Fd Technologies Public Share Discussion Threads

[moreearl] 19/5/2020 11:49

Interesting reaction. Difficult to foresee earnings on the tata deal but could be very significant. Having met these guys several times I'm pretty relaxed about the 15% share dip today, expecting a reasonably quick bounce back once people have actually digested this news

[mog] 19/5/2020 10:39

Mixed results with diluted eps up 13% to 54.2p but adjusted eps down 7% to 77.4p.
However it's excellent to have the deal with Tata, I'd been thinking that FD's resources would be spread too thin for all the markets and customers their Kx technology addresses and this will help hugely. It also adds greatly to the credibility of FD and Kx that Tata chose them.
The word "focus" is used 14 times in the results, this could be where Seamus Keating's influence is coming in, the market for Kx is so huge that they may have in the past tried to sell to too many different markets, but in the future they will "focus on those markets where Kx provides the greatest competitive advantage".
Together with the Tata deal it looks like Seamus Keating is doing the right things.

[badger36] 19/5/2020 10:38

At a time of market recovery it's clear management is out of its depth. Now it's only a matter of time until the bells will toll. Competition and former employees will emerge with a better offering TW has been proven correct

[asagi] 19/5/2020 09:32

swiss paul: congratulations on your long, this one remains a source of pain for me.

Didn't think that these were the results that are required for a company on this rating but I'll let you longs enjoy your day before I get my (cold) watering can out.

Asagi (short FDP)

[swiss paul] 19/5/2020 09:20

I think there was a leaky ship but the FCA wont bother - price movement on the up before what could have been a bad show.

I still hold - and have added

Asagi - can you see this dropping by 50% plus its over your 'ouch' at £27!

[moreearl] 18/5/2020 16:22

Looking really good - if it can bust through £31 this should motor. Given the positive vaccine news around the globe I wouldn't want to be short this (or anything at the moment)

[asagi] 13/5/2020 22:52

last time I looked, consensus is for an EPS decline in 2021.

the dividend has been cancelled and graduate intake is under 'deferral'.

There is debt, slightly higher than ADJUSTED EBITDA. How is this on a P/E of more than 15?

Asagi (short FDP)

[wiseacre] 13/5/2020 15:25

At 55 times earnings this stock is on an absurd rating. Whoever is buying ahead of next week's results needs their head examining.

[swiss paul] 06/5/2020 20:54

hxxps://www.firstderivatives.com/how-we-are-responding-to-the-pandemic/?utm_source=Website&utm_medium=Homepage%20banner&utm_campaign=Covid-19%20CEO%20Message

job jobbed

[advfnsta] 03/5/2020 06:59

Any news on how FD are handling the covid situation? Future prospects dull?

[swiss paul] 14/4/2020 19:38

Asagi
in the words of Linda lovelace - 1 swallow does not make a summer. I would not put the shirt on daily movements - the trend if your friend.

Keep safe - and thanks for your honsety - have a rec

[asagi] 13/4/2020 21:27

Hi swiss paul,

Taking that to mean the price that I would close at tomorrow if you offered it me?

1,500p.

I'd stay short at 1,501p and obviously close at 1,499p or lower.

As for where I would throw in the towel and give it up as a bad job, I dunno, 2,700p? Thursday's close does not bode well for next week's action, to my mind.

GLA.

Asagi (short FDP)

[swiss paul] 10/4/2020 19:20

Asagi - whats your close out price?

[asagi] 09/4/2020 08:45

trading statement from the company this morning:



expects to report a financial performance in line with company-compiled consensus forecasts of £241m of revenue and £46m of adjusted EBITDA. Net debt at the period end was £50m, which was better than the consensus forecast of £56m.

all going well at the business:

we have seen no financial impact from the effects of COVID-19. All our services delivery is now being conducted remotely, with no impact on revenue. In our managed services and consulting business the services that we provided prior to COVID-19 are now being delivered remotely with utilisation rates in March 2020 remaining in line with the prior month.

but

in the near-term there will be a lengthening of software sales cycles

and

suspending non-essential business travel and short-term deferral of the summer graduate intake and the Board will not recommend a final dividend in respect of the year to 29 February 2020

it seems a little surprising that the dividend is not happening this year given claims that all is hunky dory?

Asagi (short FDP)

[asagi] 03/4/2020 16:19

are we going to get the same pattern again of a very weak close?

Asagi (short FDP)

[asagi] 03/4/2020 11:25

Lucien Miers writes about First Derivatives on shareprophets today. I infer that he things that the shares are FOUR times the price that they should be.

Last year, we had a trading statement on April 18th. I'm inclined to think that they are leaving it very late. The market is affording this one a lot of benefit of the doubt.

Asagi (short FDP)

[wiseacre] 02/4/2020 15:10

Riding for a fall I would say.

[asagi] 31/3/2020 13:42

one of the few companies still yet to make some kind of Covid-19 announcement.

Indeed, to my knowledge, we have had no word on trading since November 5th.

Asagi (short FDP)

[wiseacre] 27/3/2020 14:53

I see this stock is trading on an earnings multiple of 44 times. That can't be right. Something rotten in the state of Denmark? Was it Rosencrantz or Guildenstern who said that? I can't remember.

[glavey] 01/3/2020 02:16

I give in. Why don't you tell us?

[ezram] 29/2/2020 20:20

It a very simple point.

FDP state it software revenue is 60% of total.
A second report states it is 30% of total.

Who has made a mistake?

[mog] 24/2/2020 12:16

Glavey, my thought entirely

[ezram] 21/2/2020 12:31

The revenues are restated by a huge amount.
A change of from30 to 60% is huge and either points to ineptness or worse by the management or a mistake by the person sending the note How can this be explained.

It is items like this that make investment risky. And 5hey keep cropp8ng up.

30% of FDP revenues isn’t a small amount of money.

[johnroger] 19/2/2020 18:28

Delayed response to the oil field service contract? Any idea which oil major?