Share Name Share Symbol Market Type Share ISIN Share Description
F.T.S.-Formula LSE:FTS London Ordinary Share IL0010935257 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 15.00p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 6.7 -1.6 -8.0 - 4.92

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29/11/201609:00PRNUSStratecast Report Names FTS as Key Monetization Innovation Enabler for..
13/9/201613:00PRNUSMexico's QBoCel Goes Live with FTS' MVNO Solution
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DateSubject
11/5/2011
18:37
markt: Tara7 so you turned 23p into 32p, and in a shortish time well done ! (with the little mini-caps I am quite cautious even though I may consider a few (if buy but it sits at the same under-priced share price for 2 years then no return)....partly since private investors often only get the left overs and often don't get invited to the placing of new shares etc by mini-caps...and various deals are 'dubious' eg. Merchant House MHG) (but I guess that without the recent 16p offer then it wouldn't have done so much....although the latent value would have probably surfaced/risen in time) You think the recent 16p buy out price is fair ? (I guess the offer is less than they think it is worth otherwise they wouldn't make the offer imho) (I don't own any FTS...but any buy out should be a fair price)
07/1/2011
00:41
oilbagger: I'm surprised the share price didn't rise further on that large 100k trade. If it stays at same level tomorrow I will be tempted to top up
21/12/2010
22:11
awertr: PAETEC Software Corp. (PAETEC Software) has signed a definitive agreement to acquire the entire assets and assume certain liabilities of Formula Telecom Solutions, Inc., a wholly-owned subsidiary of FTS, in a $13 million all-cash transaction. The purchase is expected to close in late December of 2010. The share price will be more sensible when this is completed next week. PAETEC are also taking some liabilities which is another good thing.
15/12/2010
14:12
markt: Tara7 if someone buys 5k pounds worth of shares...following your claims that the company now has 13M$ nett cash in its bank account.... and the annual report reveals that it only has say 4M$ left after losses....and that struggling to balance the books and that outlook in short term is difficult and that it looks like the cash balance could be consumed.... and if share price falls as a result will Tara7 pay back to anyone the losses they make on their shares ? My point ? That your posts are intentionally not true. No one outside of the FTS directors and maybe the 1 top financial manager knows what the annual report will reveal for nett cash. They sold the best part of the company for cash (since needed cash imo), the profitable part ! .....that makes me worry, it makes you ramp ! ===== I hope the company does well. My posts give numbers and logical reasons. And I note that I do not know the sector that FTS works in, although I can picture the key points/factors (system operators and system makers are the decision makers, the big companies include Ericson, Nokia, Siemens, and Vodafone, O2, Telefonica, France Telecom, T Mobile, Deutsche Telecom, BSKYB ?, USA cos, etc etc.....if your T/O in that sector is only 10M$/year then you are a very very small fish imo exposed to very big risks. Noting that doing contracts in Nigeria, Indonesian islands. Not exactly the global contract for Vodafone. Nigeria, Indonesian islands....I assume contracts that the big players did not want to modify their systems to meet the requirements. FTS is not winning the big contracts imo or its turnover would not be 10M$) tara7 posts give no replies and concentrate on 'buy, buy !'
