We announced our FY 2013 results last week. Revenues up 31% (18% if include the REG-Reporter acquired business) and EBITDA up 77% and PBT by 61%. It was great to see our investors with such relatively good news; some of them are really getting to understand our business well and their ideas are always a good challenge. The forecasts in the market are now assuming a 15% or so growth in revenues over the next few years but the question …

“The year was a record year both for revenue and profit with 31% headline growth in revenues to £16.8m and a rise of 77% in EBITDA to £5.3m. This growth was achieved despite the European Banking Authority delaying new regulatory reporting requirements in our key EMEA market, which deferred some revenues into the next period. “We enter the new financial year with our highest level of recurring revenues ever, our highest contractual backlog to date, a healthy sales pipeline and …

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I have acquired just under 10% of Rivington Street Holdings plc (PLUS:RIVP). Rivington, chaired since 2010 by Jim Mellon and led since June 2012 by Mark Robertson,  has a diverse portfolio of assets including the T1ps newsletter,   the Master Investor conference, the independent research offering Growth Equity & Company Research, Bluecurve Software and Jovus Software both of which are invaluable to brokers producing research notes, the PR firm Bishopsgate Communications and other assets. “This is a very interesting company to …

We announced a share placing last week and I’d like to thank the institutions who came in. It is good to have Herald Investment Trust as one of our shareholders alongside Legal & General Investment Management who increased their shareholding. We gained some other excellent names as our shareholders, but it’s not appropriate for me to name them as they are below the 3% level. The events in Spain this week-end show that the Eurozone crisis is still very far …

I am again at the FIA conference which is attended by many very senior people from the futures and now OTC derivatives industry, so an excellent place to catch up with a lot of people in three days.  It is astonishing how much post-crisis regulatory driven change there has been in the derivatives market, and how big the impact is for the top firms. Some of the reform has, frankly, been costly and ineffective in reducing risk. Some of that …

It finally looks as if the Greek debt crisis is solved, at least until the next one. Let’s truly hope that what has been done creates enough of a firewall for other EU countries. I still worry about the amount of debt that European banks need to refinance in the next two years.  The fact that it is finally triggering Credit Default Swap payouts is a relief – it would have been a travesty if that hadn’t happened. But to …

I am pleased to report a 10% rise in revenues and a significant rise in profitability for the six month period, as well as a net cash position of over £1.3m at the end of the period. The collateral management business performed particularly well. The rise in revenue was despite the fact that this financial year is a year of comparatively little regulatory change in the UK. Read the full report on the London Stock Exchange Download the interim reports

I am on my way to the FIA conference in Florida which starts later today. Unlike ISDA which I have visited most years I have never been to this conference before as our main derivatives business has been in the OTC derivatives market, including the collateral management and valuation of these instruments. However the move by regulators to force a lot of banks’ derivative trades onto futures exchanges makes it a much more relevant gathering for Lombard Risk, and I …

As I have said before in this blog, my motivation in writing it is partly to communicate with small investors who miss out on the regular contact with the company which institutional investors expect, but I am also aware that it is widely read by clients and prospective clients as well as others. We announced today that Lombard Risk had returned to profitability in the first half of this financial year and had grown its revenues by 34% against last …

The last few weeks have been a historic time for the UK, with the removal as expected of the tired and discredited Labour Government that had been in power for 13 years, but more significantly the coming to power of the first coalition government in the UK since 1945 led by the Conservative leader David Cameron. In respect of the City, there are some large policy differences between the Conservatives and the LibDems but it’s hard to imagine that a …

We announced yesterday a series of board changes designed to allow the company to grow to the next stage. Assembling such a strong team and announcing it all at once does take quite a bit of effort and organization, and I must say I have been looking forward to the long May Day week-end. We now have a board that will work well together, a supportive broker and other advisors, and a very exciting commercial outlook. That is as much …

I am writing this blog in Japan where we have historically strong relationships with some of the top Japanese banks in the derivatives, risk and regulatory areas. I always enjoy visiting Japan. We have now extended our Japanese business to Japanese regulatory reporting (BOJ and FSA) where we have already won two non-Japanese bank customers. This is a further part of our commitment to Asia where we now have over 100 employees. We have also had commercial success in Asia; …