Fd Technologies Public Share Discussion Threads

[flybyknight] 21/4/2015 11:24

Do we have information on how some of the earlier acquisitions have performed.
Reference Data Factory (“RDF”)is one that springs to mind. That was 10m USD.
Is it a purchase that has been justified with the benefit of hindsight?

[mog] 15/4/2015 15:39

Agree the acquisitions look pricey Mach100 but I like to look at fdp as a private company where the focus is on the long term rather than immediate earnings enhancement to please the short term stock market. I think Brian Colon has a good eye for the long term and will be able to leverage these companies IP for much greater eps.

[mach100] 15/4/2015 12:48

Bouncing back today mog. I am a bit disappointed with the premiums they have paid for acquisitions but overall this company will start to rerate eventually to 16 pounds. Good upside from here.

[mog] 15/4/2015 00:26

Disappointing drop today. On p/e it probably is overrated but I do believe in their long term strategy to build their IP and product portfolio.

[rivaldo] 07/4/2015 12:33

The Affinity acquisition is costing £7.7m, in return for a mere £2.3m turnover and £0.2m PBT.

FDP is obviously on a building-up strategy, but this is the third expensive acquisition in a matter of weeks, Note that nowhere in any of these RNS's is there any mention at all of earnings enhancement for an already very high/expensive share price rating.

[moorsie2] 07/4/2015 09:51

4 weeks to results - I expect to see this share price rally in that period..

[flybyknight] 01/4/2015 16:25

Lots of spare dosh

Are these really all value add?

Great job if they are

[mach100] 27/3/2015 14:57

Recovering somewhat after the sell-off on the acquisition news. A reassuring update would help propel this forward again. Norn Iron seems stuck in limbo for now so the corporation tax cut situation is still unclear.

[moorsie2] 27/3/2015 09:43

So this week has passed without a trading update. (was on the last Wed of March in 2014 - 26th March)

Not exactly the greatest amount of Investor Relations Communication.

Come on guys reassure everyone that trading with in line with market expectations and that the business has started this financial year strongly!

[mach100] 24/3/2015 16:52

I don't think the market are too impressed.I take Rivaldo's point about a cosy deal but OTHD it might mean being less of a gamble. Let's hope it can bounce back tomorrow.

[rivaldo] 24/3/2015 12:37

Hi Moorsie, cheers. I assume that almost any profit at all will be earnings-enhancing if FDP are paying low interest rates on increased loan drawdowns!

Nevertheless, €4.75m has left the business, with potentially more to come, which seems expensive to me.

If the share price fell to 850p-900p I'd certainly be interested again.

[moorsie2] 24/3/2015 11:47

Hi Rivaldo - good to see you post here.

I would like to see how the company determines it to be immediately earnings enhancing based on the numbers you have posted...

[rivaldo] 24/3/2015 11:41

I still follow FDP with interest.

Today's deal seems a little bit "cosy", given the vendors are non-execs of FDP. Especially as an initial €4.75m consideration buys just €1m revenues and €0.2m PBT.

At 1185p FDP are on a historic P/E of 29 and a 2015/16 P/E of 23. It's a great company, but I just wonder how much if any upside there is for the next year or two on those numbers, especially given all the investment going on which is unlikely to see forecasts being beaten.

[gucci] 24/3/2015 09:52

im out for now moorsie

added phtm with funds

[moorsie2] 24/3/2015 09:31

Indeed - usually someone is in the know....

I guess we have to wait and see the results from full year ending Feb 2015.

Management has never not delivered so I would be expecting a result in line with market expectations otherwise a profits warning would have been issued.

I am buying more if it drops much further..

[gucci] 24/3/2015 09:17

chart a little worrying
could easily drift towards 900p

[moorsie2] 24/3/2015 08:12

Very positive sign this bolt on aquisition this morning.

Non Exec Director sells his business to the company and becomes Executive manager now. Its immediately earnings enhancing so the business is not in trouble.

It reinforces the potential here over the next few years. My shares are going to be tucked away for significant future growth

[gucci] 22/3/2015 09:44

Anyone aware if why this fell on Friday?

[moorsie2] 17/3/2015 16:56

We got a trading update on 26th March last year.

Now that the financial year to end Feb 2015 has closed I hope that we get an update within this month also. Especially considering that there is a full time market communications manager on board!!

Come on FDP give us a very positive update!

[moorsie2] 03/3/2015 14:23

We are in a very narrow £13 trading range for 4 months now.

The EGM has passed and the new shares are issued at £13 now from today so I would expect to se this trading range broken to the upside in the month of March..

[mach100] 02/3/2015 12:04

Could be a useful addition if it really enhances earnings from the get-go. I wonder what multiple they are paying? Quite a differential between the initial and the maximum!

[scottishfield] 02/3/2015 11:02

bb, of course... doh :)

[battlebus2] 01/3/2015 22:15

RNS's on the 26th S.F.

[scottishfield] 01/3/2015 20:59

wheres that from please slacker?