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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| F.T.S.-Formula | LSE:FTS | London | Ordinary Share | IL0010935257 | ORD NPV |
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| 0.00 | 0.00% | 15.00 | 0.00 | 01:00:00 |
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| - | O | 0 | 15.00 | GBX |
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| Date | Time | Title | Posts |
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| 06/7/2011 | 10:42 | FTS News after hours FRI 10/.12/ 10 $13M plus cash on its way.!! | 344 |
| 15/2/2011 | 08:30 | Formula Telecom Solutions Ltd | 1 |
| 30/12/2010 | 13:23 | TARA*S threads 2009, CUS, 500%, OPF,600%, CHWI 400% PXS, 1600%, and now FTS | 132 |
| 25/11/2009 | 11:08 | 30% YIELD TODAY 22 /Nov /09 BEAT THAT .!!!!!! | 19 |
| 21/11/2009 | 07:13 | Two million pound company, earning Two point two million pounds a year. | 77 |
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Posted at 09/3/2011 12:50 by moreforus Annual Financial ReportTIDMFTS RNS Number : 6263C F.T.S-Formula Telecom Solutions Ltd 09 March 2011 F.T.S. - FORMULA TELECOM SOLUTIONS LTD. AND ITS SUBSIDIARIES (An Israeli Corporation) CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2010 Directors Dan Goldstein, Non-executive Chairman Amos Sivan, Active Vice Chairman Ronnen Yitzhak, Non-executive Director Eliyahu Shushan, Non-executive Director Yael Hershtik, Non-executive Director* David Joel Rubin, Non-executive Director* John Robert Camber Porter, Non-executive Director* * Independent directors Company Secretary: Alon Raz (Chief Financial Officer) Registered office: 8 Maskit Street Herzliya 46120 Israel Chairman's Statement I am pleased to report FTS' 2010 annual results for the twelve months to 31 December 2010. FTS develops and sells advanced billing & customer care, policy control and infrastructure software solutions for communications service providers. Our solutions enable providers to address the key issues of today's communication market: customer retention and revenue growth. By analyzing events from a business standpoint rather than just billing them, FTS allows providers to better understand their customer base and leverage business value from every event and interaction. FTS deploys its full range of solutions to customers worldwide and has implemented solutions in wireless, wire-line, cable, content and broadband markets. The Company targets operators in emerging markets with end-to-end billing and customer solutions, as well as tier-1 & tier-2 operators in developed markets with add-on billing, charging and policy control solutions. The telecoms market is evolving with the growth in both wireline and wireless broadband (WiMAX, LTE) IP-based communication and continuing consolidation in the market. In response to market changes, providers are restructuring their businesses and aligning vendors to their future needs. This is both a challenge and long-term opportunity for FTS. FTS predicted these transformations in the industry and has been working aggressively to adapt the Company to the new market environment, as well as developing new products and services that meet the customers' ever-changing requirements. In today's telecoms market, operators, and especially mobile operators, are faced with unprecedented rapid growth rates in data traffic, following the increased use of smartphones as well as the availability of attractive eat-all-you-can flat-rate plans. As a result, service providers, which need to ensure the capacity and the quality of service on their networks, are faced with increasing costs, which are growing faster than data services revenue growth. As a response, operators worldwide are increasingly deploying policy control tools. Policy control enables operators to control a specific customer's experience, using traffic-management techniques and based on that customer's subscriber profile. As wireless operators head to all-IP networks, we expect the demand for policy control solutions to grow rapidly. FTS' Leap Policy Control is pre-integrated with charging, billing and subscribers' data, thereby enabling monetization of data services and the policy management tools. FTS' Leap Policy Control is deployed worldwide, either as a stand-alone solution which resides side-by-side with the operator's existing billing system, or as a part of a full, end-to-end billing environment provided by FTS. Leap Billing is an end-to-end converged solution based on business processes that reflect the industry's best practices. The solution allows new business practices to be instantly implemented and new services, bundles and promotions to be rolled out immediately, without involving costly billing integration projects. In this way, billing is no longer the traditional bottleneck for launching new services. Instead, with Leap Billing, the service provider's billing system becomes a business enabler for offering new marketing plans or services, with a rapid time-to-market. Leap Billing offers a long-term, viable solution to the ever-evolving needs of telecom providers. At the beginning of 2009 FTS