Fd Technologies Public Share Discussion Threads

[brummy_git] 14/2/2023 16:51

Either way guys I don't think any of us should be complaining about the stock price momentum

[sspurt] 14/2/2023 15:39

Brummy - As good a guess as any tho' FDP have made zero headway with Kx in the last 5 years so not sure that AI is going to suddenly be a game changer for them - a triumph of hope over experience perhaps.
A broker ramp in front of Brian's wife ditching the rest of her stake? (am getting too cynical in my old age)

[brummy_git] 14/2/2023 13:13

I suspect it might partly be because of this (Re AI upside for KX Insights). FDP discussion starts at 36:05

[sspurt] 14/2/2023 10:01

I'd like to know what has pushed this higher in the last few weeks, lately on half decent volume. Absolutely no clue.

[linton5] 23/12/2022 11:04

kabouter still selling down I see and others taking there stock

[badger36] 20/12/2022 15:01

It's a tax loss outfit and nothing moreYou should see the pay scale for the latest batch of hires. Better off on welfare or stacking shelves Top bleeding it dry on the back of low paid novices who walk at first opportunity

[badger36] 15/12/2022 16:28

I see they hiring a few grad again on minimum wages. ????Imagine it's really a training school using cheap labour

[badger36] 16/11/2022 12:19

They can keep sucking but without price appreciation all their options are worthless as is management

[swiss paul] 15/11/2022 20:51

Roll up, Divvi Money being set up:
FD Technologies (AIM: FDP.L, Euronext Growth: FDP.I) announces that on 14 November 2022 the Company allotted 14,000 new ordinary shares of £0.005 each in the Company ("the Ordinary Shares") pursuant to the exercise of share options by certain employees.
Application has been made for the new Ordinary Shares to be admitted to trading on AIM and Euronext Growth and it is expected that admission will take place on 18 November 2022. The new Ordinary Shares will rank pari passu with the existing shares of the Company. Following this allotment, the total issued share capital of the Company will increase to 28,031,354 ordinary shares.

[ghostdogdog] 25/10/2022 02:19

More stats fun....
Pre covid H1 2020 software revenues were 31.5 and gross margins of 81%..
H1 23 they're 27.6 (but hey, ARR) and gross margins 72%. The software biz, on which they try and use for the ludicrous valuation, has shrunk 13%.
In 2021 there was net income of 6.427m and Seamus K had a salary of 450k or 7% of net income.
In 2021 Tim Cook of Apple made 98m on net profits of 95bn. To get paid in the same manner as Seamus Keating, Tim Cook would have to have his pay multiplied 75x. If you work for them and are reading this, as have been told some are, you should probably ask for a raise since they're boasting "wage inflation managed successfully". Rules for thee but not for me etc

Remember given 708 profit per year per employee, if just one of the leadership team didn't fly London to Belfast weekly for 400 the cost savings would be the equivalent to 30 employees.
If Seamus K got a salary of a similarly ranked AIM company (Stephen Shakespeare @ YouGov, mk cap 750m, salary 350k, profits 36m), the 150k savings would be equivalent to 150 employees.

[badger36] 24/10/2022 09:33

It's nothing now but a tax write off Options worthless so anyone worth having will walk to a well managed and competent organisation One trick pony this now and and ageing one

[badger36] 23/10/2022 15:16

Rabb missing in action https://fdtechnologies.com/about/executive-team/

[badger36] 23/10/2022 15:05

He lasted little over a year He needs to update his LinkedIn!https://www.linkedin.com/in/ericraab

[badger36] 23/10/2022 15:03

What's to stop KX being cloned and tweaked? If all they are doing is hiring yellow pack grads it's hard to believe anything other than chaos, wokeness and general baby sitting is happening The stock has collapsed, zero interest and the latest set of "dresses up" results have been seen as putting lipstick on a pig What planet do they think investors are living on when we see nothing but companies downsizing and these clowns are crowing about increasing head count with inexperienced graduates

[techcrazy] 23/10/2022 12:50

You can't have cutting-edge tech without having a skilled and experienced technology staff. So a bit of positive news is that the KX CTO (Eric Raab) was silently fired a few weeks ago.

