Ffastfill Share Discussion Threads

[bugs bunny] 07/10/2009 13:02

10:29GMT 06Oct2009-FFastFill rises on trading update

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Shares in FFastFill rise 5.5 percent as the company, which provides trading, clearing and settlement software to the financial sector, says it expects to report a profitable first-half, compared to a loss last year.

KBC Peel Hunt, which keeps its 'buy' rating, says: 'Market conditions appear to have stabilised and FFastFill remains well positioned to take advantage of beneficial structural and regulatory shifts in the over the counter derivatives market.'

The brokers says key drivers for growth include; the increased outsourcing of system development by financial institutions and an increase in exchange-based trading

[bugs bunny] 07/10/2009 10:29

Taken from todays Independent.


FFastFill

Our view: Buy

Share price: 7.25p (+0.375p)

So Barack Obama is pushing plans to regulate derivatives trading in an attempt to shine more light into the workings – and therefore cut risk – of the opaque industry worth trillions of dollars. This would include clearing trades in the exotic instruments through a central body rather than off-exchange away from the eyes of the regulators. That could be good news for Ffastfill, which makes derivatives trading software, as more and more banks would clamour for its products. The board issued a trading update in line with expectations yesterday, saying that the company should report a profitable first half compared with a £500,000 loss last year.

It did suffer as clients (the banks) cut back on huge swathes of spending as the downturn hit. Yet it has retained a solid roster of clients including JP Morgan, MF Global, ICAP and Mint Equities – and there should be more of an upside from these relationships.

In the wider market, conditions are stabilising and bringing in more customers. Revenues from the software services business are still growing and analysts expect increases in recurring revenues and a lift in profit margins as the business builds. Analysts at FinnCap put the stock at 11.8 times 2010 earnings, before falling to 8.8 times the following year. It's worth a look, so buy.

[plast] 06/10/2009 17:56

thanks for posting here bugs,
good to see an upward movment today.

[bugs bunny] 06/10/2009 16:19

SM

Great news.....Havent heard or read of a target price just reco the comment from a few weeks ago that a takeout share price would have to alot higher than present....Im looking at a takeout price 16p to 18p by Xmas. Prob a dream target....Its on my Cosmic order.

Chuffy hasnt been on the site for sometime but I hear he is going on well and still enjoys a little tipple of the falling down water LOL

[site manager] 06/10/2009 14:12

Bugs,

Agreed great news.
Do you know if KBC Peel Hunt has a price target ? or just a buy rec ?
Also any news from Chuffy ?
Cheers,
SM.

[bugs bunny] 06/10/2009 09:26

JUST LOVE THIS NEWS.

FFastFill expects to be back in the black


Business Financial Newswire
Software specialist FFastFill expects a first half profit compared to a loss last year.

The firm - a leading provider of software as a service to the global derivatives community - posted pre-tax losses of £0.5m for the six months to the end of September last year.

It says trading has been in line with management expectations and FFastFill expects to report a profitable first half.

SaaS revenues have continued to show strong growth and, in combination with the operating efficiencies realised since the start of the year, underpin these improvements in the group's financial performance.

Cash remains strong at £3.1m on 30 September compared to £2.2m at 31 March.

It added: "Market conditions appear to be stabilising, resulting in increased customer activity and FFastFill has continued to win new customers and expand existing customer relationships.

"Positive momentum has been seen across the range of product offerings."

[bugs bunny] 30/9/2009 11:50

Someone still buying and Plymouth get there 1st win.

Mr Todd in Green Heaven

[bugs bunny] 28/9/2009 14:41

We seem to have a buyer in the market.....250k sell at 6.5p and then bought 17 mins later 6.62p

Are they buying on speculation of a bid of somekind or ??????

Plymouth are still without a Win........Come on you GREEN ARMY.

[bugs bunny] 17/9/2009 14:36

Another tick down soon......Does Anyone out there have any idea where the bottom is in this cuurent share price slide?????

[bugs bunny] 17/9/2009 10:21

Toddy isn't having a good time at the moment...Plymonth bottom with no wins and only 2 points.....Amino down and FFA sliding down 16% in a month.

[bugs bunny] 15/9/2009 16:22

A punter dumping blocks of 50's

[bugs bunny] 08/9/2009 10:25

No news is Bad news as it will be seen, we will continue on see a drip drip of small selling....The momentun has now been lost from the Times article.

[bugs bunny] 01/9/2009 11:07

Looks like FFA share price has lost all it's forward momentum until we get to the next set of results or a contract signing.

[mountain man] 10/8/2009 08:47

I bought some 3 weeks ago and again early this morning. Regardless of speculation I think the company has tremendous potential IMHO. 20m changed hands on Friday so there may be an announcement in the next day about that.
DYOR

[bugs bunny] 09/8/2009 11:37

Good aticle.......At least they getting known and now and on the Radar.

[strollingmolby] 13/7/2009 15:16

Well the golden cross occurred - and its dropped. Probably a good entry point.

[eye2] 22/6/2009 09:19

think it will rise! 200 day, good news flow to come in july with div, ect,my thoughts only dyor everyone.

[strollingmolby] 22/6/2009 08:48

eye2 - isn't it only a 'golden' cross if the 200dma is rising? Will it be by then?

[eye2] 21/6/2009 22:39

golden cross in id say 2/3 weeks 200 day 50day meet.

[bugs bunny] 15/6/2009 11:23

FFA is getting alot of positive press which can only be good, the talk of a possible maiden Divi payment will put FFA on the radar and attract some serious investors.