Lombard Risk Management Share Discussion Threads

[mrpotatohead] 15/7/2015 15:08

tiaii i guess you were at tthe agm? was wisbey there? did he vote against any other resolutions? did the board seem united?

[tell it as it is] 14/7/2015 00:21

That resolution failed to get 50% let alone 75%

[mrpotatohead] 13/7/2015 11:20

no techno it suggests that wisbey is far from happy. he probably voted the resolution down as he has enough equity to block a special resolution. means the board is not all pushing in the same direction.

[techno20] 11/7/2015 11:07

Igoe104,

Don't agree, irrespective of whether you feel that a change was required or not, the way in which Crawford handled it appears from an external laymans perspective to have been woeful.

The fact that one of the resolutions was rejected on Thursday suggests at least some of the institutions are far from happy with the state of play.

It's comforting that business performance is holding up well, but IMV the business needs a new CEO and fast.

Techno

[igoe104] 09/7/2015 08:15

Don`t think Crawford should be given grief, maybe it was what was needed, to take the company to the next level.

Nice words.

The Board look forward to the future with increasing confidence

[techno20] 09/7/2015 07:47

Agreed, brief but reassuring.

Unfortunately I can't make the AGM, but hope someone gives Mr Crawford some grief for the shambles that occurred a few weeks back!

Techno

[rivaldo] 09/7/2015 07:36

News - a rather good (if brief!) AGM statement, with the new CEO also on the way:

"The Company has made a positive start to the new financial year with trading in the first three months ahead of the same time last year"

[rivaldo] 07/7/2015 11:38

This sounds encouraging:



"Lombard Risk 2nd Annual Regulatory Update Conference highlights “the tsunami of regulation has become a series of overlapping waves”
London - 6 July 2015

On 16th June, Lombard Risk Management plc (Lombard Risk), a leading provider of integrated regulatory reporting and compliance and collateral management solutions for the financial services industry, hosted its 2nd Annual Regulatory Update Conference. Held at the Andaz Hotel in London, the conference attracted double last year’s audience with 300 registered delegates from 170 firms.

This year’s conference was designed to bring the audience up-to-date with short, medium and longer term regulatory requirements, highlighting the key issues firms need to consider to meet the ‘new normal’ in a fast-changing regulatory environment. The event included two key panel sessions and a small exhibition featuring the British Bankers Association, Katalysis, Planixs, SunGard, PWC, Accenture and Oracle.

Philip Crawford, Executive Chairman of Lombard Risk, opened the event by commenting on how “The tsunami of regulation has become a series of overlapping waves.”

“The demands made of the industry are considerable and the timeframes challenging”, he said, with the requirement to jump when regulators snap their fingers strained by the sheer level of operational change required to provide compliant processes integrated with strategic planning. He noted that whilst regulation is often seen as a compulsory yet cumbersome process for firms, once firms are properly equipped to address their regulatory requirements they gain considerable benefits in their ability to manage their firm effectively. “We will work with you to see that is the case,” he said. “It is a benefit that is due to come out of all of this regulation, which is about running businesses appropriately and more efficiently.”

James Phillips, Director of Regulatory Strategy at Lombard Risk, next composed a complex and involved picture of the Capital Requirements Regulation’s (CRR) new reporting requirements, considering not only the EU-wide supervisory reporting framework for FINancial REPorting (FINREP) and Common REPorting (COREP) but with the added category of what he called LIQREP (liquidity reporting), as national authorities such as the UK’s Prudential Regulatory Authority (PRA) collect intraday liquidity data, and aspects of capital adequacy rules such as the Liquidity Coverage Ratio (LCR) come into play at the end of 2015.

etc"

[rivaldo] 24/6/2015 09:24

Looking good this week - a series of buys, and sells achieving premiums over the bid price.

[rivaldo] 11/6/2015 12:49

Good news today - and an interesting comment about the "considerable increase to the client base in recent months"....



"June 11, 2015

SuMi TRUST replaces rFRAME and goes live with REPORTER

Lombard Risk is pleased to announce that the London branch of Sumitomo Mitsui Trust Bank has successfully gone live with Lombard Risk REPORTER for Bank of England / Financial Conduct Authority regulatory reporting.

Sumitomo Mitsui Trust Bank, Limited forms the core of Sumitomo Mitsui Trust Group as one of the largest institutional investors and the leading trust bank in Japan.

As a London branch of an overseas bank, SuMi TRUST in London is regulated by the PRA and FCA and required to submit both statistical and prudential reporting to the Bank of England. Significant changes are expected from both authorities within the next 12 months namely, European Banking Authority (EBA) Liquidity Coverage Ratio (LCR) in XBRL format, and further complexity is expected to the Bank of England reporting.

SuMi TRUST decided to extend its use of REPORTER to London when the rFrame platform it had been using became no longer supported by Wolters Kluwer Financial Services. SuMi TRUST already uses Lombard Risk REPORTER in Singapore and New York to meet local regulatory demands to the Monetary Authority of Singapore and Federal Reserve respectively. While SuMi TRUST went through an extensive review of available UK regulatory reporting systems for UK branches, REPORTER was seen as the vendor of choice to provide a longer-term strategic solution to meet multi-country regulatory reporting requirements and ongoing regulatory support.

Cliff Dowton, Head of IT, from SuMi TRUST in London says: “We evaluated a number of regulatory reporting systems to meet our UK regulatory reporting requirements. We selected Lombard Risk REPORTER because of their strong track record in the UK and our own success implementing the solution in other overseas locations.”

