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FFastFill (FFA)

Business description

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

Strong SaaS story

Update | Technology | 20/05/2010

FFastFill has released annual results in line with last month’s trading update. High margin SaaS revenues have continued to grow in FY10 while other activities have declined. The group is now comfortably profitable and with its major investment phase behind it, FFastFill is generating healthy cash flows. 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

Price performance

Relative *(1.8)(2.2)(7.1)

* % Relative to local index