Sumus Share Discussion Threads

[davethechef] 19/7/2005 21:03

Hoodless Brennan stockbrokers still remain very upbeat on these shares'
They recemmended these, and i bought on the day they floated.
i am surprised however how they are gradually dropping on very little. or
recently NO trades. I will ring Hoodless over the next few days.
Remember it is a usual ploy of the dreaded MM's, to drop a share price to try to
get you to sell, to pick up cheap stock AHEAD OF IMMINENT GOOD NEWS' which I
believe should then , hopefully, rise the share price.

[chaweewan] 19/7/2005 12:40

protrader2

And no sales no real news - except for a dividend! - but I am down from 44.

Patience I suppose - not too good at that.

PS this post always has an 'edit' for some reason I do not understand.
Someone kindly enlighten this naive soul

[protrader2] 22/2/2005 08:27

From allnewissues.com:

With over 20 years of experience in the IFA industry, Sumus, the parent company of Bristol based Falcon Network has chosen to list on AIM. The company has completed a £3 million fundraising and is to be valued at £13 million at 40p. The shares begin trading on 17 February.

....

The numbers seem to stack up. Forecasts are based on the assumption that the number of IFAs operating will increase from 137 in the 2004 to 160 in 2005 and 195 in 2006. Current average revenue generation of each IFA is expected to be maintained at £80,000. Costs are expected to increase only marginally in the short term. If the company delivers on forecasts issued at the pre-IPO fundraising, a PE of 13 in the year to September 2006 looks undemanding especially that post IPO the company will be sitting on net cash of just over £4 million. BUY.

Please DYOR.