Fd Technologies Public Share Discussion Threads

[moorsie2] 02/7/2018 07:25

From an employee point of view I would expect absolutely no difference unless your friend works in the finance department then it means less work!

From a company point of view and shareholder it is excellent - cleaner ownership, faster decision making, greater leverage of technology and maximising value for shareholders and in turn a cleaner simplier acquisition for a big player..

[algo1] 02/7/2018 07:24

Mopping up of KX minority s/holder stock also cleans up FD in the eyes of a purchaser of FD. All neat and tidy now.

[sogoesit] 02/7/2018 07:24

Meaning that there's a lot of cash to be found and debt to be re-financed between here and 2019/2020.
In my view.
(Sorry I wasn't directly responding to you hazl... our posts crossed. The financials of this company, debt-wise are a bit precarious right now imv. I am a holder, however, but it's a seeding stake.)

[hazl] 02/7/2018 07:17

Can you tell me what this means,not as a share-holder but I know somebody who works there.
Presumably it will be much the same from his point of view?

[moorsie2] 02/7/2018 06:11

And here it is what was afoot!

What a steal - Concluding the terms of a well structured deal with a buy out clause from 4 years ago!!


2 July 2018



First Derivatives plc

("FD" or the "Group")



FD to buy out minority Kx Systems shareholders



FD (AIM:FDP.L, ESM:FDP.I) announces that it has reached agreement with the minority shareholders of Kx Systems, Inc. ("Kx Systems"), a subsidiary of the Group, regarding the acquisition by FD of their entire remaining shareholding (the 'Transaction'). Upon completion of the Transaction, which is expected to take place on or before 29 June 2019, FD will own 100% of the issued share capital of Kx Systems.



Terms of the Transaction



FD has agreed to acquire the remaining 600,022 Kx Systems shares that it doesn't already own from the minority shareholders, namely Arthur Whitney and Janet Lustgarten, who are co-founders and current directors of Kx Systems, and their associated persons. The aggregate consideration is $53.8m in cash, to be financed from FD's available facilities. The terms of the transaction are in line with those agreed between FD and the minority shareholders in October 2014, and include a payment of $12.0m in lieu of anticipated dividends to the minority shareholders for the period up to 31 October 2021.



Brian Conlon, Chief Executive Officer of FD, commented: "Since we acquired a controlling interest in Kx Systems in October 2014 we have invested heavily across our business to target multiple new industries. The agreement to acquire 100% of Kx Systems provides certainty for the Group and its shareholders as we seek to realise the considerable potential we see for further growth."

[moorsie2] 29/6/2018 15:35

2% of the company's shares were traded today! Huge action for this stock

Something is afoot.....

[moorsie2] 27/6/2018 12:10

And AGM took place.

Some investors must have been very reassured!

[moorsie2] 27/6/2018 08:48

New broker coverage issued today with a initial price target of 5300

27 Jun 18 Liberum Capital Buy - 5300.00 Initiates/Starts

[skatersav] 17/6/2018 17:48

Strong news such as: TT International discloses short position?

[algo1] 15/6/2018 09:44

What makes you think that?

[moorsie2] 15/6/2018 09:38

Expecting some strong news here by the end of the month...

[moorsie2] 04/6/2018 15:15

Huge volumes traded today - 200k share at 46.30 each

[swiss paul] 29/5/2018 20:39

your Wexboy and I claim my five pounds - or juts give me 1 FDP share!

[walbrock82] 29/5/2018 14:17

Read why future profit growth rate forecast won’t sustain First Derivative valuation for long:

[moorsie2] 25/5/2018 13:22

Not at all

I don't think the board or shareholders would entertain a offer below 100 per share

Value the company at just over 2bn - while Amazons annual budget for r&d is 16.5bn dollars per year....

[sogoesit] 25/5/2018 10:31

Sure, the future is guess-work; no more no less.
I assume, therefore that the opportunity premium for a take-out you mention before is priced-in to the current share price on the P/E "premium"?

[moorsie2] 25/5/2018 09:55

not so sure about that - steady trading in 45-55 range over the coming months is my guess

[sogoesit] 25/5/2018 09:54

4400 done; now for the real test of TA ... haha:
Next TP should be approx. 5300 (recent top to trough of the big "U" added to the high) although continuation of the trend before it broke on 29/01 should see it well over 5800 in next few months.

[moorsie2] 25/5/2018 08:42

This is not the type of stock to try and trade in and out of.. Too illiquid and you can find yourself locked out

[moorsie2] 24/5/2018 16:55

Exactly my point.

The scale benefits for a bi industry player to utilise and deploy is absolutely huge and not even remotely represented in todays value.

Remember Kx was effectively a two person company for years. Then finally acquired by FDP they had now resources to exploit its opportunity. Conveniently at the same time its product was in great demand due to the explosion in the generation of data.

The value to a really huge IT company I in many billions not 1 billion as the price presently represents.

Buy , put away and smile at what it will give you over the next two years...

[sspurt] 24/5/2018 16:04

Moorsie - it is but to exploit Kx in all the possible verticals and in a timely manner requires resource currently beyond FDP's reach. They know the upside is huge but are constrained by keeping cost growth in check to keep shareholders happy. Different avenues to market are being explored in order to accelerate the process which should make a difference but if not I can see BC bowing to the inevitable. No clue what this means for the share price though on 50x current year...

[mach100] 24/5/2018 15:00

Nicely above it now with some selling at 4360p. it would be great to hold up above 4300p at the close.

[moorsie2] 24/5/2018 13:43

Busted it!