UK 20:29 Monday, 12 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Logo
Menu

SPE

SPE

Sopheon – trading update, how valuable is its “SaaS transition” proving?

Previously writing on innovation management software and services company Sopheon (SPE), 17 months ago with the shares rising above 925p I concluded that I wasn’t prepared to pay a market cap of more than £100 million at that stage of ‘SaaS transition’ here. The shares most recently closed at 625p but are currently up to 680p on the back of a trading update. So what’s the situation now?

SPE

Sopheon – interims, how valuable is its “SaaS transition”?...

Previously writing on enterprise innovation management technology and services company Sopheon (SPE), in June with the shares at 925p I concluded that with all the change, following “review”, and the current valuation, I’ll continue to monitor but on the shares currently continue to avoid. They last closed at 880p but are currently above the June price on the back of half-year results. So, what’s the story?...

SPE

Sopheon – an argued “substantial opportunity ahead”… so director share sales?!

An announcement from ‘enterprise innovation management’ software and services company Sopheon (SPE) includes Chairman Barry Mence commenting “we continue to believe that we have a substantial opportunity ahead of us and we are delighted with our continued successful migration to a SaaS subscription model” and “this placing will help to provide greater liquidity in the company's shares and meets with our long-standing objective of expanding our institutional shareholder base”. Hmmm – so a substantial opportunity but an expanded institutional shareholder base needed?...

SPE

Sopheon – 2019 only “a pause” in growth… or not?...

Sopheon (SPE), a self-styled “international provider of software, expertise, and best practices for enterprise innovation management solutions”, has updated including “several vertical markets where Sopheon operates - food, beverage and consumables; chemicals; defense - are showing resilience to the crisis at present” and “we are seeing orders restart from our existing customers, as their own operations settle down” – and it is “to proceed with our declared dividend of 3.25p per share”. The shares have currently remained around 700p...

SPE

Sopheon – trading update… but I thought still “a significantly expanded sales pipeline”?...

Previously writing on self-styled “provider of software and services for Enterprise Innovation Management and Strategy Execution Management”, Sopheon (SPE), I questioned in July no change in “expected commercial momentum”, concluding, with the shares at 800p, with what is currently being delivered and clear commercial momentum risk, avoid / sell. Now “Trading Update”…

SPE

Sopheon – no change in “expected commercial momentum”? Er…

A trading update from self-styled “international provider of software and services for complete Enterprise Innovation Management solutions” Sopheon (SPE) includes “since January, we have increased our sales pipeline value by 48 percent… includes a large number of opportunities where we are strongly positioned and that we remain confident have a high probability of closing in the balance of the year”. So why are the shares - at 800p - currently approaching 15% lower?...

