Fd Technologies Public Share Discussion Threads

[mog] 15/11/2018 07:31

Glavey, perhaps I worded it a little strongly, but if they didn't have that cash from share issues they would have to borrow more

[glavey] 15/11/2018 01:26

Mog,
And that's correct per 'cashflow', but it fits less well with "...they're being kept afloat by share issues...". One can't blame the company if employees etc. choose to exercise options given as incentives.

Badger,
Then perhaps chill a little. :-)

[swiss paul] 14/11/2018 20:17

Ex divi tomorrow

[mog] 14/11/2018 11:13

Glavey, Well in the cashflow statement they say "Proceeds from issue of share capital" but whether it's from employees exercising options or the company selling shares to institutions it's still cash that they're using.
flybynight, :) , and hopefully 15 is a bit pessimistic, although still a pe of about 20. Overall I do believe Conlon has a clever strategy of buying Kx combined with the Market Resource Partners people to market the Kx technology to all the big data markets, so a pe of 20 would be low for me. It's a huge opportunity.

[badger36] 14/11/2018 08:53

Have a large position bought at 29 and 38

[glavey] 14/11/2018 05:43

Mog,
That's shown as "Exercise or issue of shares". Not quite what you contend.

Badger,
If you have a position here, you appear to be panicking. If you don't, you appear to be baiting those who might have. Which is it?

[flybyknight] 13/11/2018 21:59

Mog please some were else go to have open discussion

This discussion board like uk brexit
Most vocal people don't like facts and real observations

Sp looking like it will go to 15 gbp imho and then make string comeback
Director share buy and announcement on horizon think

[badger36] 13/11/2018 16:44

Moorsie. Your evaluation is worth what? Since you suggest it's bull about fraud Mr Market has called it out and the silence from Conlon et al suggests something stinks and itv surely does looking at the share price collapse

[mog] 13/11/2018 15:45

Glavey, it was from Cash flows from financing activities:
Proceeds from issue of share capital 2,567
Drawdown of new facility 8,900
Repayment of borrowings (1,766)
These give net receipts of 9.7m. Operating cash was 9.8m for a total of 19.5m, and they spent pretty much all of it (except £734k). A lot went on investing activities (subsidiaries (deferred payments, loans, intangibles) and equipment) which hopefully will deliver results in the future, but 4.3m went on last year's final dividend. Now presumably they are managing their debt drawdown just about to cover their cash requirements, but spending 4.3m of this on dividends makes me a bit uncomfortable.
On the other hand I don't get any sense of wrongdoing in these accounts, but any accounts can be fraudulent, so who knows?
Just to be clear I'm a shareholder from 2005/2006, and like to have an open discussion. The drop in price is painful to see but at these elevated pe ratios the correct price is just a subjective view "in the short term the market is a voting machine, in the long term it's a weighing machine"

[moorsie2] 13/11/2018 14:07

welcome Badger another new member in the last 8 weeks who posts on no other company and posts nothing of rigour on this one - troll

[badger36] 13/11/2018 12:06

So for all the hoopla about the ability to execute and be leaders in the field the only remaining support is the hope of a takeover. My word it sure is a sorry state that results are tainted with the implications of being as a result of cooking rather than creating or is that creative accounting. Too much damage done to the reputation and the silence is deafening. It's finished and the pie in the sky ambitions are just stuff of Alice in Wonderland

[painter] 13/11/2018 11:12

Down into takeover land price wise as now they own 100% of Kdb+ could be interest over the rest of 2018.

[glavey] 13/11/2018 05:42

...they're being kept afloat by share issues and debt...

To what share issues do you refer?

[rhambo] 12/11/2018 23:14

But the price IS collapsing, it's down 40% and falling...

[mog] 12/11/2018 20:04

I think if the market did really think that or there was some foundation to those sort of thoughts the price would have collapsed much much further. I wouldn't be surprised if it's the cashflow that some people don't like, they're being kept afloat by share issues and debt, some of which effectively pays the dividend. I think they should chop the dividend, but Brian Conlon wouldn't be happy as that gives him a few million a year. I'm not completely comfortable with the cash but I'm giving them the benefit of the doubt and hoping that Kx does prove itself.

[mog] 12/11/2018 10:16

The share price drop is obviously because of more sellers (incl shorts) than buyers, but the actual share price doesn't to my mind indicate a company with major issues, at £28 it's still on pe about 35 and price to sales 3.5, that's not a company with problems. I think the valuation had simply become too rich at say £45 for a company growing revenue at about 20%.

[badger36] 12/11/2018 08:28

Well tabloid or otherwise the share price suggests the company has major issues and the usual excuse is shorts. If you had more buyers than sellers, well...

[algo1] 10/11/2018 12:13

In an attempt to move on from the recent tabloid journalism that regrettably has arrived on this previously peaceful BB, I attach a link of interest to anyone that may actually have bothered to read the recent half year report and is inclined to learn what KX is actually now capable of. As the author, Jonny Press of Aquaq notes - it's very exciting!https://www.aquaq.co.uk/datablog/kdb-anymap-unstructured/For those interested in the governance framework that FD follows, a read through this may bring some clarity.https://www.frc.org.uk/directors/corporate-governance-and-stewardship/uk-corporate-governance-code

[mog] 09/11/2018 19:05

Thanks Simon, good to hear about the meeting

[simonadvfn2] 09/11/2018 18:53

I think it has something to do with the fact TT have increased their short position forcing an illiquid stock downwards. They have to buy back that stock so don't worry. As for the meeting, there was a sense of satisfaction among all the analysts ..

[mog] 09/11/2018 17:18

Anyone privy to what the analysts thought of the analysts' meeting at 12.30 on the day of results? It seems that the price rose from 33 to 35 in the morning of the 6th before the meeting but since the meeting have slid 20% from the middle of the 6th to now, 35 down to 28.

[badger36] 09/11/2018 12:26

Something is rotten in FDP. Don't tell me that there is not bad news lurking. Were the books cooked?Meltdown in progress

[badger36] 08/11/2018 08:46

Contrast the price action of twlo and you can only conclude the market is crazy. Twilo lost one major contract and it went from 44 to low 20s. Yesterday is rose 25 dollars to 93

[moorsie2] 07/11/2018 11:01

For long term holders it is frustrating but nothing more. Being at a valuation it was at in April 18 and Nov 17 is not the worst scenario considering how some stocks have been hammered..

This may actually prove to be a blessing in disguise as it allows the company to prove its true value to the market and rise again in coming months.

I still consider the Citigroup and Liberum Capital and Investec assessments of true value circa mid 50s to be the most realistic valuation at this moment