Con - touching cloth - good call |
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 |
meaningful dir purchase |
www.irishnews.com/news/business/why-kx-can-be-the-norths-next-billion-pound-company-O2RYQBGWGZDVRB7C7MYQNKVBYU/ |
Inside the next quarter! |
I feel this will recover to the 1250p quickly.
Define quickly! :-) |
Nope this will recover |
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 |
Is that Jeffries taking out some options?
Con do you want to adjust? |
I feel this will recover to the 1250p quickly. Yesterday's fall well over done imo. |
ClownWorld I was actually concerned that was the case but I listened to the full 30 Nov 23 investor AI event...I'm happy that the relationships with AWS and MS are deeper based on the presentation - I suggest you listen to it ... all 3 hours hxxps://fdtechnologies.com/investor-relations/news-results/presentations/ |
McDonald's selling your burgers?like the price action have dipped toes |
“ They now have very credible partners on Kx in AWS, Microsoft, embedding the tech into these tech giant's AI propositions, so there is a real possibility that this business can achieve the long awaited explosive growth. ”
They are partners in the same way I am a partner of McDonalds when I buy a happy meal. They simply have the image of their software available on the marketplace. Remember each of these ‘partnerships’ had resulted in zero new sales as uses have to bring their own license. Their AI talk is also pie in the sky. Do you think Google wouldn’t already be using it if it was faster? Or developed their own APL like language? Do FD have genius developers Meta don’t? K is fundamentally just a terse syntax, which is itself written in C. |
 I think this is now a medium risk high reward buy. MRP shoved off to the side is a good thing, and hopefully their partners buy the remaining equity when they get comfortable with it. But lets assume its worth nothing. What is left is consulting and Kx, generating £22m EBITDA. Assume consulting generates 60% of this = £13m. As a long established business in FS sector and a play on regulatory, it has to be worth 10x EBITDA so call that £130m in a sale process.
Then we have Kx, which is a pure play on data and AI, but also established tech rather than some new spin-out university start up, generating the remaining £9m EBITDA after a year of re-positioning the tech. They now have very credible partners on Kx in AWS, Microsoft, embedding the tech into these tech giant's AI propositions, so there is a real possibility that this business can achieve the long awaited explosive growth. Strategically they need to forget about MRP, flog off consulting, take the cash and put it all behind Kx growth.
Then get the hell off AIM, and bring the business to NASDAQ in 2025, as a pure play on AI. With evidence of ARR of > 100% and EBITDA of $20m the business could float at 30-60x earnings....not out of the question...as there are AI start-ups in the US valued at $2.6bn before they have done anything. |
If these get over £10, could see a decent intra-day rally. watching for now |
Harsh Swiss Paul, harsh. |
Well what a disaster. Yet again my sympathies Julia as having to watch your the fantastic company your husband built being trashed by these clowns must be galling.
The con5inuing shareholder destruction is shocking.
Relating to the above shareholder holding I contacted the company. It took 4 calls until I spoke with some head honcho in their Investor Communications. What a clown.
No interest shown in the shareholder, no discussion, very defensive. I left the call feeling that thisc was a company I did not want to be part of. More is the pity that I did not follow up my convictions with a sell.
I will now wait to see who has reduced their holdings. I’m hoping that this new active investor will add and use that to gain a place on the board and give these the kicking they deserve.
Regards
Swiss |
Interesting update today.. |
Not showing on their web page Last Updated: 23rd January 2024
Juliana Conlon 14.33%
Octopus Investments Ltd 12.22%
Columbia Threadneedle 11.19%
Baillie Gifford & Co 11.12%
T Rowe Price Associates 5.49%
Canaccord Genuity 4.75%
Liontrust Asset Management 3.81%
Gumshoe Capital 3.01%
But I hope so - about time someone started to challenge this lot.
NEDS are useless |
Irenic Capital Management of NY has taken a 5.87% stake. Website says very little but reads like an activist investor is getting involved. |
Strange one and out of nowhere
Name
City of registered office Cayman Islands
Country of registered office Grand Cayman
Gumshoe Master Fund LP
5. Date on which the threshold was crossed or reached
14-Dec-2023
6. Date on which Issuer notified
15-Dec-2023
7. Total positions of person(s) subject to the notification obligation
% of voting rights attached to shares (total of 8.A)
% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)
Total of both in % (8.A + 8.B)
Total number of voting rights held in issuer
Resulting situation on the date on which threshold was crossed or reached |
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