Updates

Financial Objects

September 2005

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 a torrid few years, there were some signs of Financial Objects getting its act together. Overall, sales in H1 to 30 June were up 22% to £5.6m but that included £0.6m from WMS for five weeks. Stripping that out, organic growth was a more modest 9%. Adjusted profit was up from £0.1m to £0.25m (eps of 0.8p). Period end cash was £2.3m, a far cry from the £15m Financial Objects held back in 2001, but then it has bought in a lot of shares over the years.Importantly, there was an improvement in the retail banking product, Activebank, with sales up 38% to £2.2m helped by two major implementations going live, with more projects scheduled to go live in H2. These products give rise to recurring ...

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PM Group

ROK Property - Margins should bounce back

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 - 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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