Financial Objects Share Discussion Threads

[glasshalfull] 25/10/2007 08:17

Have to agree....very positive announcement.

When the share price hit "silly" levels it was the only piece missing from the jigsaw - Why weren't the Directors buying at those distressed levels?
They certainly answered.....in style :-)

I think we can safely assume that the current price is something of an anomaly.

Regards,
GHF

[skyship] 25/10/2007 08:15

Pretty much as anticipated (hoped!) and now nothing to stop a speedy recovery back to the 60p range. Bit of a relief actually.....

[rivaldo] 25/10/2007 08:02

So that was effectively the last of Foster's stock - only 308k shares. which he's now holding onto.

It's a massive vote of confidence - 2m shares is £900,000's worth!

Glad to see the FD taking part too - 50k is no mean purchase for the lowest-paid and most careful (normally!) Board member.



"Directors' Share Dealing

The Company was informed on 23 October 2007 that on 23 October 2007 Paul
Fullagar, Chairman of the Company, bought 2,000,000 ordinary shares of 2p each
in the Company ('Ordinary Shares'), representing 4.50 percent of the Company's
issued ordinary share capital. Further to this, Mr Karim Peermohamed, CEO, and
Mr Peter Youngs, FD, have both bought 50,000 Ordinary Shares each representing
0.11 percent of the Company's issued ordinary share capital. All of the
aforementioned Ordinary Shares were bought from Roger Foster, the previous
Chairman of the Company, at 45p. Roger Foster has confirmed in writing to the
Board of the Company that he has no current intention to dispose of any further
Ordinary Shares.

Following these transactions the interests of Mr Fullagar, Mr Peermohamed, Mr
Youngs and Mr Foster are as follows:-

Number of shares % of Issued Ordinary Share Capital

Mr Fullagar 6,800,000 15.3%
Mr Peermohamed 152,000 0.34%
Mr Youngs 150,000 0.34%
Mr Foster 308,273(1) 0.69%


(1): Of Mr Foster's 308,273 Ordinary Shares, 151,522 Ordinary Shares are held
within his pension scheme

Commenting, Paul Fullagar, Chairman, said:

'This demonstrates the confidence the directors have in the company and its
prospects. Following the recent strengthening of the management team, I believe
the company is well positioned to build on recent successes and to enhance
shareholder value over the next few years.'"

[diogenesj] 24/10/2007 20:40

Thanks, Steg, missed that. And 100k bought by 2 other directors.

[stegrego] 24/10/2007 20:23

no one noticed the 2 million director buy today ? ;)

[techmark] 24/10/2007 11:34

Yes excellent news and the stock looks very cheap indeed, especially when you take in account the cash on the balance sheet.

[rivaldo] 24/10/2007 10:02

Nice announcement - particularly this part:

"Recent contract wins include Concorde Bank, Sand Aire and Hansabank. This momentum is set to continue in 2008 and Financial Objects is planning to announce further wealth management customer wins in the coming months."

That should get investors interested I'd have thought....nothing like a quick gain in the knowledge of announcements to come!

[skyship] 24/10/2007 09:52

Gap back up due sometime soon....

[melody9999] 24/10/2007 09:21

plenty of reasons for this to create some interest - maybe some more insts will buy in

[tole] 24/10/2007 09:05

Financial Objects strengthens wealth management division with key appointments

Two senior directors recruited to exploit the accelerating demand for high net
worth investment services

London 24 October 2007 - Financial Objects plc, an international supplier of
software solutions for the banking, wealth management and energy sectors, (AIM:
FIO), today announced that it has appointed Mark Measham as operations director
and Brent Randall as business strategy director of its wealth management
division. The appointments are further evidence of Financial Objects' ongoing
investment in this sector.

Over the last two years, Financial Objects' wealth management team has achieved
significant growth and success in the market. Recent contract wins include
Concorde Bank, Sand Aire and Hansabank. This momentum is set to continue in 2008
and Financial Objects is planning to announce further wealth management customer
wins in the coming months.

In his role as operations director, Mark Measham is responsible for the smooth
running of all operational processes, from project delivery and customer support
to ongoing software development. Measham heads Financial Objects' wealth
management professional services team as well as all support and development
staff, and is tasked with ensuring the highest standards of operational
performance and customer service for the division. Measham has ten years of
project management experience and previously worked as a development director at
financial services provider Charles Schwab Europe, where he was leading large
scale systems implementation and change management programmes.

Formerly an associate director with global financial software company DST
International, Brent Randall brings a great deal of experience and in depth
understanding of the asset management software business to Financial Objects.
His role is to help define the ongoing priorities for new product functionality,
identify opportunities in new geographies and market segments, and work with
existing clients to ensure continued growth for the wealth management division.

"Both Mark and Brent are highly experienced in their respective fields and in
delivering these services to the global investment market," said Gary Linieres,
managing director of the wealth management division, Financial Objects. "I
expect that 2008 is going to be a successful year in terms of growth for our
industry and we intend to be central in this transition by ensuring that our
solutions continue to meet the specific business needs of our customers."

[masurenguy] 23/10/2007 18:08

How do you know that it is Foster who is selling ? I haven't seen any RNS announcements which should be issued since his holding was around 6% a couple of months ago.

[skyship] 23/10/2007 16:07

Could that be the last of Foster's stock? Interesting to see where it goes - my guess would be Paul Fullagar taking part at least.

[tole] 23/10/2007 15:55

Large trade for 2m put through today at 45p. Wonder if that is the seller being cleared out?