[badger36] 23/10/2022 12:21

Sunday Business Post page 6Usual dirge and nice photo of Keating ??Imagine talking about cutting edge tech and cheap graduates in same sentence If Preston is surprised by revenue growth where has he been ?

[ghostdogdog] 21/10/2022 17:40

Look the vaunted Microsoft 'partnership' which was just adding it to the market place. 6 months. Not 1 review. Not one rating. How lucrative? It can bring $6 an hour! If the top 100 banks each ran a KX Insight instance 24/7 for a year that's 6 * 24 *365 * 100. 5.2m good but not transformational. The whole point of KX is that its fast and the cloud that you rent the machine not own. Lets say they only run the workloads M-F and lets say Microsoft takes 10% and lets say that the John Deere Capital Corporation of Reno, Nevada the 50th largest bank and below has no need to crunch too many derivative stats. 50 * 6 * 24 * 240 * 0.90. That gives us a still very generous 1.5m in new revenue! And also bear in mind, this is only for *existing* users who bring their own license. It doesn't result in any net new clients, just FD might get a cut if the client decides to move their workloads to Azure and chooses not to use vanilla Unix instance. Smoke and mirrors.

[badger36] 21/10/2022 15:03

That's why some of the clowns posting were nothing but paid shills It's truly finished and TW was spot on: a house of cards

[ghostdogdog] 21/10/2022 14:45

Long time FD employee here to vent. KDB is an ancient database query technology which is kind of useful for quants to run queries on tick data.
It's a 1 file 200k executable file built by Arthur Whitney 20 years ago that they milked for years. That's it. FD have built no other products in 20 years. Some front end graphics do da's, integrations. Not a single patent. Deployments in non finance industries are always just around the corner! Because no one wants to admit their TAM is saturated. I remember Toner talking excitedly about the move into automotive wind tunnel data, I asked him how many wind tunnels there are vs hedgefunds and he changed the subject. Then the was streaming electricity meters...

The consulting business was based on hiring grads from NI on 20k, sending them to London got 60k and making them living in accommodation owned by management/company that could be wrote off as a biz expense instead of grad paying from after tax salary. The glory days of the RBS bad bank meant they had literally 100s there. That was the business. That's why they never split it out into consulting, KX and MRP until after Conlon's departure. They could claim the consulting revenue was software revenue and scam the market with a software valuation. This is why the whole house of cards fell down after he departed and auditors who weren't in on the scam came in. The ShadowFall report from 2018 was 100%. BC got away with it as he was the company.
Onto the disastrous numbers, 3100 people creating 147m of revenue and 1.1m profit? That's 354 GBP profit *per head* in 6 months which is insane, given the margins on consulting you have to ask where on earth the money is going? Was it ever there now the InvestNI EU cash has stopped? Is it the new Chief Emotion Officer? Is it all the has been GFT execs coming to FD to retire? (Sorry I mean lead us to the promised land of cloud deployments) Baffling increase in marketing for a 20 year old product in US? The well feed Newry HQ staff on 100k? All this for the push into high value out sourced KYC document verification? A business so low margin that NI companies are outsourcing it to Portugal? Even moving the HQ a few miles down the road would allow them to get Irish corp tax instead of UK. Too easy. My theory is they're trying to drive down the price to do an MBO.

[badger36] 21/10/2022 09:40

Pity we have not got class action law suits against this team. Utterly bereft of a way out a mess they created by announcing a collaboration only then to wonder if they have reached for the stars and hit a treeEither it cuts costs and sheds dross at the BOD and try and sell it before it starts to need more funding. A calamity of its own makingI don't even think it's a buy at 7-8 range as the acknowledgment that they have not learnt from previous action of forward booking business that may never be realised now

[badger36] 21/10/2022 09:02

It's getting there folks All the negative down thumbs must be sore Say what you like it's pathetic to announce a deal before you have the development done This is going under