Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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[PSQ] A transformation has taken place recently, this will be subsequently built on. Current share price has no future potential good prospects built into it. For those who like risk and unknown, this could be the beginning of a bright investment. http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=10659048
Posts: 12,284
Posts: 12,284
[PSQ] Lock in some 40% profits into momentum. Churn profits on weakness. What is for sure this stock has aroused some attention. Corporate news is just around the corner, as early as the first 1/4 of 2011.
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[PSQ] Beginning to gain the attention of the pundits. The roll call of loyal clients increases and will impress the sceptical "city" clients include Barclays, HSBC, Deutsche, RBS, British Energy and Vodafone to name but a few. Miss this one at your loss. A tripple bagger medium term is my humble opinion.
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[PSQ] Missed opportunities ! in revenue growth but potential remains stronger than ever over a longer period timescale. In my opinion taking a position at current share price is not such a bad idea with an improving list of blue chip clients on its books.
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[PSQ] Parseq Software's mobile banking platform, Mobinetic, is now live for two clients with two further orders signed. Although the total number of users on the Mobinetic platform is currently small, the take up from the existing user base is in excess of 20% with very positive user feedback. A number of initiatives are currently under way to further grow mobile banking revenues and we are pleased to report a number of new EMEA wide partnership agreements with First Data and two global software providers. Other agreements are currently in negotiation and further announcements will be made in due course. Outlook With revenues in the year ended December 2010 of approximately £17m and operating margins over 20%, Parseq is beginning to achieve significant scale through its continued strategy to grow both organically and by acquisition, providing outsourced turnkey solutions underpinned by technology to our clients. The company still expects solid double digit organic growth in 2011 in terms of revenues and earnings, yet additional investments in sales and IT, continued delays in clients' decision making cycle as well as a changing mix in products and services provided are impacting operating margins. Consequently whilst they believe revenues will remain broadly in-line with expectations, they are taking a more cautious view on the company's earnings performance this year with profit anticipated to be behind current market expectations. The underlying Parseq business model provides an engine for growth with the use and deployment of technology being a key differentiator. Prospects, both current and long term, are encouraging in light of Parseq's blue chip client base and profitability with a high level of recurring revenues set to underpin the company's future. Although market conditions remained difficult in 2010 with continued uncertainty and lengthening sales cycles, there has been progress in terms of both new and joint contract wins with propositions now spanning Parseq Software & Services. New clients signed in 2010 include the Bank of America, and ThinkBank. Joint clients now include Marsh, SAV and Vanquis Bank. The acquisition and subsequent integration of Avance, having taken the company into another sector, is effectively complete and running slightly ahead of expectations. In my opinion taking a position for longer term growth.
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[PSQ] This leading provider of technology led turnkey outsourcing solutions and mobile and online banking software, is pleased to announce that it has signed a new multi-million pound outsourcing contract with the Lloyds Banking Group ("Lloyds"), the largest retail bank in the UK. The agreement covers a three year period and extends Parseq's relationship with Lloyds significantly; bringing HBOS as a new customer and further securing long-term revenue visibility. The Group will now provide its outsourcing solution to HBOS and Lloyds TSB, including BACS payment debit and credit processing services and call centre support to corporate, commercial and retail customers. These services will be provided from a newly developed, highly secure processing platform which maximises the use of advanced Optical Character Recognition software. The contract win demonstrates the effectiveness of Parseq's strategy to combine the deployment of its bespoke technology and high service standards to create a market-leading turnkey business outsourcing solution. Rami Cassis, Chief Executive of Parseq, commented, "We are delighted that we have been able to extend our relationship with Lloyds and secure HBOS as a customer. We believe that our outsourcing services together with our technology create a compelling proposition and this contract, which will see Parseq handle transactions worth billions of pounds per annum over the next three years, reflects the strength of our offering."
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[PSQ] This specialist in mobile and online banking software and technology-led outsourcing services, is pleased to announce that it has been awarded a three year, multi-million pound contract to build, host and manage a mobile wallet service for a major new entrant to the UK retail financial services market. This contract remains subject to strict confidentiality constraints but the customer is expected to make a public announcement shortly and once this has been done, a more detailed announcement will be released.
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[PSQ] Provides further details today on the major mobile banking contract win announced yesterday, 19 May 2011. The three-year contract has been secured with O2 to build, host and manage its new mobile wallet service. O2 is launching the O2 Mobile Wallet in the second half of 2011 to provide customers with a range of financial services. The mobile wallet will enable customers to use their handsets not only to manage money and accounts but also for contactless payments, mobile shopping, mobile phone top-up and exchanging money with friends. This represents a revolution in the way that consumers can manage and spend money on the move.Parseq's mobile and online banking software business, Intelligent Environments, has been selected following a competitive tender process to develop and manage the wallet application across a wide range of handsets. The Group has already established extensive mobile financial app experience and this contract recognises its ability to provide a complete mobile banking app service, including software, hosting and support, via a highly secure platform. James le Brocq, Managing Director of O2 Money, said, "We required an application provider that could work closely with us to develop a new and exciting channel to market for O2 Money. We want to give our customers a platform to manage money in an easy yet secure mobile environment, working across a wide range of handsets. Intelligent Environments will work with us to deliver an app to meet these needs and also create future opportunities for our customers to use their phone as a payments device." Rami Cassis, Parseq's CEO, said, "Our mobile and online banking software business is well positioned to capitalise on the growing appetite for mobile financial apps. This contract is testament to the strength of our mobile proposition and we are delighted to support O2 in its strategy to bring innovative mobile financial services to the UK market."
