Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
In terms of Omnimark maintenance revenues it has taken nearly a couple of decades to reach these levels. In terms of Migrate revenues these are only around the few hundred thousand mark and they too have taken some 10 years to reach these levels after a tremendous amount on hard work and effort from management. Bearing in mind that Migrate is their star product. Let's not forget that Migrate revenues have only reached these levels after years and years of incremental enhancements. These enhancements as we all know has taken and will continue to take years rather than months. I think the question that is on everybody's mind is "when will Author Bridge start to contribute to the bottom line?" They have stated in their annual reports that they started developing it in 2014 with IBM. 2 years later in 2016 it was put onto IBMs systems and was put into the Nuclear Regulatory Commission. A further year later Author Bridge was available as a trial version around March 2017. Stilo have also said that they still need to do work to get it ready which clearly is taking a lot longer. Those 2 jobs have been advertised for over 8 months. They too have said that the Migrate Jats service is going to be incremental just like Migrate Dita. I really do think that it is still going to take a considerable amount of time before we see a meaningful difference to the bottom line. I am in this for the very long term and with no further announcements expected until their year end in March 2018; difficulties filling those jobs; huge delays with Author Bridge with it still not being ready; incremental changes to the new Jats service for which customers will come on slowly, I believe time is the most important factor. Deliver they will but it is taking a tremendous amount of time. Let's not forget it has now been nearly 4 years since work on Author Bridge began and they have stated that it still needs a lot more work to be done. After the work is done and during this time management still need to continue marketing it. The long haul is in the making unless Stilo can make some major and immediate progress but as we all know these complicated and intricate software products take masses of time like Omnimark and Migrate Dita before. They take years and not months. Already they have been working on Author Bridge since 2014, only have 2 small agreements with 2 companies, whilst recently stating that they still need to do ore work to it. So, already 4 years have gone by and no meaningful revenues have been generated. This share really is for the long term investor and there are many of these within these boards who have been waiting for decades. Quite a lot of very long term investors here who have been waiting anything up to 15 to 20 years to date. That is some waiting. In closing, we all know Stilo will get it right at some stage. Like everyone who has been a long standing investor knows only too well its a question of when t