS Group (ISS)

(ISS) has now.... just gone into "Pre - Open"....

...hmmmm....

Kind Regards,

Robbo :)

[ohmyme]

Brilliant announcement from ISS today. Endorces the quality and blue sky potential of their software. The key signals for me were the following:
- $800k grant. This is a very signficant amount for a company that is only $12million in size.
- Expansion of product range. This means blue sky growth potential.
- Substantial interest in product already shown. Already existing client.
- Key attributes, innovation and marketability.

Its all juicy stuff, I am a very happy, signficant percentage of my portfolio holder.

[robbo]

ISS (ISS)

yep, actually do agree almost 100% with the CONTENTS of your post on ISS there ohyme....

errrrrrrrrr .... by the way...;);)

Check out the DEPTH now on ISS !! [:0][:0]

Kindest Regards,

Robbo :)

[OneUp]

quote:Originally posted by evedder
I would have thought brokers with half a clue would not need a presentation to realise the value in ISS.


Most brokers don't have a clue, especially on microcaps. When ISS's making $10m/year and capped at $200m then all the brokers will be falling over themselves to get on board.

Robbo, appreciate your analysis and insights on this one.

Impressed by the grant today. That's 6 months profit.

Always love it when the Aussie government gives a subsidy to NZ shareholders!

DISC: I hold

[trader-jim]

ISS

Finally taking off, volume 400k plus, and yes depth way in our favour.

Also love that government subsidy, works out at 1.37 c/share almost three time the dividend!! Essentially the Aus Govt just gave me more than I'll earn this week :)

[David Hardman]

AusIndustry is great. There is a crapload of money available and its fairly straight forward to get (not taking anything away from ISS)

A less know AusIndustry initiative is the R&D tax concession. My company has been claiming this for the last 3 years. Well worth it if you are working on a project that can be classed as "innovative". I'm surprised more companies don't take advantage of this concession as you don't have to compete for the funds. Its just a matter of completing some simple paperwork each year and making sure documentation is in order. I'd expect ISS would be eligible for this as well.

I've been watching ISS the last couple of weeks. Looking at the chart and recent action its clear that someone is selling into the good news.

Case in point is the single 250k seller at 23. He appeared just after today's announcement. Looking at last years annual report an owner with this much stock is a top 20 holder. :0

ISS looks the goods but its not until it breaks out of this year long trading range will I become interested.


EDIT : Mr 250k @ 23 just pulled his order and reduced it to 90k. Heh the games people play

[ohmyme]

Thats fine David Hardman, you can have some of mine at 30c after the break out has been confirmed. Only joking I wouldnt sell these babies for 30c.

[OneUp]

Should add, that although operating cashflows were negative, this isn't too much of a worry because this is what we would expect to see with a massive jump in revenue (i.e. higher sales requires higher working capital in the form of higher accounts receivable). Can't detect any "earnings management", all the $1.48m profit (+ $200k cash) has been "reinvested" in an $1.7m increase in receivables. All R&D expensed. No complaints - the profit appears "real" and transperent.

The grant helps the cashflow situation considerably.

[robbo]

iss (ISS) ..

Hey, Dave,

Looks like there is merit in .......

RTeading up on Aristotle after all....;);)..

Glad to see you were on board...[^]:)

Were/Are .... you also on board ite (ITE) ??

Kindest Regards,

Robbo :)
---------------------------------------------------------------


quote:Originally posted by David Hardman

AusIndustry is great. There is a crapload of money available and its fairly straight forward to get (not taking anything away from ISS)

A less know AusIndustry initiative is the R&D tax concession. My company has been claiming this for the last 3 years. Well worth it if you are working on a project that can be classed as "innovative". I'm surprised more companies don't take advantage of this concession as you don't have to compete for the funds. Its just a matter of completing some simple paperwork each year and making sure documentation is in order. I'd expect ISS would be eligible for this as well.

I've been watching ISS the last couple of weeks. Looking at the chart and recent action its clear that someone is selling into the good news.

Case in point is the single 250k seller at 23. He appeared just after today's announcement. Looking at last years annual report an owner with this much stock is a top 20 holder. :0

ISS looks the goods but its not until it breaks out of this year long trading range will I become interested.


EDIT : Mr 250k @ 23 just pulled his order and reduced it to 90k. Heh the games people play

[robbo]

ISS Group (ISS)

After this new development , 'vis a vis'--

The ISS winning of the Federal Award/Grant --of $850,000 + dollars ..... (tax free)-....

... I meant to pose to you all who follow ISS, the open ended question a bit Socratically ..... again !! [:I][:I]

What do you all reckon, re...... Apart from the obvious assistance of the $850, 000 Tax Free Award and Grant by the Federal Government -- for the detached Assessment; by the Judgement Panel on the twin Critieria of:


(1) Innovativenes.

and

(2) Commercial Readiness .... and Commerciality of Application

... What else, do you feel , (in terms of the potential intrinsic Value of the ISS Group.. [?] )

... >>> -- Do you feel that a bit of reflective, cogent and rational logic.... now potentially ...

... >> .. Allows us all, to now hypothesize.... AND also, potentially now deduce .... ?[?]

And what other tentative conclusions, might we all now draw from this --- which imo,is a very Welcome Cash Injection ... (on Top of ISS's exisitng net Profits) .... in this Grant/Award Development...?? [?][?]

You may/may not agree ..... that there is... imo ....both in terms of opportunity for short term and medium term, .....new and increased ISS Group Sales and Profits ...--$$ .... and that this also, is really excellent:

--- .. "Food for Thought" ....

... In what all of this might signify to exisitng and prospective ISS Investors... .. :) [:p] ;);)

Kindest Regards,

Robbo :)

[ohmyme]

We even have directors on our side Robbo! Ian Spence just sunk $40k+ into ISS at 21c. Good to see insiders are taking advantage of the fire sale going on with ISS at the moment. :)

[robbo]

iss (ISS Group)

"Yep, Roger That one" ..... Ohyme....

See we are now seeing the smaller Funds start to buy their smaller $10K and $20K parcels in ISS, as they try to get a difficult to come by..... positon in ISS Stock !! ....[:p]

... >> , Also you will no doubt, imo.... now see .... an influx of NEW buyers, even to just get thier minimum allotment So as to be able to particpate in this Juicy Cap Raise and also ahve their the dividend ...[:p]

Also, in my humble view...the "sellers"-- (yeah right oh ! --) derrrrr .... wots up Doc ??!-- ;))- is only just "realty distortion" & the brokers playing their silly little games.... with some .... contrived artifical suppression on the Depth [:0];);)....

But, imo view, you will not last long now ....Just off the phone now to a few brokers and fundie Desks ...and seems now that the ISS "signals"-- are definitely beginning to be being observed, noted and decisions to "get on board" are being made ..... as we speak...:)

You can Especially also see this too, given that this signal Today-- of (ISS) Director Buying has been released.... and the Very soon now ex Div Date and all.....

(ISS) has Just now tooo Much factual and emperical cold hard Evidence...:)

Wait for the (ISS) Broker Presentation in ze next Fortnight .... due out as well!![:p] --

Sorta reminds me(ISS Group) now... of a very tight and tightening Elastic Band.... if U Know what I mean... [8D];)

All Systems are now --Lights On -- and Ready to light the ISS Candle for: Green for Go.....

Kindest Regards,

Robbo :)

DISCLAIMER
Views expressed in this email and/or internet correspondences, are my tentative thoughts and opinions only. These views are not to be read as being, or forming…. any form of a recommendation; of any sort whatsoever. Rather, they just simply personal opinions, and are NOT financial advice. Furthermore, these views are unwarranted and ought not to be read, as other than personal opinion and speculations, and are not warranted in any way whatsoever, either expressed or implied, for their accuracy, veracity, or likely predictive outcome. Furthermore, these comments are highly subjective and prejudiced by the writers own opinions and outlook. Therefore these views may be prone to errors, as they have not been checked by a third party, and are possibly incomplete and/or inaccurate. The opinions expressed here; are strictly on a “Without Prejudice” basis only. These personal subjective thoughts herein expressed, are only one view among many, and at best; are only the author’s whimsical thoughts, impressions, and intuitions. Obviously, as with all opinions, they are open to discussion and refutation, as well as consideration of other interpretations and review. For any investment decision, always do your own separate investigations and research, and always seek your own qualified and authorized third party independent financial advice.

Kindest Regards

Robbo:)

[David Hardman]

Robbo

Not trying to be a dark cloud here. I do like ISS.

But the SPP could limit short term upside don't you think. Why pay 22cents when you can buy stock at 19c in the SPP. Wouldn't the smart thing be to buy 100 shares today at 22c and then pick up $5k @ 19c and not have to pay for them until the 25th of Oct.

David

[robbo]

ISS ISS Group.

You dark cloud you Dave !! [}:)][}:)][}:)] [8D]

That theory is a relatively cool...if you are only talking about those who want to limit their holdings to $5000.00!!

One would hope Dave.... to have ....just.... a few Investors with slightly deeper pockets !!

Kindest Regards,

Robbo :)

[David Hardman]

Yeah but.. yeah but... yeah.

Wouldn't the instos just sit back and wait to see what happens with the SPP. Any shortfall and they can pickup a stack at 19cps.

The SPP is going to be dilutionary as well. They are trying to raise $2.1m cash. ISS only has a market cap of $14m

Latest annual report has 438 holders on the register. If EVERY holder takes up the full $5k allocation they will raise.... wait for it....$2.1m. Funny that!

The SPP discount is not that generous. I'd expect only 50% of holders to take it up. Leaves $1.1m for insto and directors to pickup.

With this in mind I can't see instos chasing stock higher (in the short term) when they know it probably going to be available at 19cps.

What ya think Robbo?

Looks like Hardmans been reading Aristotle after all.

[ohmyme]

I think you will find David that the number of share holders would have jumped up dramatically yesterday judging from the number of tiny trades that went through.

Also the directors have made it very clear that they will be taking up any shortfall in the SPP. I am undecided on this SPP and whether its a good thing or not. Based on ISS's cash flow schedule though I am guessing that they must be at the mercy of the large companies billings cycles.

I think the next few days will be a testing period for ISS and whether holders think that the money will be put to good use. Either way though this is a very micro and short term view of where ISS is at. If you want a macro view of what ISS is about go the website and check out their products. In addition check out their clients. Shares like this dont gradually get re-rated, my guess is that when its time to go it will be very quick. Check out IPN as an example, they generally spike up quickly and then trend sideways for months.

Either way very exciting to be a holder of this company and I will definately be subscribing for my full SPP entitlement with no intention of selling any. If there is any evidence of director selling though in to this mild strength then I may re-consider my views. The reality though is the contrary with a director buying a fairly sizeable chunck ($40k) at prices above the SPP.

[robbo]

quote:Originally posted by David Hardman

Yeah but.. yeah but... yeah.

Wouldn't the instos just sit back and wait to see what happens with the SPP. Any shortfall and they can pickup a stack at 19cps.

The SPP is going to be dilutionary as well. They are trying to raise $2.1m cash. ISS only has a market cap of $14m

Latest annual report has 438 holders on the register. If EVERY holder takes up the full $5k allocation they will raise.... wait for it....$2.1m. Funny that!

The SPP discount is not that generous. I'd expect only 50% of holders to take it up. Leaves $1.1m for insto and directors to pickup.

With this in mind I can't see instos chasing stock higher (in the short term) when they know it probably going to be available at 19cps.

What ya think Robbo?

Looks like Hardmans been reading Aristotle after all.



HI Dave,

"Good Socratic Stuff .....[^][^]

My own thoughts is that if Directors take up $400K of say a hypothetical remaining 50% of the $2.1 Millions--( that leaves only $800K for the (1) V.C.'s, (2) "Sophistiocated I's, and (3) Small specialist Funds-- on a short from prospectus ---or about $266 for each group....!!

Bottom Line...??

This is very very very.... Small Beer.

To me the real point (wood from the trees)-- of the ISS, SPP is..... this...

What is the $2.1M specifically earmarked for .... [?][?]

Will it be EBITA and Net Profit accretive ??[?]

I would argue that this is a big "Yes"-- with a capital "Y".

...errrrr...... Why so Robbo ? [?]

Well what was/is the SPP (ISS) moneyies being Rasied .... for ... ?

Answer starts with "S" --or could be also re-stated with the three word acronymym version of: G.M.G.S....


Count to 60 seconds .... Dave, I know ..... that you would definitely already have guessed the answer ....;):)]

Did everyone else guess ze answer... ?? [?][:o)]

The Answer of Course is:

...>>> "S" -- for more --- "SALES".

and ...>> -- the acronym is: G.M.G.S. == Time to.....

..... continue to..... "Get More Global Sales."

Now the last just reported ISS Group ..>> Sales Revenue Increase<< .... in percentage terms was an excellent and impressive, increase in Sales Revenue of Upwards of: > 85% ....[^]

.. My hypothesis Dave, is that with their (ISS Group) Reference Sites and Govt Award and SPP Money earmarked for:

(1) more Global Sales and

(2) the New Sales & Marketing Recruitment and Appointments of the ISS Industry relevant, Experienced Industy specfic new Sales and Marketing Execs (see ASX announcments recently)-- that this Sales Revenue increase figure will be double that.

(3) Also do not forget scalability and Sales Traction and Momentum now already achieved.(also see ASX anouncments regards ISS Current Sales Pipe Line and the note on the Annual Report re non bookable Sales due to invoices already markd but in July...

-- all does now auger extremely well for a Bonza positive next ISS Grp half year imo-- [:p][:p]

But let us for now, just say ISS achieves only a ... approx Increase of:... 130% in Revenue Sales increase .... on the exisitng ISS excellent Sales Revenues already achieved and now reported .....

We then get about $18 millions....in ISS Revenues and Sales on the Top Line.

[OneUp]

Doing some "back of the beer coaster" calcs I reckon 80% growth in revenue this year, with about half that growth feeding through to the bottom line. i.e. $4.7m NPAT. PE of 15 and we get $70.5m market cap, or a 4-bagger.

[robbo]

Hi AA and One Up and all ISS watchers and Investors,

Very good and Insightful Comments, about Depth Manipulation …. AA.

“Depth Manipulation” -- imo "Depth Manipulation" happens a lot ... imo…...and is a disgraceful practice ..….

So then , Why does it probably happen:

….>>> This, Is the $$ 64 Dollar Question, I guess... ?? [?]


Is it the Big and Powerful, cynically trying to “scare away” and cause the innocent newer Investors, to have unnecessary “cold feet and sell” or not buy a Rational Bargain ….. largely….. is my own view……

One of the BIG things I like to do here at Sharetrader, is to enter some rational discussions to maybe contribute in a very small way, to people not needing “social proof” of the facile like “cocaine addiction”-- of …. “The Ticker Price” – and instead to get skilled up…


And consequently to be rationally able to Invest independently of the Depth manipulation by either Mr. Market generally—or by more contrived forces specifically….

To me, one our biggest challenges as Investors is to avoid being deceived and avoid Deception generally.

Deception can either be “self deception” or it can be becoming victim of an external deception which is visited upon us by the nasty and unscrupulous.

Maybe, because some brokers, on behalf of some Larger Buyers; try to be Scavengers, and "steal away" -- (say like a pack of hyenas or a large Jackal steals away a Cheetah's freshly gotten good lunch on the African prairie) -- what is the perfectly good and very very Undervalued Stocks in Great under valued Companies " from less sophisticated" and easily "spooked" smaller newer investors and stock holders….

Hopefully if anyone is feeling either apprehensive, worried, has cold feet, has irrational “cold sweats” at night about their stock holdings, or becomes Uneasy and Uncertain—they can at least jump on the keyboard and join this rather friendly Sharetrader Blog—and discuss these issues…and get back to what is True, Rational and closer to Reality and not to be spooked or conned into making rash or silly decisions…..

Currently there are silly games being played for example in the depth of ANG, It&e and ISS and RFG…. To name a few great Investments that comes to mind….

Happens all the time.