introduced "FTS express", a billing software appliance with "out of the box" functionality, specially tailored for small operators and Greenfields (ISP, VoIP, WiMAX, LTE, IPTV and content providers) as well as for niche services of larger service providers. FTS express is mainly offered through 3rd party partners, including global and regional systems integrators, value added resellers and technology partners. On December 10, 2010 PAETEC Holding Corp. (NASDAQ GS: PAET), a FORTUNE 1000 company, and FTS announced that PAETEC's wholly-owned subsidiary, PAETEC Software Corp. had signed a definitive agreement to acquire the entire assets and assume certain liabilities of Formula Telecom Solutions, Inc., a wholly-owned subsidiary of FTS, in a $13 million all-cash transaction. The acquisition included the Leap RevChain billing system which PAETEC has been using to deliver its invoices to customers for over 12 years. The transaction was completed on December 27th, 2010. FTS bought FTS Inc., in December 2005 and ran the business, which primarily targeted service providers in the North American market, successfully and profitably until the sale to PAETEC. The sale of FTS Inc.'s assets is evidence of FTS' experience in identifying market needs and trends, operating successfully in diverse markets and offering unique solutions for the billing industry. Following the sale of FTS Inc., FTS continues to offer solutions that will assist leading carriers worldwide to increase both revenues and customer satisfaction, as well as use their BSS as an enabler to drive the creation of new products and services. Market interest in the Company's products is leading to new bid proposals. It is expected that some of these bids will materialize into contracts in 2011, although due to the global economic situation as well as the BSS industry's typical long sale cycles it might take longer than initially expected. Results In the twelve months to 31 December 2010 total revenue was $10,502m (2009: $12,324m), the decrease of 14.7% was mainly due to longer implementation processes than originally expected primarily caused by the global economic situation. Gross profit for the twelve months to 31 December 2010 was $2,520m (2009: $3,320m), gross margin was 23.9% compared to 26.9% in 2009. Research and development expenditure: In the twelve months to 31 December 2010 was $1,045m (2009: $1,830m), a decrease of 42.9%. This decrease was mainly due to diversion of R&D efforts towards delivery of projects and reduction of the headcount. Sales and marketing costs in the twelve months to 31 December 2010 were $1,299m (2009: $2,163m), a decrease of 39.8% mainly due to fewer commissions paid to agents in light of the decline in the sales and reduction of the headcount. General and administrative costs in the twelve months to 31 December 2010 were $2,467m (2009: $3,554m), a decrease of 30.6%. This decrease was mainly due to provisions for doubtful debts and provision for other expenses. The Company's operating loss in the twelve months to 31 December 2010 was $2,291m (2009: operating loss of US$4,227m), the main reason for the reduction in the loss is due to the reduction in all items of expenses. The net financial income, net for the twelve months to 31 December 2010 were $0.278m (2009: financial income, net of $0.533m) which mainly resulted from gains from securities and bonds and difference of exchange rates. The tax expenses for the twelve months to 31 December 2010 were $1,496m (2009: tax expenses of $3,292m). The tax expenses were resulted mainly from writing off tax assets. The net income from discontinued operations for the twelve months to 31 December 2010 was $9,345m (2009: net income from discontinued operations of US$1,715m). Total comprehensive income for the twelve months to 31 December 2010 was $5,280m (2009: total comprehensive loss of $5,271m). The majority of the income is due to income gain from selling the activity of the North American subsidiary. Outlook The Telecom industry, as part of the global market, is experiencing a global economic slowdown which creates challenges for BSS vendors. However, FTS has taken positive steps to adjust its business to the needs of its customers, and has reached a minimal negative EBITDA of just $0.409m, despite challenging market conditions. We believe that our extensive, ongoing efforts will result in increased revenues and profitability in forthcoming years. The Company is involved in a number of bid proposals which are at various stages of the sales cycle. We expect some of these to crystallize into contracts in the near future although it is difficult to predict the exact timing. We also believe that our online charging and policy control solutions and the FTS express software appliance will enable us to further penetrate into the Tier-1 service providers markets, for their niche services. We expect to obtain growth in the future, based on our extensive pipeline and consolidated roadmap of products and solutions. Dan Goldstein Chairman F.T.S - FORMULA TELECOM SOLUTIONS LIMITED |
