Latest News
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LONDON (AFX) - FFastFill PLC saw its pretax loss narrow in the six months to Sept 30 2003.

It said the past six months has been a period of consolidation and progress for the company providing a strong platform from which to launch its new application service offerings.

The results show a pretax loss of 1.2 mln stg compared with 2.6 mln and a massive 317 pct increase in turnover to 1.6 mln stg.

The group said it has made good progress in bringing forward the next generation of software; this is planned for delivery during the first half of 2004.

'We now have a strong pipeline, which will lead to more new customer signings later this financial year,' it added.

Cash at the end of September was 1.588 mln stg, down from 2.45 mln. No interim dividend is proposed.

Executive chairman Keith Todd said that, while budgets for IT expenditure in the financial services sector remain constrained, derivatives volumes are growing and prospects and customers are looking for efficiency improvements in the delivery of their technology.

'The board has confidence in the competitiveness of the company's software and services and in its ability to deliver its plans.'

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Thoughts anyone?

Ffastfill hit the jackpot with their first project from the stable of EST which it recently acquired. The new business win was undertaken for SEB, although the bank has been a long standing customer of EST. shareclubuk.co.uk was also pleased to read this announcement as its a prominent share of the clubs portfolio

Some positive movement every day this week. Anyone know why this may be after a very quiet period?

Hi Queen FFA is starting to take advantage of its new set up service, which is much faster so traders are showing interest.

FFastFill is the leading provider of application services to the global derivatives community. FFAs services and solutions use the latest developments in technology to automate trade flow processes across a firm's front, middle and back offices. FFA's solutions encompass electronic order routing, clearing, risk management and back office as part of integrated, yet modular system architecture. FFA's application services provide institutions with cost savings in their administrative and IT
departments and significantly reduce or eliminate the investment costs associated with maintaining their own technology infrastructure. All of FFA's services are
delivered against a contracted Service Level Agreement (SLA), which can be
tailored to an institution's business requirements. This quality of delivered service has been enabled through the deployment of a uniquely engineered and totally managed software and technology infrastructure. FFA recently acquired Exchange Systems Technology Ltd a company supplying back office (Post Trade Processing) systems to the financial markets.

At shareclubuk.co.uk meeting this morning the general feeling is that the merger with ETS has gone well, over the last week the share price has traded up, we all look forward to the next set of figures due to be released in November. One of our best investment to date.

Thanks myway

March figures should be interesting. Converging on a profit - at last!

Director's June09-deals are pretty poor IMHO - almost a week after they post "increases" three Dirs dip-in to a total of under50k - ( which makes me look, if it's EACH!)......Ooer not exactly a lot of confidence in this software-business.
Not one for me, now.

I bought into this one last week @ 5.69p, had some a couple of years ago but sold @ a small loss, so looking to recoup that loss and hopefully make a few bob.
2517