Financial Objects Share Discussion Threads

[fairdinkum] 20/11/2003 13:46

Thanks both for your comments. Maybe have to wait until December results to have some light shed on things, but I agree it does not look wonderful. I think I shall go and do a bit of gardening.
Well done loafofbread in spotting the press release.

[mart001] 20/11/2003 13:38

PuBer

If your "whisper" is correct it is a shame. I know of another midlands software company that has started to move its development east. I feel it is mainly the company bean counters who think this is a good idea. In the medium to long term it is a lousy idea, it disheartens the current staff and seldom works out a well as the bean counters thought it would.

[puber] 20/11/2003 13:21

A markdown of 8.5% is fairly serious, I think.

Actually, since I know nothing about the systems they have just been licensed to sell, it's hard to say whether the news is good or bad. If, as has been suggested here, they want a new product to sell because their own is no good, then a lot of cash has gone down the drain for nothing, and revenues from a licensed product will never match those of a home-grown one.

On the other hand, if the product they have just licensed is aimed at an different market (although how many different kinds of bank are there?), and they still have hopes for their own product, then this could be good news.

I have heard a whisper that they are thinking of re-locating their software design abroad.....

[loafofbread] 20/11/2003 13:18

Looking at the link to FIOs new friends you see how feeble FIO are.
Okay they may have a nice bit of kit but the company is small, loss making and its only the cash pile that is keeping them going. If I was buying for a bank I'd want to be sure the company would still be here in a few years time.
Unless they get the sales moving, and the longer it takes the less chance they have of geting out of this hole we're in. Take it private and give me my money back.

[fairdinkum] 20/11/2003 13:03

Why do you say 'the market thinks this is bad news', PuBer? I know the mark down is obvious, but there seems to be miniscule trade in the shares so the market has not voted with their feet, at least not yet?
This is another old dog in my portfolio I should probably have weeded out ages ago but I live in hope. I am just wondering if now is the time to dump it, or let it malinger a little longer.

[puber] 20/11/2003 12:05

Thanks - found it. The market obviously agrees that this is bad news.

[loafofbread] 20/11/2003 11:54

Sorry, investors bit then PR.
Nice markdown anyway.

[loafofbread] 20/11/2003 11:12

Enter the I need to know bit at the top and then look at press releases.

[puber] 20/11/2003 11:07

I can't see anything, could you give us a link?

[johnv] 10/11/2003 15:02

starting to tick up. sooner or later, someone other banking software company going to buy them up.

[maty] 22/10/2003 09:09

I think this baby is going to blow, good director buying in a market ready to move, new updated software after hardware spenind increases. Looking good for dec, I think IMHO

[savernake] 21/10/2003 23:04

Not much news flow lately. However the current Sibos trade show is a good platform to showcase the new ActiveBank product. Basel II requirements will drive a new round of tech spending by banks in 2004.

[vodden] 21/10/2003 14:21

loafofbread: Do you think the news on FIO'S site could start to filter through into a share price recovery?

[loafofbread] 14/10/2003 09:02

www.finobj.com

[argy2] 14/10/2003 09:00

loafofbread

Have you the address handy please?

[loafofbread] 14/10/2003 08:42

If anyone still holds these there are a couple of news releases on the website.
They look quite upbeat, but this is FIO!!

[vodden] 18/9/2003 16:50

ANYONE KNOW WHO BOUGHT THE 120K IS THERE GOOD NEWS ON THE HORIZON?

[savernake] 03/9/2003 21:14

The need for banks to meet Basel II requirements over the next couple of years should help to drive sales of ActiveBank, especially the Treasury & Capital Markets module. Patching up existing systems to get real time risk, position and profit may not be cost effective. Basel II is a much bigger issue for banks than Y2K ever was.

The larger banks are already setting up the data warehousing and risk reporting systems to meet the requirements the accord (see Lloyds TSB study at For many smaller banks, the market for ActiveBank, the cost-benefit analysis may favour migration to new operational systems that offer greater functionality in addition to capturing data in a way that makes risk management reporting for Basel II possible. Any bank failing to meet the requirements of the accord will find it affects their institutional risk score and cost of capital.

