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Focus Solutions

  • BY: Andrew Hore |
  • POSTED: 04/07/2008 |

Daniel Stewart believes that the takeover of Financial Objects makes Focus Solutions look undervalued.

The house broker believes that if Focus were valued on the same basis as the bid it would be worth 41.5p a share. Shares in the consumer facing financial software systems developer are trading at 25.5p each. They are trading at little more than three times forecast earnings for 2008-09 and there is £1m of cash in the bank. 

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