Fd Technologies Public Share Discussion Threads

[flybyknight] 08/10/2018 17:11

Bootycall

That is fair analysis. I dont agree with the number but at least it focus on FDP and not other factor I.e your point has substance

I think value of report is that FDP is not true software company as it sits now.
So it valuation should not be x40 but neither should it be x10 as a service copmany would be. Kx is a great asset

I believe it will over correct and then I buy in more

[bootycall] 08/10/2018 17:04

flybyknight

Zero hedge has called a chart breakdown on the Russell 2000 index today. The small cap tech sector is imploding . My sources inform me that the FDP bear story was circulating as far back as June. FDP has enjoyed a very high multiple because of consistent delivery of earnings growth. Liberum reiterated at the end of last week its fully diluted EPS forecast for FDP to 2/19 as 94p and 107p for 2/20. I think that a high quality, well managed business in the data analytics sector deserves to be on a multiple of at least 40 times for calendar 2019.. inferring a valuation of £41-£42. I concede in these market conditions the share price could be pushed down to 30 times earnings..but the price is starting to look a bargain...in my opinion.
Liberum arrived at a much higher valuation (target price £53) after valuing the consultancy revenues at 3 times sales and the software sales at 6 times and applying a software multiple on the forecast revenues from new verticals to which it applied a 25% discount rate.The nearest comparators, loss making Cloudera and Hortonworks have just merged on a 6.5 times sales. Investors should look at FDP's compound earnings growth and remember this is after expensing material sums on new verticals which have yet to produce revenue. Furthermore, you could argue that FDP has spent north of £5M ? this year on these new verticals suggesting it is trading on close to 26 times core forward earnings for world leading technology.

DYOR

[flybyknight] 08/10/2018 16:31

the cash flows look like a consulting company and not like a software company
company has historically issues lots of shares imho but i dont see that as a problem much

I raise the points months ago as well if you check my post

I dont think you are in position to question objectivity of anyone sometimes

Have you read report?

[moorsie2] 08/10/2018 16:16

Flybyknight - what facts and figures from last week?

- that the company has issued lots and lots of shares to keep brokers happy - untrue

- the KPMG "issue" non story as the KPMG partners leaving had nothing to do with FDP. He insinuated they did

- Not declaring his own anger with KPMG and therefore a potential issue with his objectivity


I just think that the company staying quiet is not helping their side of the story. They should announce results date tomorrow with a usual trading update

[flybyknight] 08/10/2018 15:34

Bootycall it clear this is a shake up and that Tom is gaining directly or indirectly somehow. Everhow the points he raised are valid even if I dont like messenger. I dont consider the two non stories today but the facts and figures from last week has merit

I consider adding at bottom as well

[skatersav] 06/10/2018 14:54

KPMG were fined £3.2m for their involvement in Quindell. The “trolls” were right!

[skatersav] 06/10/2018 14:53

I’m sorry to be blunt Moorsie, but that’s a terrible example to support your case. Quindell was a fraud! That blogspot was written by a fool. The claim that short sellers do no fundamental analysis could not be more wrong. The exact opposite is true. The final report that destroyed Quindell was written by Gotham City! These are not “trolls”: they are some of the best investigators on the planet. I don’t care if you delude yourself...

[windsor430] 06/10/2018 13:03

Genuine Q - didn’t the trolls have a point?

[moorsie2] 06/10/2018 12:48

This was written 3 years ago but looks terribly familiar to observers of FDP this week...

Shame on the trolls

hxxp://financialtrolls.blogspot.com/2015/04/the-mysterious-case-of-quindell.html?m=1

[moorsie2] 05/10/2018 14:43

23k shares just went through at 3978!? What is that as the so been below 3500 all day. Surely it cannot be a delayed report from yesterday. Could it be the premium needed for a large buy!????

[adulion] 05/10/2018 13:46

super FT all the way

[opodio] 05/10/2018 12:40

love a chicken nugget

[jbmytrade] 05/10/2018 12:30

"I saw these boys in Newry. Would rather invest in Friar Tucks"

>> Best chicken burgers and shakes in the town. Id take a punt if they went public.

[malcontent] 05/10/2018 11:17

well I've been burned before once a company falls from grace- I've held some to recovery and then some and I've also held and seen my value eroded or destroyed

chart-wise, we are testing £35 now and over the next few days

pointless selling now until I see if £35 holds

nasty bear-raids are a feature of the market at present, especially in high-flyers

[painter] 05/10/2018 11:14

Owned these since £15. Their products are exceptional in my view and the markets they appeal to will paid heavily for them. Sold a few at £41 as I am not convinced of their vision going forward. T/O target at this price. The next leader in the big data world if they can pull off their current strategy.

[flybyknight] 05/10/2018 09:54

Well each to his own. We are both in the same boat. I just hope its not the titanic.

[volsung] 05/10/2018 09:53

I saw these boys in Newry. Would rather invest in Friar Tucks

[moorsie2] 05/10/2018 09:49

Lets see - I do not re-evaluate 12 years of positive track record of this company with 2 days of market volatility.

At these levels it is only back to the levels of Oct 2017! So not a catastrophe

The ball now passes to the company management

Lets see how they address these points and concerns in the upcoming half year results

I will continue to add. Maybe I am suicidal... :)

[flybyknight] 05/10/2018 09:41

My point on transparency is coming to light. Moorsie you blind faith is astonishing. A "rare buying opportunity"? Suicidal might be a better word? With so many red flags its not in the short term.

"Justice must be done and be seen to be done". The company numbers are not straight forward presented. That is not to say dishonest or wrong but its possible to justify all valuation on those alone

I am still holder, and buy more when this storm passes if over correction as I think + news is coming, but case for taking a profit and caching in getting hard to ignore

[sspurt] 05/10/2018 09:37

You don't have 19 out of the 20 largest global banks as clients if you are a fraud.