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Q4 and 2016 financial report, CC on 3/14/17....
$IFMI
http://www.ifmi.com/wp-content/uploads/2017/03/IFMI-Sets-Release-Date-for-4Q16-and-Full-Year-Financial-Results.pdf
$IFMI - delays in financials. Wonder what is up?
$IFMI 1.28 Annual report due anytime. Links to Q3 & 9 months review
Institutional #Financial Markets Inc
http://www.ifmi.com/wp-content/uploads/2016/11/IFMI-Announces-3Q16-Financial-Results.pdf
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11661882
All SEC filings
https://www.otcmarkets.com/stock/IFMI/filings
http://www.ifmi.com
Something is up....another 40K shares just got snagged.
Over 300K shares on the day.
Crooked MM`s here. Always closing the price lower than the actual closing price with small trades after hours always at 4:02 and uses that as the closing price. Its been going on for months. Why is a trade after hours allowed to be used as the official closing price??
Here's what I figured out from the 2015 filings. As of Q3 2015 the net loss for the year was (.09). In the 10K for 2015 the net loss was stated at (.28) meaning IFMI had a Q4 loss of (.19) Big surprise at end of quarter. So TTM for now is (.02) - big improvement over 2015. The 2016 Q4 will be critical - they could return to profitability for the first time in many years.
The fully diluted 0/s is 17,261,992, so that would put BV at $2.70/share. Yes, undervalued.
Interesting that they have given out divis steadily during losing years.
OK. I guess I was wrong, they do file. Must have mixed them up someone else. I'll take a deeper dive.
From Q3 here's what I got...$IFMI 1.28..Q3 ended September 30, 2016, we repurchased shares of Common Stock in the open market..announced .02 dividend
Institutional Financial Markets, Inc.
http://www.ifmi.com/
Q3 Press
http://www.ifmi.com/wp-content/uploads/2016/11/IFMI-Announces-3Q16-Financial-Results.pdf
SEC Filing
https://www.sec.gov/Archives/edgar/data/1270436/000127043616000028/ifmi-20160930x10q.htm
Outstanding Shares
12,089,182
a/o Oct 28, 2016
http://www.otcmarkets.com/stock/IFMI/profile
Book Value Per Share
3.21
Average Volume (3 month)
17,750.47
Average Volume (10 days)
35,228.70
http://seekingalpha.com/symbol/IFMI/key-data
I'll take a look again. Been on my watch list. I think the reason it is undervalued is because it doesn't report to the SEC. I'll have to calculate a TTM EPS if I can find a fourth quarter earnings PR. But of to store first.
What do you think now? $IFMI - Bought a few, 400shrs
@1.21. Looks undervalued but to be honest I don't
know the interworkings of it. More work to do.
TY
$IFMI - US Mortgage rates jump to 2 year high
https://www.bloomberg.com/news/articles/2016-12-22/u-s-mortgage-rates-jump-to-more-than-2-year-high-after-fed-hike
POS market maker here undercutting the ask when larger orders hit the ask then he follows up with a 100 lot trade at the bid to nullify any upward movement.... What a joke!
I can`t believe that there isnt any volume here especially with a quarterly dividend and 3 positive quarters. I dont get it.... $IFMI
I was wondering about that as well. What is the driver of this company? Is it just a matter of interest rates rising and a little deregulation to drive up earnings? I am impressed that it both survived the financial meltdown, and that management has trimmed so much fat as to allow for three straight quarters of profit.
I couldnt agree more and with the election result we have it should bode EXTREMELY well for $IFMI.
I like this stock. In a climate of eventual Fed rate hikes, this looks like it could be a huge gainer over the longer term.
I just reported to the SEC that the market maker is listing the closing price as the after hours trade that he keeps doing when he makes a trade at a much lower bid price then what it was when it closed. Total BS
I had picked up a small position, but after re-evaluating dumped it. I'll continue to watch - on my list.
illegal,I hope IFMI hard work paid off last quarter. "IFMI is beginning to realize the benefits of our team's hard work, and we remain focused on positioning the Company for future success and value creation."
I am not sure if buying shares before earnings is a good idea.
Time to re-evaluate that comment.
illegal, I hope so,let's see if the company is profitable this company.
Genlou, I think you spotted a good one here.
Salty,good information.
IFMI looks pretty good.
According to Scottrade 50.7% of the OS is insider owned.
Looks promising. let's see if they are profitable next quarter.
Fourth Quarter Net Income of $3.7 Million or $0.19 per Diluted Share
Fourth Quarter Adjusted Operating Income of $4.7 Million or $0.23 per Diluted Share
Full Year Adjusted Operating Income of $5.8 Million or $0.29 per Diluted Share
Full Year Total Operating Expenses Decreased $23.2 Million, or 29%, from 2013
Board Declares Dividend of $0.02 per Share
Sale of European Operations Expected to Close in First Half of 2015
PHILADELPHIA and NEW YORK, March 5, 2015 (GLOBE NEWSWIRE) -- Institutional Financial Markets, Inc. (IFMI), a financial services firm specializing in credit-related fixed income investments, today reported financial results for its fourth quarter and year ended December 31, 2014.
Net income was $3.7 million, or $0.19 per diluted share, for the three months ended December 31, 2014, compared to net loss of $1.7 million, or $0.08 per diluted share, for the three months ended September 30, 2014, and net loss of $6.1 million, or $0.28 per diluted share, for the three months ended December 31, 2013. Net loss was $3.7 million, or $0.17 per diluted share, for the year ended December 31, 2014, compared to net loss of $19.9 million, or $1.08 per diluted share, for the year ended December 31, 2013. Excluding impairment of goodwill, net loss would have been $0.6 million for the year ended December 31, 2014.
