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http://www.investegate.co.uk/Article.aspx?id=201210240700043671P
and one for the diary The Company will release its interim results on Wednesday 24 October 2012. An analyst presentation will be held on the day at 9.30am at the offices of Newgate Threadneedle - Aldermary House, 10-15 Queen Street, London, EC4N 1TX.
Update on Trading Lombard Risk Management plc (LSE: LRM), a leading global provider of integrated collateral management, liquidity and regulatory reporting and compliance solutions for the financial services industry, announces an update on trading following the end of the first half year to 30 September 2012. The Company is pleased to announce that it has signed a substantial contract to supply its Dodd-Frank and EMIR (European Market Infrastructure Regulation) transactional reporting products to a major European bank. No revenue from this contract has been recognised in the half year results. The Company continues to see strong interest across its product range and remains in discussions with a number of major financial institutions in the UK and abroad. The Board confirms that trading was slightly ahead of management forecasts for the six month period to 30 September 2012. The performance to date gives the Board reason to believe that the Company will meet market expectations for the year ending 31 March 2013.
yes looks good
Lombard Risk Management plc (LSE: LRM), a leading global provider of integrated collateral management, liquidity and regulatory reporting and compliance solutions for the financial services industry, announces an update on trading following the end of the first half year to 30 September 2012. The Company is pleased to announce that it has signed a substantial contract to supply its Dodd-Frank and EMIR (European Market Infrastructure Regulation) transactional reporting products to a major European bank. No revenue from this contract has been recognised in the half year results. The Company continues to see strong interest across its product range and remains in discussions with a number of major financial institutions in the UK and abroad. The Board confirms that trading was slightly ahead of management forecasts for the six month period to 30 September 2012. The performance to date gives the Board reason to believe that the Company will meet market expectations for the year ending 31 March 2013. The Company will release its interim results on Wednesday 24 October 2012. An analyst presentation will be held on the day at 9.30am at the offices of Newgate Threadneedle - Aldermary House, 10-15 Queen Street, London, EC4N 1TX.
John Wisbey, CEO of Lombard Risk, commented: "We are delighted to have been able to add this prestigious U.S. fund management client to our very high quality client list for COLLINE®. As for other recent contract wins the addition of Clearing and our REPORTER MIS product to COLLINE® was a major factor in winning this deal and we believe these modules together with those for Repo and Securities Lending will allow us to generate useful additional revenue from other clients in the coming year. We are also very pleased with the continued progress of the COREP program. As stated at the AGM on 13th July, the contract sizes achieved so far imply that the COREP and related EBA revenues for this programme should generate higher revenue for the Company than the Liquidity programme of 2010".
Three Contract wins Lombard Risk Management plc (LSE: LRM), a leading global provider of integrated collateral management, liquidity and regulatory reporting and compliance solutions for the financial services industry, is pleased to announce that the Company has secured three significant new contract wins. The first of these contracts is the licence and implementation of the Company's COLLINE® collateral management software to a major international fund management group headquartered in the United States. The contract includes COLLINE®'s modules for OTC collateral management, Clearing and Management Information Reporting, and has a value in the first year of approximately £500,000. Lombard Risk also announces that it has concluded two contracts for the European Banking Authority's COREP and other related reporting requirements, bringing to a total of thirteen the number of COREP contracts concluded so far, of which nine have been concluded since the start of the Company's financial year on 1 April.
http://www.investegate.co.uk/Article.aspx?id=201207300700087512I
Really positive statement in my view, which gives enough to show things are going well without raising expectations too high. Very sensible given the disappointments earlier in the year. Like the comments re. Exceeding 2010 growth. Implies Growth this year of at least 30% and given the US acquisition I suspect LRM will beat this comfortably. Yesterdays options announcement -if I am reading it right- suggests one of the non execs has bought £45k of stock, albeit at a discounted rate. RHPS re-iterated buy up to 10p recommendation yesterday. Bit disappointed that the SP hasn't responded more positively, but I'm increasingly confident that it'll be comfortably higher by the year end. Techno
A bit delayed, but the board relayed an encouraging message at the AGM last week - form StockMarketWire.com... StockMarketWire.com - The chairman of Lombard Risk Management (LON:LRM), a leading global provider of collateral management, liquidity and regulatory reporting and compliance solutions for the financial services industry, says the group has made an 'encouraging start to the financial year'. In a statement to the annual general meeting of shareholders held today Philip Crawford said: "The Company has had an encouraging start to the financial year with seven further contracts signed so far for the European Banking Authority's COREP programme in addition to the four signed at the very end of March. Two of these contracts have been with clients that previously used competitor systems for regulatory reporting. The contract size achieved so far implies that the revenues for this programme and related EBA initiatives should achieve higher revenue for the Company than the Liquidity programme of 2010. As stated previously the Company's accounting policies mean that most of the revenue from our COREP projects is likely to be recognised in the second half of the financial year. In addition, progress has been made with advancing contracts and opportunities for COLLINE and for our new REFORM product and announcements will be made at the appropriate time. "The Board remains cautiously optimistic about the prospects for the current year, with the obvious caveat that major additional instability in the Eurozone would be unwelcome. The trend still appears to be towards more rather than less regulation and this should continue to benefit the Company. "Brian Crowe, who has been a non-executive director of the Company and has played a valuable role on the board since its IPO in 2004, has informed us of his wish to stand down as a director shortly after an appropriate successor can be found. Brian has had a major career change since joining the board and the board has accepted this wish. Announcements will be made at the appropriate time." At 2:08pm 13/07: (LON:LRM) Lombard Risk Management share price was +0.26p at 9.88p
Many thanks for taking the time to respond... Nice unexpected little bonus!!!!
