Fd Technologies Public Share Discussion Threads

[swiss paul] 13/2/2019 21:00

Standard life vote of confidence?
Resulting situation on the date on which threshold was crossed or reached


10.00


0.00


10.00


26,162,258

Position of previous notification (if

applicable)


9.48

[simonadvfn2] 12/2/2019 21:54

Closing the sale on kx is key. It essentially locks in the financial sector given have embedded the technology is in most banks/hedge funds electronic trading. What you might see is First derivatives becoming a subsidiary of a much larger corporation which little to no exposure to the financial industry..It is very clever to partner and migrate solutions to the cloud as this immediately will dissolve all attempts by other promising technologies thinking they can reduce the cost with minimal impact on performance. Capturing a trillion row database on a few hundred servers crunch data for millions of queries and computing complex view in sub ms will not be something an investment bank will want to gamble on by changing tac. It's here to stay, and the prospects are large. Don't get washed up on hear say from the local circus

[0xff] 10/2/2019 19:50

“could kx be copied“? yes! everything in the world can be copied. even Hallstadtt was copied.

but then, half the kdb+ (kx as they call it now) is in clear and anybody can download and look at it. and good luck as you're going down that rabbit hole as it is not for the faint of hart.

that page is just "marketspeak" but not wrong at all.

[ezram] 08/2/2019 13:14

Because they don’t want to expose the revenue split between body count and software.

The slides on “could kx be copied“ do not inspire confidence either.

[skatersav] 08/2/2019 09:29

They said it would be a “meaningless exercise” to release the financial accounts of the Kx sub!

How can that be meaningless?! It was the entire focus of the CMD and is clearly profitable, paying out £3m a year to the minorities. How can it be meaningless to disclose the economics of that subsidiary?

This company’s governance is truly insane.

[ezram] 07/2/2019 21:29

Let us see how we can all read the same document and take different conclusions

I wonder did TW get his questions asked

[eagle eye] 07/2/2019 17:51

First Derivatives Investor Day Presentation:
102 pages, happy reading.

[simonadvfn2] 07/2/2019 17:04

Any info from the capital markets day

[ezram] 06/2/2019 17:32

The fact that they will lend money is a good sign.
The rates are not on particularly good terms.
It is bad news that such an overdraft is being asked for imho.
What else is planned to be obtained?
I have seen zero vetting on the value of previous purchases.

[sspurt] 06/2/2019 11:34

Fair point. Confirmation bias and all that.
I don't have any faith in banks as it happens but they usually have access to financial information denied to investors, at least at a more granular level anyway.
FDP need to pay for the o/s balance due on Kx in June.
Not sure the CMD will answer specific questions re numbers. They usually are pitched around strategy etc

[aa29] 06/2/2019 09:10

Seems good news but you have too much faith in banks. Bankers are more driven by business/sales targets and the fees involved. Ask too many awkward questions and another bank will get the business.

As for putting their own money on the line, surely it's someone else's money?

[mog] 06/2/2019 08:55

Yes this is a big vote of confidence from organisations who would have looked in great detail at their finances and prospects, and have put their own money on the line.

[sspurt] 06/2/2019 08:36

NB Banks don't charge LIBOR +2-3% on £130m if you have cashflow and balance sheet problems. These are IMPROVED terms.

[badger36] 30/1/2019 11:56

IG, yahoo, adv, all have conflicting volume data. Which is the most accurate?

[badger36] 30/1/2019 11:55

I guess TW will have another piece full of speculative innuendo to the detriment but skirting the zone of being deliberately libellous

[sspurt] 30/1/2019 11:41

Good vol this morning. Looks like a run before the CMD on the 7th.
Mog - 100% agree re accounting "issues". Anyone who thinks there is a problem here with accounting policies/disclosure is barking up the wrong tree. A look at the free cash flows over the last five years is enough to tell you that. The big issue for me is if Kx is stalling in its markets.

[mog] 29/1/2019 23:42

FD's 2015 report says when their holding went to 65% "The acquisition and the put are accounted for under the anticipated acquisition method." They don't explain this method, but from other company accounts I've found it applies where the buyer has committed to buy the minority interest, for example by writing a put option. Then they add the value of the put option on the balance sheet liabilities and otherwise treat the subsidiary as if they have acquired 100%. They do NOT declare a non-controlling interest anywhere.

The key point is the put option making it an anticipated acquisition. Looks like this is all entirely correct by IFRS and consistent with other companies' accounting in similar situations.

[ezram] 29/1/2019 00:27

To be blunt can I state that nothing dishonest is going imho.

I do not think giving a breakdown of revenue by broad source (software vs consultancy) and sector (finance vs other) is a big ask. Nor would it reveal much of use to competitors. Not doing so has clearly damaged the company share price and hurt shareholders. The company have made a mistake with the information day IMHO btw. Making the event " invitation only " and essentially trying to control the content isn't a good approach, and adds fuel to a growing fire.

Swiss do you have a professional relationship ( employee ex or otherwise ) with the company and/or are you still a substantial share holder? IMHO You have been a consistent contributor to this board and have always given a quite balanced view of the companies progress.

[skatersav] 28/1/2019 22:30

Swisspaul, we’re not discussing speculation. We are discussing what the company has stated in their accounts! #faceslap

[swiss paul] 28/1/2019 21:25

you dont respond to any market rumours, any NOMAD will tell you that. Nothing has been proven, so at the moment it is all speculation. If you or others think a fraud is being perpetrated then I suggest you report it as such, otherwise I wold be very wary about making accusations Mr Badger.

On the side of transparency Ezra, why should they show that level of detail. do our competitors show that in their AR&A? - i think not.

Let see how Mr market repsonds on the 8th - to me that will say more than the innuendo.

best wishes to all