Advanced Computer Software Group plc

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Advanced is a leading provider of software and IT services to the public, private and not for profit sectors which enable organisations to improve efficiency, reduce costs and drive growth. With approximately 1,900 staff serving 20,000 customers throughout the UK, Advanced is one of the largest listed UK-based software companies.

Website:
http://www.advancedcomputersoftware.com/
Phone:
+44 (0)1932 584000
Address:
Munro House, Portsmouth Road, Cobham, Surrey KT11 1TF.
Super Sector:
Software & Computer Services
Sector:
Software & Computer Services
Industry:
Software
EPIC / Symbols:
LON:ASW
chart-size
*subject to change and depends on individual circumstances.

Advanced Computer Software Group plc RNS Press Releases

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Advanced Computer Software Group plc Articles, News, and Media Files

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Advanced Computer Software Group plc Related Media

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Broker press

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  • 04/06/14
    +2.00 +124.25

    Panmure Gordon reiterates its "buy" rating and raised its price target to 155p from 139p.

  • 03/02/14

    03.02.14 :-4.5, (110.5) Panmure Gordon reiterates its "buy" rating and raised its price target to 139p from 132p.

  • 08/03/13

    08.03.13 :-3.37, (94.38) Canaccord Genuity reiterates its "buy" rating and raised its price target to 108p from 80p.

  • 10/12/12
    +0.75 +69.25

    Canaccord Genuity reiterates its "buy" rating and raised its price target to 80p from 75p.

  • 28/11/12
    +1.25 +66.50

    Canaccord Genuity reiterates its "buy" rating and raised its price target to 75p from 72p.

Director dealings

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Date Director Trans Amount Type Price(p) Value (£) Holding %
07/08/14 M.E.W. Jackson SELL 1,072,884 ORD 116.10 1,245,618 0,000 N/A
07/07/14 M.E.W. Jackson SELL 121,905 ORD 115.87 141,251 1,072,884 0.22
04/07/14 M.E.W. Jackson SELL 78,095 ORD 116.15 90,707 1,194,789 0.25
04/07/14 M.E.W. Jackson SELL 150,000 ORD 118.75 178,125 1,272,884 0.27
04/02/14 M.E.W. Jackson SELL 700,000 ORD 109.00 763,000 1,422,884 0.30

BASIC RESULTS INFORMATION

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Date Type Turnover Profit EPS (p) Dividend (p) Currency
31/08/14 Interim 108.10 7.80 1.30 0.00 GBX
28/02/14 Full year 203.15 12.06 2.90 0.44 GBX
31/08/13 Interim 99.10 4.80 0.90 0.00 GBX
28/02/13 Full year 120.91 9.16 2.60 0.40 GBX
31/08/12 Interim 50.60 3.70 0.90 0.00 GBX

DIVIDEND HISTORY

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Currency Ex-Date Pay Date Net Dividend Currency Total for year
H2 Dividend 06/08/14 02/09/14 0.4400 GBX
H2 Dividend 11/09/13 08/10/13 0.4000 GBX

Company Statement

Advanced Computer Software Group plc comprises three main divisions: Business Solutions, Health & Care and Advanced 365 (Managed Services). Together, these divisions provide a range of software and IT services that enable public, private and third sector organisations to retain control, improve visibility and gain efficiencies through streamlined processes.

Advanced already has over 7,000 customers and we pride ourselves on developing long-term relationships with them to ensure we meet their evolving needs.

Our strategy is to continue to expand rapidly through product innovation, selective acquisitions and technical collaboration.

 

June 2014 - Annual results please see video below

 

Current Operations

Advanced Computer Software Plc comprises three main divisions: Business Solutions, Health & Care and Managed Services. Together, these divisions provide a range of software and IT services that enable public, private and third sector organisations to retain control, improve visibility and gain efficiencies through streamlined processes.

Advanced already has over 7,000 customers and we pride ourselves on developing long-term relationships with them to ensure we meet their evolving needs.

