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?

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

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.

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.

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.

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...

Results due in Dec. then we should get a better picture.

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?

Yes still in and no idea why their has been some movement.

queen1 - I am still in too, may ditch before end of tax year though if no improvement.

jj50 - would that be at a profit? I still need these to climb a fair wat just to break-even :-(

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.

Fonty - being faithful could pay off. Up 14% so far today. Anyone have a feeling for why the sudden excitement?

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

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

queen1 - I had actually thought I would take a small loss but funnily have just gone into profit today (bought at 8.35 in Aug 03) so may hang on now! Will put in a stop loss though :-) Fingers crossed, am going to do some research now and see what I can find. Are you still out of pocket q1? Good luck everyone.

Sorry - hit button twice!

Hi jj50. Yep, unfortunately I bought in at 11p so still a little way to go for me yet. I let the shares fall through my stop loss as I believe (just) that the company will come good eventually. Still, it would be nice to at least be sitting on a paper profit of some sort...

img src="http://www.moneyam.com/cache/graph.php?plotType=Candle&epic=FFA">

..thought I was posting graph but did not work ... shall try again!

Good old FFA - I live in dreams but confident. I would love to be part of a few who get the 10 bagger of the Year Awards!

Ok, I'm finally all out at +116% which is not too bad for 18 months hard labour. Got shot at 9.31 in a couple of trades. Seems that the MMs are building. May review if it drops back below 8p again. I hope I've not gone too soon but only time will tell, Good luck to all holders.