Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Lombard Risk Management (LRM) is a leading provider of specialist regulatory reporting (40% FY17 sales) and collateral management solutions (60%) employing 337 staff. Predicting the exact moment when large contracts land is never easy, but made doubly difficult if customer purchasing decisions are impacted by outside forces. This has been the case for LRM in the first half, as several chunky orders have been pushed to the right ahead of new MiFID II rules being introduced on 3 Jan’18. Not leas...
Founded in 1989, Lombard Risk Management (LRM) is a leading provider of specialist regulatory reporting (40% FY17 sales) and collateral management solutions (60%) employing 385 staff. Today’s results show the company knock the ball out the park in relation to turnover (up 44.8% organically to £34.3m, or ED est. of +40% constant currency), adjusted EBITDA (£2.6m vs previous ED est. of -£0.4m), PBT (-£1.6m vs ED -£4.1m) and closing net cash (£6.8m vs ED £1.4m). But also came news that th...
Founded in 1989, Lombard Risk Management (LRM) is a leading provider of specialist regulatory reporting (47% H1’17 revenues) and collateral management solutions (53%) employing around 280 staff. These niche solutions are used by >340 institutions, including 30 of the top 50 global banks. 40% of revenues are recurring, coming from annual maintenance and support agreements, while 58% is denominated in non-sterling currencies. Many bank executives often complain about the reams of financial red-t...
Lombard Risk Management (LRM) is a leading provider of specialist regulatory reporting (47% H1’17 revenues) and collateral management solutions (53%) employing around 280 staff. 40% of revenues are recurring, coming from annual maintenance and support agreements, while 58% is denominated in non-sterling currencies. Thus providing robust forward visibility and a natural hedge against any possible future £ weakness. It is unusual to find a high tech software stock like LRM that is expanding...
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
​Founded in 1989, Lombard Risk Management (LRM) is a leading provider of specialist regulatory reporting (47% H1’17 revenues) and collateral management solutions (53%) employing around 380 staff. These niche solutions are used by >340 banks, hedge funds, asset managers, prime brokers, corporate treasuries, utilities, oil groups, trading houses and other institutions. 40% of revenues are recurring, coming from annual maintenance and support agreements, while 58% is denominated in non-sterling...
Two Directors at Lombard Risk Management bought 709,501 shares at between 9.0p and 9.3p. The significance rating of the trade was 53/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over...
​Lombard Risk interims (22nd October) pave the way to a profitable full year FY16, ongoing sales growth. H1 sales growth was 16.1%. Nonetheless, we are trimming our FY16 sales estimates by £0.3m in order to be conservative. We also note the spending on sales, marketing and a likely rise in expensed technology spend for FY16. FY15 was a difficult year, with profit downgrades and the CEO departing in May. At the time we stated 'medium term undimmed'. These interims confirm this, both financiall...
Lombard Risk product suite is focused on GRC (governance risk, compliance) solutions. FY14 saw expansion of 22% in revenue, after 31% (18% organic) the previous year. For FY15E we have reduced estimates to minimal top line growth, followed by revenue growth of 16% in FY16E. These top line reductions feed through to the bottom line. We have materially reduced FY15E and FY16E PBT. The end March 2015 balance sheet should hold net cash, which we expect to rise by the year end FY16E balance she...
Lombard Risk Management’s product suite is focused on GRC (governance, risk and compliance) solutions and is thus an essential part of the ‘plumbing’ in the global banking system. The September 2014 order backlog of £5.1m remained near its all-time high reported six months prior. Strong new contract growth came through 1H15, e.g. 121 COREP contracts including 62 new names over the life of the programme (27 new last year).
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