Financial Objects Share Discussion Threads

[nicedude1976] 21/11/2007 09:43

where is the bottom - 40 or lower ?

[rivaldo] 20/11/2007 16:19

Barclays are hugely expanding their wealth management arm - seems like FIO's area of expertise isn't doing quite as badly as the rest of the sector!



"Barclays Wealth is to hire a further 800 people worldwide as part of the investment company's ongoing recruitment drive.

The firm is looking to fill as many as 800 new roles as it continues to invest strongly in the growth of the business, and its expansion into new markets.

The 800 new jobs at Barclays Wealth will add to the 1,700 people that have been recruited to the firm internationally since the start of 2006.

Roles available will include program and project managers, investment operation specialists, and internationally experienced professionals in core areas such as risk management, compliance, marketing, finance and human resources.

The majority will be located in the Barclays Wealth Global Service Support hubs in Glasgow, London, Geneva and Singapore and the new push on recruitment is in direct response to the demand generated from the "explosion of wealth" around the world, according to the company."

[nicedude1976] 19/11/2007 14:57

Not looking great - looks like it wants to fall even lower...

[rivaldo] 12/11/2007 20:07

Good to see a rise here on a bad day for AIM shares.

Someone evidently decided that at 48p, a company on a 2007 P/E of 7.6 and a 2008 P/E of 6.6, with £3.7m net cash against a £21m m/cap, wouldn't be a bad buy.

And who could blame them?!!

[cocker] 10/11/2007 10:55

8k buy was mine Tole.I intend to add further if market turmoil sends them down with the market. On current p/e they are a steal.

[affc21] 09/11/2007 20:11

FINANCIAL OBJECTS: Financial Objects receives accolades from Financial Insights and Chartis Research

Thursday, November 08, 2007; Posted: 05:03 AM


London, Nov 08, 2007 (M2 PRESSWIRE via COMTEX) -- FNLOF | charts | news | PowerRating -- Financial Objects, a leading provider of advanced technology solutions for banking, wealth management and energy, today announced that - for the first time - it has entered the FinTech 100. In further industry recognition, Financial Objects has also been placed in Chartis Research's RiskTech 100.

Published by American Banker and research firm Financial Insights, the FinTech 100 is an annual international listing of the top vertical technology vendors that derive more than a third of their revenue from the financial services industry. Financial Objects achieved the ranking based on the growth of its Banking and Wealth Management divisions, which comprise core banking, operational risk and wealth management solutions.

The Chartis Research RiskTech 100 is a comprehensive market assessment of the top 100 risk technology firms. Financial Objects gained its ranking from the success of its operational risk solution, radar, and its energy credit risk solution, energycredit, which this year alone has been selected by firms that include Statoil and E.ON Sales & Trading.

"We're delighted to receive these accolades, which are reflective of the continued progress of our key divisions - Banking, Wealth Management and Energy," said Karim Peermohamed, CEO of Financial Objects. "With a significant number of customer wins, growth from existing business, and several important senior appointments, these rankings reinforce an extremely active year so far for Financial Objects."

[tole] 09/11/2007 13:10

Someone was quick with 8k at 46.9 - WINS didnt stay down there for long.

[tole] 08/11/2007 08:09

Thx Rivaldo - nice solid read :))

Still see these as very cheap - and another good op to buy again today sub that 50p :))

[rivaldo] 07/11/2007 16:11

Nice - from this week's Shares Mag:

"Fullager boosts stake

Paul Fullager, the chairman of software designer Financial Objects (FIO:AIM) has bolstered his stake in the firm after buying two million shares at 45p each, worth £900,000. Two of his boardroom colleagues, chief executive Karim Peermohamed and finance director Peter Youngs, were also at it, swooping for
50,000 shares a piece. The shares were hovered up from former chairman Roger Foster, who retired in May, and they leave Fullager with 6.8 million shares in
total, worth roughly £3.67 million.

The Covent Garden-based firm is enjoying a trading purple patch at present, with half-year figures in September showing a profits hike of 46% thanks to a
14% jump in revenue.

House broker Evolution Securities predicts EPS of 6.2p this year, before rising to roughly 7p in 2008. That means the shares, currently changing hands
for 53p, trade on a PE of just nine, falling below eight next year.

Shares says: Recent record is encouraging, as is this vote of confidence from directors.

Buy"

[techmark] 01/11/2007 07:58

Wealth Management up 32% at Credit Suisse. A very nice growth sector for FIO.

[melody9999] 29/10/2007 17:39

Hi Diku - the actual RNS says 'This momentum is set to continue in 2008
and Financial Objects is planning to announce further wealth management customer
wins in the coming months.' TFNF have then highlighted this sentence from the middle of the RNS.

My guess is they can see from the sales pipeline that they will convert more customers - even if only a proportion - and that this sentence was inserted as a natural follow through from the appointments without the expectation that it would be highlighted by TNFN.

I did buy below 50p - and I plan to add shortly - especially if the share price drifts a point or 2 before the next leg up.

