Stockopedia Stock Page For Parseq

Parseq takeover update; random thought for the day - EU debt volcano

LCF Research — Tue, 01 Nov 2011 11:10:00 +0000

LCF Research published:
Further to last week's response from the EU to the debt crisis, I asked my 22 year old son for his reaction. He likened it to seeing a parachutist heading towards the mouth of a volcano and a spectator to the incident trying to place the equivalent of a bed sheet over the hole of the volcano in order to break the fall! The thinking members of his generation seem to be increasingly realising that they are going to have to pick up the tab for the profligacy of previous...

Parseq - Offer for Parseq

LCF Research — Tue, 25 Oct 2011 15:02:34 +0100

LCF Research created:
Parseq, the financial services outsourcing and mobile banking group, reported that a recommended cash bid will be made at 9p per share. The offer represents a 94.6% premium to the closing price of 4.63p on 19th August 2011, being the last business day prior to the date of the announcement of the possible offer. The PSQ share price has increased by 29% over the last year. Parseq Plc is currently graded b by LCF Research. To learn more, follow the link.

It's the economy, stupid!

LCF Research — Tue, 04 Oct 2011 17:51:07 +0100

LCF Research created:
Last Saturday there was much coverage in the media of comments made by Andrew Tyrie (Chairman of the House of Commons Treasury Select Committee) commending the Coalition for its deficit reduction strategy and criticising it for not having a coherent and consistent strategy for the revival of an enterprise culture. The paper (which embodies much common sense) is well worth a read and can be accessed on the Centre for Policy Studies Website (www.cps.org.uk) by clicking on quot;It's the Economyquot; by Andrew Tyrie. A key aspect of the paper which...

Parseq - Interim results

LCF Research — Tue, 04 Oct 2011 17:42:54 +0100

LCF Research created:
Parseq, the financial services outsourcing and mobile banking group, reported that Interim results to June 2011 showed sales of £12.1 million (2010: £5.2 million), adjusted operating profit of £1.0 million (2010: £1.0 million), pre-tax loss of £256,000 (2010: £311,000 profit) and adjusted EPS of 0.16p (2010: 0.3p). The results include an exceptional charge of £311,000 (2010: £78,000 charge) and amortisation of acquired intangibles of £837,000 (2010: £328,000). The company reported that the results comprise BPO (Business Process Outsourcing) sales of £8.3 million (2010: £5.2 million) and adjusted operating profit of £664,000...

Parseq - Update re potential bid

LCF Research — Tue, 27 Sep 2011 16:23:07 +0100

LCF Research created:
Parseq, the financial services outsourcing and mobile banking group, reported on the potential bid approach received in August. Any offer is likely to be solely in cash and the indicative offer price is 7.5p per ordinary share. Any offer is subject to, inter alia, completion of due diligence. The PSQ share price has decreased by 4% over the last year. Parseq Plc is currently graded b by LCF Research. To learn more, follow the link.

Views on the Potential Offer for Parseq

LCF Research — Wed, 14 Sep 2011 14:43:58 +0100

LCF Research created:
Parseq is a good illustration of the inefficient way in which the capital markets function on occasion. In July 2010, Documetric Ltd (lead by Rami Cassis) did a reverse acquisition at 7p per share of AIM listed Intelligent Environments (iE) (including a name change to Parseq). iE had spent a number of years developing software solutions for facilitating applications for e-financial products and enabling financial services customers to administer their accounts electronically without the need for paper (the latter provides scope for significant cost reduction). This appealed to me because the...

Parseq - Collaboration

LCF Research — Wed, 14 Sep 2011 14:30:41 +0100

LCF Research created:
Parseq, the financial services outsourcing and mobile banking group, reported that an agreement has been signed with TSYS, one of the world's largest payment processors, to provide TSYS's European customers' with a mobile application enabling cardholders to access their account through their smartphones. TSYS currently has gt;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 PSQ share price has increased by 4% over the last...

Parseq - Potential bid approach

LCF Research — Wed, 31 Aug 2011 15:39:51 +0100

LCF Research created:
Parseq, the financial services outsourcing and mobile banking group, announced that an approach has been received from a potential offeror led by the CEO regarding a possible offer for the company. The PSQ share price has decreased by 15% over the last year. Parseq Plc is currently graded b by LCF Research. To learn more, follow the link.

Parseq - Update re interim results

LCF Research — Tue, 05 Jul 2011 16:29:31 +0100

LCF Research created:
Parseq, the financial services outsourcing and mobile banking group, announced that the interim results to June 2011 are anticipated to show sales of £12 million, with Software delivering a 44% increase on H1 2010's sales of £2.7 million. Profits are expected to double from the pro-forma £500,000 achieved in H1 2010. The full year result is anticipated to be below both market expectations and 2010’s interim results due to softness in the BPO division, although Software is expected to continue trading in line with or slightly ahead of expectations. Steps are...

Parseq - Contract win to build mortgage management tool

LCF Research — Tue, 21 Jun 2011 17:05:18 +0100

LCF Research created:
Parseq, the financial services outsourcing and mobile banking group, announced a contract win to build and host the mortgage industry's first white-labeled online self-service platform for mortgage account holders. The direct customer is Homeloan Management Ltd (HML).HML manages around £43 bilion worth of mortgage assets for 45 clients across the UK, and handles customer enquiries on behalf of its clients for nearly 400,000 live mortgage accounts. The new platform will enable HML to deliver a mortgage management tool and the company has already secured its first user for the self-service...