Posted at 15/2/2011 08:30 by loverat Leading South African Wireless Broadband Provider Deploys FTS' Leap Policy Control SolutionShare this article F.T.S.-Formula (LSE:FTS) Intraday Stock Chart Today : Tuesday 15 February 2011 Click Here for more F.T.S.-Formula Charts. Mobile World Congress, Hall 1, F67 -- FTS (LSE: FTS), a global provider of billing, customer care and policy control solutions for communication and content service providers, today announced that a leading South African wireless broadband provider has now deployed FTS' Leap Policy Control. The new customer is a wireless broadband service provider which offers prepaid and postpaid broadband, VoIP, content and other services. By integrating FTS' Leap Policy Control with FTS' Leap Billing and Cisco's Deep Packet Inspection solution, the carrier is now better able to monetize its network traffic. With Leap Policy Control the South African wireless broadband provider can now introduce a range of new and innovative services to its customer base, increasing its customer satisfaction and revenues. The service provider is also able to more rigorously apply its fair usage policies and so reduce network congestion, thus ensuring a consistent quality of service for all users, as well as reducing revenue leakage. Beyond that, the South African provider is also able to offer subscribers the ability to choose what happens next should they exceed their quota they can either continue with a pay-per-use option or top-up online with a Bandwidth Booster a bundle of extra bandwidth. A further functionality that will now be implemented, with Leap Policy Control in place, is the ability to refund the data consumers use by accessing premium data services like VoIP or online gaming services. Consumers of these services will now be credited with additional data usage on top of their regular Internet quota, meaning that they no longer 'pay' twice for additional services. This offering incentivizes subscribers to sign up for premium services, creating increased revenues while enhancing customer satisfaction. "By selecting Leap Policy Control, this leading South African provider has recognized FTS' expertise in policy control," said Gil Nizri, Vice President Sales & Marketing, FTS. "We were able to help them immediately manage network congestion, which resulted in increased revenues. While the new services and functionality, such as the Bandwidth Booster, have increased customer satisfaction and reduced churn." Leap Policy Control is built upon FTS' patented visual Decision Operations Tree (DO Tree). The solution allows operators to scrutinize the traffic on their network and set rules and policies to react to it in real-time, adapting services based on customer interactions. The South African provider now has a BSS environment that can be an enabler and driver of new services. By putting billing and policy control at the forefront of new services initiation, FTS has assured that providers can effectively monetize their broadband services and can increase revenues while improving customer satisfaction. FTS will be exhibiting at Mobile World Congress 2011 in Barcelona from 14th to 17th February. FTS will be demonstrating its policy control solution and will be available to discuss any BSS issues at its booth - Hall 1, Booth 1F67. To arrange a meeting at the show email meetings@fts-soft.co About FTS FTS (LSE: FTS) is a leading provider of billing, customer care and policy control solutions for communications and content service providers. By analyzing events from a business standpoint rather than just billing them, FTS allows providers to better understand their customer base and leverage business value from every event and interaction. FTS deploys its full range of end-to-end, stand-alone and add-on solutions to customers in over 40 countries and implements solutions in wireless, wireline, cable, content and broadband markets including multiple cross-network installations. Serving the evolving needs of telecommunications providers, the company's operations comprise international R&D locations and strategically-locate |
Posted at 15/2/2011 07:27 by moreforus Leading South African Wireless Broadband Provider Deploys FTS' Leap Policy Control SolutionF.T.S.-Formula (LSE:FTS) Intraday Stock Chart Today : Tuesday 15 February 2011 Mobile World Congress, Hall 1, F67 -- FTS (LSE: FTS), a global provider of billing, customer care and policy control solutions for communication and content service providers, today announced that a leading South African wireless broadband provider has now deployed FTS' Leap Policy Control. The new customer is a wireless broadband service provider which offers prepaid and postpaid broadband, VoIP, content and other services. By integrating FTS' Leap Policy Control with FTS' Leap Billing and Cisco's Deep Packet Inspection solution, the carrier is now better able to monetize its network traffic. With Leap Policy Control the South African wireless broadband provider can now introduce a range of new and innovative services to its customer base, increasing its customer satisfaction and revenues. The service provider is also able to more rigorously apply its fair usage policies and so reduce network