85 replies to this topic

[andi222]

https://www.itweb.co...nxpEv4DJZKvV8XL

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[andi222]

https://techcentral....gh-drama/94869/

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[andi222]

Good start today, I think now with the new competent management who has resolved all major issues this company will slowly grow and it will be a good target for a takeover. High cash levels, good cash flow generation and low debt levels.

Watch this share in 2020.

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[andi222]

4SI : Lifting of Share Trade Suspension: 4SIGHT HOLDINGS LIMITED (Incorporated in the Republic of Mauritius) (Registration number: C148335 C1/GBL) ("4Sight" or "the Company") ISIN Code: MU0557S00001 JSE Code: 4SI LIFTING OF SHARE TRADING SUSPENSION The Board of 4Sight is pleased to announce that the JSE has approved the lifting of the suspension in trade of 4Sight securities from the commencement of business on 27 December 2019 following the publication of the reviewed interim results for the six months ended 30 June 2019. Shareholders are reminded of the recent board restructure, the resolution of various disputes and are reassured that the focus for 2020 will be on customers, employees and the success and growth of the business. By order of the Board Mauritius 27 December 2019 Designated Advisor Arbor Capital Sponsors Proprietary Limited Date: 27-12-2019 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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[andi222]

Finally the results are out. Suspension should be lifted by Monday.

Some negative highlights from the result:
- 10 Million loss
- qualified opinion
- reportable irregularity

Positives from the results:
- actually they made a huge 3 Million profit. Once off costs incurred where impairments of Goodwill 10 Mil, increase of 2.5 million in allowance provision due to Ifrs 9 and 0.6 Million restructuring costs.
- increase in Revenue
- increase in Gross profit
- qualified opinion due to Visukatics. This should be solved by year end.
- Current NAV at 70 cents.
- tangible NAV at 33 cents
- cash levels remain high
- low debt of the company

Overall the results where positive even though the high impairment. I think in future we will see further impairments. However all the units are highly profitable. New management knows what needs to be done.


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[andi222]

New logo is life. Really looks cool. 

 

https://www.linkedin...4sightholdings/

[andi222]

So apparently they will be fully complaint again by Christmas. Good article:

 

https://www.itweb.co...BpdgvpPBr5vLEew

[andi222]

Disappointing from new Board. Also that they haven't stated a release date shows that they have no idea when this will be done and when interim's will be released. 

 

4SI : Conclusion of Subsidary Business Rescue Process and Update on Interim Results Publication:
4SIGHT HOLDINGS LIMITED
(Incorporated in the Republic of Mauritius)
(Registration number: C148335 C1/GBL)
("4Sight" or "the Company")
ISIN Code: MU0557S00001 JSE Code: 4SI

CONCLUSION OF SUBSIDIARY BUSINESS RESCUE PROCESS AND UPDATE ON INTERIM RESULTS
PUBLICATION


BUSINESS RESCUE

Shareholders are referred to the announcement published on SENS on 15 October 2019
whereby Foursight Holdings Proprietary Limited ("FH"), the intermediary investment holding
company of some of the South African subsidiaries, had been placed under Business
Rescue.

The Board is pleased to advise that FH has been successfully removed from Business Rescue
and the temporary difficulties have been overcome. The Board remains of the view that (on
a consolidated basis) the FH operating subsidiaries within the 4Sight group are profitable
businesses, which generate large cash reserves.

INTERIM RESULTS

Shareholders are referred to the announcement published on 31 October 2019 and are
advised that the Company has made substantial progress with the finalisation of the group
interim results and the final review by the auditor is in progress. Thereafter the interim results
will be considered by the newly constituted Audit and Risk Committee and Board. Once
approved and published, the Company will apply to the JSE for the lifting of the suspension
of trade in 4Sight securities.


Mauritius
29 November 2019

Designated Advisor
Arbor Capital Sponsors Proprietary Limited

Date: 29-11-2019 02:56:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

[andi222]

Hopefully new management will deliver what they have promised and release the results this week. 

 

I still cannot understand why this is taking so long. Even with audit, board change etc. . 

 

Expecting a Trading statement tho in the next two days hopefully.

[andi222]

Good news flowing in.

 

https://www.itweb.co...yONPvEEo8bvXWrb

[andi222]

Watch this shares when its back trading. New management looks promising and competent.

 

https://www.iol.co.z...k-soon-36872972

[andi222]

Interview by the new CEO. Super excited about the new board. Hopefully they can drive the company forward to its full potential. 

 

https://www.cnbcafri...ey-to-recovery/

[andi222]

Another good article:

 

https://www.itweb.co...zQenvj8xYLMZd2r

 

Will be interesting to see how half year results are gonna look like.

[andi222]

So Meeting was held and new board was appointed.

 

Already good news flowing in from the new board:

 

https://techcentral....spension/93873/

[andi222]

Weird they haven't announced anything regarding meeting today. Was everything approved??

They must submit a SENS for this.

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[andi222]

Yeah new management is trying to fix the troubles from old management.

They released a statement that interim financials will be published before end of Novemeber.

Then suspension will be lifted. So no need to worry if u are long.

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[nosh]

SUSPENSION OF LISTING


The JSE wishes to advise that the above mentioned company has failed to comply with the JSE's Listings
Requirements by not submitting its interim financial statements within the three-month period stipulated
in the Listings Requirements. Accordingly, the listing of this company's securities has been suspended with
immediate effect.

 

 

 

[andi222]

I think we have come to the turning point. From now on I think the share price will rise.

 

https://www.iol.co.z...-board-36339781

 

Strong cash generating subsidiary's, good cash flow, low level of debt is the key to make this company successful. 

 

Board issue have now been solved and the Visulatics issue will also hopefully be resolved in the interim results. 

[andi222]

Finally they have announced the new board.

Can't believe the old board was there for so long. They nearly destroyed the company

Latest Sens is out with good detail.

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[andi222]

Yes 11 November. The new directors actually want to sue the old ones for the delay 😅

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