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That's quite a decline. Just because Tuson resigned, does it really mean he'll be selling his shares? Or has this fallen merely in anticipation that he might? If the latter is true and Tuson then doesn't sell then this a real opportunity to buy. However if he then sells this will fall further.
Is the recent drop in share price simply because Tuson has resigned ? Think he had about 3 mio shares in LRM most of which he was granted last August at 5.5p so he has done ok. Any other news out there that I have missed?
Haha if only I had the money to build the dream portfolio I'd like, eh? Because, the sad thing is, I spot a lot of good shares and rarely have the money to buy into them. And, when I do have money, I usually have to pick my favourite, I continue to watch the ones I like the look of (like LRM) but often find I miss the boat by the time I eventually have the money to buy in! LRM is one of those shares. I like the look of it but I can't afford to buy it yet. But yeah I totally agree with you - LRM should do very well ... in time (as you said). I feel strongly about this because LRM are taking advantage of the increasingly regulatory environment banks face both here and the US. And, especially in the US, it is getting exciting and LRM's business opportunities are growing! :)
All IMO, DYOR, blah, blah etc ;-D)
Jeez Libero you get everywhere ;-) I'm just consolidating my portfolio, (selling the dross and adding to the good)...and I am just about to add here to the holding I bought last October...I think it should do well, given time. Best regards, as ever, Blue
Of the business model here where it's set to make gains off if the increasingly regulated financial industry. Have added it to the watch list and will research this properly next week.
Hi, rumours of a buyer for Lombard risk? Anyone heard anything?
Smashed it!
Just back from a few days in France. Jolly, your posting just too subtle... Glad I sold both HAT and ABM before the recent falls. Will watch and wait before dipping toe into both again.
...I was just trying to be Jolly & playful ...had a look at HAT?
Hi Jolly power to build what ?
..
somebody selling around 100,000 on a daily basis for past week.
huge trades coming in/out here....
bigtrade...500k's following it....
Good article , thanks for that.
Another contract win,,,,,,,,,no stopping LRM,,,,,,,,,,, http://bit.ly/16lPumM
Any ideas as to why the large trades today?
big trade....
Outlook The Board remains cautiously optimistic about the prospects for the Company in the short to medium term and believes we are on track for the current year, with the obvious cautionary note that big events such as a meltdown in the Eurozone or a longer than expected postponement of European regulatory deadlines could affect the timing of the Company's revenues. I would like personally to thank the many staff in London, New York, Shanghai and elsewhere who have really gone the extra mile for us in the last few months. It is much appreciated as is the excellent support of our shareholders, bankers and advisors.
Finance Review Revenue increased to a record £7.7m (2011: £6.4m) with licence revenue increasing by 6% to £3.5m (2011: £3.3m). Annually recurring revenues totalled £3.6m (2011: £2.6m), being 46% (2011: 41%) of total revenues. Operating profit before depreciation and amortisation (EBITDA), increased to £2.0m (2011: £1.9m). Cash at the end of the period was £1.5m (2011: £1.3m) with £2.0m debt (2011: £Nil). The debt arose as a result of the acquisition made in December 2011. The Company raised £1.4m (net) in the period by issuing new shares and used £0.4m (2011: £Nil) to service and repay debt and paid a dividend of £0.1m (2011: £0.1m). In line with expectations, trade and other receivables reduced by £0.7m in the six month period. Capitalised development costs totalled £1.9m (2011: £1.3m), representing 70% (2011: 73%) of total research and development costs. The increase reflects the drive to develop new products, including a module for European Banking Authority's Common Reporting (COREP) and REFORM™. The COREP module has been sold to twenty customers to date and REFORM™ has been used as the underlying technology in the Company's Dodd Frank and EMIR transactional reporting sales, including the significant contract announced on 4 October, for which no revenue has been recognised to date.
Current trading and outlook · Twenty COREP contracts signed to date for a mix of existing and new customers. · Continuing trend towards greater regulation necessitating mandatory spend. · Increase in reporting requirements around derivatives reform (e.g. Dodd Frank and EMIR) creates opportunities to sell solutions using REFORM™. · Additional modules increase the breadth of COLLINE, including a CLEARING (CCP) module which satisfies a mandatory requirement of many financial institutions. · The Board is cautiously optimistic about the outlook and prospects of the business for the second half of the year.
Interim results for the six months ended 30 September 2012 Lombard Risk Management plc (LSE:LRM) ("Lombard Risk" or "The Company"), a leading global provider of collateral management, liquidity and regulatory reporting and compliance solutions for the financial services industry, is pleased to announce its interim results for the six months ended 30 September 2012. Highlights · Revenue up 20% on same period last year at £7.7m (2011: £6.4m). · EBITDA of £2.0m (2011: £1.9m). · EBITDA after fully expensing all development costs was £0.1m (2011: £0.6m). · Profit before tax of £1.3m (2011: £1.8m). · Cash at period end of £1.5m (2011: £1.3m) with £2.0m debt (2011: £nil). · Successful equity placing to raise £1.5m completed in June 2012. · Investment in the development of COREP, COLLINE® modules and REFORM™. · New transaction reporting platform, REFORM™, launched and sold as the foundation of solutions to satisfy Dodd Frank and EMIR transaction reporting requirements. · Interim dividend of 0.025 pence (2011: 0.020 pence) per Ordinary Share to be paid on 16 November to shareholders on the register as at 2 November 2012.