FSG 15.0% 1.7¢ field solutions holdings limited

to buy or not, page-2

  1. 118 Posts.
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    I think there are around 200m on issue if you allow for the recent placements and eventual conversion of the convertible notes, which implies a market cap of $160m.
    Some recent BBY research suggested about $8m in earnings in 2007 on the back of current deals. If so they look fully priced on this alone but I expect them to do more deals like the one with Tesco which may increase earnings significantly. It is hard to put a value on the stock as VOIP is such a huge growth sector and they seem very well positioned. I still hold but have taken some profits on the way up.
 
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