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[PSQ] http://news.o2.co.uk/Press-Releases/O2-Names-Financial-Services-Partners-307.aspx
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[PSQ] Announces today that it is launching a new hosting and managed services proposition to commercialise its data centre facility. As well as migrating its existing clients to the facility, the Group has signed a partnership agreement with a data centre specialist in order to drive new customer sales and we are delighted to announce that we have already secured our first new clients.The Tier 3 data centre, which currently comprises over 10,000 square feet and can accommodate up to 320 racks, is located on a six acre freehold site at the Group's offices in Hellaby, Rotherham. The commercialisation of the data centre creates a new revenue stream for Parseq and further strengthens its recurring revenues. The Group expects to see the benefits from the launch coming through by the end of Q3 of this year, with the migration of existing clients also delivering cost synergies from 2012 onwards. The new hosting proposition reinforces Parseq's market position as a provider of secure, PCI compliant solutions within a managed services environment and in particular helps to further differentiate our mobile banking offering. The combination of our products and services with our own hosting capability represents an attractive solution for both new and existing customers as companies increasingly seek a full managed service provision, as demonstrated by the new customer wins. Rami Cassis, Chief Executive Officer of Parseq, said,"Our state-of-the-art data centre represents a valuable asset for the Group following the completion of the upgrade programme and partnership agreement. This is an important milestone which will provide significant further revenue and earnings before interest and tax ("EBIT") growth."
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[PSQ] Announces today a trading update for the six month period ended 30 June 2011 and outlook for the full year.Total revenues for the half year on a proforma basis are expected to increase by 56%, compared to the corresponding period last year, to £12 million. The revenue growth has been achieved by the contribution from the customer management business acquired in August 2010 and by a 44% increase in revenues from the Intelligent Environments mobile and online banking software business. Group profits for the six month period are expected to double from the £0.5 million achieved in H1 2010. The board now anticipates that Group profits for the full year ending 31 December 2011 will be below both market expectations and 2010 due to the ongoing softness in the back office outsourcing activities within its Services business. However, the Software business is expected to continue trading in line with or slightly ahead of expectations, particularly in light of the strong pipeline of new business, the quality of the global partners and the explosive growth in the mobile banking market. The board is disappointed with the performance of the Service business and is taking the necessary steps to improve its long-term financial performance. Nevertheless, the division will still make a full year profit and generate funds in the year that can be invested in the mobile banking business to continue to take advantage of the tremendous global opportunity in this growth market.
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[PSQ] Parseq plc has noted the recent rise in its share price and can confirm that it has received an approach from a potential offeror led by Rami Cassis, the Company's Chief Executive, regarding a Possible Offer for the Company. These discussions are at an early stage and there can be no certainty that an offer will be forthcoming. The Company, which is being advised by Canaccord Genuity Limited, will make a further announcement when appropriate. Number of Relevant Securities in Issue: In accordance with Rule 2.10 of the City Code on Takeovers and Mergers (the 'Code'), the Company's issued share capital consists of 437,307,377 ordinary shares with a nominal value of 1 pence each ('Ordinary Shares'), each share having equal voting rights.
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[PSQ] Specialises in mobile and online banking software and technology-led outsourcing services, is pleased to announce that its mobile and online banking software subsidiary, Intelligent Environments ("IE"), has signed an agreement with TSYS, one of the world's largest payment processors, to provide TSYS' European customers' with a mobile application enabling cardholders to access their account through their smartphones. The mobile application is being offered to both existing and new clients and accelerates Parseq's reach into Europe significantly. TSYS currently has in excess of 40 million accounts on file across Europe for more than 50 financial clients, accounting for more than 1.2 billion transactions in 2010. The first TSYS client to offer the mobile application has already been secured. The TSYS Mobile Application, developed by IE and TSYS, will offer a dedicated mobile application to help cardholders track their credit card spend via their smartphones. The solution will be integrated with TS2®, TSYS' state-of-the-art processing platform, and will allow cardholders to view account details on demand as well as to receive notifications.
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[PSQ] RECOMMENDED CASH OFFER for PARSEQ PLC by CNH BIDCO LIMITED The Joint Offerors are Rami Cassis, the Cassis Trustees, Dover Street and Nova Capital GP Investments V LP. The Independent Directors are Richard Last, Phillip Blundell, Clive Richards and Simon Rubin. Summary · The Offer will be made at a price of 9 pence in cash for each Parseq Share to which the Offer relates. The Offer will not be made in respect of the 155,356,253 Parseq Shares held by Rami Cassis and the Cassis Trustees, representing, as at the date of this announcement, approximately 35.53 per cent of the issued ordinary share capital of Parseq. · The Offer will be conditional, inter alia, on acceptances being received which, taken together with Parseq Shares acquired or agreed to be acquired by Bidco (including the RC Shares), will result in Bidco holding more than 50% of the voting rights in Parseq. · Subject to the Offer being declared unconditional in all respects and Bidco receiving acceptances under the Offer in respect of, and/or otherwise acquires or contracts to acquire, 75 per cent. or more in the nominal value of all the Parseq Shares and of the voting rights carried by those Parseq Shares in issue, Bidco intends to apply to the London Stock Exchange for the cancellation of trading in the Parseq Shares on AIM and to re-register Parseq as a private limited company. Subject to receiving acceptances or otherwise acquiring or contracting to acquire 90 per cent. or more in nominal value of all the Parseq Shares to which the Offer relates and of the voting rights of those Parseq Shares, Bidco intends to exercise its rights to acquire compulsorily the remaining Parseq Shares on the same terms as the Offer. · The Offer values the entire issued ordinary share capital of Parseq at approximately £33.81 million on the basis of the offer price of 9 pence per Pluto Share and the proposed price of 5.43 pence per RC Share.