LoadsaDosh2
12 Dec 2016
Is this another scam company? Apparently on a PE of 2 according to HL's website. Is it another money laundering shell like NBU, CAMK, CTEK etc. ?Why do they choose AIM to list and not a local market like Hong Kong? If they are like the ones I mentioned it is because AIM allows these fraudsters to take our money with impunity whereas they'd never be able to list in Hong kong!
IOMINVESTCOM
12 Dec 2016
GIANT 2016 contract win with major Asian bank Fusionex International PLC12 December 2016 For Immediate Release 12 December 2016 Fusionex International PLC("Fusionex" or the "Group"
GIANT 2016 contract win with major Asian bankFusionex, a multi-award winning international software solutions provider specialising in Big Data Analytics, the Internet of Things ("IoT", Artificial Intelligence, and Deep Learning, is pleased to announce a contract win, that is expected to generate over a million dollars of revenue over time, for its next generation Big Data platform, GIANT 2016, with a major Asian bank. The client, which has a presence in thousands of locations across Asia, will be using Fusionex's Big Data solution to accelerate its move into digital banking and cognitive computing.GIANT 2016 will be implemented to upgrade the data management of one of Asia's oldest financial services companies. The legacy manual data management system will be transformed into an automated and efficient structure, entailing seamless data collection as well as smart-processing, therefore generating significant efficiency, time and cost savings for the client. In addition, the security and traceability features of Fusionex's Big Data solution will further enhance the bank's ability to secure data across its businesses, which include commercial, corporate, retail, consumer, and micro banking.Ivan Teh, Fusionex Managing Director and Chief Executive Officer, commented:"We are delighted to be working with this forward-thinking financial services company. The contract win clearly demonstrates the growing demand for data management and analytics which generate significant productivity, cost and efficiency gains in the financial services sector, amongst other industries. Fusionex looks forward to working closely with the client, especially in the areas of 'fast data', streaming capabilities, deep learning and artificial intelligence and looks forward to the successful roll-out leading to further work together."
II Editor
24 Oct 2016
NEW ARTICLE: Why Fusionex just rocketed 20% "LSE:FXI:Fusionex has had a terrible year, losing almost two-thirds of its value in January when investors panicked about poor cash collection last year. However, after making "steady" progress since, the Malaysian software firm specialising in ..."[link]
Simbr
15 Jun 2016
Re: Optimistic about FXI! "Once every new customer was greeted with banners, ice cream and fireworks – now, as the client list grows and grows we only learn about new client wins as we thumb through the trade press. To wit: Fusionex has won a contract from Malaysian broadband services provider REDtone. Fusionex will provide data management services for the REDtone flexiCloud business-to-business cloud service. Fusionex has upsold the client with a range of applications including analytics, loyalty management, and reservation management." Panmure note out this morning on research tree
Simbr
01 Jun 2016
Optimistic about FXI! A barnstorming period punctuated by 32 new GIANT customers, 12 YOY, taking the total to 68, 25 YOY. EBITDA was dented due to the planned spend to RM7.2m, RM16.89m YOY. Positively; (i) Operating cash, post working capital, was RM5.82m, up from RM5.21m YOY despite lower levels of profitability, (ii) Fusionex improved cash collections and, (iii) following last year's fund raise there is no shortage of cash, RM124.91m. (iv) Fusionex talks about a substantial new business pipeline and, as expected, GIANT 2016 is on the cusp of it. from researchtree this morning, by PanmureOptimistic about FXI.. thoughts?
Simbrad
01 Jun 2016
Panmure's note out this morning on Research Tree... "A barnstorming period punctuated by 32 new GIANT customers, 12 YOY, taking the total to 68, 25 YOY. EBITDA was dented due to the planned spend to RM7.2m, RM16.89m YOY. Positively; (i) Operating cash, post working capital, was RM5.82m, up from RM5.21m YOY despite lower levels of profitability, (ii) Fusionex improved cash collections and, (iii) following last year's fund raise there is no shortage of cash, RM124.91m. (iv) Fusionex talks about a substantial new business pipeline and, as expected, GIANT 2016 is on the cusp of it."
mcescher
27 Mar 2016
Solid dividend player with healthy balance sheet but average value, track record, and growth prospects. From this excellent report on Fusionex International [link]
TX2
25 Jan 2016
Re: WHY DID I BUY THESE? LOL!Make your mind up,you were telling us(as was the company) on Thursday that profits were up 28%.The reality is that almost all of these "profits" have been created by capitalising historic wage costs as intangible assets.the company is not generating enough cash to invest or for that matter pay present wage bills other than by raising new cash......As for Panmure Gordon it does not appear to be generating enough cash either to overpay their respected analysts!Perhaps they can be retrained as time share salesmen.
gerihatric
25 Jan 2016
Re: WHY DID I BUY THESE? I too bought. George O'Connor is a very well respected tech analyst at Panmure Gordon-and their broker. He recommends the company. The issue is whether we want profits now or expand the business to make it better long term. That means re-investment now for the greater gain or short term profits. The success of GIANT has encouraged them to go for growth rather than income. I think that has greater potential and yes greater risk However I think this is a buying opportunity rather than a "surrender" sell. I bought at 230p and now intend to buy more at these levels.
tradingup
25 Jan 2016
WHY DID I BUY THESE? On the back of a strong recommendation from the great David Buick in an iii interviewwhere he said it was one of their favoured stocks going into 2016.........thankfully I only bought a few.
IOMINVESTCOM
22 Jan 2016
Statement in response to share price movement ("Fusionex" or "the Company" or "the Group"Statement in response to share price movementFusionex International plc notes the drop in its share price post yesterday's announcement of its preliminary results for the year ended 30 September 2015. The Company understands that the share price may have been affected by commentary regarding perceived poor cash collection in the period. Consequently the Directors wish to clarify the position.Cash collection for the year was adversely affected by an increase in trade receivables as a result of the business moving increasingly to channel partners which enable Fusionex to support scalable growth and wider market reach. These channel partners however require extended terms of trade, which is not unusual in the software industry and has resulted in this increase in receivables. Since the year end, and in the ordinary course of business, RM23.4m (GBP3.8m) of the year-end receivables of RM28.5m (GBP4.6m) has been collected.
TX2
21 Jan 2016
Re: RNS Fantasy profits made by capitalising huge amounts of costs as intangible assets,seems to have difficulties getting paid judged by rapidly increasing receivables,burning cash..........Crowe,Clark Whitehill as auditors & accountants rings alarm bells(Too many "disasters" elsewhere re far east companies)Avoid any AIM listed foreign share using a Jersey holding company.If the company was decent would list in its home market......Sub zero corporate governance & accountability.Bad record.
Shirtlost
21 Jan 2016
Re: RNS I agree. Results up 30% and price gets marked down by 20%. After closing at 340p yesterday and then releasing excellent results today, I really didn't expect my 290p stop loss to trigger. I know markets are dropping but when Market Makers mark a price down this much after good news they are are just compounding the price slides.That said I think Fusionex is in a great shape for continued growth and is in now well and truly in bargain territory.SL
gerihatric
21 Jan 2016
RNS I thought the results reqad pretty well and the SP gets hammered! Revenue up 35%; net profit up 28%; EPS up 28%; cash up before fundraise; partnered with DELL; 36 GIANT customers. Positive statement-what not to like!
IOMINVESTCOM
21 Jan 2016
Bought a few this am nm
