Foresight Share Discussion Threads

[interceptor2] 20/10/2010 14:24

Finncap forecast on 9 June 2010 were EPS 12.95p for 2012. When I first wrote up FSG at 49.5p in July these forecast indicated a per of only 3.8 for 2012. It looked to good to be true, so I held off buying to await proof that the forecasts could be made.

Well proof has certainly been delivered now in spades.

Even back in July FSG showed up as a good Zulu stock, which was how I came across them. Just shows how these Zulu checks can work. imo.

Regards.........

[cockneyrebel] 20/10/2010 12:09

Those forecasts for 2012 had only just been raised from about 7p a couple of weeks ago I think you'll find interceptor - REFs shows they have been hiked 48%. The fact they tweaked this year up a bit more was a bonus (raised 42%).

Level II firming now - suspect a seller that's been about has moved it off today but got to have sellers to fill buys in an illiquid stock like this imo or you never get the stock.

Anyway, on a fwd PE of 7.5 here for a zulu - don't get much cheaper than that for zulus and if they do beat next year as you and I suspect they still look bonkers cheap to me.

All my opinion and I hold too so I'm just as biased :-)

CR

[interceptor2] 20/10/2010 10:53

ditto - cr. re - year end rally, I have been bullish since June and think todays pullback with FSG is a good opportunity.

I have to try and reign in my enthusiasm for FSG, but it's not easy. I note some posters have mentioned that FSG could be a multi bagger some times over, and I agree. I dont normally like to speculate about 2, 5, 10 baggers etc, but these do stand out as one of those rare opportunities the market throws up occasionally.

I noticed Finncap increased 2011 forecasts last week but left 2012 the same with EPS at 12.2p with a 123p price target. With such a large transformational recent contract win and further wins likely I appreciate it isn't easy to forecast 2012 realistically. But I expect current forecast will be beaten comfortably, with 2012 forecasts even more so.

Very excited by FSG, but I do hold here, so may be a tad biased.

dyor etc.

Regards........

[nurdin] 20/10/2010 10:39

Can feel a bounce coming :o)

[cockneyrebel] 20/10/2010 10:28

I think you'll be rather pleased with that before too long envirovision.

I'd have thought Osbourne's statement is all in the price of the markets already - not like it hasn't been well flagged is it?

A few whoosey traders scalping out I suspect, having forgotten what a fall was but I think this market is a great buying opportunity ahed of a year end rally imo.

CR

[envirovision] 19/10/2010 18:08

just found out got just further 7500 so 12500 today, not bad considering.

[cockneyrebel] 19/10/2010 12:49

ok - nice one

CR

[envirovision] 19/10/2010 12:46

CR it was with TD waterhouse and rejected. So then I put a 15K limit order in with HSBC at 90.5p, whilst buying 5K outright at 90p.

Looking at my 5K trade it was followed by three more 5Ks at 90p. Maybe HSBC did the business for me? But I wont know for sure yet.

[simon gordon] 19/10/2010 12:44

260p for a proper breakout :-)

[nurdin] 19/10/2010 12:41

This second wave has legs...100p not far imo...:o)

[cockneyrebel] 19/10/2010 12:37

better have a high limit envirovision :-)

CR

[envirovision] 19/10/2010 12:00

Just put a limit order in for 14K

[jakleeds] 19/10/2010 08:50

It will. The Retail Distribution Review in the banking sector is absolutely huge, and it's hardly started yet.

[dasv] 18/10/2010 20:21

Anything I bought with a PEG of 0.1 in July/August 2009 multi-bagged 3 -8 times. Let's hope FSG does the same ;)

[saucepan] 18/10/2010 18:06

Thanks guys, for the welcome

[interceptor2] 18/10/2010 17:57

Hi Saucepan - Good to see you here......

[cockneyrebel] 18/10/2010 17:45

Hi Saucepan. Well done, I added on Friday. Results are Dec 7th so I expect these to get more in demand as that date approaches.

8.2p eps this year, 12p+ eps next year, that's 50% earnings growth compound going forward. That's a PEG of 0.15. When you consider Jim Slater reckons a PEG of 0.75 is a buy you can see how cheap that are on the zulu metric.

The forecasts look nailed based on exiting contracts too imo - any further signifant contracts this years and these look hideously cheap imo.

Anyway, just my opinion but I think these are a bargain here - time will tell.

CR

[saucepan] 18/10/2010 16:31

Just to say Hi. I was one of the first time buyers today. I look forward to further discussion on the thread. Thanks IC2 and CR for alighting my initial interest.

[nicedude1976] 18/10/2010 16:30

i agree about the bowl-like formation, although this is a long term thing. I surely wouldn't buy anything now with a view of making quick and likely profits.

[owenski] 18/10/2010 09:14

Took a few more this morning

[cockneyrebel] 18/10/2010 08:45

Buyers in heere today while there's stock about - when it's gone it's gone :-)

CR

[cockneyrebel] 16/10/2010 18:33

More importantly there's a huge bowl formed ino Simon.

The best chart you can find imo.

CR

[simon gordon] 16/10/2010 18:15

Chart is smoothed out quarterly both on price and volume:




Historically it's in a little pocket of support and resistance that dates back to 2001.

[cockneyrebel] 15/10/2010 17:27

Agree.

Look not where the share has been but where it's going imo.

CR