RFL - Rubik Financial

[springhill]

Another 1.137mill traded today, with exactly 1 million of that at 2:33pm.
Did Coleman pick up another 1mill today for the Coleman Family A/c?

Director Andrew Moffat picked up the volume of around 1mill in the above post.
2 directors. 1 million on market shares purchased each within a week.
Pretty big vote of confidence

[springhill]

Announcement out today Andrew Moffat adds another 67,103 shares purchased on-market

[springhill]

SADIF Analytics upgraded Rubik Financial

http://reports.pr-inside.com/sadif-a...d-r3377723.htm

[springhill]

Agreement reached for Collections and Recoveries system

Rubik has signed a contract to provide a new Collections and Recoveries system for the retail business of one of Indonesia’s top four financial institutions. This government bank is a new client for Rubik.
Rubik advises that:
- This customer will be replacing their current, separate technology platforms with the latest version of CWX, our flagship collections product, which will include the new integrated, web-based agency management module.
- CWX will manage collections operations for more than 2,000 staff and 50 third-party agencies located in many of Indonesia’s cites and islands.
- Implementation will start in October and the system ‘go live’ is planned for mid 2013.
- This is the second use of the new module, which has potential with 20 existing customers in high-volume environments such as SE Asia, Pakistan and Australia.

Rubik CEO, Brent Jackson says “We are pleased to build long-term relationships with new customers, especially when we provide a product which will meet and cater for their projected portfolio growth over the next few years.”

[skc]

Agreement reached for Collections and Recoveries system

I haven't looked at RFL for some time. Looks like you did very well holding. Great work.

What's your expectation for the quarterly?

[springhill]

I haven't looked at RFL for some time. Looks like you did very well holding. Great work.

What's your expectation for the quarterly?

Nothing earth shattering this quarter, an overview of recent sales.

Next quarterly should be the one to watch more closely as RFL head towards the 'go live' point of this years sales to date.

Hoping they can maintain or increase pattern of sales leading up to end of year, still plenty of upside here IMO

[springhill]

http://www.investordaily.com.au/15392.htm

Rubik strikes technology deal with offshore bank

Rubik Financial has signed a new financial agreement to provide services for the retail business of one of Indonesia's top four financial institutions, the company has revealed.

Rubik, an Australian-based provider of financial technology, will provide a new collections and recoveries system to the Indonesian client, who could not be named as it remained under confidentiality, Rubik chief executive Brent Jackson told InvestorDaily.

"We are pleased to build long-term relationships with new customers, especially when we provide a product which will meet and cater for their projected portfolio growth over the next few years," Mr Jackson said.

Implementation has already begun, with a go-live date for the system planned for mid 2013.

The bank would replace its current separate technology platforms with the latest version of Rubik's CWX system, which includes a new integrated, web-based agency management module, managing the collection operations of more than 2,000 staff and 50 third-party agencies in Indonesia.

The CWX system ran on customer-based collections rather than product-based collections, allowing banks to see the complete customer relationship in one spot, Mr Jackson said.

"The CWX system allows you to see all the products used by the customer so you can make a single call to them about all their issues in a single view, thus [communicate] with them more effectively, rather than not understand all the different relationships they have with the organisation," he said.

In addition, many Australian banking institutions still functioned on product-based collections but were beginning to push towards customer-based systems, Mr Jackson said.

"If you had a credit card and a mortgage with the same bank, they may have two different collections systems making calls to you about the problems with the two accounts.

"Australian banks have very large product-based systems and they're all trying very hard to move across to customer aggregation in a way that allows them to deal with a customer, rather than a product but they all have different levels of difficulty given their existing systems."

Rubik was continuing its discussions with banks in the Middle East and Singapore about changing over to newer capabilities.

[springhill]

Rubik's new COIN acquisition gets a mention here.
http://www.moneymanagement.com.au/an...ncial-planners

COIN has 23% market share, RFL obviously think they are able to lift this with better management of the system. Can it make headway into Iress' XPlan with a 37% market share?

[springhill]

For the first time in a long time RFL have reported a decent positive Net Operating Cash Flow for this quarter of $1.21m.

Previous results have been,
31/7/12 - ($199k)
19/4/12 - ($44k)
24/1/12 - $160k
26/10/11 - $226k
28/7/11 - $102k
20/4/11 - ($751k)
28/1/11 - ($696k)

Good to see them heading in the right direction, I will be watching the next quarterly cashflow report closely.

