Financial Objects Share Discussion Threads

[skyship] 05/4/2006 14:16

3m shares traded @ 43.5p - that's 7.6% of the issued cap!?#~

Presumably we'll see a corresponding sale later and an RNS tomorrow.

Any guesses as to who exited; and more importantly - who bought?

(NB: A further thought is that the three smaller trades add up to the same figure of the largest trade - ie 1.505m - so it could just be one large holder tax dressing on the final day.....who knows....)

[drunker50] 05/4/2006 11:34

TRIPLE WOW, another 1.5million buy, this is going to pop soon.

[drunker50] 05/4/2006 11:32

WOW, followed by a 640k buy, keep um coming.

[drunker50] 05/4/2006 11:31

WOW a 841k buy, someone knows which way this is going.

[tell it as it is] 30/3/2006 16:47

Down 3p today after a period of decent volume and stability. Looks awfully as if there was some stabilization after the Raft offer was declared unconditional and that that just ended. Hope I'm wrong.

[Abuse team] 18/3/2006 00:55

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[Abuse team] 16/3/2006 21:21

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[Abuse team] 16/3/2006 21:16

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[skyship] 16/3/2006 17:24

Now those are the sort of option grants I have no objection to whatsoever:

# Striking price at current level

# Performance conditions attached

I rather like the final sentence "...The performance condition will not apply in the event of a take-over of the Company....". As a crude capitalist managing my SIPP, I am only here for the potential share price growth; and though I believe the share price will make a profits-related advance, I also believe that FIO will be taken out at a far higher price later this year.

Fair Isaac of the US, "one of the world's leading providers of analytics
applications and decision management solutions" would be my guess. They were the bidder for LNB a couple of years ago.

16 March 2006
Financial Objects plc
Grant of Options


Financial Objects plc ("the Company") announces that on 15 March 2006 it granted
options under its 2006 Share Option Scheme (adopted on 13 March 2006) over a
total of 1,104,253 ordinary shares in the Company at an exercise price of 45.5
pence per share to directors of the Company, as follows:


Name of director Number of shares
David Carruthers 183,375
Stewart Foster 274,725
Karim Peermohamed 329,670
Peter Youngs 316,483

These options are normally exercisable between the third and tenth anniversaries
of the date of grant, subject to the satisfaction of a performance condition.
The condition requires the growth in earnings per share (adjusted to eliminate
goodwill amortisation and exceptional items) of the Company over the period of
three financial years commencing 1 January 2006 to exceed by at least 15%
(compound) the growth in the Retail Prices Index (all items) over the same
period. The performance condition will not apply in the event of a take-over of
the Company.

[Abuse team] 15/3/2006 19:14

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[skyship] 15/3/2006 19:13

Surely there was never any chance or reason for DP hanging around. Far better for all parties that he moves on early. Got to disagree with you on this occasion RAM - I believe it to be a positive move.

Incidentally, on his subscriber website ( top chartist ZAK MIR today interprets the share price as good for 60p in short order. Thereafter 80p by end'06 is my view!

[mdchand] 15/3/2006 14:55

Subject: Financial Objects - Active progress

Financial Objects has reported strong preliminary results which show a sharp improvement in profitability and robust 9% organic growth. Looking forward, the outlook comments are robust and forecasts remain largely unchanged, except for the inclusion of Raft. This lifts normalised PBT of 1.9m and leads us to upgrade our price target to 53p. We retain our Buy recommendation.

[rambutan2] 15/3/2006 12:43

yes, i was rather surprised at the speed of david priestley's departure. would make me a bit nervous.

[mollymolly] 15/3/2006 12:20

Certainly Foster's record is dubious.

However, I am impressed that FIO has survived having Activebank dropped by a customer at end 2003. That sort of thing can be fatal.

At that time I was predicting the demise of AFA & FIO. Looks I was was only 50% correct.

MDS could only be bought if the large shareholders give up the ghost. No chance at present indications are for a substantial recovery at MDS.

[diku] 14/3/2006 21:31

Could MDS be next target...any views...

[tell it as it is] 14/3/2006 16:07

Letting the Raft CEO David Priestley go so quickly seems very very odd. I heard he was the driving force behind Raft's Energy sector sales. Most products don't sell themselves so this would seem rather a bad start. But then it will be a cost saving and no doubt accounted for below the line as extraordinary acquisition cost so that the gain will be immediate and the drop in sales only evident after a few months. Watch out for another acquisition in 6 months based on the accounting uplift. ACT here we go again; how long until it ends in tears ?

[mdchand] 14/3/2006 11:40

broker note from abn issued today

Software/Computer Services
¦ Financial Objects* (United Kingdom, FIO.L, 42p MC £19m, Buy)
Charles Brennan + 44 (0) 207 678 7434

Objects has announced solid prelims which show a considerable improvement in profitability with norm PBT of £1.0m
(vs £0.3m last year) on sales up 46% to £13.9m. These numbers are helped by the acquisition of Wealth Management
Software which contributed sales and operating profits of £3.6m and £0.4m respectively. However, organic growth was
also encouraging at 9% with strong growth in the core Activebank division more than offsetting a modest year-on-year
sales decline in IBIS. Looking forward, the outlook comments are reassuring and point to higher sales activity across all
product lines than in any recent year. As a result, following the acquisition of Raft (and research blackout) we are likely
to reinitiate with 2006 norm PBT of £1.9m (up from £1.7m previously) and earnings of 4.2p (unchanged). In terms of
valuation, we think that a profitable software company should trade on at least 1x sales which suggests a target price
of 52p.

[ronmikeh] 14/3/2006 09:35

The best time to buy is when not on anybodies radar. A very good recovery story.

[skyship] 14/3/2006 08:06

Nothing startlingly new, but a very respectable set of numbers and the outlook looks positive to say the least. Everything confirms that FIO looks well set for the future; and the chart pattern suggests that we could make another sharp step forward.

Perhaps favourable press coverage might stimulate such a move; as, at the moment, FIO doesn't appear on many people's radar

[tell it as it is] 04/3/2006 23:38

What will be interesting will be to see what shares the significant Raft shareholders (i.e. the former Raft directors) are left with - which will presumably be notifiable if they are over 3% which at least 2 of them should be. That will show whether they have taken mainly cash or shares and how much of an overhang there still is if any.

[dubbsie] 03/3/2006 12:55

Raft holders given option to take more cash and not shares so unlikely there will be significant selling by ex-Raft holders IMO

[skyship] 02/3/2006 16:58

Someone certainly showing optimism - a 350/- BUY @ 43.5p. Paul Fullagar again perhaps; that certainly would be bullish! Where is the corresponding sale - An "L" trade tomorrow?

The question in the short-term is have the Board & Advisors prepared themselves for any stock being sold by ex-Raft holders, regardless of price . Remember the fiasco after the WMS acquisition when the price drifted daily for a fortnight and the share price was then down 25%. Most likely the reason for the departure of the then FD.

Different this time I suspect.

[johnroger] 02/3/2006 16:49

Financial Objects claims 87.7 pct of Raft
LONDON (AFX) - Financial Objects PLC said that by 1.00 pm yesterday, valid
acceptances of the offer made by the group for Raft International had been
received in respect of 58,247,741 Raft shares, representing approximately 87.7
pct.
Financial Objects said the offer is expected to be declared wholly
unconditional tomorrow.
[e-mail]

[Abuse team] 11/2/2006 15:13

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