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FFastFill (FFA)

Business description

FFastFill develops and markets a derivative trading software-as-a-service platform for banks.

Cash starts to roll in

Flash note | Technology | 19/11/2009

FFastFill has today released a robust set of interim results, as it moved to a £0.5m operating profit (H108: £0.4m loss). Core SaaS revenue grew by 27% and now represents 73% of total revenue (H108: 59%). Cash flow was strong with the net cash position expanding by £1.2m to £2.7m over the six months. Given that major SaaS software development is now behind it, and the SaaS order book continues to expand, the requirement for any further fund raisings is now abating. This will take pressure off the share price and we believe FFastFill shares can continue to track towards 10p.

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Stock data

Market cap.£104.7m
Last close19.750p
High / Low (52 weeks)19.8p / 19.8p
Stock market listingLN
Forecast net cash (£m)4.8
Forecast gearing ratio (%)N/A

Price performance

Relative *(1.8)(2.2)(7.1)

* % Relative to local index