|Well, this weakness is annoying...|
Did you hear anything back from the company regarding the big rise in operating costs?|
|I like the look of this, esp at these prices. Bought some over last couple of days. Any of you guys actually used Giant or know anything about big data collection. Is it any good or really effective compared to whats around? I don't so a punt for me and wary of where company is based. imo|
|Why drones will deliver a boom for warehouses
By: Sarah Moore
“Big data” companies such as Fusionex help retailers to process, analyse and exploit information on customers’ buying habits in order to improve customer loyalty and drive more purchases
|"Wandisco a company once tipped to be the next Google or Facebook."
Except that Fusionex has bigger revenues and growing faster.
Even a fraction of one the giants above would suit me..
I reckon this gets bought out.Will be the way for management to get around the xenophobia plaguing foreign listers.|
|Should get a trading update within the next 4 weeks.
I think that is what analysts are waiting for.All things being equal,should get the earnings upgrades shortly after.
Remember too, we could get further contract and product launch news anytime.
"Tis often darkest before dawn."|
|Yes, I bought in here too early but a little surprised the results were taken so negatively. I would expect to see the financials improve in the next results off the back of what appears a strong performance, at least in new client wins. This year looks a tipping point in terms of the traction they are getting with their product, but we shall see.|
|I'm disappointed but still holding, next years results should show a substantial profit. With the results so late that isn't far away, very astute from FXI. GLARON|
|Another really old article... These guys have no idea about investor relations or financial pr, do they?|
|Sold out - really disappointing but it seems to be one of those shares that is mistrusted by the market|
|Interesting article from 2015 comparing with Wandisco.MARKET REPORT: Giant gains for data analytics firm Fusionex while major rival WANdisco floundersBy Geoff Foster for the Daily Mail00:07 GMT 12 aug 2015On a day when a major topic of conversation in dealing rooms was the surprise decision by search engine giant Google to restructure into a new holding company called Alphabet to pool its many subsidiaries, WANdisco, a company once tipped as possibly being the next Google or Facebook, remained friendless and flat at 187.5p, only 7.5p above its June 2012 flotation price.That's a million miles away from the 1550p all-time high reached on December 2013 when investors got carried away with blue sky prospects for Big Data. In other words, technology which writes computer software that helps companies search through vast amounts of data quickly and easily.Yet it remains loss-making. Cash ran short in January this year and the group was forced to go cap-in-hand to investors looking for a further £16million never a good sign.On the move: Fusionex International, 5p off at 326p, is profitable, generating cash and apparently going placesMany investors would say that chief executive and co-founder David Richards scored a huge own goal in May 2014 when he decided to dump adviser Panmure Gordon in favour of Investec. Panmure had successfully floated the company in 2012 and had been absolutely instrumental in its inexorable rise to £15-plus a year or so later. No surprise as it houses the techno sector's award-winning analyst George O'Connor who had provided five star research to help fuel institutional demand for the stock. It's no real coincidence then that the stock has moved south Panmure and O'Connor now service WANdisco's Big Data rival Fusionex International, 5p off at 327.5p. It is profitable, generating cash and apparently going places. It floated at 180p in December 2012 and O'Connor's target price is 692p.Fusionex launched its Big Data Analytics Software, GIANT, in December 2013 and it continues to attract major new clients. It recently announced a contract with Takaful Insurance, an Asia based insurance company that provides both general and life insurance. It takes the number of clients using GIANT to 26, which is not far off management's year-end target of 30.Fusionex's chief executive Ivan Teh attended the recent Big Data roundtable week in Kuala Lumpur and talked about 'a marked increase' of interest in Big Data'.He added: 'A year or two ago, only 25-30 per cent of chief executives we talked to were interested in or in the midst of implanting Big Data Analytics projects. Now the number has doubled to 60pc.'O'Connor believes Fusionex is a superb investment play in the secular Big Data trend: it is an established, profitable, cash generative company which operates at the beating heart of this growing segment. After the People's Bank of China caught world stockmarke|
|The lord giveth
And the chinese taketh away|
Just had a quick scan.
Operating costs increased to 72.4m from 35.3m
Some of the cost increases are:-
Office rental: +0.52m
Therefore other operating costs increased by around 26m.
The Directors state: "The reduction in profitability arose as a result of the Group increasing its expenditure towards marketing programmes and events, procuring of equipment, infrastructure, and cloud and other IT services, geographical and office expansion as well as into the development of its core products ..."
If, as you say, marketing spend was 10m in H1, a similar or slightly higher spend in H2 plus "procuring of equipment, infrastructure, and cloud and other IT services" could account for the 26m.
Edit: actually that would only be true if marketing and other costs were zero last year, which isn't the case, the directors saying they invested "significantly" in marketing in 2015. Hmm. Do let us know what the company says.|
The full annual report is out today which may provide an insight into the big rise in operating costs. I haven't had chance to look at it myself yet.|
Appreciated the debate yesterday and don't disagree with anything you said.
The crux for me at the moment is understanding how an additional 23m of operating costs has been spent this year against last year, over and above the 10m invested in H1 for marketing and 3.5m additional depreciation / amortisation.