congestion, thus ensuring a consistent quality of service for all users, as well as reducing revenue leakage. Beyond that, the South African provider is also able to offer subscribers the ability to choose what happens next should they exceed their quota they can either continue with a pay-per-use option or top-up online with a Bandwidth Booster a bundle of extra bandwidth. A further functionality that will now be implemented, with Leap Policy Control in place, is the ability to refund the data consumers use by accessing premium data services like VoIP or online gaming services. Consumers of these services will now be credited with additional data usage on top of their regular Internet quota, meaning that they no longer 'pay' twice for additional services. This offering incentivizes subscribers to sign up for premium services, creating increased revenues while enhancing customer satisfaction. "By selecting Leap Policy Control, this leading South African provider has recognized FTS' expertise in policy control," said Gil Nizri, Vice President Sales & Marketing, FTS. "We were able to help them immediately manage network congestion, which resulted in increased revenues. While the new services and functionality, such as the Bandwidth Booster, have increased customer satisfaction and reduced churn." Leap Policy Control is built upon FTS' patented visual Decision Operations Tree (DO Tree). The solution allows operators to scrutinize the traffic on their network and set rules and policies to react to it in real-time, adapting services based on customer interactions. The South African provider now has a BSS environment that can be an enabler and driver of new services. By putting billing and policy control at the forefront of new services initiation, FTS has assured that providers can effectively monetize their broadband services and can increase revenues while improving customer satisfaction. FTS will be exhibiting at Mobile World Congress 2011 in Barcelona from 14th to 17th February. FTS will be demonstrating its policy control solution and will be available to discuss any BSS issues at its booth - Hall 1, Booth 1F67. To arrange a meeting at the show email meetings@fts-soft.co About FTS FTS (LSE: FTS) is a leading provider of billing, customer care and policy control solutions for communications and content service providers. By analyzing events from a business standpoint rather than just billing them, FTS allows providers to better understand their customer base and leverage business value from every event and interaction. FTS deploys its full range of end-to-end, stand-alone and add-on solutions to customers in over 40 countries and implements solutions in wireless, wireline, cable, content and broadband markets including multiple cross-network installations. Serving the evolving needs of telecommunications providers, the company's operations comprise international R&D locations and strategically-locate |
Posted at 29/12/2010 20:10 by 5pongebob IDMFTSRNS Number : 6843Y F.T.S-Formula Telecom Solutions Ltd 29 December 2010 FOR IMMEDIATE RELEASE FTS Completes its Sale of its North American business to PAETEC FAIRPORT, N.Y. and Herzliya, Israel | December 28, 2010 | PAETEC Holding Corp. (NASDAQ GS: PAET), a FORTUNE 1000 company, and FTS Ltd. (LSE: FTS) a global provider of billing, customer care and policy control solutions for communications and content service providers, announced the completion of the sale of assets and certain liabilities of Formula Telecom Solutions, Inc., a wholly-owned subsidiary of FTS, to PAETEC Software Corp, which was originally announced on December 10th, 2010. The acquisition includes the Leap RevChain billing system which PAETEC has been using to deliver its invoices to customers for over 12 years. PAETEC announced that the Leap RevChain product will be renamed, "RevChain" and will become part of the newly formed RevChain Solutions division of PAETEC Software Corp. "We are thrilled to have Shaul Ganel and his team launch RevChain Solutions today as a division of PAETEC Software," said Robert Moore, PAETEC executive vice president and CIO. "RevChain is one of the strongest telecom and B2B billing solutions available today. We plan on not only accelerating its innovation and development as part of PAETEC Software, but will maintain RevChain's well-deserved reputation for world-class customer service." "PAETEC will benefit from both a powerful billing platform and a great team," said Amos Sivan, FTS' CEO. "We are proud of the work we have done at FTS Inc., and we will now continue our focus on delivering innovative and flexible billing and policy control solutions." FTS will continue to offer solutions that will assist leading carriers to increase both revenues and customer satisfaction, as well as use their BSS as an enabler to drive the creation of new products and services. ### About PAETEC PAETEC (NASDAQ: PAET) is personalizing business communications for medium and large businesses, enterprise organizations and institutions across the United States. We offer a comprehensive suite of IP, voice, data, and Internet services, as well as enterprise