Market reaction fairly typical, nothing unusual. |
 FD Technologies (AIM: FDP.L, Euronext Growth: FDP.I) announces that it is partnering with Amazon Web Services (AWS) to launch kdb Insights as a fully managed cloud-native service on Amazon FinSpace, AWS's data management and analytics service for the financial services industry.
The launch ofAmazon FinSpace with Managed kdb Insightsbenefits existing KX customers by providing a path to quickly and easily migrate their kdb workloads to the cloud and benefit from the Python-enabled capabilities it provides. It will also be attractive to new customers who will benefit from the performance and cost efficiencies KX is known for within a data management system that is purpose-built for financial analytics and fully managed by AWS.
All customers will also benefit from an AWS managed service, which in addition to security and stability provides round the clock monitoring and incident management, delivering an accelerated path to meeting compliance requirements.
KX and AWS are working together on the go-to-market strategy for the service and customers will require a KX license, with pricing based on usage. In addition to its presence on Amazon FinSpace, kdb Insights is also generally available for use across all industries on the AWS Marketplace.
Leading global investment banks are evaluating using Amazon FinSpace with Managed kdb Insights as the Timehouse foundation for their trading and quantitative research applications. By deploying it on Amazon Finspace, they will accelerate the migration of their KX applications to AWS while also modernizing their computing foundation to provide greater agility and performance, resulting in improved financial operational controls.
"With Managed kdb Insights, customers can now set up full scale kdb applications for market data processing and analytics in just a few clicks," said Saman Michael Far, VP of Financial Services Technology at AWS. "We see this as a turning point for our capital markets customers, where moving the core of their market data analytics to the cloud will ensure their most critical analytics are available when needed and provide them with a virtually unlimited ability to experiment with their analysis and gain insights."
KX CEO Ashok Reddy said, "KX is trusted by the world's top banks and hedge funds to manage billions of transactions and trillions of dollars every day. With the launch ofAmazon FinSpace with Managed kdb Insights, our customers can experience unparalleled levels of performance versus price thanks to the market-leading capabilities of our Data Timehouse technology and the powerhouse that is AWS. This is a further collaboration between KX and a leading cloud hyperscale partner and is expected to support our future growth ambitions |
KX revenue: 2019 80.2m, 2023 80m
What an amazing 5 year journey.
The watershed moment partnership with Microsoft resulting in 0 additional revenue but rest assured, the promised land of AI is now just visible over the hill, because time series data is somehow now useful for language processing despite never having been useful for it at any time in the preceding 20 years.
As usual no mention of the body shopping business which is now 72% of revenues vs 40% in 2019, because need to keep pretending its a software biz.
Another 650k for Seamus, 413k for Ryan and of course 200 for Donna.
The fun part will be to see in May what % of profits just these 3's comp is. |
FD Technologies plc issued an upbeat trading update for the year ended February 28th 2023. Group revenue is expected to be up 12% to approximately £296m, Group EBITDA is expected to be approximately £35m with strong performances at KX and First Derivative offset by a weak demand environment at MRP. The balance sheet improved to net cash position at the year end of £0.4m compared to net debt of £7.4m at end August 2022.The business is extending its trajectory of solid and reasonably profitable growth. Valuation is a cloud, forward PE ratio at nearly 40x is unhelpful, the share price also lacks positive momentum. FDP is a decent quality, mid-cap Tech name worth monitoring for the longer run, but there is no rush to buy....
...from WealthOracle |
and back to sleep again |
Thanks, hadn't clocked that. |
Tipped somewhere? |
Either way guys I don't think any of us should be complaining about the stock price momentum |
Brummy - As good a guess as any tho' FDP have made zero headway with Kx in the last 5 years so not sure that AI is going to suddenly be a game changer for them - a triumph of hope over experience perhaps.
A broker ramp in front of Brian's wife ditching the rest of her stake? (am getting too cynical in my old age) |
I suspect it might partly be because of this (Re AI upside for KX Insights). FDP discussion starts at 36:05 |
I'd like to know what has pushed this higher in the last few weeks, lately on half decent volume. Absolutely no clue. |
kabouter still selling down I see and others taking there stock |
It's a tax loss outfit and nothing moreYou should see the pay scale for the latest batch of hires. Better off on welfare or stacking shelves Top bleeding it dry on the back of low paid novices who walk at first opportunity |
I see they hiring a few grad again on minimum wages. ????Imagine it's really a training school using cheap labour |
They can keep sucking but without price appreciation all their options are worthless as is management |
Roll up, Divvi Money being set up:
FD Technologies (AIM: FDP.L, Euronext Growth: FDP.I) announces that on 14 November 2022 the Company allotted 14,000 new ordinary shares of £0.005 each in the Company ("the Ordinary Shares") pursuant to the exercise of share options by certain employees.
Application has been made for the new Ordinary Shares to be admitted to trading on AIM and Euronext Growth and it is expected that admission will take place on 18 November 2022. The new Ordinary Shares will rank pari passu with the existing shares of the Company. Following this allotment, the total issued share capital of the Company will increase to 28,031,354 ordinary shares. |
More stats fun....
Pre covid H1 2020 software revenues were 31.5 and gross margins of 81%..
H1 23 they're 27.6 (but hey, ARR) and gross margins 72%. The software biz, on which they try and use for the ludicrous valuation, has shrunk 13%.
In 2021 there was net income of 6.427m and Seamus K had a salary of 450k or 7% of net income.
In 2021 Tim Cook of Apple made 98m on net profits of 95bn. To get paid in the same manner as Seamus Keating, Tim Cook would have to have his pay multiplied 75x. If you work for them and are reading this, as have been told some are, you should probably ask for a raise since they're boasting "wage inflation managed successfully". Rules for thee but not for me etc
Remember given 708 profit per year per employee, if just one of the leadership team didn't fly London to Belfast weekly for 400 the cost savings would be the equivalent to 30 employees.
If Seamus K got a salary of a similarly ranked AIM company (Stephen Shakespeare @ YouGov, mk cap 750m, salary 350k, profits 36m), the 150k savings would be equivalent to 150 employees. |
It's nothing now but a tax write off Options worthless so anyone worth having will walk to a well managed and competent organisation One trick pony this now and and ageing one |
Rabb missing in action https://fdtechnologies.com/about/executive-team/ |
He lasted little over a year He needs to update his LinkedIn!https://www.linkedin.com/in/ericraab |
What's to stop KX being cloned and tweaked? If all they are doing is hiring yellow pack grads it's hard to believe anything other than chaos, wokeness and general baby sitting is happening The stock has collapsed, zero interest and the latest set of "dresses up" results have been seen as putting lipstick on a pig What planet do they think investors are living on when we see nothing but companies downsizing and these clowns are crowing about increasing head count with inexperienced graduates |
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