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?

when the report come out?

The interims are out today.

seemed quite good. and the price is quite cheap at that moment. but why they didn`t rise much today?

My guess is competition is high in their field, plus cash reserve has reduced by the same amount as the pre-tax loss!

I think the results are good, but not fantastic...

As aways tho DYOR.

so does it mean it worth to buy or nto

ckmtang,

Only you can make that decision based on your own research (hopefully).

it seemed they changed a lot and its bid price is 8p. so seemed quite cheap. a

anyone have any idea/

I think it has a lot of potential I hold a small amount but will be adding

Director buy pushed the price up hopefully this is the start of new interest

See what tommorow brings been waiting a long time for this to move others will be watching it too as its in the blue sky portfolio.

Just took the plunge on this one, agree with joey123 on the potential and Directors buying shares in the Company can only be a good sign, as they can see the bigger picture.
It's risen again today so things look promising

Bought into this first thing this morning.
Willing to take a gamble on the Directors decisions.
Stock has been treading waters for a few months.
Looking for a good breakout now.
Very hopeful if it closes above 200 MA.
Good luck to all holders.
Regards

Another blue sky share rewarding patience.
Have held since publication.

B_askin I think we are on to a winner here should be some good news by March.

Put on a good 9% today lets see what tommorow brings I have a target of 9.5p to 10.5p mid price with current info and news. There is a lot of info at www.advfn.com on the bb and at these links if you want a more indepth analysis, im not sure how many people view these thread let me know if the info is worthwhile, and ill post some more research cheers.

Evening Standard article 13 August 2003:
http://www.thisismoney.com/20030813/nm66497.html

More research:
http://www.lemminginvestor.com/FFILL.html

http://www.chuffy.net

Joey123
I would appreciate any information from whatever scources.
Look forward to your postings.
Regards.

Joey

Yes please to more info

Taken from advfn.

Recent share placings have given the company the funds needed to continue to grow. Better times ahead for shareholders. IMHO.

On 13 Nov 2003, the interim results to 30 Sep 2003 stated: "The market continues to be challenging but significant progress has been made:

* Turnover has grown by 317% to 1.6m.
* We have delivered two further quarterly software releases, both on time,
to specification and with high levels of reliability.
* We have further enhanced the product functionality raising all
components to the level of our industry leading risk management system.
* We have increased again the scope of our exchange connections to include
LME, IPE, and e-CBOT. These bring connectivity to 12 exchanges worldwide.
* We have made good progress in bringing forward our 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.

Outlook

While budgets for IT expenditure in the financial services sector remain
constrained, derivatives volumes are growing and our 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."

PLUS: The following share options details gives a good indication of where management appointed in October 2002 want to take the company:

"The Company will issue options to Mr Todd for 14,808,072 shares, to Mr Hartnell
for 4,936,025 shares and to Dr Elmore for 4,936,025 shares;

* the exercise price for the share options will be 7p
* these options will vest in 3 tranches
* tranches two and three being subject to the market capitalisation of the
company reaching 14.45m and 24.45m respectively."

Ironically, buying at 7.75p now is a lot less risky than at 3.5p or so last year when those options were granted given the funding that has been raised and the progress that the company has made.

Current shares in issue about 102m after the recent placings (incl. 22 Dec 03 RNS). Mkt cap at 7.25p is 7.4m.

DrKW also have nearly 10m warrants exercisable at 7p a share. This could raise more funds if needed and could happen anytime if the share price rises over 7p again. All IMHO. DYOR.

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...