Lombard Risk Management Share Discussion Threads

[simon gordon] 14/9/2016 10:22

TechMarketView - 14/9/16:

Lombard Risk revamp accelerates with Cloud offering

It is nine months since the arrival of the new CEO at Lombard Risk, the specialist provider of collateral management and regulatory reporting solutions (see Mr. Brown goes off to town…). He and his new management team are making their presence felt. Alongside a more up-to-date branding and a much tighter focus on key products, the company has now launched a new cloud version of its collateral management product, COLLINE. This should open up significant market potential and drive growth in recurring income and, in the medium term, margin.

The new cloud product replaces a clunky earlier version and offers rapid deployment, a modular structure and scalability. In addition, more and more companies are being drawn into the regulatory net and Lombard has been building its sales force to take advantage of this trend.

We should also see additional progress through Lombard’s investment in partnerships, particularly with Oracle, where Lombard provides the reporting element to Oracle’s regulatory platform proposition.

Full year results announced in May showed a loss, see here, as development expenses rose and as management continued its clear-out and strategy of tighter focus. The recent placing, which raised £8m, has provided funds for the planned re-organisation and the investment both in new products and a larger sales team. Brokers are suggesting a good revenue performance in 2017, but with a move into losses at the adjusted EBITDA level. Forecasts further out currently test credulity, but the management are ambitious. Also, the strategy makes clear sense as the company looks to build on its market position.

The cloud launch is a clear sign of progress, but the new leadership team needs to ensure faultless execution of its overall plan to convince observers of the company’s transformation.

[dice1950] 24/8/2016 04:50

Lombard Risk Management (LRM) 4 STAR BUY
Resistance1: 9.00 Resistance2: 10.51 8.375

[dice1950] 24/8/2016 04:28

German Securities Finance Summit V

Details
Hilton Frankfurt
Hochstraße 4
Frankfurt

Germany
Date
1 Sep, 2016
Time
9:30
Lombard Risk is attending this year’s German Securities Finance Summit V in Germany on the 1st September.

The fifth annual Global Investor/ISF German securities finance event brings together market participants and clients to discuss creating value amid challenging market conditions and rapid regulatory development.

[dice1950] 24/8/2016 04:25

Focus: Regulatory
Online / Dial-in without leaving your office/desk
FREE / Live presentation

Date
7 Sep, 2016
Time
10:30am (London - GMT) Duration - 1 Hour

[aimsharesone] 23/8/2016 23:31

Lombard Risk Management (LRM) software licensed by Oracle
Tuesday, August 23, 2016 3:14 PM PDT

[dice1950] 23/8/2016 11:55

Lombard Risk Management's two-year plan is off to a positive start  via @ThisIsMoney

[dice1950] 22/8/2016 21:17

Lombard Risk (LRM) 4 STAR BUY

[dice1950] 22/8/2016 10:00

Lombard Risk appoints senior regulatory consultant in the Americas
18 August 2016



Lombard Risk Lombard Risk Management plc (LSE: LRM), a leading provider of integrated regulatory compliance, collateral management and reporting solutions for the financial services industry, has appointed David Howard to Senior Regulatory Consultant, Americas.
In the newly created role, David will be keeping clients abreast of the latest regulatory changes in the market and ensuring that the technical specification of Lombard Risk’s flagship regulatory reporting solution, AgileREPORTER® is delivering robust data acquisition, compilation and computation.

AgileREPORTER® is particularly suited to large financial services firms with complex reporting requirements and enables them to maximise data quality by automating previous manual reporting processes.

David most recently worked with some of North America’s largest financial institutions, including Bank of America and Citigroup where he developed and enhanced internal audit procedures related to regulatory compliance, governance, market risk management and data integrity. Prior to this work, David worked for KPMG LLP as a Senior Manager of Valuations.

Alastair Brown, Lombard Risk’s Chief Executive Officer comments: “Lombard Risk is seeing strong growth in its North American business, which is being driven by increasingly complex regulatory requirements and the need for financial services firms to demonstrate clear compliance trails whilst reducing the cost of compliance at the same time.

“The region remains an important area of investment for us, and we are focused on securing the best talent to drive the business forward. We are delighted that David has joined us at this time of rapid development. He has an excellent track record in regulatory reporting and is well suited to deliver our flagship solution to our clients, which are some of the largest and most prestigious financial institutions in the world.”

David Howard, Senior Regulatory Consultant, Americas says: “Lombard Risk is an exciting, growing business that is at the forefront of regulatory reporting technology. I’m delighted to be joining such an innovative team and look forward to helping Lombard Risk’s clients navigate the complex regulatory environment with agile and robust reporting solutions.”

[dice1950] 22/8/2016 09:17

lrm/LOMBARD RISK BUY
Target price
9.736p
Potential
+18.74%

[higher aim] 19/7/2016 14:53

I see both Statpro and Brady posted good trading updates today (as in numbers achieved, the latter moving back out of loss). LRM is very much the outlier here in underperfomance and in planned underperformance.

