Eg Solutions Share Discussion Threads

[h101] 16/4/2009 13:11

I think it depends on your risk profile. For those least risk averse, your strategy gives greatest gains. However not every stock at its low will recover at the same rate - and indeed some will not recover at all.

By waiting to see those that do recover well you reduce your risk but also your potential gain in an individual stock.

With a bottom-fishing strategy, one may have to do a lot more research to filter out those one thinks will go up quickest. Unfortunately my experience on AIM is that even with a lot of research one can still get caught out.

I had a particularly bad experience recently with Infonic (IFNC - Corpora as was). The information flow initially led one to believe this was a recovering company with large orders and an excellent sales pipeline. However the company ran out of cash (there is a debate about whether this was deliberate). It was then taken private, almost overnight, by the CEO and the shareholders lost everything. Very fishy but shows that even determined research is no guarantee.

[cyberpost] 16/4/2009 09:21

By the way, now is the time you buy down beaten stocks for the recovery. There is a growing concensus that we will come out of this slump late 2009 and early 2010. You don't buy stocks when that becomes fact, because by then it's too late. You buy well before then.

[cyberpost] 16/4/2009 09:19

H101, fair point, but software companies like EGS do relatively better because their product saves financial institutions money. That's why their potential sales pipeline at the moment is the highest ever - and that in the midst of a recession. The key factor is whther they convert those into sales... which I am confident they will do, soon.

[h101] 16/4/2009 09:16

kruger - the shares are tightly held by a few loyal people I think. Any buys/sells move the price out of all proportion. As soon as someone for example gives up and sells, the price will drop like a stone and vice versa. Also note the spread is 18%.

cyberpost gives good advice but follow your own instincts. Leave the shares to the CEO and those less worried by the risk.

I've worked in software all my life and observe that software companies tend not to do well in a recession. I'm out of all software companies at the moment - they have their time but IMO it isn't now - better to put your money elsewhere.

[cyberpost] 16/4/2009 09:04

kruger, if you dont like them, dont buy them.

[kruger2004] 16/4/2009 08:58

this is one of the most inexplicable dead cat bounces ever.

the results for the third year in a row were terrible; again well below city forecasts.

why will this year be any different?

[rbcrbc] 15/4/2009 17:42

Welcome Gerry

Got in today with a little punt,

I wouldn't refer to your friends like that or you won't have many left soon ;-)

I might even do some research soon :-)

Thats never a good idea - just trust your instincts....

[gerry138] 15/4/2009 17:03

Greetings all,
Got in today with a little punt, after Cyber recommended EGS on the ROS thread.
I might even do some research soon :-)

Gerry

[cyberpost] 07/4/2009 10:09

Very little stock available online. 700 max @ 27p

[julcester] 07/4/2009 09:44

Nice to see some blue today :o)

[cyberpost] 06/4/2009 10:06

"This is just the sort of company to do exceedingly well at these times of financial stress"


Very true.

[rbcrbc] 06/4/2009 09:22

According to my records I got in in 2006 at £1.46 !
I always thought there was value here.
I must check my contract note to see what really happened.
----
Looks like the ADVFN chart is wrong, there was no stock split in 2006.

This is just the sort of company to do exceedingly well at these times of financial stress. LTBH for me ;-)

[cyberpost] 06/4/2009 09:12

I believe they have had a very good start to the year and record sales pipeline. Some very good contract wins are rumoured to be announced very soon.

[julcester] 06/4/2009 09:11

just had to pay through the nose for these. No stock oout there.

[rbcrbc] 06/4/2009 09:08

What's up doc ?
(apart from the SP)

[cyberpost] 30/1/2009 08:15

RNS Number : 4955M
EG Solutions plc
30 January 2009


IMMEDIATE RELEASE
30 January 2009


eg solutions plc


NEW CONTRACT WITH NATIONWIDE BUILDING SOCIETY

eg solutions plc ('eg solutions' or 'the Company'; LSE-AIM: EGS), the operations management software company, is pleased to announce a new contract win with Nationwide Building Society to supply software and services to its Cheshire and Derbyshire Regional Brand businesses.

eg's operational management software and methodology will help the Cheshire and Derbyshire to increase efficiency and create capacity to handle existing and planned future volume of business. eg currently supplies software and services to the Nationwide's Specialist Lending Brands based in Bournemouth.

Elizabeth Gooch, Chief Executive Officer, commented:

'This latest contract increases penetration of eg's products within Nationwide through the regional operating brands. The majority of revenue from this contract will contribute to turnover in the first half of our new financial year.'




Ends

[tara7] 23/1/2009 09:01

From some who has just looked in in the last half hour, might just be that two weeks ago, if they ran to the wire they would get the new orders in by next week and no profit warning required. Now not the case, however couuld still come good. Next, it is not clear if they refer to last years trading loss, or total loss [they were not the same.] I may be far to upbeat on this ,but if they fall more in the next few weeks , might be worth a punt.