0.035p per share means just that, and is equal to 3.5p per 100 shares held. This will be paid on 27th July to holders of the shares on Wed 18th July (XD date). LRM (historically) pay the dividend by cheque and snail mail, so allow up to a week or so for the amount to show on your broker account. If you have asked your broker to pay dividends to your bank this should be done immediately on receipt by the broker.
As this is the first share I've held where a dividend will be paid, can I ask someone to explain what will happen? Will it be payable directly into the account where I broker with? And if it's 0.035p per share held, that obviously means 3.5p per share? or will it be between 0.035p and 0.055p? Or am I being a total thicket and understanding everything wrong?
Final dividend of 0.035p (2011: 0.030p) recommended for a total of 0.055p per share. The dividend will be payable on 27 July 2012 to shareholders on the register on 20 July 2012. http://www.investegate.co.uk/article.aspx?id=201205160700294415D&fe=1
Playing with this or what?
By almost 7% per share on very little volume. Confused and disappointed with this share.
With the announcement of 4 contract wins, this share went up by the smallest amount possible of 0.13p!!! Very disappointed...:(
James Philips, Director Regulatory Compliance, explains: "The precise calculations and report details are not yet finalised by the regulators but, from our experience and close working relationship with the EBA, we are sufficiently confident of a large proportion of the information that's required, and will issue calculation engines and reporting templates that meet the final detailed requirements as and when they are published." John Wisbey, CEO, added: "This major regulatory change is similar to the situation our clients found themselves in with the FSA's liquidity regime of 2010. We started work with firms well in advance of the finalisation of the regulation and were able successfully to implement more than 35 systems in good time for clients to meet the FSA's requirements and remain compliant."
LONDON, UK - 10th April 2012: Lombard RiskManagement plc (LSE: LRM) ("Lombard Risk"), a leading provider of integrated collateral management and liquidity, regulatory (including Dodd-Frank Swap) and MIS reporting solutions for the financial services industry, is pleased to announce that it has signed four contracts in March for its REPORTER regulatory compliance solution. Lombard Risk REPORTER is a fully scalable solution designed for regulatory compliance at branch and/or head office level, with global coverage, with detailed supervisory computations including all Basel III capital and liquidity calculations. Streamlined integration to multiple source systems is enabled by its rich ETL functionality, and stress testing and scenario analysis, now part of the regulatory scene, by Lombard Risk's LISA solution. Lombard Risk is the market leader in the United Kingdom (with nearly 40% of the market), holds a significant market share in many countries in Asia and Europe - plus (outside of simple spreadsheet solutions offered) services more financial institutions in America than any other regulatory reporting vendor. The four contracts, all with UK-based financial institutions, are for the Lombard Risk REPORTER regulatory compliance solution that meets the European Banking Authority's ("EBA") Common Reporting requirements which will affect the UK for the first time in 2013 and includes: · New regulatory calculations: for capital and large exposures · New reports: 34 new COREP templates · New delivery methodology: XBRL The European Banking Authority's Common Reporting requirements are not expected to be finalised until June 2012 but, as this leaves little time before the January/March 2013 reporting deadlines, firms are implementing systems NOW in order to be ready. Lombard Risk business matter experts, the largest permanent UK-based team of any vendor in this space, have been analysing the EBA's regulations since the release of the CP50/51 (December 2011) and are currently working with existing clients to identify the additional information that is needed to meet the first regulatory submission requirements.
http://www.investegate.co.uk/Article.aspx?id=201204100915500048B
Not just banks anyone who is regulated
Nice theory. Unfortunately the bulk of LRM clients are banks, and most bank financial year ends are 31st December.
I predict that one more contract win will come before year end, the others will follow fairly quickly in the new financial year as I believe firms budgets have run out this year so new software is probably not an option but will be put in their budgets for next year - Yes I'm hoping that's the case
the 30k at 10 are actually buys, if you fit them in the time of the bid and ask they are buys, looking forward, to tomorrow bought 10000 shares, could be good day for lrm
Up 24% even with no mention of how much the contract is worth - lets hope the rest of the contracts that were mentioned in last weeks poor RNS as possibly not coming to fruition this financial year come in as well