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FFastFill narrows losses by more than 50% and increases turnover 317% (FFA)     

skids - 13 Nov 2003 09:59

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?

Poverty - 22 Jan 2004 01:12 - 22 of 123

I reckon these shares are building up a head of steam and will zoom with just a tiny bit more good news! A lot of little shares are moving this January - it looks like the wider market sees a lot of value in these co's that have held on, improved management and got sound recent funding. Here's hoping...

DUPLEX - 25 Feb 2004 20:29 - 23 of 123

Looks like you're right! Well done..

DUPLEX - 01 Mar 2004 18:48 - 24 of 123

A late 2.8 Million buy near end of session. interesting.

Scottie - 01 Mar 2004 19:02 - 25 of 123

This one has been on my radar for some time now, and they look about ready to really go.

aevansdj - 02 Mar 2004 00:01 - 26 of 123

Well somebody putting that sort of money into the company is clearly in the know.Must be Directors or someone with very close links.Maybe some news to be announced later today

skids - 02 Mar 2004 08:47 - 27 of 123

If it were directors they would have to inform the market.

joehargan - 05 Apr 2004 21:34 - 28 of 123

UP again today..anyone know why...could this be the start of something bigger?

skids - 14 Apr 2004 10:02 - 29 of 123

Apparently FFA are about to release details of a new deal for their ASP software. Could be big judging by the increase over the last few days.

joey123 - 20 Apr 2004 16:08 - 30 of 123

If turnover is going to double for full year results and if the company is near enough profit anyone clever enough to know the value of this company in the share price in real terms, is it already priced in?

jules99 - 26 Apr 2004 17:32 - 31 of 123

Sold my Pipex Com shares and reinvetsed into FastFill...The market capital is ONLY 4m...and very very undervalued....expect this company to deliver in the weeks to follow and share price to increase as a result..of course DYOR AS always....

jj50 - 26 Apr 2004 19:20 - 32 of 123

Note today's RNS announcement Today's EGM regarding the placing of 57,142,857 new ordinary shares at 7p per share to raise 3.8m. after expenses was approved. Results due 13 May.

hilldee - 28 Apr 2004 12:33 - 33 of 123

something IS happening at Ffastfill and, as we all know, it aint what you do its the way that you do it.You know, so much information comes out of Barbados that one might be forgiven for believing that ALL the big deals and dealers were centered in that small island. Well, maybe not ALL but pound for pound there is more cash washing around Barbados than many 'financial centers' and more millionaires ready to make 'just one more deal' If that sounds patronizing, forget it. Most of the deals coooked up in Barbados are sound and profitmaking - what WE have to work out is 'is there MORE TO COME' on the FFastfill deal or is the info coming out of the Carribean Island 'old hat' P.S. it also helps to have a rich Mum who retired there and who LOVES to gossip.

joehargan1 - 29 Apr 2004 20:36 - 34 of 123

We all agree it's undervalued and set for a rally but when? The results on May 13th if I'm reading up right should be well ahead of even the most bullish analyst expectations I've read...assuming they have held costs steady but what is unknown is how much they've reinvested behind ASP and new business development. We'll know by the 13th I guess...I'm getting edgy as the price has eased 5% this week and I just cannot fathom it out...anyone have any point of view?

joey123 - 13 May 2004 10:48 - 35 of 123

Excellent set of results cash burn under control and costs loss per share reduced to a measly 3p from 10p a 6.6% rise today onwards and upwards.

FONTY - 13 May 2004 11:43 - 36 of 123

Brilliant - I can see this as my 10 bagger of the year. I hold 15K so every cross your fingers.

joey123 - 13 May 2004 13:45 - 37 of 123

hopefully there will be some press comment. Once this breaks 10p and inevitably it will then people will stand and take notice of FFastfills true potential.

joehargan1 - 14 May 2004 19:22 - 38 of 123

As expected, glittering results and even better trading statement. Amazed that the press didn't pick it up. Will be interesting to watch next week. THe potential is there but needs some PR coverage to keep the momentum going. Breaking through 10p will be critical..if it does then, no looking back.

joey123 - 18 May 2004 08:21 - 39 of 123

I can see nothing more than general market sentiment knocking this down I think this is a good buying opportunity its difficult to get any kind of large quantity at these levels.

jules99 - 19 May 2004 00:03 - 40 of 123

A great one to tuck away at current price...keep the thread going as I dont get the time to come on everyday...Not many follow FFA, but it's nice to know some know the potential of this future ten bagger...very under valued at 4m in the current market, if and when it gets going it will reward one a many...

jules99

joehargan1 - 19 May 2004 12:06 - 41 of 123

Agreed, this is one to hold for the long term. I must be a Keith Todd afficionado because I also hold ESY and would put it in the same camp. Both are extremely well managed businesses with strong top-line growth potential. Current performance gives confidence that they also have the management capability to realize this in full.
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