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FFastFill (FFA)

Business description

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

SaaS book grows

Update | Technology | 09/04/2010

FFastFilll has released a trading update that reveals the pressure its customer base has been under as a result of the financial crisis. Nevertheless the group has continued to win new customers, including HSBC, and the SaaS order book is still expanding. While the credit crunch has deferred some revenues, we remain of the view that there is a major opportunity to drive revenues per customer higher to deliver a business with c £20m in sales and margins of over 20% within three years.

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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
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual0.00.00.0
Relative *(1.8)(2.2)(7.1)

* % Relative to local index