What I suspect some broker or three does; is to have a guy constantly watching xyz share—and keeps a largish order or five about two rungs below the traded price on the SELL side.

And people falsely interpret that..(Which is exactly what they want and desire) and people with less experience thus make irrational and illogical decisions.

Perhaps we at Sharetrader.com, ought to be more candid in saying when we can see this “artificial suppression”—happening.

Take the logic two steps further….

If I am a fund//larger Buyer; and want say b/w $750K and 1.25 Million invested in ISS, and have not got what I want in terms of %age invested –before some independent loose cannon; on some innocuous share chat site “calls xyz share”—as being a LIVE ONE”-- and as am excellent investment….

So Then: -- is that FUND and that Broker getting the shares for that fund; going….. to be now very happy ???

No Way.

They will be very “ pi*&ssed off”.

Why so Robbo … ??

Coz instead of them now only paying say: 18-19.5 cents for ISS on average for their $1 million dollars worth, or say 7.3 –to say 7.6 cents for ITE…. for their $1 million dollars worth of it@e or same again for ANG at say 37-39 cents—or RFG say at 78-80 cents instead of 92 cents etc etc….

Instead; …. >>> Guess what ??

They are now looking down the barrel of paying upwards…… of 40-50% More for that Very Same Stock….

Now they cannot charge in and BUY $1 Million plus worth of stock in a Small Cap under 20 millions…

They actualy have to …..…..“chip away at it”…...

So they obviously

[robbo]

ISS Group (ISS)

Hi AA,

No.

Although the ISS Group's (ISS) Chairman's Report was also worth re printing.(thanks). :)[:I]

AA, what I meant, was.... whether ... YOU..... could reproduce -- pages 8, 9 and 10, from the same Just Released, 2006 -- ISS Annual Report(2006) -- ..... as in your original Post from yesterday ...:)

I will re produce "just the words" from what I am after, here now just below, but I am UNABLE -- (unlike your good self !!-- [:I][:I] )...... to do the Charts and Pictures...... From pages 8,89 and 10 of the ISS 2006 Annual Report. (ie: from ....pages 8,9 and 10).

.... So AA, ...>> .. Are you able to do the Charts and Pictures (from pages 8,9 and 10 that goes with what I have re printed below... [?][?]??


************************************************** ************************************************** *************************************

-page 8- ISS GROUP LIMITED
DIRECTORS’ REPORT (Continued)

The receipt of this order is a very good indication of the reception we are receiving for our products from the North
American region. Upon completion of this project, the client will be an excellent reference site for the expansion of the
ISS/IE Joint Venture in North America.

ISS is currently reviewing the feasibility of opening a branch office in Houston and making the appointment of dedicated industry specialists to leverage this relationship and region.


Europe

ISS is in the early stages of building up its presence in the United Kingdom with the opening of its branch in
Southampton and the appointment of key industry specialists in the region.

Significant marketing effort has taken place over the past few months and as a result a number of tenders and proposals are in place. With the eastern European and African regions developing quickly in this sector, we expect the UK branch to become a positive contributor to group profitability in the new financial year.

Australia

On the domestic front, ISS has made a number of key appointments during the year with a view on enhancing our Marketing, Business Development and Strategic Account Capability.

ISS has a mature set of products and our focus has
moved to increasing our sales force to capitalise on our past product development.

In parallel ISS has invested heavily in increasing the quality of our products with the instigation of a dedicated test and delivery group. ISS has clearly seen the effect of this increased focus on marketing.


During the year ISS maintained its existing customer base and initiated some major projects throughout the year.


Highlights being the introduction of our new Managed Application service capability aimed at providing minor oil producers access to our product suite and support infrastructure on an annuity payment basis.

Also, after successfullydemonstrating the benefits of our products in a pilot project, a major Australian Iron Ore producer has implemented a corporate rollout of our BabelFish product .


Product Research and Development


On the product development front, ISS GROUP has maintained its significant investment in R&D. This financial year ISS
GROUP invested approximately $1.9M (2006: 24% of revenue) into product development.

Whilst there has been a reduction in R & D spend as a percentage of ISS Group revenue (2005 : 40%), the group has
spent significant funds on keeping ISS at the forefront of technology with the development of a geospat

[djones]

Back down to 20 cents, looks like the market agrees with your opinions about it heading back down to 19 cents.

Do these new 19 cent shares dilute my current shareholding at all?

[OneUp]

quote:Originally posted by djones
Do these new 19 cent shares dilute my current shareholding at all?


That depends on what action you take.

If you take up your full entitlement, $5000, then your % ownership of ISS will tick up.

If you do nothing you will be diluted, ofcourse, because about $2m of new shares are being issued in the SPP.

[robbo]

ISS Group (ISS)

I know it might sound very trivial ----

But it is also in this small ISS "cap raise situation"---sometimes.... ALSO; worth your while, to give.... a mere ten (10) seconds of your own detached thoughts --..also,

..... errrr .....

........ To the Actual Intrinsic Fantastic & Unique High Growth Global Business which is Your Investment in the ISS Group (ISS)... :)[:p]

The Facts are Very reassuring.

Both quantitively--(the profits and revenues)...

And Qualitatively-- (ie|: the massive potential scalability and High Barriers to Entry; in a globally High Demand Business with Blue Chip Oil, Gas and Large multi-national Blue Chip Mining Companies.....

An Idea if you are being a Worry Wart-- -- [?][?]

: Do read and .... THEN calmly.... re read ....my PREVIOUS posts regarding the established Facts about who are the ISS Group -- and what they actually have done; and what ISS now do -- [?][?]

...And -- currently, what they have ALREADY now achieved; and how significant is the opportunity they are at the CUSP of.....--and I am talking globally-- !! :)[:p]:)

Look at the Financial Results Again which ISS have now achieved.

Look at the increase in Net Profit with this Company (ISS) --both diluted for Depreciation and Undiluted [:p].... and ditto for the newly sucessfully won, ISS Tax free Government Grant (tax free)---for Innovation and Commercial Readiness.... [^][^]

.... >>>.... And EVEN more importantly --- repeat: more importantly -- do look out the Forward Glass of the ISS Space-Ship; rather than just the rear mirror.... and recall The actual Intrinsic Business, which is what ISS Group has got going here---;):)

....>>.. And also ... To calmly and detachedly, reflect on WHO the actual ISS Group (ISS) already signed up annuity Income ISS GROUP (ISS) CLIENTS are, and why those Large Global Multi-national Corps actually have now got on board WITH ISS .... ??[?]

And also; Why they (ISS) won the Govt Grant...??[?]

And also, What percentage their ( ISS ) Profits increased for both ISS's EBITA and NPAT, -- and What percentage their ( ISS ) Revenues did increase ..?? [?][?]

And also, just What percentage their ( ISS ) Dividends did increase ..??[?]

And,let alone the myriad of other very positive ISS GROUP (ISS) Revenue Increase (--imo, both current and immediate forward looking)-- Facts and strong Clues ..... that are now contained in the Publicly available -- ISS ANNUAL REPORT.... [:p]:)

Then again this is just another view ....;)

Or..... we can instead .... only... focus on the smallish cap raise....[}:)]

BTW guys.......

Question: Why was the money being raised...??? [?][?]

[b]Solid and Straight Ans

[Flying Goat]

quote:Originally posted by djones

Back down to 20 cents, looks like the market agrees with your opinions about it heading back down to 19 cents.

Do these new 19 cent shares dilute my current shareholding at all?


Although this company does seem to be o nthe verge of something here, do be aware that the quoted market cap is decieving due to the massive number of options outstanding, at SP 0.19 cents market cap is actually 21.9 million, not 11.8 million - due to the dillution of 31 million listed and 22 million unlisted security options...!

FG

[Flying Goat]

quote:Originally posted by absolut-advance

A.....Absolutely Flying goat good point thanks,
although me thinks ISS is heading towards a market cap of around 85 million by February 2007 IMO although thats my flying carpet guess of course ... so still a good investment at current prices I believe, if you miss..(arrrhhhh) theres always 2moro./ u will jst be a bit behind ... sadly ,,, ...

email for in-depth calculations should u need,

AA





I agree, even capped at 21 mill this company does appear to represent both growth and value, will remain on the watchlist, maybe even take the plunge soon, just not that liquid though is it? The other thing is that with costs associated with lots of programmers etc... this type of business is even more attractive as a takeover for other developers as they usually get synergies of scale and benefit of gaining access to BlueChip relationships etc..


Cheers
AFG

[mamos]

Correct me if I am wrong but I don't think there is any dilution as teh exercise price for the 31,083,333 Listed Options Expiring 30 September 2008 (ASX Code: ISSO) is 50c and the 22,266,667 Unlisted Options Expiring 30 September 2007 is 25c. So until the SP goes over at least 25c the market cap is still around $12m.

[Flying Goat]

quote:Originally posted by mamos

Correct me if I am wrong but I don't think there is any dilution as teh exercise price for the 31,083,333 Listed Options Expiring 30 September 2008 (ASX Code: ISSO) is 50c and the 22,266,667 Unlisted Options Expiring 30 September 2007 is 25c. So until the SP goes over at least 25c the market cap is still around $12m.


Yeah, I did notice that as well, and stand corrected... which is why I placed an order for 100,000 at 20 cents... to hopefully go through this morning. Indeed I was a couple of days late, but nevermind, still early days.

FG

[robbo]

ISS..Group (ISS)

Sorta nice to also know; that the (ISS Group ISS--) Directors have some "flesh in the game" -- AND a good healthy and realistic nice Target -- which when they achieve -- namely 50 cents share price for ISS -- for the (ISS Group ISS Stock Holders --)...it is Pay day ! - :)

All this simply means; that ... we all (ISS Group ISS--) Investors & Directors, )as stake-holders in ISS, win -- when ISS Directors hit their own self imposed 50 cents Option Strike Price. .... As the Goal & Performance Hurdle ..... [^][^][:p]

So really not long now ..... imo, and that will obviously be a

...>>> Super Big Time :) !!

... very nice.... high Capital Gain on a Stock which also has; a massively wide:

....>> Margin of Safety and Intrinsic Value -- to allow us to calmly sleep.... every night ... :)[|)][^] ...imo...

Kindest Regards,

Robbo :)

------------------- ends---------------------------------------------

[robbo]

ISS Group (ISS) --Intuitive Thought Line--

Just had a Pub Hammock Crownie inspired Friday arvo Robbo; "Thought Line"-- re: ISS Group (ISS) .....

Here it is.

(1) The Deadline for Shareholder Acceptances, to be eligible for the discounted $5000 of ISS shares; including eligibility to the Div, was Tuesday ..the 3rd of October....

(2) Today is Friday the 6th October, and Monday is the 9th of October.

(3) Thesis (a) A little voice "tells me" --that when the "Acceptances Date" plus T + 3 Clearance Working Days -- is safely past--to avoid any ambiguity-- ie: say to be sure, any time on or after Tuesday the 10th October, it would not be at all suprising to me, to see some "ISS Group Newsflow" -- start to appear....

(4) Thesis (b) is this: They (ISS) will 'wait to be clear of the 23rd for Acceptances', and then buy up the remainders, and then the annoucenments might begin to flow.

Personally I am leaning to: Thesis idea (a). -- But, must say, it is purely -- "intuitive".... :);)

Kindest Regards,

Robbo :)

[Flying Goat]

To all you guys and girls who are getting excited about this company...

I must say that, SO AM I!!!

Really seems like some sort of planetery alignment going on here, thanks to those who got this thread going, you managed to open enough oysters to find this little pearl... and Robbo you're a legend.

FG

[tommy]

I received the SPP letter today, shame we can only buy $5000. Offer closes 25 October, so we have plenty of time to apply:)

[robbo]

iss Group (ISS)

Yeah, spot on Flying Goat & co....[8D]

Once this little 'arbitrage play' --between the SPP and the market price is 'washed out of the system' --by the 23rd .... expect then; ISS to shortly really fly high, imo, immediately thereafter....

Any small spark or cinder..... such as the odd Contractural announcement, a biggish buyer, a Corporate Broker Presentation by ISS with some re asssuring Company Market Share & Revenue Growth Pie Charts, with appropriate Upward & Onwards Arrows.... clearly pointing in the North - Easterly direction, and the obligatory Colour Coded, ---'Good Progress Reports' --- and accompanying proportional Bar Graphs .... etc, etc...--

Anything vaguely re assuring re ISS-- will 'tip' this baby--is my feeling.....

-- And then Will easilly,

'Light this - Candle' --- on the ISS Rocket Booster .... (with Uncle Robbo & Maxie -- all astronaut suited up AND... On Board; & firmly strapped into the ISS Rocket Capsule ....)-- I can assure you ....[8D][}:)][:p]....

Just gotta hang around the ol 'Cape Canaveral' .... and swap 'war stories' -- stooge around, drink more Crownies, and snoooooze .... until some 'brain bird' -- finds the Cuban Cigar Lighter -- and then it's all systems go for ISS-- Launch Time ..... that is all.

Kindest Regards,

Robbo :)

[rotweiller]

Joined our cousins across the ditch and bought in yesterday - unfortunately too late for the SPP but excited about the prospects. Good to see they have a Kiwi director based in Singapore just to keep you lot on your toes.
Cheers,
Rotweiller

[rotweiller]

Joined our cousins across the ditch and bought in yesterday - unfortunately too late for the SPP but excited about the prospects. Good to see they have a Kiwi director based in Singapore just to keep you lot on your toes.
Cheers,
Rotweiller

[djones]

Just realised the SPP offer is due in 12 days, time to get myself sorted. I have filled out the form and notice this:

"Payments may only be made by cheque or bank draft in AU dollars and drawn out of an Australian branch of a financial institution"

Im in New Zealand so how can I possibly pay them?? Anyone from New Zealand done this yet?

[OneUp]

Get an $A bank draft from your bank. Will cost you 20 bucks.

[senor guacamole]

oneup is spot on djones.
i got in and got a bank draft from BNZ (15$), showed them those exact words and they assured me there would be no issues as it ends up being issued from NAB head office(melbourne branch). ANy of the big 4 bankswould be the same story as all Aussie owned.
what a deal!

[trader-jim]

I use National Bank online trading and I just had to say that I wanted the under the corporate action section. I presume they will transfer the money, although I havn't heard any more from them since

[mamos]

Should we have received the application form by now. Is it available online anywhere?

Cheers

[senor guacamole]

advanced share registry should be able to email/send you one.

[mamos]

Has everyone received their application form in the post?

Could someone please email me a copy to markdev2002@yahoo.com if they have an electronic version. I called advanced share registry but they have yet to send it to me.

Cheers

[djones]

At the current price levels what do you think is better to buy iss or ite??

[djones]

quote:Originally posted by senor guacamole

oneup is spot on djones.
i got in and got a bank draft from BNZ (15$), showed them those exact words and they assured me there would be no issues as it ends up being issued from NAB head office(melbourne branch). ANy of the big 4 bankswould be the same story as all Aussie owned.
what a deal!


Mine cost $25NZ from Westpac, amazing that with bank fees there can be such big differences in prices.

[robbo]

ISS Group (ISS)

Regarding Pub Stock up dates; on 'forecast dates' and 'Targeted Specific Share Prices-- for particular stocks; and so in this case; -- for (ISS) -- and other shares covered here at Share-Trader....(ASX Division)--

Have a had a lot of feedback via email-- and yes , am now getting more Hotmails and yahopo type messages-- (thanks AA for alerting me to that issue--!-[:I])--

- --Along the lines of...

"....Robbo, particularly appreciate it; when/if ---- you can actually give; Specific Stock Price Targets-- with attached ---- Time Line forecasts ..."....[:I]:)

So what it appears is needing to be on The Pub Menu, is the following:

ie:--imo-- 'xyz stock'-- is now 19 cents-- and, in my prediction; will be ... for example ....26 cents .. by the 'such and such' a date-- and in a further;
3-4 weeks --imo will at, 'such a such a levels'-- imo--discounted for probability and risk-- --and imo will be, "in this sort of specific share price range:-- again of course; only-- --imo--

Secondly-- it follows not to ....simply give my Share Price Predicition... and Time when it will achive that share price-- (brtoadly speaking)--.....

