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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Foresight Group Holdings Limited | FSG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -2.00 | -0.45% | 440.00 | 16:35:23 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 443.00 | 442.00 | 444.00 | 440.00 | 442.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 19/7/2023 13:41 by riverman77 Yes just shot up again now - perhaps a tip or maybe more investors switching from GHE. I guess there aren't many alternatives in the rapidly shrinking UK market. |
Posted at 08/6/2021 19:19 by wiganer “Further interim close for FEIP with Fund commitments of EUR716 million and a total capital pool of EUR886 millionForesight Group Holdings Limited ("Foresight"), a leading infrastructure and private equity manager, announces a further interim close for Foresight Energy Infrastructure Partners ("FEIP" or "the Fund"), a sustainability-led energy infrastructure fund investing predominantly in Europe, having secured total Fund commitments of c.EUR716 million. Including co-investments to date of EUR170m, this represents a total capital pool of cEUR886 million for Foresight's energy transition strategy. The close sees a total of c.EUR285 million of new commitments from investors since the interim close announced in January 2021. Investors include several leading UK and Swedish institutions.” Just wow. |
Posted at 27/11/2010 11:31 by cockneyrebel Times today:"Britain's software stars are glittering prizes for predators - Autonomy, despite quibbles over accounting standards, has a strong story to tell." Many software co's very undervalued at the moment - I don't think any account has been taken here regarding the cash position of FSG. Going forward they are going to be debt-free with apile of cash. In the past you could expect software co's like FSG trade on PE's way over 20 and that would be co's with a fair wadge of debt and no prospect of a divi - I'm not talking about the tech boom either. The market is currently focused on this years earnings because H1 hasn't yet been revealed but once the interims are out then investors will look at the forward earnings. It has to be said too that being an AIM software co if the investor is uninitiated with FSG and the recent changes from bespoke software to 360 off the shelf software then the scaleability probably hasn't been appreciated by many. That might mean that for a lot of the market it's a leap of faith to believe FSG earnings are going from 5.7p last year to 8.2p this year and 12.2p in the coming year. £2.4m net cash at the year end gone. With the recent contract win, depending how those payments come in, the cash position is probably set to go way higher in the next couple of years allowing for the development of even greater business and the payment of a divi imo. Anyway - we'll all hear more come the results on the 7th - hopefully you can call the FD's presentation off for the following week davidosh - as we all bank a big agreed cash bid and the co gets taken over on a fat premium :-) I still fancy Unisys as the bidder. CR |
Posted at 20/11/2010 10:41 by cockneyrebel I think charts are pointless on a stock that's in a bid situation imo. The other point here is the big leap in earnings from this year to next year. Many small private investors look at historic earnings as their PE which in my view is wrong, you need to value fwd rather than back. So some are working on the 5.7p eps of last year. Many investors look at the current year for their eps which is pretty reasonable and they are probably looking at the 8.2p eps for this year to base their valuation. But as Jim Slater points out in the Zulu Principle book, the time to look at a co is when the interims come out because that's the point a lot of investors start looking at the next years eps for their guide. With 12.2p eps forecast next year off of 8.2p this year I believe many investors uninitiated with FSG will see that as cheap for 50% earnings growth. Many investors don't realise that the 12.2p eps for next year is pretty much bolted on too with the recent £25m contract win. On that basis I expect FSG to rate up higher come the results on Dec 7th. One other thing. With £10m sales last year, they have since won that £25m contract which comes in over 5 years. To my mind if you justs averaged that out you're expecting to add £5m a year on average so the broker forecasts of £13.4m and £16.8m sales in the next two years looks very conservative imo. And as a co, if you'd just won a huge contract like that would you really guide brokers to an EPS forecast that was going to be tight to achieve? If I was FSG I'd guide to a number that was going to be a doddle to achieve over the next 18 months and give myself an easy life. On that basis I think the forecasts are very conservative which not only means upgrades if there was no bid but but means any bid would probably have to made higher than expected for the management to want to take it. All in all I don't see these this cheap come Dec 7 results myself. CR |
Posted at 17/11/2010 12:22 by simon gordon Tieto could certainly afford FSG: |
Posted at 16/11/2010 15:15 by felix99 agreed Davidosh . Not selling mine down here thats for sure. Every investor has their own agenda. If I had bought oodles at 40p I might be tempted to sell a few to have a free ride but even then i see little downside to 90p perhaps if no bid and perhaps 180-200 if it comes through |
Posted at 09/11/2010 22:42 by davidosh Just to show where the decision will lie with agreeing a price for the sale of the company. These are the major shareholders...Azini Capital Partners LLP 8,595,686 (28.90%) John Streets 8,000,000 (26.90%) Liontrust Investment Services 3,574,754 (12.01%). updated 10/11 Oryx International Growth Fund 1,440,000 (4.84%) J.O Hambro 1,150,000 ( 3.87%) updated 11/11 Octopus Investments Ltd 969,170 (3.26%) John Streets is the founder of Focus from back in 1995 and is a non exec director in FSG. John has a 20 year track record in IT sales and the financial services business working for Honeywell Information Systems, Wang Computers, Fame Computers and Intuitive Systems. In 2000 he led the floatation of the company on the AIM market, raising £10m to further fund the company's development of its technology and solutions. In 2006 John assisted the Board to recruit Richard Stevenson as Group Chief Executive, John then changed his role to Non-Executive Director. John is currently working with a number of start up software companies. As the float price was over £2 I sense that he would surely want to get more than that to feel the company has been a success for investors. Azini by total contrast bought most of their holding in the downturn and at the depths of the share price so any significant gain from here and with a clean cash exit will be a sensational return for them over three years. Azini are also represented on the board by Nick Habgood who is also a Non-Executive Director. Nick is Managing Partner of Azini Capital Partners LLP (www.azini.com) a private equity fund management firm specialising in the acquisition of shareholdings in private and public technology companies. That all suggests that within the board along with the key executives a deal can be agreed and the company more or less delivered via their majority ownership. This should not be a very long process if there is only one party bidding but I sense there may be quite a lot of interest due to the immense potential and superb client list. |
Posted at 24/10/2010 11:04 by simon gordon Corporate Presentation - June 2010:Target operating model ~Professional services 30% ~Licence revenue 40% ~Transaction revenue 15% ~Support and maintenance 15% |
Posted at 07/10/2010 00:20 by rambutan2 re the above shareholder list, Hambro and North Atlantic are one and the same thing (activist investor Chris Mills), and I'm sure that Bluehone sold out a while ago. |
Posted at 04/11/2009 08:58 by davidosh Indeed I did and pleased they are still in line as it had gone quiet. As I posted higher up the thread....It would be good to see them do a presentation to investors in London so I am already on the case with that one. Buybacks are a good alternative to a dividend but investors do not feel the benefit in the same way and of course when times are hard and interest from the banks is so low a decent and steady dividend return will be very attractive in a growth stock. The dividend will be well received at MUBL in a few weeks and it adds stability and confidence to an AIM stock as not many pay divis. |
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