Updates

Financial Objects - Dredging the bottom of the software sector

February 2006

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Financial Objects has acquired another of the software sector’s living dead. It is buying Raft for £4m, a supplier of risk management software which has been on the block for a while having unsuccessfully attempted to sell itself to Sunguard a year ago. This time the deal is cut and dried with irrevocable undertakings to accept the offer in respect of 64.2% of Raft’s issued capital. Financial Objects is paying for Raft in a mixture of cash, shares and loan notes. With Financial Objects holding cash of £2.3m at the last year end and assuming shareholders elect to take their maximum cash entitlement of £1.6m, Financial Objects will be left with cash of only £0.7m - this explains why it has introd ...

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Financial Objects (June 2008)

Financial Objects (April 2008)

Financial Ojects - Financial dislocation creates no problems (February 2008)

Financial Objects (April 2006)

Financial Objects (December 2005)

Financial Objects (September 2005)

Financial Objects - Acquires WMS (May 2005)

Financial Objects (March 2005)

Financial Objects - Fund managers moving back into techs (November 2004)

Financial Objects - Welcome return to black (September 2004)

Financial Objects - Cash rises to Â£16.6m (July 2002)

Financial Objects - Enterprise value just Â£8m (May 2002)

Financial Objects - Pipeline of seven Activebank deals in Europe (April 2002)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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