.....but it ....behoves me also, to give..... my hyothesis, reasons and the evidence and 'form of logic' --upon which ---I have come to this view .....

In other words, put simply... to state my clear reasons...

- A quick note-- sometimes I have formed a clear view on a share price target...but to publish my reasons-- for my judgement-- would take another 30 minutes to 45 minutes...and at home it is usually in rough note form--and so I need to edit it to make it vaguely intelligible...

For this above 'stated' reason -- sometimes--it will be between 2-3 hours up to a mximum of 12- hours and on the rarest of occassions 24 hours-- when I can publish the first set of reasons and the logica I ahve used to draw a conclusion... So why poublish the Price Target before that--

Coz I want you to have... the ' first crack at it'--before the window of opportunity might close --or becomes less profitable.

That plain, tranparent and simple really.


But rest assured, and those who know me...(here at Sharetrader) know this is true-- I WILL defintely publish a fuuly reasoned account; of exactly and comprehensively -- why-- I stated this partiular view-- (which could be at variance to the consensus market curent view)-- and when/if-- the share price arrives at the said fore-casted Pub destination---

.... Again... why ...or why not-- you I would (or would not)-- continue to ....hold ...buy more -- or sell ....which-ever the case may be-- which again, is... only in my own view and opinion.


Here we are then:-- ...for the ISS Group. (ASX code: ISS)


I said before,(on this thread)-- that ISS will be, imo, a 'early November story'....--

Actually, re calibrating ISS; I do....still broadly.... agree with that earlier forecast-- with one slight re-adjustment....

At these too low prices--imo for (ISS)--ie--19.5-22 cents--

I feel that it will be a week or so earlier than I previously felt......

ie: It will be this week-- (ending 27/10/06)-- will see ISS move to about-- 23.5 - 26.5 cents-- and then by end of November (next month)-- imo--- will be up a smidge over 31 cents-- or about 50 % from now..... by say 22nd to the 25th of November , (4-5 weeks time from today).

There are many specific ra

[djones]

Has started the climb already robbo which is good to see with many peoples SPP cheques in the mail :)

Currently at: $0.210 (+1.5)

[robbo]

(ISS) ISS Group.

Hi D.jones:),(davey jones locker [:o)]!)--

...>> ... Everytime I see your pseudonym, djones :)-- I think of that fabulous adventure Film, 'Pirates of the Carribean' -- And its sequel; 'Pirates of the Carribean--Dead Man's[8] Chest'-- starring Johhny Depp, [}:)][8D] and Davey Jones Locker-- at the Bottom of the Sea... !!

Re. The ISS share Price prediction.....djones...

Am now .... Typing up my "Reasonings"-- notes and intel.....& double checking the facts upon which it is based; ....as we speak...

So djones; ought to-- probably-- have it out by earlier this evening -- and worst-- before tommorrow morn !...

The more I model ISS -- djones, I come to the conclusion that imo-- ...

This Company (ISS) is one of those special & rare situations-- where there is a combination of:

Both-- an excellent Low Risk and High Return Potential investment & fortunately-- available right now.

The other main point that seems inescapable to me; re: (ISS) is that (ISS) is still on a intrinsic valuation basis: massively ---- 'under valued '-- and I mean that, on currentl/historical earnings as well as projected forward earnings... ..... --

As well,imo (ISS) has excellent evidence based --- strong internal organic growth characteristics--and laid out strategies to increase the Revenue Top Line-- which is addition to the with High Barrier To Entry qualities-- to match.... [:p]

So then djones; Even might--[?] have some parts of (ISS) research reasonings-- out by earlier this arvo--

Kindest Regards,

Robbo :)

DISCLAIMER
Views expressed in this email and/or internet correspondences, are my tentative thoughts and opinions only. These views are not to be read as being, or forming…. any form of a recommendation; of any sort whatsoever. Rather, they just simply personal opinions, and are NOT financial advice. Furthermore, these views are unwarranted and ought not to be read, as other than personal opinion and speculations, and are not warranted in any way whatsoever, either expressed or implied, for their accuracy, veracity, or likely predictive outcome. Furthermore, these comments are highly subjective and prejudiced by the writers own opinions and outlook. Therefore these views may be prone to errors, as they have not been checked by a third party, and are possibly incomplete and/or inaccurate. The opinions expressed here; are strictly on a “Without Prejudice” basis only. These personal subjective thoughts herein expressed, are only one view among many, and at best; are only the author’s whimsical thoughts, impressions, and intuitions. Obviously, as with all opinions, they are open to discussion and refutation, as well as consideration of other interpretations and review. For any investment decision, always do your own separate investigations and research, and always seek your own qualified and authorized third party independent financial advice.

Kindest Regards,

Robbo :)

[robbo]

ISS. ISS Group.

Hi guys,

Great to have this opportunity everyone; to get these few thoughts down ...re. ISS...-- with You all.....(here at Sharetrader --ASX Division) -- re ISS...

The increasing 'tension' between those in the market who perceive the intrinsic value-- and those who 'need'--to await the next pre-open pending the next:

BHP Billiton
Rio Tinto
Beach Petroleum
British Petroleum
Exxon
Oil Search
Woodside Petroleum
Shell Petroleum
Santos
Saudi Aramaco

New anounced 'Project' from a similar company to the list above; in the form of a form of Up Date from the Company---....

*** Remember they do not announce every new deal btw!!--;);)

This is a very important point we can sometimes overlook-- and this small oversight, will potentially-- 'cost us dearly'-- in the profits from ISS, imo, we can now make....

(2) And the dawning realization of the 'revenue overhang as announced last time,

(3) And the dawning realization of the non necessity to expense the R&D to the same provisional level in the December accounts..

(4) and the dawning realization that at the end of October ISS Group traditionally does do a Corporate Investor Presentation

(5) ** --and the 'intuitive thought-line' that New earnings accretive announcements; might be more likely than not; to follow the dead line this Wednesday--for the SPP--

(6)** and in relation to the SPP deadline-- we will have as of end of business tomorrow only ONE way rather than two; to subsequently buy shares in ISS--namely through the traditional bourse on the ASX-- rather than direct from ISS itself-- creating ipso facto more buyers on the bourse in and of itself--


(7) And underlined by the clear, imo-- under- valuedness--- --(from the Mathematics of the reported numbers-- profits--earnings-- $$$--- alone-- let alone' the ISS strong qualitative story)-- on the already declared excellent ISS Group (ISS)-- NPAT profitable earnings-- relative to the current ISS share/price and market cap for a small but successful software company punching, already-- 'far above its weight'-- .....

The recent Business History of ISS and the current situation, imo tells us that…..

…….>>>-- What we can now forming wit ISS is guys, in sum, imo -- a combination of Entrepreneurship,good Finance managaement polices, tangible benefits from Globalization,Innovation, proven Leadership in Management,superior deliverables proven with -- ISS’s Marketing Operations , Large Blue Chip clients[:p], a culture of Enterprise, Strong Net profits relative to co's size, a proven consistent capacity to .... 'do the deals'[^], proven execution of the previously laid out Strategy ahead of time… [^] And class leading high barrier to entry unique Software nice market (albeit a large market) -- ISS proprietary Technology .

This is will soon crystallize in the share price imo...

-----The ‘above’-- assesments.... are only of course; ‘some of the factors’, ..... to currently make me very confident of reaching the approx share price targets – that, I have indicated for ISS –and ditto, the timelines//milestones as discussed on the previous ISS post/s -- over the last few days on this ISS thread.

....>>>... I now do definitely rate ISS, as a very Strong Buy now at this time-- and assess; that those who invest in this High Margin of Safety intrinsic Value company-- when things are: on my assessment; exists now…. “a short window of opportunity” – while things are a bit quiet; will, imo-- be smiling :D:):)-- in between a day.... to a few days... to a max of a 2-3 week period ... from today....

Kindest Regards,

Robbo:)

DISCLAIMER
Views expressed in this email and/or internet correspondences, are my tentative thoughts and opinions only. These views are not t

[ONTHENOSE]

Just sent my SPP cheque via express post from melbourne... Prob wont get to there in time as the share registry is out of the CBD......... :(

[edison]

I bought my first batch of ISS today ..... Too bad I could not participate on the SPP.

Now from the announcement it seems those new ISS shares will be available for trade from 1 November. What are the chances I can pick up more at 19-20 cents? Robbo, you predicted that ISS will be 23-26 cents range at end of October/start of November. Wouldn't all these new shares be sold off at a quick profit? Is your prediction is based on the Corporate Investor Presentation potentially waking the big boys and girls?

[tommy]

Oops, totally forgot about the deadline[xx(] Looks like I missed da boat but have enough ISS so will wait and see what happens in November.

I expect ISS to get rerated as we approach the next year, unless some juicy news comes out before that. Happy holding;)

[tommy]

Announcement out:


25th October 2006

Expansion – North American Sales Office


ISS Group Limited is pleased to announce the opening of its North American sales office together with the key appointment of Mr. Abe Shasha as the Regional Business Development Executive.

Based in Houston Texas, Mr Shasha brings to ISS over 25 years experience in senior global technology sales roles specializing in the Oil & Gas Industries. Prior to joining ISS Group, Mr Shasha has been fundamental in many global software deals with major oil and gas companies.

Mr Shane Attwell, Managing Director of ISS Group commented, ”With an existing client base that already includes many of the world’s largest resources companies we view the expansion of the Business Development team into the North American region as a strategic and logical next step in the company’s global initiatives. This will also assist ISS in leveraging the successes from the Shell Canada project (refer ASX announcement 7 Aug 2006) to further develop our revenue growth strategy”.

About ISS Group:
ISS Group Ltd. listed on the ASX in 2004.
ISS was established in 1995 and is an information and technology company that develops and markets infrastructure, application and plant optimization software for the oil, gas and mineral processing industries. The company’s client base includes major oil/gas and minerals producers.
Visit the ISS Web site at http://www.issgroup.com.au for more information.
For further information, please contact:
Mr. Shane Attwell
Managing Director
ISS Group Ltd.
Ph. +61 08 9386 0800

[tommy]

Shell Canada is ISS's client.

http://www.smh.com.au/news/business/shell-one-step-closer-to-570b-bp-merger/2006/10/24/1161455720320.html

Shell one step closer to $570b BP merger

Terry Macalister
October 25, 2006


SHELL is at the centre of buyout moves and merger speculation after unveiling plans to spend $C7.7 billion ($9 billion) simplifying its North American business.

This was seen by some as a step towards a £230 billion ($570 billion) mega-merger with BP.

The Anglo-Dutch oil group has also had its name linked with Premier Oil, although most industry experts rule out Shell being the unnamed company in takeover talks with the exploration firm.

Shell said on Monday it would buy the 22 per cent it did not own in Shell Canada, which is independently managed. It is quoted on the Toronto stock exchange and heavily involved with oil sands production in Alberta.

"We think the interests of the Shell Canada minority shareholders are well served by accepting the cash offer we are proposing," said Jeroen van der Veer, Shell's chief executive.

A Shell spokeswoman said the deal would speed up decision making and integrate the business into the Shell group.

"It naturally follows from the successful unification of the wider Royal Dutch Shell company in 2005 to a group with one chief executive and one headquarters," she added.

Shell must still secure the support of its subsidiary's board and more than half of the outstanding shares being tendered, but few industry experts expect opposition.

Equity analysts said the move was "good housekeeping" and may be one that could more easily be achieved by Shell before any possible tie-up with BP.

Earlier this year Britain's biggest company acknowledged it had been looking at the idea of a merger as part of "scenario planning". The spokeswoman declined to discuss the possibility of mergers with BP or Premier Oil.

Recently Wall Street analysts have issued research notes on the benefits to both sides of a tie-up, although they accept there would be big regulatory hurdles.

"A Shell-BP merger would make a lot of sense and would allow [the BP chief executive Lord] John Browne to leave his company on a high note [in 2008]," said Fadel Gheit, an analyst with Oppenheimer & Co.

Mr Gheit issued a note last week saying Shell and BP could make annual savings of more than $US5 billion and significantly improve the new company's operating efficiency. This would help it compete with ExxonMobil.

BP's share price has risen by less than 6 per cent and Shell's less than 8 per cent this year while ExxonMobil's has soared by 24 per cent. Mr Gheit, unlike many of his fellow analysts, thinks regulatory clearance could be achieved without too many divestitures being demanded.

Premier Oil said Monday it had received a preliminary takeover offer, although it admitted talks were at an "extremely early stage".

Premier's shares rose 7 per cent but the group admitted "the proposal is subject to a number of conditions, including due diligence and financing".

The reference to financing ruled out, in many minds, any suggestion that a company as big as Shell was involved.

The Guardian

[Flying Goat]

quote:

Shell one step closer to $570b BP merger



Niiice...! You've got it love it when your REALLY big clients get even BIGGER :D

[underground]

just thinking that this could also be bad for ISS.. as companies merge for strategic advantages and so fourth.. so im assuming they will make changes to efficiency.. which means changes to existing systems and mechanisms in place.. which could see them switching to bp's software infrastructure and ditching their own?... just a thought..

[robbo]

(ISS) ISS Group.

Still firmly believe that ISS Group (ISS) --will be at the 26c - 28c cents range .....:)

by the end of this month ...[ October-06 ] --- (with a view that this prediction will be 24-48 hours 'tolerance'-- either side)....

Kindest Regards,

robbo:)

[wns]

I bought some of these last Thursday at 19.5c.
Happy to have a small % of my money invested here.

Typically maintenance revenue for software runs at about 18-20% of the price of the product. eg. sell the product for $10,000 and get $1,800-2,000 per year in maintenance revenue which entitles the customer to updates and support.

I don't buy into the "this stock will be up 30% in x number of days" thing, but see this stock as likely to increase nicely over the next year or so.

[djones]

Annual Report out today, I like it, parts of it look very good! Im a holder of both ITE and ISS but see ISS as having the best potential.

Good to see Singapore branch in profit so early on.

[djones]

Interesting there was only 403 holders of Ordinary Shares at the time the report was written!

Two of these combined own $57.96 worth of ISS. Lol

[robbo]

Hi djones,

like yourself--I like iss and ite equally-- but me other way around versus potential-- but reiterate BOTH are v.good.

It is only that Top Revenue line (for ISS) that I would like to see the needle move a significant tad... further north-- :)

Which I am sure will happen...;)

Kindest Regards,

Robbo :)

[tommy]

Here's da link to ISS annual report:

http://sa.iguana2.com/cache/bae5d132a833a14e79cdfe7c7385f7a0/ASX-ISS-339336.pdf


_____

Market and Industry Outlook

The market outlook for ISS GROUP products is very positive. With the high oil and resource prices globally, resource projects in oil, gas and minerals are at a high and the Company has seen a large increase in the number of new projects as well as expansion of existing plants.

With its expansion internationally, ISS is already achieving great success in its penetration of these global markets.

On the domestic front, ISS is well entrenched in the Australian market which alone is one of the world�fs most productive and diversified oil, gas and mineral regions. With an estimated total of A$18 billion in current projects in Western Australia alone, the industry sector continues to be buoyant and we see significant growth opportunities leveraging our proven relationships and capabilities across the region.


Conclusion
ISS is maintaining its key focus on supporting and further developing relationships with existing customers, which include some of the world�fs largest resources companies. In parallel, the Company is continuing to develop the infrastructure necessary to build a presence as a global player in the resources services sector.

With the company�fs growth initiatives currently in place, the directors are confident that ISS Group is well positioned to capitalise on the continuing strong industry economics to deliver ongoing growth over the medium term. It is important for shareholders to recognise that ISS Group products tend to be installed well into the resource cycle as projects come into production, or as resource pricing becomes weaker and economic efficiency becomes a greater focus. ISS
is ideally placed to benefit in the long term from the current boom conditions being experienced in the resources sector by providing both
services and software that create operational efficiencies.

