Financial Objects Share Discussion Threads

[diku] 14/1/2004 10:57

Possible overhang cleared...stock also lagged behind in this general tech rally
despite it's problems...but still has cash...

[thinkbig?] 14/1/2004 10:30

just a bounce

[fairdinkum] 14/1/2004 08:29

And the mm's have marked them up today...

[diku] 13/1/2004 19:30

Yes, those two 100,000 look like a buy & a sell... just changing hands...

[fairdinkum] 13/1/2004 14:35

160000 trade gone through. Looks like a buy. And a couple of 100000 lots that could be either.

[diku] 12/1/2004 22:23

Notice that big X trade got deleted & then two lots of 100,000 & one lot of 7474... is somebody doing it cleverly so as not to put pressure on the bid price...was this the overhang waiting to be cleared...or is there more!!!

[welsheagle] 12/1/2004 20:13

Aren't they still developing Activebank?

[mollymolly] 12/1/2004 11:34

Trading statement on the 10th last year.

Should prove interesting.

A month ago they said:

"Financial Objects PLC said one of its Activebank customers has terminated its contract with the company. At this stage the company does not expect the customer's withdrawal from this contract to have a material financial impact on its results."

Failure of Active Bank probably spells the end of FIO. Old IBIS sites now have no migration path.

Surely FIO must severely downgrade forecasts; or was having ActiveBank rejected a one off anomaly?

Client rejection of a software solution usually signals dire consequences.

Misys not at all bullish about the market upturn so probably no relief there.

Finally with a failed product not so likely to find a rescuer at a reasonable price.

[loafofbread] 12/1/2004 10:16

Don't they owe us an end of year, pre close, company update.
Big X trade. Can't believe somebody would want them?

[diku] 08/1/2004 16:20

Yes,I was thinking the same... hope we have a rise tomorrow...

[johnv] 08/1/2004 15:33

yes. also buyers outnumbering sellers for the last five days. I tend to find a dip before the rise.

[diku] 05/1/2004 21:29

Was it in the latest techinvest??

[johnv] 05/1/2004 21:24

what is interesting is both scsw & techinvest still think this is worth a buy.

[diku] 05/1/2004 10:16

Misys could snap it up...

[fairdinkum] 05/1/2004 10:06

mollymolly, cap is £6.6m, not £10m at present share levels, I believe. See previous posts. And the mass sell off you keep trying to encourage is simply not happening. As you do not hold the shares and seem to be pursuing some sort of personal vendetta against Roger Foster your comments are not always very helpful. But I agree with you that there is always a possibility this company may get sold.

[mollymolly] 02/1/2004 11:02

Why put value on the Cash? The cash merely buys time. This company has been loss making for the last 3 years; losing millions.

Activebank has been rejected - will anyone else buy it? Misys who are in the same market are still cautious about the recovery in this market.

When Roger Foster messed up at ACT he sold out to Misys. Will there be any takers this time?

The key question is how long will the cash last and is that enough time for the company to get its act together.

Seems to me that around £10m is a massive valuation for a loss making company, in a stagnant market, with problems with its major product.


House broker says sell? another says Strong Sell and are not forecasting profits for 2003/4.

Who sees a turnaround to profit.

How long will the cash last?

How can this company be worth anything like £10m.

[blueliner] 02/1/2004 09:35

You can buy FIO for less than the cash, my estimate is 25.7p per share.
I hold nervously at an average of 37p.
Reading the last ANN again, the key words 'at this stage' I hope won't come back to haunt us, as this company or somebody running it doesn't seem to able to see in front of its nose. Why not just put in a provision now instead of returning again to the market when they've screwed up again.
Who's going to the AGM? What a shower.

[fairdinkum] 30/12/2003 13:51

It looks to me as if with the current share value their cap is around £6.6m and in October they had £7m cash?
Does anybody have any up to date factual information on what this companies business might be worth?

[mollymolly] 16/12/2003 06:41

I know its not what you want to hear, but just because it is much lower than it used to be does not make it cheap.

£7m for a Co that is not making profits and looks very unlikely to do so in the near future is a HUGE price. Cash won't amount to much in a winding up/down operation. Money is easy to spend.

We have seen the fall from £7+ to 24p and the reasons for further falls look compelling.

[diku] 15/12/2003 22:37

I don't know if guys feel the same way as I do regards to the bad news coming out on a Friday afternoon( second time)...

The warning on the 21/11/03 came out on Friday at 15.15...

The customer ends contract comes out on Friday 12/12/03 at 17.06..

Isn't this a bit suspicious as they probably feel the bad news could get lost over the w/end...

[hugepants] 15/12/2003 20:46

dinkum, Just check the last director shareholding RNS on 1/9/2003

It mentions 109,758 shares represents 0.4% of the company. Therefore there are approx (0.4% is obviously an approximation) 27.5M shares in issue.

[fairdinkum] 15/12/2003 17:32

HugePants, it is my figure and its based on 39.2m shares in issue times 24p equals £9.4m according to my calculator. Are you saying there are not 39.2m shares in issue?

[mollymolly] 15/12/2003 15:31

Fairdinkums number not mine