Fd Technologies Public Share Discussion Threads

[wiseacre] 17/7/2020 11:21

A lot of people are going to get hurt in this one.

[sspurt] 14/7/2020 16:20

Another big hitter NED appointment - this time the CFO at multi-billion NYSE listed cybersecurity player Cloudflare . Hoping this means that they are raising their sights to bigger prizes as if so this is a much needed first step. Be interesting to see if Seamus is up for the challenge as it seems like the ball game is changing

[swiss paul] 08/7/2020 08:01

Good call Mr B - an one that I (and surmise others) were unaware. Have you asked the company secretary?
AGM statement today
Total revenue was 6% ahead of the prior year period, reflecting the Group's resilience during a period impacted by COVID-19 across our operations. Managed services and consulting revenue was up 2% on the prior year period as we continued to benefit from the high visibility and repeat nature of our client engagements. As expected there has been some deferral of new project engagements, the financial impact of which to date has been partially mitigated by lower recruitment and cost management.
Software revenue increased by 8%, led by growth in recurring license and subscription revenue. This was offset by a small decline in perpetual license revenue as new software sales continue to take longer to close in the current climate.

Cash generation during the period was in line with expectations.

The Board continues to believe that it is still too soon to determine the likely outcome for the full year but is encouraged by performance to date and will continue to invest to deliver against the market opportunity. The Group remains strategically well placed and we are encouraged by the growing demand for Kx streaming analytics from potential customers and partners.
Not setting the world alight, but they have history of under promising and over delivering.

I hold

[badger36] 07/7/2020 13:47

US listing. Why is FDP clinging to the vanity project of a highly expensive listing under FDRVF? What's the point when it hardly ever trades and is unknown. BTW twilio is now $233

[badger36] 06/7/2020 17:42

Big trading in FDRVF in US. Total of 16 shares $32.3838Something up ?

[sspurt] 02/7/2020 09:56

Proper heavy hitter board appointment today - ex CEO of BMC and before that CPO at Computer Associates.

[mach100] 21/6/2020 22:52

Glavey I think Badger has a set on the company. I doubt he will ever change because by his comments he has dug a hole for himself on FDP. Though it is always good to have a contrarian view on a company.

[glavey] 16/6/2020 03:20

Badger, just save yourself the anguish.

[badger36] 15/6/2020 20:21

What's the excuse today. Sector flying and this floundering and showing zero sign of market interest. Again I highlight twlo not trading at 200 bucks. Yes it fell from 70 to 30 odd when they lost a big client but management refocused and it's now rock solid between 185 and 215Contrast the reaction of FDP. Silence. Announcing it was hiring 300 extra staff to cope with demand when the world and its. Othe knew it was a mad dash

[mach100] 02/6/2020 18:27

YW Mal. I always like to see a Mal content. The badger may well have a nose for troubled shares but this has recovered from the post results dip. Tech shares have to be more attractive in a Post Covid world and althogh the share price is admittedly choppy a fair wind in the marKets could see FDP rise up to £30 plus once again.

[malcontent] 02/6/2020 14:58

"not everything is as black and white as the badger .."

very good, very good

[mach100] 22/5/2020 21:17

I think badger has earned his stripes. There has been sceptiscism around the stock for a while but it is still performing quite well in that it has dips but recovers too. I guess not everything is as black and white as the badger makes it sound.

[badger36] 22/5/2020 15:15

BTW twilio over 200 Was 23 two years ago

[fp optimist] 22/5/2020 13:20

I'm reluctant to say it that Badger is right to be sceptical. There wouldn't be any need to test old accounting issues, if T/O or profit was flying ahead. Alternatively doing a deal with Tata might have been more impressive it had been more focussed. Something like a contract! For example, on vehicle telemetry. KX already has brilliant references down this track, and while both KX and JLR may be late players into full AI, I'm more interested in earlier phases of Machine Intelligence - what BMW called Phases 1-4 to AI (Phase 5) - rather in the full ethical mysticism of choices within AI.