15/12/2010
13:47
markt: Tara , you say profit reported in the interims. Not true. from the set of accounts that is on ADVFN, it says "Net loss for the six months to 30 June 2010 was $2.071m (2009: net loss of $0.076m). " from interim report. I said 5M$ loss.....that was for 2009 I think....if I said it was for 2010 interims, then my apologies. "Nett decrease in cash and cash equivalents" 2.936M$ . 3M$ Cash at end of June 5,341M$....but ....bank loans of 5-6M and required to have > 6M $ cash....so, strictly speaking, broken bank covenants. I am not an FTS director....but maybe they sold FTS USA because they desperately needed the cash.....if banks had called in the loans since broken the bank covenants (as reported in the accounts) then the co. would, I assume, have had no cash to pay wages. Segment profit loss Europe 387k$ loss. Asia 49k$ loss. Africa 371k$ loss. USA 1.369M$ profit BUT NOW SOLD FTS USA !! (HQ costs ?, listing costs?....etc ) Loss of remaining parts after sell FTS USA. = 387 + 79k +371 (all losses = 837k$ loss. in 6 months. 'If' loss is same in 2nd half then = 1.6M$ loss. BUT these calcs. are not reality....major re-structuring going on....and market segment is in tough situation as results show (one part of accounts went from 18M to 4M between 2008 and 2009 !!!, frightening stuff. overall T/O from approx. 30M to 19M. That is severe. They cut costs from 27M to 22M in last financial year. There are major problems...will it now bounce back or suffer from on-going imbalance of costs with sales....at end of 2011 we will know !) i-point other Isreali company....shares at 1p...also in comms software market...and sold off its normal business and taken on another 1 !! there are risks out there anyone who believes Tara7's claims of 100% dividend payout and inferences that there is no risk....is blind imo... looks to me like a typical situation.....if turnover goes up 50% in 2011 then the shares now are probably cheap, if it struggles in 2011 then share price could easily go down. Shares were 120p in 2005, now 30p. Not been a good investment. Share price track record, terrible/disaster.
14/12/2010
17:25
markt: Tara7 78% increase for 2010......not such a big deal.... almost everything seems to have gone up like a rocket since Jan/Feb 2009 when everyone was worried that the banks and the whole capital system was about to go up in smoke many shares have gone up by x 3 , x 4 even shares doing really really boring stuff (I'll give you a list if you dont believe me).....(since there was a risk that the companies would go bust, killed by their debts.....as that risk went/goes away then the share price goes up....) Creston was 20p, now 80p. 400% gain. Anite, hotel companies etc etc....many have risen 200-500%. ---- Instead of ramping give us some info about FTS products....that would be interesting.
14/12/2010
14:58
tara7: This is one of my ten for 2010 and 2011, so around a long time prior to you.!!! My track record is on ADVFN for all to see. Won the ADVFN share comp last year,for all to see.[326% rise over 5 shares] First Posted when this stock FTS was 10p, since paid out an 8p divi. Real cost is 2p two years ago, so if you had read my post at the time you would have done very well. Fact is, i bought at the right price and you do not like a winner, i do, and in my view this company is worth a great deal more than the share price today. In any event stay away if you do not like it.!!
14/12/2010
14:50
markt: Tara7 says that FTS is a wonderful company.....simply 'super' ! Some facts disagree.... "The Company has raised #4.2 million (before expenses) in a placing of 3,500,000 Ordinary Shares at a price of 120p per share (the "Placing Price"). The Company has 32,524,012 Ordinary Shares in issue and a market capitalisation, at the Placing Price, of approximately #39.03 million. Seymour Pierce acted as Nominated Adviser and Broker to the Company and Avalon Capital Ltd acted as corporate finance adviser to the Company." (Seymour Pierce.....been accused in past years by some people on message boards of dubious actions......offloading penny shares etc....actions in 2009/2010, I dont know. Low prestige imo compared to many other similar companies) .....cap. value of fts in 2005 was 39 Million squid. Cap. value now, approx. 10M squid, +/- x. 1/4 of what it was. Shares placed at 120p, now worth 30-35p. Last week 24p. Any investors over 5 years have seen the company share price get shafted....since the company screwed up. (Divs. along the way ?, 8p in 2009 I think....small recompense, if it was me I'd rather have my 120p back !.....(but I have never owned)) I rest my case !..that not a good solid long term investment.....(if people like next annual report then price may go up...but if dont like the report, then instant down.... not good investing imo..... is Tara investing or just ramping to make quick buck and sell out herself/himself ?....no one knows.... (if she was investing then she would not ramp so hard....no need to....she just needs to wait till the next results to lose or make money....) === If you do a search using "Tara7" you will see Tara7 pumping all the shares she/he owns. (Personally I think a chance that Tara could well be male....based on macho style postings !)
