The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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One of only 2 shares currently qualifying for the Zulu screen, according to Stockopedia, and Zulu is very good. Profitable, has cash, good divi, cheap now, consistently rising revenues and AUM, investing in and supporting what really matters now. I don't know what's not to like.
Like the look of this company and it's vision as far as I can understand it so will be tuned in to hear and see more in a couple of weeks time as would like to no more before considering more options further.
https://www.sharesmagazine.co.uk/events/event/shares-investor-webinar-050923
Nice timing, looks like there is a bit of momentum building now.
I just discovered this share and looks very promising in the green sector
been stolen off us considering the 3 year term growth potential.
Having achieved a meteoric rise recently. Might be a tad idea for those in early last and this year can do no harm by locking in substantial profits. Sell half and run remainder for pure profit. Churn profits on any weakness.
Could this carry on rising rill £1.00?
July's competition is almost at a close. How near are you to winning the £250 prize? What do you mean "I'm not playing"?! Please join the prize game on August 1st for your next chance to be in the money.
http://www.investegate.co.uk/Article.aspx?id=201004070700117892J Interesting one!
Announces that it has won a new contract with AWD Chase de Vere, one of the UK's leading independent financial advisers. The contract is expected to be worth approximately £1.4 million over four years, and is for focus:360 wealth management, the Group's leading wealth management software solution. The contract, which starts in March 2010, comprises a four year term for the licensing, support and maintenance of the focus:360 software, based on a per user licence worth approximately £850,000. Focus Solutions will also provide professional services to support the configuration and implementation of focus:360
http://www.investegate.co.uk/Article.aspx?id=201001080700072234F Good start to the year
http://www.investegate.co.uk/Article.aspx?id=200912010700083448D As expected, down on last year due to timing issues with contracts, but still expect to meet yearly targets.
Announces that it has won a new contract with a major UK adviser network. The contract is expected to be worth approximately £2 million over five years, and is for the focus:360° multi-channel distribution platform, the Group's wealth management and mortgage sales software which will be configured to support the network's Investment, Pensions, Protection and Mortgage business.This contract comprises a five year term for the licensing, support and maintenance of the focus:360° software, based on a per user licence worth approximately £700,000. Focus Solutions will also provide professional services to support the configuration and implementation of focus:360°. The remainder of the contract value will be delivered through transactional based revenues. This contract is consistent with the Company's strategy to grow longer term, recurring licence and transactional revenues from an expanded customer base.
This leading provider of proven enterprise solutions to the financial services market, today gives an update prior to the Group's Interim Results for the half year ended 30 September 2009. The Board remains confident of achieving both revenue and profit expectations for the full year, although half year revenues will be down on the same period last year due to the timing of securing certain contracts. The Board also expects that it will report a profit for the half year, and net cash balances at 30 September 2009 were £2.5 million (at 30 September 2008: £2.2 million).Richard Stevenson, CEO of Focus Solutions, commented: "Since the beginning of the year, the Group has continued to transform its business model towards recurring licence and transaction based revenues. The Group's prospect list remains strong and we are now starting to see this pipeline convert, including contracts that have been delayed, as we progress into the second half of the year."The Group intends to announce its Interim Results on 1 December 2009
Just back from 3 days away, so can spend some time on this, since it's still fairly new to me! n case you didn't find it, the share buy back proposed is "up to 2,957,115 Ordinary Shares, representing approximately 10 per cent of the Company’s issued share capital", plus they will consider paying a dividend if they remain profitable at a level that makes paying a dividend reasonable. This is likely, since their income is primarily based on renewable licenses and in March profit before tax was up 27% to £1.78 million (fy2008: £1.40 million). They are expecting the bulk of a 1.7 million contract next year and have their 360 degree solution piloting elsewhere. They have since got the contract with Mastek. Something I've only just noticed that was presumably approved at the AGM on 6th Aug is the following: "That the authorised share capital of the Company be increased from £4,000,000 to £6,000,000 by the creation of 20,000,000 new Ordinary Shares at 10p each." I'll confess that I don't understand this (company buy-back, but in another breath they are increasing number of shares?)
the spread is actually a bit lower if you look at the buys and sells that have actually gone through. I had a buy order in for 38p today but this was obviously too low. There's a chance if the market continues to dip that this may also do so marginally as well. Not sure what effect the buy back will have and can't remember just now how much - might say on their website? I think it might have been one of several possibilities, unless I've got confused with EO., but the main plus point is their rise in revenue in !H 2010 and lack of debt, IMO.
Thanks for the feedback. Still watching at the moment. Put off a little by the spread. 35-40 ! Also there's only 29m shares in issue . . . . any idea how much they want to buy back ?
Yes, I think now is a good time to get in. I've tipped my toes in here but would like more and would buy now if I could. It's now been confirmed that they've cancelled the share premium account, which is what they need to do before they can do the share buy back. They are expecting an extremely good 1H 2010 and have no debt, so I think you are pretty safe here. IMO, of course.
I've had a tip about this company . . . In the course of my research I see the name GedW on this board and my interest is raised to a new level. Do you think now is a good time to get in ? There doesn't seem to be a lot going on, but I guess this is one you just tuck away and one day it'll spike to a ridiculous level. Am I right ?