[diku] 29/10/2007 16:25

Good luck to those who bought below 50p...however I am a bit curious and suspicious regarding the RNS of 24 Oct...Early in the morning they come out and say they plan to announce further customer wins in the coming months...so this is not signed yet??..surely this is a bit like putting the cart before the horse...and then later in the day the RNS comes out of Director buys...are they trying to put a good spin to boost the share price and get some attention??...

[affc21] 27/10/2007 20:24

Pretty much what we already knew, as of the above posting - but nice to see FIO in the press (spreading the word).

[affc21] 27/10/2007 19:55

From Bobsguide (The Guide to Software & Technology in Asset Management, Banking & Risk Management)



Financial Objects strengthens wealth management division with key appointmentsLondon - 24 October 2007 Financial Objects plc, an international supplier of software solutions for the banking, wealth management and energy sectors, (AIM: FIO), today announced that it has appointed Mark Measham as operations director and Brent Randall as business strategy director of its wealth management division. These appointments are further evidence of Financial Objects' ongoing investment in this sector.

Over the last two years, Financial Objects' wealth management team has achieved significant growth and success in the market. Recent contract wins include Concorde Bank, Sand Aire and Hansabank. This momentum is set to continue in 2008 and Financial Objects is planning to announce further wealth management customer wins in the coming months.

In his role as operations director, Mark Measham is responsible for the smooth running of all operational processes, from project delivery and customer support to ongoing software development. Measham heads Financial Objects' wealth management professional services team as well as all support and development staff, and is tasked with ensuring the highest standards of operational performance and customer service for the division. Measham has ten years of project management experience and previously worked as a development director at financial services provider Charles Schwab Europe, where he was leading large scale systems implementation and change management programmes.

Formerly an associate director with global financial software company DST International, Brent Randall brings a great deal of experience and in depth understanding of the asset management software business to Financial Objects. His role is to help define the ongoing priorities for new product functionality, identify opportunities in new geographies and market segments, and work with existing clients to ensure continued growth for the wealth management division.

"Both Mark and Brent are highly experienced in their respective fields and in delivering these services to the global investment market," said Gary Linieres, managing director of the wealth management division, Financial Objects. "I expect that 2008 is going to be a successful year in terms of growth for our industry and we intend to be central in this transition by ensuring that our solutions continue to meet the specific business needs of our customers."

[melody9999] 25/10/2007 17:46

Nice move today and a nice quiet board. good news on both counts. I am sure FIO is bound to get some weekend press and - guess what - new visitors to this board will all be buyers! I'd like to see a dip tomorrow to add some more but not sure I am going to be that lucky!

[skyship] 25/10/2007 14:43

Thanks Riv & Mir - must have been using the wrong glasses!!!

I see the gap up is already half-fulfilled. 54-56 as I type....

[tole] 25/10/2007 14:32

Also noted this release on citywire earlier today in relation to teh recent Sand Aire contract...



Sand Aire plugs in to Financial Objects

Published: 13:16 Thursday 25 October 2007
By: Michelle McGagh, News Reporter


Financial Objects will supply its wealth management software to UK-based national Sand Aire, an adviser to families, trusts and charities.

Sand Aire hopes that the activebank technology can enhance its portfolio management and client reporting and aid the expansion of the business. Sand Aire specialises in investments for families and trusts over generations.

Paul Reynolds, director of wealth management at Sand Aire, said: 'Having a robust but flexible system is essential to meet the needs of our clients.'

[diogenesj] 25/10/2007 14:20

Well, that is all very encouraging. Bought in again this morning.

[mirandaj] 25/10/2007 13:38

* Evolution reiterates buy Aviva with a 970p target, has an add and £20.50 target for Royal Dutch Shell, an add and £30 target for Reckitt Benckiser, a buy and £15.75 target for GlaxoSmithKline, a buy and 90p target for Financial Objects, a buy and 575p target for Eros and a buy and 330p target for Bodycote

There it is SKYSHIP

[rivaldo] 25/10/2007 13:36

Skyship, it's definitively just you :o)) Look at the Evolution section of broker tips on that page....

[skyship] 25/10/2007 13:14

rivaldo - couldn't find any mention of FIO on that link in yr 117 above! Is it just me?

[nicedude1976] 25/10/2007 12:36

oh dear, no more bargain price, p/e going to double digit soon ;)

[glasshalfull] 25/10/2007 09:25

Thanks Rivaldo....all bodes well.

Regards,
GHF

[rivaldo] 25/10/2007 09:23

From Citywire today - 90p here we come with the overhang cleared:



"Evolution..has....a buy and 90p target for Financial Objects"

[affc21] 25/10/2007 08:28

With that news, there should be no holding back the share price now.
But what a vote of confidence from the chairman Paul Fullagar, with the purchase of 2,000,000 shares for the business going forward.



And not forgetting we are expecting news flow over the coming months or so, which will hopefully give the share price further lifts.

Financial Objects Trade Release

RNS Number:2356G
Financial Objects PLC
24 October 2007

Over the last two years, Financial Objects' wealth management team has achieved
significant growth and success in the market. Recent contract wins include
Concorde Bank, Sand Aire and Hansabank. This momentum is set to continue in 2008 and Financial Objects is planning to announce further wealth management customer wins in the coming months.

Full RNS here: