Eg Solutions Share Discussion Threads

[pugugly] 26/3/2008 09:51

cyberpost:- Agreed - strip out the cash amd a very low valuation BUT they have to get the sales volume and there appears to be a clamp on capital expenditure as a result of the credit crunch.

I am tempted but experience tells me to wait - I may miss the bottom if it recovers but would be impossible to sell if tagets missed.

[ed winchester] 26/3/2008 09:34

Quite agree cyber. There are shells that are capped more than this.

[cyberpost] 26/3/2008 09:18

Considering it has no debt, at £1.43m market cap, share represent very good speculative value. Also, towards the end of the last financial year they were profitable. In just two months they have racked up orders worth £3m. Also, nearly £1m cost savings will materialise this year. Its very highly geared. As soon as its break even, then any other revenue will significantly boost the bottom line.

[pugugly] 26/3/2008 09:12

Jury very much still out. Cash burn was horrific and some £716K of R&D capitalised. I am personally very dubious of capitalised software - I have found out the hard way that it often has no resale value.

Business seems to be stabalising but the 2nd half was still LOSS making though appearing to break even at the end of the period.

The order pipeline quoted at £3 million offers promise but (imo & dyor) will not support the business. They need to get some significant orders for this year (I would guess somewhere in the region of £2 - 3 million) in order to return to significant profitability.

Conclusion. (imo & dyor - all suggestions welcomed) A gamble at this level. Could well run out of cash as less than £900K left.

[cyberpost] 26/3/2008 08:24

no nasty surprises but looking forward its does look like EGS is in recovery mode

we are pleased that our order book for the forthcoming year is already
£3m, 50% higher than at the same point in the 2007 financial year. The sales
pipeline is healthy and, on this basis, we will continue to demonstrate
continued recovery during 2008.

[htrocka] 21/3/2008 09:19

The BOE should take lessons from the 18th Century.......history always repeats itself.

[htrocka] 20/3/2008 18:01

With the credit crunch in full swing, various rogue traders are shorting the Banks.....and they don`t like. They`ve appealed to the FSA to have them stopped.....and spouting foul play....yet it`s alright for the banks to shorten smaller fish like Energis with the FSA`s blessing.....what a corrupt society we live...on the other hand, it`s nice to see capitalism working properly with £3bn wiped off HBOS today.....I hope they can stomach their own medicine. In the world of finance it`s a dog eat dog world...now the predator has become the hunted.....and about time too. Nice to see a level playing field.

[cyberpost] 14/3/2008 07:29

New Contract Wins



RNS Number:0957Q
EG Solutions plc
14 March 2008


Issued by Golley Slater


Date: Friday 14th March 2008 Embargoed: 7.00am



eg solutions plc


New Contract Wins


IT Software and Services company eg solutions plc (AIM: egs) is delighted to
announce that three new contract wins have been secured within the first trading
month of the 2008 financial year.

The new business contracts have been signed with Nationwide Building Society,
Co-operative Financial Services and the Co-operative Travel Group, and further
details are as follows:


* Nationwide Building Society ("Nationwide") have commissioned a further
implementation in their Specialist Lending Division in Bournemouth. This
follows the recent upgrade to the new versions of the eg operational
intelligence(R) software suite (launched in 2007) that took place between
November 2007 and January 2008. In this new project Nationwide will use
eg's software to migrate UCB Homeloans into the Bournemouth operations
centre.


* At Co-operative Financial Services, eg has secured a major software
services project to embed the eg operational intelligence(R) software suite
into an integrated solution. This will automate the processing of inbound
and outbound correspondence. The full solution will be developed in
partnership with three other companies; Xerox, Communisis and Exstream. eg
will provide the operations management components of the solution including
work and process management, and the automatic production of historic,
real-time and predictive MI.


