Sitting at a one year low this microcap has potentially a great deal of upside according to the last figures (see AFX below)

Farsight PLC posted narrower first half losses and said it
has a strong order book for the remainder of the financial year.
For the six months to end November, the video surveillance company posted a
loss of 501,000 stg against a loss of 978,000 a year earlier on sales of 431,000
stg compared to 597,000.
It also said the first stage of a contract with Johnson Workplace Management
has been commissioned following a three month planning and mobilisation period.
Basepoint said the potential value of this contract is a minimum of 250,000
stg over the next two years in terms of consultancy and remote video monitoring.
Sales revenues from remote video monitoring operations continue to grow, the
company said.
"New client monitoring contracts are growing by between 15,000-35,000 stg
per month," it said.
It added that it has raised 750,000 stg via a secured convertible loan
facility. This will enable the company to repay its legacy debts and "provide
sufficient working capital for the company's present requirements".
It said 2004 will see a positive cash flow from operations, and a continued
improvement in trading performance.

Still ticking up slowly but surely. 2p target looks about right and higher with news.

Shame others are not onboard to enjoy the rise !

Posted on ADVFN

Hereugo - 26 Aug'04 - 21:22 - 395 of 398


The reason for the recent rise is due to the fact that Farsight are about to release news of a major contract win. As you have seen the market has already got wind of this news hence the subsequent rise in the offer even with sellers being predominant.I suggest that holders sit on their shares in the short term and capitalise on the forthcomming news.

DYOR

Well as I said earlier there are sellers and the MMs are mopping them up. Question is why ? Is there news pending ? Are they trying to balance their books? Questios questions ! What is good is that the SP is firm indicating that the next move may well be a rise. I am sure that people have/are looking at this one and have waited. What they have seen is the SP rise and rise. The old addage goes buy into a rising trend. FAR presently has that momentum so buying is the logical thing to do.

Think about it over the weekend but i feel that we may well see 2p before long.

Tim to buy back in.

Started to move higher today after the 450K buy.