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.

Nobody selling so BUY.

Years lows and with a little news will rocket.

Moving up again. Spread now a little better

Indicators have turned positive



This was taken from the last set of figures received which means that forward looking they had some strong orders.

LONDON (AFX) - 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.
bam

Up again. Another Knowing winner by the looks of it.

Guys
Just got some TA from a well respected poster. I hold a position in this stock.

Ted,

FAR...finally!

(Sorry guys, off topic.)

The most significant feature is the one day fall on 27/7. There was a large opening gap down, with the day starting precisely on the lower line of the year long descending channel.

The good news is the low of that day, at .73p, is way below the eventual close at .95p, forming a long wick, or shadow, on the Candlestick chart.

The next day was steady at 1p.

Was this a dead cat bounce. I don't think so. Although volumes are low I'd have expected the fall back below 1p to have happened by now...so there is some support there at the key 1p level. And the long wick may be evidence of further underlying support...I presume buyers came in strongly? (I have no fundamental knowledge of this share.)

Should 1p fail then I'm afraid .5p is on the cards.

I hope this helps

Looks good Ted. Seems that we only have buyers and very few selling at this low price as everyone bought higher.

Another tick up.

Been out this mornin but good to see another tick up on a 53k buy. Nice!

Wrong, even better ticked up on a 53k SELL not a buy!

Ted it is not a sell but a delayed BUY.

Ticked up again now.

Found out later cheers happy1 still all good.

Up 9% now guys.

Yep they moved the bid up to close the spread.

Looks good Ted.

What a day FAR the only blue on my monitor!

Reckon we could be in for more next week.



TA wise looks very positive

Up 6.25% again today, on the back of 2 sells.
Looking good

A nice 250k buy. Maybe all the earlier trades weren't sells. The spread was up to 21% earlier
Anybody know?

A little TA guys, looking good again today only 2 sells, I think buys with the tick up but difficult to tell especially after yesterday. They were all buys yesterday.

Ted,

Just checked on FAR...looking good.

An open on the 21 day MA saw the price gap upwards yesterday.

Above average volume helped to a close back in the middle of the downtrend channel and above the 61.8% Fibonacci retracement level.

2nd highest constant gainer for 3 days

2 FAR FARSIGHT ORD 1P 1.025 1.425 39.024%

Nice going.

1st highest constant gainer for 4 days

1 FAR FARSIGHT ORD 1P 1.025 1.45 41.463

There has got to be some news out at the end of August, I have e-mailed the company to see if they can shed some light on the news front.