Eg Solutions Share Discussion Threads

[pre] 21/12/2007 17:23

should see the share price rise back from here imo....nice 850K contract win bodes well imo:-)

[cyberpost] 21/12/2007 14:20

EG Solutions Re Contract




RNS Number:5349K
EG Solutions plc
21 December 2007



Issued by Golley Slater

Date: Friday 21st December 2007



Immediate Release



eg solutions plc

Significant New Contract Win



IT software and services company, eg solutions plc ('the Company'), is today
pleased to announce a significant new contract win with a major UK life &
pensions company.



The company will provide the new version of it's eg operational intelligence
software, launched in April this year, together with the eg principles of
operational management.



The contract is worth circa £850,000 of revenue, the majority of revenue will be
recognised in financial year 2008.



eg solutions plc will further update shareholders on this significant
development and on the Company's overall trading performance in a Trading Update
announcement for the financial year ending 31 December 2007. This is likely to
be issued in mid-January 2008.



Commenting on this significant contract win Elizabeth Gooch, Chief Operating
Officer said:



"Following an arduous trading year where we have been concentrating on reducing
costs and strengthening the fundamentals of our business, we are delighted to
have secured such a significant new contract"



"The contract is an important development for eg solutions plc within our core
UK markets. It further demonstrates our continued focus and commitment to our
home market whilst we also concentrate on our international expansion."

[finmac] 08/12/2007 00:27

Keep it up lad, we will win in the end, even Jacknife has given it up as a bad job.
Regards
Finmac

[sawbones1] 04/12/2007 10:25

at hot mail dot

com

[finmac] 29/11/2007 00:34

family guy
It's important that any losses you made on Energis are recorded as a Capital Loss with the Inland Revenue. You can claim this loss, if you have notified it for several years.
Regards
Finmac

[family guy] 14/11/2007 13:22

I take it the next time I come into the income tax bracket I can write these off?


vbrs


Penniless of Penicuik

[sik68] 14/11/2007 00:53

Iam here as well FinMac!

[finmac] 05/10/2007 17:39

Dear All,
No chance they have obviously heard heard our message and reinstated us at the top,
Regards
Finmac

[sik68] 02/10/2007 20:28

Well, Dreams come true some times...

[htrocka] 01/10/2007 17:08

what a dream that would be....

[finmac] 01/10/2007 16:49

I see we have dropped off the Energis site, does that mean they are about to repay the money they owe us.
Regards
Finmac

[pre] 27/9/2007 09:18

Tks pugugly...nice move up by mm's....following todays rns..

[pugugly] 27/9/2007 08:55

pre:. Explained in today's rns. Transfer (sale) by EG to her pension fund. Possibly tax related. imo no share price implication.

[pre] 26/9/2007 19:05

interesting significant buys...385000 shares..rollover:-)

[pugugly] 26/9/2007 08:48

Robsy2:> Sorry to hear of your loss. I agree results are diabolical. Must say I am surprised that the share price has held up so well so far.

The worst element for me is the cash burn of £1.1M in 6 months .

No dividend payable (correct for the business) so no yield support for the shares.

Conclusion (but dyor and no recommendation implied) share price could continue to drift down untill news of positive cash flow and or significant number of new contracts.

[robsy2] 26/9/2007 08:31

Shocking set of results, another 6 months like that and they are out of business.Changing their business model , trying to attack new markets , investing hard cash in new markets and product and all in an increasingly competetive environment and all the tme leaking cash. I take no positives from the results and over and above that some of the language used baffles me , especially the bit where they refer to the results being in line with "market expecatations" I never saw anything telling the market that this would lose so much money in the 1st half of the year.
I am out!

[robsy2] 13/9/2007 16:22

results due soon I see, lets see what progress has been made . I am hopeful!

[finmac] 08/9/2007 00:12

sik68
We still own the shares and untill the company is liquidated formally there is hope.and a great pink pig has just flown past my window.
Regards
Finmac

[sik68] 31/8/2007 22:18

Iam still waiting FINMAC. Any idea when this day will come? Do you have any other information?

[smarkmmm] 24/7/2007 22:06

Shares of IT software and services company EG Solutions are worth a look at 41p. It has secured its first major contract in South Africa with Standard Bank, the country's largest lender.

EG has put in place a guarantee to speed up transaction times by 10%. Standard operates from 18 African countries and 21 countries on other continents.





eg solutions secures first contract in South Africa


Standard Bank Leads The Way For Global Expansion

IT software and services company, eg solutions plc, has secured its first contract in South Africa with the country's largest bank.

eg solutions has been engaged to apply its principles of operational management® to achieve consistent management practices, improved team leader capability and cost benefits in the Vehicle and Assets Finance division of South African-based financial services company, Standard Bank.