[higher aim] 15/7/2016 00:27

Shocking to see this stock hit a 5 year low on the day that the S&P hits a new record high. This is nothing to do with the market but everything to do with recent management decisions to spend vast amounts of money and trouser big pay rises and bonuses while kissing goodbye to shareholder value. The new ex RBS CEO got a bonus of £50k for his first 4 months work but has already managed to drive the share price down by 40% since he joined. Time to cut back on their ludicrous spending plans or let someone else do the job better. This is a good company that could be worth far more if it were managed less recklessly.

[rathkum] 12/7/2016 16:10

A market cap. of £32m is far too rich for a company that has struggled to make a decent profit. Remains uninvestable until my 6p target is reached

[tsmith2] 17/6/2016 11:17

Value being destroyed here

[davidosh] 02/6/2016 12:49

I am not a shareholder but why have a 9am Agm in central london if you want to engage with your shareholders ? Why should we fight through rush hour traffic and full train carriages ? Total lack of consideration for shareholders...

[2vdm] 27/5/2016 14:14

I wouldn't go near this now until there is news of sales/contracts. It's a shame as I always thought this one had a chance, but I always get concerned when tech companies start/continuosly capitalising R&D costs. Paul Scott (Stockopedia 26/5/16) has written an article on it. I agree with his conclusion "I don't like it. The business consumes cash, and is always promising jam tomorrow. Who knows, it might succeed in the end, by why speculate on that? I'd only be prepared to take a punt at a much, much lower share price, if at all. I can't see much evidence that the equity is worth anything, based on historic performance." - See more at: hxxp://www.stockopedia.com/content/small-cap-value-report-26-may-2016-hsw-deb-lrm-132923/#sthash.s53sztgh.dpuf

[mrpotatohead] 25/5/2016 08:08

Yes john i agree. also interesting to learn where the company is in its development cycle.

[tell it as it is] 23/5/2016 20:35

With the results out this week it will be interesting to see where they think the £29.5m forecast through Panmure will come from. And what the monthly cash costs are already with and without bonus provisions. And what the exchange rate assumptions in that number are given that this year the company has had a tail wind from a falling pound which may reverse next year if Britain stays in the EU.

[2vdm] 29/4/2016 11:53

Well said Techno.Like you I got out with a small profit (very small), but glad I did. I'll keep watching and hope things change.

[techno20] 20/4/2016 20:15

It is with some sadness that having been reducing steadily since JW departed, I sold my last few LRM shares this morning. I bought originally in Nov 2006 and have subsequently bought / sold the stock over 20 times during the last decade, but I'm afraid I've had enough.

Thankfully with big chunks of my holding bought at 4p and 6p, I've made a few pounds over the years, but unfortunately as an investment LRM has to be classified as a perennial disappointment. Yesterday's trading statement was like so many before it - lots of optimism, but an adject failure to translate a massive (unprecedented) market opportunity into profit.

The only way LRM is going to produce a decent return is if the business is taken over / merged and significant head office costs can be cut, and development costs spread over a larger client / revenue base. I've been expecting the business to be taken out for years and was expecting a mid 20's value on the shares. Given the clear need for ongoing investment means profits look like 2+(?) years away, I can't see a takeout at much more than mid to late teens. As such, there are better opportunities out there and if the new CEO fails to raise the top line aggressively, a £30m valuation is going to look very generous indeed.

I hope I'm proved wrong and shareholders with better timing / more patience(!) than me are rewarded.

GLA

techno

[thomasthetank1] 19/4/2016 12:21

Read Panmure Gordon & Co's note on LOMBARD RISK MANAGEMENT, out this morning, by visiting hxxps://www.research-tree.com/company/GB00B030JP46
"As Lombard Risk Management draws a line under a year of significant change, we think that the company will continue to grasp the nettle in 2017E as it drives significant revenue growth from its new operating model, sharper product focus, better sales execution and expanded sales ecosystem (chiefly, at this stage, Oracle). While 2016E features better than expected revenue and (most pleasingly) cash, we reduce profit estimates in line with revised guidance – to a £2.3m PBT loss, from a small profit, PBT £0.6m, previously. For 2017E we expect a significant improvement in revenue, £29.5m from £25.3m previously, with a break even at profit. In our view the moves by the new management team are correct, and the early evidence suggests that they are gaining positive traction, while cash generation surprises on the upside. Today, the future outlook seems better and more secure and hence we retain ..."

[aishah] 19/4/2016 11:23

Picked up a chunk on the early weakness post the update today.
"The board has renewed confidence in the outlook for the company following the changes that have been implemented throughout the last financial year," Crawford said.

"This confidence is supported by the signing of a number of significant contracts for new modules of the company's COLLINE product that enable clients to comply with forthcoming regulatory requirements, including IOSCO, together with the formalisation of the company's partnership with Oracle to sell AgileREPORTER alongside Oracle's OFSAA platform. These initiatives will require continued investment into the new financial year as the company positions itself to take advantage of these and other opportunities," Crawford said.

Panmure retains BUY and 15p target