communications management software, network security solutions, CPE, and managed services. For more information, visit www.paetec.comwww.pa About FTS FTS (LSE: FTS) is a leading provider of billing, customer care and policy control solutions for communications and content service providers. By analyzing events from a business standpoint rather than just billing them, FTS allows providers to better understand their customer base and leverage business value from every event and interaction. FTS deploys its full range of end-to-end, stand-alone and add-on solutions to customers in over 40 countries and implements solutions in wireless, wireline, cable, content and broadband markets including multiple cross-network installations. Serving the evolving needs of telecommunications providers, the company's operations comprise international R&D locations and strategically-locate For further information please contact: PAETEC Media Contact PAETEC Investor Contact FTS Media Contact Chris Muller Pete Connoy Moshe Peterfreund (585) 340-8218 (585) 340-2649 +972-9-952-6500 chris.muller@paetec. Joshua PR for FTS Seymour Pierce Limited Patrick Smith Mark Percy +44 7734 600 553 +44 (0)207 107 8000 patrick.smith@joshua This information is provided by RNS The company news service from the London Stock Exchange END DISTLBFTMBITBTM |
Posted at 29/12/2010 20:07 by 5pongebob For anyone not seen this yet.......lets hope this is an interesting day tomorrow............IDMFTS RNS Number : 6843Y F.T.S-Formula Telecom Solutions Ltd 29 December 2010 FOR IMMEDIATE RELEASE FTS Completes its Sale of its North American business to PAETEC FAIRPORT, N.Y. and Herzliya, Israel | December 28, 2010 | PAETEC Holding Corp. (NASDAQ GS: PAET), a FORTUNE 1000 company, and FTS Ltd. (LSE: FTS) a global provider of billing, customer care and policy control solutions for communications and content service providers, announced the completion of the sale of assets and certain liabilities of Formula Telecom Solutions, Inc., a wholly-owned subsidiary of FTS, to PAETEC Software Corp, which was originally announced on December 10th, 2010. The acquisition includes the Leap RevChain billing system which PAETEC has been using to deliver its invoices to customers for over 12 years. PAETEC announced that the Leap RevChain product will be renamed, "RevChain" and will become part of the newly formed RevChain Solutions division of PAETEC Software Corp. "We are thrilled to have Shaul Ganel and his team launch RevChain Solutions today as a division of PAETEC Software," said Robert Moore, PAETEC executive vice president and CIO. "RevChain is one of the strongest telecom and B2B billing solutions available today. We plan on not only accelerating its innovation and development as part of PAETEC Software, but will maintain RevChain's well-deserved reputation for world-class customer service." "PAETEC will benefit from both a powerful billing platform and a great team," said Amos Sivan, FTS' CEO. "We are proud of the work we have done at FTS Inc., and we will now continue our focus on delivering innovative and flexible billing and policy control solutions." FTS will continue to offer solutions that will assist leading carriers to increase both revenues and customer satisfaction, as well as use their BSS as an enabler to drive the creation of new products and services. ### About PAETEC PAETEC (NASDAQ: PAET) is personalizing business communications for medium and large businesses, enterprise organizations and institutions across the United States. We offer a comprehensive suite of IP, voice, data, and Internet services, as well as enterprise communications management software, network security solutions, CPE, and managed services. For more information, visit www.paetec.comwww.pa About FTS FTS (LSE: FTS) is a leading provider of billing, customer care and policy control solutions for communications and content service providers. By analyzing events from a business standpoint rather than just billing them, FTS allows providers to better understand their customer base and leverage business value from every event and interaction. FTS deploys its full range of end-to-end, stand-alone and add-on solutions to customers in over 40 countries and implements solutions in wireless, wireline, cable, content and broadband markets including multiple cross-network installations. Serving the evolving needs of telecommunications providers, the company's operations comprise international R&D locations and strategically-locate For further information please contact: PAETEC Media Contact PAETEC Investor Contact FTS Media Contact Chris Muller Pete Connoy Moshe Peterfreund (585) 340-8218 (585) 340-2649 +972-9-952-6500 chris.muller@paetec. Joshua PR for FTS Seymour Pierce Limited Patrick Smith Mark Percy +44 7734 600 553 +44 (0)207 107 8000 patrick.smith@joshua This information is provided by RNS The company news service from the London Stock Exchange END DISTLBFTMBITBTM |