Our strategy is to continue to expand rapidly through product innovation, selective acquisitions and technical collaboration.

 

Advanced Business Solutions:

Advanced Business Solutions (currently trading as COA Solutions) designs, develops, implements and supports highly scalable software solutions that are widely used in a range of public, private and third sector service-based organisations.

These solutions, which comprise an integrated suite of applications including financial accounting, procurement, human resources, payroll, document management and business intelligence, extend the value and effectiveness of the finance, human resource and payroll departments across the organisation, enabling managers to monitor, analyse and continually improve corporate performance. Organisations also benefit from more efficient, transparent and controlled operations. (Read More)

 

Advanced Health & Care:

Advanced Health & Care  is a leading supplier of:

    * IT management systems for urgent and unplanned care, homecare, residential care and hospices;
    * Mobile information systems for community carers; and
    * Back office systems for NHS trusts, local authorities and care providers.

Working with partners in the NHS, local government and the private sector, Advanced Health & Care is delivering IT in support of safe and efficient care delivery and greater information for both the commissioner and care provider. Advanced Health & Care’s unique proposition is the breadth of integrated health and care solutions from patient-facing IT systems through to back-end operational systems and services.

Advanced Health & Care provides the following products: Adastra, Crosscare, eFinancials Smart Business Suite, Saturn and StaffPlan.

 

Adbanced Managed Services:

BSG designs, deploys, operates and improves IT services from the desktop to the data centre that help customers to align their IT to their core business requirements. We aim to help IT departments free themselves from day to day operational activity to allow them to deliver strategic value back to their business by creating an agile and scalable infrastructure that is closely aligned to their organisations' core business operations.

We achieve this by:

    * Managed services focusing on the core utility components of our customers IT operations (e.g. monitoring, backup, email and hosting).
    * Application development to deliver a fully-supported application managed service for both existing legacy applications or new applications developed by BSG.
    * Delivered either as a hosted service managed via the BSG data centre suite, remotely from your comms room, as part of a cloud-based service via one of the many public cloud platforms available, or as a hybrid solution utilising a combination of these delivery environments based upon your requirements. (Read More)

 

Management

Michael Jackson, Chairman

 

Michael was appointed Chairman of Advanced in August 2008 and is also Chairman of the Audit Committee and Nomination Committee and a member of the Remuneration Committee. He founded Elderstreet Investments Limited in 1990 and is its executive Chairman. For the past 30 years he has specialised in raising finance for the smaller companies sector. He was previously chairman of FTSE 100 companies, The Sage Group plc and PartyGaming plc as well as Computer Software Group plc, the business that later became Computer Software Holdings. He is a director of many quoted and unquoted companies, including Elderstreet portfolio companies.

 

Vin Murria, Chief Executive Officer

 

Vin joined Advanced in August 2008 as Chief Executive Officer. She has 25 years’ experience of working for private equity-backed and publicly listed companies focussing on the software sector. She was formerly Chief Executive Officer of Computer Software Group plc, which she took private in April 2007. Her previous roles include Chief Operating Officer for Kewill Systems plc, Chairman of Leeds Group plc and a non-executive director of Concateno plc. Vin is a partner at Elderstreet Capital and a non-executive director of Greenko plc, and Chime Communications plc.

 

Guy Millward, Chief Financial Officer

 

Guy joined the Board as a non-executive director in November 2012 and on 10 June 2013 was appointed Chief Financial Officer. He has spent the majority of his career in the IT industry, most recently as Group Finance Director of private equity-owned BigHand Limited. Previous roles include Group Finance Director of listed companies Kewill plc, Alterian plc and Morse plc, and at an IT division of GE.

 

Barbara Firth, Chief Operating Officer, Acquisitions and Integration

 

Barbara was previously Chief Financial Officer of Computer Software Group plc where she worked closely with Vin Murria and Michael Jackson until the merger with IRIS Software Group Limited in July 2007. Following the merger Barbara was Acquisitions Director of the combined group until joining Advanced as Chief Financial Officer in September 2009. Following the acquisition of Computer Software Holdings in March 2013, Barbara was appointed Chief Operating Officer with specific responsibility for acquisitions and integration.

