Updates and Ideas

Financial Objects - Fund managers moving back into techs

November 2004

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.

Investors have reacted surprisingly cautiously to the significant changes which have taken place at Financial Objects (50p), a company that develops and markets software that manages the back office operations of wholesale and retail banks. At 46.5p the company is capitalised at just £xxm and stripping out the £5m cash leaves a valuation of £xxm for the underlying business. Our view is that the scepticism is misplaced and the shares are poised for a sharp move upwards for a number of reasons. First is that Financial Objects still maintains a strong position in the market with a blue chip customer base. Second, it is no longer haemorrhaging cash and has returned to a profit at the interim stage. The group ha ...

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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 - Dredging the bottom of the software sector (February 2006)

Financial Objects (December 2005)

Financial Objects (September 2005)

Financial Objects - Acquires WMS (May 2005)

Financial Objects (March 2005)

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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