PRAEMIUM LIMITED
Increase in Demand During End of Year Reporting Period
PPS - June 2008 Quarterly Report - Mr Arthur Naoumidis, MD
Thu, 31 Jul 2008 12:00PM
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Mr Arthur Naoumidis
Thu, 31 Jul 2008
12:00PM Australia/NSW
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PRAEMIUM LIMITED (PPS)
ASX code: PPS
Website: http://www.praemium.com.au
Industry: Software & Services
Principal Activities:
Portfolio administration services
Address:
406 Collins Street, Level 1
MELBOURNE
VIC
Phone: (03) 8622 1222
Fax: (03) 8622 1200
Executives & Directors
Dr Donald William Stammer , Chairman
Mr Arthur Naoumidis , Managing Director, CEO
Ms Cathryn Nolan , Director, Investor Relations
Mr Robert Edgley , Non Exec. Director
Mr John Bryson , Non Exec. Director
Mr Phillip Ince , Chief Op. Officer
Mr Steven Stamboultgis , CFO
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Company ASX Announcements
Company ASX announcements can be viewed on the ASX website.
Announcements from the preceding six months are shown below.
Please refer to the relevant stock exchange if any of the above information is incorrect
PRAEMIUM LIMITED (PPS) Events
Australia/NSW
PRAEMIUM LIMITED (PPS)
| Heads of Agreement for new Wrap and SMA Service | Tue, 18 Nov 2008 |
| Final Director`s Interest Notice | Tue, 11 Nov 2008 |
| Chairman`s/Group CEO`s Address to Shareholders | Mon, 10 Nov 2008 |
| Results of Meeting | Mon, 10 Nov 2008 |
| Appendix 4C - quarterly | Fri, 31 Oct 2008 |
| September 2008 4C Commentary | Fri, 31 Oct 2008 |
| Service Agreement with UBS will not be finalised | Mon, 27 Oct 2008 |
| Correction to Appendix 3B | Wed, 22 Oct 2008 |
| Appendix 3B - issue of options to staff | Tue, 21 Oct 2008 |
| Three UK Sign Ups to SMARTfund | Mon, 20 Oct 2008 |
Please note: This company appears on this website as a result of its listing on the Australian Securities Exchange. Boardroom Radio does not claim any association with any company listed on this site.
INTERVIEW WITH ARTHUR NAOUMIDIS, MANAGING DIRECTOR OF PRAEMIUM LIMITED (PPS)
“Increase in Demand During End of Year Reporting Period”
http://www.brr.com.au/event/48745
THURSDAY, JULY 31, 2008, 12:00 PM.
BRR Today Boardroom Radio speaks with the Managing Director of Praemium, Mr. Arthur Naoumidis, on the latest quarterly report. Welcome to Boardroom
10 Radio, Arthur.
PPS Good morning, Terence.
BRR Arthur, the Company did release its quarterly report out today. Can you give us some of the key highlights of what has happened over the latest quarter at
15 Praemium?
PPS Terence, we have just released our quarterly cash flow statement for 4C which shows that net cash outflow of $2.5 million for the quarter which is pretty much in line with what we expected, so giving us a total of $3.9 million or just under $4 million for the half year, end of June 30. The other key item is
20 that as of June 30, we had established $13 million in the bank and we have reported in the commentary that the June and July are probably our record months for standard portfolio growth in V-Wrap if we exclude the large institutional client (inaudible) (0:00:50). I think this is reflective of what we see as good opportunity for us in this difficult market, mainly because what we are
25 finding is that there is a lot of pressure on reducing costs in the general market, and hence, we are getting a lot more queries and potential clients coming to us. So, I think that bodes well for us. The other key item that I would like to point out to shareholders is that the June quarter does not include any contribution from UBS, whereas the March quarter did. We are
30 expecting later this year for UBS to go live and then UBS can start contributing to our revenue and cash flow. Similarly, another item that shareholders might not be aware of, our largest client is Asgard, and our fee basis for Asgard is based on the value of their portfolios. Now clearly, since November, the values decreased I think an average of about 30% across the
35 market, so that has had a corresponding impact to the fees that we receive from Asgard. We expect that clearly to turn around when the market improves. Now the other key items for us is that as of the end of June 30, 159 organizations have deployed our p-Desktop product which is a market data and also market trading system, of which 27 organizations have upgraded to
40 live streaming and one organization is using our service to transact to the market. We have also had 143 organizations in the process of or are deploying SMA capabilities using our infrastructure. So, I think we are very well poised in both standard V-Wrap and our SMA in Australia going forward. The other item of note in the last quarter is that we announced a couple of
45 weeks ago that our final commercial prospectus has been launched with the FSA in the UK which also positions us very well to start, I think, earning some money from the UK over the next few months. That is a quick summary, Terence.
BRR Arthur, thanks very much for that wrap-up for the latest quarterly for Praemium.
PPS Thank you, Terence.
5 BRR Remember, if you have any questions about this broadcast or any others, please feel free to send me an e-mail at brr@brr.com.au or via the Contact Us button on the home page. I am Terence Bell. Thanks for listening to Boardroom Radio.
INTERVIEW CONCLUDED
Contact brr@brr.com.au for more information
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