Fd Technologies Public Share Discussion Threads

[slacker22] 11/6/2015 13:23

close to jan 2014 high

[moorsie2] 11/6/2015 11:35

A real shortage of shares around even at 1450p.

Looks like it will have to go higher to shake out more sellers to fill buy needs

[mach100] 11/6/2015 10:59

1400p holding up well now. Looks like we can move on towards 1500p once buyers return in volume. I can now get 1421p for a sale so I would say we are ticking along nicely while establishing higher bases.

[mach100] 09/6/2015 23:13

Yes I agree about the divi Moorsie but it is a useful return when combined with capital growth. pays for dealing charges elsewhere at the least :)

[moorsie2] 09/6/2015 10:40

To be fair Mach100 at these price levels the dividend does not have a significant material affect on share price action.

This is being driven by expectations and the very bullish language of the company in the last few weeks.

Stuff like "all the heavy lifting is done" is relation to its transition to a new bigger organisation and integration of acquisitions is very significant.

I for one will not be surprised to see a profits upgrade before or at the half year results and the analysts moving on the target to above £20 per share.

I will be surprised and disappointed if we are not at circa £17-18 by year end...

[mach100] 09/6/2015 10:35

Yes, moving in bounds.It goes ex-divi Friday week and I hope by then we are solidly over 1400p

[moorsie2] 09/6/2015 08:43

There she goes!

[moorsie2] 08/6/2015 16:56

Uncrossed trade went through at £13.50 - this augers well for the rest of this week.

Last few days of share price at £13 something this week.

[moorsie2] 08/6/2015 13:36

I expect a run to 1450 and then a drop back to consolidate just above 1400

[mach100] 08/6/2015 12:36

Through a crucial resistance point of 1300p and looking perky in what is in general a down day for markets. I expect a quick run up to 1400p in short order.

[moorsie2] 08/6/2015 09:27

Nice start to the week..

[glavey] 04/6/2015 18:09

Decent volume again today - someone lightening their position post results. Fair enough. Buy on the dips and hold for the autumn.

[moorsie2] 03/6/2015 15:28

Big volumes traded today and yesterday for this share.

Looks like a floor being set at £13 and any further demand will take this swiftly up by 10 to 20% over the coming weeks and months

[moorsie2] 02/6/2015 13:27

From III

Big data software supplier First Derivatives (FDP) has been popular in City circles for years. Raising money to fund growth has never been a problem. It's been heavily backed by investors, too, and the share price shot up as much as 6% following better-than-expected full-year results. Management has also told analysts that this year's results will exceed current estimates.
Pre-tax profit rocketed 120% to £17.5 million in the year ended 28 February on revenue up nearly a fifth to £83.2 million. Strip out one-off items – largely a £9.58 million gain following the revaluation of FD's original stake in Kx Systems - profit still jumped by 17% to £10.8 million.

Work for the world's biggest banks meant FD's consulting business delivered a twelfth consecutive year of double-digit percentage growth - up 15% to £58.3 million. But the smaller software division, which excels at quickly analysing huge datasets for City traders, grew by 29% to £24.9 million. Nine of the top 10 investment banks use FD's flagship kdb+ and Delta products, mainly for market surveillance, trading, regulatory reporting, transaction cost analysis and algorithmic testing.

Getting to this point has required some heavy investment. There has been a series of acquisitions, plus a stakebuild at Kx Systems Inc, funded by an oversubscribed placing in February and another in March. But it's been worth it.

"We've now achieved our strategic position," finance director Graham Ferguson told Interactive Investor. "We've done the hard yards and are now delivering on investment over past five years." And management now expect current-year numbers to be "moderately ahead of current market forecasts".



(click to enlarge)

That's why Panmure Gordon rushed to upgrade forecasts. Analyst Adam Lawson now expects adjusted cash profit of £22.3 million in the year to February 2016 - it rose 24% to £15.5 million this time - and £25.5 million the year after. However, a slightly higher adjusted tax rate assumption numbs the impact on earnings slightly to 51.9p and 60.1p, respectively.

FD shares currently trade on a lofty 25 times forward earnings, and there's stiff technical resistance at around 1,333p (see chart). However, earnings are growing fast and a bounce off support at the 200-day moving average looks convincing. Half-year results in early November are tipped to impress, too. Lawson still rates the shares a 'buy' with a 1,657p price target.

[moorsie2] 02/6/2015 09:40

Mach100 - actually the language is very strong compared to their normal tempered language during other periods of growth. That is the big difference I read into this at the moment.

They quite obviously see themselves at the start of a new heightened cycle of growth based on significant investments and acquisitions in the business over the last 2 to 3 years.

I am happy to hold all my shares for this entire new cycle

[mach100] 02/6/2015 09:29

Hi Moorsie. Great results today. I think we are on the cusp of 1300p now. A nice rise this morning already. FDP move in bounds when they move as they are illiquid. Once 1300p is breached I expect a strong run to 1500p in short order. Nice hike in the divi and as you rightly say very moderate language in the face of sparkling results.

[moorsie2] 02/6/2015 09:10

Panmure Gordon have reiterated their strong buy note this morning after the results were announced with a target price of £16.57 per share.

I think the days of sub £13 are behind this share now and we will be trading in the £13- £16 range for the rest of this calendar year.

[moorsie2] 02/6/2015 07:16

Very bullish commentary from the Chairman and also CEO, This is normally a very prudent company in terms of language and results so such change in language is very significant.

I can see a strong demand in these shares now - this was the update that I was looking for.

[johnroger] 01/6/2015 19:49

Results tomorrow

[blackbox1] 29/5/2015 11:36

Bit of movement ahead of results which is nice! Anyone got thoughts on why the company would change their NOMAD from CS to Investec? The obvious one to my mind is a broader and deeper reach into corporate investors but I would appreciate thoughts. I always thought CS research was ok.

[mach100] 26/5/2015 12:10

26/05/2015Investec Initiates/Starts Buy 1,209.50 OLD TARGET n/a Target Price 1,535.00

Good upside therefore if Investec are right. 25% and when this moves, it moves in bounds.

[mach100] 19/5/2015 16:43

Starting to break out I think. Now nosing above 1200p. Hopefully we will see some buying in the run up to the results in about two weeks.

[lauders] 26/4/2015 01:59

Not an investor here but have watched for a while. Did not note anyone mentioning this so just doing my good deed for the day:



Relevant part: Stock picks

Moving on to some of the stocks Slater has been buying recently (and in some cases owned for a while), he highlighted IT consultancy First Derivatives, which he said was a good, solid growth business.

He pointed to a solid track record of 15-20% earnings growth and that it was embedded with big firms. In particular, he said the company's 'market surveillance' technology had been implemented by the Australian Securities and Investments Commission and that a big reference customer like that could create a 'food chain' where others start to buy the same thing. First Derivatives recently acquired one of its key technology partners and had broadened its product range. Slater said the shares were on 21x earnings and a PEG of just over 1.


- See more at:

[slacker22] 26/4/2015 01:15

Very overdue an update. What is happening here?