Posted at 15/12/2010 17:13 by markt I don't know what will happen to FTS...but 2 other Isreali companies involved in communications sector have not delivered ...worth being aware of I think I-point and Emblaze and Emblaze is now a tiny turnover company as result of sale of the part that was most of its turnover.....and had many years to deliver since region of 1999 and hasn't done so yet.....shares at around 50p and was much higher years ago....flotation price I can't recall but much higher.... I think that only got approx 10% of the assetts that it had...I assume that burned the rest....raised hundreds of millions if my memory is correct, cap. value now around 50M. Cash is in fact higher. (if you have invested based on the cash held then you would have lost a lot of money between 1999/2000 and now) (Emblaze has also recently sold off the main part of its business) and I-point sold off its prior/existing business since wasn't doing well and has issued new shares and bought another business..shares now 1p ! and FTS has sold of 42% of its turnover...the most profitable part...FTS USA 3 out of 3 Isreali companies all involved in the comms sector all selling all or big chunks of their turnover/sales .....interesting... and sadly all 3 of them have fallen in price over the past years.....not a good sign in my view (FTS by the way was clocking in T/O in the region of 30M$ in each of the years around 2006, 2007, 2008.....and much lower now...pro rata is 11M for 2011 if base on last company report and include sale of turnover of FTS USA.... ...going in the wrong direction.... (I for one won't be buying FTS shares unless I think that it is likely that it will grow turnover and profit......any cash held will go soon enough if the company makes losses....and at the moment it is reducing turnover...by 42% by selling FTS USA. The lack of announcement of contract wins is also clear to see and reduction of revenue for each region and from each of the 4 big customers. And if turnover is based on 4 big customers, risky shares. I hope FTS turnover etc does grow, I am not anti-FTS, but there is no visibility of it happening from where we are now imo). I think I give up FTS message board now.....and leave it to Tara7 to return to ramp it in peace ! |
Posted at 15/12/2010 15:44 by markt just looked at details for customer in South Africain Cape Town.....many streets in urban parts of the city....no wireless coverage !! I'm talking about Cape Town not some village out in the sticks ...if no coverage for where you live then you ain't gonna sign up and if you dont sign up then in the end less income to FTS (at end of the day FTS contract will get paid more if work involves more customers, and for 1 service it gives fair coverage and says 13 minutes to download 10MB of data !! 13 minutes !! ==== reported Customer in S.Africa is iBurst looks like small set up, relative to big players like Vodafone, T Mobile, Deutsche Telekom, telefonica Anyone know if any risk that small customers of FTS, like iBurst, may not continue to give revenue to FTS ? eg. if VFone or A.N.Other announce that they will invest X billions and roll out wireless data links to all residental streets with brick houses (not in shanty towns) ....then if VFone or A Big Company uses company X to supply its billing systems in say the UK or Germany....then would it mean the end of iburst and hence of a customer for FTS ? Noting that one section of sales went from 18M to 4M between 2008 and 2009. Overall sales from 30M to 19M. There are reasons for that massive drop. Anyone know the reasons ? ==== all fair enough for Africa and for small companies and very respectful work/contracts.....b who are the big players in the market that FTS operates ? anyone know ? has the FTS turnover dropped from 30M to 19M in 1 year because of competition from products from other company(s) ? I assume that the R & D investment by companies that supply to Ericsson, Telefonica, Siemens invest millions each year....since the contract values for billing systems for say 20million customers in the UK or 30M in Germany must be massive. (global turnover of Vodafone is in billions I think...so I assume it spends many millions on billing systems....) FTS has invested approx 3M/year in R & D in 2008 and 2009. (Investment in CRM, stopped and investment written off). With investment of 3M/year I believe that FTS can not make products that can win contracts from the likes for Vodafone for countries with many millions of customers.....since other companies must surely be investing tens of millions. Hence FTS is doing contracts in Africa, Indonesian Islands etc.....with relatively small user numbers compared with say Vodafone UK. to value FTS really need someone that is an expert in these details..and that knows the products of FTS and its competitors....and that can predict the future changes in this sector...difficult I think (the financial numbers from the past are only a part of the picture) ...and looking at the posts on ADVFN looks to me like no-one has the expertise in FTS and its competitors |