 

Mike McGoun, Non-executive Director

 

Mike was appointed to the Board in November 2012. He chairs the Remuneration Committee and is a member of the Audit Committee. He has a wealth of management experience within the IT industry. After ten years at IBM, Mike co-founded a successful ComputerLand franchise in 1984. In 1994 he moved to SkillsGroup plc (now known as QA plc) as a main board director with responsibility for corporate development. Most recently he was non-executive Chairman of Tikit plc, a provider of software, consultancy and services to legal and accounting firms in the UK, until its acquisition by British Telecom in November 2012.

 

Paul Gibson, Chief Operating Officer, Operations

 

Paul was appointed to the Board of Advanced in November 2012, having been Chief Operating Officer since 2010. Paul was Finance Director at COA Solutions for eight years before its acquisition by Advanced in 2010. Prior to that he was European Finance Director of a NASDAQ-listed systems integrator and spent seven years with Oracle where his final role was as the director responsible for establishing its European shared services centre in Dublin.

 

Dr Chris Hand, Non-executive Director

 

Chris was appointed to the Board in December 2013 and is a member of the Audit Committee and Remuneration Committee. He is Chief Executive Officer of Abingdon Health Limited, a director of Bioscience Ventures Limited and Alta Bioscience Limited and Chief Executive Officer of Molecular Vision Limited. Chris co-founded AIM-listed medical diagnostics company Cozart plc and was Chief Executive until 2007 when the company was sold to Concateno plc. Chris was a non-executive director of Concateno until its sale in 2009 and remained with the company as a consultant until June 2010. Prior to founding Cozart, Chris was Director of Research for the European base of DPC (now part of Siemens Healthcare Solutions).

Major Shareholders

Name %
   
M+G Investment Management 14.94%
Marwyn Investment Management LLP 11.79%
Blackrock Investment Management 10.66%
Vin Murria 10.16%
Fidelity Investments 4.52%
Royal London Asset Management 4.10%
JPMorgan Asset Management     3.89%
Hargreave Hall, stockbrokers 3.61%
Mr Nick Gerard 3.38%
Majedie Asset Management 3.06%


For more investor information click here

  • Additional Information
    Market
    AIM
    EPIC
    ASW
    Share Price
    138.13p
    Change
    0
    Volume
    220,222
    Dividend
    0.44
    EPS
    2.90
    Shares
    479.12 m
    Offer
    138.25
    Bid
    138
    Avg. Vol
    482,041
    Yield
    0.00
    P/E
    47.63
    Mkt Cap
    £661.81 m
  • Latest Stocktube
    04/11/2014

    Advanced Computer Software chief on interims, tax inversions and share price

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  • Contact Information

    Head Office


    Munro House, Portsmouth Road
    Cobham, Surrey
    KT11 1TF, United Kingdom

    Telephone: 0845 160 6162
    Fax: 01932 584 001

    Email: enquiries@advcomputersoftware.com

     

    Corporate Information

    Registered Office
    Quadrant House, Floor 6
    4 Thomas More Square
    London E1W 1YW

    Nominated Advisor and Broker

    Singer Capital Markets Ltd
    One Hanover Street,
    London W1S 1YZ

    Registrars
    Capita Registrars
    The Registry
    34 Beckenham Road
    Beckenham
    Kent BR3 4TU

     

    Joint broker
    Mirabaud Securities LLP
    21, St James’s Square
    London
    SW1Y 4JP

    Legal Advisors
    CMS Cameron McKenna LLP
    Mitre House
    160 Aldersgate Street
    London
    EC1A 4DD

    Auditors
    KPMG Audit Plc
    Arlington Business Park
    Theale, 
    Reading
    RG7 4SD

     

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