[David Hardman]

quote:Originally posted by djones

Interesting there was only 403 holders of Ordinary Shares at the time the report was written!

Two of these combined own $57.96 worth of ISS. Lol



Yeah.. Very tightly held share register.

Options (ISSO) even tighter. Only 319 holders

I made a small punt and picked 200k options a few weeks ago at 1.8 cents

Got 23 months to run with a strike price of 50 cents.

[robbo]

ISS (ISS Group).

Good morning everyone,

Still think this is a very early -- November story... ;)...

Kindest Regards,

Robbo :)

[mark100]

ISS's 1st quarter operating cash flow was a healthy $1.086m after removing the contribution of the Commercial Ready Grant.

This compares with their last 4 quarters that were:

2006 1st -$353k
2006 2nd +$354k
2006 3rd +$12k
2006 4th -$234k

Maybe this is the start of a new trend

[senor guacamole]

the 1st quarter report looks pretty tasty, a real improvement (to my untrained eye) on the previous 2 x quarters...and strong operating conditions.
wish i had some more funds to place on board the november rocket to the international space station(ISS)!

[djones]

quote:Originally posted by mark100
Maybe this is the start of a new trend


The trend started the minute that announcement came out!! Went from 20.5c to 21.5.

I can see quite a few people that went into the SPP offloading for a quick profit tommorow even after this result.

[robbo]

(ISS) iss..

My predicition for ISS; still stands.... for 24 hours either side ...of tommorrow....;)

Kindest Regards,

Robbo :)

[Flying Goat]

G'dday Team

What a GREAT result out today, actually quite significant in my opinion, I mean you can hardly argue with cold hard cashflows now can you...:D

Good to see that it aroused some activity in trading too (for a change!) with 700,000 shares trading hands! Still, trading just above net asset value, and actual pe is below 9 (they quote eps as diluted, but the options included in the dilution have an exercise price well above current share price so when they are exercised they will be cash positive for positive for anyone currently holding or buying..! The diluted eps is still below 12, meanwhile, operationally these guys are going GANGBUSTERS, but none of that appears to be priced into ISS... YET!

Let us have a look:

At Australia

For example, post balance date Rio Tinto signed contract for all Pilbara Iron sites in a contract worth > AUD 1 million. My line of thinking is this: if Rio are already using the products at certain sites, why would they decide to roll it out over a whole lot more sites? Because: "actually, well we are using this product at some of our sites, AND IT WORKS, AND IS REALLY ADDING VALUE FOR OUR BUSINESS, AND PROVIDING AN ADEQUATE RETURN ON INVESTMENT, therefore lets role it out to some more of our sites...". I take this logic, combine it with what I know about the SIZE OF RIO, BHP, SHELL, ETC.... and figure that over they next ten years they could be rolling out ISS product and still not have covered all their different sites. Don't see that priced into ISS anywhere, do you?

Meanwhile, let us not forget two other FACTS in NORTH AMERICA.

Just signed up Shell in Canada, another deal > AUD 1 million, but once again that is small change compared with the value it is offering them as being a HIGHLY CREDIBLE REFERENCE POINT on the North American continent hence the recent OPENING NORTH AMERICAN OFFICE ANNOUNCEMENT. Can' think how that is factored into current low share price, can anyone?

In case anyone had forgotten, there is ASIA...

Where the Singapore office made a positive contribution to NPAT in its first year of operations, and management see SIGNIFICANT GROWTH opportunities in their pipeline to build on THE SMALL SUCCESSes THAT ARE ALREADY EVIDENT IN THIS REGION. As I understand much of the revenue from this area is product related, licenses for junior resource types...

MIDDLE EAST - still waiting for the outcome of the Suadi Aramco pilots.

If this eventuates, based on the size of the company and number of wells winning this contract alone would be enough to send ISS into the stratosphere... my intuition is that they have proposed something to Suadi Aramco and probably awaiting a response, or even negotiating something... (should just send them some wheat, eh ;) Never the less if te pilots at Suadi Aramco do not eventuate as anything much then the mere fact that over 200 BILLION is going to be spent on oil and gas projects in the region over the next 6 years is reason enough to suspect is sufficient activity in the region to cut into... Anybody see any of that potential "priced in" to the current ISS SP? Not me.

Haven't heard much from EUROPE... yet, BUT

Was very INTRIGUED by the comment "With 'eastern europe' (Flying Goat Edit: Read - RUSSIA) and African regions developing quickly in this sector, we expect the UK branch TO BECOME A POSITIVE CONTRIBUTOR TO GROUP PROFITABILITY IN THE NEXT FINANCIAL YEAR. My favourite part of that sentence is PROFITABILITY. Priced in? Nope.

Based on WHAT THIS COMPANY IS ACHIEVING, where they are headed, their tangible, feasible and probable future profitability outcomes (like say, NPAT of 3 million this financial year, that's my forecast [8D]), the denfensible nature of their earnings, etc, etc, I reckon we should be looking at pe of around 18 by now, at least. Not to mention the fact that we already know what the bulk of the fixed costs are, they are between 5 and 6 million, any revenue above and beyond that.... STRAAAAAAIIIGHT TO THE BOTTOM LINE, and into our pockets, or in Robbo's case, into the till a

[A J]

Hmm, something going on.

This morning there was ruffly 60,000 shares on the sell side v's 900,000 on the buy side. Then another look just then has 563,169 shares to sell, buy has increased to 1,046,860. Main point being the sell side, why does it drop then come up so suddenly? Is this maybe the manipulation your talking about rob with shares etc?

Hopefully some more movement today anyway.

Ciao
A J

[djones]

Could it be that people dont put there sell orders in until they see what all the buy prices are at the start of the day?

[BSA]

Market depth is an unreliable indicator at the best of times, many buy off the rack(are not sitting in queue)
Taking to much notice of depth can be a wealth hazard, as games are played and orders appear and disappear, some legit others not,...what will be will be.

Cheers

[robbo]

iss (ISS)...

HI bsa and (ISS) watchers....

Really did like, your post very much.... [^]

Agree 'absolutely and totally'-- with your insightful comments in your post bsa...

BSA, let me say that, I ... personally, never ever, ever...[}:)]-;) 'show my hand' ---with 'buy' or 'sell'.... orders... and...

When you think about it ..... detachedly and logically ---...

Why indeed, should .... 'I' -- or any other--- non stressed/non-forced -- buyer or seller' -- ever ever [?][?]... want to give an advantage in the market-- by showing their hand--[?][}:)]-- in the form of a 'sell/buy intention'-- ?[?]...?? [?]!!

Agree also with you BSA, that, 'Depth' -- imo is --totally meaningless.... a bad guide and most unreliable !

Also BSA, I did LIKE very much.... that last excellent (ISS) quarterly report from yesteday.....[^]:)[^]

All very Good and ON Track....imo for (ISS) !! :)[^]

BSA, sure your also liked Some of those nice (ISS) quarterly $$$$ Numbers, .... do imo--- tell a compelling component, imo, of the (ISS)--'good story' .....

Nothing more .... and.... Nothing less....:)

Kindest Regards,

robbo:)

[BSA]

Huh? me insightful, how the hell did that happen? :D
Yes liked the quarterly Robbo.
ISS is a bit of a sleepy pup, but with so few shares on issue when buyers outstrip sellers it should run nicely.

Cheers

[evedder]

A nice quarterly. Like every one is saying it cant be long before a run happens. For me ISS has moved on from a good potential to actual now producing some positive results. People will cotton on to this soon.

Even with current and recently signed contracts they will continue to produce increasing positive results. Hopefully they sign some big new contracts....

[rotweiller]

Good photo of Management in the Annual Report.
The clean looks inspire confidence in doing the job.
Cheers,
Rotweiller

[underground]

i wouldnt just go on looks alone.. =)

the sell side looked sooo empty i put some of mine up at 50c just for fun... well hey.. who knows.. =)

[Flying Goat]

quote:Originally posted by OneUp

Keep in mind a good deal of those cashflows have come from a reduction in accounts receivable. (Remember we had a profit of $1.4m for FY06 and no cash - now the cash has come through).

Nonetheless a pleasing performance.



Hi OneUp

Never the less, Accounts Recievable was 2.5 million at 30 June 06, however reciepts from customers were 3.1 million for September Quarter, thus new customer cash receipts have already contributed around $600,000 already. Share price and volumes starting to get going... looks like this could be the break out....!! :D

FG

[Flying Goat]

quote:Originally posted by davidrob

(ISS) iss..

My predicition for ISS; still stands.... for 24 hours either side ...of tommorrow....;)

Kindest Regards,

Robbo :)




OMG - Well done mate, just checked the market and see no sellers below 26 cents...!!!! [:p] Hope everyone is strapped in :D

Cheers
FG

[tommy]

Breakout!

Up 18%[:p][:p][:p][:p][:p]

http://bigcharts.marketwatch.com/interchart/interchart.asp?symb=AU%3Aiss&draw.x=0&draw.y=0

[edison]

I just bought a whole bunch of ISS just then (first bought them at 20 earlier ) .... Wiping out 25.5 and some 26 cents sell orders. Now everybody is panicking because they thought they could get it cheaper still ..... Not any more!

Since the sell depth is so shallow it is better off do one big buy to wipe them off so everyone else have to chase for it!

Well done Robbo and evedder!

[djones]

When do the shares from the SPP come into play?

[underground]

i reckon my 50c ask price woke up the market =)

[A J]

In theory the SPP shares should be viable from today, the holding statements once again "in theory" were dispatched yesterday so confirmations of your shares having gone through should be in the next couple of days via mail?

A good day indeed!

Ciao
AJ

[edison]

AA,

It is very good to see ISS has so few shares available especially a lot of them got tied up. Also most ISS share holders are investors and not traders so I don't expect the stock to be volatile . Just hope there won't be too many sellers of those SPP shares. But with possible quick profit it can happen.

[robbo]

ISS..

bingo... [:I][:I][:I]

Hi FG,

errrr..... [:I][:I]-- Thanks FG ...

Nice to get both --the PRICE--- and the Time/Date-- almost 'spot on' -- it is normally not quite THAT accurate-- normally 2-3-5 sorta days, 'either side'

Of course if the data input assumptions; are right; and....-- IF you are right in the prediction range....fromk the original hypothesis .....

***
(1) In case you were all wondering;[?]-;)- --had calibated the (ISS)-- prediction.... mainly on the pending quarterly projections....--- And the ending of the SPP inflection --together ....with the fact.... that the Price/Value convergence; for ISS- ought to move before... mid November-- on balance of probabilities-- .....

(2) Then next; I ran,... some probability models--diff permutations and combinations ....based on varous scanarios... and came up with 24-48 hours on either side of 31 Ooctober/1 November range--- at the sorta (ISS) price range which; we are now seeing demostated in the market, in this first instance....

..>>-- What is even nicer to see imo though,

Is that many other Sharetraders, her at ST Oz division; are ALSO really getting the financial benefits .....:)

Hope as many of you as possible picked up this (ISS) prediction... I also gave a reminder a few days ago--as it was first made on 26/10/06-- and I reaffirmed(the predictio)-- it 48 hours or so ago ....:)

It is frankly this aspect FG; which.... is the pleasing thing imo ....

Kindest Regards,

Robbo :)

-------------------------------------------------------------------


quote:Originally posted by Flying Goat


quote:Originally posted by davidrob

(ISS) iss..

My predicition for ISS; still stands.... for 24 hours either side ...of tommorrow....;)

Kindest Regards,

Robbo :)




OMG - Well done mate, just checked the market and see no sellers below 26 cents...!!!! [:p] Hope everyone is strapped in :D

Cheers
FG

[tommy]

What a day, still wetting my pants after the rise today:D

I wonder when the Saudi Aramco trial results are due to be released? Just wondering whether today's hike is solely due to the release of first quarter results...

[robbo]

iss...

so do i get my crownies ....or what... tommy?--:);)

robbo:)

[tommy]

quote:Originally posted by davidrob

iss...

so do i get my crownies ....or what... tommy?--:);)

robbo:)


Hi robbo,

You better start emptying the pub's fridge quickly because there will be heaps of crownies on their way from posters on this thread, including myself:)

Keep up da good work mate[8D]

PS What is your next price target for ISS?

[robbo]

ISS

Gee glad you found the price targets helpful....[?][:0]

On ze one hand.... I get quite a few emails re:

(1) Robbo, some idea of price targets would be nice;

And then when we hit said targets... ... that.... apart from Flying Goat,.... no one seems to notice [:I]-- that we actually precisely HIT-- the Price & Time--Target-- :(:(..and actually-- got there on time....:(:(:(--- errrrr... hello--!!--- guys.... this is not as easy as everyone might think!! [:I][:I]

-- So question is,[?] do folk get value from this...[?][?]--- other wise .....might as well, just leave the Price/Time-Line-- predictions .... errrr....back here at The Pub.... [?]:(

(2) The other issue I was getting feedback on; is whether.... it is best... or ....should 'hold' or 'buy' etc-- my own big thing is to remain very very RESOLUTE--and detached and logical and refuse to fall prey to irrational fears..... and remind folk ....that with the super high quality investments; -- to HOLD..... and not [}:)] to flip arond the pikelets....and not be silly, and not to .... sorta.... chase the rabbits...

btw...Tommy-- did you notice; I have also, now calibrated a up dated price target for ITE a well... (we hit the (ITE) October mark)-- but have revised again...??

Re. the next (ISS) target... would not suprise if we get a temp pull back; but there will be obviously a new Higher support level-....

-I....N terms of the next new 'secular high' as it were...and time-line-- that will take some more calibrating and reserch... I try to indicate the PROCESS of this two or so posts ago.... it is quite involved.....

And will also need to see.... what/whether[?][?]--- there is still [?]....the S/Trader .... desire and/or demand for it.....[?]

Maybe I will back off the psots for a about 2-3 weeks now, let everyone have a go...

.....and come back in very late November.... after a bit of a rest...

Regards,

Robbo :)

[ONTHENOSE]

Top work Robbo..

Right on target.. Couldnt beleive my eyes when i got the COMSEC ALERT....[:p]:D



Your right Tommy, i think Robbo might even need to buy a bigger fridge to fit all the Crownies, Doughnuts and Mars bars....[8D]

[A J]

Definatley noted Robbo :) One sometimes forgets that even though one looks at this and many pages on ST alot, other people don't have a clue if one doesn't post anything! [:I]

Agreed re depth discussion, I have noted it as a ruff indicator of where things are going at times though. Would'nt totally discount it but point noted.

Agreed there may be a little bit of a pullback for now, but on the whole things looking good.

Ciao
Aaron

[rotweiller]

There you go - I told you it was the Management good looks.
Actually I would gladly lead the charge for Robbo to join the group - right next door to that handsome Kiwi - but only if Robbo is good looking and by all the comments about his foray into the fridge I somehow doubt he would meet the criteria. Who knows???
Cheers,
Rotweiller

[senor guacamole]

hey rotty, you are damned right. they are dressed to impress. ill second you on robbos joining, they got the glasses out on the desk to help and look eagerly out of the picture keen to crack into a few of his rapidly accumulating cold crownies...

your accuracy on the price target and timing was awesomely accurate.. noted and appreciated robbo....keep it up fella

[steve fleming]

quote:Originally posted by edison

I just bought a whole bunch of ISS just then (first bought them at 20 earlier ) .... Wiping out 25.5 and some 26 cents sell orders. Now everybody is panicking because they thought they could get it cheaper still ..... Not any more!

Since the sell depth is so shallow it is better off do one big buy to wipe them off so everyone else have to chase for it!

Well done Robbo and evedder!


