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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?

jj50 - 08 Feb 2005 17:06 - 72 of 123

Sorry - hit button twice!

queen1 - 08 Feb 2005 17:28 - 73 of 123

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...

jj50 - 08 Feb 2005 22:32 - 74 of 123

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!

FONTY - 09 Feb 2005 10:11 - 75 of 123

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!

joehargan1 - 18 Feb 2005 19:06 - 76 of 123

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.

DUPLEX - 19 Feb 2005 17:02 - 77 of 123

The MM's keep upping the price to draw out the sellers...why?

joehargan1 - 19 Feb 2005 21:57 - 78 of 123

could be a big buyer building and about to come in, perhaps an institution.

joehargan1 - 02 Mar 2005 14:57 - 79 of 123

finally broken 10p...this could be the start of a rally and news beckoning.

joehargan1 - 14 Mar 2005 15:02 - 80 of 123

FFastFill says its application service enabled CME FX on Reuters to go live
LONDON (AFX) - FFastFill PLC (LSE: FFA.L - news) said its application service in support of the new CME FX service on Reuters has gone live in London, giving Reuters Dealing 3000 users direct access to Chicago Mercantile Exchange (NYSE: CME - news) 's foreign exchange futures.


queen1 - 04 May 2006 08:20 - 81 of 123

I see the Play of the Week spread in Shares Magazine has already had an effect this morning.

skyhigh - 16 May 2006 10:01 - 82 of 123

Ditched the dog ! (IDOX) should have done this a month or two ago to keep a small profit but didn't.
profit warnings rarely come in with one only so... reckon this is going down to 4p-ish (imho)

Now gone into FFA... the're on the up... (imo)
Will get some more in the next week at these levels.
Was in moneyweek last week repeating the shares mag rec.
should do well in the 6/12 mnth timeframe (imo)

queen1 - 16 May 2006 13:48 - 83 of 123

Welcome skyhigh. FFA is one of those small stocks that I really feel has potential. So much so that I've sat on them through some pretty lean times and it'll take a lot of northwards momentum to get them anywhere near where I first bought in but I'm quietly confident.

skyhigh - 25 May 2006 07:38 - 84 of 123

This should help....from today's Shares Magazine......

Plays of the Week: Buy Alliance Pharma at 18.5p - South China Resources at 21p

Updates: Buy Ffastfill

Pick Tomorrow's Winners: Star Energy - GUS - Pipex Communications - Corus Group

skyhigh - 07 Jun 2006 07:31 - 85 of 123

Another contract win today ...another fall in the sp ?

FastFill PLC
07 June 2006


FFASTFILL PLC

FFASTFILL SIGNS ANOTHER NEW GLOBAL FINANCIAL
INSTITUTION FOR ITS APPLICATION SERVICE


Third Contract for Rapid Connection to Energy Markets

FFastFill, the leading provider of application services to the global
derivatives market, announces that another global financial institution has
contracted to obtain its third party front-end trading technology as a service
provided by FFastFill Inc., its Chicago-based subsidiary. This new service will
provide traders in the institution's advisory and capital markets business with
direct access to electronic exchange-traded energy markets.

This contract win represents FFastFill's third contract in the last few weeks
which enables firms to connect rapidly to the electronically traded energy
markets. The contract adds a new global financial institution to the growing
list of firms using FFastFill's application service.

Said Hamish Purdey, Chief Operating Officer of FFastFill plc: 'We are very
pleased to take on another important customer by being able to offer them rapid
deployment of sophisticated technology that connects them to the energy markets'

myway - 13 Nov 2006 09:43 - 86 of 123

Its just about time for the next announcement from Ffastfill.. Michael our 70 year old was updating on FFA at our morning coffee meeting at the OAPs shareclubuk he had noted that there was some upward movement on the SP so far last week we are making a small profit of close on 200 on the investment with FFA .. The next report from FFA should be most interesting Its about time for the company to announce another Global Bank for the CME FX Reuters service Any one out there who has any news on the company outside of the companys own announcements.. ?

skyhigh - 13 Nov 2006 09:49 - 87 of 123

myway... no other news but must be a good time to top up methinks (imo) can only be onwards and upwards from here..

skyhigh - 13 Nov 2006 09:52 - 88 of 123

whats more, is that interim results must be due this week or early next as last yr they were announced 17thNov and 11thNov yr before that !

myway - 27 Nov 2006 10:05 - 89 of 123

Michael our 70 year old came into the shareclubuk coffee meeting this morning with a copy of the FFastFills interim results..

The company has now made the transformation from software products to one of an Application Service Provider serving the electronic trading community benefits from this scaleable business model are starting to show results

Revenue is up by 21% .. EBITDA has reduced loss by 45% to 0.680 million. With positive trading September - October Loss this time around was 1.289m.. Cash in hand was 1.271m

myway - 11 Dec 2006 09:23 - 90 of 123

We are living in a new world.. Paper work has all but gone to be replaced by software platforms that can support multiple asset classes.. This is FFastFills market place which is opening up a number of important strategic opportunities for the company with the major institutions.. To my mind FfastFill should expand over the next trading period..

queen1 - 05 Jan 2007 08:31 - 91 of 123

So, a potential offer then........
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