Adjusted operating income was $4.7 million, or $0.23 per diluted share, for the three months ended December 31, 2014, compared to adjusted operating loss of $0.1 million, or $0.01 per diluted share, for the three months ended September 30, 2014, and adjusted operating loss of $6.4 million, or $0.32 per diluted share, for the three months ended December 31, 2013. Adjusted operating income was $5.8 million, or $0.29 per diluted share, for the year ended December 31, 2014, compared to adjusted operating loss of $17.7 million, or $1.00 per diluted share, for the year ended December 31, 2013. Adjusted operating income is not a measure recognized under US generally accepted accounting principles ("GAAP"). See Note 1 on page 4.
Revenue was $17.8 million for the three months ended December 31, 2014, compared to revenue of $10.6 million for the three months ended September 30, 2014, and revenue of $11.7 million for the three months ended December 31, 2013. Revenue was $55.8 million for the year ended December 31, 2014, compared to revenue of $57.5 million for the year ended December 31, 2013.
Total operating expenses were $55.5 million for the year ended December 31, 2014, compared to $78.6 million for the year ended December 31, 2013, a reduction of $23.2 million or 29%. Excluding the impairment of goodwill charge in 2014, the annual total operating expenses would have improved $26.3 million, or 33%, from 2013.
Compensation as a percentage of revenue was 43% for the three months ended December 31, 2014, compared to 63% for the three months ended September 30, 2014, and 82% for the three months ended December 31, 2013. Compensation as a percentage of revenue was 53% for the year ended December 31, 2014, compared to 82% for the year ended December 31, 2013. The number of employees was 111 as of December 31, 2014, compared to 118 as of September 30, 2014, and 148 as of December 31, 2013.
Non-compensation operating costs, excluding depreciation and amortization and impairment of goodwill, were $5.7 million for the three months ended December 31, 2014, compared to $4.3 million for the three months ended September 30, 2014, and $8.6 million for the three months ended December 31, 2013. Non-compensation operating costs, excluding depreciation and amortization and impairment of goodwill, were $21.5 million for the year ended December 31, 2014, compared to $30.0 million for the year ended December 31, 2013, a year-over-year reduction of 29%.
Lester Brafman, Chief Executive Officer of IFMI, said, "We are pleased that the execution of our strategic initiatives is starting to positively impact our operating results as IFMI reported its best quarterly adjusted operating income in over four years. The pending sale of our European subsidiaries is on track to close in the first half of 2015. Today, IFMI is beginning to realize the benefits of our team's hard work, and we remain focused on positioning the Company for future success and value creation."
Capital Markets Revenue
Net trading revenue was $8.2 million for the three months ended December 31, 2014, compared to $6.3 million for the three months ended September 30, 2014, and $6.0 million for the three months ended December 31, 2013. Net trading revenue was $28.1 million for the year ended December 31, 2014, compared to $38.5 million for the year ended December 31, 2013. The increase from prior quarter was primarily due to more trading revenue from the Company's corporate groups, while the increase from prior year quarter was primarily due to more trading revenue from the corporate, SBA, and TBA groups. The decrease from prior year was primarily driven by the restructuring and consolidation of the Company's U.S. broker-dealer operations in the second half of 2013, particularly the elimination of certain business lines and a significant reduction in the number of revenue producers from the prior year period.
New issue and advisory revenue was $2.2 million for the three months ended December 31, 2014, compared to $0.3 million for the three months ended September 30, 2014, and $1.2 million for the three months ended December 31, 2013. New issue and advisory revenue was $5.2 million for the year ended December 31, 2014, compared to $6.4 million for the year ended December 31, 2013. The increase from both prior quarter and prior year quarter was primarily due to European advisory fees received in the fourth quarter of 2014. The decrease from prior year was primarily due to the termination of the Company's SPAC investment banking team in early 2014, partially offset by the European advisory fees received in the fourth quarter of 2014.
Wonder if I can get a job here...???
From today's filing...
Compensation and benefits expense was $8.0 million for the three months ended March 31, 2014,
They knocked that one outta da park...
~ Monday! $IFMI ~ Earnings posted, pending or coming soon! In Charts and Links Below!
~ $IFMI ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=IFMI&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=IFMI&p=W&b=3&g=0&id=p54550695994
~ Google Finance: http://www.google.com/finance?q=IFMI
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=IFMI#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=IFMI+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=IFMI
Finviz: http://finviz.com/quote.ashx?t=IFMI
~ BusyStock: http://busystock.com/i.php?s=IFMI&v=2
<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=IFMI >>>>>>
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
Institutional Financial Markets, Inc., formerly Cohen & Company Inc., is an an investment firm specializing in credit-related fixed income investments. The Company operates in three business segments: Capital Markets, Asset Management and Principal Investing. The Capital Markets business segment consists of credit-related fixed income sales and trading as well as new issue placements in corporate and securitized products and advisory services. The Asset Management business segment manages assets within a variety of investment vehicles, including investment funds, managed accounts, permanent capital vehicles, and collateralized debt obligations. As of December 31, 2010, the Company had $10.3 billion in assets under management (AUM). The Principal Investing business segment is comprised primarily of its investments in the investment vehicles it manages. On January 1, 2010, the Company ceased to qualify as a real estate investment trust (REIT).
http://www.google.com/finance?q=IFMI
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