[springhill]

The vast majority of RFLs sell side was cleaned up yesterday. Started the day with approx 1.1m sell, ended the day with just over 300k sell. Around 480k of those were cleaned up after the bell.
I am working off memory here guys so those figures are approximations.
Looking for RFL to break the 12c mark next week.

Best of luck to holders.

[springhill]

The vast majority of RFLs sell side was cleaned up yesterday. Started the day with approx 1.1m sell, ended the day with just over 300k sell. Around 480k of those were cleaned up after the bell.
I am working off memory here guys so those figures are approximations.
Looking for RFL to break the 12c mark next week.

Best of luck to holders.

RFL touched that 12c figure today but fell back to 11/11.5c. Buy side had 600k evaporate near close of play.

[springhill]

http://afr.com/p/technology/rubik_on...QPm0qt2evcMQaI

RFL on the look out again. As they seem retiscent to issue further shares to fund acquisitions, I am guessing further debt is on the cards.

[springhill]

Rubik Financial Limited, the ASX-listed provider of wealth management software COIN, is pressing on with new initiatives in response to adviser demand.

Rubik managing director of Wealth, with immediate responsibility for COIN, Wayne Wilson, explained that scoped advice is driving the need for planners to prepare a plan for a client quickly and efficiently.

In response to this need Rubik is developing a roadmap for its COIN program, which it expects to sign off before Christmas.

Further information in the link below.

http://www.investordaily.com.au/15522.htm

[springhill]

It has been a rather languid time for RFL over the last month and a half. I have taken profits recently in the interests of financial responsibility, but still hold a nice parcel of shares which I expect to perform well over the next 12 months.
As always sales are the key to RFL success, hopefully we will see some increased action on this front in the New Year.
RFL are ever moving towards 'go live' status on some recent sales, and the purchasers of said products are still to be revealed.
Could be a period of interesting announcements in the next 3 months and the financial gains reaped from new customers should see a markedly improved bottom line for RFL at EOFY13.
An entry during times of lull in activity can be an opportunity to reap rewards during times of strong activity.

[springhill]

For the first time in a long time RFL have reported a decent positive Net Operating Cash Flow for this quarter of $1.21m.

Previous results have been,
31/7/12 - ($199k)
19/4/12 - ($44k)
24/1/12 - $160k
26/10/11 - $226k
28/7/11 - $102k
20/4/11 - ($751k)
28/1/11 - ($696k)

Good to see them heading in the right direction, I will be watching the next quarterly cashflow report closely.

Following up on this post, net operating cashflow for this quarter was just under $1.5m.

[herzy]

Following up on this post, net operating cashflow for this quarter was just under $1.5m.

If I may ask, what is your desired outcome for this stock? At what point would you sell out? I understand you are a long-term holder?

[springhill]

If I may ask, what is your desired outcome for this stock? At what point would you sell out? I understand you are a long-term holder?

I unloaded a few more today @ 11c, at this point RFL owes me nothing.

I don't have a desired outcome herzy, except to see increase in the value of my holdings.

The direction I take with RFL holdings will be based on further sales disclosures and a steady continuation/increase in net cash flow.

At this point I am looking no further than the end of this financial year, I will assess my options as the year progresses.

[springhill]

RFL closed at a 4.5 year high yesterday of 13c.

IMO mostly based on a transition to better, and hopefully sustained profitability.

Would like to see another sale soon.

Then again, maybe the recent volume and SP increase is based around that.

[springhill]

With the sale of 16m shares in an XT yesterday, a Ceasing to be Substantial Holder notice has been issued bringing to a close the unloading of nearly 20m shares.
The positive being that this many shares being sold has not dented the RFL share price.

I am curious if the buyer of the 16m parcel was the Wylie family?

We may see some nice accumulation ahead of some positive announcements occurring in the next month.

[pods]

With the sale of 16m shares in an XT yesterday, a Ceasing to be Substantial Holder notice has been issued bringing to a close the unloading of nearly 20m shares.
The positive being that this many shares being sold has not dented the RFL share price.

I am curious if the buyer of the 16m parcel was the Wylie family?

We may see some nice accumulation ahead of some positive announcements occurring in the next month.

springhill, what do you think about this stock from a technical analysis point of view? at the 14.5/15c mark, it seems to have started to break through it's resistance level. If it does and does well, it could go well above 20c given a few weeks, as breakouts are usually followed by a step rise/decline in that direction. Do you see this breakout from the resistance level as being meaningful?