[badger36] 22/5/2020 13:05

Guess when it hits the teens the bulls will say another buying opportunity Dealing with Tata is one of desperation as we all know the Indians drive a hard bargain, seek sweeteners and if that fails get the Gov to hit you with unforeseen taxes or liabilities for rules implemented retrospectively. Ask Nokia if you think otherwise

[badger36] 22/5/2020 09:53

Good stuff. Usual conviction bias: everybody is wrong but my waiting for dust to turn to gold. Company has never addressed the accounting issues and the forward inclusion of revenue that may or may not materialise. It's been a roaring market but you guys suggest it's otherwise. Most stocks have roared ahead except for travel and airline

[glavey] 21/5/2020 03:50

Badger, just sell.

[badger36] 20/5/2020 19:44

Twilio at 191 and you experts say it's the market stupid. Well it's incompetence and naivety and cliques. Can't find an out of office chief. Stinks of nepotism

[mog] 20/5/2020 19:20

And on the marketing front, I don't think this has been commented before, but in March Keating appointed a new Chief Marketing Officer reporting directly to him just two months after his appointment as CEO
hxxps://www.firstderivatives.com/news/fd-appoints-kathy-schneider-as-global-cmo/

[malcontent] 20/5/2020 19:00

relax guys
the share price drop just popped us back to test the 200 day MA on the chart
It's a natural place to test and it's only a problem if we head lower and stay lower than the 220 d MA
Remember it's the best indicator of a bull/bear trend

since summer 2018 we sell off over £30 and we are a buy at £20

It's a trading range.

[mog] 20/5/2020 09:41

Just on Tata, actually it's an Indian public company, listed in 2004 in India on the National Stock Exchange (NSE: TCS) and the Bombay Stock Exchange (BSE: 532540)
hxxps://www.tcs.com/investor-relations
Turnover is 50% US, 30% Europe, only 20% rest of world, so I'm not sure there's much political influence
hxxps://www.tcs.com/content/dam/tcs/investor-relations/financial-statements/2019-20/q4/Presentations/Q4%202019-20%20Fact%20Sheet.pdf
But yes hopefully FD can really take advantage of their opportunities

[fp optimist] 20/5/2020 09:19

Good points Glavey and Mog,
I still find 15% decline in share-price hard to take when headline figures had already been released and then confirmed. FD trades off a high PE and being bought by Tata (private money, low tech specialist in highly political markets) does not on the face of it appeal to shareholders. More a back-stop than a confident statement of understanding the huge opportunities in leading edge technology and where and how FD and its new management team were going to take us.

[mog] 20/5/2020 08:57

As much as anybody Glavey :)
A further thought, perhaps FD could eventually be a takeover target for Tata in a few years, may be in the back of Keating's mind. Obviously FD is miniscule compared to Tata so would be a blip on their turnover ($22Bn) but consultancy would fit in easily and if they like the technology they might go for it, just like FD buying Kx, and would be loose change for them. Just a thought, but the main point for now is how much extra business FD will get through Tata.
Last year was obviously very disruptive with Brian Conlon's passing, and now we have COVID-19, I'm happy to see how Keating does in the next year or so with Tata and the more focused strategy.

[glavey] 19/5/2020 16:45

Clearly mixed views here (excluding bager's nonsense). We are in different times but those who've been here a while may remember that it was quite usual to see a run-up to and then some profit taking on the publication of half and full year results.

Yes, the dividend is gone (as are bonuses) and graduate intake is under 'deferral' and they have drawn down cash. But would one wish or expect otherwise?

I think the previous post a bit of an over reaction, but what do I know!

[fp optimist] 19/5/2020 12:03

Results have already been discounted by the market from pre-releases flagging headline figures. The reason for the collapse in the share is the Tata deal and appalling marketing. FDP looks as if it doesn't know where they are going with a smart bit of software and a body-shopping organisation.
I'm still a shareholder, but I am mad at today's performance. Keating isn't up to it. A mere accountant, who was adequate as Chairman. FDP desperately needs a dynamic and convincing MD to lead; it needs proper marketing and delivery; and it needs it fast. The self-delusional rubbish from Mog doesn't convince anyone.