14/12/2010
11:39
markt: Tara7 ....if you are so clever..... tell us what the numbers will be in the next annual report ! and the resulting report for 2011, noting that already now we know that FTS USA will not contribute to sales and profits, sold. I dont think anyone can predict the annual report numbers, except someone with inside information. (the past accounts do not detail all costs for each region....eg. labour costs) ==== "First, look back two years not one" ....why ? the sales and profit of 2 years ago are history.... ....the company has now sold its USA branch to get cash keep going ! 2 years ago the sales were over 30M dollars.....only 19M the year after. If you want to build your ramping on the sales of 30M from 2 years ago...then you are crazy. ...your tip on Northacre went up. And ?. Northacre do property development (or did). Nothing to do with FTS and software. ---- FTS next annual report. Possible turnover between 15M and 25M (10M for 6 months). For 2nd 6 months we do not know exact turnover. But for 2011 the sales will be minus 7.9-10M for FTS USA (the sales for 2010 have not been declared)....giving perhaps 10M turnover for the year.....and loss making. The FTS that is left is LOSS making. Software companies that are loss making with turnovers under 20M and that have cash.....and that are using up their cash to pay their losses......there are other ones out there....also unloved by the market. The only part that made a profit was the USA section, see the company report. The costs of directors and key mngmt is 2M. Almost no change with sale of FTS USA. HQ is in Israel. 1M rental costs. Previous sales in Nigeria, Bulgaria region (a region being hit hard by the 'crisis')......yawn...... USA profits helped support the costs of offices in Africa, Bulgaria etc. But not in the future. The cash from the sale of FTS USA will have to support these costs. The 4 big customers. All reported sales are falling by big %s. ==== If FTS is so wonderful, you have a justification for selling the best part of the company ? that operates in the best market for FTS overall ? the only profitable part of FTS oh, and if FTS now has to open a new office in USA to try to sell its other products in the USA then that will be more costs....and all its best staff,...all the staff and managers and directors of FTS USA....and all their personal contacts and knowledge.....have all gone, included in the sale. ==== There are options for approx 5M shares froma few years ago (if I remember correctly...exercise above 1$........the share price is around 30p or 0.47 dollars. The company has screwed up. They expected the share price to be over 1$. And I think that they could not do a cash raising share issue since the >50% share holder would have gone crazy......wants to make money and not put more money into something doing badly...came to the AIM market to make money, to see share price go up...and have the chance to sell out if want noting that the FTS USA part goes back to 1998.....well the company that FTS bought... ===== If you are a happy shareholder...then just relax. No need to ramp the share so hard.
14/12/2010
10:43
markt: Be warned ! The FTS story is not as rosy as Tara7 is painting..... PUMP IT UP !. FTS has sold the profitable part. All non-USA software companies want to operate in the USA since biggest market.....and FTS operated in USA....BUT it has now sold that part !! So it must have problems. If you look at the co. report you will see that all the non-USA parts reported operating losses in the interim and annual report. Then you have 1M rent to pay. Then 2M to pay to directors and key managers. Staff costs in region of 20M. The annual report will report, I am sure, that these costs have chewed through a good part of the 13M dollars paid for FTS USA. The company called back its ex-MD....to dig them out of the mire. They thought they were doing fine, so they paid 4M dividend.....since then it has all changed. Turnover went from 34M to 19M. The company does not comply with its bank convenants as reported in last co. report. So banks could take back their money at any moment if they wanted to be tough, or negiotate new terms perhaps. It had cash in its account but also bank loans of approx. 6M, so little nett cash....and the operating loss will wipe that out. To sell your USA operations you must be in trouble.....no-small non-USA software company wants to do that. Every company wants to expand their USA operations and increase chance of doing deals with global USA companies. IBM, HP, Cisco, Dell, NTAP, ELX, etc etc and .....etc !. Their HQs and main operations are in USA. If you remove the sales of USA FTS (7.9M) and the 4 big customers that are listed then you get only 2.9M turnover left. 2.9M. Nothing. And the listed 4 big customers have reduced their business with FTS from 2008 to 2009. If the business from the 4 big customers tails off....then there is little business left. Note also that FTS stopped development of 1 new product and wrote off the R & D. And declared that would return to trying to sell its "legacy" products. Legacy, old. Its all in the co. reports. I see the FTS USA sell off as a stay alive measure. With the next annual accounts the share price could, I think, crash down or up. I am sure there are some + points to FTS as well, but do not ignore the -ve points.
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