Bought some today as well Edison....the quarterly was impressive (although as one-up noted, some of the cash was 2006's profit)...still cash is cash and a very credible result indeed...putting some pretty decent runs on the board are ISS

[Flying Goat]

quote:Originally posted by davidrob

iss...

so do i get my crownies ....or what... tommy?--:);)

robbo:)


Robbo mate,

just tell us where to send the crownies, and two disclosures from FG


Cheers


Disclosure:

Am actually a lot heavier on ISS than ITE, have been buying between 20 and 21 over last couple of weeks. Am a lot less vocal on this thread though because its fundamental qualities are, just so clear....;)


I think we can expect to see a whole lot more upward movement in the next 12 months... based on FY06/07 NPAT of AUD 3 million and by then the deserved pe ratio of 18, we should be looking for a market cap of AUD 54 million, minimum this time next year. So 3 bagger, maybe 4? What are others thoughts??

Cheers
Flying Goat

[Flying Goat]

quote:Originally posted by evedder

A nice quarterly. Like every one is saying it cant be long before a run happens. For me ISS has moved on from a good potential to actual now producing some positive results. People will cotton on to this soon.

Even with current and recently signed contracts they will continue to produce increasing positive results. Hopefully they sign some big new contracts....


Hi evedder

Good on you man, what is your beverage of choice, and where shall we send them...???:D

Cheers
Flying Goat

[underground]

cheers evedder for putting this in the limelight..

but yeah i must admit.. robbo's dare i say it... "sexy" posts were the main reason i researched both ISS & IT&e... [:I]

im still a student so hopefully these gains will help me get rid of my student debt.. thanks for doing "our society" a favour =)

Just say what, and when !

[steve fleming]

quote:Originally posted by Flying Goat
Share price and volumes starting to get going... looks like this could be the break out....!! :D

FG




Yep!...today was ISS's 2nd biggest trading day by both volume and turnover since listing...biggest trading day for over a year...certainly on a few more radars now!

[gjc]

quote:And will also need to see.... what/whether--- there is still ....the S/Trader .... desire and/or demand for it.....

Maybe I will back off the psots for a about 2-3 weeks now, let everyone have a go...

.....and come back in very late November.... after a bit of a rest...

Regards,

Robbo



Robbo, mate, please do not be under any misconception that your posts, picks and predictions are not GREATLY appreciated by all here at ST.:) Please, please, please do not lose the great drive, energy, good spirit and passion you have shown us here on many, many threads over the past many years. The desire and demand for your posts here on ST is strong, and getting stronger, so please keep it up - PLEASE!!:D

I work long hours and travel a lot, and so don't get the chance to sit in front of the computer for long periods during market hours to sweat over my investments. So I tend to try to seek out value investments in companies that have solid foundations affording them a relatively low risk profile compared to their potential for future growth, that are currently under-valued by the market, that I can buy, stick in the bottom drawer and just keep a weather eye on as often as my schedule allows. I am definitely a "buy and hold" kind of guy.

This is a strategy that sounds great on paper, but is VERY hard to get right in practice. Seeking out those safe, under-valued companies with good future growth potential is a challenging task. Yet it is something you do INCREDIBLY well![:0] I have sort advice and assistance from many quarters over the years in my search for these special sort of companies, with patchy results at best from that third party assistance.:(

Then, one day a couple of years ago when trawling the net for some info on one of my all time favourite investments (OXR) I stumbled across ShareTrader. I was immediately impressed with the site. It is EASILY the best ASX sharemarket discussion site on the net - bar none![8D]

In time, as I waded through the astounding number of threads on ST, I began to become aware of your energetic presence on the site. Unfortunately, it was not until later that I realised just how well your stock picks fitted in with my investing philosophy and just how well picks performed. Eventually I started to follow your picks and advice, and consequently my portfolio is growing very nicely, thank you very much![:I] I just am kicking myself that I did not get on board with your picks sooner.:(

So, Robbo, thank you very much for your efforts over the past years and thank you very much for helping to grow my wealth whilst also letting me get on with my life during the day and sleeping well at night!;)

By all means please do take a well deserved break, as no one could deny that you certainly have earned it, but PLEASE, PLEASE, PLEASE make sure that you come back to ST some time soon fully refreshed and recharged and ready to continue your great work.[:p]

And as for the Crownies, mars bars, donuts, or whatever else the coin of the Pub realm might be at the moment, in terms of a well earned payment for your sound investment advice, please just let me know The Pub's preferred delivery method and address and I'll get them to you next day. Seriously! Can't thank you enough, please keep it up!:)

Kind regards, GJC.

[evedder]

Flying Goat - Thanks for that but dont worry about the beers. I am just happy to take the profits and continue watching ISS...

I believe Robbo and I have similar thoughts and how we analysis shares. However the difference lies in how we us this forum. I dont like the tall pop syndome that happens - my posts are few and keep my analysis to myself. Robbo puts it out there. Full credit to Robbo and he deserves the crownies more....

[djones]

quote:Originally posted by A J

In theory the SPP shares should be viable from today, the holding statements once again "in theory" were dispatched yesterday so confirmations of your shares having gone through should be in the next couple of days via mail?

A good day indeed!

Ciao
AJ


Would of expected some sort of announcement regarding the SPP and how many took up the offer etc.

[OneUp]

Like AA reported, they kept it open to allow stragglers to get their money in.

It's being finalised as we speak.

[wns]

quote:Originally posted by wns

I bought some of these last Thursday at 19.5c.
Happy to have a small % of my money invested here.

I don't buy into the "this stock will be up 30% in x number of days" thing, but see this stock as likely to increase nicely over the next year or so.


Robbo, I hope you didn’t take offence at my comment (above).

Thought I should make it clear that I wasn’t having a go at you, it was more a comment on the way I invest – buying because I see value in the medium-long term rather than a quick gain (days, weeks).

Mind you, a quick rise after I’ve purchased is always nice – like what has happened with ISS!!!!

I am impressed at how accurate your prediction turned out!! :)

Thanks evedder, Robbo etc for bringing ISS to my attention.

[Bobbyvee]

So what is the considered opinion of the sell side of the market this morning. Single 100,000 sellers at 29,30,31,32 and 35 cents. Take them out and the sell side is quite thin.

[Snow Leopard]

quote:Originally posted by Bobbyvee

So what is the considered opinion of the sell side of the market this morning. Single 100,000 sellers at 29,30,31,32 and 35 cents. Take them out and the sell side is quite thin.

Sure and take all the buyers out and the buy side is non-existent [:o)]

[Bobbyvee]

Well Paper Tiger - as I see it there has been a considerable change in the sell side pattern of this stock over the past 24/48 hours. Significant, manipulative or nothing important, I am not sure - just wondered.

[Lizard]

The 100k offers do appear to be coming from a single source imo. I draw no conclusions except that there might be little liquidity in this stock without them.

[djones]

quote:Originally posted by Lizard

The 100k offers do appear to be coming from a single source imo. I draw no conclusions except that there might be little liquidity in this stock without them.


Are you referring to the sell side or buy side?

[ONTHENOSE]

Has anyone been allocated there shares from the SPP????


Mike

[tommy]

http://sa.iguana2.com/cache/f16a0f622b993f02eb3418dfe8835b72/ASX-ISS-341285.pdf

Share Purchase Plan Results


In relation to the Share Purchase Plan, dated 4th October 2006, the Company announces as follows:-

Total shares available under the plan 11,100,000
Total share applications received 2,910,296
Shortfall 8,189,704

As previously announced to the ASX on 28 September 2006 and 4 October 2006 the Shortfall will be allocated at the discretion of the Directors of the Company in accordance with a Short Form Prospectus
dated 8 November 2006 which has been lodged with ASIC today.

Further to the Company’s plan to issue the shortfall shares, the Company is aware that a number of existing ISS shareholders have directly expressed interest in participating in the shortfall given the increase in the company’s share price. Accordingly, the board has determined that existing shareholders should be given an opportunity to participate in the issue. Shareholders can therefore download the
short form prospectus from the Company’s website and apply for shares on the application form or can contact the Company Secretary, Mr Stuart Usher for a copy of the prospectus. The director’s may, in
their absolute discretion, scale back all applications in the event of over-subscription.

If you would like to download a prospectus, the web address is www.issgroup.com.au. Alternatively please contact Mr Stuart Usher on 08 9389 5933 to have a prospectus mailed to you.

Applications must be received by the company no later than Friday 17 November 2006 for non-firm
applications.

Yours truly,
Shane Attwell
Managing Director
ISS Group Limite

[steve fleming]

wow...what a surprising low take up on the SPP!!

I, for sure ,will be applying for some of the shortfall shares.

[David Hardman]

quote:Originally posted by steve fleming

wow...what a surprising low take up on the SPP!!

I, for sure ,will be applying for some of the shortfall shares.


Interesting....

Will the shares available under the short form prospectus be "cum div"
like the SPP was.

The announcement does not specify this.

I don't think it does as ISS goes ex div on the 10th Nov.

[steve fleming]

quote:Originally posted by David Hardman


quote:Originally posted by steve fleming

wow...what a surprising low take up on the SPP!!

I, for sure ,will be applying for some of the shortfall shares.


Interesting....

Will the shares available under the short form prospectus be "cum div"
like the SPP was.

The announcement does not specify this.

I don't think it does as ISS goes ex div on the 10th Nov.




Yeah, looks like ex div...but still great opportunity to pick up a decent sized parcel, with no brokerage, at substantial discount to market price....cheers

[djones]

quote:Originally posted by steve fleming


quote:Originally posted by David Hardman


quote:Originally posted by steve fleming

wow...what a surprising low take up on the SPP!!

I, for sure ,will be applying for some of the shortfall shares.


Interesting....

Will the shares available under the short form prospectus be "cum div"
like the SPP was.

The announcement does not specify this.

I don't think it does as ISS goes ex div on the 10th Nov.




Yeah, looks like ex div...but still great opportunity to pick up a decent sized parcel, with no brokerage, at substantial discount to market price....cheers


When the new shares are on the market not sure if they will be at much of a discount to market price..

[robbo]

ISS Group. (ISS)

An idea....possible clue....

When do applications have to be in for the further ISS allocations for the ISS 'shortfall Prospectus Issue'...?

The answer -we know-- but it is possibly, imo, related ....to the issue arising from questions below:

And possibly, imo, 'join the dots' to this question, ...with answers to the following:-- ....

-How much money is outstanding to make up difference ?

-How may this effect motivations of the vendor?

--What could vendor do; (quite legitimately)--that she/he may not be doing 'to date'-- to encourage take-up of outstanding allocation...?

- Side note-- If you need immediate liquidity, what might happen to ordinary traded (ISS) shares, for next 10 days to 2 weeks or so ...?

...Why..." -- Clue: Is there a possible arbitrage...?

Final possible shortish term 'fly in ointment'...--to consider...imo... is this: What might-?[?]? preclude and posibly prevent larger players..so far being attracted to (ISS) stock....??...

Clue

--Just some 'food for thought' guys--...

Kindest Regards,

Robbo :)

[senor guacamole]

im also surpised more were not taken up. i know i went for the max. im trying to follow your rather cryptic clue robbo but its something i find ratehr diffuclt.
-8.2 million shares would be about 1.8 million $..a lot of money outstanding.
-they may be surprised, nervous and desperate for cash( although i cant fully remember what they wanted it for)
-they may have good news that they have not released. releasing it would certainly encourage uptake of the remainder. hope so!
-the only thing i can think of preventing smaller players is the small size of ISS (and in the last SPP the max 5000$ limit. i presume that limit doenst apply on the new one)

thats my simplistic veiw of things.... get the feeling im missing something here. if someone wiser can fill in the gaps please do so....

[edison]

Have to say that I sold all my holdings yesterday to take profit (I bought some at 20 and 26 cents earlier) because the buy side looked thin.

Suprised by the announcement overnight and my 20c order got hit so quickly (unexpected). Now I look forward to buying ISS at 19 cents, and it seems no limit of how much we can buy. Looks like ISS won't go anywhere for the next 3 weeks.

[tommy]

quote:Originally posted by edison

Looks like ISS won't go anywhere for the next 3 weeks.


Unless there is an announcement that makes ISS look more attractive (fingers crossed!)

[Flying Goat]

quote:Originally posted by senor guacamole


-they may be surprised, nervous and desperate for cash( although i cant fully remember what they wanted it for)



Hi SG

Download the SPP prospectus from their website and there is an outline of what they intend on spending the cash on, in a nutshell growing the global sales pipeline. I doubt whether they are desperate for cash judging by the latest quarterly cash flow statement, and keeping in mind the first quarter 07 net cash inflow of 1.2 million did not include money from the AU govt, also keep in mind the DRP which i expect many shareholders (like myself, who hate paying tax twice and have confidence in the medium/long term for ISS) will participate in.

Cheers
FG

[Flying Goat]

quote:Originally posted by tommy

[quote]Originally posted by edison

Looks like ISS won't go anywhere for the next 3 weeks.


Unless there is an announcement that makes ISS look more attractive (fingers crossed!)



I was super happy today about share price retreating to 20 cents and the extension of the SPP offer, and was definitely in buy mode, infact took advantage of good performance on the nzx and off loaded a few more of the old faithfuls to get further into ISS, will also take up the SPP for sure. The way i say it is that the issues putting temporary downward pressue on the share price are no more than administrative type issues, the fundamentals, in my opinion, esp after the latest quarterly, have never been better and i would be very surprised if we, current shareholders did not AT LEAST double our the value in the next 18 months.

Cheers
FG

PS Am thinking of calling up some ops managers in companies using the product, ask nicely if I could take a few moments of time to let uis know how they are finding the product, how it measured against that of compeitors, etc. Also might get the view of salepeople of competitor products to try and fill out the picture a bit more.. just seems that they are having a welcome recption by the industry... has anyone else done this for ISS yet? If so i would really appreciate yr views.

[robbo]

iss..

firstly, like you all--I do like the ISS story and the NUMBERS.


However, imo......... Guys,.... just be a bit careful.... how some larger and more 'sophisticated investors'.... might 'read' this low 'take up' percentage on the SPP.

What I mean is this....

At this low level of market cap-- Buying Pressure from those that COUNT-- and from those that can re rate the share price sustainably-- -- (who are one and the same)--

they 'buy' their view of the Jockeys and not just the Horse.

They may not LIKE what they are now seeing.....

It might be seen (by the folk I have just described above)-- as ....a 'black mark' ....on ISS management's copy book.... to put it bluntly....

And they WILL (possibly--and here is The Judgemnt Call)-- .... unfortuantely posibly, infer and extrapolate from it -- other 'meanings'.... is at least the down side risk ehre...

Result-- ??--

You could end up holding your ISS scrip for a lot longer than you wanted to.... in the first place....

If you want me to 'flesh out in more detail' how a microcap fund manager 'might'--??-- interpret this-- or a 'Thorney Group style ' semi styled Venture Cap'-- Investment Consortium-- then please let me know ... via this thread...

I tried to gently .....give some clues ...earlier today...

It is ALL about.... the risk now, as a ISS investor you now may face, (due to the (ISS) SPP .... and how it was poorly (allegedly--?)-- handled and the Fact of the very 'poor take up'...--which sends its own mesage... and the relation of this to the paid out dividends due... and consequent worries re CASH FlOW issues....)-- as regards larger potential ISS share scrip BUYERS-- beingnow put off, due to.... possible poor perception.... of ISS management's capability, competency and business smarts ..... (ie: the X factor if you like)-- and that perception of ISS Management re how this has been handled .... may not... auger well unfortunately ... as a possibility....

... What do I mean more exactly ...?

Re: How they(ISS management)-- and whether they(ISS mgt) can ...... 'execute' -- this to ivestors is criticlly important in many investor judgement decisions... at this level... and in cases like ISS as a company-- ... and are they reliably able to actually consistently ....'do the business' ....and ....'do the deals' ....and be 'business like' ....and ...'commercially successful'....????... This is the question mark...???...

-- Remember, like you all -- I do like the ISS story and the NUMBERS.

But what I think ....is 'in the macro sense', totally irrelevant.

Eventually the numbers will speak the story-- but that is the querry--whether they are handling the commercial side competently...and it is only 'a question' - - not a judgement; just a warning....

And frankly; I hope this possiblility I moot; IS wrong; as it is potentialy a company with great potential...

But the poor and very low 'take up on the share' allocation(in a market when there is a lot of money allegedly around for good deals)-- is now there.

And we do need to rationally interpret, and deal with that.

Kind Regards,

Robbo :)

[David Hardman]

I did think it was odd them attempting to raise $2.1m and limit each shareholder to $5k worth of stock. With only a modest shareholder base (around 450) it basically meant all holders had to take up their full entitlement. This was never going to happen.

Looks like only around 25% of them did.

One could be cynically and say they directors planned for the large shortfall which would allow them to pickup shares themselves (which they said they would) at a discount to the market.

Hardman

[robbo]

ISS Group. (ISS)

*** Now Found that quote from the ISS directors.... and have attached it to my last post... here...totally unedited...

... see below ...

Yes, yes yes David...

And guess what...??...:(


They have basically reneged on that clear commitment in writing;(to buy any of the outsanding ahares--from the SPP shortfall--).... it could be... imo... at the least ... be fairly now interpreted...

Here is the unedited paragraph Irefer to, dated from the ISS --ASX- annoucement-- on 4/10/06.

from ASX (ISS) announcement...--dated-- 4/10/06--)...

Here it is:

... " In the event.... that not all Shares are subscribed for.... under the SPP, the Director’s have indicated ....that they intend to place some or all of the shortfall shares at the same price as the SPP.

The Directors have all indicated that they wish to participate in ..... the placement of any shortfall Shares.

Accordingly, the Company will convene a General Meeting of shareholders to facilitate the Directors’ participation in the placement of shortfall SPP shares (if any). ...."

-------------Official ASX published ISS quote ends -------------

...And also see my comments in my previous post...

'tis a bit of a worry, imo.... now...

Kindest Regards,

Robbo :)
drrobo@bigpond.net.au

DISCLAIMER.
Views expressed in this opinion expressed on Sharetrader, as above are explicitly unwarranted, and expressed on a strictly: ‘Without Prejudice’ basis.. These views are only personal opinions and speculations, are not warranted, in any way whatsoever, either expressed or implied, for their accuracy or veracity. These opinions & correspondences, expressed in this email and/or on this internet site are only the writer’s tentative thoughts and opinions only. They are, nothing more than that. These views are not…. (Repeat: ‘not’ …)…to be read as being, or even forming any form whatsoever of investment recommendation, general or specific. Instead, they are just simply personal ideas and opinions, and to repeat, are NOT to be read or interpreted as financial advice. These expressed opinions written here, are not warranted in any way whatsoever, either expressed or implied, for their, authenticity, or likely predictive outcome. Therefore, these comments are highly subjective and prejudiced by the writers own opinions, perceptions and outlook. As a result, these views may be prone to errors, as they are not official in any way, have not been checked by an authorized third party, and are possibly incomplete, ill informed and/or inaccurate. With this in mind, the author reminds readers that these opinions expressed here; are strictly on a “Without Prejudice” basis only. Remember readers, to read these opinions as just one of many expressed personal subjective thoughts and ideas, in the ‘common market-place of ideas’—and are only that. Readers must recognize that, as they are only one possible viewpoint among many, and therefore they are at best; only the author’s own highly subjective whimsical thoughts, impressions, and intuitions. You therefore ought not to rely upon these views for any form of advice or counsel. Instead, you are responsible for your own decisions. Readers must also note that, as with all expressed opinions, they are definitely open to discussion and refutation, as well as logical weighing and consideration of other alternative interpretations and viewpoints. For any investment decision, the writer urges readers to conduct their own independent and separate investigations and research, and always seek their own qualified and authorized third party independent financial advice.

Kindest Regards,

Robbo .:)

[senor guacamole]

yes FG downloaded and checked once i located it..should have done it before i posted...and now the penny has dropped DH, robbo, mmm, i thought that the directors might they still not be allocating themselves plenty of the shares in the shortfall? does smack of poor planning or a change of plan...which i cannot tell..i guess itll all become clear in the next few weeks. ill be watching....today is the dividend day innit?

[robbo]

ISS Group. (SS)

Hi Senor guacamole,



*** Now have Found that direct (ISS) official quote.... from the ISS all of the Directors.... and have attached it to my last post... here...totally unedited...

... see below ...

Yes, yes yes David...

And guess what...??...:(


They have basically reneged on that clear commitment in writing;(to buy any of the outsanding ahares--from the SPP shortfall--).... it could be... imo... at the least ... be fairly now interpreted...

Here is the unedited paragraph Irefer to, dated from the ISS --ASX- annoucement-- on 4/10/06.

from ASX (ISS) announcement...--dated-- 4/10/06--)...

....>>> --- Here it is:

... " In the event.... that not all Shares are subscribed for.... under the SPP, the Director’s have indicated ....that they intend to place some or all of the shortfall shares at the same price as the SPP.

The Directors have all indicated that they wish to participate in ..... the placement of any shortfall Shares.

Accordingly, the Company will convene a General Meeting of shareholders to facilitate the Directors’ participation in the placement of shortfall SPP shares (if any). ...."

-------------Official ASX published ISS quote ends -------------

...And also see my comments in my previous post...

'tis a bit of a worry, imo.... now...

Kindest Regards,

Robbo :)
drrobo@bigpond.net.au

DISCLAIMER.
Views expressed in this opinion expressed on Sharetrader, as above are explicitly unwarranted, and expressed on a strictly: ‘Without Prejudice’ basis.. These views are only personal opinions and speculations, are not warranted, in any way whatsoever, either expressed or implied, for their accuracy or veracity. These opinions & correspondences, expressed in this email and/or on this internet site are only the writer’s tentative thoughts and opinions only. They are, nothing more than that. These views are not…. (Repeat: ‘not’ …)…to be read as being, or even forming any form whatsoever of investment recommendation, general or specific. Instead, they are just simply personal ideas and opinions, and to repeat, are NOT to be read or interpreted as financial advice. These expressed opinions written here, are not warranted in any way whatsoever, either expressed or implied, for their, authenticity, or likely predictive outcome. Therefore, these comments are highly subjective and prejudiced by the writers own opinions, perceptions and outlook. As a result, these views may be prone to errors, as they are not official in any way, have not been checked by an authorized third party, and are possibly incomplete, ill informed and/or inaccurate. With this in mind, the author reminds readers that these opinions expressed here; are strictly on a “Without Prejudice” basis only. Remember readers, to read these opinions as just one of many expressed personal subjective thoughts and ideas, in the ‘common market-place of ideas’—and are only that. Readers must recognize that, as they are only one possible viewpoint among many, and therefore they are at best; only the author’s own highly subjective whimsical thoughts, impressions, and intuitions. You therefore ought not to rely upon these views for any form of advice or counsel. Instead, you are responsible for your own decisions. Readers must also note that, as with all expressed opinions, they are definitely open to discussion and refutation, as well as logical weighing and consideration of other alternative interpretations and viewpoints. For any investment decision, the writer urges readers to conduct their own independent and separate investigations and research, and always seek their own qualified and authorized third party independent financial advice.

Kindest Regards,

Robbo .:)

[sharehap]

quote:Originally posted by davidrob

iss..

If you want me to 'flesh out in more detail' how a microcap fund manager 'might'--??-- interpret this-- or a 'Thorney Group style ' semi styled Venture Cap'-- Investment Consortium-- then please let me know ... via this thread...



Hi, Robbo

Could you please give more details re above issue? Thanks.

[senor guacamole]

well, my grasp on the english language may not be that great (being a bowl of mexican avocado dip)but i still read that as ALL the directors wanting to be participate in or be PART of the shortfall SPP, not nescesarily a promise to mop them all up. Hopefully the elusive player who hold the power to rerate ISS will share my interpretation. Agreed they gave the impression that they would mop em up and that it would have been more of a glowing endorsement had they(and that was fully endorsed by my ladyfreind)but dont see it as an out and out promise broken. What a tonic for the pendatic these forums are...that felt good!

[trader-jim]

Have to agree with Senor G, they may have been willing to mop up a few million but not 8 million shares. Its also unlikely that present shareholders will take up a large portion of the remainder, even if all who bought the first time put they same amount in this time(on average) there will still be more than 5 million shares for the directors.

[mamos]

Just emailed the company:

They said:

Mark, the directors have indicated their participation as previously
announced. The extent of their participation will probably depend on the
demand for the shortfall as we have received allot of interest from
existing shareholders who previously were not going to participate in
the shortfall.

I tend to agree with the last two posts that the directors indicated they were not going to take up the whole shortfall.

However, it will be interesting how much of a shortfall they pick up from this new offer, if there is a shortfall.

[David Hardman]

Agree with Robbo. Like I said before... its like they designed the SPP to fail.

The raising has been mismanaged.

Why not just place the 8mil shortfall with sophisticated investors. Negates the need for the shortform prospectus (which costs money to produce) and would of got some instos/serious investors on the register.

[mamos]

Does anyone know who the competitors of ISS are and what products they offer?

From the prospectus:
"The Company's current and future potential competitors include companies with
substantially greater resources than it. There is no assurance that competitors will not
succeed in developing products or services that are more effective or economic than the
current products and services or any of those being developed by the Company or which
would render the products obsolete and/or otherwise uncompetitive. In addition, the
Company may not be able to compete successfully against current or future competitors
where aggressive pricing policies are employed to capture market share."

[Flying Goat]

quote:Originally posted by davidrob

ISS Group. (SS)



And guess what...??...:(


They have basically reneged on that clear commitment in writing;(to buy any of the outsanding ahares--from the SPP shortfall--).... it could be... imo... at the least ... be fairly now interpreted...

Here is the unedited paragraph Irefer to, dated from the ISS --ASX- annoucement-- on 4/10/06.

from ASX (ISS) announcement...--dated-- 4/10/06--)...

....>>> --- Here it is:

... " In the event.... that not all Shares are subscribed for.... under the SPP, the Director’s have indicated ....that they intend to place some or all of the shortfall shares at the same price as the SPP.

The Directors have all indicated that they wish to participate in ..... the placement of any shortfall Shares.

Accordingly, the Company will convene a General Meeting of shareholders to facilitate the Directors’ participation in the placement of shortfall SPP shares (if any). ...."

'tis a bit of a worry, imo.... now...

Kindest Regards,

Robbo :)


Robbo,

Think you had a few too many crownies this week my friend...


Let us look at the fact in rational context, please, before questioning management integrity:


Firstly: 4th October 2006 ASX Announcement

Paragraph A

"In he event of any shortfall under the SPP, the directors reserve the right to allot that shortfall in their absolute discretion"

Paragraph B (quoted above by Robbo)

"In the event that not all Shares are subscribed for under the SPP, the Director’s have indicated that they intend to place some or all of the shortfall of shares at the same price as the SPP. The Directors have all indicated that they wish to participate in the placement of any shortfall Shares. Accordingly, the Company will convene a General Meeting of shareholders to facilitate the Directors’ participation in the placement of shortfall SPP shares (if any)."

So:

Paragraph A says: Directors will do whatever we see fit with shortfall

Paragraph B says: Directors can buy any shortfall if we wish.


Secondly: CORRECTION 8th November 2006 ASX Announcement

"Further to the company's plan to issue the shortfall of shares, the company is aware that a number of existing ISS shareholders have directly expressed interest in participating in the shortfall given the increase in the company's share price. Accordingly the board has determined that existing shareholders should be given the opportunity to particpate in the issue."

Conclusion:

Due to the share price increase, which evidently was caused by the latest quarterly announcement RELEVANT TO THE FUNDAMENTALS OF THE BUSINESS, there have been material expressions of interest in participating in the SPP from people who have held post the original SPP.

The Directors are therefore offering those a chance to buy in, and BY NO MEANS HAVE STATED A CHANGE IN THEIR ORIGINAL INTENTION AND "RE-NEGGED" ON A PROMISE becuase their take up, which I assume will be full shortfull of the second round SPP will not be known until the end of November. This is in keeping with what they said.



Cheers
FG

[Flying Goat]

quote:Originally posted by David Hardman

Agree with Robbo. Like I said before... its like they designed the SPP to fail.

The raising has been mismanaged.

Why not just place the 8mil shortfall with sophisticated investors. Negates the need for the shortform prospectus (which costs money to produce) and would of got some instos/serious investors on the register.




Fair enough David, but WHY would they do that???


FG

[Flying Goat]

quote:Originally posted by mamos

Does anyone know who the competitors of ISS are and what products they offer?

From the prospectus:
"The Company's current and future potential competitors include companies with
substantially greater resources than it. There is no assurance that competitors will not
succeed in developing products or services that are more effective or economic than the
current products and services or any of those being developed by the Company or which
would render the products obsolete and/or otherwise uncompetitive. In addition, the
Company may not be able to compete successfully against current or future competitors
where aggressive pricing policies are employed to capture market share."


That is a disclaimer that goes on most tech companies.... you will find.

[ohmyme]

My other concern with ISS, is that although they produced a monster cash flow quarterly report, there was a $1million discrepancy between revenue and cash flow last year. They flagged in the previous quarter that a lot of receivables would be collected this quarter, this means that you can not extrapolate the first quarter cash flow out for the full year - we need more data.

As we know with expansion comes costs, hence the capital raising, this means their cost base is going to go up. Its all a bit strange really, still love the products and space, I just hope management are able to commercialize and execute and exploit the full potential of this company.

cheers.

[Flying Goat]

quote:

Why not just place the 8mil shortfall with sophisticated investors. Negates the need for the shortform prospectus (which costs money to produce) and would of got some instos/serious investors on the register.




David

I have been thinking about this and really would appreciate other's opinions. When you say sophisticated investors, i assume you mean institution or non-retail. Could it be that they would prefer shares in the hands of more people for the sake of liquidity? That might be a ridiculous guess but I am just wondering if the extra shares on issue will help to improve liquidity of this share? Or do think liquidity is irrelevant?

Cheers
FG

[Flying Goat]

quote:Originally posted by mamos

Just emailed the company:

They said:

Mark, the directors have indicated their participation as previously
announced. The extent of their participation will probably depend on the
demand for the shortfall as we have received allot of interest from
existing shareholders who previously were not going to participate in
the shortfall.

I tend to agree with the last two posts that the directors indicated they were not going to take up the whole shortfall.

However, it will be interesting how much of a shortfall they pick up from this new offer, if there is a shortfall.


Hi SG, mamos, and trader-jim!

Just read your posts, i am pleased that you all interpreted the events exactly as I did. I personally do not see any concern for worry whatsoever and am not sure quite what all the fuss is about...!?!?!

Cheers
FG

[senor guacamole]

hello all,
flying goats excellent. post lays out the communications from the company far more clearly that i had managed... im in complete agreement that there has been no major skullduggery here, move on move on..
good work checkin it out mamos

[OneUp]

Hardman,

are we now so conditioned to seeing the fat cats get the cheap shares we now complain if they don't?

The SPP could have been handled better, and I take the point that there does not seem to be much support from "sophisticated investors".

Hold the phone. If ISS already enjoyed such support, maybe the share price would be $0.60 now rather than $0.20.

[Flying Goat]

quote:Originally posted by OneUp

Hardman,

are we now so conditioned to seeing the fat cats get the cheap shares we now complain if they don't?

The SPP could have been handled better, and I take the point that there does not seem to be much support from "sophisticated investors".

Hold the phone. If ISS already enjoyed such support, maybe the share price would be $0.60 now rather than $0.20.




Ditto, I don't really undertand what the "conspiracy theory" is exactly???

FG

[robbo]

iss Group.

Overall I agree with ohyme's post today--(excellent summary ohyme) and also.... Tommy's post ... from two days ago -- 9/11/06.....
on this (ISS) thread)....ie: to paraphrase Tommy --- (very good post Tommy)...

"A few Commercially Significant Contractural Announcements" -- from ISS Group -- released to the ASX -- would certainly now ....
.... "clear the air" .....

And I hope that is indeed, what ISS ... can now soon, release....;)

And FG,..let me say, I was discusing 'perception managemnt"-- and was not impuning ISS integrity.... just saying; it is a 'C**** ck Up'--- from a 'sophisticated investor'..... perception point of view ....

