LRM have just announced their second contract win in 3 days. The latest is to provide its regulatory reporting software to Bank Leumi in New York and London. The previous
one stated "... Lombard Risk has been awarded a contract to provide its REPORTER regulatory reporting software in Hong Kong and Singapore for a major wealth management banking subsidiary of a leading Asian bank with group assets in excess of US$150bn... "

No values, probably at the insistence of their clients, and the market reaction was positive but muted. However against a market cap of £25M yielding a PE of about 7 it looks an encouraging improvement in their fortunes.

Dividend paying too (OK yield < 1% but growing. Magic formula score is A+ (one of my personal favourite measures)

Could be a classic GARP investment. I have bought a small holding and, now financially involved, will do some more research and post further if it still looks interesting to me.

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