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Proactiveinvestors United Kingdom Allocate Software http://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom Allocate Software RSS feed en Wed, 16 May 2012 17:26:49 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/120514all2912d/ Mon, 14 May 2012 14:13:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/120514all2912d/ <![CDATA[RNS press release - Exercise of Options ]]> http://www.proactiveinvestors.co.uk/companies/rns/120511all2169d/ Fri, 11 May 2012 16:54:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/120511all2169d/ <![CDATA[RNS press release - Notification of Major Interest in Shares ]]> http://www.proactiveinvestors.co.uk/companies/rns/120509all9966c/ Wed, 09 May 2012 14:24:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/120509all9966c/ <![CDATA[RNS press release - Exercise of Options ]]> http://www.proactiveinvestors.co.uk/companies/rns/120509all9707c/ Wed, 09 May 2012 11:22:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/120509all9707c/ <![CDATA[RNS press release - Exercise of Options ]]> http://www.proactiveinvestors.co.uk/companies/rns/120426all1891c/ Thu, 26 Apr 2012 17:37:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/120426all1891c/ <![CDATA[RNS press release - Exercise of Options ]]> http://www.proactiveinvestors.co.uk/companies/rns/120417all4486b/ Tue, 17 Apr 2012 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/120417all4486b/ <![CDATA[RNS press release - Exercise of Options ]]> http://www.proactiveinvestors.co.uk/companies/rns/120315all4407z/ Thu, 15 Mar 2012 14:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/120315all4407z/ <![CDATA[RNS press release - Notification of Major Interest in Shares ]]> http://www.proactiveinvestors.co.uk/companies/rns/120224all0317y/ Fri, 24 Feb 2012 07:07:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/120224all0317y/ <![CDATA[RNS press release - Exercise of Options ]]> http://www.proactiveinvestors.co.uk/companies/rns/120220all7208x/ Mon, 20 Feb 2012 10:47:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/120220all7208x/ <![CDATA[Media files - Allocate Software CEO says he feels "comfortable" with broker targets for FY profit ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/1020/allocate-software-ceo-says-he-feels-comfortable-with-broker-targets-for-fy-profit-1020.html Allocate Software (LON:ALL), tells Proactiveinvestors that with good institutional support the value proposition is very compelling with the stock at 79p. He says that while he is now looking overseas for opportunities there still remains a significant opportunity for Allocate Software in its primary business here in the UK healthcare market; with 42% of the sector already using Allocate's programming, there remains 39% of the NHS still not using ANY rostering software. ]]> Wed, 08 Feb 2012 15:53:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/1020/allocate-software-ceo-says-he-feels-comfortable-with-broker-targets-for-fy-profit-1020.html <![CDATA[News - Allocate Software has strong momentum despite NHS uncertainty, says boss ]]> http://www.proactiveinvestors.co.uk/companies/news/38653/allocate-software-has-strong-momentum-despite-nhs-uncertainty-says-boss-38653.html Underlying revenue growth of 15% in its latest half showed the strong momentum behind sales of its HealthRoster software into the NHS says chief executive Ian Bowles.

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Mon, 06 Feb 2012 14:26:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/38653/allocate-software-has-strong-momentum-despite-nhs-uncertainty-says-boss-38653.html
<![CDATA[News - Allocate Software grows underlying revenues ]]> http://www.proactiveinvestors.co.uk/companies/news/38625/allocate-software-grows-underlying-revenues-38625.html Staff rostering specialist Allocate Software (LON:ALL) said today underlying revenues grew in its latest half-year despite disruption to its primary care business due to NHS reforms.

Revenues overall rose to £16 million from £15.9 million in the half year to November, with underlying sales up by 15% excluding acquisitions and a £3 million contract in Australia that came through this time in the previous year.

The absence of that contract meant underlying profits fell from £3.8 million to £1.6 million, while the impact of NHS changes on primary care trusts (PCTs) meant Allocate also wrote down the value of its Dynamic Change business by £3.9 million.

