Fd Technologies Public Share Discussion Threads

[muzerewa] 06/12/2024 14:52

any idea when? Pass, but I assume quite soon now that the divestment has completed.

[luckyjohn1] 05/12/2024 12:46

Wonderful any idea when

[muzerewa] 05/12/2024 11:28

How much per share? ca. £4, via tender offer topped up by special divi.

[luckyjohn1] 03/12/2024 14:41

How much per share will we get

[swiss paul] 03/12/2024 11:49

3rd December 2024

COMPLETION OF Divestment of First Derivative



FD Technologies (AIM: FDP.L, Euronext Growth: FDP.I) is pleased to announce that the sale of First Derivative to EPAM Systems, Inc. has completed, pursuant to the terms previously announced by the Company on 7 October 2024.

[craffert] 26/11/2024 21:16

Thats me out...nice run from £8 to £20...may go higher but a lot of road between now and getting Kx to cash positive...may enter again here in 2027 if they look like delivering that

[martinmc123] 26/11/2024 13:13

FDP – FD Technologies
3*
FD Technologies posted H1 numbers which were in line with expectations. This reflected strong performance from KX where revenue increased 5% to £39.5m, with annual recurring revenue up 8% reported, or 10% at constant currency, to £74.6m. First Derivative revenue, on the other hand, was softer at £78.8m which was down by 2% compared to H2 FY24, but still reflected a resilient performance against anticipated ongoing challenging market conditions...from WealthOracle

wealthoracle.co.uk/detailed-result-full/FDP/1018

[craffert] 14/11/2024 09:28

2nd Dec and this becomes a fast growing pure play tech SaaS company rolling out across systemic growth sectors of the tech economy...AI, Data centres and Industrial Automation

[swiss paul] 14/11/2024 09:25

Top up Time?

[swiss paul] 14/11/2024 09:24

14 November 2024



FD Technologies plc

("FD Technologies" or the "Group")



Proposed Divestment of the First Derivative Business - Satisfaction of Conditions



FD Technologies (AIM: FDP.L, Euronext Growth: FDP.I) is pleased to announce that all conditions precedent to completion of the sale of the First Derivative Business to EPAM Systems, Inc. (the "Divestment"), as further described in the announcement in respect of the Divestment dated 7 October 2024, have been satisfied. The Divestment is expected to complete on or around 2 December 2024.

[swiss paul] 24/10/2024 14:53

FD Technologies (AIM: FDP.L, Euronext Growth: FDP.I) announces that the Resolution put to Shareholders at the General Meeting of the Company held earlier today to approve the sale of the First Derivative Business to EPAM Systems, Inc. (the "Divestment") was duly passed. The Divestment remains subject to certain other conditions set out in the Company's announcement on 7 October 2024 and is expected to complete in the fourth quarter of 2024.



Voting was conducted by way of poll on the Resolution proposed at the General Meeting. The number of votes for and against the Resolution put before the General Meeting, as well as the number of votes withheld, were as follows:



Resolution

Votes for

%

Votes against

%

Withheld

Total votes

Approval of the Divestment

20,435,660

100.00

128

0.00

0

20,435,788

[craftyspeculator] 15/10/2024 08:15

think they will hold back about £60m for Kx investment, £20m to repay debt, leaving £150m for special divi.....leaving Kx behind well funded, profitable and with likely revenue > £100m in FY25 .... put a 10x revenue on that and re-list on NASDAQ for a billion

[elcortez22] 14/10/2024 14:44

I'm hoping for a special dividend of 3 or 4 pounds here and the share price staying over 14. Is a relisting in USA on the cards? As a pure software company it could easily be valued as double in the us

[swiss paul] 07/10/2024 09:55

Well what a turn up
FD Technologies plc

("FD Technologies", the "Company" or the "Group")



Proposed Divestment of the First Derivative Business, trading update and notice of GM



- Successful conclusion of structure review to best position the Group to drive value for all stakeholders

- Intention to return excess cash to shareholders

- FD Technologies to be a pure play opportunity on AI-driven innovation through KX



FD Technologies (AIM: FDP.L, Euronext Growth: FDP.I) announces that it has entered into an agreement to sell the Group's First Derivative Business to EPAM Systems, Inc. ("EPAM" or the "Purchaser") for an enterprise value of £230m (the "Divestment"). The Divestment is expected to complete in the fourth quarter of 2024, subject to shareholder approval, amongst other things.



Highlights



Thebenefits of the Divestment are that it:



·

provides the optimal organisational structure and allocation of capital to drive value for shareholders, as determined by the Group's structure review, announced in March 2024

·

enables the Company to focus on KX, the part of the Group with the largest value creation potential, and provides funding for KX to become cash generative, with the resources to execute on the exciting growth plan in its target markets achieves an attractive valuation of £230m for the First Derivative Business generates synergies for KX through a partnership with EPAM to provide professional services capabilities in key markets provides a platform for the First Derivative Business within a global professional services company with the scale and resources to support its growth ambitions
enables the repayment of the Group's net debt, amounting to approximately £20m on 31 August 2024

facilitates the return of excess cash to shareholders, details of which will be communicated at the time of interim results in November 2024.

[craftyspeculator] 23/5/2024 12:18

so they sell the consulting business for 1.5x revenues (c £250m), pay down £15m of debt, return £150m to shareholders and keep the other £85m for a big investment behind the profitable Kx (Rev £79m) which is growing at double-digit rates and becomes a beautiful high margin recurring revenue software play on big data/AI....delist Kx from AIM and bring it back on NASDAQ in 18 months for a valuation North of $1bn

[badger36] 21/5/2024 11:23

I sold most at 13 and bought wgs in US at average 3 dollars. Now over 20. When you management is inept and unaccountable together with nepotism it's time to bail

[swiss paul] 13/3/2024 17:12

Con - touching cloth - good call

[swiss paul] 11/3/2024 17:44

mwaaahhh - I hold more than that,
Ryan Preston that on 8 March 2024 he purchased 1,735 Ordinary shares of 0.005p each in the Company at 1,200p per share.
but at least its a sign eh

I see Jeffries are muddying the water

[tsmith2] 11/3/2024 12:14

meaningful dir purchase

[craftyspeculator] 08/3/2024 16:05

www.irishnews.com/news/business/why-kx-can-be-the-norths-next-billion-pound-company-O2RYQBGWGZDVRB7C7MYQNKVBYU/

[con90210] 07/3/2024 18:09

Inside the next quarter!

[swiss paul] 07/3/2024 16:05

I feel this will recover to the 1250p quickly.

Define quickly! :-)

[con90210] 06/3/2024 18:07

Nope this will recover

[swiss paul] 06/3/2024 17:20

Now Now Now - what do we have here?
Jefferies Financial Group Inc
Increase from 5.23 - 5.26, but I think its ia a tidying up exercise