previous 0 Page 1 of 2 (31 articles) next 11

Latest News

Show All

Recent Comments

WELL INFORMED
WELL INFORMED12 Oct 2026
You could guarantee an instant sell-out by main eventing Roland "Fatty" Cornish doing the limbo.
Jim Mellon’s coming back to Sharestock in 2027: early bird tickets now on sale
PHIL5566
PHIL556612 Oct 2026
Excellent information. Thank you so much. So I was not just dreaming that the road was started and would soon reach TK multiple times. Building of anything always seems to take so long, though travellers can turn a field into a concreted and fenced off traveller site in 24 hours.Why countrys/companies dont get these guys in to build things is beyond me. Though I suppose you need to follow the rules.
Kefi: Rejoice, rejoice
PHIL5566
PHIL556612 Oct 2026
It sounds reckless. Almost to the extreme.I look at my isa and sipp portfolio and feel it is reckless.I own 19 stocks in my SIPP and 18 stocks in my ISAs, there is much overlap between the 2.So 25 stocks in total and some of these are investment trusts that have their own spread of stocks.My largest holding is 17% of my total and it produces 20% of my income.Any stock can stop paying dividends and disappear at the drop of a dictators hat.I held Raven Russia that are now worthless. (property distribution centres what could go wrong)Though if it pays off, you will be goat farming whilst I am still trying to choose a replacement car.
Tom Winnifrith Bearcast: 3 new share trades, Lucian is Cassandra and 2 things I expect
EASYASOT3
EASYASOT312 Oct 2026
This is indeed good news. After the attack, I posted that in my estumation KEFI needed to report the position within a month or so, as that seemed a fair amount of time to undrrstand the situation and arrange additional security measures. This reassuring update comes just over 5 weeks since the incident, which aligns with my expectation.
Kefi: Rejoice, rejoice
Putneywill
Putneywill12 Oct 2026
Tom, I think you would have to factor in concurrent delay to a programme and re-sequence. it will be probably be a couple of months and some considerable cost? 5 weeks stoppage is not a biblical disaster on a project like this.
Kefi: Rejoice, rejoice
EDDIEB100
EDDIEB10012 Oct 2026
Yes, I too very much enjoyed chatting to some of the youngsters. I also learned a new piece of teen slang: ‘what are you feeling?’ apparently means: ‘which dish would you prefer for lunch?’
Jim Mellon’s coming back to Sharestock in 2027: early bird tickets now on sale
TOM
TOM12 Oct 2026
ah yes 5 weeks of inaction creates an 18 month delay... whatever you say.If that was the case Kefi would have had to announce it, Stufel would have ensured that. It hasnt
Kefi: Rejoice, rejoice
NEMESIS2
NEMESIS212 Oct 2026
I am not invested here but having been involved with East African business before I retired have followed the saga with interest. (I have been holding Aminex for 15 years waiting for gas production!)My take is read the RNS very carefully for the implications to timelines, financing and main contractor involvement. The revised security arrangements cannot be implemented until all the local community is resettled away from the site. with new housing completed. Having looked at the recent interims and 2025 accounts there are no payments or provisions made for the cost.Also noted £5.7m paid to the Banks in advanced fees, this will not have been the first such payment, non refundable of course. Watch the situation in the North. The last war delayed the project financing for years and there is no way the Banks will lend whilst this is ongoing, as well as them needing to be satisfied with the arrangements at TK. My estimation is that TK is now 12/18 months behind schedule and will most likely need yet another diluting fund raise at some point. My view is that Kefi shares are at best a hold for the patient prepared to take a 5 year view, I am too old!
Kefi: Rejoice, rejoice
COLORBLIND86
COLORBLIND8612 Oct 2026
I agree with you; it's great it's back on track but yes some of the stuff peddled as getting back underway is quite funny. It's classic Harry. A quick ask of copliot when it comes to that "access road and infrastructure" tells you the following: - Access road and infrastructure chronology 13 February 2024: surveys and preparatory works In Tulu Kapi Gold Project Update, 13 February 2024, KEFI said that low-cost project-launch preparations had started while it awaited project funding drawdown.The road contractor was reported to be:upgrading some bridges on the existing access routessurveying the proposed additional all-weather access roadOther enabling infrastructure included procurement of equipment needed to connect the project to the national electricity grid. KEFI also referred to communications and staging bases being installed along the transport route as part of upgraded security arrangements. [kefi-golda...copper.com]Position at this stage: preparatory and survey work, rather than construction of the new main road.7 January 2025: construction of the main access road commenced In Company Update, 7 January 2025, KEFI announced that certain “Major Works” had started, including construction of a new main access road between the highway and the Tulu Kapi site.KEFI described this as a government-funded project that significantly reduced risk to the overall development schedule. [kefi-golda...copper.com]This was an important change from the February 2024 position:February 2024: bridge upgrades and surveysJanuary 2025: construction of the new main highway-to-site road underway2 September 2025: road, power and plant infrastructure agreements In Tulu Kapi Gold Project Update, 2 September 2025, KEFI said that it, the main project contractors and the relevant Ethiopian government agencies had signed or approved definitive project contracts, subject to lender approval.These contracts covered:construction of the processing plant and associated infrastructureprovision of powernew roadslong-term mining capabilityKEFI also said that field activities were on schedule at that point and that full development was expected to begin in October 2025. [kefi-golda...copper.com]Position at this stage: the road and wider infrastructure package had moved beyond preliminary planning into government and contractor agreements, although the overall programme remained linked to final lender approval and finance completion.13 October 2025: construction projects continuing In Tulu Kapi Gold Project Update, 13 October 2025, KEFI said that various construction projects were already underway and advancing as part of the sequenced launch of the wider US$340 million project.The announcement did not provide a separate road-completion percentage or detailed breakdown of the individual infrastructure projects. [kefi-golda...copper.com]4 August 2026: visible physical progress on site In Operational Update, 4 August 2026, KEFI reported physical progress that included:installation of an electrical substationconstruction of a new access road from the bitumen highway to the siteconstruction of housing away from the mining licence areamobilisation of personnel, subcontractors and systems by Lycopodium, Ethiopian Electric Power, the Ethiopian Roads Administration and BCMmore than 50% of major project equipment either ordered or ready for orderingKEFI said the principal project milestones remained on schedule, with commissioning targeted for late 2027 and full production in mid-2028. [kefi-golda...copper.com]This is the first RNS in the sequence that clearly describes both the new road and electrical substation as physical works on the ground.7 September 2026: completion dates disclosed, followed by suspension In Tulu Kapi Update, 7 September 2026, KEFI provided more specific scheduling information:the new access road had commenced and was scheduled for completion in December 2026the electricity connection was progressing and was planned for completion before the end of 2027, in time to support commissioningplant and equipment had been ordered, with deliveries scheduled throughout 2027community resettlement and contractor arrangements were being phased around the sequence of earthworks and constructionHowever, KEFI also announced that project development activities had been immediately suspended following the fatal security incident on 4 September 2026. The company said development would not resume until arrangements were established to provide a safe and secure operating environment.The road has been commenced so many times it's almost comical.
Kefi: Rejoice, rejoice
DUCKnDIVE
DUCKnDIVE12 Oct 2026
Excellent news – but still waiting on the promised funding to arrive.
Kefi: Rejoice, rejoice