[welsheagle] 01/9/2003 20:04

RNS Number:2422P
Financial Objects PLC
01 September 2003


SCHEDULE 11

NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS


1. Name of company 2. Name of director

Financial Objects plc David Carruthers


3. Please state whether notification indicates that it 4. Name of the registered holder(s) and, if more than one
is in respect of holding of the shareholder named holder, the number of shares held by each of them (if
in 2 above or in respect of a non-beneficial notified)
interest or in the case of an individual holder if
it is a holding of that person's spouse or children David Carruthers
under the age of 18 or in respect of an
non-beneficial interest

As above


5. Please state whether notification relates to a 6. Please state the nature of the transaction. For PEP
person(s) connected with the director named in 2 transactions please indicate whether general/single
above and identify the connected person(s) co PEP and if discretionary/non discretionary /non
discretionary
As above
Exercise of share options pursuant to Financial Objects
Executive Share Option Scheme


7. Number of shares/ 8. Percentage of issued 9. Number of shares/amount of 10. Percentage of issued class
amount of stock class stock disposed
acquired
0.36%
100,000



11. Class of security 12. Price per share 13. Date of transaction 14. Date company informed

Ordinaries Options exercised at 29 August 2003 29 August 2003
strike price of 10p

15. Total holding following this notification 16. Total percentage holding of issued class following this
notification
109,758
0.4%
(comprising 100,000 shares held in own name and
9,758 shares held in name of spouse, Janet
Carruthers)



Name and signature of authorised company official responsible for making this notification


Date of notification _____________________20 _________




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

[welsheagle] 01/9/2003 20:04

RNS Number:2422P
Financial Objects PLC
01 September 2003


SCHEDULE 11

NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS


1. Name of company 2. Name of director

Financial Objects plc David Carruthers


3. Please state whether notification indicates that it 4. Name of the registered holder(s) and, if more than one
is in respect of holding of the shareholder named holder, the number of shares held by each of them (if
in 2 above or in respect of a non-beneficial notified)
interest or in the case of an individual holder if
it is a holding of that person's spouse or children David Carruthers
under the age of 18 or in respect of an
non-beneficial interest

As above


5. Please state whether notification relates to a 6. Please state the nature of the transaction. For PEP
person(s) connected with the director named in 2 transactions please indicate whether general/single
above and identify the connected person(s) co PEP and if discretionary/non discretionary /non
discretionary
As above
Exercise of share options pursuant to Financial Objects
Executive Share Option Scheme


7. Number of shares/ 8. Percentage of issued 9. Number of shares/amount of 10. Percentage of issued class
amount of stock class stock disposed
acquired
0.36%
100,000



11. Class of security 12. Price per share 13. Date of transaction 14. Date company informed

Ordinaries Options exercised at 29 August 2003 29 August 2003
strike price of 10p

15. Total holding following this notification 16. Total percentage holding of issued class following this
notification
109,758
0.4%
(comprising 100,000 shares held in own name and
9,758 shares held in name of spouse, Janet
Carruthers)



Name and signature of authorised company official responsible for making this notification


Date of notification _____________________20 _________




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

[welsheagle] 01/9/2003 20:04

RNS Number:2422P
Financial Objects PLC
01 September 2003


SCHEDULE 11

NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS


1. Name of company 2. Name of director

Financial Objects plc David Carruthers


3. Please state whether notification indicates that it 4. Name of the registered holder(s) and, if more than one
is in respect of holding of the shareholder named holder, the number of shares held by each of them (if
in 2 above or in respect of a non-beneficial notified)
interest or in the case of an individual holder if
it is a holding of that person's spouse or children David Carruthers
under the age of 18 or in respect of an
non-beneficial interest

As above


5. Please state whether notification relates to a 6. Please state the nature of the transaction. For PEP
person(s) connected with the director named in 2 transactions please indicate whether general/single
above and identify the connected person(s) co PEP and if discretionary/non discretionary /non
discretionary
As above
Exercise of share options pursuant to Financial Objects
Executive Share Option Scheme


7. Number of shares/ 8. Percentage of issued 9. Number of shares/amount of 10. Percentage of issued class
amount of stock class stock disposed
acquired
0.36%
100,000



11. Class of security 12. Price per share 13. Date of transaction 14. Date company informed

Ordinaries Options exercised at 29 August 2003 29 August 2003
strike price of 10p

15. Total holding following this notification 16. Total percentage holding of issued class following this
notification
109,758
0.4%
(comprising 100,000 shares held in own name and
9,758 shares held in name of spouse, Janet
Carruthers)



Name and signature of authorised company official responsible for making this notification


Date of notification _____________________20 _________




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

[johnv] 22/8/2003 16:42

17500 bought by a director and the price has nearly recovered all of its recent fall.

[vodden] 20/8/2003 23:52

hvs: this sort of comment hardly helps. i am sure that now that Roger Foster has returned from retirement we shall soon see signs of improvement.