Financial Objects Share Discussion Threads

[kristini2] 26/2/2007 08:59

encouraging movement today; all bodes well for a rerating in the lead up to the results .imo

[johnroger] 23/2/2007 17:19

The Board of Financial Objects confirms that the preliminary results for the
year ended 31 December 2006 will be announced on Tuesday, 13 March 2007.

There will be an analyst briefing at 9.30am at the offices of Financial
Dynamics: Holborn Gate, 26 Southampton Buildings, London, WC2A 1PB.

[skyship] 23/2/2007 10:20

Verdley - thnx for that

JR - from the reaction to that 10/- buy this morning, that 50/- you spotted looks to have cleaned out the available stock. A positive build-up ahead of the 13th March Finals.

O/T:

Dubbsie - As I may have said, I already hold a few miners, a couple of duds (AFE & MIO) but also an "overweight" position in platinum play Jubilee Plats (JLP) and in Toledo (TMC); so a further investment into RDG would have been well timed but would have taken me too overweight in the sector. Incidentally, I see there is some talk concerning a tie-up between JLP & RDG. Encore Oil (EO.) seems to be a slow burner at the moment, but happy to wait for value recognition, or luck with the drillbit!

[johnroger] 22/2/2007 17:00

Somebody confident, 50000 buy at 64p

[johnroger] 20/2/2007 14:03

Good find Verdley

[verdley] 20/2/2007 10:38

From Finextra news 19/2/07

Hansabank signs for Financial Objects wealth management products

UK banking systems vendor Financial Objects has signed Baltic banking group Hansabank to its activebank wealth management technology.

The bank has licensed the vendor's activebank Wealth Manager and activebank Orchestrate products to support its private wealth management businesses across Estonia, Latvia and Lithuania.

The technology will replace several in-house developed and third party applications at the bank with a single integrated system designed to support all high net worth private client business areas.


The Microsoft-based wealth management suite includes a range of front and middle office applications.

The vendor says its activebank Orchestrate business process and workflow management tool will be used by portfolio managers to deliver frequent, high quality, Hansabank-branded reports, such as statements and valuations.

Kristel Meos, head of private wealth management, Hansabank, says: "With Financial Object's activebank solution in place, we will be able to take on more clients, confident in the knowledge that they can be supported on the same IT platform, and that future software releases will benefit all business areas of the bank at the same time."

Implementation of the technology is already underway and expected to go live in June 2007.

Gary Linieres, sales director, Financial Objects, says the software "will give Hansabank a competitive edge - internally through reduced operational costs, and externally through sharper customer service".

The vendor says Hansabank is its first wealth management client in Baltic region.

[dubbsie] 13/2/2007 09:27

SS, hope you picked up some RDG! Sorry to see your EO. not doing so well, looks like I won't get my chance to get back in here at under 60.

[skyship] 09/2/2007 16:50

Yes - so I found on google - also have merged with Merrill Lynch Inv. Managers, so is it a new holding or perhaps just a name change announcement. If a new holding, then where did they scoop that from - we'll have to see a corresponding sale RNS surely.

[johnroger] 09/2/2007 16:39

BlackRock, Inc., an investment management company, offers a range of equity, fixed income, cash management, and alternative investment products. It also provides risk management, investment systems, and financial advisory services. As of September 30, 2006, the company?s assets under management included $1.075 trillion. BlackRock offers its products and services to corporate, public, and Taft-Hartley pension plans; insurance companies; mutual funds; endowments; foundations; nuclear decommissioning trusts; corporations; banks; and individuals. The company operates in the United States, the United Kingdom, Asia, Australia, the Middle East, and Europe. BlackRock was founded in 1988 and is headquartered in New York, New York.

[skyship] 09/2/2007 16:35

So, anyone know who they are?