The deal, signed in May, is particularly significant for eg as it is the company's first major customer to be secured in South Africa. Standard Bank has a global presence, operating from 18 African countries and 21 countries on other continents, with over 42,000 employees.

eg solutions has put in place a guarantee to achieve a 10% increase on the bank's throughput times. Using the eg principles of operational management™, the company will conduct a structured training and coaching program for Managers and Team Leaders to ensure consistent application of capacity planning and work allocation, communication and motivation techniques.

Derek Brown, Managing Director of eg South Africa states: "Securing this deal confirms our research that there is a ready market for eg in South Africa. Having worked in South Africa for the last 12 years, I am confident we will be able to significantly increase our customer base in South Africa in the near future."

"The strength of adoption of leading-edge technologies makes South Africa the next obvious choice for our continued expansion," said Elizabeth Gooch, CEO eg solutions. "We are also expanding our Software teams into South Africa to support our expanding continental client base. It is a fantastic market and the cultural fit is good."

eg solutions is rapidly expanding its presence in South Africa with an office in Johannesburg. The company is currently recruiting locally in order to build a full team in South Africa. This team will be used to serve new clients in Africa but will also be involved in supporting the global expansion of the company.

NOTES TO EDITORS:

About eg Solutions
eg is the leading provider of Operations Management solutions that form a rapid performance improvement programme to create a step change in Operations Management capability and culture using two core products/services:

• Proprietary software packages
• Production management methodology

eg's proprietary software packages, including eg work manager® and eg operational intelligence®, have been developed and refined over the last ten years and form a comprehensive work, resource and performance reporting tool. They enable clients to gather information about the key factors affecting performance, thereby identifying appropriate decisions and actions to improve efficiency and reduce costs.

When implemented with the eg principles of operational management®, eg work manager® provides the opportunity for eg's clients to double their productivity and dramatically improve customer service levels almost immediately. It also forms a foundation for continuous improvements in subsequent years.

[pre] 24/7/2007 08:21

very nice....news on its way perhaps:-))

[robsy2] 23/7/2007 16:38

Nice interview so thanks smartmmm,well found !
This one looks interesting. I work in Financial services and I see a great need for their products!
R

[smarkmmm] 20/7/2007 20:08

Wonder whether the news from the Co-op today will be positive for eg?

(eg work manager® has over 38,000 users across the UK, India, Dubai and the Far East - leading financial institutions including: ... Co-operative Financial Services .....)



The Co-operative Bank PLC
20 July 2007

Co-operative Financial Services Announces Operational Improvement Plans

Co-operative Financial Services (CFS) has today announced plans to improve its
operational business performance for the benefit of its 6 million customers.

This next stage of development, which follows the integration of Co-operative
Insurance and Co-operative Bank, will see a capital investment of £250 million
being made in the business to support planned growth in areas such as retail and
corporate banking and general insurance.

The investment plans include enhanced relationship products, a new web offering
for general insurance, new technology for CFS financial advisers and a doubling
in the number of corporate banking centres.

In order to maximise the return on this investment and to ensure it serves
customers in the most cost effective way, CFS also plans to reduce its
annualised operational costs by £100m by the end of June 2008. The benefits of
the reduced cost base will be shared between CFS's operating entities.

A number of measures will be taken in order to achieve these cost reductions but
job losses are regrettably unavoidable and CFS proposes to reduce its workforce
by approximately 1000 during 2007. Other cost savings will be made through
improvements in supplier procurement and by simplifying business processes
throughout the organisation.

People in our customer-facing roles will be unaffected by these changes
specifically those who service or sell to our customers by telephone, financial
advisers and customer-facing advisers within bank branches. CFS has also
re-affirmed its commitment not to off-shore any of its customer facing sales and
service operations.

Commenting David Anderson, CFS Chief Executive said;

' The investment we are making in our business is substantial and supports a
clear business strategy that will see our customer and membership base grow
significantly in the coming years.

' To ensure this growth is both sustainable and profitable, it is essential that
we continue to improve our operational effectiveness and remove any business
processes, which do not add value for our customers and members.

' This will enable CFS to provide a comprehensive range of high quality
products, delivered through a number of UK based service channels to an
increasing number of co-operative customers and members.

' Decisions taken which lead to a reduction in colleague numbers are not taken
lightly and consultation is underway with all the relevant trades unions.

'Full support will be offered to all colleagues affected by these changes. CFS
will aim to achieve some of these changes through voluntary means however the
scale of the reorganisation will mean that compulsory redundancies are
inevitable.'

This information is provided by RNS
The company news service from the London Stock Exchange

[pre] 20/7/2007 08:32

This looks nicely poised for a strong recovery, imo, dyor:-) nice article above..worth a read:-) Good find smarkmmm...deal in pipeline?