Complete Coverage

That Was the Week that Was 7 Days of ShareProphets

Monday »

Boom
Sharestock 2027: early bird priced tickets on sale
  • By Tom Winnifrith
  • 4 hours ago
THRU
Thruvision – “H1 Trading Update”, how ‘encouragingly’ do full-year “expectations remain unchanged”?
  • By Steve Moore
  • 4 hours ago
Bearcast
Tom Winnifrith Bearcast: 3 new share trades, Lucian is Cassandra and 2 things I expect
  • By Tom Winnifrith
  • 6 hours ago
HAS
Hays plc – Q1 update emphasising “Strong progress executing our Momentum strategy at pace”, but how’s the financial progress?
  • By Steve Moore
  • 6 hours ago
VLRM
Valereum ‘fesses to lying AGAIN – how long can this madness be tolerated?
  • By Tom Winnifrith
  • 8 hours ago
AOM
ActiveOps – ‘change to outlook’. You were warned on this…
  • By Steve Moore
  • 9 hours ago
BRES
Blencowe Resources: to lose one director with immediate effect is understandable, two looks like carelessness (or worse)
  • By Tom Winnifrith
  • 9 hours ago
KEFI
Kefi: Rejoice, rejoice
  • By Tom Winnifrith
  • 10 hours ago
TERN
Tern settles with SVV, I predict yet another rescue placing before Christmas
  • By Tom Winnifrith
  • 11 hours ago
Boom
Paul Mathieson with another vile rant- does Bloomberg ethics director Laura Zelenko stand by its source?
  • By Tom Winnifrith
  • 11 hours ago

Sunday »

OMG
Oxford Metrics – some projects delays but also outlook positives
  • By Tom Winnifrith & Steve Moore
  • 1 day ago
Bearcast
Tom Winnifrith Bearcast: selling Kefi to go all in on Amaroq would be a mistake
  • By Tom Winnifrith
  • 1 day ago
Gold
The View From The Montana Log-Cabin As Gold Rebounds: Will It Last?
  • By Nigel Somerville
  • 1 day ago
AMRQ
Amaroq – Eldur Olaffson interview; truly mind blowing numbers, I will be buying even more shares
  • By Tom Winnifrith
  • 1 day ago
Quiz
The ShareProphets Sunday Pub Quiz #367
  • By Darren Atwater
  • 1 day ago
Blackboard
Visual Aid: The World’s Most Innovative Countries in 2026
  • By Darren Atwater
  • 1 day ago
Reading
Sunday Long Reads: Be a Victorian, Bad Vancouver, Plymouth Bomb, Why Britain Doesn’t Build, Anne Carson
  • By Darren Atwater
  • 1 day ago
Top-10
Notes from Underground – Most read articles for the week ending October 10
  • By Darren Atwater
  • 1 day ago

