Foresight Share Discussion Threads

[strollingmolby] 05/11/2009 08:54

Hoodless Brennan snippet:

Focus Solutions (FSG, 38.5p, £11.4m) the provider of enterprise solutions to the financial services market announced a good looking contract win with a major UK adviser network. The contract is expected to be worth approximately £2 million over five years so should have a small positive impact on next year's earnings estimates. The Group's wealth management and mortgage sales software which will be configured to support the network's Investment, Pensions, Protection and Mortgage business. We had been somewhat concerned about the group's exposure to financial services and the statement does indeed denote some caution over the first half result (to Sep 09) which should be profitable though likely below previous expectations, while guidance for the full year (£2.4m pre tax and 5.4p earnings) remains intact. The company is also nicely backed by cash to the tune of £2.5m at the 30th September. We earlier trimmed back the recommendation to HOLD when the company reached our 40p price target. However, we now up our target price to 48p, which would give a 9x P/E rating for this year and just under 8x 2010. The timing of revenues moving to the second half does give rise to some concern over the possibility of slippage in year's result, but we look further ahead and the momentum going into next year bodes well. BUY

[boadicea] 05/11/2009 08:07

Chairman buys 35k @ 38p.

[davidosh] 04/11/2009 10:58

IanDippie....Probably true but if they announce another contract or meet expectation then they are so lowly valued it could send them up 10p as we saw in March and June. The trend is upward here but we need the share price to hold above 35p.

[iandippie] 04/11/2009 10:56

In the meantime, until they deliver, we will be punished by the market makers. Market conditions, thin trading, poor broker coverage...I don't expect these to rise for a long time yet. Another holding I'm in for the long term it would seem....:-(

[davidosh] 04/11/2009 09:53

kruger2004....this bit is everything..

'The Board remains confident of achieving both revenue and profit expectations
for the full year'

Without that I would have been worried. Now they have to deliver in H2 but they must be confident as it is a bigger ask than last year.

[kruger2004] 04/11/2009 09:41

not sure that i share everyone's confidence here. Sales are down and they state they made a profit in the first half; that could £1k compared to £700k last year. Great to see the contract win but it's been a long time since the last one.

[davidosh] 04/11/2009 08:58

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.

[santangello] 04/11/2009 08:30

Cheers DD... and yes I'm in over at MUBL.

Just seemed odd (CPUB).

So I assume you enjoyed the double bubble here today?

[davidosh] 04/11/2009 08:24

Santangello....Very strange as you say at CPUB. Did you check on PlusMarket to see if recorded there as some trades go through on that platform. Are you in MUBL too as I remember seeing your name somewhere else ?

NB.

Just seen Steg spotted it. Great minds think alike....lol

[santangello] 04/11/2009 08:21

'03/11/2009 14:35:17 65.00 15,665 O 10,182.20'

from yesterday Stegrego.....

[stegrego] 04/11/2009 08:18

Did you check to see if any traded on PLUS?

[santangello] 04/11/2009 08:14

Nice double bubble today.....

All looks OK to me.......

I've added, but no trade showing?

(Off topic...but similar) No trades showed over at CPUB yesterday, but -6p on the day?

[davidosh] 04/11/2009 07:54

A trading update and contract win in the same day. Looks like revenues and profits will be very second half weighted again this year. At least they seem confident.

[littleweed] 15/10/2009 16:34

Sant,

D S are the house broker. How many shares can you find for which the house broker has a lower target price than the current share price. Its their job to drum up interest and if they arn't putting in the effort they get the boot.

Over the last six months I suspect I could have put the prunings into a randomly selected basket of samll caps and done better than stick with FSG. Just to stand still FSG need to win new business. To grow they need to win regular new business. They just arn't succeeding (or they are not telling us which we can discount.) For all the holders here I hope there is good news coming, anything negative and these will be hammered.

[santangello] 15/10/2009 08:06

Could I ask constructively why you would want to prune these?

Daniel Stewart don't seem to advocate pruning?

[littleweed] 14/10/2009 19:07

drw1 - 2 Oct'09 - 10:53 - 1996 of 2000


No-body like the new website then?


Sod the new website what about some new business?. Regretting not pruning these more agressively.

[santangello] 14/10/2009 18:52

11% spread?

Daily markdowns of the bid.......just how illiquid are these?

[welsheagle] 14/10/2009 18:46

Daniel Stewart reiterated their 'Buy' recommendation with a 63p price target yesterday.

[envirovision] 09/10/2009 11:00

wow look at it jump

[jeff h] 09/10/2009 10:57

Just bagged 20k...cash rich..maiden div on the horizon...low valuation...looks good.

[drw1] 02/10/2009 10:53

No-body like the new website then?

[ged5] 16/9/2009 17:59

Well that's a bit different! I thought this only went up on news then slowly back down again.

Just joining in the general market rally or is it being recognised as a quality company?

[whites123] 28/8/2009 15:45

When this does finally get picked up on by PI's, then it really could fly... There is no stock about and the company actually WANT to return money to shareholders... Via a divi...

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Bank of Ireland Life mass affluent channel live with focus:360°
Focus Solutions, the leading provider of multi-channel distribution solutions to the financial services industry, is pleased to announce that Bank of Ireland Life has successfully implemented focus:360° wealth management for its mass affluent advisers.



Bank of Ireland Life has rolled out focus:360° wealth management as its point of sale solution to the mass affluent. The solution, which is being utilised by its advisers across the bank's branch network from 24th August, includes branch based case management, personal and corporate factfinding, needs analysis and recommendations together with automated report and suitability letter generation.

The new solution has been integrated into a number of the bank's existing systems to ensure the seamless transfer of client data throughout the process and is envisaged to help Bank of Ireland Life advisers reduce administrative overheads and spend more time with clients.

Speaking on the project Dermot Murray of Bank of Ireland Life commented, "We are delighted with the focus:360° solution and how the Focus team have performed on the project. They have demonstrated great knowledge of the UK and Irish financial services markets as well as in-depth expertise of implementing wealth management solutions which has been invaluable in the project. We are very excited about how the solution will support our advisers now and in the future."

The next stage of Bank of Ireland Life's project is to enable straight through processing of applications and is due to go live later this year.