Fusionex Share Discussion Threads

[j777j] 24/2/2017 07:57

That is correct, so the statement from the trading update stands.




24 October 2016


"The Group's steady progress has underpinned a strong FY2016 financial performance. The Board anticipates that revenue will be in line with market expectations and, despite the significant planned investment in the marketing and promotion of Fusionex's products, EBITDA is expected to be significantly ahead of market expectations.

The Board expects the positive momentum experienced in FY2016 to continue in the current year."




This is the last insightful broker commentary I could find



Fusionex and the billion dollar Big Data market


15:10 01 Jun 2016

The group's Big Data analytics product, GIANT 2016 is to launch in the second half.

A room of large computer processing units

Big data are extremely large data sets that may be analysed by a computer


Data software specialist Fusionex International plc (LON:FXI) said it was well positioned to tap into a growing billion dollar Big Data software market when it launches its analytics software in the second half..

George O’Connor of house analyst Panmure Gordon said there was a “fairly decent launch in the wings”, referring to the imminent unveiling of the group’s new GIANT Big Data analytics software.

Spending on Big Data Analytics is expected to increase to over US$187bn by 2019 from US$122bn in 2015, according to the International Data Corporation.

Big data are extremely large data sets that may be analysed by a computer to find patterns and trends, especially those relating to human behaviour. The data sets are often so large and complex that traditional data processing is not sufficient.

Fusionex’s software pushed up revenue growth 38% to RM 43.53mln, while gross profit was up 35% to RM 33.7mln in the first half this year.

However, adjusted earnings (EBITDA) almost halved to RM 7.2mln from RM 16.9mln, but this was expected due to a series of investments geared towards spending cash raised last year in order to fuel the next stage of development, said the broker.

But O’Connor said that Fusionex was not spending cash as aggressively as expected. The broker raised the full year cash estimate from RM70mln to RM86.6mln.

Despite being a period of significant investment, momentum in GIANT contract wins supported its continued progress, winning a total of 68 new contracts by the end of the first half. The broker said the group was well on the way to achieving the 90 client target by the end of the year.

“This will open up new addressable markets for us, substantially expanding the potential reach for our market-leading products, and represents a key milestone in our strategy to accelerate growth considerably over the next few years,” said Ivan Teh, chief executive of Fusionex.

Fusionex’s partnership with US software company allows the group to leverage the sales team in that region, while it continues to build on existing contracts in its main region, East Asia Pacific.

The group said it was confident that it remained on track for future growth.

[donald trumpton] 23/2/2017 14:34

..any warnings would surely have been given.

[zcaprd7] 23/2/2017 13:28

I suppose the flip side is any shortfall or problems would have to be mentioned...

[essential] 23/2/2017 10:38

Hello we have life!!!!!

[donald trumpton] 23/2/2017 10:27

I expect an enthusiastic rise into results next month. The share price is now coming nicely off the year-long support line.

[zcaprd7] 23/2/2017 09:20

I note the slight pivot towards artificial intelligence as well, hopefully we get a blue prism response...

[zcaprd7] 23/2/2017 09:19

Indeed, with their history, a little sentence about still in line or ahead, or whatever wouldn't have hurt?

[essential] 23/2/2017 09:18

Chasbas I think part of the problem is the company has been silent since the last update in October 2016 saying "ahead of expectations" - it needs to improve its PR!

[chasbas] 23/2/2017 08:57

I suspect recent profit warnings from a number of technology companies have contributed to share price weakness. I can see no reason why FXI will be affected by warnings from TRAK, NCC etc. Yes, share price should bounce on 15th March if not before. Management does quite a bit of PR after results...they should have a great story this time round with GIANT 2016 for SMEs. A statement that trading post year end is strong would also help.....

[j777j] 23/2/2017 07:24

So everything they stated in the last tu remains therefore surely a strong buy?

[donald trumpton] 22/2/2017 19:32

Could go vertical tomorrow chasbas.

[chasbas] 22/2/2017 13:12

Curious if anyone has any theories as to why Fusionex needs 3 brokers: Panmure Gordon, Peel Hunt and now Stifel on 10th Feb. Stifel is NOMAD. Maybe looking for new institutional investors? Plans to raise money?

SP seems very weak but maybe I'm anchoring...? Horrible downtrend since October.

Results seem delayed vs last year...should I worry? I am a holder.

[geoff geoffrey] 22/2/2017 10:52

I'm in. Absolute bargain.

[would be rude not to] 21/2/2017 15:54

May as well.

[chadders] 21/2/2017 15:47

Just added. Results should be good.

[donald trumpton] 21/2/2017 14:32

The price is sitting bang on the trend line from February 2016, through July to now..

hint hint

[donald trumpton] 20/2/2017 11:32

I am Buying your 'nervousness' essential.

Thanks.

[essential] 20/2/2017 10:42

Ps I am a holder so not trying to deramp!

[essential] 20/2/2017 10:42

The last outlook statement was really bullish. However, I am always nervous when releases are delayed and prices drift down. Usually prices show some strength in the run up to expected bullish RNSs. Just my view.

[donald trumpton] 20/2/2017 09:57

Thanks for letting us know. Patience is a great quality.

[saj3] 20/2/2017 08:33

Just been told by the company that end year results announcement will be this week or next, and they have till 31st march to release results. Just will have to be patient I guess.

[donald trumpton] 17/2/2017 20:29

J777J17 Feb '17 - 09:11 - 1227 of 1240 3 0

I note the average broker target price is 274p, suggesting nearly 100% upside.The highest target price being 328p.

This from the last trading update at the end of October 2016...

"The Group's steady progress has underpinned a strong FY2016 financial performance. The Board anticipates that revenue will be in line with market expectations and, despite the significant planned investment in the marketing and promotion of Fusionex's products, EBITDA is expected to be significantly ahead of market expectations.

The Board expects the positive momentum experienced in FY2016 to continue in the current year."




In 2014 this was trading around 700p.

[donald trumpton] 17/2/2017 20:28

Obviously I would agree with you 100% chadders. There has been no recent news from the company that earnings will be falling below expectations, quite the opposite has been implied in fact.

Here's looking forward to results..

[chadders] 17/2/2017 19:26

What's the potential downside v the potential upside? This crashed because they were not focused on cash flow, which they are now. The past history of "eyes off the ball" continues to dominate sentiment and the share price. I believe that currently the potential upside far out-weighs the potential downside from this level.
Just my view, no advice intended.