Financial Objects Share Discussion Threads

[stegrego] 15/1/2008 07:41

Good stuff - as expected by the few ;)

[rivaldo] 15/1/2008 07:35

Wahey :o)) This is just stupidly cheap now imho....



"Trading update

The Board of Financial Objects plc, an international supplier of software
solutions to the banking, wealth management and energy sectors, (AIM: FIO), is
pleased to announce that, following the completion of its financial year ended
31 December 2007, it expects to report an operating profit ahead of market
expectations.

The Company is scheduled to announce preliminary results on 10 March."

[masurenguy] 02/1/2008 11:36

Very quiet here - less than 30,000 shares traded over the past 2 weeks !

[techmark] 21/12/2007 08:39

I'm happy to buy undervalued assets. It's good to be contrarian.

[nicedude1976] 13/12/2007 12:30

Yes, but unfortunately it doesnt guarantee it will become expensive.

[techmark] 12/12/2007 11:52

Ridiculously cheap.

[rivaldo] 12/12/2007 11:50

A terrific announcement - excellent news to round off 2007. Worth repeating on the thread as it's a good read:



"Financial Objects signs two customers for energycredit 2.0
and announces go-live at StatoilHydro

Financial Objects signs FPL Energy and Calpine, and delivers first phase of credit risk solution to StatoilHydro's global credit teams

London and Houston, 12th December 2007 - Financial Objects, a leading provider
of software solutions for energy, wealth management and banking, today announced that it has signed two new clients for energycredit 2.0, the recently launched web-enabled version of its credit risk management solution for energy trading organisations.

FPL Energy, a leading clean energy provider based in Florida, and Calpine, a
Texas-based independent power producer, have both selected energycredit 2.0 to
provide a single view of credit exposures and subsequently improve the
efficiency of their credit risk management processes.

In addition to the web-enabled energycredit platform, the availability of the
new Analytics module was instrumental in the decision of both organisations. The module provides effective measurement of potential future exposure (PFE), which is becoming increasingly critical in today's volatile market. Both projects are now well into their implementation phase.

Furthermore, StatoilHydro, a top 10 global energy company from Scandinavia, has
successfully deployed energycredit, with its credit teams in Norway, the US, the UK and Singapore able to access the system.

'As an industry award-winning solution we were confident in our choice of
energycredit. With the system implemented in just six months our investment will soon pay off,' said Bjorn Sandmoe, head of Corporate Credit at StatoilHydro. 'We are convinced that our energy trading operations across the globe will benefit from improved credit risk management through the use of this specialist solution. We are also very pleased with the way our project team has combined efforts with Financial Objects to achieve a smooth and timely delivery into production.'

This first phase of the project has already delivered a number of key benefits
to the teams including:
• Consolidation and enrichment of information previously held in
spreadsheets and databases into a single system;
• Reduction in operational risk as all data is maintained in one location;
• Implementation of a counterparty evaluation workflow process for limit and
rating changes with access to related information for credit approvals;
• Global access to contract information, limit overviews and control reports
via the system's reporting engine.

'StatoilHydro's implementation of energycredit will see it continue to benefit
from effective management of credit exposure,' said Roland Jones, managing
director of the Energy division at Financial Objects. 'We count the world's
leading energy providers among our customer base and with the FPL Energy and
Calpine contract wins we have further enhanced our leadership position in the
energy credit risk arena. These developments conclude a year of tremendous
progress for the Energy division of Financial Objects from which both we and our growing community of clients will benefit.'"

[cocker] 12/12/2007 10:00

Great news, should have been delivered pre-market though. It remains only a matter of time before the share price rises.

[tole] 12/12/2007 09:27

Nice announcement today :)

[verdley] 07/12/2007 12:03

07/12/2007 09:00:00
UK BANK IT SPENDING TO RISE

Despite the implications of this year's global credit crunch, UK bank expenditure on software and IT services is set to grow at a compound annual growth rate of 7.7% between 2007 and 2011, according to a study by European research outfit Pierre Audoin Consultants.

More on this story:

[techmark] 06/12/2007 08:24

Trades on 2008 PEG of 0.3!!!!!!!!

Cheap as chips.

