There's no escaping Superscape (SPS)

Borrowed this from the iii board, - Well worth reading and well researched:-
Article by Wisam63

"Thought I would summeries all the activities of SPS that have been achieved, in order to help new investors who are thinking of investing in SPS following the recommandation of few tipsters recently!!"

"Lets start with the profile!!"

"Primary Country Listing UK"
Status: FULL
Index: Fledgling, Techmark All Share
Sector: Software & computer services
Activities: Development of interactive 3D software
EPIC SPS

overview from annual report 31/1/2003 31/1/2002
Ave. No. Employees (Excl. Dir.) 78 93

Total Employee Cost: £m 5.414 5.232
Gearing % -93.8 -94.47
Roce: % -85.76 -83.82

latest results - Interim 31/7/2003 31/7/2002
Turnover £m 0.09 0.51
PreTax Profit £m -4.13 -4.88
EPS (Norm Dil.) p -4.51 -11.99
Dividend p 0 0
Notes: Figures in accordance with FRS3

figures at last close
Closing Share Price p 28
No. of Shares in Issue m 123.6
Market Capitalisation £m 34.61

Copyright © Hemscott Group Limited Disclaimer

Now we can talk about more important issues regarding this small, highrisk/reward company, which is NEWS-FLOW!!!!

There are few of us who believe that the transformation of SPS will depend on development of games and their collaboration with major player ( I am definitly one of them ), so have a look at the contracts been signed and decide if what has been achieved so far deserve a market value of almost 36 m.

01/12/2003 09:33:58
Superscape in Playstation 2 game development deal for mobile phones....Activision!!

03/11/2003 16:11:05
Superscape extends agreement with Siemens for 3D content on mobile phones.

29/10/2003 10:38:41
Superscape H1 pretax loss 4.2 mln stg vs loss 5.05 mln; 9.3 mln fundraising..........Painful, but at least it been over and done with!!!

06/10/2003 12:57:44
Superscape, ARM in Swerve i3D licence deal with Motorola
Swerve i3D Graphics Client.

02/10/2003 11:33:54
Superscape, ARM in mobile phone 3D software licencing deal with Samsung.

26/09/2003 11:19:21
Superscape, Walt Disney in wireless game deal.....

18/08/2003 07:56:30
Superscape, Sony Pictures Mobile to co-publish new S.W.A.T. mobile game

18/07/2003 07:32:09
Superscape says Siemens Mobile is licensing Swerve i3D Graphics Client

02/05/2003 10:19:58
Superscape, SavaJe in mobile phone licence deal

03/04/2003 08:13:13
Superscape linking up with industry leaders to roll out Swerve device

03/04/2003 08:10:28
Superscape FY pretax loss 9.2 mln stg vs 9.6 mln

05/03/2003 14:27:03
Superscape signs Japan distribution deal for 3D product with Disco, Wirebee.

05/03/2003 13:39:48
Superscape to cut 26 of 87 staff, reduce costs; sees savings of 1.7 mln stg/yr.

19/12/2002 11:12:57
Superscape chief executive maintains 1.52 pct stake

11/12/2002 08:55:35
Superscape says 1st game to be developed with THQ will be Astrosmash.

09/12/2002 09:51:30
Superscape, Cybiko Wireless to develop mobile phone 3D games suite.

18/11/2002 13:34:42
Superscape''s swerve technology used for game on new HP iPAQ pocket PC.

21/10/2002 09:20:18
Superscape H1 pretax loss 4.88 mln stg vs loss 4.61 mln.

21/10/2002 09:13:10
Superscape in placing to raise 6.5 mln stg; sees H2 revenues up after H1 slump

05/09/2002 08:13:58
Superscape, THQ Wireless extend collaboration with revenue-sharing deal.

14/08/2002 09:28:10
Superscape, ARM extend collaboration for 3D on mobile platforms.

02/08/2002 10:01:48
Superscape, THQ in collaboration deal for 3D games for mobiles

11/04/2002 10:10:16
ARM, Imagination Technologies, Superscape to collaborate on wireless 3D

"( So basically there is an average of one deal every 6 weeks and I think we are due to hear some in the very near future!!)"

major shareholders amount % holding

ARM Holdings PLC 11.96
Gartmore Investment Management PLC 7.23
Finsbury Technology Trust PLC 5.89
Kinsale Mgmt Ltd 3.40
Herald Investment Trust PLC 3.19

other directors
name amount % holding
Kevin Joseph Roberts 1,353,594 1.095
Andrew Dominic Tait 392,264 0.317
Peter Pete Magowan 178,572 0.144
Alastair Marsh 67,800 0.055
David Gordon Lee 50,715 0.041
Larry Quinn 33,900 0.027
Michael James Inglis 10,170 0.008
Copyright © Hemscott Group Limited Disclaimer

"(SO there is a good deal of support by the finincial institutes which is a bull point.)"

DIRECTORS DEALINGS

As above and recently the aquired thier share in the placing and open offer as such

Michael Inglis 25/11/2003
Rights taken up 10170 29.5 3000 10170 0.008 Placing and open offer

Larry Quinn 25/11/2003
Rights taken up 33900 29.5 10001 33900 0.027 Placing and open offer

Alastair Marsh 25/11/2003
Rights taken up 67800 29.5 20001 67800 0.055 Placing and open offer

Brokers Forcast
"Well only one broker covering SPS....EBG and been bullish about SPS with a BUY recommendation!!"

BULL points

"@ 35% of the company shares with major institutions, including ARM. Well there are hundreds of small companies out there, and if superscape don`t have a recipe of a successful company they would not have the back up of these big names! @ Booming, explosive sector......mobile gaming!!"

"@ A long list of contracts been signed so far with big players, the like of Motorola,Sumsung, Siemens, Disney, Sony,to name but few and more to come in the next 3 months."

"@ Some of the financial tipsters are getting excited about this company and been tiped few times in the past...as well as new year tip which work both ways!!"

Bear points
@ No forcast of future revenues, so nobody knows if all these contracts signed will generate enough cash till profitibility.
@ The recent open offer which was unexpected.
@ They consume around 5mil a year!! (what do they do with the money), although they cut the number of employee.
@ The market may not take 3D concept as much as we think!
@ The company never made a single penny in profit, so it a jam tomorrow type company and if they don`t make this time then we are all doomed......
@ Nokia decided to develop thier own client, as well as other companies may start competing in the same market. but this one is not happening soon, I hope!!

"I think most of the SPSer on this board share this Verdict with me.......A high risk/reward company with a high chance of its technology to become a defacto of the mobile 3D market......so all in all it is a BUY after you do your own research!!"

"I hope you find this helpful and don`t hesitate to correct me if I am wrong.
Happy new year and best of luck!!
wisam"
-------------------------------------
As I said, an excellent article and very good research, he should be working for the Financial Times. IMHO.
---------------------------------