UK 22:45 Friday, 23 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Having disappointingly updated last month that earnings would be “materially lower” than expectations “as the result of regulatory delay leading to deferrals in the signing of certain contracts and delays in achieving revenues from certain of the alliance partnerships”, Lombard Risk Management (LRM) has now more positively updated that its collateral management, clearing, inventory management and optimisation solution, COLLINE, “has recorded a significant number of sales and 'go-lives' in the past few months”…
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Comments
Imran
Tom – Lombard looks like a low quality business. Looking back at the last interims (October 2014), the company’s cash flow has been poor for a number of years and this is further evidenced by the paltry dividend it pays. It’s also been capitalising £5m of development spend into intangible assets, which is flattering profits. If this is expensed, the company really generates no profits at all. I’d recommend steering clear of the company, until it can generate cash. The chart reflects this to a large extent.