[pugugly] 23/1/2009 08:34

Loss before tax for fy 08 was £815K

half year profit to July 09 (excluding finance interest) was £31K (I have ignored finance interest as I suspect will be minimal in 2nd half due to fall in LIBO and indicated cash burn)

Looks like a very large 2nd half loss - If at this stage the loss is only expected to be lower than 08 could reduce the cash balance to significantly less than £500K. Subject to customers and exchange rates could be a need for provisions for debts?

(imo dyor etc) Any other thoughts?

Will in my view be no dividends for shareholders in the foreseeable future - Why buy or hold?

[cyberpost] 23/1/2009 07:36

not so good...



RNS Number : 1295M
EG Solutions plc
23 January 2009

FOR IMMEDIATE RELEASE
23 January 2009


eg solutions plc

PERIOD END TRADING UPDATE

eg solutions plc ('eg solutions' or 'the Company'; LSE-AIM: EGS), the business software application vendor, is issuing an update on trading ahead of the end of its financial year on 31 January 2009.

At the time of reporting the half-yearly results in September 2008, the Company noted that current trading was in line with management expectations. The Company also expressed its belief that 'spend to save' projects incorporating eg solutions' software applications would attract continued investment as the financial services sector seeks to reduce its cost base.

However, as a result of the well publicised issues affecting the financial services sector, decision times on new projects have lengthened during the past three months. Sales which had been expected to close during the current financial year will now be delayed beyond the year-end. As a result, revenue for the year to 31 January 2009 is expected to be below market expectations, resulting in a loss before tax, although this is expected to be lower than that incurred in the year to 31 January 2008. The final result will depend on the outcome of a number of customer contract negotiations which are in the process of being finalised.

Currently the Company's pipeline of potential sales is stronger than at any time in the past 24 months and the delayed contracts are expected to contribute towards an improved performance in the first half of the next financial year when compared with the same period of the previous year.

The Company expects to announce its final results for the year in late March 2009 in accordance with its usual timetable.

[cyberpost] 17/12/2008 07:50

RNS Number : 2576K
EG Solutions plc
17 December 2008

IMMEDIATE RELEASE
17 December 2008

eg solutions plc

NEW CONTRACT WITH RESOLUTION HEALTH

eg solutions plc ('eg solutions' or 'the Company'; LSE-AIM: EGS), the operations management software company, is pleased to announce a new contract win with Resolution Health.

Headquartered near Johannesburg, South Africa, Resolution Health is a prominent provider of health insurance services.

Resolution Health have selected eg's operational management software and methodology to help them to increase capacity without increasing costs across their operational areas. This contract will implement eg's software and management methodology across all 'front line' operational areas including new business processing, claims, contribution management, managed care, loyalty programme and the call centre. The products being supplied are eg operational intelligence® and the eg principles of operational management®.

Elizabeth Gooch, Chief Executive Officer, commented:

'We are pleased to have secured this new contract win with Resolution Health in South Africa. Some of the revenue will be recognised in the current financial year and the majority in 2009-10.'

[finmac] 04/12/2008 21:12

Dear All,
I only check this thread every two or three months now , and am surprised that it is still going, good luck chaps.
Regards
Finmac

[cyberpost] 16/10/2008 14:52

Since LAND have gone as one of the market makers on this stock, its been left with just WINS as the only market maker making a market and since then the stock has fallen.

[cyberpost] 24/9/2008 07:54

yes very good results, especially doing so well in the current economic climate..



eg solutions plc ("eg solutions" or "the Company"; LSE-AIM: EGS), the business software
application vendor, is pleased to announce its
unaudited half yearly results for the six months ended 31 July 2008.

Key points:

* Revenue increased 10% to £2.27 million (H1, 2007: £2.07 million).

* Gross margins were 59.1% (H1, 2007: 65.1%).

* Turnround to profitability in three periods - as promised to shareholders - with pre-tax
profit of £0.05m (H1, 2007: loss before tax:
£0.64m).

* Earnings per share were 0.4p (H1, 2007: loss per share: 3.3p).

* Positive cash flow generation from operations during the half year of £0.6m (H1, 2007:
cash outflow of £0.8m) with net cash balances
of £1.2m at 31 July 2008.

* Cost reductions implemented in 2007 flowed through to the bottom line. Costs now below
pre-IPO levels.

* Investment in R&D was £0.3m (H1, 2007 : £0.3m).

* Appointment of Violetta Parylo as Finance Director.

* New Proof of Concept contract wins in major Financial Services companies in South
Africa.


On Outlook, Rodney Baker-Bates, non-executive Chairman stated:

"Closed and contracted orders for the second half of the current financial year are 25%
higher than at the same time in 2007 and current
trading continues in line with management expectations."