Foresight Share Discussion Threads

[welsheagle] 26/2/2008 07:13

RNS Number:7095O
Focus Solutions Group PLC
26 February 2008

Embargoed until 0700 26th February 2008

Focus Solutions Group plc (AIM:FSG)
A leading provider of proven enterprise solutions to the financial services
market.
("Focus" or the "Group")

Contract Win

HSBC has chosen Focus Solutions for the design and build of the multi-million
pound Phase Two programme to support HSBC's wealth management strategy. Focus is
therefore pleased to announce the signing of a £765,000 contract to instigate
this work with HSBC.

Focus is already developing Phase One of this comprehensive system to support
HSBC's distribution channels for life, pensions and investment products. Focus
is also working collaboratively with HSBC on the design and planning of offline
working and a commercial financial planning tool for advised sales and
distribution support. Phase Two covers HSBC's IFA sales process.

Helen Roberts, Business Programme Manager, HSBC, commented:
"We have developed a very good relationship with Focus, based upon the ongoing
work to deliver Phase One and the scoping project for Phase Two of the solution.
Focus was the obvious choice for this substantial project and we intend to build
on the knowledge and expertise that has been acquired during Phase One. Focus
has continued to demonstrate a domain knowledge that makes us confident they
will provide an effective solution for our financial planning managers in 2008."

Richard Stevenson, Chief Executive, Focus Solutions, added:
"I am delighted that we have continued to grow our relationship with HSBC. This
contract provides further validation that our software is capable of supporting
the largest and most demanding global customers and that we are able to help
organisations realise significant business benefits. We believe that current
economic conditions are leading to large financial institutions placing an even
greater value on regulatory and compliance driven projects and we believe Focus
is well placed to take advantage of this demand."

[drw1] 26/2/2008 07:10

Stock screamer today me thinks!

[stockscreeners] 23/2/2008 01:52

down again she goes.

[stockscreeners] 21/2/2008 01:45

chart says its got 12p written all over it.

[dumbarton2] 20/2/2008 10:13

Next leg down soon.

[littleweed] 20/2/2008 09:13

" I look forward to announcing our first sale of focus:360° in the coming months."

ditto the shareholders

[applesanpears] 20/2/2008 09:09

stockscreemers i notice you're still not shorting meldex anymore.After seeing you shorting at 40 and now mdx stands at 70, its a shame you lost so much money.I suppose you could always get your money back by getting in fsg.
ps i don't see fsg falling like a stone, do you!

[welsheagle] 20/2/2008 06:54

Would then be a growing company on a PE of 2-3 ?

[stockscreeners] 20/2/2008 01:04

could half from here.

[dumbarton2] 15/2/2008 10:25

JUst short it.

[welsheagle] 14/2/2008 21:16

or it will bounce when the news is nowhere near as bad as expected.

[stockscreeners] 14/2/2008 15:32

its in the wrong sector and will fall on the back of banking woes.

more bad news to hit the headlines from one bank very soon.

[kalmar] 12/2/2008 22:46

this is painful ;-)

K

[cockneyrebel] 12/2/2008 21:17

Don't we know it :-)

CR

[welsheagle] 12/2/2008 21:16

From February's 'Company Refs', when price was 29p:-
a/ Prospective PE ratio of 5.25 (based on two broker forecasts, one recommending 'buy', and one with no recommendation).
b/ Forecast growth in eps of 7.33%.
c/ Positive cash flow per share of 10.2p per share.
d/ Net cash per share of 10.3p.
e/ Prospective dividend of 4.27%.

[welsheagle] 12/2/2008 21:15

From February's 'Company Refs', when price was 29p:-
a/ Prospective PE ratio of 5.25 (based on two broker forecasts, one recommending 'buy', and one with no recommendation).
b/ Forecast growth in eps of 7.33%.
c/ Positive cash flow per share of 10.2p per share.
d/ Net cash per share of 10.3p.
e/ Prospective dividend of 4.27%.

[cockneyrebel] 10/2/2008 19:50

Thanks Ged.

CR

[ged5] 10/2/2008 19:48

From the website on Friday

"Focus Solutions Group, a leading provider of proven enterprise solutions for the financial services market, is launching its revolutionary whole office solution for financial services distributors – focus:360˚.

focus:360˚ - 'whole office' solution offers organisations an integrated, end to end solution that supports the financial advice process through a single technology platform. A suite of modular, configurable components that provides a complete consistent technology platform for financial services distributors, combining front office solutions with sales process and support tools and back office capability through a single solution – a first for the industry! ....

...Leading industry player commented: "focus:360° is unique in the market place in providing a fully integrated solution through a single technology platform. We are very interested in the breadth of functionality in the solution, the width of integration with third parties and the cost benefits a packaged solution can provide."

Dave Upton, Financial Services Product Director, Focus Solutions Group plc, added: "Focus has developed the most advanced sales and sales support solution in the market, covering the key processes of point of sale and extranet technology, through to sales support and back office functionality. focus:360° - whole office solution is pushing the boundaries of sales process automation solutions and is already receiving positive interest within the distributor community. In such a competitive market, differentiation is key to financial services institutions. We believe that focus:360° offers organisations a fully integrated single technology platform that enables the acquisition and servicing of new customers in the most effective and efficient way. I look forward to announcing our first sale of focus:360° in the coming months."

[littleweed] 07/2/2008 14:27

News management or no news?. They have been quick off the mark in the past.

[cockneyrebel] 05/2/2008 21:30

News management I think Ged. Pretty pointless posting a nice positive RNS when the market is tanking imo - Better to save it for better times.

CR

[ged5] 05/2/2008 20:52

"We want to increase new business wins and continue to be recognised as the leading provider of front office solutions to the UK financial services markets....
...One of our key objectives over the next two to three years is to increase the proportion of our turnover that is represented by annually recurring revenues...
...A central plank of this strategy is to consider potential acquisitions which will strengthen our product and market coverage in the front office market."

"Focus has a number of new propositions to take to market over the coming months and these appointments form a vital part of our strategy to strengthen our position within the UK financial services market."

All the above are from Richard Stevenson and can be found on the website.

Well we've heard the words now let's have some action. If we're not to believe the growing opinions that the cyclical downturn is upon us and about to affect new business then we need to have some evidence that FSG is more than capable of winning new orders and/or fulfilling it's strategy by making further acquisitions.