Foresight Share Discussion Threads

[stockscreeners] 10/12/2007 03:57

watch out for a bad day tomorrow.

[edmundshaw] 09/12/2007 17:37

Yup; and if they have eyes on acquisitions and expansion into back office software they may need the cash.

Though they are perhaps more of a potential target than an acquirer.

[cockneyrebel] 09/12/2007 16:43

need to find somewhere to buy them back from - pretty illiquid as it is.

CR

[redface] 09/12/2007 16:37

Looks like they're generating plenty of cash with £2m.I'd like to see the company using some in sharebuybacks.I'm sure it would do wonders for shareprice and eps.Also,director options at 89p would be easier for next year.

[stockscreeners] 08/12/2007 03:53

yhep theyl put it back, the financial sector always does.

overdone and in the price?, your pulling my leg.

fundies go out of the window in up and coming bear markets.

and thats a promise.

[drw1] 08/12/2007 03:49

Already in the price and somewhat overdone.
Regulation and compliance issues really going to diminish in Financial Services?
Will companies be able to avoid continuing to invest?

[stockscreeners] 08/12/2007 03:32

oh dear just found this down grade on FSG which came out friday...

Focus Solutions downgraded to "outperform"

Friday, December 07, 2007
Seymour Pierce

LONDON, December 7 (newratings.com) - Analyst Derek J Brown of Seymour Pierce downgrades Focus Solutions Group Plc (ticker: fSG) from "buy" to "outperform."

In a research note published this morning, the analyst mentions that the downgrade in the rating reflects the company's high exposure to financial services. Focus Solutions has reported its 1H revenues at £4 million and PBT at £0.4 million, while posting increased operating expense efficiencies for the period, the analyst says. ENDS

hope the bulls have seen the comment in bold. pretty much what i was thinking and it seems strange that no one on the bull thread reported the reason for the downgrade.

Oh well thats how it goes sometimes, but cant help thinking that after digesting the news over the weekend quite a few will be selling monday morning imho.

[stockscreeners] 08/12/2007 03:01

not much proping this one up either.

net assets of just £2.15 million but market cap of £12.5 million.

looks overvalued to me.

[cockneyrebel] 07/12/2007 23:38

yep, FSG have got on and delivered - just the anal-lists that have changed sentiment like the wind.

Small caps out of favour here but in the US they are starting to be bought up - we will follow soon after imo.

CR

[ged5] 07/12/2007 18:49

"New business enquiries at present are higher than the corresponding period last year and we remain confident in meeting expectations for the year as a whole....

...The financial services industry is still heavily regulated and organisations require intelligent technology solutions that can adapt to changing business or environmental issues. Focus' e-trading solutions and unrivalled reputation for delivering high quality, successful implementations has put the Company in a strong position to support this, particularly in reference to the mortgage market where industry wide standards are becoming a reality. One of our key objectives is to increase the proportion of turnover that is represented by annually recurring revenues...

...Demand in our main markets of Banking and Life and Pensions remains robust. The current conditions in the mortgage market have had a limited impact on trading in the year to date. Customers are still actively investing in new front office technology solutions to meet competitive pressures and required regulatory changes. New business enquiries at present are higher than the corresponding period last year and we remain confident of meeting expectations for the year as a whole.

The Group will continue to develop new business within the financial services
market, increasing our market coverage in the UK and Ireland and extending the
depth of our solution capabilities within this market. Our focus for the year is to concentrate on improving profitability within the Group and we feel that we are in a good position moving forward. We have a strong pipeline in place and the right people, skills and technology to enable Focus to continue its growth."

Perhaps Derek J Brown didn't read the results or at least the bits I've quoted above. The management don't seem to think there's going to be any problems moving forward. Be interesting to see what happens in the next 6-12 months!

[cockneyrebel] 07/12/2007 18:11

Yep, think they are putting too much weight on that tho - I think the financial market will need the software even more to make up for trimmed margins elsewhere.

CR

[stockscreeners] 07/12/2007 16:54

Any fall through 42p and we could have 30p on our hands.

wouldnt want to be buying tech stocks associated with financial companys at this point in time. the credit crunch could have a major impact on sales.

[bugs22] 07/12/2007 16:33

Good company, good results but anyone selling a product etc to the financial market will be looked at suspiciously at the moment.

[stockscreeners] 07/12/2007 16:20

I think so and have opened a new short position today.

The stock sits on a medium term support line and any break through this could see a sharp fall in the stocks share price

Not so sure that fundies will hold up going forward either.

Comments from both bears and bulls appreciated.

[iandippie] 07/12/2007 16:04

Great reaction to results that met expectations, eh ! Thanks for nothing share price

FSG are confident of meeting expectations in a difficult market. What would they have had to do to retain the "Buy" recommendation from some jumped up, wet behind the ears, champagne guzzling toe rag at SP?

Oh well, at least I don't need to sell them. I agree with Rivaldo though, it will take a raft of new contract wins plus full year results, and throw in an upturn in investor confidence, for these to motor back up to where they should be. Mind you, that can be said for just about any small cap/AIM stock at the moment!

Bah humbug.

[cockneyrebel] 07/12/2007 11:42

Cheers.

SP are crazy imo. The PE is 9 falling to 8. They are confident of meeting forecasts.

Seems to me S.Pierce are listening to the news too much and believe we are in for a recession - more a slight slow down imo.

These are cheap in my book.

CR

[tole] 07/12/2007 10:40

Edison update

[rivaldo] 07/12/2007 09:56

FYI:



"Seymour Pierce...downgrades Focus Solutions to outperform from buy"

I've kept tabs on FSG for ages and never dipped in, but the timing is crucial here given the dependence on H2 results. My own take is to stay away until those results - in the current market any slippage in H2 will be punished. I'm more risk-averse at present, so am willing to accept that FSG might as they have before produce a flurry of contract RNS's and all will be well. But if the poor financial/banking climate persists, spending drops and FSG's H2 dependence is highlighted it could be a while before the price recovers.

These results were a good progression, and the cash is nice, but maybe not enough for a rerating yet a-while imo before the H2 position is clarified in a trading statement. JMO, and over and out!

[greengiant] 07/12/2007 09:46

LOL! Everyone of mine has dropped on results day so this is doing well!

Value will out

gg

[robbiepaul] 07/12/2007 09:45

Ian,

Some people buy so many weeks before results,to sell on Results day when there are buyers.Always add this into your calculations.

RP.

[iandippie] 07/12/2007 09:40

ffs. it would be nice to see a share i hold actually go up after results!

[iandippie] 07/12/2007 08:56

LOL! Yep, and the spread will widen to 6p too. After all, someone's got to keep the champagne flowing for those hard up city folk.

[ged5] 07/12/2007 08:43

Strong growth, extremely bullish outlook, maiden first half profits, enough cash, good personnel. Everything looks rosy.

Probably finish down by the end of the day then.