Updates

Financial Objects - Welcome return to black

September 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.

After two torrid years, there was a welcome move into the black for the six months to 30 June with a small profit before tax of £0.1m versus a loss of £0.6m. Revenues fell 19% to £4.6m so the improvement did not come from any new licences for Activebank (sales down from £2.7m to £1.6m) or for IBIS (sales maintained at £3m) but more from the strategic review of last year. This has shifted the sales emphasis towards resellers whilst the development function has moved offshore to India, both moves to cut costs. Net cash fell by £1.8m to £5m due to redundancies but this looks the lowest ebb and is equivalent of 18p a share. Since these results, Financial Objects has provided the f ...

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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 - Fund managers moving back into techs (November 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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