[rivaldo] 03/12/2007 15:58

Penny Share Prophet mag from Hargreaves Lansdown had this to say about FIO's interims (now available free online):

"Financial Objects (FIO):

The supplier of software solutions for the banking, wealth management and energy sectors produced good figures for the first half of 2007. On revenues 14% higher at £10.65m pre-tax profits rose 46% from £872,000 to £1.27m.

Earnings per share were up 38% to 3.3p.

Progress was seen in all of the company's areas of activity and the trend looks likely to continue into the second half. We anticipate pre-tax profits for the full year of £2.8m compared with £1.09m in 2006. This implies earnings
per share of around 6.5p, a prospective PER of 7.2. We think that a final dividend could be paid. Consider as a buy.

Price: Bid 45p Offer 49p; Sector: Software
& Computer Services; Market Cap: £20.7m"

[mirandaj] 30/11/2007 15:49

Interesting to see what Mr Lee is doing with Clearswift - an interesting web site:

[highly geared] 30/11/2007 10:48

Skyship/Rivaldo; agreed (broker just confirmed my order from yesterday so now in with you guys). Next 3 months should be interesting if the market holds up; looking for FIO to at least get back to 60-70p fair value level.

[rivaldo] 30/11/2007 10:24

Agreed - a very impressive appointment even without the implications you've pointed out Skyship.

EVO must have had something to say about the appointment today:



"Evolution reiterates buy Financial Objects with a 90p target"

[skyship] 30/11/2007 10:13

Serial investor Nigel Wray was a large holder of LNB, so likely to have been a major supporter of Jonathan Lee. Wouldn't be surprised to see him attempting to get some stock here now, as well as JL himself of course.

If I weren't so overweight already I would be adding today.

[skyship] 30/11/2007 09:45

That is a fantastic appointment - Jonathan Lee is a great addition to the Board, even if non-exec. Coincidentally I posted 12-18months ago that should FIO ever be taken over then Fair Isaac - the Company that took over London Bridge - would be my guess as the predator. Perhaps there is more to this appointment than meets the eye.

[highly geared] 29/11/2007 13:05

Skyship, awaiting confirmation but order was for 15k so hopefully done. With a decent market and a good outlook statement with the 2007 results , these should be somewhere near double current levels. Hopefully value will out, just a case of being patient.

I think the very large director buy a month or so ago speaks volumes for the prospects.

All the best.

[skyship] 29/11/2007 12:09

HG - I hope that was your 15k @ 45p. They dealt at 8:07, so steward's enquiry if your broker failed to get your stock - he had plenty of time!

RIV - thnx for the f/c reminder - & yes, timing was right, but then the chart does show the 40p support.

[rivaldo] 29/11/2007 11:09

Good to see today's recovery (and nice timing Skyship!).

FYI here are the latest forecasts - at 47.5p the 2007 P/E is 7.5...

2007 2008
Broker Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Edison Investment Research 27-11-07 None 2.86 6.40 3.47 7.50
Evolution Securities Ltd 07-11-07 BUY 2.80 6.20 1.20 3.20 7.00 1.40

[highly geared] 29/11/2007 09:30

Put in buy order for my SIPP last night @45p or less....hopefully got done first thing.

Agree with Skyship et al... fair value on fundamentals c.70p+ so massively undervalued and good buying opportunity.

All the best.

[skyship] 29/11/2007 08:43

Don't know, but certainly nice to see, especially having topped-up @ 41.5p. They were massively oversold, so perhaps just returning to a norm - to my mind that should be around the 60p level at the moment.

[papalpower] 29/11/2007 08:30

Bit lively today, wonder if something is happening, buy tip note ?

[skyship] 21/11/2007 09:51

Well spotted Rivaldo - thnx for that.

As far as our share price is concerned, I suppose it is down to the basic problem of holding a tertiary AIM stock in a bear market. I have ignored all the bad TA indications simply because I believe in the business, now there is no point in selling as 40p is the solid base support - and we are practically there!

Oh well, only two months to wait until we get the mid-January Trading Statement ahead of the mid-March Finals; and we should get further contract win news ahead of that January update.

Value will out at some stage, but it would seem that the only way we're going to get a "fair" valuation is on a takeover......could happen I suppose.