Ferro-alloy Resources Share Discussion Threads

[olivepeel] 28/2/2006 22:02

in the hands of concert party anyway

[hotfinance14] 28/2/2006 18:37

It doesn't look like anybody expects great things from this company!!!

[munchkinpumpkin] 28/2/2006 18:07

I think FAR have simply not communicated and we are all a little sceptical. This compnay should be doing far better in the current climate. Also share price is about expectation and I for one dont expect great things from these guys 'till they happen

[hotfinance14] 28/2/2006 14:26

We have a trade...a 10k sell...was it worth it!!!!!

[hotfinance14] 28/2/2006 11:57

Reasonable results and not one trade today.We need a big contract with a well known name.

[hotfinance14] 28/2/2006 10:24

I am surprised there has been no change in the share price.It looks like positive cash generation and profits will only move this share.Looks like another 6 months wait.

[tenerife] 28/2/2006 10:15

things seem to going the right way. would be more confident of buying some more, if the directors put their hands in their own pockets!.

[hotfinance14] 28/2/2006 07:51

The company now need to become cash generative and over the next few years paying the £750k loan off.

Should see atick up today.

[hotfinance14] 28/2/2006 07:38

Results today..very close to profitablity!!!


Farsight PLC
28 February 2006

Farsight PLC



Interim Results

For the six months ended 30 November 2005



Introduction



I am pleased to present my report for the six month period ended 30th November
2005, a period in which the company continued to achieve sales growth through
increased sales of monitoring services using the e-surveillance software
platform. Construction sites are finding the Build Secure product increasingly
attractive and a number of major developers are using this service to protect
their property during the construction phase.



Our objective continues to be the restoration of profitability and the reported
figures indicate that we are close to achieving this.



Results and Dividends



Turnover on continuing activities increased by 37.04% over the comparative
period to £777,000 (2004 - £567,000).



The operating loss was £40,000 (2004 - loss of £188,000).



After recognising a profit on the disposal of the intellectual property rights
relating to the e surveillance technology, sold in June 2005 and after deducting
interest payable, the profit for the period was £1,000 (2004 - loss of
£189,000).



No dividend is recommended.



Trading Review



Sales revenue from remote video monitoring operations continues to increase with
annualised income from monitoring contracts now approaching £1,000,000.



Customers are able to benefit from substantial cost savings using remotely
monitored cctv when compared with the cost of manned guarding. This makes the
product extremely attractive in certain market sectors such as motor dealers and
construction. We are also trying to increase our market share within the
Facilities Management (FM) sector. The e surveillance product has been written
with FM companies in mind and it provides features and functionality which could
help reduce their costs significantly.



The management information available to us internally is helping drive down
costs and improves service quality which will help us achieve our profitability
targets.



Following the successful BS8418 accreditation last year we have now trained more
than 85% of our staff to the level necessary to achieve the Security Industry
Association license required to operate remote cctv services. We will complete
the training of all staff during March in accordance with the legislation laid
down. We have also registered for the SIA Partnership programme which will
further underpin our relationship with the 'industry watchdog'.



We anticipate that the increasing regulation in our industry will ensure
consolidation occurs within the security industry sector. Some new business has
already been achieved as a result.



Customers are increasingly using our web portal to help manage their security
operations and the management information available to them enables a closer tie
between us and assists us to continually improve our overall performance.



The sales pipeline is strong and our customer portfolio now includes a number of
corporate customers who are anxious to have an effective security solution which
is sustainable over the long term.



Conclusion



We continue to seek to increase the scale of operations via acquisition or
merger whilst growing our customer base organically.



The half year results are encouraging and demonstrate that we are now heading
towards profitability. We believe that the acquisition of monitoring contracts
announced in January will further strengthen the Company's position.



C R C Thomas

Chief Executive

28 February 2006

[wiganer] 20/2/2006 17:35

cuckoo more like

[olivepeel] 20/2/2006 17:34

sort of bloke who live in the canaries

[tenerife] 20/2/2006 14:37

it looks as though the person that bought several lots of 107074 @ .0092 and one @ .00924 is buying again. spends £985.

[seangwhite] 16/2/2006 23:28

Havent you worked it out yet?

[seangwhite] 31/1/2006 11:45

Yes and try and work out what new optical cable lines cost, not to mention redundancy and recruitment costs.

[hotfinance14] 26/1/2006 08:41

That is a distance of about 15 miles!!!!

[seangwhite] 26/1/2006 08:26

They have to move the operation from Sandy to Peterborough,think about cabling,staff relocation/redundancy etc. Do your own DD like I do and Farsight should surely have done.

[jotoha1] 25/1/2006 19:13

s..white...please get your facts right before you deramp...this contract will have a positive effect on future earnings!!!!

[tenerife] 25/1/2006 13:45

200k, buy or sell. tdw 0.9/1.0

[hotfinance14] 23/1/2006 09:33

Exactly....what relocation costs ?

[tenerife] 23/1/2006 09:02

what relocation costs?

[seangwhite] 22/1/2006 12:01

Heard that the last contract they bought may turn out to be a bummer when they have to pay the relocation costs which its seems might be far larger than the total income.