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?
joehargan1
- 05 Jun 2004 10:44
- 51 of 123
They are making a very big plunge in the US (Chicago exchange) where they have significantly upweighted their sales team in the last 6 months. If they can build scale (relative to thier small size) with what is a superior offering then the customer wins should start coming in soon. They are courting some potentially large accounts and customer news can really shift this stock price up. This is such a critical year for them and the push is expensive to fund but if they keep building revenue this year will make it to operating profit in '05. High growth prospect of steady progress this year and profits next year - all make this a great one to have and hold long. Still not without risk, but this is run by a talented and dedicated team committed to establishing this company. In my view only a matter of time until the institutions wake up to the potential. Take a look on www.ffastfill.com for recent releases.
B_ASKIN
- 09 Jun 2004 12:02
- 52 of 123
FFastFill PLC
09 June 2004
FFastFill plc
FFastFill announces new software development contract
FFastFill is pleased to announce a new contract for bespoke software development
and subsequent software licences. The initial contract value is a minimum of
120k. The project which is being conducted for a new client, in the financial
services sector, will deliver a high performance, resilient application to
enable the customer to enter a new market sector with a unique offering. The
clients name is currently confidential pending their full service announcement
later in the year.
For further information, please contact:
Rostrum Parry
John Parry 020 7490 8062
FFastFill plc
Keith Todd, Executive Chairman 020 7665 8900
This information is provided by RNS
The company news service from the London Stock Exchange
Poverty
- 09 Jun 2004 17:48
- 53 of 123
Good News indeed - well done Ffastfil!
However - what we need is some bad news - because no amount of good news seems to help the share price at all!
Fred1new
- 09 Jun 2004 20:29
- 54 of 123
Perhaps the reason for lack of movement is NM size 15K and spread of 6.5+ Anybody holding would be in for the longterm and adding costs to the dealing does not make it very attractive.
jules99
- 09 Jun 2004 23:27
- 55 of 123
this will pay off im confident - long term has it's major rewards...trust me..jules99
joehargan1
- 10 Jun 2004 04:30
- 56 of 123
Have faith. I feel that this one will definitely reward our patience. Needs a higher volume of trading then it will start to take off. When you add up the new revenue/customer wins it is starting to feel like this will be a great year. Getting to 10p is the first key target...once we get there it will start to move faster.
jules99
- 10 Jun 2004 23:21
- 57 of 123
you have a point 10p is a turning point and then 12p+...keep watching and keep the thread going, i cant beleive that peeps dont know FastFill that well...jules99
joehargan1
- 23 Jun 2004 21:40
- 58 of 123
Another customer signed and positive re-launch outlook from Todd. Hopefully we'll get some impetus now - need the company to start getting some column inches. I'm still very bullish that this one can really soar.
joehargan1
- 23 Jul 2004 09:27
- 59 of 123
the recent acquisition of future technology will be eranings accretive and gives FFA a furteher $2mm on the top-line - a perfect tuck in acquistition that fits their London and Chicago plans perfectly - this is a long hold because they are doing everything the right way to build a profitable and very sustainable business - I've long been a big admirer of FFA and now they really seem to be flying ahead - the share price is still lagging behind the reality of performance but for how much longer - can't wait for the results to come out - I'm constantly adding.
joehargan1
- 16 Oct 2004 13:02
- 60 of 123
London 12th October 2004: FFastFill today announced that their ASP offering has become the first to be accredited by the IPE (International Petroleum Exchange) for direct connection to their new Redditch IT Hub. The connection will enable IPE members to access the Internet based InterchangeTM trading platform and will be particularly important when IPEs electronic-only morning trading begins on November 1.
This ultra-quick 2 Megabit connection will allow FFastFill to provide the fastest solution on the market. Traders not already connected to the IPEs online platform will be able to hook up to FFastFill ASP within 48 hours without the need for additional software installation at the clients site.
Keith Todd, FFastFill's Executive Chairman said "Having built our industrial strength Application Service and combined it with 24x7 Service Level Agreements, FFastFill have already set the benchmark for the rest of the market. We are delighted that the IPE have given us the opportunity to help them and their customers break new ground and exploit the opportunities of trading electronically. Our newly combined team has once again proven themselves pioneers in the marketplace, reducing cost of ownership and driving up expectations.
Richard Ward, CEO of the International Petroleum Exchange, commented I am delighted that FFastFill have made this commitment which will greatly help our members as we make this important transition to electronic trading.
For more information on FFastFill, please contact:
Rostron Parry - Tel: (020) 7490 8062
John Parry, Director - johnparry@rostronparry.com
FFastFill plc - Tel: (020) 7490 8062
Keith Todd, Executive Chairman
About FFastFill
FFastFill is the leading provider of application services to the global derivatives community. FFastFill services and solutions utilize the latest developments in technology to automate trade flow processes across a firms front, middle and back offices. FFastFill solutions encompass electronic order routing, clearing, risk management and back office reporting as part of an integrated, yet modular system architecture. FFastFill 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 FFastFills services are delivered against a contracted Service Level Agreement (SLA), which can be tailored to an institutions business requirements. This quality of delivered service has been enabled through the deployment of a uniquely engineered and totally managed software and technology infrastructure.
queen1
- 05 Nov 2004 19:32
- 61 of 123
How frustrating is FFA? Great company, great management, great product (all IMHO) and yet the SP resembles a turtle ambling through treacle. And that's an amble during a bull push that is seeing huge gains made in other areas. Confused? You will be after this SP stagnation...
moneyplus
- 06 Nov 2004 21:49
- 62 of 123
Results due in Dec. then we should get a better picture.
queen1
- 04 Feb 2005 08:59
- 63 of 123
Anyone still in FFA? If so, there seems to be a little upward momentum, nudging the SP higher at present. Any ideas on why this might be?
laurencecope
- 04 Feb 2005 09:54
- 64 of 123
Yes still in and no idea why their has been some movement.
jj50
- 04 Feb 2005 10:07
- 65 of 123
queen1 - I am still in too, may ditch before end of tax year though if no improvement.
queen1
- 04 Feb 2005 11:17
- 66 of 123
jj50 - would that be at a profit? I still need these to climb a fair wat just to break-even :-(
FONTY
- 05 Feb 2005 22:13
- 67 of 123
I am going to be faithful to FFA as they will go up but the key word is 'eventually' - meanwhile doing the loyalty thing with Caledon Resources, Jarvis and of course the fantastic Stanelco.
I don't want to be kicking myself this time next year.
Good luck to all holders.
queen1
- 08 Feb 2005 09:26
- 68 of 123
Fonty - being faithful could pay off. Up 14% so far today. Anyone have a feeling for why the sudden excitement?
FONTY
- 08 Feb 2005 09:36
- 69 of 123
I pulled out of Iomart trebled my money but they are now up 1300% so don't want to do the same on FFA - I am in this one for a ten bagger but it will take a while. Dumped Jarvis, still staying stuck with Caledon and enjoying Stanelco.
FFA supporters just carry on supporting and you will be really well patted on the back IMHO.
Happy watching
Minx
- 08 Feb 2005 16:55
- 70 of 123
excuse my ignorance, been crying over my shorts in the property sector, but, although much appeciated as I am now well in profit, why the rise all of a sudden? I am also of a long term positive view but the sudden kick upwards.?
Minx