Foresight Share Discussion Threads

[bigbigdave] 09/11/2010 20:10

Shame in a way, was looking forward to a true zulu performance over a number of years up to say 3/4 quid........


....best not grumble too much (missus tells me I'm good at it)

[interceptor2] 09/11/2010 19:58

Well FSG was already my most exciting holding which I had brought into on two occasions, with another purchase planned at 120p. I was really surprised and delighted to be able to buy in again today at 130p, I really didn't imagine that I would have had that opportunity.

Regards.....

[nurdin] 09/11/2010 19:52

The point that CR is making is a valid one..in that the price hardly carries any premium for the bid...it merely reflects the intrinsic value....gotta be 30-40% above here imo..:o)

[interceptor2] 09/11/2010 19:29

Emvirovosion made a very good point on post 224/249, by highlighting the following statement.

"The Board says: We are being jointly advised by Cavendish Corporate Finance LLP and Capital Strategy Corporate Finance Limited, will make a further announcement when appropriate."

And making the point that the BOD must be taking this approach very seriously, and I suspect anticipating other interested parties could become involved. Due to the high calibre of advisors being employed.

Regards..........

[cockneyrebel] 09/11/2010 18:23

I think the point is if there was no bid to come through, what would these fall back to? I'd say 120p to buy.

Then you have to ask yourself, if these were 120p would you be a buyer - I'd say yes because I would - a fwd PE under 10 on forecasts that were likely to be upgraded.

So what's the downside here? 20p max I reckon, what with the results a month away too.

And what's the upside? I'd say 40p minimum, posibly a substantial lot more.

CR

[cfro] 09/11/2010 18:09

Think we will see this marked up much more tomorrow morning, personally. I agree that if this does get taken out it will be substantially more than current price. Obviously whoever is mulling this over they are pretty serious about it.

This must incite a bidding war now.

[cockneyrebel] 09/11/2010 17:48

Nice - I'm not holding 150K - that's a right result :-)

CR

[mikeja] 09/11/2010 16:07

I agree the profit forecasts look far too low.

[mikeja] 09/11/2010 16:06

Started buying them at about 50p but accelerated after contract win,see my very early posts on thread.Now up to 160k,looking for a bid of 180+ perhaps with more than one or two suitors.

[cockneyrebel] 09/11/2010 15:54

mikeja - yep, big holding for me here - been buying them up from the big recent contract win - as big a position as I dare hold really but being a zulu stock I feel rather comfortable with it - so I'm having a rather nice day.



First of a number of bits of media coverage imo - Shares, IC and the FT should all cover it this week too as they've all mentioned FSG and the big contract win recently - imo.

(PS - leave the size of my holding and my big head out of this :-))

CR

[nurdin] 09/11/2010 15:44

mikeja....dont give him that..he gets big headed :o)

[dealit] 09/11/2010 15:39

Hold tight to these IMHO, MM`s have being playing games with these shares for ages. The price is to cheap hopefully the directors realise what a great product they have with such World wide scope.

[mikeja] 09/11/2010 15:35

Not surprised to see u here CR,a man of taste and discernment.
Do you have a big holding-not a personal question you understand.

[carver66] 09/11/2010 15:24

Just topped up with another 5000 shares at 134.25 which moved the bid. Good luck all.

[cockneyrebel] 09/11/2010 15:04

sorry but I'm not falling for that carp - mm's shook it once earlier, there's no way they are marking down when they've been prepared to pay a big premium for stock online here today imo.

Reckon they have more buys to fill.

CR

[cockneyrebel] 09/11/2010 15:01

I think these will have a second wind tomorrow after those new to the stock run the slide rule over it and a bit of press coverage gets the juices flowing.

FT perhaps or Foster in the Mail tomorow imo.

CR

[simon gordon] 09/11/2010 14:18

Enviro,

Very good point.

[envirovision] 09/11/2010 14:12

Two things strike me about the significance of todays RNS.

The Board says: We are being jointly advised by Cavendish Corporate Finance LLP and Capital Strategy Corporate Finance Limited, will make a further announcement when appropriate.

Firstly the bidder would be well financed and of extremely serious means for FSG to enter into discussions.

Secondly FSG are taking this offer extremely serious - meaning its a good offer which they want to extract maximum return from. Why?

They have hired two first class advisers, unprecedented, which probably reflects the standing and means of the suitor, it may also indicate they could be expecting further approaches by other parties:

and

[dasv] 09/11/2010 13:54

Cupra - yeah maybe - I don't know if previous highs will be resistance. It will be very interesting to see what price FSG's management are looking for.

[cupra kid] 09/11/2010 13:52

About £2 then lomax lol

[cupra kid] 09/11/2010 13:19

dasv - Re: Post 210

Your chart looks like a big cup is forming which if proven will see the highs tested before the handle is then formed and then new highs. Would be nice hey!

[owenski] 09/11/2010 13:13

The growth driver here is Focus 360 platform, its also at the start of what looks like an impressive growth hike, so I reckon its gonna be Mastek in the wings,
Would have thought more than 200 imo