Financial Objects Share Discussion Threads

[mitzis] 09/7/2003 16:05

no idea BadaBing but got to be good news as the share price has risen for the 2nd day..

[mitzis] 09/7/2003 00:52

Now 34p... watching this one closely but must admit didnt expect such a rapid increase in a short time..!

[badabing] 08/7/2003 11:46

Mitzis,

I'm with you on that. Gets a bit lonely here at times so here's hoping for more action and more posters too.

[mitzis] 08/7/2003 11:16

BadaBing.. I'm in from 30p last week and we could easily see 40p in the short term as the recent falls were over done.take a look at the chart and it is obvious there is 50% upside from 30p.

[badabing] 08/7/2003 11:11

Perhaps we have now started the long march North at last following all that buying?

[badabing] 07/7/2003 11:48

Come on peeps, we've had nearly a week of nice trade blocks here now and some decent size volumes/values here today. Surely Director buys ?

11:36:41 32.50 32.50 342,697 111,377 Late trade
11:17:46 32.50 32.50 197,157 64,076 Ordinary Trade
10:17:00 32.50 32.50 555,000 180,375 Single Protected Transaction

[badabing] 07/7/2003 10:28

and another whopping 550k trade this morning at 32.5p - I assume that's a buy which already pushed the ask price up to 35p this am. Somthings a coming I'm telling ya....

[jriddle] 05/7/2003 10:56

The announcement was followed by a company meeting where the restructuring was discussed.
The existing sales director has gone and a new one is in his place. One interesting idea is the selling of Activebank software, "shrink wrapped" through the resellers. I believe quite a lot could depend on the success or failure of this idea.
Also there is rumour of a couple of "imminent sales".

[badabing] 04/7/2003 08:52

Some chunky trades been going through since the announcement but no reaction. I reckon a delayed response is still to come and these will gain as a result. I note Techinvest still has these in their portfolio and they tend to get it right more than they get it wrong in my view anyway.

[mrjingles] 01/7/2003 21:51

Master sucker!.

[bobby.ifa] 30/6/2003 22:42

What about the 450,000 at 14.58? Yum Yum!

[badabing] 30/6/2003 16:33

350,000 buy after the bell - Director's buy perhaps ?

[bobby.ifa] 30/6/2003 16:07

Lovely 450,000 trade purchase at 14.58, looking good Houston!

[welsheagle] 30/6/2003 07:48

RNS Number:9146M
Financial Objects PLC
30 June 2003


Embargoed for release, 30 June 2003

For further information, please contact:

Roger Foster, Chairman Tel: [phone]
Financial Objects

James Melville-Ross/Juliet Clarke Tel: [phone]
Financial Dynamics



Strategy Update and Board Changes


We announced on 19 June 2003 that the Board was undertaking a strategic review
of the business and that it expected that this would result in a further
investment in the ActiveBank product. This review process has been concluded
and we are now in a position to announce the following changes.

The Board is to be strengthened by the following changes that take effect from
today:

* Roger Foster, founder and current Non-Executive Chairman, will become
Executive Chairman and Acting Chief Executive;
* David Carruthers, will stand down as Chief Executive Officer and will
assume specific responsibility for managing the IBIS business;
* Steve Lane, Group Development Director will be taking additional
responsibility for ActiveBank implementation and support functions; and
* Peter Watts has joined the Company and been appointed to the Board as
Sales Director, with specific responsibility for ActiveBank sales. Attached
to this announcement is a summary of Peter's career to date.

The Company intends to open an Offshore Development Centre in India to improve
its competitive position in the market place. The establishment of this Centre
will require an investment for an initial period and is expected to result in a
significant long-term reduction in development costs.

Further, the Company is looking to increase sales of its ActiveBank product by
establishing a Global Reseller Channel. This also requires an investment over
the next year, in the identification, appointment, training and support of the
third-party organisations. Early indications from potential resellers have been
encouraging.

The total cost of this investment, which will be taken to the Company's profit
and loss account, is estimated to be in the region of #1.5m over the next 12
months. This investment will be funded from the Company's existing cash
resources.

Peter Watts

Peter is 40 years old and has 15 years experience in the technology industries
providing solutions to the wholesale finance and international banking sectors.
He effected the turnaround of Tantus plc, where he was managing director from
1996 to 2000 and oversaw the successful trade sale of the Company. Following
this he joined ABS and its subsidiary ABS Solutions Ltd as sales and marketing
director, which shortly afterwards went into receivership and was subsequently
sold as a going concern. He has also held senior sales and marketing positions
at C.ATS Software Inc, a derivatives and risk management software company and
Syntegra, the systems integration business of British Telecom plc.