Saturday »

Bearcast
Tom Winnifrith Bearcast: Kefi, Nigel Wray, Swanny & Delta
  • By Tom Winnifrith
  • 2 days ago
MCON
Mincon – trading “ahead of market expectations” from an already winning share tip
  • By HotStockRockets
  • 2 days ago
Gold
Video: gold to $15,000, France self immolating is the canary in the coalmine.
  • By Tom Winnifrith
  • 2 days ago
Collapsing-Reactor
Nuburu and two fascinating transactions
  • By Tom Winnifrith
  • 2 days ago

Friday »

Bearcast
Tom Winnifrith Bearcast: what are you doing next Thursday Evening?
  • By Tom Winnifrith
  • 3 days ago
SHI
SIG plc – board changes, how “resilient” operational performance?
  • By Steve Moore
  • 3 days ago
BMV
Letter to the FCA: Bluebird Mining Ventures (Yet Again)
  • By Tom Winnifrith
  • 3 days ago
PRD
Sweaty bollocks time for shareholders in Predator Oil & Gas
  • By Tom Winnifrith
  • 3 days ago
Bear
Video: oil to $60, gold to $20,000, equities to surge then collapse by 80%
  • By Tom Winnifrith
  • 3 days ago
LIKE
Likewise Group – a “strategic acquisition” winning share tip Buy
  • By HotStockRockets
  • 3 days ago
FSG
Foresight Group – half-year trading update, still income value
  • By Tom Winnifrith & Steve Moore
  • 3 days ago
FOX
Which Nomad signed off on this complete AI bollocks?
  • By Tom Winnifrith
  • 3 days ago
Boom
Letter to Companies House, breaching section 1112 of the Companies Act carries a 2 year jail term
  • By Tom Winnifrith
  • 3 days ago
DGQ
Delta Gold - more red flags and now an Evil Knievil golden rule kicks in
  • By Tom Winnifrith
  • 3 days ago

Thursday »

SSTY
Safestay – hostel sale completion, to “support its asset-light growth strategy”?...
  • By Steve Moore
  • 4 days ago
Bearcast
Tom Winnifrith Bearcast: Evil Banksta vs John the tax Dodger
  • By Tom Winnifrith
  • 4 days ago
NFG
Next 15 Group – interims, how much confidence to really have in its balance sheet and near-term outlook?
  • By Steve Moore
  • 4 days ago
EDGE
FalconEdge September trading - the lingering kiss of death from PR genius Steffi
  • By Tom Winnifrith
  • 4 days ago
BMV
EXPOSE: Bluebird Mining Ventures: more lies to report to the FCA
  • By Tom Winnifrith
  • 4 days ago
MYX
MyCelx Technologies – Trading Update argues “confident in the opportunity available”, BUT…
  • By Steve Moore
  • 4 days ago
Bear
Video: On The Cusp of The Next Depression, The Gold Reset & Financial Repression
  • By Tom Winnifrith
  • 4 days ago
MPAL
MedPal AI’s second trading statement in 3 days: it’s ‘avin’ a Turkish
  • By Tom Winnifrith
  • 4 days ago
HAMA
How could a $4.5 million disposal actually cost you cash? The crazy world of Hamak
  • By Tom Winnifrith
  • 4 days ago
AMRQ
To the man with Amaroq Derangement Syndrome: about that NED share sale
  • By Tom Winnifrith
  • 5 days ago

Wednesday »