RNS Number:0470R - Financial Objects PLC - 09 February 2007

TR-1: Notification of Major Interest in Shares

The Company was notified on 7 February 2007 by BlackRock, Inc. that it has an
indirect interest in 3,699,267 ordinary shares of 2p each representing
approximately 8.32 per cent. of the issued ordinary share capital of the
Company.

The chain of controlled interests through which the voting rights over the
ordinary shares of 2p each are effectively held is BlackRock Investment
Management (UK) Limited.

The legal entity subject to the Notification Obligation is BlackRock, Inc., 33
King William Street, London, EC4R 9AS; Telephone: [phone]; Contact: Thomas
Hone.

[wjccghcc] 05/2/2007 11:56

Plus, the trading statement said they now had net cash of 2.7mm up from net debt of 223k at the time of the interims. They received 868k from the sale of the Danish consultancy but that means they generated 2.05mm cash in H2 which isn't bad.

[Abuse team] 05/2/2007 10:47

Post removed by ADVFN

[wjccghcc] 05/2/2007 10:46

As dubbsie says, Creditors due within 1 year probably contains a chunk of deferred income whereby maintenance cash is paid for the year upfront and that is then taken to revenue proportionally over the year. Also, I think half the increase came from the acquisition of Raft. They seem quite comfortable regarding cashflow:

"The first half saw a net cash outflow of #2.1 million, largely as a result of
the acquisition of Raft (#1.8 million net). However, the underlying business is expected to be strongly cash generative in the future, with operating cash in line with operating profits. Cash at the half year was #1.3 million."

[dubbsie] 05/2/2007 10:28

A chunk of the current liabilities will be in respect of amounts received in advance so whilst they are recorded as liabilities they will be not result in a cash outflow. This could be a significant part of the amount you are concerned about.

[liarspoker] 05/2/2007 10:08

I am watching FIO too but I am concerned about liabilities. Any thoughts ?

Edit: more specifically - creditors due within 1 year.

[dubbsie] 05/2/2007 10:06

Yes RDG doing well. Still waiting for chance to get back in here.

[skyship] 03/2/2007 09:42

Nicely consolidating @ the 60p level & an encouraging 25/- buy. Would like to see them sit here throughout the month, ready for the next 10p step up after the Finals on 13th March.

Dubbsie - you're ahead on pts with yr RDG - my EO. are frozen at the moment; but not for much longer I suspect....

[johnroger] 20/1/2007 16:59

IC comment

Financial Objects has said that second-half profits would be ahead of expectations, with double-digit growth in wealth management and energy-risk software sales. "The order book and activity in the market is as healthy as we've seen it in recent years," said financial director Peter Youngs.



The shares have risen 44 per cent since the first-half results and, trading at 12 times this year's forecast earnings, at 62p, they're still good value.

[dubbsie] 16/1/2007 13:44

Not sure about oil plays but will have look. Do look at RDG has ability to double this year and much more possible. I will still be watching FIO and will hope to buy back in.

[skyship] 16/1/2007 13:35

Bye dubbsie - I too have traded this in the past, but now am totally serious about that 80p target and don't see sufficient downside to be sure of getting back in if I banked the profit. Happy hunting - do look at those EO. by the way, I believe them to be a secure oil play.

[dubbsie] 16/1/2007 09:49

I had set target of 60p so have sold so certain to go up in a straight line from here! Hoping it will fall back as does look overbought but in a share like this that often means nothing. Hope to get back in for 55p. Good luck all

[dubbsie] 16/1/2007 09:34

Still quiet here despite the recent rises!

[johnmag2000] 15/1/2007 16:15

Does anyone know what the Evolution target actually is? The AFX release must be a misprint

[wjccghcc] 15/1/2007 14:33

Held them a few years ago - even made a profit on them - so always kept an eye on them. Seem to have transformed themselves nicely.

[skyship] 15/1/2007 11:21

My last Chart Target (Sept'06 Post no.323) was fortunately bang on - 54p at end'06. Hope i'm not being unduly optimistic with this one:


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