Given the scale of this number it is a little disappointing that it hasn't been outlined clearly in the prelims RNS. I assume that a chunk of it is on further marketing spend, similar or greater to that declared for H1, but not outlined in the report. Lets hope so anyway.
I will contact the company to see if I can glean any clearer information as at this stage it is fundamental for me to understand whether the amount expended last year will freeze, grow, or prove to be non recurring at the levels incurred to date. What is clear as I said yesterday is that an operating cost increase of over 100% with a H2 revenue growth of 12.5% is not sustainable.
Still really like the product and sector but need further clarity on expenditure if I am to get back into the stock in any meaningful way.
Thanks again for the debate.|
|"Fusionex has been encouraged by the take up of its big data analytics platform GIANT, which recorded a three-fold increase in customer numbers to 115 in the year. By the end of January it was 163."
This very impressive and they reckon Giant 17 will have even greater customer reach.
"Chief executive Ivan Teh is typically bullish: "With the impressive momentum continuing in the first four months of the year, a solid pipeline of new customers and the launch of our market-leading GIANT 2017 product on the horizon, the company is excited and confident in its ability to realise its significant growth opportunity."
Should get some upgrades to the numbers.|
|This is classic market makers if you believe in the company buy and hold|
|Why is the Fusionex CEO so excited?By Graeme Evans | Wed, 15th March 2017 - 16:29??Big data analytics, artificial intelligence (AI) or the Internet of Things (IoT) are just some of the technologies that are transforming our daily lives. And yet, for investors, there appear to be precious few ways to ride the next wave of the 4th industrial revolution.According to the International Data Corporation, big data and data analytics spend is expected to reach $151 billion (£124 million) in 2017, presenting a significant revenue opportunity for companies with the right technology.Fusionex International (FXI), a Malaysian software firm specialising in all three technologies has attracted the attention of investors. Its shares crashed last year on concerns about poor cash collection, and they've fluctuated in recent months.However, the AIM-listed company did give a hint of its potential Wednesday when it posted results for the year to September. Crucially, cash collection days fell to 78 from over 100.Fusionex has been encouraged by the take up of its big data analytics platform GIANT, which recorded a three-fold increase in customer numbers to 115 in the year. By the end of January it was 163.The platform gives customers the power to extract data from sources throughout their organisation before turning this into information that can be used to increase efficiency or achieve a competitive advantage.?GIANT is proving particularly popular in the retail and travel and hospitality sectors, as well as financial services. This year, Fusionex is planning to launch a next-generation version of GIANT, which will feature enhanced visualisation features, stronger search driven analytics and more intuitive user features.The company racked up revenues of 94.6 million Malaysian ringgit (£17.4 million), a rise of 23%, despite switching to a subscription model from a licence-based one. Major client wins have included the Malaysian Stock Exchange, as well as business with an Asian resort and a global media conglomerate.The group still turned in a net profit for the year of RM1.4 million (£260,000) despite a significant increase in investment in the business.Chief executive Ivan Teh is typically bullish: "With the impressive momentum continuing in the first four months of the year, a solid pipeline of new customers and the launch of our market-leading GIANT 2017 product on the horizon, the company is excited and confident in its ability to realise its significant growth opportunity."Peel Hunt analyst Damindu Jayaweera said the switch to a subscription-based model made it more likely that Fusionex's new business wins will remain on board, thus enhancing the company's revenue visibility.On yesterday's close of 154p, Fusionex trades on a price/earnings (PE) ratio of 25 for calendar-year 2018 and, given its 60% recurring revenue profile, Peel Hunt has reiterated its 'buy' rating with a price target of 220p.Jayaweera added: "Whilst the company has delivered ahead of expectations, our forecasts remain unchanged for now."We reiterate our 'buy' stance, noting that this stock is one of the few pure plays on some of the fastest structural growth themes in technology; Big Data, AI and IoT.". |
|A disappointing day!
The results were better than I expected. I was particularly pleased by the pace of new customer growth.
But after an early rally there was some determined selling. The share price fell from the late 150's to the early 140's, where it remained.
But Hopefully patience will eventually be rewarded here. Ivan Teh seems very impressive and his ambitious strategy for this business seems to be working. I will try to attend the AGM.
Does anyone have the old or more recent brokers notes?|
|Highly recurring, software business I suppose, once tech investment is done, it should become a cash cow (in theory)...|
|Question, how on earth did this list with such an absurdly high PE. It is on about a PE now of 60 and share price was much higher years ago.
Partially Agree with comment to not look at PE just the growth, but this ignores fundemental analysis crucial to assessing whether it will ever justify todays current share price.|
FXI's accounting policy is to amortise development costs over 5 years (see 2015 Annual Report p.24). So, it has a cash development cost in any one year but accounts for it in the income statement by spreading it out over the subsequent 5 years.|
|It's Malaysian, not Chinese.|
|Fusionex International plc - FXI
Where theres muck theres brass. Where theres chinese, theres usually a chinese take away.
Someone probably dumped a load of dung. Who flung dung.|