F.T.S.-Formula Share Discussion Threads

[tara7] 14/12/2010 11:11

Markt, are you telling us FTS will not pay a divi, which in effect goes to the directors as they own most of the stock.????????????????

Are you saying they made a mistake a year ago paying a 30% Divi.??

[tara7] 14/12/2010 11:08

I had posts like this on my Northacre header for months, the stock at the time was 18p, now over a quid, !! OPF 9p and i was told the same, paid out 80p since inc the share price today.

[markt] 14/12/2010 10:48

"the 2/3 of the company not sold could make a large profit this year."


TARA7
.....you are going too far.....you are LYING intentionally to ramp this year.
If you look at the interim report and last annual report etc you will see that what you say is completely impossible.

if you like the share , highlight the good points, but do not intentionally lie.

(I note that yesterday someone sold a large chunk of shares (40-50k) ......and price came down after midday peak.......so someone holding a lot of shares does not agree with you....or maybe it was you !, selling into your 'pump up' !)

[markt] 14/12/2010 10:43

Be warned !

The FTS story is not as rosy as Tara7 is painting.....

PUMP IT UP !.

FTS has sold the profitable part.

All non-USA software companies want to operate in the USA since biggest market.....and FTS operated in USA....BUT it has now sold that part !!

So it must have problems.

If you look at the co. report you will see that all the non-USA parts reported operating losses in the interim and annual report.
Then you have 1M rent to pay. Then 2M to pay to directors and key managers. Staff costs in region of 20M.
The annual report will report, I am sure, that these costs have chewed through a good part of the 13M dollars paid for FTS USA.

The company called back its ex-MD....to dig them out of the mire.
They thought they were doing fine, so they paid 4M dividend.....since then it has all changed. Turnover went from 34M to 19M.

The company does not comply with its bank convenants as reported in last co. report. So banks could take back their money at any moment if they wanted to be tough, or negiotate new terms perhaps.
It had cash in its account but also bank loans of approx. 6M, so little nett cash....and the operating loss will wipe that out.

To sell your USA operations you must be in trouble.....no-small non-USA software company wants to do that. Every company wants to expand their USA operations and increase chance of doing deals with global USA companies.
IBM, HP, Cisco, Dell, NTAP, ELX, etc etc and .....etc !. Their HQs and main operations are in USA.


If you remove the sales of USA FTS (7.9M) and the 4 big customers that are listed then you get only 2.9M turnover left.
2.9M. Nothing.

And the listed 4 big customers have reduced their business with FTS from 2008 to 2009.
If the business from the 4 big customers tails off....then there is little business left.

Note also that FTS stopped development of 1 new product and wrote off the R & D. And declared that would return to trying to sell its "legacy" products. Legacy, old.
Its all in the co. reports.

I see the FTS USA sell off as a stay alive measure.
With the next annual accounts the share price could, I think, crash down or up.

I am sure there are some + points to FTS as well, but do not ignore the -ve points.

[encarter] 14/12/2010 10:28

Yep, no stock available so mms have no choice but to keep raising the share price to reflect FTS true value. The recent sale values 1/3 at 25p, do the math.

[allstar117] 14/12/2010 10:20

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[tara7] 14/12/2010 10:07

No idea, would you like to ask?

[corrientes] 14/12/2010 09:33

That would really set this alight as a lot of uncertainty would be removed as to how to value the proceeds of the subsidiary sale, nevermind the inate value of the remaining business which would be worth considerably more than the market is presently placing on it.

Is Semour Pierce the house broker and, if so, do they have any comment on the sale etc ?

[tara7] 14/12/2010 09:16

I think the market has not not a glue about FTS, i also think delayed orders are now comming through and the 2/3 of the company not sold could make a large profit this year.

Sharescope shows a profit on its forecast page [i am told.]

[tara7] 14/12/2010 09:13

Agreed just think how many firms pull of a $2M investment and sell for $13M in the last five years.

Well done to the directors.!!

[corrientes] 14/12/2010 09:11

Its the sniff of a dividend that will catch the eye.Who knows, they may keep the money for another investment deal. I haven't studied the latest accounts,and am not sure how much value is left.Any idea tara7, apart from assuming profitability proportionality to revenues ?

[encarter] 14/12/2010 09:10

The deal is done for sure but an announcement on them receiving the cash and news on any divi should start things really moving. The last announcement was also after hours so would have been missed by many.

It's only days away so as news filters through and the word spreads we should see some steady buying and a steady rise in the share price then with so little stock around the next announcement will give us a nice boost imho.

[tara7] 14/12/2010 08:47

The directors have paid over 50p for these in the past and any buying by them now will see the stock rocket in my view.

{not sure if they can buy two weeks prior to year end] AIM rules.?

[tara7] 14/12/2010 08:44

But, the deal is agreed and they have know each other for years, some will wait, but for them it might be to late.!

[encarter] 14/12/2010 08:42

These should be at least double this imho. Perhaps we will have to wait until FTS get their hands on the cash which is in the next week or two.
"The purchase is expected to close in late December of 2010."

[tara7] 14/12/2010 08:36

Top of the leader board

[tara7] 14/12/2010 08:35

Buying on plus as well.

[tara7] 14/12/2010 08:33

here and now, however they are not loaded with cash [like FTS]

[tara7] 14/12/2010 08:26

On the move now