Web Site : http://www.finobj.com/

Financial Objects is an international supplier of software solutions to the banking, wealth management and energy sectors.

Banking - Financial Objects provides innovative solutions for the retail and wholesale banking sectors
( http://www.finobj.com/our_solutions/banking_solutions.php )

Wealth Management - Financial Objects is a leading developer and supplier of software solutions to the investment community
( http://www.finobj.com/our_solutions/wealth_management_solutions.php )

Energy energycredit is Financial Objects market leading enterprise-wide energy credit risk management solution
( http://www.finobj.com/our_solutions/energy_solutions.php )


Broker Forecasts : (EVO Buy rating)

2007 PTP 2.8m
2007 EPS 6.2p
2007 DIV 1.2p

2008 PTP 3.2m
2008 EPS 7.0p
2008 DIV 1.4p


Major Shareholders :

Slater Investments Ltd = 10.7%
Paul Fullagar (Director) = 10.6%
BlackRock Investment Mgt. = 8.1%
Roger Foster = 6.2%
Gartmore Investment = 5.4%
Rathbones = 3.8%
Third Advance Value Realisation Company = 3.8%


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No doubt it is.......... But banks and wealth sector will still need the software, and Energy sector seems to be holding up very well. Hopefully this is a classic contrarian investment, we will see.

Noticed 2.1m shares sold today at 45p 5% of company, should be an announcement in the next few days. The sp has held firm, which at least is a positive sign.

Another news release today which has seen the sp firm 1p to 48.5. See below.

LONDON (Thomson Financial) - Financial Objects PLC said it is planning to announce further wealth management customer wins in the coming months.

Recent contract wins include Concorde Bank, Sand Aire and Hansabank and this momentum is set to continue in 2008, the software company said in a statement.

The company said it has appointed Mark Measham as operations director and Brent Randall as business strategy director of its wealth management division to exploit the accelerating demand for high net worth investment services.

Good start today with sp ticking up 2.5 to 51p, on strong buying.

Financial Objects PLC
24 October 2007

24 October 2007

Financial Objects PLC (the 'Company')

Directors' Share Dealing

The Company was informed on 23 October 2007 that on 23 October 2007 Paul
Fullagar, Chairman of the Company, bought 2,000,000 ordinary shares of 2p each
in the Company ('Ordinary Shares'), representing 4.50 percent of the Company's
issued ordinary share capital. Further to this, Mr Karim Peermohamed, CEO, and
Mr Peter Youngs, FD, have both bought 50,000 Ordinary Shares each representing
0.11 percent of the Company's issued ordinary share capital. All of the
aforementioned Ordinary Shares were bought from Roger Foster, the previous
Chairman of the Company, at 45p. Roger Foster has confirmed in writing to the
Board of the Company that he has no current intention to dispose of any further
Ordinary Shares.

Following these transactions the interests of Mr Fullagar, Mr Peermohamed, Mr
Youngs and Mr Foster are as follows:-

Number of shares % of Issued Ordinary Share Capital

Mr Fullagar 6,800,000 15.3%
Mr Peermohamed 152,000 0.34%
Mr Youngs 150,000 0.34%
Mr Foster 308,273(1) 0.69%


(1): Of Mr Foster's 308,273 Ordinary Shares, 151,522 Ordinary Shares are held
within his pension scheme

Commenting, Paul Fullagar, Chairman, said:

'This demonstrates the confidence the directors have in the company and its
prospects. Following the recent strengthening of the management team, I believe
the company is well positioned to build on recent successes and to enhance
shareholder value over the next few years.'

http://moneyam.uk-wire.com/cgi-bin/articles/200710241652473121G.html

Read the above RNS.

Paul Fullagar, Chairman of the Company, bought 2,000,000 shares.

Mr Karim Peermohamed, CEO, and
Mr Peter Youngs, FD, have both bought 50,000 shares each.

All of the aforementioned Ordinary Shares were bought from Roger Foster, the previous Chairman of the Company, at 45p. Roger Foster has confirmed in writing to the Board of the Company that he has no current intention to dispose of any further Ordinary Shares.

So that's the seller sorted out, in fact he only has 308,000 shares remaining, half of which are in his pension scheme.

affc21 Thank you for the information, the city seems to like the news with sp up 5.5p now to 54p. This could be the start of a rerating now. imho.

Still holding these, they seem to have found a support level around 47-48, we even had a 1p rise yesterday. Hopefully when finals reported in March we will hear of some more contract wins. They did report two contract wins in energy sector, and good progress report with statoilhydro who were very pleased with software.

Trading update

The Board of Financial Objects plc, an international supplier of software
solutions to the banking, wealth management and energy sectors, (AIM: FIO), is
pleased to announce that, following the completion of its financial year ended
31 December 2007, it expects to report an operating profit ahead of market
expectations.

The Company is scheduled to announce preliminary results on 10 March.

The price increased 4p to 52.5p on the trading update. We could see EPS of 6.5p which would give a PE of 8. Then hopefully a re-rating.

Results today which look very solid even with the current slowdown. See below.

Software supplier Financial Objects PLC said full year pretax profit rose 40 pct helped by higher profit margins and said it is hiking its final dividend by 50 pct to 1.5 pence per share.

The software supplier said pretax profit for the full year to Dec 31 2007 rose to 2.8 mln stg compared with 2 mln stg in the year ago period on a revenue increase of 7 pct to 21.2 mln stg.

Financial Objects said it expects to make further progress in 2008 and will continue to look for complementary buys, which will offer synergies and are earnings enhancing.

Very nice results !

unfortunately S/L out of this one, looks very cheap now, but share is very depressed. Still it's best to take the cash and live to fight another day.

Good luck to those still in fio.

Glad I was out of this earlier. Profit warning number of one of........


They have left the door wide open for a second profit warning, so it should be expected imv.

MBO sometime later ? ;)

ditto here, shows the benefit of a stop/loss...................