Fd Technologies Public Share Discussion Threads

[craffert] 03/11/2017 09:59

Database Co. Mkt Cap

Oracle $210bn
MS (SQL Server) $648bn
IBM DB2 $142bn
SAP Sybase €121bn

All the above were built for old world computing environments like overnight batch processing, not real time, internet era speed of querying/analytics and real time decisions.

Value of Kx?

[moorsie2] 02/11/2017 15:41

This looks like a classic MM play to shake out weak holders and for them to get their hands on some stock before moving the price on by another 10% in the near short term - possibly after results.

Would not be surprised to see it drift down to 3350-3400 by Monday afternoon before starting to move up again by close of Monday and then move on significantly to high 30s on results day

[moorsie2] 02/11/2017 15:03

Sitting primed now for the trading results on Tuesday.

The comments around Kx and market opportunities and successes thus will be the key watch out

[moorsie2] 30/10/2017 16:41

finished at highest price today and 1p spread. looks like this has more to run this week with unfilled orders still outstanding

[mach100] 30/10/2017 15:57

I love the penny spread!

2017-10-30 15:53:35 3,620.00 21 Buy 3,619.00 3,620.00
2017-10-30 15:52:16 3,619.00 52 Sell 3,619.00 3,620.00
2017-10-30 15:51:38 3,620.00 80 Buy 3,619.00 3,620.00

Very rare for FDP.
Step back! There is gonna be fireworks I tell ya.

[moorsie2] 30/10/2017 14:39

looks like it could finish today over 37

80k shares traded with two hours of the market still to go versus an average of 15k per day

[mach100] 30/10/2017 12:30

Over £36 pounds now and still time for a good run up to results which I think are next week. No reason why we can't hit £38 at this rate by results day.

[algo1] 30/10/2017 11:47

MoorsieBit of bump today, probably some institutional buying. Nice piece in the FTfm this morning on the rise of AI in asset management. Didn't mention kx by name but clear to me that it ticks all the boxes. No doubt next-gen capital market analytics moving in Kdb's direction. I'm expecting a firm pipe and confident outlook for interims - perhaps tempered by limitations in human capital availability. Wonder if FD will go shopping for Kx skills - limited choice but Aquaq seems to the one that would bring a bit of muscle and scale, not to mention restoring a quasi market monopoly on services.I came across FD professionally just after they floated and attended public events where Arthur W / Simon G etc spoke at. It remains a mystery to this day for me as to how Kx wasn't hoovered up by an IBM or Oracle a while back - perhaps the Kx shareholders just didn't like them?Anyway - FD stands to benefit and things will come good in time.

[windsor430] 30/10/2017 10:42

Plenty of billion pound firms the world over (inc AIM here) with lower growth, less profit (let alone £12.5m), EPS traction & less spectacular prospects

[moorsie2] 30/10/2017 10:17

Big volumes already this morning. Looks like my analysis of institutional investors wanting to take a piece is accurate.

Lets see where it runs to. But as said before, no one is getting my shares

[legg96] 30/10/2017 09:27

Moorsie,
Making nice progress this morning. Glad I made my recent top ups. The word is spreading as to what a quality company we have here.

[moorsie2] 29/10/2017 08:55

Very strong trading on Friday.

I believe that a number of institutional investors are actively trying to get a position here. But as shares are so tightly held it is proving very difficult.

I am expecting now over 3500 by the results day on 7th Nov and depending on the numbers and the comments around Kx profitable penetration into new markets then it could also rise on 7th

[moorsie2] 25/10/2017 15:44

Idiot - Albanyvillas.

Stick to a thread on the share you refer to.

[albanyvillas] 25/10/2017 15:22

SMS

~Check out the chart

SMS

[moorsie2] 25/10/2017 15:22

Thanks Algo1 - you seem extremely knowledgeable about Kx so good to have you on the board.

I have been a long term holder of FDP ever since I came across them in consulting 10 years or so ago.

What area of expertise are you in? What do you think needs to be done to have Kx recognised by the mainstream and large consultant companies as the clear market leader and technological game changer that it is?

[algo1] 25/10/2017 13:36

If you're inclined to get to grips with Kx, some of the collateral on their website is really excellent these days. The papers on retail, for example, explain good use cases. The tech ones, e.g. the one written by Glenn comparing Kbd+ v Hadoop, are also compelling, if a little dense to wade through.Kx will take time to penetrate new markets - part of the challenge is to educate prospective clients that "conventional" stacks - Hadoop components, Oracle RDBMS, etc etc - on which many a career has been built - simply are not as good as KX. That's why IMHO the early clients are (1) bright (i.e. They get q/Kdb+), (2) operate at the frontiers of analytics (i.e. They know about R, Stata, SAS, ABAP, Hadoop, HANA, etc, and understand their limitations), (3) want to crush the incumbents in their space and (4) treat the advice of their "consultants" - pwc, Accenture, McKinsey and the like - with a grain of salt as those companies don't fully get Kx yet either. Half of them have never even heard of it, let alone used it in anger.Patience required for a while yet while industry takes time to "get it". Once that's achieved - Bingo.FD will deliver in time.