* A further new implementation will take place in the Travel and Tour
Operator Payments teams of the Co-operative Travel Group. eg's software was
already installed in the Financial Shared Services teams of The Co-operative
Group before the retailer merged with United Co-operative last year. This
new implementation will take place in the Travel and Tour Operator Payments
division of the merged group. The new versions of eg operational
intelligence(R) will be implemented, demonstrating another application of
the enhanced functionality of the software outside financial services.


The new and improved versions of our products, which were launched in October
2007, are now used by over 5,000 users, across 7 companies, bringing our total
worldwide users to over 40,000.


Commenting on the success, Elizabeth Gooch, Chief Executive Officer said:


"We are delighted to have entered into new business contracts with these
companies; and we remain committed to developing further opportunities to
diversify and expand our client base both within the UK and overseas."


eg solutions will be announcing Preliminary Results for the full year ended 31st
January 2008 on Wednesday 26th March 2008.

[cyberpost] 12/3/2008 15:03

agree with you 100% on that seahorse. that's why i've been adding today.

[seahorseleisure] 12/3/2008 14:59

Announcement today that the 'new' finance director has left.

He only joined in September.

I think this will go private again as it can't justify being on a market and there is no obvious institutional interest.

Looks like it will only be a matter of when and at what price.

SH

[sik68] 05/2/2008 00:45

Just come around again to see what is happening!
Happy New Year!

[cyberpost] 31/1/2008 13:24

she still holds over 60% of the stock.

Major Shareholders %

Gooch, Elizabeth Ann 61.5
F & C Asset Management 14.2
Gooch, Elizabeth Ann 8.23
Unicorn Asset Mgmt 4.12
Noble Asset Management 3.35
Baker-Bates, Rodney Pennington , 3.32
FICA FIB

Total 94.8

[rbcrbc] 31/1/2008 13:21

It was previosuly private I believe, but she wanted a way to get her money out.

[cyberpost] 31/1/2008 12:33

cheers pug

which broker note was that from please ? and what date ?

the order book for 2008/2009 (this financial year) is "healthy" and returning to profitability in the last few months is a positive.

Very very few shares in free float. I have a feeling it will be taken private by the majority share holder (the CEO).

[pugugly] 31/1/2008 12:30

cyberpost:- Good luck -

Analyst's worse case scenario was for adjusted LBT of £0.5M and exceptional of (one off costs of) £0.4M.

Agreed looks interesting BUT risk/reward ratio still not interesting to me.

[cyberpost] 31/1/2008 11:52

thats my 10k.

[cyberpost] 31/1/2008 11:42

they are expected to make a loss overall for the year ended 31st Jan 2008.

Their trading statement did say they were profitable in the last few months of the year.

With recent big order win, I expect they will be profitable for the year ended Jan 2009.

With it being debt free, its a very good recovery play, especially with it only capped at c.£1.4m.

[cyberpost] 31/1/2008 11:37

pug

which broker is that ?

Brewin issued a note on the 28th and they didnt give any forecasts but issued a "HOLD" reocommendation.

I am tempted to buy but wait till it bottoms.

[pugugly] 31/1/2008 11:32

Down yet again - Brokers forecasts yet another significant loss - imo coudl be a busted business model - Any other views/opinions etc.

[loverat] 21/1/2008 20:14

Yet another profit warning.

Another one for the bin.

[loverat] 17/1/2008 18:29

Looks terrible.

[robsy2] 17/1/2008 18:27

I don't think they are paying any divis!

[rbcrbc] 16/1/2008 17:07

and I was half expecting a (tiny) divi cheque that never showed up.

[robsy2] 16/1/2008 16:47

I am so glad I am out of this stock, they are not even sure when the company year end is !!!!!
re
The issuer has made the following amendment to the "Significant New Contract
Win" announcement released 21 December 2007 at 14:16 under RNS number 5349K.

The financial year end is 31 January 2008, and not 31 December 2007 as
previously stated. Also Elizabeth Gooch is Chief Executive Officer and not
Chief Operating Officer, as previously stated. A full corrected version of the
announcement is set out below:

[cyberpost] 21/12/2007 21:56

its a classic MBO candidate.