That charge, plus costs for acquisitions Zircadian and Rosteron and the absence of the Australian contract meant an overall loss of £6.57 million for the half year.

Chief executive Ian Bowles said: “Our UK Healthcare business is performing at a level that is satisfactory given the continuing debate about restructuring changes in the NHS. We expect this year to secure a similar number of HealthRoster agreements to those contracted last year and the recently acquired Zircadian business is performing in line with our expectation.“

He added that the group had taken a number of initiatives to revitalise Dynanic Change and to leverage its strength in Acute Trusts. 

“These initiatives are progressing well, momentum is building and I am confident that this business will continue to recover,” he added.

Allocate’s defence arm also recently secured an extension to its multi-million pound contract with the Australian Defence Force, which will contribute to full year revenues. 

Licence revenue in the first half overall was £5.4m (2010: £7.7m), while services and support revenue grew by 29% to £10.6m (2010: £8.2m).

Another eleven NHS trusts took Allocate’s core HealthRoster software in the first half to make 143 in total, with three more extending their contracts.

“The continued organic growth and momentum across the enlarged group makes for a confident outlook for the rest of the year. The broad geographical customer base that Allocate now has enables us to maintain this confidence in our current outlook, notwithstanding the prevailing economic environment,” Bowles added.

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Mon, 06 Feb 2012 08:05:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/38625/allocate-software-grows-underlying-revenues-38625.html
<![CDATA[RNS press release - Half Yearly Report ]]> http://www.proactiveinvestors.co.uk/companies/rns/120206all8248w/ Mon, 06 Feb 2012 07:01:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/120206all8248w/ <![CDATA[RNS press release - Notice of Results ]]> http://www.proactiveinvestors.co.uk/companies/rns/120117all6552v/ Tue, 17 Jan 2012 07:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/120117all6552v/ <![CDATA[News - Allocate Software on track to reach full-year targets - UPDATE ]]> http://www.proactiveinvestors.co.uk/companies/news/37598/allocate-software-on-track-to-reach-full-year-targets-update--37598.html

---Adds comments from broker Numis Securities---

Workforce optimisation specialist Allocate Software (LON:ALL) said the company’s performance in the first half to end-November 2011 was in line with its expectations and it is on track to achieve its revenue and profit targets for the full year.

The pipeline of business in the UK Healthcare sector is robust and continues at recent levels with Time Care in Sweden performing well and the Australian healthcare business continuing to develop. The performance of the Defence sector is also meeting expectations, the group told investors.

The first half saw two important acquisitions: RosterOn in Australia in July and Zircadian in the UK in August, The integration of both is making good progress.

During the first half, Allocate was awarded 12 new contracts for HealthRoster, its e-Rostering application, of which 11 were for the NHS, increasing the total NHS e-Rostering customer base to 156 Trusts. 

In addition, the company won one new HealthRoster contract in Malaysia/Brunei, saw three NHS Trusts extend their HealthRoster licences, won four new customers for Dynamic Change and six new customers for Time Care.

Post half-year end, the Defence business secured a major contract with the Australian Defence Force, a multi-year, multimillion pound license extension to its current license base that will extend the deployment of MAPS to all personnel in the Australian Army.

The Maritime business closed an important new order with engineering, offshore oil and gas company McDermott.

Chief executive Ian Bowles said:  "I am pleased with the momentum and performance of Allocate in this half year. We are experiencing great customer support; in addition prospective customers are selecting our applications following competitive tendering processes.  

“Ideally, I would prefer to see a faster closure rate on some of the NHS transactions but I am reassured by the number of prospects that are coming to market and that NHS Trusts are increasingly engaging with us to discuss their plans. 

"Despite the current environment, I am confident that we remain on track for our full year revenue and profit targets," the CEO added.

Results for the first half will be released in early February 2012.