SYS1
System1 Group – what of a fifth and now “final” offer from Brave Bison?
  • By Steve Moore
  • 5 days ago
Roulette
It is almost as if the LSE is sitting on bad news about AIM
  • By Tom Winnifrith
  • 5 days ago
Bearcast
Tom Winnifrith Bearcast: its commercial madness but I will not be silenced about October 7th and what has followed
  • By Tom Winnifrith
  • 5 days ago
HEAD
Headlam – a final disappointment. You were warned!…
  • By Steve Moore
  • 5 days ago
AMRQ
Amaroq – adds to FTSE 250 news with production ahead of target, Buy
  • By Tom Winnifrith & Steve Moore
  • 5 days ago
COM
Comptoir PLC: a case study in why both AIM and the UK are just so screwed
  • By Tom Winnifrith
  • 5 days ago
KEFI
Kefi Gold & Copper – interims, risk/reward Strong Buy
  • By HotStockRockets
  • 5 days ago
CYKL
Cykel AI – where is the frigging material uncertainty?
  • By Tom Winnifrith
  • 5 days ago
HSW
Hostelworld – having previously emphasised “strong revenue momentum sustained through H1”, what about now?…
  • By Steve Moore
  • 5 days ago
QBT
ANOTHER EXPOSE: Quantum Blockchain – it is still not telling the truth about the Italian house!
  • By Tom Winnifrith
  • 5 days ago

Tuesday »

Bearcast
Tom Winnifrith Bearcast No 2: It's October 7 tomorrow and Britain sickens me again & why there is no Kenmare read across
  • By Tom Winnifrith
  • 6 days ago
SNX
Synectics – “confident in the group’s growth opportunity” but wasn’t it also confident before?, And…
  • By Steve Moore
  • 6 days ago
KEN
Kendrick: surely statement needed on the placing that is underway?
  • By Tom Winnifrith
  • 6 days ago
TEP
Telecom Plus – trading update emphasises “encouraging progress”, but how ‘encouraging’ really?
  • By Steve Moore
  • 6 days ago
Bearcast
Tom Winnifrith Bearcast No 1: Amaroq day
  • By Tom Winnifrith
  • 6 days ago
MVI
Marwyn Value Investors – interims, “a number of different routes to further value creation” BUY
  • By Tom Winnifrith & Steve Moore
  • 6 days ago
MPAL
MedPal AI – sales are vanity , cash is fact and so is a lack of it
  • By Tom Winnifrith
  • 6 days ago
CLBS
Celebrus Technologies – I having previously questioned its contractual conversion from a “strong” pipeline, what about now a “Half Year Trading Update”?…
  • By Steve Moore
  • 6 days ago
EDEN
EXPOSE: Eden Biosolutions – revisiting the dodgy TerpeneTech transaction as new accounts out, this is as kosher as a pork pie
  • By Tom Winnifrith, the Sheriff of AIM
  • 6 days ago
AVCT
EXPOSE: Avacta Placing – the truth behind Project Hawkeye
  • By Tom Winnifrith
  • 7 days ago

Monday »

HERC
Hercules – “New Water Sector Contract Wins” announcement, ramptastic?
  • By Steve Moore
  • 7 days ago
Bearcast
Tom Winnifrith Bearcast: a challenge for Bexley YC's 57 year old chairman, the Quantum scandal and Amaroq for the FTSE 250 this week?
  • By Tom Winnifrith
  • 7 days ago
QTX
Quartix Technologies – “pleased to report a continuing strong financial performance”, how “strong” relative to the valuation?
  • By Steve Moore
  • 7 days ago
Beggar
What's the benefits bill where you live? Fascinating new tool from the TPA
  • By Tom Winnifrith
  • 7 days ago
VSVS
We tipped the shares then came the bid
  • By Tom Winnifrith & Steve Moore
  • 7 days ago
QBT
EXPOSE: Has Quantum Blockchain misled investors about the Italian House? Part 2
  • By Tom Winnifrith
  • 7 days ago
ENSI
EnSilica – full-year results emphasise “moved into profitability”, but still cash-burning…
  • By Steve Moore
  • 7 days ago
QBT
EXPOSE: Has Quantum Blockchain lied to investors about the Italian House?
  • By Tom Winnifrith, the Sheriff of AIM
  • 7 days ago
PBX
Is it always a bad sign when you switch auditors to PKF Littlejohn?
  • By Tom Winnifrith
  • 7 days ago
Clown
Win a bottle of champagne from Lucian Miers MMT contest
  • By Tom Winnifrith
  • 7 days ago