Posted at 15/12/2010 13:47 by markt Tara , you say profit reported in the interims. Not true.from the set of accounts that is on ADVFN, it says "Net loss for the six months to 30 June 2010 was $2.071m (2009: net loss of $0.076m). " from interim report. I said 5M$ loss.....that was for 2009 I think....if I said it was for 2010 interims, then my apologies. "Nett decrease in cash and cash equivalents" 2.936M$ . 3M$ Cash at end of June 5,341M$....but ....bank loans of 5-6M and required to have > 6M $ cash....so, strictly speaking, broken bank covenants. I am not an FTS director....but maybe they sold FTS USA because they desperately needed the cash.....if banks had called in the loans since broken the bank covenants (as reported in the accounts) then the co. would, I assume, have had no cash to pay wages. Segment profit loss Europe 387k$ loss. Asia 49k$ loss. Africa 371k$ loss. USA 1.369M$ profit BUT NOW SOLD FTS USA !! (HQ costs ?, listing costs?....etc ) Loss of remaining parts after sell FTS USA. = 387 + 79k +371 (all losses = 837k$ loss. in 6 months. 'If' loss is same in 2nd half then = 1.6M$ loss. BUT these calcs. are not reality....major re-structuring going on....and market segment is in tough situation as results show (one part of accounts went from 18M to 4M between 2008 and 2009 !!!, frightening stuff. overall T/O from approx. 30M to 19M. That is severe. They cut costs from 27M to 22M in last financial year. There are major problems...will it now bounce back or suffer from on-going imbalance of costs with sales....at end of 2011 we will know !) i-point other Isreali company....shares at 1p...also in comms software market...and sold off its normal business and taken on another 1 !! there are risks out there anyone who believes Tara7's claims of 100% dividend payout and inferences that there is no risk....is blind imo... looks to me like a typical situation.....if turnover goes up 50% in 2011 then the shares now are probably cheap, if it struggles in 2011 then share price could easily go down. Shares were 120p in 2005, now 30p. Not been a good investment. Share price track record, terrible/disaster. |
Posted at 14/12/2010 11:39 by markt Tara7....if you are so clever..... tell us what the numbers will be in the next annual report ! and the resulting report for 2011, noting that already now we know that FTS USA will not contribute to sales and profits, sold. I dont think anyone can predict the annual report numbers, except someone with inside information. (the past accounts do not detail all costs for each region....eg. labour costs) ==== "First, look back two years not one" ....why ? the sales and profit of 2 years ago are history.... ....the company has now sold its USA branch to get cash keep going ! 2 years ago the sales were over 30M dollars.....only 19M the year after. If you want to build your ramping on the sales of 30M from 2 years ago...then you are crazy. ...your tip on Northacre went up. And ?. Northacre do property development (or did). Nothing to do with FTS and software. ---- FTS next annual report. Possible turnover between 15M and 25M (10M for 6 months). For 2nd 6 months we do not know exact turnover. But for 2011 the sales will be minus 7.9-10M for FTS USA (the sales for 2010 have not been declared)....giving perhaps 10M turnover for the year.....and loss making. The FTS that is left is LOSS making. Software companies that are loss making with turnovers under 20M and that have cash.....and that are using up their cash to pay their losses......there are other ones out there....also unloved by the market. The only part that made a profit was the USA section, see the company report. The costs of directors and key mngmt is 2M. Almost no change with sale of FTS USA. HQ is in Israel. 1M rental costs. Previous sales in Nigeria, Bulgaria region (a region being hit hard by the 'crisis')......yawn. USA profits helped support the costs of offices in Africa, Bulgaria etc. But not in the future. The cash from the sale of FTS USA will have to support these costs. The 4 big customers. All reported sales are falling by big %s. ==== If FTS is so wonderful, you have a justification for selling the best part of the company ? that operates in the best market for FTS overall ? the only profitable part of FTS oh, and if FTS now has to open a new office in USA to try to sell its other products in the USA then that will be more costs....and all its best staff,...all the staff and managers and directors of FTS USA....and all their personal contacts and knowledge.....have all gone, included in the sale. ==== There are options for approx 5M shares froma few years ago (if I remember correctly...exercise above 1$........the share price is around 30p or 0.47 dollars. The company has screwed up. They expected the share price to be over 1$. And I think that they could not do a cash raising share issue since the >50% share holder would have gone crazy......wants to make money and not put more money into something doing badly...came to the AIM market to make money, to see share price go up...and have the chance to sell out if want noting that the FTS USA part goes back to 1998.....well the company that FTS bought... ===== If you are a happy shareholder...then just relax. No need to ramp the share so hard. |
Posted at 14/12/2010 10:43 by markt 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. |
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