Bus.Sys.Grp Share Discussion Threads

[safman] 05/6/2003 22:22

look at the new look website as well... no one can guarantee what their results are going to be like... but is does look positive ...

7.3mln .. NO DEBT .. i like that...

BUT .. not only that e-buisness will improve... these type of companies that provide this service have been hit hard... IBM / MS / partners..

www.bsg.co.uk..

[cockneyrebel] 05/6/2003 21:58

Here's the AFX brief from the interims:

Quite some loss reduction plus sales growth and margin increase in tough times.



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.

[safman] 05/6/2003 21:25

if results are good.. imho.. i expect them to be considering how well thety did in their last statement. Remember, their last statement was produced when most other companies were getting slapped left right and centre....

Nothing is without risk.. and these look good to me..

DYOR -

and of course ... Good Luck...

[drw1] 05/6/2003 18:29

Results due June 20th.So not long to wait.

[cockneyrebel] 05/6/2003 14:08

Yep, nice tick up today - looking forward to the results.

Market cap still under £5m, £7m cash, no debt.

If these are into profit or cash generative then these are going to motoer imo.

CR

[safman] 05/6/2003 08:25

ticking up slowly ..

[safman] 29/5/2003 19:15

Hi CR.. yep, i am aware.. not sure exactly whats happening.. probably one institution buying from another.. i know a friend who bought these at £1.10...

still i believe a very good recovery play...if results are good - 10p+ on the cards...

I can understand why this board is quiet.. no share movement in ages, but looking good...

good luck

[cockneyrebel] 29/5/2003 19:03

The large trade at the end was a single protected trade marked 'T'.

These trades are usually filled through the day or 'worked'. The fact that it shows a time of 16:23 doesn't mean that's the time the trade was initiated, its the time the trade was filled.

So, someone earlier on in the day, say 10:15 may have asked to buy 475K at 5.25p, withing spread. The mm's agree but say we'll work it through the day and book the number they manage to get at the end of trying on once the quantity is achieved. So there is the posibility it is a buy or a sell.

Might be the sell that fills the 400K buy at 5.625 earlier tho.

CR

[safman] 29/5/2003 16:27

large sells at the end and price is still up...

[hugepants] 29/5/2003 15:21

I was going to say this is the widest spread Ive seen since visiting a strip club in Shoreditch. However there was a place in Paris near the Place de Pigalle. Truly unbelieveable.

[hugepants] 29/5/2003 15:17

A spread now that can only be described as truly awful. Yes 5.25p-6.5p.

[safman] 29/5/2003 11:57

one thing to note is that these results up to the period sept 2002..thatb period was tough and they seem to have come good throug it... there has been a growth period since then in th IT market...

The next results should be very interesting...

[safman] 29/5/2003 11:26

mkt cap 4.4m no debt...

previous set of results showed reduced losses.. results out soon... this could turn out to be a good investment..

[safman] 29/5/2003 11:09

Oh yes.. rather large trades still going through...

[safman] 29/5/2003 11:04

yes i've had a read.. spoken to a few people... this could be an excellent recovery play...

I hope i have the timing right.. and have read their reports...

Just bought in this morning..

Good recovery potential... Results out last year were on the 17th of June...
I will look to see if i can find any further information...

Good Luck!!

[drw1] 29/5/2003 10:57

Was racking up big losses.However last results showed real progress.The business cost base has been reduced and so any pick up in sales could see meaningful profitability.Give last results a read!

[safman] 29/5/2003 10:47

This company looks extremely undervalued... could someone give me a reason why the share price has fallen so much...

thanks...

[drw1] 29/5/2003 10:40

Not Hornby yet CR,but definitely on to something here!

[hugepants] 29/5/2003 10:11

Not a bad website at www.bsg.co.uk. Some recent news.

[cockneyrebel] 28/5/2003 17:41

another 100K at the close - 6.8m traded.

£7.3m cash and no debt - market cap £4.42m.

H1 loss of £446K, down from the £4.5m last year in H1.

"Despite the difficulties of the market, BSG has demonstrated that, having
reduced the cost base, it can grow revenues, win new customers and develop new
services. It is the Board's aim to continue that growth and development in the
second half of the year."

Lets hope they can - but with £7m+ cash then even if it takes another year there are far more liquid assets in this company than the market cap.

Will take a 60% rise from here just fore this to be trading at the cash in the business at last interim results.

CR

[cockneyrebel] 28/5/2003 16:37

8% of the company shares traded in huge lumps, just prior to the results.

Price up and 3mm's on the bid @ 5p.

Looks very interesting :-)

CR

[hugepants] 28/5/2003 15:44

Big chunk of the company traded today. Hopefully we'll see an RNS.

[safman] 28/5/2003 14:32

thanks mate..

[cockneyrebel] 28/5/2003 14:29

A 1.5m MM trade - looks like a buy from when the offer dipped earlier (do they dip the offer to make the buy look like a sell later?)

Anyway price up nice on decent trades with results close (date not fixed as far as I'm aware - June 17 last year)

CR