|Another breakout north is looking very likely.
Usual 10 weeks between end of financial year and results announced should see this share over 26.00|
|Totally agree - they are the likely acquirers
Especially while the dollar is strong v sterling
But they would only do a friendly takeover|
|Who knows? It's not something they do too often but when they do it's often to preceed some particularly strong results. I think we are in for a strong year - the tone of the interims, currency tailwinds, prior year contracts coming on stream and recent broker upgrade suggest - to me - something towards the higher analyst estimates... I wouldn't be surprised if they even come close to FY18 levels. My only real concern is the extent to which penetration in new verticals has been achieved - tough to do and can rack up costs - perhaps best achieved via a business partner alliance?? There is plenty more in FS they can still go after using their existing relationships. That said, come the day that FD becomes a takeover target success in multiple verticals can only help to juice up the offer price. I think your £40 guesstimate is likely at the lower end of the range given the potential inherent in KX. What could an acquiring company do with that product if it had an extensive sales distribution network in place and a solid client base they could pitch it to?? Better too if they had a consulting arm... something like FIS springs to mind, what with Sungard and Capco already in the stable?? Time will tell!|
|Financial Year end on Tuesday 28th
Will we get a trading update in March pre results in May? What do you all think???|
|60,000 sells moped up easily at 2305 - confirmation for me that someone is trying to accumulate stock here|
|I do not see any bid under 40 being accepted by mgt. They know the true value potential of Kx and the applications on this|
|No difficulty in selling a few this am and the small spread supports your view. I am getting a little concerned that an out of the blue bid might appear as I am not holding these in an ISA, so come April it will have to be the start of a bed and ISA move.|
|There is a lot of demand here and underlying strong good news.
I can see this pushing onto 25 very quickly|
First Derivatives links with BGF to support new ventures
Really interesting idea from First Derivatives, the supplier of database technology and provider of Fast Big Data solutions. They are partnering with BGF (Business Growth Fund) to support smaller companies as they get established or exploit new markets.
First Derivatives will provide budding entrepreneurs and business leaders with access to their kx high performance platform and solutions to “unlock the intelligence” within their target market areas. The embryonic and early-stage companies will use FD’s technology to analyse masses of data (real-time, streaming, historical, unstructured, you name it) to develop focused strategies and to understand how best to take their businesses forward. BGF stands ready to support the companies with access to funds (from its £2.5bn balance sheet) and with advice from its executive team. BGF will benefit from the analysis enabled by the kx technology to provide the correct support and improve its ability to select winners for its BGF Ventures activity. First Derivatives should build relationships with potentially large future customers and also gain a better understanding of new market sectors. Some of the ventures may well be able to support First Derivatives business in areas such as cyber security, AI, blockchain, robotics, etc. There could also be scope for First Derivatives to invest in these businesses.
First Derivatives has already made huge progress in the financial services sector and is now applying its technology in retail and other verticals. First half figures showed revenue up by 34% to £72m and EBITDA up to £13.6m. They seem to have found a winning formula. One word of caution though. The BGF venture has enormous attractions, but the management of First Derivatives must ensure that they keep their focus on driving home their advantage in the key markets they serve|
|Some good demand around 23 pounds here.
Usually a sign that more good news is on the way|
|I love this share..!
Sat down last night and read through last years audited accounts and came across something in "note 36 / Financial Instruments / Currency Risk" regarding bank facilities and receivables.
You can go find it from the usual sources if you're interested, but the short story is that the company estimated at the time that a fall in Stg against USD/EUR of 10% would have increased reported equity by approx. £3m, and profit by £2m. The avg ROE's at the time were 1.51 (USD) and 1.37 (EUR). Given current rates over the last 9 months, +£2-3m has got to be on the cards this year. Interest rates have not really moved too much either.
So... given confident half yearly financials and commentary, I think we are looking firmly at the top end of analyst expectations given the current decent economic environment and currency tailwinds. Top expectation I can find is £162.8m (+39% over FY1516- who would bet against that coming in?) so share price got to be in the £24/25 range during the lead up to results day?
Also had a good nose around the KX website. Great stuff out there esp in finance - clearly complemented by the applications that FD have built over the last few years which are now marketed under the KX banner. The "emerging solutions" - particularly retail - look thin, but its early days. Hopefully the quality of offering will strengthen in this area shortly.
If you have not looked over the Kx website recently - do so! S/w applications very impressive.
|into the last trading month of their financial year.
It would be good to get a trading update towards the end of the period|
|Interesting article from the Kx website
Kx 1.1 billion taxi ride benchmark highlights advantages of kdb+ architecture
25 Jan 2017 | kdb+/q, kx, Lambda Architecture
By Glenn Wright
Stellar performance in third-party benchmarks is a tradition at Kx, and now we can add a new benchmark to the list, the taxi ride benchmark developed by Mark Litwintschik.