The Bottom Line .... imo... and tell me if you do not agree....

They should NOT be paying this dividend.

There is NO rationale for it.

It contradicts the "need for capital" implicit in the SPP.

It also is a unnnecessary expenditure of management time, energy and administrative resources & expense and strategically is silly...ie:-- re the Capital Raising, right next to the Dividend Pay Out.

Tell me anyone, who disagrees with that statement.

Kindest Regards ....

....to one and all-- and you also have-ae-good-weekend.. FG !! :)

Robbo :)



Kind Regards,

Robbo:)

[steve fleming]

Hi FG and others....totally agree...don't know what this fuss is about

couple of things, firstly,the prospectus released the other day relates to the general public issue of ISS shares ...it is in no way an extension of the SPP or connected to the SPP...infact the whole point of the SPP (ie only offering up to $5K of stock to exisitng holders) is to negate the need to issue a prospectus!...i would n't be surprised if they have potential 'sophisticateds' lined up already to take some of the issue, given they have budgeted "placement fee" expenses of $60K.

Secondly, what is ultimately going to drive the share price higher is ISS delivering increased revenues and profits...this is going to happen irrespective of whether institutions are on the register or not

Personally, i think the whole thing about having institutions/sophisticateds on the register, whilst giving some credibility, is a bit over-rated....for eg - SSI - share price increased from 20 cents to $5.50 without any institutions on board, then SSI made placements to some of the leading small cap funds (including Contango Micro-caps Investments & MMC (Peter constable - led) @ $4.30...ever since the instos have come on board SSI's share price has fallen considerably....personally i think the fundamentals of a share are a far bigger driver of the share price than the composition of the share register....

It is a matter of interpretation as to whether the SPP/raising was handled appropriately...personally, i think it will be quickly forgotten as ISS continues to publish further good news in the near future



Cheers

[David Hardman]

No one likes to see a massive shortfall in any raising.

The way this one was structured it was always going to fall well short. I just can't see why they went down this route.

There is nothing to say that directors/instos/sophisticated investors won't take up some/all of the shortfall however I don't understand why ISS just did not place the stock with them in the first place.

As I said before "sophisticated investors" as defined by the Corporations Act don't need to be provided with a prospectus. Makes raising cash a sh!tload cheaper and easier.

I guess one argument (which has been raised) is ISS may have wanted to increase the shareholder base which is understandable given they have less the 500 on the register.

Regarding the divi. I agree with Robbo. Why declare a maiden divi while at the same time attempting to raise money. I guess by declaring a divi they are sending a message that they are confident about their future earnings.... but I don't think anyone expects a young IT company to pay divis.

Seems to me the capital management of ISS is a little.... Kooky

They have just released their DRP details. You can reinvest your divi at a 7.5% discount to the market. That's quite generous...

[steve fleming]

quote:Originally posted by OneUp

Robbo, you are not the first to query why ISS is paying a dividend while raising capital.

However there is a potential rationale for it, as alluded to below.


quote:Originally posted by OneUp
PS: not sure why ISS has "done an Astron" and is doing a capital raising (negative dividend) at the same time as paying out a dividend. Makes little sense, except as a "signal" of improved performance.





I always thought one of the major reasons why small caps (esp those where Directors dominate the register)pay dividends is because the Directors just want/need some cash for themselves, essentially realising some sort of a return on their investment, given they have so much of their wealth tied up in the particular company... maybe they'll use the cash dividend to take up shares in the new issue??...although admittedly not great to see the cash taken out,and directors with such an attitude (if this is indeed the case), it is perfectly logical ( i would do the same myself in the same situation) and its much better perception wise, than directors selling down their shareholdings

[Flying Goat]

quote:Originally posted by steve fleming

Hi FG and others....totally agree...don't know what this fuss is about

couple of things, firstly,the prospectus released the other day relates to the general public issue of ISS shares ...it is in no way an extension of the SPP or connected to the SPP...infact the whole point of the SPP (ie only offering up to $5K of stock to exisitng holders) is to negate the need to issue a prospectus!...i would n't be surprised if they have potential 'sophisticateds' lined up already to take some of the issue, given they have budgeted "placement fee" expenses of $60K.

Secondly, what is ultimately going to drive the share price higher is ISS delivering increased revenues and profits...this is going to happen irrespective of whether institutions are on the register or not

Personally, i think the whole thing about having institutions/sophisticateds on the register, whilst giving some credibility, is a bit over-rated....for eg - SSI - share price increased from 20 cents to $5.50 without any institutions on board, then SSI made placements to some of the leading small cap funds (including Contango Micro-caps Investments & MMC (Peter constable - led) @ $4.30...ever since the instos have come on board SSI's share price has fallen considerably....personally i think the fundamentals of a share are a far bigger driver of the share price than the composition of the share register....

It is a matter of interpretation as to whether the SPP/raising was handled appropriately...personally, i think it will be quickly forgotten as ISS continues to publish further good news in the near future



Cheers



Excellent call Steve,

And regarding the following statement that you made:

"personally i think the fundamentals of a share are a far bigger driver of the share price than the composition of the share register"

I could not agree more, after all that is what we are investing in. Nothing more, nothing less. In fact I would be just as happy without the big investors, as they are usually just as inconspicuous EXITING a stock as they are entering it.

Cheers
FG

[Flying Goat]

quote:Originally posted by David Hardman

No one likes to see a massive shortfall in any raising.

The way this one was structured it was always going to fall well short. I just can't see why they went down this route.

There is nothing to say that directors/instos/sophisticated investors won't take up some/all of the shortfall however I don't understand why ISS just did not place the stock with them in the first place.

As I said before "sophisticated investors" as defined by the Corporations Act don't need to be provided with a prospectus. Makes raising cash a sh!tload cheaper and easier.

I guess one argument (which has been raised) is ISS may have wanted to increase the shareholder base which is understandable given they have less the 500 on the register.

Regarding the divi. I agree with Robbo. Why declare a maiden divi while at the same time attempting to raise money. I guess by declaring a divi they are sending a message that they are confident about their future earnings.... but I don't think anyone expects a young IT company to pay divis.

Seems to me the capital management of ISS is a little.... Kooky

They have just released their DRP details. You can reinvest your divi at a 7.5% discount to the market. That's quite generous...




Very good point you raised David, as was raised by Robbo,

I will share with you one quote from the ASX Announcement on 4 October 2006 that addresses exactly this issue:

"ISS Group remains in a very strong financial position, and has declared a first dividend to shareholders of 0.5 cents payable on 30 November 2006. The company's aim is to continue growing profitably, without external debt, WHILE PROVIDING SHAREHOLDERS WITH A YIELD ON THEIR EXISTING INVESTMENT"

The fact is that, compared with overseas investors (and check this out for yourselves) NEW ZEALAND AND AUSTRALIAN EQUITY INVESTORS ARE DIVIDEND HUNGRY, like it or not that is the fact. ISS are only trying to offer a more "palatable" investment for their target audience, yet you (Robbo/David Hardman) seem to think that this is some kind of massive strategic blunder. Sorry guys, I have posted a lot today and have probably been rather annoying - i regret this becuase actually i have immense respect for your contributions - but, imo, these guys really haven't done anything wrong and are getting a hard time for it.

That's all, I promise!! :D


Cheers
FG

PS Thanks for your post SG, you stated your original point perfectly!

[tommy]

Hi all,

Gee, this SPP issue seems to have given rise to some healthy debate, well done guys[:I]

I have offloaded most of my ISS holdings from 26c because the chart didn't look good after the spike (my policy is to lock in profits without hesitation in the case of microcaps), and sold off the remaining small holdings today simply because I thought the opportunity cost might be higher than expected. I'm still holding on to ISS options though!

I still love ISS and believe it is undervalued at the current level, but I would rather sit on the sidelines until all the extra shares are released to the market... I just can't see it rising over the next several weeks without a major announcement (and if there is a break out, I can always buy back in). I just prefer to have cash after the market has run strongly for such a long period of time.

Good luck to holders:)

[Bobbyvee]

I agree with you Tommy, a some degree of market correction is due.
However from 20c I doubt ISS will go down much!!!!

Cheers
BobbyVee

[senor guacamole]

that is some extremely interesting discourse going on... the question "why did they offer the dividend then raise capital" has been niggling in the back of my mind...the idea that investors in NZ/Aus are dividend seekers and it was designed to appeal resonates with me, as it was a (minor) factor in my decision to invest. im keeping the faith long term and expecting the correction if any to be minor.

[djones]

quote:Originally posted by senor guacamole

that is some extremely interesting discourse going on... the question "why did they offer the dividend then raise capital" has been niggling in the back of my mind...the idea that investors in NZ/Aus are dividend seekers and it was designed to appeal resonates with me, as it was a (minor) factor in my decision to invest. im keeping the faith long term and expecting the correction if any to be minor.


Its impact on the share price (due to "signalling") was short lived also.

[Kell]

Hi all,

My first post on the forums! I hopped on the ISS SPP yesterday. 19c is still cheaper than the market price. After that, this share will be put on the shelf to be checked in a few months time.

[djones]

When are we going to get the first allocation of ISS shares. 14 days late, what a joke..

[trader-jim]

quote:Originally posted by djones

When are we going to get the first allocation of ISS shares. 14 days late, what a joke..


If you mean the initial SPP you should have them by now. Mine came through at the end of october.

[djones]

quote:Originally posted by trader-jim


quote:Originally posted by djones

When are we going to get the first allocation of ISS shares. 14 days late, what a joke..


If you mean the initial SPP you should have them by now. Mine came through at the end of october.


I do mean the first ones yes - "Warning!! - The quantity of shares you have entered exceeds our records of your current holding."

[senor guacamole]

Hi djones, i live in queenstown NZ, and the letter for the registry just arrived yesterday.

[djones]

quote:Originally posted by senor guacamole

Hi djones, i live in queenstown NZ, and the letter for the registry just arrived yesterday.


What i mean is when will they be tradeable on the open market.

[mark100]

I sold mine last week so they have been tradeable for several days now.

[Flying Goat]

quote:Originally posted by absolut-advance

Actually im feeling very comfortable with my ISS holding and are sitting tight.

At the end of the day the price will be driven by earnings and by potential earnings via the contracts to date and expansion of.. along with new contracts being put in place.

Im certain ISS are heading in the right direction, and if we just stop and look at the fundamental knowns it all becomes quite clear.

Some times its best to stand back abit and look at the big picture...


AA


Well said AA, could not agree with you more. Seems on the surface there is a lot of fuss about the SPP while underneath nothing has changed. I am also comfortable, still fundamentally very sound.


2002

Rev 2,452,000
NPAT 501,000

2003

Rev 3,969,000
NPAT 956,000

2004

Rev 4,800,000
NPAT 1,151,000

2005
Rev 4,545,000
NPAT - Loss (money spent on researching new product, which showed roi the following year)

2006

Rev 8,011,000
NPAT 1,485,000

Very solid revenue and earnings growth, with exception of large R&D expenses in 2005 - which were part of the long term plan and resulted in immediate return on investment the following year. Furthermore their earnings stream is very diversified, and this increasingly so.


Check the long term revenue growth, since inception nine years ago and the ability to run he business like a business - that is report positive net earnings consistently. These are just the facts/fundamentals - not too even mention the prospects, which I genuinely believe are massive. Keep bailing out of ISS people, i will buy your shares at 20 cents no problem.... :D

Cheers
Flying Goat

PS if yr interested in readng more about the space in which they operate and some of their competitors / collaborators check out www.oilit.com if you dig around you can glean quite a bit of information to help get your head aound the importance of ISS products, but also the competitiveness of the space.

[Flying Goat]

Hmmm, around 500,000 shares changed hands so far today, and market has yet to close..??!!

All bought/sold at market. Unusual for this otherwise quietly traded stock... any thoughts??

FG

[trader-jim]

Total of 867,000 shares at close.

Today was the AGM but no announcement so far.

[Flying Goat]

quote:Originally posted by trader-jim

Total of 867,000 shares at close.

Today was the AGM but no announcement so far.


Thanks TJ. Did anyone go to the AGM...?!

I could not due to being in NZ but would REALLY APPRECIATE feedback from any atendees...!?

Thanks
FG

[evedder]

sellers drying up. The presentaion states "Long Term Outlook continues to be very positive". Pretty strong words...

[Lizard]

Yes, though the words which stood out for me in that sentence were "long term". In my experience, this is small company speak for "but we might be having a slow patch in the mean time".

[Flying Goat]

All valid points... the chart is interesting from the perspective that that has been a pronounced and consistent increase in volume over the last two and half months. My thoughts, or hopes, are that this will continue with more shares on issue over the coming months from both the DRP and the SPP. To date they have utilised funds sensibly and done an excellent job of keeping a lid on costs over the last five years. After all Shane Atwell and his spouse between them own around 40% of the compaby so it is certainly in his interest to put bottom line profit before big salaries and high life expenses seen in some tech companies. Although ISS are picking up licensing revenue from smaller companies that are not substantial enough to be announced to the ASX (see Asian operating profit for example), I reckon that one more big contract job announcement, like say Saudi Aramco would be enough for the SP to break out of its long bound range of 27 cents and stick its head and shoulders above 30 cents, in a flash. Another thing that has been holding this back is the SPP obviously, as you could see the parcels of 25k odd going through over the last few weeks... not me, i'm a holder for now and hpefully for the next few years.

Cheers
FG

[Kell]

Has anyone received the shares from the latest SPP, or know when we can expect to receive them?

[David Hardman]

quote:Originally posted by Kell

Has anyone received the shares from the latest SPP, or know when we can expect to receive them?


I thought they were going to be alloted yesterday.

No announcements from the company.

Share Price heading north today.. You'd have to expect some of the 8m shares allotted at 19c will find their way onto the market as soon as they are issued.

[ONTHENOSE]

Does anyone have a view on ISS when they are issued??

Think we could see 20cents again??

[Flying Goat]

quote:Originally posted by ONTHENOSE


Does anyone have a view on ISS when they are issued??

Think we could see 20cents again??





Why worry??

There was nothing stopping ISS holders from selling $5,000 of their existing holdings the day after the eligibilty date, knowing they can buy back at 19 cents via the SPP. Many people have done this as was evident by the number of 26,000-share trades that have been moving through over the last few weeks. These people thought they were rather clever, pocketing a mere $250 to $600 depending on when they sold. In fact these people were rather foolish becuase today alone over 300,000 shares have traded at a value weighted average price of 25.6 cents, some as high as 26.5 cents. So the eagreness for a quick buck has cost most of these folk at least $1000 maybe more. Not me, I have been buying as others sold and if the composition of holders is similar to that at 30 Jun 2006 I will be among the top 20 holders - and have no worries really about the impact of the SPP. Another example: Go have a look at PVO, a tech compaby from New Zealand. This share was trading at below 80 cents and the company was definitely undervalued IMO. Then a SPP was announced for maximum $5,000 at 84 cents per share. Once again all the clever arbitrage players were selling their parcels at 90 cents to pocket a small gain. That was five months ago, the stock is now trading at $1.10 and has an excellent outlook going forward. To conclude my ramble... yeah, it might trade at 20 cents again in the next few weeks, that would not really bother me too much as I maintain my view that it is a very strong, unique and undervalued company and that it will trade above 40 cents in the next twelve monts, easily. My personal view is that most of the premature ejaculators have already ejaculated, and now there are some big buyers entering the share. Maybe a small cap fund or maybe the stock has just been picked up on the radar of some savy brokers.

Cheers
FG

PS Hope I did not offend anyone on this post, I know there are some senstive sharetraders out there!!!

[tommy]

quote:Originally posted by Flying Goat
My personal view is that most of the premature ejaculators have already ejaculated


hahahahaha, that is the best quote of the week:D

I had to ejaculate prematurely [:o)] because I had to buy into JUM which subsequently shot up... suppose we can't kiss all the girls all the time (though I'm always trying!!)

