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Provider of portfolio analysis and asset pricing services for the global asset management industry, StatPro Group (SOG) has updated on “trading in Q3 2014 in line with market expectations” and that it “looks forward to a successful outcome for the year”. With me having concluded with the shares at 84p in August that they were not likely materially undervalued, the following updates my view with them having since slipped to 72p.
A results statement for the first half of the 2014 calendar year from provider of portfolio analytics for the investment community, StatPro Group (SOG) affirms “solid progress on the execution of our strategy to transition fully to a cloud-based business” but that this, together with increased expenditure on sales people and marketing activities, has impacted earnings. The following reviews with the shares currently unchanged on the results announcement at 84p.
Provider of portfolio analytics for the investment community with approximately 450 clients in 36 countries around the world, StatPro Group (SOG) has updated on 2013 trading “in line with market expectations” and that “our sales pipeline continues to grow”. With, at 86p, the shares down from 95.5p reached in the final quarter of 2013 and capitalising the company at £58 million, is there value on offer here?
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