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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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...................