Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
SYS-CON.TV
Top Links You Must Click On


Hennessy Advisors, Inc. Announces Annual Earnings of $0.17 Per Share

NOVATO, Calif., Dec. 6, 2012 /PRNewswire/ -- Hennessy Advisors, Inc. (OTCBB:HNNA) today reported fully diluted earnings per share for the fiscal year ended September 30, 2012 of $0.17, a decrease from the prior fiscal year earnings of $0.21 per share.  Total assets under management increased almost 23% from $749 million at the beginning of the fiscal year to $919 million at the end of the fiscal year, primarily driven by positive market impact.  However, based on the timing of asset flows throughout the fiscal year, the average level of assets under management during the period dropped to $823 million from $883 million for the previous year.

"Our business strategy is two-fold: to grow our mutual fund assets under management through marketing and sales, and to strategically purchase management related assets.  Despite strong returns for the major U.S. financial market indices and positive performance for each of the Hennessy Funds, we believe that investors are still fearful and that confidence has not yet fully returned, and net flows into our Funds were roughly flat for the year," said Neil Hennessy, President, Chairman & CEO of Hennessy Advisors, Inc. "Fiscal 2012 did present a fantastic opportunity for Hennessy Advisors, Inc. to make a strategic purchase of assets. On October 26th, 2012, we successfully completed the purchase of the assets of the family of ten FBR Funds, bringing our total assets under management to $3.1 billion. The Hennessy Family of Funds now includes sixteen mutual funds, including traditional domestic equity, sector specific and specialty categories, as well as more conservative balanced and fixed income funds," he added.

"All of us at Hennessy Advisors are confident that continuing to focus on our successful and proven business model, while showcasing the newly expanded Hennessy Funds line-up, positions the company well for today and for the future," said Mr. Hennessy.  

About Hennessy Advisors, Inc.

Hennessy Advisors, Inc. is the publicly traded investment manager of the Hennessy Funds. Hennessy offers a broad range of domestic equity, sector and specialty, and balanced and fixed income products. Hennessy employs a consistent and repeatable investment process, combining time-tested stock selection strategies with a highly disciplined, team-managed approach.

Supplemental Information

 

Hennessy Advisors, Inc.








Financial Highlights








Year to Year











Twelve Months Ended 



Fiscal Year


Sept. 30, 2012

Sept. 30, 2011

$ Change

% Change

Total Revenue


$           7,071,709

$          7,644,116

$           (572,407)

-7.5%

Net Income


$              970,875

$          1,214,959

$           (244,084)

-20.1%

Earnings per share (diluted)

$                    0.17

$                   0.21

$                 (0.04)

-19.0%

Weighted Average number of





shares outstanding (diluted)

5,754,336

5,743,628

10,708

0.2%

Mutual Fund Average Assets 





Under Management


$       823,432,620

$      883,819,028

$     (60,386,408)

-6.8%








At Period Ending Date


Sept. 30, 2012

Sept. 30, 2011

$ Change

% Change

Mutual Fund Total Assets





Under Management


$      919,261,936

$      749,310,346

$     169,951,590

22.7%

Retained Earnings


$        15,747,939

$        15,462,221

$            285,718

1.8%

SOURCE Hennessy Advisors, Inc.

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Enterprise Open Source Magazine Latest Stories . . .
Dell and Red Hat Inc. have announced the availability of co-engineered, enterprise-grade, private cloud solutions based on OpenStack, the Dell Red Hat Cloud Solution, powered by Red Hat Enterprise Linux OpenStack Platform. The companies also have extended their collaboration to enable...
Last week was a crazy week for information security. That's probably also the understatement of the year. With the public exposure of Heartbleed, everyone was talking about what to do and how to do it to help customers and the Internet, in general, deal with the ramifications of such a...
Jelastic on Tuesday announced support for multiple ISV software packages in Jelastic’s products for enterprises, hosting service providers and developers. This support is achieved using OpenShift by Red Hat’s pluggable Cartridge standard, allowing those developers to build application ...
Red Hat on Monday announced OpenShift Marketplace, a one-stop shop that will enable customers to find and try solutions for their cloud applications. The OpenShift Marketplace will bring the power of Red Hat's OpenShift Platform-as-a-Service (PaaS) partner ecosystem directly to OpenShi...
ActiveState on Monday announced that Bernard Golden has joined the company as Vice President of Strategy. Named in Wired.com as one of the ten most influential people in cloud computing, Bernard has extensive experience working with organizations to help them adopt and integrate cloud ...
IBM has identified mobile devices, cloud computing and four other trends that are looking to shape the federal information technology of the future, according to Jane Snowdon, director and chief innovation officer at IBM Federal. In an op-ed for Federal Times, Snowdon writes that mbil...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021




SYS-CON Featured Whitepapers
ADS BY GOOGLE