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?

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 !

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

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..

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

Well someone is looking over the books... I note that the big boys are starting to buy in . at this stage its sit on your hands and wait... follow shareclubuk.co.uk as all the news is posted there.....

I bought in at 11p many moons ago so it'd be nice to get back somewhere close at least!

So a potential bid. www.ffastill.com - why now?

Profitability around the corner, some big client wins....

Does anybody know who is considering a bid for ffastfill?

Must admit have weighed in & bought some more.

Any idea on who is talking to FfastFill re a possible offer for the company? The 28 day period is just about up.. An announcement should be made this coming week.. Reuters could be in the frame to make a move?

Ffastfill Plc Someone is looking at the books.. The Market Makers are holding the price at 7.88p which gives share-club-uk a profit of 111%. I have taken out the book price by selling off some shares. Now the big question is do I sell and take all of the profits or sit tight and wait for the outcome? Very soon we will find out the true intent of the company that has made the approach regarding a possible offerthe big question is the level of a bid.. If indeed there is a bid Any input please?.. deal or no deal? My own feeling is that FFA has a first class product. So I cannot see a fall in the S.P. in any case.. This week should be most interesting

Ffastfill Plc Approach regarding a possible offer for the company Patsystems is suspected of having an interest in Ffastfill.. However there could be a number of different people looking at the company.. A major shareholder, even a Bank or a competitorInside track market sources news is that any offer at all would have to be in the region of 14p conservatively, so a bid between 14p to 25p would be needed to get the board interested. However with the cost base now fixed and profits around the corner (with no tax to pay for a while, as they have been making a loss for so long). Who knows what they could be worth going it alone......


FFastFill Signs RBC Capital Markets for its CME FX on Reuters Application Service

LONDON AND CHICAGO, Feb. 2, 2007 FastFill announced today the signing of RBC Capital Markets to go on its CME FX on Reuters Application Service. This service gives Reuters Dealing 3000 users direct access to the CME's foreign exchange (FX) futures and options and enhances the ability to seamlessly trade FX spot and futures products.

FFastFill was chosen by Reuters as the launch partner for this project in May 2004 and has been responsible for building and maintaining a trade order routing service that enables traders using Reuters Dealing 3000 to also execute the CME's FX futures and options contracts. As a result the S.P. has moved up by o.50p to 8.38p

Nice to see you on here as well myway. I bought FFA at 11p and they've headed south ever since so 14-25p would be great!

Hi Queen1

Ffastfill Plc The investors in Ffastfill are still waiting for news regarding any offer for the company. The only news coming out at the moment are the buy-sells Under the provisions of Rules 8.1 of the Code, all 'dealings' in 'relevant securities' of FFastFill by a potential offeror, or FFastFill, or by any of their respective
'associates', must be disclosed by no later than 12.00 noon (London time) on the London business day following the date of the relevant transaction.

I have been tracking the companys news reports and listing them on the www.shareclub.uk website for any one who is interested to view.. The Share Price has moved up this week to close last night at 9.25p.

Cheers myway - a watching brief....

Ffastfill Plc Under rule 83 of the takeover code Mr Ian Richard Kergel has declared holding in the company of 15,000,000. The company product is now making headway in the market place.. After a long time standing still..

...and we ticked up today which was encouraging.

Hi queen1 news just out...

Mon 5th March.

End of talks announcement and trading update FFastFill has now terminated these discussions. FFastFill that the unsolicited approach was an encouraging endorsement of the company strategy of their overall application as a service provision, it failed to recognise the true company value

You can find the full text of the report at www.shareclubuk.co.uk The upbeat news is the true fact that FFastFill is continuing to engage with and sign up new customers, such as the contract with Natexis Commodity Markets which was announced on 27 February 2007.

As a result, therefore the Board remains optimistic about FFastFill's prospects as an independent company, with a bright future.

myway

Hi myway

I don't think that this is necessarily a bad thing although the market has obviously reacted badly. It's good to see a Board with believe in itself and its Company, who are not willing to sell cheap for the sake of it. If contract wins continue apace I think FFA will be worth a lot more than 9-9.5p in a couple of years time. We may look back on today as a lucky escape!

Yep, worth hanging on in there... don't see any adverse reason to sell... as long as they keep growing and winning contracts and deals etc, then the rewards should follow ! (imho)