REPORTER is an end-to-end regulatory reporting solution for the global financial services sector which is used by over 300 firms globally, 160+ for Bank of England reporting and more for EBA Common Reporting here in the UK. REPORTER for Bank of England reporting enables firms to:
Automate an end-to-end regulatory reporting process from data acquisition, standardisation through to calculation, reporting and submission via OSCA and GABRIEL
Select from multiple deployment options that fit around existing architectures and processes that support a rapid deployment and superior solution total cost of ownership relative to other systems
Leverage existing data sources for complete coverage of reporting requirements
Achieve enhanced ad-hoc reporting

Robert Markham, EMEA Head of Sales Regulatory say: “We are delighted to have expanded our relationship with SuMi TRUST and that they are now live on Lombard Risk REPORTER in the UK within the agreed timespan and budget. We have seen a considerable increase to the client base in recent months, partly due to a significant number of former rFrame clients who found themselves in a similar situation to SuMi TRUST and took the opportunity to find a strategic solution.”


About SuMi TRUST – www.smth.jp/en/ (Tokyo Stock Exchange: Code Number 8309)

”SuMi TRUST” is the overseas marketing name of the Sumitomo Mitsui Trust Group and its affiliated companies.

etc"

[igoe104] 06/6/2015 09:07

Surely the time and environment and the moment, should bring the bacon home for LRM products, over the next couple of years.

[igoe104] 05/6/2015 12:30

Especially also when L@G got little discount, must be had been very keen to add.

[rivaldo] 04/6/2015 15:37

RNS just out showing a very nice vote of confidence from L&G, presumably from the fundraising - they've come from nowhere below 3% to now owning 4,35%, or 13.2m shares:

[igoe104] 28/5/2015 15:36

Those who followed TW advice and sold, must be scratching there heads with frustration now.

This was well over sold, LRM has strong much needed products with a strong/record pipeline, I can only expect more of a rise to come.

[rivaldo] 27/5/2015 10:13

Pleasing to see the fundraising at such a small discount to the share price given recent shenanigans. I wonder if the decision as to whether or not to do this was the reason for JW's Farage-ist behaviour (i.e an exit and quick reappearance!).

It's now a question of how soon all of these "opportunities" will materialise. The regulatory environment is all in LRM's favour, and they now appear to have the global partnerships to take advantage.

[williambrown1] 27/5/2015 04:15

'higher aim' you're not reading my post correctly and i'm far from a spin doctor. I was referring to the future HOPING that they "pursue growth strategies, get a decent revenue base, manage costs and free cash flow will follow".

My preference particularly in a growth business is to not issue shares as the dilution affect amplifies with capital gains. But when you are in pickle you have no choice and there is no point fooling about, raise a decent amount of capital and dig yourself out of that hole.

It's not "expansion to cut costs" its liquid capital which will look better to alliance partners, future clients and future executives.

This is the negative result of poor prior cost management, however they now have the opportunity and the cash balance to capitalise on alliance partners and execute large deals with banks and other.

That does not mean they will contain costs and invest wisely. Hence why the share price is trading at such a low Price / Rev multiple.

[higher aim] 27/5/2015 01:44

The last post sounds a bit like a spin doctor at work, Obviously you don't raise money for expansion to cut costs but rather to be able to increase them safely, so this RNS is presumably implying that cash costs ie R&D investment and sales investment will go up. The opportunity that John Wisbey and more recently Philip Crawford were highlighting is the opportunity for the company to raise revenues appreciably with that investment. It is a positive that institutions seem to be up for this.

If you want to praise a management team for increasing costs you talk about far sighted investment in growth. If you want to criticise a management team for the same thing you talk about lack of cost control. The financial outcome may be identical, but the spin quite different !

[williambrown1] 26/5/2015 23:13

Obviously would be better to have no dilution.

But it's better than fooling around, raise a decent amount of money so you don't have to go back to market pursue growth strategies, get a decent revenue base, manage costs and free cash flow will follow.

Once we have free cash flow the companies growth won't be restrained by financial resources.

Good to see the chairman take a few shares.

[cockerhoop] 26/5/2015 22:49

Surprised there's been no comment on the £4m placing today, even more surprised the share price went up :-)

[topvest] 21/5/2015 20:04

This was on my watch list. Strong growth company. Had concerns over the lack of cash generation, but will definitely take it off now. This business was created by the CEO and today's announcement doesn't appear to stack-up.

[igoe104] 21/5/2015 19:08

Short term volatility, should bounce back quickly. strong market place, strong pipeline.

The product should do well, WHO-ever is the CEO.

[anumidium] 21/5/2015 18:58

I sold mine this morning as well.

I would like to hear the story of Wisby's resignation as even if it was encouraged by the board it has not been handled at all well given that he is back as a NED. Meanwhile there was signficant share price volatility with much speculation. "Senior" NED John McCormick who has announced his attention to resign held nearly 2% of the company as well and along with his sale of 4m shares last November the resignation isn't the greatest vote of confidence. Particularly since he was still a buyer in Feb of last year.

Will be interested who they get in as CEO. Might come back in if they seem promising since LRM really should be able to suceed in the current climate.

Good luck holders!

[2vdm] 21/5/2015 13:51

I've been with LRM for a long time and liked its products and management, but with John Wisbey resigning, I think it could now be in for a rough ride,so I'm out for now. Good luck to those who remain.

[williambrown1] 21/5/2015 10:54

key indicators look up deffered revenue, backlog, receivables.

FCF for the first time in a while.

If they closed those COLLINE deals early FCF would have been $2M+ (based on historical COLLINE deal values).

Uncertainty about leadership is concerning could go either way.

Let's hope a shake up from the investor community is what the doctor ordered.