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20-Oct-16 FinnCap Old rating: 15.00 New rating: 16.50 And the CEO just bought half a million at 9.25, announced 20 minutes ago. I'll come in for a small punt.
new video at Proactive Investors is here: http://tinyurl.com/jq32pc4
Just to note that my transaction this morning was a BUY of 7000, not a SELL. I am just putting my toe in the water ahead of Thursday's announcement. I am, of course, hoping that they will progress from here during the coming year. We shall see what they have to say on Thursday.
Proactive Investors is here: http://tinyurl.com/hrl57cz
Thank you to let me know
It was tipped by Sunday Mail Midas.
Any rns?
And now the shares are at 7.125p and have hit a 5 year low. Incredible how much value has been destroyed here.
They really seem to have lost the plot on their news releases. God knows who is advising them. Being told there is a contract with an unnamed entity for no value is really not smart. Then we get the pathetic AGM statement which says that revenues are up on last year. But no guidance by how much and whether that leaves the company on track or not ! It's almost as if they are desperate for the share price not to go up.
another no figure contract :P
Looked rather content free ! No names, no numbers, no indication of whether this is in line with what needed to deliver this year's broker number.
Nice rns this morning...
Not sure they are weak but rather they have big egos and just don't have the necessary skills to run a smaller company economically. Oracle, Microsoft and RBS aren't the obvious places to learn these skills, and shareholders are having to be guineapigs at very high cost to shareholder value while they work it out. The real issue with the placing is the flagrant circumvention of resolutions voted on by shareholders, and this serious breach of governance does need to carry a personal price for some.
These guys never put anything on the line. They are raising over 8 million but where the flip is their commitment to be free cashflow generative. When are the Directors/Management going to show some steel. Probably better off with ownership by another Board/Management team. These guys are weak!
Hardman has £23.7 million 2016 revenues growing 41% over the 2 years till 2018 suggesting revenues of £33.5 million. They say the enterprise value to sales ratio of 1.1 times gives no credit for the potential for cash margins to leverage. Lombard remains an attractive story but freecashflow delivery continues to get pushed. I'm hopeful the current CEO will bring a fresh perspective to cash profitability !
30000 LRM shares shown incorrectly as sold should have been shown as purchased.
Red or black? Lombard gambles on Brown Date: 27-11-2015 11:18 Author: Steven Frazer The City of London-based red tape and risk management software supplier has pulled an interesting rabbit out of the new boss hat. Alastair Brown will take up the CEO role at Lombard Risk Management (LRM:AIM) on 1 December, stepping into the shoes of former CEO John Wisbey, who left the company at full year results in May, but he'll find the challenges he faces very different from those he's used to.
Oracle FS tweeted yesterday: Learn how @oraclefs & @LombardRiskM are helping financial institutions "Find a Silver Lining to Regulatory Reporting" http://ora.cl/LRw Big players like Oracle don't partner with AIM listed companies that often... positive signs of the new 2015 strategy under Philip Crawford's stewardship?
Company make the following statement. "The Company has made a positive start to the new financial year with trading in the first three months ahead of the same time last year. As announced on 21 May 2015 the Board is in the process of seeking to appoint a new Chief Executive and expects to be able to announce further details of this appointment within the next few weeks. The Board look forward to the future with increasing confidence."
Just watching it grow!
Good news today - and an interesting comment about the "considerable increase to the client base in recent months".... Http://www.lombardrisk.com/press/sumi-trust-replaces-rframe-goes-live-reporter "June 11, 2015 SuMi TRUST replaces rFRAME and goes live with REPORTER Lombard Risk is pleased to announce that the London branch of Sumitomo Mitsui Trust Bank has successfully gone live with Lombard Risk REPORTER for Bank of England / Financial Conduct Authority regulatory reporting. Sumitomo Mitsui Trust Bank, Limited forms the core of Sumitomo Mitsui Trust Group as one of the largest institutional investors and the leading trust bank in Japan. As a London branch of an overseas bank, SuMi TRUST in London is regulated by the PRA and FCA and required to submit both statistical and prudential reporting to the Bank of England. Significant changes are expected from both authorities within the next 12 months namely, European Banking Authority (EBA) Liquidity Coverage Ratio (LCR) in XBRL format, and further complexity is expected to the Bank of England reporting. SuMi TRUST decided to extend its use of REPORTER to London when the rFrame platform it had been using became no longer supported by Wolters Kluwer Financial Services. SuMi TRUST already uses Lombard Risk REPORTER in Singapore and New York to meet local regulatory demands to the Monetary Authority of Singapore and Federal Reserve respectively. While SuMi TRUST went through an extensive review of available UK regulatory reporting systems for UK branches, REPORTER was seen as the vendor of choice to provide a longer-term strategic solution to meet multi-country regulatory reporting requirements and ongoing regulatory support. Cliff Dowton, Head of IT, from SuMi TRUST in London says: “We evaluated a number of regulatory reporting systems to meet our UK regulatory reporting requirements. We selected Lombard Risk REPORTER because of their strong track record in the UK and our own success implementing the solution in other overseas locations.” REPORTER is an end-to-end regulatory reporting solution for the global financial services sector which is used by over 300 firms globally, 160+ for Bank of England reporting and more for EBA Common Reporting here in the UK. REPORTER for Bank of England reporting enables firms to: Automate an end-to-end regulatory reporting process from data acquisition, standardisation through to calculation, reporting and submission via OSCA and GABRIEL Select from multiple deployment options that fit around existing architectures and processes that support a rapid deployment and superior solution total cost of ownership relative to other systems Leverage existing data sources for complete coverage of reporting requirements Achieve enhanced ad-hoc reporting Robert Markham, EMEA Head of Sales Regulatory say: “We are delighted to have expanded our relationship with SuMi TRUST and that they are now live on Lombard R
My takes around the immediate departure of the Founder and 38% shareholder are the 2015 numbers don't look too pretty and perhaps LRM is in play as the likelihood of this controlling interest being shopped around has risen. Maybe fresh management eyes is not a bad thing ?
LRM's SP is like clockwork, rising and falling every year at the same time on ever increasing highs. A very solid growth share indeed.
With a bit of luck these collateral deals will now offset any cashflow impact from the the slow end to 2015. They do appear to be genuinely attractive deals deals however. I also like to see the software being sold globally to blue chip type clients. I'm guessing the MM is sitting on quite a lot of stock which needs to be cleared before price can spike.