In accordance with Chapter 16.4 of the Listing Rules no further details are
required to be disclosed under paragraph 6F2 (b) - (g) in connection with Peter
Watts appointment.



This information is provided by RNS
The company news service from the London Stock Exchange
END

[welsheagle] 30/6/2003 07:48

RNS Number:9146M
Financial Objects PLC
30 June 2003


Embargoed for release, 30 June 2003

For further information, please contact:

Roger Foster, Chairman Tel: [phone]
Financial Objects

James Melville-Ross/Juliet Clarke Tel: [phone]
Financial Dynamics



Strategy Update and Board Changes


We announced on 19 June 2003 that the Board was undertaking a strategic review
of the business and that it expected that this would result in a further
investment in the ActiveBank product. This review process has been concluded
and we are now in a position to announce the following changes.

The Board is to be strengthened by the following changes that take effect from
today:

* Roger Foster, founder and current Non-Executive Chairman, will become
Executive Chairman and Acting Chief Executive;
* David Carruthers, will stand down as Chief Executive Officer and will
assume specific responsibility for managing the IBIS business;
* Steve Lane, Group Development Director will be taking additional
responsibility for ActiveBank implementation and support functions; and
* Peter Watts has joined the Company and been appointed to the Board as
Sales Director, with specific responsibility for ActiveBank sales. Attached
to this announcement is a summary of Peter's career to date.

The Company intends to open an Offshore Development Centre in India to improve
its competitive position in the market place. The establishment of this Centre
will require an investment for an initial period and is expected to result in a
significant long-term reduction in development costs.

Further, the Company is looking to increase sales of its ActiveBank product by
establishing a Global Reseller Channel. This also requires an investment over
the next year, in the identification, appointment, training and support of the
third-party organisations. Early indications from potential resellers have been
encouraging.

The total cost of this investment, which will be taken to the Company's profit
and loss account, is estimated to be in the region of #1.5m over the next 12
months. This investment will be funded from the Company's existing cash
resources.

Peter Watts

Peter is 40 years old and has 15 years experience in the technology industries
providing solutions to the wholesale finance and international banking sectors.
He effected the turnaround of Tantus plc, where he was managing director from
1996 to 2000 and oversaw the successful trade sale of the Company. Following
this he joined ABS and its subsidiary ABS Solutions Ltd as sales and marketing
director, which shortly afterwards went into receivership and was subsequently
sold as a going concern. He has also held senior sales and marketing positions
at C.ATS Software Inc, a derivatives and risk management software company and
Syntegra, the systems integration business of British Telecom plc.

In accordance with Chapter 16.4 of the Listing Rules no further details are
required to be disclosed under paragraph 6F2 (b) - (g) in connection with Peter
Watts appointment.



This information is provided by RNS
The company news service from the London Stock Exchange
END

[jriddle] 29/6/2003 10:54

They have a big internal company meeting on Monday (30th). Let's see what comes out of that ?

[athertg] 27/6/2003 08:13

Welsheagle,

I don't think it means a great deal to say that they have cash of 29.5p per share. It's more relevant to look at their net tangible asset value, i.e what the shareholders would get if the company were wound up.

This is currently 16.4p per share, nearly half of the current share price. So for a loss making company they are not especially cheap yet.

[vodden] 25/6/2003 13:11

Might get back in at about 30p, waiting and watching.

[welsheagle] 24/6/2003 19:58

Can't go much lower. The cash in the bank per share is 29.5p.

[vodden] 24/6/2003 14:17

How much further will this fall?

[dutch5] 20/6/2003 11:43

Patience required here as a move off cash/share levels begins.
Once back at 40p the market will look for further information from mgt regarding the the full year results.

Great news to see that IBIS is performing above expectations and can only see ActiveBank improving as the market recovers and banks start to spend more. This will happen and 2004 is looking more likely.

[hvs] 19/6/2003 18:39

FIO reminds me of AGT

[tonyleongson] 19/6/2003 14:40

check out MBF

[badabing] 19/6/2003 13:25

Still looks like MMs have decided to take advantage today and pitched -30% as a convenient number to scare smaller retail holders out. Look at the trades, the biggest sell as only 20k shares for £6k in value so far. They'll soon be selling them back again at a higher price - talk about easy money for MMs these days.