This latest benchmark (available here) queries a 1.1 billion New York City taxi ride dataset. It captures fares, weather, pick up and drop off locations and times, among other things. This dataset which covers trip data between 2009 and the present day, is made publicly available by the New York City Taxi & Limousine Commission. One of the first individuals to visualize this data was Todd W. Schneider (available here).
In January, Mark tested Kx’s kdb+ database, with its built-in programming language q. Kx’s results were impressive. They clearly demonstrated the advantages of kdb+/q’s simple, scalable Lambda architecture, designed to manage massive quantities of real-time, streaming and historical data at record speeds. To the best of our knowledge, kdb+/q is the only technology that takes advantage of large-scale batch and stream-processing methods in one tool.
Mark has previously tested other software using the same dataset and queries, including Spark, MapD, Presto, PostgreSQL, RedShift and ElasticSearch. To compare these results with kdb+/q’s, it is important to weigh the software’s strengths as a computing engine for complex analytics and the type of hardware configurations it is typically used with.
Our results were over four orders of magnitude faster than any other CPU technology and comparable to GPU-based code. CPUs are still the mainstream choice for most data scientists who need to quickly load and analyze large datasets. Some are turning to GPUs for speed, but they are often finding that there is more coding complexity with GPUs complicating their analytics and increasing the resources required. Therefore it is impossible to make an apples-to-apples comparison between kdb+/q on CPU versus other technologies on GPUs.
In the financial services industry, where kdb+/q has been battle-tested on multi-petabyte datasets and machines, the applications are different than those currently adopting GPUs, they are more compute intensive and demand exceptional data ingest and manipulation speed. Financial firms are currently working almost exclusively with CPUs.
Here are some of Mark’s kdb+/q highlights from the benchmark:
Refreshing not to have a large configuration overhead.
A binary that works well right off the bat and can be tweaked with a couple of flags — a welcome relief from hours of tuning disparate configuration files spread over clusters.
Fastest query times of any CPU-based system, and a record set on one query.
Advantages when data locality is as optimized as it is in kdb+/q. It did an amazing job of breaking up the workload amongst the 1,024 CPU threads in the cluster — opening up a whole new world of optimizations.
To learn more about the Kx taxi demo, check out a video from the Intel Discovery Zone at SC’16 from InsideHPC (available here).
©2016 Kx Systems
Kx® and kdb+ are registered trademarks of Kx Systems, Inc., a subsidiary of First Derivatives plc.|
|Owning the Kx technology is the key issue here and was the deal that truly transformed the future earnings potential of this company|
Seeing a lot of this since kx takeover. 3rd party groups starting to base products on underlying kdb technology.
A set of possible take over targets.
30 seems realistic now.
|the price is getting walked down on very very low volumes - MMs looking to shake out any profit takers.
I for one will not take profits until we get to the £30 level. Too much growth history and important pipeline opportunities here to jump off now|
|In at 1160 and 1300p myself I had a 25% upside target to sell but decided to hang on instead. It did yo-yo between 1200p and 1600p but am glad I held my nerve. Moorsie has been great with the info he posts here and is partly responsible for me retaining the share rather than taking profits lower down. Not even considering top-slicing here as I think there is more to come.|
|As said on 12th Dec - I expect this to run to 2350 by end of Feb.. Exactly when (as in if sooner ) is impossible to say|
|Yes, got in at 157p. Pretty illiquid in those days, but it had a fantastic PEG. Investment now worth 70k. Again kick myself for not buying more.|
|God I love this share, been in from 287p....just wish I'd bet the farm on it. Any other super-long term holders?|
|Indeed, buyers paying 2200 for the first time!|
|Good start to the year here!|
|It has actually been a very quiet year from an IR point of view by First Derivatives. Just looking at the RNS's since the full year results in May and virtually every market announcement has been about Director dealings or the Issue of New Equity.
Come on IR manager give us and the market some more positive news flow!!|
|It looks like it is time for it to break through this price barrier
Once it does I expect it to move to 2350|
First Derivatives off to the shops
Earlier this month First Derivatives, the supplier of Fast Big Data solutions, reported excellent first half figures, see …a winning formula. At the same time, the company stated its intention to redouble its efforts to extend the use of its high-speed database technology into more verticals.
Management has lost no time in declaring its hand in the retail analytics market, having recruited a team of retail technology specialists with experience gained in the likes of Asda and Walmart. First Derivatives had already had exposure in the retail business by working with Cisco and HPE to drive better customer profiling and lead management. The new team will now be looking to broaden the types of retailers that can benefit from faster data analysis. First Derivatives' portfolio will aim to support decision-making in terms of directed propositions and offers and to improve inventory management and internal processes.
When we spoke with the management at the time of the results, they were confident that the company can build a strong position in the retail analytics market. It certainly offers significant potential, as the company quotes market size statistics of US$5bn and annual growth of 19%. Building a business in the retail vertical may take some time, but the company’s momentum in its core business should ensure good growth at both the top and bottom line. We can expect additional initiatives to exploit other verticals in the not too distant future.|