Bus.Sys.Grp Share Discussion Threads

[latifs100] 29/11/2002 09:30

i have waited six months still 3 to 4p, will wait another six months, good to see losses gone down

[drw1] 29/11/2002 09:17

Any views on the results?Looks interesting to me given the low market cap of 4 million with cash of 7 million and no debt?

[tony14] 29/11/2002 08:05

LONDON (AFX) - Business Systems Group Holdings PLC, which provides
end-to-end technology solutions for the business-to-business market, has cut its
pretax loss for the six months to Sept 30 2002 to 0.4 mln stg from a loss of 4.5
mln a year earlier.
The turnaround in results come from increasing revenues, improving gross
margins and a reduction in the cost base.
Turnover increased 7.5 pct over the corresponding period last year to 14.1
mln stg as a result of new contracts and high retention rate among existing
clients.
Gross margins improved to over 19 pct from only 1 pct a year ago, the
company said. Its cost base was substantially lowered with annual payroll cost
savings of over 2.9 mln stg.
The group has also had significant success in its Webgenerics' hosting
offering. This has resulted in revenues for the business quadrupling to over
1.1 mln stg for the six months compared with a year earlier. Earnings before
depreciation and amortisation were positive in the period for the first time
since Webgenerics was launched in 1999.
The Group's balance sheet remains strong with 7.3 mln stg of cash and no
debt.
Chairman Geoffrey Procter said the board believes that the information
technology market will remain subdued for at least another six months, and
possibly for all of 2003, as customers continue to delay projects and conserve
cash.
This is particularly true in relation to hardware and software in BSG's
traditional client base, in the City and financial services, he said. Hence,
although the group will continue to invest in its relationships and expertise in
these industries, it is developing new markets in the property, publishing and
voluntary/charity sectors, where demand remains more robust.
However, while the market remains depressed, the board said it recognises
that the greatest challenge will be to gain new business, especially in the
consulting division.
[e-mail]
slm/

[latifs100] 27/11/2002 00:48

i have been waiting last six months, no news at all, plz dont sell, it is illiquid stock. lol

[pdyke14856] 26/11/2002 11:26

No not at all. I dont own any. Was looking at fundementals and wondered what people think of the company.

[pdyke14856] 26/11/2002 01:43

Appears to have a significant discount to its cash pile of £8.4m with Market Cap at around 3.2p.

[latifs100] 14/10/2002 16:55

wot is happin to this one, anyone>

[latifs100] 10/10/2002 17:29

lol,i will stick out for ten years, if this labrador survives.

[frisbyd] 02/10/2002 11:23

If we are, for goodness sake don't sell!!

[latifs100] 01/10/2002 20:08

are we the only two shareholders in this dog (lol)

[frisbyd] 01/10/2002 15:46

Latifs,looks like we are alone!!Good luck to you anyway,and to all
who sail with us...

[frisbyd] 01/10/2002 00:55

It is lonesome out here,anybody got any dates etc? is any news due yet?

[latifs100] 11/9/2002 09:15

director owns 55.5% - sure a good sign. any views

[m.darken] 17/5/2002 00:18

recovery play for the ultra brave according to shares mag today

[cp_mclean] 16/5/2002 00:17

What - the number of posters on the BB?

[biomax] 09/5/2002 08:19

to duoble soon!

[biomax] 08/5/2002 23:02

boring wait, but it should go up soon!

[biomax] 01/5/2002 12:10

no sells today, when the seller is out, this should move to 20-10 p

[sirrah] 30/4/2002 14:42

was tipped citywire.co.uk 19 and 26 April

[biomax] 29/4/2002 07:53

fill me boots!

[biomax] 28/4/2002 21:48

could be tipped in the next weeks magazines