|Formjet Plc(See LSE:TQC)
||EPS - Basic
||Market Cap (m)
|Software & Computer Services
Real-Time news about Formjet (See LSE:TQC) (London Stock Exchange): 0 recent articles
|flyingswan: Formjet share price appears to be gaining support off the 20 day moving average and is forming a new up trend on the chart. The RSI and Fast Sarcastic are both giving BUY signal. IMHO The MACD is also moving positive. DYOR:|
|scburbs: What a terrible trading statement. Classic Formjet (new management have quickly picked up the FMJ approach)!
There is actually no comment on how their products are selling just a flagging of the various provisions and write-offs of previous investments that will be required. It's going to be a large loss this year. Looks like a kitchen sink job from the new CEO.
Share price seems to be taking it rather well! Its slightly higher than the level that I exited. I had been holding FMJ more as a capital loss planning tool than a real investment and it was useful to crystallise the losses this year.|
|refusenish: Shore Cap, the new NOMDs share price has gone from around 10p to nearly 40p this this week. Bodes well.|
|refusenish: Well right now, how does anyone raise cash? Using an expiring FMJ asset as a cash cow here and now is a shrewd move. Striking out whilst there are bargains to be had rather than waiting until the contract expires and getting the pay off then. In sales, high commission, low basic (or none at all) sorts the men from the boys. I don't understand your criticism there. As for "go for broke" this company was heading that way anyway if you read the statement with the last results. I for one will take boom or bust over a slow death. I would agree that the Monkster comes from a chequered background but how much of Blue Oar's failings were personally down to him is unknown (well, to me anyway). As for their falling share price? I don't know if you've been keeping up with events recently but many companies 50 times the size of Blue Oar have suffered the same fate, that or gone broke.
Anyone making the move that the Monkmeister has, does so because they have a plan (see my last posting)
From a drippy, no hope, company driven by twits (at best). To a vague hope of a change in fortune. This could just be FMJs finest hour.|
|scburbs: Hi Refusenish, Agreed, when the share price pretty much comes close to nil there is little to do except to look forwards (other than thinking about potential tax around efficiently timing the crystallisation of losses!).
I suspect we will getting a share consolidation soon to cover up the embarrassment of the share price.|
|scburbs: The credibility of having Blue Oar on your CV is pretty low at the moment.
"Stockbroker Blue Oar Securities has been hit with a massive £225,000 fine from the London Stock Exchange over its conduct in floating a company on AIM whose shares rocketed thanks to a host of misleadingly optimistic statements."
Personally I thought FMJ was already very good at "misleadingly optimistic statements", but with the share price failing to respond to the recent of these perhaps they have decided to step it up a notch and get some more creativity on board in this area!
The above is tongue in cheek and I have no actual knowledge in relation to the involvement of this new guy on the article referred to above.|
|scburbs: Another bizarre announcement by FMJ. Great disposal at £1.4m to get the share price moving back upwards (albeit reducing the ultimate upside). However, just to check the upwards momentum they have given away 25% of the company at 0.25p because the new guy has a great vision of which no details are given other than acquisitions.
The implication is sort of given that his remuneration package is low and he is demonstrating is confidence through taking these shares and the share options. However, again no details on the remuneration package.
Hopefully the circular will contain rather more details and be available on the website for nominee shareholders.
|goggin: So a director bought 5k worth at .34p ???????????????
everyone on here thought they should have been out weeks ago in April - early May
Its all guess work.
If these do survive, you are looking at a minimum of a 10 bagger. The current price reflects a BUST sanario but there are alot bigger basket case currently on the market and many have risen 1000 % + in only 2 month, many have done better.
a 1000% rise in FMJ case still only gives a share price of 2.5p, not an enormous price if they start making some money. The products have had reasonable reviews, even though openoffice.org is free, when you take it to another machine with out Openoffice, its not compatible with Microsoft and one has to convert to pdf file and then do lots of cut and paste work. Ability doesn't have this problem and its only the price of 24 beer.
Who knows, we might be lucky.|
|rastapastamasta: Hi all. I was in FMJ a while back. Seems the story has moved on, but the company performance (and share price) has not.
FMJ is a tiny company, attempting to do business with the big boys- Tesco, Dell etc. So far, they have not sold enough volume to consistently trade in profit. With big retail partners like this, the implication is that there are just not enough customers out there who want FMJ products.
Not so long ago they attempted to clear the books, and write off losses from their real estate, the purchase of South Coast distribution etc. But, despite starting again with a blank slate, they have slid further and further into the red.
Now I read that they are considering purchasing another distribution company. Do not be fooled. Much of the new company's customer base will not want FMJ products, and much of the ditribution network will duplicate FMJ's infrastructure. Acquisitions and mergers place considerable strain on a co. and require specific expertise. I think that this will further dilute FMJ's business.
Even if you have faith in this company there is always a deadline looming every two years- the Panda contract. Without this the company is nothing. Panda can choose its own terms each time the contract is renegotiated. Meanwhile FMJ has to negotiate all contracts, and makes the loss if not enough units are sold.
I see no reason to reinvest in these shares.
NB People considering or holding investments in FMJ would do well to research Lyndon Chapman's previous business achievements. This man has over-seen the loss of £millions of share value on another listed co. FMJ consistently make a loss, but create share options for their directors at charitable prices. There is no return here for the private investor.
|scburbs: Garth, Thanks most interesting.
If Mr Chapman is frustrated with the share price he could try that novel concept of running a business that actually makes a profit and then increases that profit. If he does that the share price will respond from the current ridiculously cheap levels. Unfortunately FMJ share price is not being given the benefit of the doubt from the recent deals, but is being asked to deliver the results.
Not rocket science so over to you Mr Chapman.|
Formjet(See LSE:TQC) share price data is direct from the London Stock Exchange