[tole] 20/10/2007 15:11

IMV - Still reckon good value to be had here myself.

[joestalin] 20/10/2007 10:20

Is this a buy at present share price - it seems to have fallen without being pushed.

[affc21] 15/10/2007 12:47

Nice order win, especially considering the contract win is from the Wealth Management division (in light of the recent credit crunch).

[rivaldo] 15/10/2007 09:02

Excellent news. The bid has ticked up to 47p, but the offer at 50p remains the same as before today's news for interested buyers.

[glasshalfull] 15/10/2007 08:13

All contract news welcome :-)

Regards,
GHF

[melody9999] 15/10/2007 08:05

Financial Objects PLC
15 October 2007


Financial Objects announces new contract win in Wealth Management division

Sand Aire licences activebank Wealth Manager


London, 15 October 2007 - Financial Objects plc, an international supplier of
software solutions for the banking, wealth management and energy sectors, (AIM:
FIO), is pleased to announce that it has won a contract to implement its wealth
management software with Sand Aire, a UK-based multi-client family office
specialising in strategic wealth management for families, trusts and charities.


activebank Wealth Manager will be used by Sand Aire to enhance its portfolio
management and client reporting capabilities. The software provides a scalable,
flexible and cost-effective platform that will support Sand Aire's future growth
plans.


Commenting on this contract win, Gary Linieres, Managing Director, Wealth
Management Division, Financial Objects stated:


'We are delighted to announce this deal which was won due to our industry
expertise, leading software and proven track record. We look forward to working
with Sand Aire and providing them with our high quality service.'


Paul Reynolds, Director, Wealth Management, Sand Aire added:

'Having a robust but flexible system is essential to meet the needs of our
clients. We believe that Financial Objects can deliver this and add to our
unique client proposition.'


- ends -

[melody9999] 12/10/2007 13:52

large t trade just gone thru. will that release the sp?

[mirandaj] 06/10/2007 09:47

Stegrego,

Thank you for the reminder. Your post made me take another look at the Evolution note of 6th September:

Financial Objects (FIO.L - Price: 63p - Target Price: 90p - Buy) - 1H07 results

Energy division energises 1H results

u Energy Trading leaps into profit as implementation for Shell is rolled out

u Banking sales effort to be stepped up under new leadership

u Valuation (9.8x P/E) and growth story extremely supportive for shares. BUY


EBIT up strongly thanks to revenue growth and operational leverage

Financial Objects delivered another good set of numbers, with sales up 14% and EBIT
up 47%. Financial Objects' two growth divisions, Wealth Management and Energy, saw
revenues rise 80% and 256% respectively. With both of these areas poised for further
expansion, the shares offer double-digit earnings growth on a single digit P/E and the
strong balance gives additional support.

The new business areas are delivering

The performance from Energy was particularly pleasing - it delivered margins of 22% in
1H07 and we have upgraded our full year EBIT expectation from £0.3m to £1.0m.

Although the Banking division saw 1H07 revenues 21% down on last year, much of this
decline was expected because the 1H06 results benefited from a large one-off license
sale. A new head has been recruited to Banking. He will be looking to boost the
division's marketing effort as the Group feels it has not closed potential deals effectively
enough in 1H07.

Overall we are not changing numbers (£2.8m PBT, 6.2p EPS), with the strength in Energy offsetting the softness in Banking.

Financial Objects' exciting prospects are not reflected in the rating

Our Adjusted P/E (which correctly adjusts for the Group's tax losses and its £3.7m of
net cash) shows that the stock is trading on a P/E of 9.8x FY07 and 8.4x FY08. Even
without a re-rating, the undemanding valuation means that investors can expect the
shares to rise at least in line with earnings growth; we expect this to be around 15%pa
for the next two years or more. If Financial Objects can find more acquisitions like Raft
(acquired for £4m in FY06, and now expected to deliver £1m of EBIT in FY07) there is
the potential for a re-rating and some accelerated outperformance. Remains a Buy.

[stegrego] 05/10/2007 21:04

HL Penny Share Prophet

Financial Objects (FIO): The supplier of
software solutions for the banking, wealth
management and energy sectors produced
good figures for the first half of 2007. On
revenues 14% higher at £10.65m pre-tax
profits rose 46% from £872,000 to £1.27m.
Earnings per share were up 38% to 3.3p.
Progress was seen in all of the company's areas
of activity and the trend looks likely to continue
into the second half. We anticipate pre-tax
profits for the full year of £2.8m compared
with £1.09m in 2006. This implies earnings
per share of around 6.5p, a prospective PER
of 7.2. We think that a final dividend could be
paid. Consider as a buy.
Price: Bid 45p Offer 49p; Sector: Software
& Computer Services; Market Cap:
£20.7m

[stegrego] 05/10/2007 18:50

Mirandaj - 5 Oct'07 - 16:51 - 92 of 92


Still a seller in the market but why? Another 50k today.
----------------------------------------------------------

I think the answer is that this stock is percieved as a financial one and is being labelled as such, rightly or wrongly.

There could well be short term softness in the financials spending and that would have a knock on effect here. Or not

[mirandaj] 05/10/2007 16:51

Still a seller in the market but why? Another 50k today.

[tole] 05/10/2007 15:34

Well back from my hols today - havent picked up a paper or logged onto a computer in well over two weeks now (total r & r required) - Suprised to see this one back at this level and dont see much of a reason for the pullback.

Looks like I missed a bit of an opportunity on the drop here so added a few more today instead :)

Hope all is well with everybody here :))