In a note to clients today Numis Securities analyst David Toms said: “Allocate's H1 trading update indicates a performance in line with management expectations and comments that despite the macroeconomic environment Allocate is ‘on track for our full year revenue and profit targets’. 

“We leave our forecasts unchanged, underpinned by a ‘multimillion GBP license extension’ for the

Australian Army which has occurred early in the second half.”

Numis has a ‘buy’ recommendation for the stock with a 100p a share target price. Going forward the analyst reckons the stock may see a re-rating.

“As we draw nearer to the high visibility revenues from contract extensions and international growth continues, we see good scope for a rerating,” he explained.

Today on AIM Allocate was up 1.5p, or 2 per cent, trading at 79p a share.

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Mon, 09 Jan 2012 13:47:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/37598/allocate-software-on-track-to-reach-full-year-targets-update--37598.html
<![CDATA[News - Allocate Software on track to reach full-year targets ]]> http://www.proactiveinvestors.co.uk/companies/news/37583/allocate-software-on-track-to-reach-full-year-targets-37583.html Workforce optimisation specialist Allocate Software (LON:ALL) said the company’s performance in the first half to end-November 2011 was in line with its expectations and it is on track to achieve its revenue and profit targets for the full year.

The pipeline of business in the UK Healthcare sector is robust and continues at recent levels with Time Care in Sweden performing well and the Australian healthcare business continuing to develop. The performance of the Defence sector is also meeting expectations, the group told investors.

The first half saw two important acquisitions: RosterOn in Australia in July and Zircadian in the UK in August, The integration of both is making good progress.

During the first half, Allocate was awarded 12 new contracts for HealthRoster, its e-Rostering application, of which 11 were for the NHS, increasing the total NHS e-Rostering customer base to 156 Trusts.

In addition, the company won one new HealthRoster contract in Malaysia/Brunei, saw three NHS Trusts extend their HealthRoster licences, won four new customers for Dynamic Change and six new customers for Time Care.

Post half-year end, the Defence business secured a major contract with the Australian Defence Force, a multi-year, multimillion pound license extension to its current license base that will extend the deployment of MAPS to all personnel in the Australian Army.

The Maritime business closed an important new order with engineering, offshore oil and gas company McDermott.

Chief executive Ian Bowles said:  "I am pleased with the momentum and performance of Allocate in this half year. We are experiencing great customer support; in addition prospective customers are selecting our applications following competitive tendering processes. 

“Ideally, I would prefer to see a faster closure rate on some of the NHS transactions but I am reassured by the number of prospects that are coming to market and that NHS Trusts are increasingly engaging with us to discuss their plans.

"Despite the current environment, I am confident that we remain on track for our full year revenue and profit targets," the CEO added.

Results for the first half will be released in early February 2012.

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Mon, 09 Jan 2012 08:42:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/37583/allocate-software-on-track-to-reach-full-year-targets-37583.html
<![CDATA[RNS press release - H1 Trading Update and Contract Wins ]]> http://www.proactiveinvestors.co.uk/companies/rns/120109all1849v/ Mon, 09 Jan 2012 07:01:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/120109all1849v/ <![CDATA[RNS press release - New Long Term Incentive Plan ]]> http://www.proactiveinvestors.co.uk/companies/rns/111202all2136t/ Fri, 02 Dec 2011 07:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/111202all2136t/ <![CDATA[RNS press release - Result of AGM ]]> http://www.proactiveinvestors.co.uk/companies/rns/111130all0884t/ Wed, 30 Nov 2011 15:05:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/111130all0884t/ <![CDATA[News - Health service pressures highlight opportunity for Allocate Software ]]> http://www.proactiveinvestors.co.uk/companies/news/36116/health-service-pressures-highlight-opportunity-for-allocate-software--36116.html Ageing populations and cuts to healthcare budgets are providing opportunities for IT companies specialising in the health arena such as staff rostering specialist Allocate Software.

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Fri, 25 Nov 2011 08:06:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/36116/health-service-pressures-highlight-opportunity-for-allocate-software--36116.html