[moorsie2] 25/10/2017 10:28

The Kx website is highly impressive.

Also looking at the management team - it has been bulked out with key FDP people.

This is the true jewel in the company but its value has only really been unlocked since being bought by FDP. This has allowed its core product to be marketed better and sold better to create huge value.

This is going places..

[algo1] 25/10/2017 09:58

MoorsieAgreed. Don't know if you've read the presentation given by the Ontario elec utility at a recent conference - it's buried in the kx website - but simply astonishing results. Talk about a use case! Who knows where KX will ultimately go but my view is that we are still in the foothills. Mid 40's not base camp, but not summit either.

[moorsie2] 25/10/2017 09:24

Berenberg today initiates coverage of First Derivatives PLC (LON:FDP) with a buy investment rating and price target of 4100p.

----------------

Nice to see new people tracking the share and seeing the intrinsic value of the company at a much higher level than existing market.

4100 is not unrealistic considering the new markets being opened by Kx and its deployment via FDP's team of developers and consultants.

Personally I see 4100 as only a staging post for valuation and the next few years are an exciting time to hold this share.

[djon] 23/10/2017 10:03

First Derivatives Adds a Healthcare client to the list.
Having announced a deal in the gaming market last week, this week the Telegraph reports that First Derivatives (FD) has added a healthcare client to an expanding customer base. The company in question is BrainWaveBank, a Belfast-based entity, formed with the objective to detect and treat cognitive illnesses such as Alzheimer’s disease. Utilising specially designed games and brain reading technologies, BrainWaveBank measures subtle changes in cognitive performance to provide insights and an understanding of brain health. Having already developed a low cost, high resolution brainwave (EEG) scanning headset, the company plans
to build the world’s first Big Data collection of brainwave activity on Kx technology to power a neuroscience platform. With the incidence of Alzheimer’s disease alone expected to triple to 130m people by 2050 the scale the opportunity, and the potential benefits for future sufferers, are clearly large.
Our investment thesis on First Derivatives in part reflects the opportunity to expand beyond its traditional Capital Markets franchise, the success of which has been evident in accelerated software growth since FY15 (+47% YoY in FY17). While likely at an evolutionary stage, we see agreements such as those announced this morning with BrainWaveBank as expanding the base for further revenue
growth in the future.

[legg96] 21/10/2017 19:11

I rate Mark Slater. He may well be the best investment manager in London and has a tremendous performance record. Today the Telegraph have an interview with him. FD is the second biggest holding in his fund at 4.9%, which is quite remarkable considering its a comparatively small cap. His investment philosophy is heavily focused on PEG (comparing the rate of growth to p/e). I first bought in 2009 at 158p and having being adding ever since - last week the latest. A 20 bagger in 8 years is pretty good but there is I am sure a lot more to come.

[djon] 19/10/2017 12:44

First Derivatives Traction in new vertical.
A press release this morning indicates that San Francisco based Scientific Revenue has selected First Derivatives’ (FD) Kx platform to power its machine learning based dynamic pricing application. Currently serving the mobile gaming industry, the Scientific Revenue application needs to track the behaviour of millions of app users per day. An ambition however, to expand into desktop gaming, subscription-based broadcast content, OTT video and loyalty programs, and thus potentially requiring the ability to handle billions of price events per day, would appear to be at the root of FD's selection, providing further validation of product scale and performance. Ahead of the release of FD's H1'18 results on November 7th we view the release this morning as significant in that it : (i) demonstrates the application of the underlying kdb+ database in yet another new vertical - gaming; and (ii) replaces an incumbent, Amazon Redshift, viewed as one of the newer providers of scalable data analytics platforms.

[moorsie2] 19/10/2017 10:28

Mach - all depends. If it gets a good run before results then it is most likely to correct downwards on results day and vice versa.

I am expecting it to hit above 36and stay in that new territory

[mach100] 19/10/2017 10:15

Very good performance here Moorsie with strong buying momentum which should see us go comfortably above £33. Given that the reports tend to be conservative I am hoping for a surprise to the upside sparking further strength in the share price

[moorsie2] 19/10/2017 09:29

New high achieved and still almost 3 weeks to results. Things are looking good