Will get back in on any weakness[:I]

[Flying Goat]

quote:Originally posted by tommy

[quote]Originally posted by Flying Goat
My personal view is that most of the premature ejaculators have already ejaculated


hahahahaha, that is the best quote of the week:D

I had to ejaculate prematurely [:o)] because I had to buy into JUM which subsequently shot up... suppose we can't kiss all the girls all the time (though I'm always trying!!)

Will get back in on any weakness[:I]


:) Thats what I like about you Tommy, always able to have a laugh..! Hey, I know exactly what you mean about not being able to kiss all the girls at once... would have been, and would still be loading up on ITD at lately... i see you're already in there... super cheap at pe of around 13 given this sector usually trades at 30, and given their steep growth trajectory... [:p]

Cheers
FG

[tommy]

Hi FG,

Yup, totally agree that ITD is undervalued (check out ELX too, it's pretty cheap).

But back to the subject: can someone please dump their holdings so I can buy ISS at 19c again? I can't be the only one waiting for all those shares to flood into the market!

Have a great weekend all, I'm off to pump some iron...

[David Hardman]

quote:Originally posted by Flying Goat
My personal view is that most of the premature ejaculators have already ejaculated, and now there are some big buyers entering the share. Maybe


The small boys who picked up $5k may have already ejaculated but its when the big boys who picked up some of the 8m shares unload that could really make things messy.

Apparently we can expect an announcement regarding the 8m allotment Monday/Tuesday.

I expect the share price to settle around the 22c in the short term. (7-10days)

[underground]

Placement of SPP Shortfall

ISS Group Limited (ISS) wishes to advise that all shares available under the company’s Share Purchase Plan and subsequent short-fall Prospectus have been placed and allotted.
The company placed a total of 11,100,000 shares for proceeds of $2,109,000 (19 cents per share). Applications for the shortfall shares resulted in a scaling back of applications. Accordingly, refund cheques together with allotment details have been forwarded to participating shareholders.
Given the strong demand for shares and the increase in the company’s share price, the directors determined that it was appropriate for shareholders to be given first opportunity to participate in the shortfall. As a result of excess demand, this resulted in the directors not receiving any allocation of the shortfall shares.
On behalf of all of the board I wish to thank all participating shareholders for their continued support and confidence. ISS Group Limited has a very strong working capital position and this will greatly assist us as we participate in larger projects with larger partners in 2007.

Yours sincerely,
Shane Attwell
Managing Director
ISS Group Limited

[Flying Goat]

quote:Originally posted by underground

Placement of SPP Shortfall

ISS Group Limited (ISS) wishes to advise that all shares available under the company’s Share Purchase Plan and subsequent short-fall Prospectus have been placed and allotted.
The company placed a total of 11,100,000 shares for proceeds of $2,109,000 (19 cents per share). Applications for the shortfall shares resulted in a scaling back of applications. Accordingly, refund cheques together with allotment details have been forwarded to participating shareholders.
Given the strong demand for shares and the increase in the company’s share price, the directors determined that it was appropriate for shareholders to be given first opportunity to participate in the shortfall. As a result of excess demand, this resulted in the directors not receiving any allocation of the shortfall shares.
On behalf of all of the board I wish to thank all participating shareholders for their continued support and confidence. ISS Group Limited has a very strong working capital position and this will greatly assist us as we participate in larger projects with larger partners in 2007.

Yours sincerely,
Shane Attwell
Managing Director
ISS Group Limited


Excellent spotting underground! I noticed that ISS always tend to make their announcements after close of business for some reason. My personal view is that this announcement is very positive regarding the SPP uptake and the allocation iof these funds to even bigger projects in 2007:). Although I am a little p1ssed that potentially I may not have been alotted the full $5,000 worth due to over subscription:(

FG

[Flying Goat]

quote:Originally posted by David Hardman

[quote]Originally posted by Flying Goat
My personal view is that most of the premature ejaculators have already ejaculated, and now there are some big buyers entering the share. Maybe


The small boys who picked up $5k may have already ejaculated but its when the big boys who picked up some of the 8m shares unload that could really make things messy.

Apparently we can expect an announcement regarding the 8m allotment Monday/Tuesday.

I expect the share price to settle around the 22c in the short term. (7-10days)



Hi Dave

I guess that might have been the case if they ended up allocated some larger tranches, but judging by announcement last night that was not the case. My theory is this.... since Jun 2006 the number of shareholders of ISS has probably increased to maybe closer to 450 holders, and most of these have taken up full entitlement of $5,000 and this would be enough to make up the $2.2 million capital raising. My view is that they probably preferred to have the shares spread among small holders to help with liquidity so are probably quite epleased with the result... although judging by consistent daily volumes traded over the last two months liquidity is already becoming less of a problem.... You're probably right in that we might settle around 22 cents for a few weeks, but I reckon just one more decent contract closure and there won't be much left to hold it back... its really overdue to stick its head above the two year trading range of 28 cents.... becuase fundamentally the business is in a much stronger and more developed position than it has ever been...

Cheers
FG

[Rainesy]

I agree FG, 100%.

Have heard many good things about this company through a few other sources. Just a little more time they say. I'll be holding and will be ready for the ride north.

Rainesy

[stockpanther]

Hi all!

I'm a holder of ISS and there are a few things that particularly impress me about the company:
- they run a profitable software development business (whats a great product if it never makes coin?)
- they have products that can deliver significant benefits to busineses
- they manage to achieve 2nd, 3rd sales etc. to the same companies. i.e. Rio Tinto -> this demonstrates that the product is good IMO.
- annuity revenue streams are developing which will help to keep the company ticking over during tougher periods

Anything I'm neverous about?
- mainly the need for the capital raising. In my view if there were more big sales on the horizon they may not need to have raised the capital.
- it is not a huge raising however and the company has ALOT of upside and is profitable so I'm happy to hold, I'd just be more happy if the capital raising wasn't required :)

[Lizard]

I just enquired with Nat Bank re why the dividend had not gone through for these for the shares I held at the time. After some enquiry, they told me that FNZC had not yet received the payment from the registry.

Has everyone else received their dividend? (Due 30 Nov)

[djones]

quote:Originally posted by Lizard

I just enquired with Nat Bank re why the dividend had not gone through for these for the shares I held at the time. After some enquiry, they told me that FNZC had not yet received the payment from the registry.

Has everyone else received their dividend? (Due 30 Nov)


I sold all my ISS shares on 6-Dec-2006, will i get a dividend from these?

[mark100]

djones, The record date was 16 Nov so you will get the div

Lizard, I got my dividend cheque in the mail yesterday (in Aust)

cheers

[sharehap]

quote:Originally posted by Lizard

I just enquired with Nat Bank re why the dividend had not gone through for these for the shares I held at the time. After some enquiry, they told me that FNZC had not yet received the payment from the registry.

Has everyone else received their dividend? (Due 30 Nov)



I received mine by mail on Monday (11 Dec). I am in Australia

[Lizard]

Thanks. Must have just been a bit slow getting the money sent out. Hope that was a registry hiccup, not a company one.

[tommy]

Received my dividend cheque yesterday, and I'm in Sydney.

[BSA]

Yes have mine as of y/day (Perth)

A wee bit of action today albeit on low vol,....26.6c key res to hurdle next(hopefully)

Cheers

[Flying Goat]

quote:Originally posted by Lizard

I just enquired with Nat Bank re why the dividend had not gone through for these for the shares I held at the time. After some enquiry, they told me that FNZC had not yet received the payment from the registry.

Has everyone else received their dividend? (Due 30 Nov)


Liz,

Just recieved it today, I also signed up for DRP so divedends purchased shares at 18.87 cents (issued at 7.5% discount to then mkt price), also noticed that SPP shares also were eligible for dividend issue for DRP. The scaling back of the SPP resulting in us getting AUD 4,000 worth of shares at 19 cents instead of AUD 5,000. All in all I am happy as I basically signed up for maximum everything at 19 cents and below yet the share price / volumes are tracking nicely... closing today at 24c.


FG:D

[Flying Goat]

quote:Originally posted by Lizard

I just enquired with Nat Bank re why the dividend had not gone through for these for the shares I held at the time. After some enquiry, they told me that FNZC had not yet received the payment from the registry.

Has everyone else received their dividend? (Due 30 Nov)


Liz,

Just recieved the mail out today, I signed up for DRP so divedends purchased shares at 18.87 cents (issued at 7.5% discount), also noticed that the SPP shares were eligible for dividend issue for DRP. The scaling back of the SPP resulting in us getting AUD 4,000 worth of shares at 19 cents instead of AUD 5,000. All in all I am happy as I basically signed up for maximum everything at 19 cents and below yet the share price / volumes are tracking nicely... closing today at 24c.

Cheers
FG

[Rainesy]

Yep got my divedends on Monday (11/12/2006). Holding tight with this one and looking forward to further growth.

[wayman51]

Hi all

SP sitting on 24c. Where to from here? North or south (or east / west)? Has anyone any thoughts?
Regards .....

[mark100]

Has anyone got their refund cheque from the SPP shortfall offer? I got allocated part of what I applied for but no refund cheque has turned up yet...

[Flying Goat]

quote:Originally posted by mark100

Has anyone got their refund cheque from the SPP shortfall offer? I got allocated part of what I applied for but no refund cheque has turned up yet...


I have not recieved my refund yet, but had word that cheques are in the mail.

FG

[mark100]

Thanks FG

[ONTHENOSE]

Any thought on ISS's strong move North this morning????

[stockpanther]

*shrugs* nothing out of they ordinary...will happen a fair bit with ISS...up, down, up, down on low volumes.

Just sit tight and wait :)

[Flying Goat]

quote:Originally posted by stockpanther

*shrugs* nothing out of they ordinary...will happen a fair bit with ISS...up, down, up, down on low volumes.

Just sit tight and wait :)


Actually I disagree stock panther, turnover is relative to market cap and relative to a stock. Today nearly $100,000 worth of shares changed hands and if you have been following this stock for any lenght of time you would be aware that was well above average volume, very high infact. Likewise, regarding volatility ISS has never pushed as high as 28 cents in nearly two years, but it did so today. In my opinion todays activity was event driven. My speculation would be either a) a popular broker has started to cover the stock and published something favourable or b) there is another large contract almost closed... just my speculation though.

Cheers
FG

[Lizard]

There's a newsletter that covers it which came out last week and seems to be developing a bit of a following, so possibly that is responsible (Ten Bagger Quarterly (http://www.tenbaggerquarterly.com/))

[Flying Goat]

quote:Originally posted by Lizard

There's a newsletter that covers it which came out last week and seems to be developing a bit of a following, so possibly that is responsible (Ten Bagger Quarterly (http://www.tenbaggerquarterly.com/))


Bingo... thanks Liz! That confirms my hypothesis was pretty much on track [8D]

[Ricky99]

Hi Lizard,

A bot of subject but do you subscribe to the ten bagger quarterly, and if so what do you think of it.

I've had a quick read and didn't think it added much more that what I could already find by looking at HC, SS and here.

[stockpanther]

Fair enough flying goat. Home from work now and the volume was higher than usual. I guess I was just dismissive of it because volume rarely enters my thoughts.

Anyway I'm hoping your good announcement speculation is right!!

[Torrero]

I would like to know, just how important it is to have realtime data like what ISS is offering to its customers.

[stockpanther]

Torrero,

Not being in the industry it is makes it hard for me to tell....but from all reports it sounds like it could yield significant cost savings through an improvement in efficiencies.

Realistically, it is not critical that a company have the data...they can operate without it. But as an investment case the ISS product makes sense, because the cost savings more than cover the capital outlay.

[Flying Goat]

Yikes... anyone see the size of the buy order at 26 cents?? Glad to see the last few weeks that ISS are finally getting the attention they deserve and have been slowly but steadily edging upwards... [8D]

FG

[Rainesy]

Oh yeah I'm liking the look of this. :):D[8D]

[Flying Goat]

quote:Originally posted by Rainesy

Oh yeah I'm liking the look of this. :):D[8D]


Yeah, great close at 29 cents...:) an all time high! I am happy as, but one thing to remember, as a wise investor once told me: "in a rising tide all the boats in the harbour are lifted" and both NZX and ASX are currently at all time highs... Don't get me wrong though, my opinion is that it is still early days for ISS Group, reckon the new visualisation product (that they recieved govt funding for, and already contracted to provide for BHP) will put this company in another league altogether within 18 months or so.

FG

[Flying Goat]

quote:Originally posted by absolut-advance

Yes looking good FG, ISS group is so tightly held and as more and more investors become aware of ISS we should start to see a stronger re-rating in the new year, so far so good

AA



Indeed my friend, actually I didn't expect ISS to move so quickly, but as you say it must be starting to show up on the radar in the investment community. Also the extra shares on issue seem to have improved liquidity, guess it might be volatile for a while longer but technically trending up as far as the dips and peeks go etc...

FG

[Flying Goat]

Awesome news out today ladies and gents...! Tommy, if you're around, could you cut/paste today's announcement? I can only access the information in pdf format and am unable to cut from that, but somehow I noticed yr able to do it.

Thanks
FG:D

[ONTHENOSE]

ISS Group Limited
1ST FLOOR, 117 STIRLING HWY NEDLANDS,
PERTH AUSTRALIA 6009
PO BOX 1107 NEDLANDS WA 6909
PH: + 618 9386 0800 FAX: +618 9386 5941
E MAIL ISS@ISSGROUP.COM.AU
WEB: WWW.ISSGROUP.COM.AU
ACN 109 443 852
22 December 2006
The Manager
Company Announcements
Australian Stock Exchange Limited
4th Floor, 20 Bridge Street
SYDNEY NSW 2000


Dear Sir

Recommended Vendor for Data Integration Technologies for Saudi Aramco

ISS Group Limited (ISS) is very pleased to announce that it has been formally approved as a
Recommended Vendor for Data Integration Technologies for Saudi Aramco, as a result of the
Application Integration Technologies Evaluation.
Inclusion on the Recommended Vendor list for Saudi Aramco is a very important step in
advancing the Company’s working relationship with the world’s largest oil producer. The
inclusion means that ISS will be invited to tender on future Data Integration Technology
projects and confirms the success of the pilot work undertaken by ISS for Saudi Aramco over
the past twelve months.


Yours sincerely,
Shane Attwell
Managing Director
ISS Group Limited
About ISS Group:
ISS Group Ltd. listed on the ASX in 2004.
ISS was established in 1995 and is an information and technology company that develops and
markets infrastructure, application and plant optimization software for the oil, gas and mineral
processing industries. The company’s client base includes major oil/gas and minerals
producers.
Visit the ISS Web site at http://www.issgroup.com.au for more information.

[stockpanther]

It's alright news...nothing really special though was my take on it?

[ONTHENOSE]

What do you guys read from this announceent?


"Reccomended Vendor"??????

[tommy]

quote:Originally posted by ONTHENOSE



What do you guys read from this announceent?


"Reccomended Vendor"??????




Hi Onthenose,

"The inclusion means that ISS will be invited to tender on future Data Integration Technology projects and confirms the success of the pilot work undertaken by ISS for Saudi Aramco over the past twelve months."

So if there is a tender, ISS will be in the front seat to have its product/service considered. It basically shows that Saudi Aramco was happy with the pilot work done by ISS and is willing to give more work to them in the future if the opportunity arises. Not a contract though at this stage, it just means they have "built the bridges" for future contracts.

Very good news IMHO.

[ONTHENOSE]

Thanks Tommy...

The market seems to like the news... [:p][8D];)

[stockpanther]

I'm very surprised with how quick ISS has run. Market cap allowing for dilution of the $0.25 oppies is now $29m.

Personally I wouldn't be topping up at these levels, but I continue to hold because ISS has the makings of a $60m company IMO.

[Flying Goat]

quote:Originally posted by absolut-advance

ISS flying along nicely hit a high of 37c today pushing my portfolio to a new high.

Happy Holidays

AA


Yeah, great to see alright, could not believe my eyes... hey AA, are you in Auckland? If so I will buy you a beer to celebrate when we hit 40 cents! Hehe...!

FG
:)